ACTIVE

Korys Business Services III NV

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Financial year 2025 · closed on 31/03/2025
Net result
181,7 k €
-15.5% YoY
Gross margin
-12,8 k €
-6.5% YoY
Equity
9,4 M €
+2.0% YoY
Workforce
0,0 ETP

What does Korys Business Services III NV do?

Korys Business Services III NV is a Public limited company incorporated in 1981. Its main activity is: Activities of head offices. Its registered office is in Halle.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0422.041.357
Incorporation
02/10/1981
Legal form
Public limited company
Registered office
Villalaan 96
1500 Halle · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/03/2025
Average workforce
0,0 ETP
Activities (NACE)
70100Activities of head offices· main70100Activities of head offices
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022201920182017201620152014201320112010200920082007
Income statement
Gross margin-12,8 k €-12,1 k €-11,1 k €-9,2 k €-5,5 k €-9,0 k €866,9 k €––––––635,2 k €592,3 k €523,8 k €
EBITDA-13,8 k €-13,0 k €-12,0 k €-10,1 k €-6,5 k €-9,9 k €865,9 k €779,1 k €819,3 k €844,9 k €703,0 k €691,8 k €653,2 k €634,3 k €591,5 k €522,4 k €
Operating result-13,8 k €-13,0 k €-12,0 k €-10,1 k €-6,5 k €-9,9 k €865,9 k €779,1 k €819,3 k €844,9 k €703,0 k €691,8 k €653,2 k €622,9 k €590,6 k €521,5 k €
Net result181,7 k €215,0 k €24,4 k €-8,0 k €3,5 k €107,3 €609,3 k €562,7 k €610,7 k €2,8 M €547,9 k €707,7 k €231,4 k €663,8 k €691,8 k €495,8 k €
Balance sheet
Equity9,4 M €9,2 M €9,0 M €8,9 M €8,9 M €8,9 M €8,9 M €8,3 M €7,8 M €7,2 M €4,4 M €20,6 M €19,9 M €19,7 M €19,0 M €18,3 M €
Total assets9,4 M €9,3 M €9,1 M €9,0 M €9,0 M €9,0 M €9,1 M €8,4 M €7,9 M €7,4 M €4,6 M €20,7 M €19,9 M €19,7 M €19,1 M €18,4 M €
Cash––––––––––10,4 k €28,9 k €6,1 k €7,3 k €73,2 k €66,3 k €
Debts36,3 k €165,6 k €97,5 k €66,3 k €39,1 k €7,8 k €136,2 k €115,7 k €108,8 k €183,2 k €156,8 k €87,3 k €39,1 k €12,6 k €48,3 k €68,3 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP–––––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 34 ended

Active mandates

Antoon Hermans

Director · since 23 septembre 2025 · until 23 septembre 2031

Active
Jozef Colruyt

Director · since 23 septembre 2025 · until 23 septembre 2031

Active
Willem Colruyt

Director · since 23 septembre 2025 · until 23 septembre 2031

Active

Ended mandates

Antoon Hermans

Director · since 24 septembre 2019 · until 23 septembre 2025

Ended
Jozef Colruyt

Director · since 24 septembre 2019 · until 23 septembre 2025

Ended
mazerine Partners

Managing director · since 24 septembre 2019 · until 23 septembre 2025 · 0862.242.304

Represented by Vliebergh Vincent

Ended
Piet Colruyt

Director · since 24 septembre 2019 · until 23 septembre 2025

Ended
At this address

Other companies at this address

CompanyCBE no.
COZIN FAMILY OFFICE● Active
0686.744.360
Eoly Coöperatie● Active
0647.562.496
Hyoffwind Infrastructure● Active
0775.857.171
KORYS● Active
0844.198.918
Korys Business Services II NV● Active
0450.623.396
KORYS BUSINESS SERVICES I NV● Active
0418.759.787
Korys Capital Galateia● Active
1018.078.247
Korys Capital GP● Active
1017.666.392
KORYS INVESTMENTS● Active
0871.963.979
KORYS MANAGEMENT● Active
0885.971.571
KORYS MANAGEMENT INVESTMENTS● Active
0798.820.437
KORYS REAL ESTATE● Active
0885.969.888
KORYS VAT● Active
0712.926.937
OLDA● Active
1018.711.618
Virya Renewables Poland● Active
1031.847.101
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/10/202523/10/202417/10/202314/10/202220/10/202122/10/2020
General meeting23/09/202524/09/202426/09/202320/09/202221/09/202129/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202523/09/202517/10/2025DutchPDF
Abridged model31/03/202424/09/202423/10/2024DutchPDF
Abridged model31/03/202326/09/202317/10/2023DutchPDF
Abridged model31/03/202220/09/202214/10/2022DutchPDF
Abridged model31/03/202121/09/202120/10/2021DutchPDF
Abridged model31/03/202029/09/202022/10/2020DutchPDF
Abridged model31/03/201924/09/201922/10/2019DutchPDF
Abridged model31/03/201825/09/201811/10/2018DutchPDF
Abridged model31/03/201726/09/201723/10/2017DutchPDF
Full model31/03/201620/09/201609/11/2016DutchPDF
Full model31/03/201522/09/201530/10/2015DutchPDF
Full model31/03/201423/09/201423/10/2014DutchPDF
Full model31/05/201328/10/201329/11/2013DutchPDF
Full model31/05/201209/11/201204/12/2012DutchPDF
Full model31/05/201124/10/201105/03/2012DutchPDF
Full model31/05/201018/10/201026/11/2010DutchPDF
Abridged model31/05/200919/10/200902/12/2009DutchPDF
Abridged model31/05/200820/10/200801/12/2008DutchPDF
Abridged model31/05/200722/10/200723/11/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/03/2025 · 3 active · 34 ended

Active mandates

Antoon Hermans

Director · since 23 septembre 2025 · until 23 septembre 2031

Active
Jozef Colruyt

Director · since 23 septembre 2025 · until 23 septembre 2031

Active
Willem Colruyt

Director · since 23 septembre 2025 · until 23 septembre 2031

Active

Ended mandates

Antoon Hermans

Director · since 24 septembre 2019 · until 23 septembre 2025

Ended
Jozef Colruyt

Director · since 24 septembre 2019 · until 23 septembre 2025

Ended
mazerine Partners

Managing director · since 24 septembre 2019 · until 23 septembre 2025 · 0862.242.304

Represented by Vliebergh Vincent

Ended
Piet Colruyt

Director · since 24 septembre 2019 · until 23 septembre 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates27/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/02/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares12/11/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates19/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/10/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025181,7 k €↓
  2. 2024
    Annual accounts 2024215,0 k €↑
  3. 2023
    Annual accounts 202324,4 k €↑
  4. 2022
    Annual accounts 2022-8,0 k €↓
  5. 2019
    Annual accounts 20193,5 k €↑
  6. 2018
    Annual accounts 2018107,3 €↓
  7. 2017
    Annual accounts 2017609,3 k €↑
  8. 2016
    Annual accounts 2016562,7 k €↓
  9. 2015
    Annual accounts 2015610,7 k €↓
  10. 2014
    Annual accounts 20142,8 M €↑
  11. 2013
    Annual accounts 2013547,9 k €↓
  12. 2011
    Annual accounts 2011707,7 k €↑
  13. 2010
    Annual accounts 2010231,4 k €↓
  14. 2009
    Annual accounts 2009663,8 k €↓
  15. 2008
    Annual accounts 2008691,8 k €↑
  16. 2007
    Annual accounts 2007495,8 k €
  17. 02/10/1981
    IncorporationPublic limited company