ACTIVE

KORAY

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Financial year 2024 · closed on 31/12/2024

Net result

-3,4 k €

-112.7% YoY

Gross margin

2,6 k €

-94.2% YoY

Equity

134,4 k €

-2.4% YoY

What does KORAY do?

KORAY is a Private limited company incorporated in 2002. Its main activity is: Agents involved in the sale of food, beverages and tobacco. Its registered office is in Evere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0478.380.343

Incorporation

23/09/2002

Legal form

Private limited company

Registered office

Rue Saint-Vincent 7
1140 Evere · BruxellesSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Activities (NACE)

46170Agents involved in the sale of food, beverages and tobacco· main 49410Freight transport by road 46349Wholesale of beverages 52210Service activities incidental to land transportation

Signals

Solid equityLow riskGood liquidityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	2,6 k €	-94.2%	43,8 k €	+442%	8,1 k €	-75.8%	33,5 k €	-46.9%	63,1 k €	+97.9%	31,9 k €	+6.0%	30,1 k €	-5.3%	31,8 k €	-36.7%	50,2 k €	+34.8%	37,2 k €	-13.6%	43,1 k €	+909%	-5,3 k €	-111%	46,9 k €	+15.3%	40,7 k €	+1474%	-3 k €	-106%	51,7 k €	+29.1%	40,1 k €	+57.4%	25,5 k €	-0.3%	25,5 k €
EBITDA	2,1 k €	-95.1%	42,7 k €	+509%	7 k €	-4.6%	7,4 k €	-83.5%	44,5 k €	+379%	9,3 k €	+29.0%	7,2 k €	-13.9%	8,4 k €	-62.5%	22,3 k €	-30.2%	32 k €	-21.7%	40,8 k €	+340%	-17 k €	-137%	46 k €	+24.5%	36,9 k €	+1020%	-4 k €	-108%	51,2 k €	+28.7%	39,8 k €	+67.9%	23,7 k €	-5.0%	25 k €
Operating result	393,6 €	-99.0%	39,9 k €	+829%	4,3 k €	-12.9%	4,9 k €	-88.4%	42,7 k €	+598%	6,1 k €	+68.5%	3,6 k €	-24.3%	4,8 k €	-75.2%	19,3 k €	-31.9%	28,3 k €	-23.5%	37,1 k €	+252%	-24,3 k €	-179%	30,8 k €	+65.8%	18,6 k €	+183%	-22,4 k €	-158%	38,8 k €	+15.1%	33,7 k €	+142%	13,9 k €	-21.0%	17,6 k €
Net result	-3,4 k €	-113%	26,5 k €	+803%	2,9 k €	+16.0%	2,5 k €	-90.2%	25,7 k €	+841%	2,7 k €	+110%	1,3 k €	+3.6%	1,3 k €	-89.1%	11,5 k €	-43.8%	20,5 k €	-37.5%	32,7 k €	+220%	-27,3 k €	-196%	28,3 k €	+256%	-18,2 k €	+29.0%	-25,6 k €	-182%	31,3 k €	+15.8%	27 k €	+183%	9,6 k €	-10.8%	10,7 k €
Balance sheet
Equity	134,4 k €	-2.4%	137,7 k €	+23.8%	111,3 k €	+2.7%	108,3 k €	+2.4%	105,8 k €	+32.0%	80,2 k €	+3.5%	77,4 k €	+1.7%	76,1 k €	+8.0%	70,5 k €	+38.3%	51 k €	+67.2%	30,5 k €	+1458%	-2,2 k €	-109%	25 k €	+865%	-3,3 k €	-122%	14,9 k €	-63.2%	40,5 k €	+38.8%	29,1 k €	+31.8%	22,1 k €	+2.6%	21,6 k €
Total assets	361,3 k €	+72.4%	209,5 k €	+44.8%	144,7 k €	-3.8%	150,5 k €	-38.8%	245,8 k €	+77.9%	138,2 k €	+63.1%	84,8 k €	-10.7%	94,9 k €	-8.5%	103,7 k €	+42.6%	72,7 k €	+13.3%	64,2 k €	-58.2%	153,5 k €	-14.5%	179,4 k €	+7.3%	167,2 k €	-10.6%	187 k €	-15.3%	220,7 k €	+53.0%	144,3 k €	-25.8%	194,4 k €	+14.1%	170,4 k €
Cash	147,8 k €	+92.0%	77 k €	+152%	30,5 k €	-52.5%	64,3 k €	-64.0%	178,5 k €	+512%	29,2 k €	+262%	8,1 k €	-28.1%	11,2 k €	-60.8%	28,6 k €	+0.5%	28,4 k €	+169%	10,6 k €	+355%	2,3 k €	-88.6%	20,4 k €	+216%	6,5 k €	+269%	1,7 k €	-86.3%	12,8 k €	-17.1%	15,4 k €	-31.1%	22,4 k €	-28.1%	31,2 k €
Debts	224,8 k €	+213%	71,8 k €	+128%	31,5 k €	-25.2%	42,1 k €	-69.9%	140 k €	+141%	58 k €	+693%	7,3 k €	-60.9%	18,7 k €	-43.6%	33,2 k €	+59.1%	20,9 k €	-36.1%	32,7 k €	-79.0%	155,8 k €	+0.9%	154,4 k €	-9.4%	170,5 k €	-1.0%	172,1 k €	-4.5%	180,3 k €	+56.5%	115,2 k €	-33.2%	172,3 k €	+15.7%	148,8 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 8 ended

Active mandates

Mukaddes ARIK

Director · since 23 octobre 2023

Active

Ended mandates

Gulnur KIR

Manager · since 01 mars 2016

Ended

Jan Robert Van Lierde

Manager · since 25 octobre 2013

Ended

Kemal Camsari

Manager · since 25 octobre 2013

Ended

Kemal Camsari

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Librairie Saint-Vincent● Active	1032.809.478

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/10/2025	03/10/2024	03/10/2023	17/10/2022	15/11/2021	22/01/2021
General meeting	10/06/2025	11/06/2024	13/06/2023	14/06/2022	08/06/2021	30/06/2020
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
Micro model	31/12/2024	10/06/2025	09/10/2025	French	PDF
Micro model	31/12/2023	11/06/2024	03/10/2024	French	PDF
Micro model	31/12/2022	13/06/2023	03/10/2023	French	PDF
Micro model	31/12/2021	14/06/2022	17/10/2022	French	PDF
Micro model	31/12/2020	08/06/2021	15/11/2021	French	PDF
Micro model	31/12/2019	30/06/2020	22/01/2021	French	PDF
Micro model	31/12/2018	30/06/2019	10/10/2019	French	PDF
Micro model	31/12/2017	30/06/2018	01/10/2018	French	PDF
Micro model	31/12/2016	30/06/2017	05/10/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	30/08/2016	French	PDF
Abridged modelCorrection	31/12/2014	05/03/2016	08/03/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	15/09/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	01/08/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	28/09/2012	French	PDF
Abridged model	31/12/2010	23/06/2011	24/10/2011	French	PDF
Abridged model	31/12/2009	24/06/2010	04/11/2010	French	PDF
Abridged model	31/12/2008	25/06/2009	23/11/2009	French	PDF
Abridged model	31/12/2007	26/06/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	28/06/2007	27/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

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 31/12/2024 · 1 active · 8 ended

Active mandates

Mukaddes ARIK

Director · since 23 octobre 2023

Active

Ended mandates

Gulnur KIR

Manager · since 01 mars 2016

Ended

Jan Robert Van Lierde

Manager · since 25 octobre 2013

Ended

Kemal Camsari

Manager · since 25 octobre 2013

Ended

Kemal Camsari

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/10/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates27/07/2018
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates14/03/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates08/02/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates31/03/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates20/03/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates26/11/2013
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 2024-3,4 k €↓
2023
Annual accounts 202326,5 k €↑
2022
Annual accounts 20222,9 k €↑
2021
Annual accounts 20212,5 k €↓
2020
Annual accounts 202025,7 k €↑
2019
Annual accounts 20192,7 k €↑
2018
Annual accounts 20181,3 k €↑
2017
Annual accounts 20171,3 k €↓
2016
Annual accounts 201611,5 k €↓
2015
Annual accounts 201520,5 k €↓
2014
Annual accounts 201432,7 k €↑
2013
Annual accounts 2013-27,3 k €↓
2012
Annual accounts 201228,3 k €↑
2011
Annual accounts 2011-18,2 k €↑
2010
Annual accounts 2010-25,6 k €↓
2009
Annual accounts 200931,3 k €↑
2008
Annual accounts 200827 k €↑
2007
Annual accounts 20079,6 k €↓
2006
Annual accounts 200610,7 k €
23/09/2002
IncorporationPrivate 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

KORAY

Overview

What does KORAY 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