ACTIVE

KORESTATE

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Financial year 2025 · closed on 31/12/2025
Net result
1,7 M €
-44.6% YoY
Gross margin
1,6 M €
-72.3% YoY
Equity
28,2 M €
+5.8% YoY
Workforce
1,0 ETP
0.0% YoY

What does KORESTATE do?

KORESTATE is a Private limited company incorporated in 2015. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Kortrijk. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0627.721.345
Incorporation
31/03/2015
Legal form
Private limited company
Registered office
President Kennedypark(Kor) 16B
8500 Kortrijk · FlandreSee on map
Contributed capital
320 990,91 €
Latest accounts
31/12/2025
Average workforce
1,0 ETP
Activities (NACE)
68203Rental and operating of own or leased real estate· main68203Rental and operating of own or leased real estate
Joint committees (2)
  • 323
  • 3230
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 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin1,6 M €5,6 M €2,4 M €1,7 M €7,3 M €1,5 M €1,9 M €1,9 M €1,9 M €3,8 M €
EBITDA1,2 M €5,3 M €2 M €1,5 M €6,9 M €1,7 M €1,9 M €1,7 M €1,5 M €3,4 M €
Operating result791,8 k €4,7 M €1,7 M €1 M €6,1 M €1,2 M €1,4 M €1,4 M €1,3 M €2,7 M €
Net result1,7 M €3 M €2,4 M €1,1 M €4,9 M €895 k €1,4 M €437,2 k €1 M €2,9 M €
Balance sheet
Equity28,2 M €26,7 M €24,1 M €21,8 M €20,6 M €15,8 M €14,9 M €13,3 M €12,9 M €12 M €
Total assets31,7 M €30,7 M €27,7 M €25,7 M €25 M €18,7 M €19,1 M €18,3 M €18,1 M €17,9 M €
Cash856,1 k €424,7 k €943,2 k €1,9 M €5,3 M €1,3 M €973,8 k €2,2 M €2 M €2,1 M €
Debts3,2 M €3,8 M €3,3 M €3,8 M €4,3 M €2,7 M €3 M €3,5 M €3,7 M €4,4 M €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP0,6 ETP0,8 ETP1,0 ETP0,9 ETP0,3 ETP–0,3 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 · 2 active · 6 ended

Active mandates

BRUNO VANACKERE

Director · since 23 octobre 2023

Active
JACQUES VANACKERE

Director · since 23 octobre 2023

Active

Ended mandates

Bruno VANACKERE

Manager · since 01 janvier 2016

Ended
BRUNO VANACKERE

Director · since 01 janvier 2016

Ended
Jacques Vanackere

Director · since 01 janvier 2015

Ended
Jacques VANACKERE

Manager · since 01 janvier 2015

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202627/06/202511/07/202427/06/202306/07/202209/07/2021
General meeting01/06/202602/06/202517/06/202405/06/202307/06/202214/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202629/06/2026DutchPDF
Abridged model31/12/202402/06/202527/06/2025DutchPDF
Abridged model31/12/202317/06/202411/07/2024DutchPDF
Abridged model31/12/202205/06/202327/06/2023DutchPDF
Abridged model31/12/202107/06/202206/07/2022DutchPDF
Abridged model31/12/202014/06/202109/07/2021DutchPDF
Abridged model31/12/201901/08/202031/08/2020DutchPDF
Abridged model31/12/201830/06/201928/08/2019DutchPDF
Abridged modelCorrection31/12/201730/06/201819/08/2019DutchPDF
Abridged model31/12/201730/06/201819/07/2018DutchPDF
Abridged model30/12/201606/06/201705/07/2017DutchPDF
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 · 2 active · 6 ended

Active mandates

BRUNO VANACKERE

Director · since 23 octobre 2023

Active
JACQUES VANACKERE

Director · since 23 octobre 2023

Active

Ended mandates

Bruno VANACKERE

Manager · since 01 janvier 2016

Ended
BRUNO VANACKERE

Director · since 01 janvier 2016

Ended
Jacques Vanackere

Director · since 01 janvier 2015

Ended
Jacques VANACKERE

Manager · since 01 janvier 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates20/11/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office17/04/2018
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other24/01/2018
    BOEKJAAR
    PDF
  • Mandates03/02/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring28/08/2015
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring03/07/2015
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Other02/04/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 20251,7 M €↓
  2. 2024
    Annual accounts 20243 M €↑
  3. 2023
    Annual accounts 20232,4 M €↑
  4. 2022
    Annual accounts 20221,1 M €↓
  5. 2021
    Annual accounts 20214,9 M €↑
  6. 2020
    Annual accounts 2020895 k €↓
  7. 2019
    Annual accounts 20191,4 M €↑
  8. 2018
    Annual accounts 2018437,2 k €↓
  9. 2017
    Annual accounts 20171 M €↓
  10. 2016
    Annual accounts 20162,9 M €
  11. 31/03/2015
    IncorporationPrivate limited company