ACTIVE

KORATON

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Financial year 2025 · closed on 31/12/2025

Net result

2,6 M €

-7.0% YoY

Revenue

15,3 M €

+0.9% YoY

Equity

21,1 M €

+8.1% YoY

Workforce

41,2 ETP

-12.3% YoY

What does KORATON do?

KORATON is a Public limited company incorporated in 1983. Its registered office is in Kortrijk. It employs on average 41,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.217.424

Incorporation

08/07/1983

Legal form

Public limited company

Registered office

Visserskaai(Kor) 26
8500 Kortrijk · FlandreSee on map

Contributed capital

2 406 257,51 €

Latest accounts

31/12/2025

Average workforce

41,2 ETP

Joint committees (3)

11304
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2011		2010		2009		2008		2007		2006
Income statement
Revenue	15,3 M €	+0.9%	15,2 M €	-14.8%	17,8 M €	-1.9%	18,2 M €	+16.4%	15,6 M €	+14.8%	13,6 M €	+1.2%	13,4 M €	+5.2%	12,8 M €	+7.8%	11,8 M €	-0.1%	11,9 M €	+1.9%	11,6 M €	-3.8%	12,1 M €	+0.0%	12,1 M €	-1.0%	12,2 M €	+13.3%	10,8 M €	-9.5%	11,9 M €	-17.0%	14,3 M €	+2.3%	14 M €	+13.4%	12,3 M €
EBITDA	3,7 M €	-4.3%	3,9 M €	-10.4%	4,4 M €	+17.5%	3,7 M €	+8.7%	3,4 M €	+12.8%	3 M €	+0.6%	3 M €	+2.3%	3 M €	+4.5%	2,8 M €	+22.3%	2,3 M €	-24.2%	3 M €	-0.2%	3 M €	+2.7%	3 M €	-6.4%	3,2 M €	+5.7%	3 M €	-20.7%	3,8 M €	-13.4%	4,4 M €	+3.5%	4,2 M €	+5.7%	4 M €
Operating result	3,3 M €	-9.0%	3,7 M €	-11.0%	4,1 M €	+20.3%	3,4 M €	+8.0%	3,2 M €	+15.8%	2,7 M €	-0.8%	2,8 M €	+1.5%	2,7 M €	+11.4%	2,4 M €	+38.5%	1,8 M €	-29.1%	2,5 M €	-0.2%	2,5 M €	+10.0%	2,3 M €	-15.9%	2,7 M €	+9.5%	2,5 M €	-23.5%	3,2 M €	-19.9%	4 M €	+4.9%	3,8 M €	+3.3%	3,7 M €
Net result	2,6 M €	-7.0%	2,8 M €	-11.1%	3,1 M €	+26.6%	2,5 M €	+9.2%	2,3 M €	+14.4%	2 M €	+7.5%	1,8 M €	+0.4%	1,8 M €	+19.3%	1,5 M €	+42.4%	1,1 M €	-35.7%	1,7 M €	-1.8%	1,7 M €	+11.5%	1,5 M €	-23.7%	2 M €	+10.2%	1,8 M €	-23.5%	2,4 M €	-21.1%	3 M €	+8.6%	2,8 M €	+9.2%	2,5 M €
Balance sheet
Equity	21,1 M €	+8.1%	19,5 M €	+10.0%	17,8 M €	+13.6%	15,7 M €	+10.3%	14,2 M €	+9.7%	12,9 M €	+8.1%	12 M €	-40.6%	20,1 M €	+4.3%	19,3 M €	+2.8%	18,8 M €	+0.4%	18,7 M €	+3.7%	18 M €	+4.1%	17,3 M €	+0.1%	17,3 M €	+0.0%	17,3 M €	-1.1%	17,5 M €	+15.7%	15,1 M €	+24.9%	12,1 M €	+29.7%	9,3 M €
Total assets	23,8 M €	+7.6%	22,1 M €	-4.5%	23,2 M €	+22.1%	19 M €	+10.0%	17,3 M €	+9.4%	15,8 M €	-33.1%	23,6 M €	+4.9%	22,5 M €	+2.9%	21,9 M €	+0.6%	21,7 M €	+2.4%	21,2 M €	-3.4%	22 M €	+2.5%	21,4 M €	+0.5%	21,3 M €	-0.5%	21,4 M €	+7.4%	19,9 M €	+9.7%	18,2 M €	+22.0%	14,9 M €	+25.7%	11,8 M €
Cash	2,6 M €	+34.5%	1,9 M €	-71.6%	6,9 M €	+33.3%	5,1 M €	+6.3%	4,8 M €	-36.4%	7,6 M €	-54.1%	16,6 M €	+5.7%	15,7 M €	+1.9%	15,4 M €	+3.1%	14,9 M €	+3.3%	14,5 M €	+1.5%	14,2 M €	+5.0%	13,6 M €	-15.2%	16 M €	-1.3%	16,2 M €	+7.7%	15,1 M €	+22.3%	12,3 M €	+28.5%	9,6 M €	+48.7%	6,4 M €
Debts	2,7 M €	+3.8%	2,6 M €	-52.2%	5,4 M €	+62.3%	3,3 M €	+8.4%	3,1 M €	+7.8%	2,9 M €	-75.5%	11,6 M €	+393%	2,4 M €	-7.7%	2,6 M €	-6.0%	2,7 M €	+18.4%	2,3 M €	-31.9%	3,4 M €	+0.0%	3,4 M €	+3.9%	3,2 M €	-2.1%	3,3 M €	+98.8%	1,7 M €	-23.1%	2,2 M €	-0.9%	2,2 M €	-3.8%	2,3 M €
Other
Workforce	41,2 ETP	-12.3%	47,0 ETP	-7.8%	51,0 ETP	-0.8%	51,4 ETP	+10.1%	46,7 ETP	-3.5%	48,4 ETP	+1.9%	47,5 ETP	+7.2%	44,3 ETP	+1.4%	43,7 ETP	-1.4%	44,3 ETP	+8.6%	40,8 ETP	-2.2%	41,7 ETP	-3.0%	43,0 ETP	+3.1%	41,7 ETP	+3.5%	40,3 ETP	-6.3%	43,0 ETP	-0.5%	43,2 ETP	+13.4%	38,1 ETP	+17.6%	32,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 23 ended

