ACTIVE

KORAGE

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Financial year 2025 · closed on 31/12/2025

Net result

215,7 k €

-15.1% YoY

Gross margin

1,6 M €

-4.4% YoY

Equity

1,2 M €

+10.9% YoY

Workforce

20,1 ETP

0.0% YoY

What does KORAGE do?

KORAGE is a Private company with limited liability incorporated in 2001. Its registered office is in Oudsbergen. It employs on average 20,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.768.478

Incorporation

09/05/2001

Legal form

Private company with limited liability

Registered office

Weg naar Opoeteren 107 box 3
3660 Oudsbergen · FlandreSee on map

Contributed capital

25 000,00 €

Latest accounts

31/12/2025

Average workforce

20,1 ETP

Joint committees (2)

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	1,6 M €	-4.4%	1,6 M €	+9.3%	1,5 M €	+2.5%	1,5 M €	+27.0%	1,2 M €	+26.6%	910 k €	-8.2%	991,5 k €	+10.8%	894,7 k €	+24.4%	719,5 k €	-3.0%	741,9 k €	-16.3%	886,7 k €	+12.2%	790 k €	+15.3%	685,3 k €	+13.0%	606,3 k €	-1.2%	613,4 k €	+15.4%	531,6 k €	+23.2%	431,4 k €	+54.4%	279,4 k €	+17.3%	238,2 k €	+34.5%	177,1 k €
EBITDA	337,5 k €	-12.5%	385,8 k €	+20.7%	319,7 k €	-29.9%	456,1 k €	+173%	166,9 k €	+2.4%	162,9 k €	-36.3%	255,7 k €	-7.9%	277,7 k €	-14.0%	322,9 k €	+59.0%	203,1 k €	-36.5%	319,9 k €	+35.0%	236,9 k €	+20.3%	197 k €	+12.1%	175,7 k €	-25.8%	236,8 k €	+20.6%	196,4 k €	+16.5%	168,5 k €	+69.5%	99,4 k €	-11.8%	112,7 k €	+44.3%	78,1 k €
Operating result	267,1 k €	-15.7%	317 k €	+16.9%	271,2 k €	-34.1%	411,3 k €	+231%	124,4 k €	+11.0%	112 k €	-39.2%	184,3 k €	-5.5%	195,1 k €	-17.8%	237,4 k €	+150%	94,8 k €	-52.9%	201,4 k €	+48.8%	135,3 k €	+28.1%	105,6 k €	+57.3%	67,2 k €	-43.9%	119,7 k €	+42.7%	83,9 k €	-0.8%	84,6 k €	+201%	28,1 k €	-45.1%	51,2 k €	+26.4%	40,5 k €
Net result	215,7 k €	-15.1%	254,1 k €	+13.7%	223,5 k €	-32.9%	332,9 k €	+245%	96,4 k €	-8.7%	105,6 k €	-28.0%	146,7 k €	+16.8%	125,6 k €	-14.1%	146,2 k €	+142%	60,5 k €	-44.4%	108,8 k €	+10.4%	98,6 k €	+43.4%	68,8 k €	+104%	33,7 k €	-51.6%	69,7 k €	+30.2%	53,5 k €	-11.7%	60,6 k €	+123%	27,2 k €	-25.7%	36,5 k €	+5.6%	34,6 k €
Balance sheet
Equity	1,2 M €	+10.9%	1,1 M €	-8.0%	1,2 M €	+6.8%	1,1 M €	+20.4%	898,3 k €	+12.0%	801,9 k €	+15.2%	696,3 k €	0.0%	696,3 k €	+22.0%	570,7 k €	-27.4%	786,1 k €	+8.3%	725,6 k €	+17.6%	616,8 k €	+19.0%	518,2 k €	+7.0%	484,3 k €	+7.5%	450,6 k €	+18.3%	380,9 k €	+16.4%	327,4 k €	+18.4%	276,5 k €	+10.9%	249,4 k €	+17.2%	212,8 k €
Total assets	1,7 M €	-4.8%	1,8 M €	+0.1%	1,8 M €	+13.4%	1,6 M €	+8.8%	1,4 M €	+1.9%	1,4 M €	+24.8%	1,1 M €	-8.9%	1,2 M €	-16.5%	1,5 M €	+13.6%	1,3 M €	+10.1%	1,2 M €	+8.6%	1,1 M €	+10.6%	995,9 k €	-8.2%	1,1 M €	+1.9%	1,1 M €	+2.9%	1 M €	+35.5%	764,4 k €	-1.8%	778,8 k €	+2.9%	756,8 k €	+110%	360,2 k €
Cash	706,4 k €	+0.6%	702,5 k €	+3.1%	681,3 k €	-5.6%	722,1 k €	+25.2%	576,9 k €	-3.0%	594,9 k €	+5.6%	563,4 k €	+6.8%	527,6 k €	-37.1%	839,2 k €	+77.3%	473,3 k €	+48.4%	318,9 k €	+38.1%	230,9 k €	+4.8%	220,4 k €	+155%	86,4 k €	-49.6%	171,5 k €	+42.8%	120,1 k €	-59.8%	298,7 k €	+1251%	22,1 k €	-69.1%	71,5 k €	-40.4%	120 k €
Debts	520,1 k €	-28.5%	727,1 k €	+14.9%	632,7 k €	+27.9%	494,7 k €	-9.2%	544,9 k €	-12.0%	619,1 k €	+40.0%	442,1 k €	-19.1%	546,5 k €	-40.7%	921,1 k €	+75.8%	524 k €	+14.8%	456,5 k €	-3.0%	470,7 k €	+0.1%	470,4 k €	-20.4%	591,3 k €	-2.3%	605,4 k €	-7.5%	654,6 k €	+49.8%	437 k €	-13.0%	502,2 k €	-1.0%	507,4 k €	+244%	147,4 k €
Other
Workforce	20,1 ETP	0.0%	20,1 ETP	-1.0%	20,3 ETP	+11.5%	18,2 ETP	-0.5%	18,3 ETP	+18.8%	15,4 ETP	+10.8%	13,9 ETP	0.0%	13,9 ETP	+21.9%	11,4 ETP	0.0%	11,4 ETP	-6.6%	12,2 ETP	+7.0%	11,4 ETP	+16.3%	9,8 ETP	+10.1%	8,9 ETP	+12.7%	7,9 ETP	+2.6%	7,7 ETP	+24.2%	6,2 ETP	+19.2%	5,2 ETP	+30.0%	4,0 ETP	+37.9%	2,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 9 ended

Active mandates

GINOX

Director · since 16 novembre 2021 · 0775.763.636

Represented by Claessens Raf

Active

Ended mandates

GINOX

Director · since 01 janvier 2022 · 0775.763.636

Represented by Claessens RAF

Ended

ACCENT - INTERIEUR

Director · since 04 mai 2020 · 0476.971.467

Represented by Vermeulen PASCAL

Ended

KOEN EYGEMANS

Manager · since 30 mars 2009

Ended

PETER RAMAEKERS

Manager · since 30 mars 2009

Ended

At this address

Other companies at this address

Company	CBE no.
Korage Immo● Active	1029.843.258

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	25/06/2026	10/04/2025	22/04/2024	24/04/2023	27/06/2022	29/06/2021
General meeting	01/06/2026	31/03/2025	29/03/2024	31/03/2023	24/06/2022	25/06/2021
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
Abridged model	31/12/2025	01/06/2026	25/06/2026	Dutch	PDF
Abridged model	31/12/2024	31/03/2025	10/04/2025	Dutch	PDF
Abridged model	31/12/2023	29/03/2024	22/04/2024	Dutch	PDF
Abridged model	31/12/2022	31/03/2023	24/04/2023	Dutch	PDF
Abridged model	31/12/2021	24/06/2022	27/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	27/04/2020	03/06/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	19/07/2018	Dutch	PDF
Abridged model	31/03/2017	30/09/2017	30/10/2017	Dutch	PDF
Abridged model	31/03/2016	06/09/2016	31/10/2016	Dutch	PDF
Abridged model	31/03/2015	01/09/2015	27/11/2015	Dutch	PDF
Abridged model	31/03/2014	02/09/2014	31/10/2014	Dutch	PDF
Abridged model	31/03/2013	03/09/2013	24/10/2013	Dutch	PDF
Abridged model	31/03/2012	04/09/2012	30/10/2012	Dutch	PDF
Abridged model	31/03/2011	06/09/2011	27/10/2011	Dutch	PDF
Abridged model	31/03/2010	07/09/2010	30/09/2010	Dutch	PDF
Abridged model	31/03/2009	01/09/2009	30/09/2009	Dutch	PDF
Abridged model	30/04/2008	01/07/2008	14/11/2008	Dutch	PDF
Abridged model	30/04/2007	03/07/2007	17/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 1 active · 9 ended

Active mandates

GINOX

Director · since 16 novembre 2021 · 0775.763.636

Represented by Claessens Raf

Active

Ended mandates

GINOX

Director · since 01 janvier 2022 · 0775.763.636

Represented by Claessens RAF

Ended

ACCENT - INTERIEUR

Director · since 04 mai 2020 · 0476.971.467

Represented by Vermeulen PASCAL

Ended

KOEN EYGEMANS

Manager · since 30 mars 2009

Ended

PETER RAMAEKERS

Manager · since 30 mars 2009

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates10/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/05/2020
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares09/01/2018
KAPITAAL - AANDELEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares08/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other16/12/2010
BENAMING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/04/2009
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Mandates01/08/2007
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 2025215,7 k €↓
2024
Annual accounts 2024254,1 k €↑
2023
Annual accounts 2023223,5 k €↓
2022
Annual accounts 2022332,9 k €↑
2021
Annual accounts 202196,4 k €↓
2020
Annual accounts 2020105,6 k €↓
2019
Annual accounts 2019146,7 k €↑
2018
Annual accounts 2018125,6 k €↓
2017
Annual accounts 2017146,2 k €↑
2017
Annual accounts 201760,5 k €↓
2016
Annual accounts 2016108,8 k €↑
2015
Annual accounts 201598,6 k €↑
2014
Annual accounts 201468,8 k €↑
2013
Annual accounts 201333,7 k €↓
2012
Annual accounts 201269,7 k €↑
2011
Annual accounts 201153,5 k €↓
2010
Annual accounts 201060,6 k €↑
2009
Annual accounts 200927,2 k €↓
2008
Annual accounts 200836,5 k €↑
2007
Annual accounts 200734,6 k €
09/05/2001
IncorporationPrivate company with limited liability

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

KORAGE

Overview

What does KORAGE do?

Trend over 20 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