NORMAL SITUATION

KORIMCO

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Financial year 2021 · closed on 31/12/2021

Net result

798,5 k €

+190.4% YoY

Revenue

2,5 M €

+70.6% YoY

Equity

12,3 M €

+7.0% YoY

Company — Normal situation.

What does KORIMCO do?

KORIMCO is a company registered in Belgium.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.089.126

Legal form

Public limited company

Contributed capital

9 500 000,00 €

Latest accounts

31/12/2021

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	2,5 M €	+70.6%	1,5 M €	-0.5%	1,5 M €	+7.9%	1,4 M €	-3.2%	1,4 M €	+8.6%	1,3 M €	-22.5%	1,7 M €	+56.7%	1,1 M €	-68.4%	3,4 M €	+142%	1,4 M €	-54.1%	3,1 M €	+138%	1,3 M €	+53.0%	846,3 k €	+109%	405,8 k €	-58.4%	975,4 k €	+63.8%	595,4 k €
EBITDA	2 M €	+61.0%	1,3 M €	+1.5%	1,3 M €	+6.5%	1,2 M €	-37.3%	1,9 M €	+59.4%	1,2 M €	-8.3%	1,3 M €	+43.3%	894,5 k €	-63.6%	2,5 M €	+78.6%	1,4 M €	-25.2%	1,8 M €	+49.4%	1,2 M €	+47.6%	834,1 k €	+241%	244,5 k €	-34.0%	370,5 k €	+4.1%	355,8 k €
Operating result	1,2 M €	+184%	422 k €	+4.6%	403,4 k €	+23.4%	326,9 k €	-68.1%	1 M €	+289%	263,3 k €	-28.9%	370,2 k €	+10311%	-3,6 k €	-100%	1,6 M €	+235%	475,1 k €	-54.8%	1,1 M €	+9.0%	963,9 k €	+50.4%	641,1 k €	+472%	112,2 k €	-53.5%	241,1 k €	-5.4%	254,8 k €
Net result	798,5 k €	+190%	275 k €	+21.4%	226,6 k €	+91.4%	118,4 k €	-86.6%	882 k €	+631%	120,6 k €	-71.1%	417,2 k €	-57.1%	971,6 k €	-67.5%	3 M €	+2964%	97,6 k €	-96.6%	2,9 M €	+2013%	136,9 k €	-75.6%	562,1 k €	+400%	-187,3 k €	-138%	495,3 k €	+5549%	-9,1 k €
Balance sheet
Equity	12,3 M €	+7.0%	11,5 M €	+2.5%	11,2 M €	+2.1%	11 M €	-46.1%	20,4 M €	+4.5%	19,5 M €	+0.6%	19,4 M €	+2.2%	18,9 M €	+5.4%	18 M €	+20.0%	15 M €	+0.7%	14,9 M €	+24.1%	12 M €	+1.2%	11,8 M €	+5.0%	11,3 M €	-1.6%	11,5 M €	+4.5%	11 M €
Total assets	18,3 M €	+1.8%	18 M €	-2.2%	18,4 M €	-35.7%	28,7 M €	-1.6%	29,1 M €	+0.9%	28,9 M €	-1.8%	29,4 M €	+2.2%	28,7 M €	+2.7%	28 M €	-9.7%	31 M €	-3.2%	32 M €	+10.6%	28,9 M €	-2.9%	29,8 M €	+7.3%	27,8 M €	+8.8%	25,5 M €	+9.2%	23,4 M €
Cash	492,5 k €	+130%	214,3 k €	+599%	30,7 k €	-49.5%	60,7 k €	-35.2%	93,7 k €	+109%	44,9 k €	+382%	9,3 k €	-40.2%	15,6 k €	-59.5%	38,5 k €	+4159%	904 €	-98.2%	51,1 k €	+53.4%	33,3 k €	+32.5%	25,1 k €	+26.0%	19,9 k €	+11.7%	17,9 k €	+17.8%	15,2 k €
Debts	6 M €	-7.3%	6,4 M €	-9.4%	7,1 M €	-59.3%	17,5 M €	+107%	8,4 M €	-6.8%	9,1 M €	-7.4%	9,8 M €	+2.5%	9,5 M €	-2.1%	9,8 M €	-38.2%	15,8 M €	-6.8%	16,9 M €	+0.2%	16,9 M €	-5.6%	17,9 M €	+8.8%	16,5 M €	+17.1%	14 M €	+13.4%	12,4 M €

Governance

Board of directors

Seen on filing of 31/12/2021 · 2 active · 35 ended

Active mandates

OLIVER Management Consulting

Director · since 01 mars 2021 · until 09 juin 2023 · 0693.879.305

Represented by Bart Vermeulen

Active

BERT WEEMAES

Managing director · since 19 juin 2020 · until 09 juin 2023 · 0537.167.687

Represented by Bert Weemaes

Active

Ended mandates

VINCEMMA

Director · since 19 juin 2020 · until 01 mars 2021 · 0633.819.279

Represented by Vincent Macharis

Ended

Veerle Vercaigne

Director · since 02 septembre 2019 · until 19 juin 2020

Ended

Veerle Vercaigne

Director · since 02 septembre 2019 · until 10 juin 2022

Ended

BERT WEEMAES

Managing director · since 28 février 2017 · until 19 juin 2020 · 0537.167.687

Represented by Bert Weemaes

Ended

Annual accounts

Full financial information

	2021	2020	2019	2018	2017	2016
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017	01/01/2016
Closing of the financial year	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017	31/12/2016
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	05/07/2022	29/06/2021	15/07/2020	18/06/2019	25/06/2018	06/07/2017
General meeting	10/06/2022	11/06/2021	19/06/2020	14/06/2019	08/06/2018	09/06/2017
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2021	10/06/2022	05/07/2022	Dutch	PDF
Full model	31/12/2020	11/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	19/06/2020	15/07/2020	Dutch	PDF
Full model	31/12/2018	14/06/2019	18/06/2019	Dutch	PDF
Full model	31/12/2017	08/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	09/06/2017	06/07/2017	Dutch	PDF
Full model	31/12/2015	10/06/2016	30/06/2016	Dutch	PDF
Full model	31/12/2014	12/06/2015	23/06/2015	Dutch	PDF
Full model	31/12/2013	13/06/2014	27/06/2014	Dutch	PDF
Full model	31/12/2012	14/06/2013	15/07/2013	Dutch	PDF
Full model	31/12/2011	08/06/2012	29/06/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	27/06/2011	Dutch	PDF
Full model	31/12/2009	11/06/2010	14/06/2010	Dutch	PDF
Full model	31/12/2008	12/06/2009	22/06/2009	Dutch	PDF
Full model	31/12/2007	13/06/2008	04/07/2008	Dutch	PDF
Full model	31/12/2006	08/06/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2021 · 2 active · 35 ended

Active mandates

OLIVER Management Consulting

Director · since 01 mars 2021 · until 09 juin 2023 · 0693.879.305

Represented by Bart Vermeulen

Active

BERT WEEMAES

Managing director · since 19 juin 2020 · until 09 juin 2023 · 0537.167.687

Represented by Bert Weemaes

Active

Ended mandates

VINCEMMA

Director · since 19 juin 2020 · until 01 mars 2021 · 0633.819.279

Represented by Vincent Macharis

Ended

Veerle Vercaigne

Director · since 02 septembre 2019 · until 19 juin 2020

Ended

Veerle Vercaigne

Director · since 02 septembre 2019 · until 10 juin 2022

Ended

BERT WEEMAES

Managing director · since 28 février 2017 · until 19 juin 2020 · 0537.167.687

Represented by Bert Weemaes

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution25/01/2022
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ... - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring22/11/2021
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates08/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/09/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/02/2015
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

2021
Annual accounts 2021798,5 k €↑
2020
Annual accounts 2020275 k €↑
2019
Annual accounts 2019226,6 k €↑
2018
Annual accounts 2018118,4 k €↓
2017
Annual accounts 2017882 k €↑
2016
Annual accounts 2016120,6 k €↓
2015
Annual accounts 2015417,2 k €↓
2014
Annual accounts 2014971,6 k €↓
2013
Annual accounts 20133 M €↑
2012
Annual accounts 201297,6 k €↓
2011
Annual accounts 20112,9 M €↑
2010
Annual accounts 2010136,9 k €↓
2009
Annual accounts 2009562,1 k €↑
2008
Annual accounts 2008-187,3 k €↓
2007
Annual accounts 2007495,3 k €↑
2006
Annual accounts 2006-9,1 k €

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

KORIMCO

Overview

What does KORIMCO do?

Trend over 16 financial years

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