Active mandates

Gauthier Lesage

Director · since 17 décembre 2025 · until 17 décembre 2031

Active

Franck Muller

Director · since 05 juillet 2023 · until 05 juillet 2029

Active

Remi Lesage

Director · since 05 juillet 2023 · until 17 décembre 2025

Active

Ronan Blanchard

Director · since 05 juillet 2023 · until 05 juillet 2029

Active

Ended mandates

Remi Lesage

Director · since 05 juillet 2023 · until 05 juillet 2029

Ended

Ivan Vansteenkiste

Director · since 01 juin 2022 · until 31 mai 2028

Ended

Jean-Marc Lesage

Director · since 13 janvier 2020 · until 01 juin 2022

Ended

Jean-Marc Lesage

Director · since 13 janvier 2020 · until 12 janvier 2026

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/07/2026	10/07/2025	16/07/2024	17/07/2023	06/07/2022	15/07/2021
General meeting	25/06/2026	26/06/2025	27/06/2024	22/06/2023	23/06/2022	24/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	25/06/2026	14/07/2026	Dutch	PDF
Full model	31/12/2024	26/06/2025	10/07/2025	Dutch	PDF
Full model	31/12/2023	27/06/2024	16/07/2024	Dutch	PDF
Full model	31/12/2022	22/06/2023	17/07/2023	Dutch	PDF
Full model	31/12/2021	23/06/2022	06/07/2022	Dutch	PDF
Full model	31/12/2020	24/06/2021	15/07/2021	Dutch	PDF
Full model	31/12/2019	20/06/2020	14/07/2020	Dutch	PDF
Full model	31/12/2018	22/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	23/06/2018	03/07/2018	Dutch	PDF
Full model	31/12/2016	24/06/2017	12/07/2017	Dutch	PDF
Full model	31/12/2015	25/06/2016	12/07/2016	Dutch	PDF
Full model	31/12/2014	27/06/2015	30/06/2015	Dutch	PDF
Full model	31/12/2013	28/06/2014	18/07/2014	Dutch	PDF
Full model	31/12/2012	29/06/2013	08/07/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	13/07/2012	Dutch	PDF
Full model	31/12/2010	11/06/2011	21/06/2011	Dutch	PDF
Full model	31/12/2009	11/06/2010	19/08/2010	Dutch	PDF
Full model	31/12/2008	09/06/2009	12/06/2009	Dutch	PDF
Full model	31/12/2007	28/06/2008	21/08/2008	Dutch	PDF
Full model	31/12/2006	28/06/2007	18/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 31/12/2025 · 4 active · 23 ended

Active mandates

Gauthier Lesage

Director · since 17 décembre 2025 · until 17 décembre 2031

Active

Franck Muller

Director · since 05 juillet 2023 · until 05 juillet 2029

Active

Remi Lesage

Director · since 05 juillet 2023 · until 17 décembre 2025

Active

Ronan Blanchard

Director · since 05 juillet 2023 · until 05 juillet 2029

Active

Ended mandates

Remi Lesage

Director · since 05 juillet 2023 · until 05 juillet 2029

Ended

Ivan Vansteenkiste

Director · since 01 juin 2022 · until 31 mai 2028

Ended

Jean-Marc Lesage

Director · since 13 janvier 2020 · until 01 juin 2022

Ended

Jean-Marc Lesage

Director · since 13 janvier 2020 · until 12 janvier 2026

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2019
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

2025
Annual accounts 20252,6 M €↓
2024
Annual accounts 20242,8 M €↓
2023
Annual accounts 20233,1 M €↑
2022
Annual accounts 20222,5 M €↑
2021
Annual accounts 20212,3 M €↑
2020
Annual accounts 20202 M €↑
2019
Annual accounts 20191,8 M €↑
2018
Annual accounts 20181,8 M €↑
2017
Annual accounts 20171,5 M €↑
2016
Annual accounts 20161,1 M €↓
2015
Annual accounts 20151,7 M €↓
2014
Annual accounts 20141,7 M €↑
2013
Annual accounts 20131,5 M €↓
2011
Annual accounts 20112 M €↑
2010
Annual accounts 20101,8 M €↓
2009
Annual accounts 20092,4 M €↓
2008
Annual accounts 20083 M €↑
2007
Annual accounts 20072,8 M €↑
2006
Annual accounts 20062,5 M €
08/07/1983
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

KORATON

Overview

What does KORATON do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline