ACTIVE

DE KORENAAR

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Financial year 2025 · closed on 31/12/2025

Net result

56,1 k €

+453.6% YoY

Gross margin

457,6 k €

+4.2% YoY

Equity

1,1 M €

+5.2% YoY

Workforce

7,3 ETP

-5.2% YoY

What does DE KORENAAR do?

DE KORENAAR is a Public limited company incorporated in 1988. Its main activity is: Manufacture of bread; manufacture of fresh pastry goods and cakes. Its registered office is in Lanaken. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0433.269.997

Incorporation

01/02/1988

Legal form

Public limited company

Registered office

Industrieweg 50
3620 Lanaken · FlandreSee on map

Contributed capital

73 105,29 €

Latest accounts

31/12/2025

Average workforce

7,3 ETP

Activities (NACE)

10711Manufacture of bread; manufacture of fresh pastry goods and cakes· main 10711Manufacture of bread; manufacture of fresh pastry goods and cakes 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 10712Manufacture of bread; manufacture of fresh pastry goods and cakes 15811Manufacture of leather and related products 15812Manufacture of leather and related products+4

Joint committees (3)

118
11803
201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	457,6 k €	+4.2%	439,1 k €	-6.8%	471 k €	-15.7%	558,8 k €	+14.0%	490,2 k €	+9.0%	449,6 k €	-0.2%	450,4 k €	-13.6%	521,5 k €	-28.4%	728,4 k €	-9.7%	806,8 k €	-5.2%	851,5 k €	-8.7%	932,7 k €	-0.1%	933,7 k €	-12.1%	1,1 M €	+23.3%	861,4 k €	-2.2%	881,1 k €	+0.7%	875 k €	-0.9%	882,7 k €	+3.6%	852,1 k €
EBITDA	89,5 k €	+123%	40,1 k €	-7.2%	43,2 k €	-72.5%	157,2 k €	+18.4%	132,8 k €	+22.6%	108,3 k €	+195%	36,7 k €	-52.1%	76,7 k €	-51.9%	159,4 k €	-22.1%	204,5 k €	-29.4%	289,6 k €	-10.7%	324,2 k €	+9.6%	295,9 k €	-25.2%	395,5 k €	+13.4%	348,9 k €	+9.4%	318,9 k €	+3.6%	307,9 k €	-1.8%	313,5 k €	+3.4%	303,2 k €
Operating result	72 k €	+209%	23,3 k €	-12.7%	26,7 k €	-81.0%	140,5 k €	+22.4%	114,8 k €	+25.7%	91,3 k €	+476%	15,9 k €	+446%	2,9 k €	-96.0%	72,8 k €	-18.1%	88,9 k €	-45.7%	163,6 k €	-8.9%	179,6 k €	+13.9%	157,7 k €	-38.2%	255,2 k €	+16.0%	219,9 k €	+22.6%	179,4 k €	+1.8%	176,1 k €	+5.0%	167,8 k €	+2.7%	163,3 k €
Net result	56,1 k €	+454%	10,1 k €	-21.2%	12,8 k €	-87.3%	100,8 k €	+24.7%	80,8 k €	+13.3%	71,3 k €	+469%	12,5 k €	+906%	-1,6 k €	-103%	52,4 k €	+14.0%	46 k €	-60.7%	116,9 k €	+7.8%	108,4 k €	+3.4%	104,9 k €	-39.4%	173,1 k €	+25.9%	137,5 k €	+23.1%	111,7 k €	-5.0%	117,5 k €	+11.0%	105,9 k €	+5.2%	100,7 k €
Balance sheet
Equity	1,1 M €	+5.2%	1,1 M €	+0.9%	1,1 M €	+1.2%	1,1 M €	+10.5%	960,5 k €	+9.2%	879,6 k €	+8.8%	808,3 k €	-44.4%	1,5 M €	-0.1%	1,5 M €	+3.7%	1,4 M €	+3.4%	1,4 M €	+9.4%	1,2 M €	+9.6%	1,1 M €	+10.2%	1 M €	+20.3%	853,7 k €	+19.2%	716,2 k €	+18.5%	604,6 k €	+13.6%	532 k €	+12.9%	471,1 k €
Total assets	1,3 M €	+3.1%	1,3 M €	-2.0%	1,3 M €	+5.6%	1,2 M €	+3.9%	1,2 M €	+11.1%	1,1 M €	+0.4%	1 M €	-39.3%	1,7 M €	-8.7%	1,9 M €	-0.4%	1,9 M €	-2.2%	1,9 M €	+0.6%	1,9 M €	-1.2%	1,9 M €	-0.5%	2 M €	+9.2%	1,8 M €	+8.9%	1,6 M €	+16.7%	1,4 M €	-5.7%	1,5 M €	+3.8%	1,4 M €
Cash	974,4 k €	+4.4%	933,1 k €	-1.2%	944,5 k €	+4.5%	903,8 k €	-0.2%	906,1 k €	+20.2%	753,8 k €	-2.1%	770,3 k €	+0.9%	763,7 k €	-11.1%	859 k €	+5.8%	811,8 k €	+11.0%	731,4 k €	+20.8%	605,5 k €	+4.8%	577,8 k €	+34.7%	429,1 k €	-0.5%	431 k €	+0.0%	431 k €	+118%	198 k €	-22.9%	257 k €	-0.5%	258,2 k €
Debts	147,6 k €	-10.6%	165,1 k €	-12.8%	189,3 k €	+31.4%	144 k €	-27.6%	198,9 k €	+22.7%	162,2 k €	-29.0%	228,5 k €	-13.0%	262,7 k €	-38.2%	425,4 k €	-12.5%	486 k €	-15.4%	574,2 k €	-15.5%	679,2 k €	-16.1%	809,7 k €	-12.3%	922,9 k €	-0.9%	931,2 k €	+1.0%	921,8 k €	+15.5%	798,3 k €	-16.6%	957,1 k €	-0.6%	963,2 k €
Other
Workforce	7,3 ETP	-5.2%	7,7 ETP	-12.5%	8,8 ETP	0.0%	8,8 ETP	0.0%	8,8 ETP	0.0%	8,8 ETP	-12.0%	10,0 ETP	-22.5%	12,9 ETP	-20.4%	16,2 ETP	-1.8%	16,5 ETP	0.0%	16,5 ETP	-2.4%	16,9 ETP	-12.4%	19,3 ETP	-10.2%	21,5 ETP	+30.3%	16,5 ETP	+1.2%	16,3 ETP	-1.2%	16,5 ETP	-9.3%	18,2 ETP	-7.6%	19,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 8 ended

Active mandates

Erwin MILISSEN

Director

Active

Jos Milissen

Director

Active

Jules Milissen

Managing director

Active

Monda Stouten

Managing director

Active

Ended mandates

Erwin MILISSEN

Director · since 21 décembre 2017 · until 28 décembre 2029

Ended

Jos MILISSEN

Director · since 21 décembre 2017 · until 28 décembre 2029

Ended

Jules MILISSEN

Managing director · since 21 décembre 2017 · until 28 décembre 2029

Ended

Monda STOUTEN

Managing director · since 21 décembre 2017 · until 28 décembre 2029

Ended

At this address

Other companies at this address

Company	CBE no.
ERJO● Active	0700.491.636
HK KEUKEN DESIGN● Active	0821.468.650

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	31/07/2026	14/07/2025	29/08/2024	05/10/2023	11/10/2022	30/09/2021
General meeting	15/06/2026	15/06/2025	15/06/2024	15/06/2023	15/06/2022	15/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	15/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	15/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	05/10/2023	Dutch	PDF
Abridged model	31/12/2021	15/06/2022	11/10/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	15/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	15/06/2019	31/07/2019	Dutch	PDF
Abridged model	31/12/2017	12/04/2018	12/04/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	05/07/2017	Dutch	PDF
Abridged model	31/12/2015	15/06/2016	23/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	26/08/2015	Dutch	PDF
Abridged model	31/12/2013	15/06/2014	19/06/2014	Dutch	PDF
Abridged model	31/12/2012	15/06/2013	09/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	20/08/2012	Dutch	PDF
Abridged model	31/12/2010	15/06/2011	22/08/2011	Dutch	PDF
Abridged model	31/12/2009	15/06/2010	30/09/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	13/08/2009	Dutch	PDF
Abridged modelCorrection	31/12/2007	15/06/2008	21/10/2008	Dutch	PDF
Abridged model	31/12/2007	15/06/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 8 ended

Active mandates

Erwin MILISSEN

Director

Active

Jos Milissen

Director

Active

Jules Milissen

Managing director

Active

Monda Stouten

Managing director

Active

Ended mandates

Erwin MILISSEN

Director · since 21 décembre 2017 · until 28 décembre 2029

Ended

Jos MILISSEN

Director · since 21 décembre 2017 · until 28 décembre 2029

Ended

Jules MILISSEN

Managing director · since 21 décembre 2017 · until 28 décembre 2029

Ended

Monda STOUTEN

Managing director · since 21 décembre 2017 · until 28 décembre 2029

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring08/08/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/06/2018
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates05/01/2018
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other14/02/2013
DOEL - ALGEMENE VERGADERING
PDF
Other10/01/2012
ALGEMENE VERGADERING
PDF
Mandates27/03/2006
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares25/03/2004
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - DIVERSEN
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 202556,1 k €↑
2024
Annual accounts 202410,1 k €↓
2023
Annual accounts 202312,8 k €↓
2022
Annual accounts 2022100,8 k €↑
2021
Annual accounts 202180,8 k €↑
2020
Annual accounts 202071,3 k €↑
2019
Annual accounts 201912,5 k €↑
2017
Annual accounts 2017-1,6 k €↓
2016
Annual accounts 201652,4 k €↑
2015
Annual accounts 201546 k €↓
2014
Annual accounts 2014116,9 k €↑
2013
Annual accounts 2013108,4 k €↑
2012
Annual accounts 2012104,9 k €↓
2011
Annual accounts 2011173,1 k €↑
2010
Annual accounts 2010137,5 k €↑
2009
Annual accounts 2009111,7 k €↓
2008
Annual accounts 2008117,5 k €↑
2007
Annual accounts 2007105,9 k €↑
2006
Annual accounts 2006100,7 k €
01/02/1988
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

DE KORENAAR

Overview

What does DE KORENAAR do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

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