ACTIVE

KORECON

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Financial year 2025 · closed on 31/12/2025
Net result
1,5 M €
-40.4% YoY
Gross margin
-32,5 k €
+22.5% YoY
Equity
6,3 M €
+25.0% YoY

What does KORECON do?

KORECON is a Private limited company incorporated in 2010. Its main activity is: Computer programming activities. Its registered office is in Mol.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0822.832.291
Incorporation
02/02/2010
Legal form
Private limited company
Registered office
Kapellestraat 35
2400 Mol · FlandreSee on map
Contributed capital
12 400,00 €
Latest accounts
31/12/2025
Activities (NACE)
62010Computer programming activities· main62100Computer programming, consultancy and related activities62020Computer consultancy activities62200Computer programming, consultancy and related activities70200Management consultancy activities70220Business and other management consultancy activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflow
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross margin-32,5 k €-41,9 k €1,1 M €794,5 k €879,3 k €625,9 k €369,8 k €374,2 k €322,9 k €271 k €288 k €220,8 k €281,2 k €182,4 k €108,3 k €183,2 k €
EBITDA-45,2 k €-84,3 k €1,1 M €767,7 k €861,7 k €613,2 k €366,2 k €371,6 k €305,8 k €268,2 k €276,9 k €129,2 k €209,8 k €81,9 k €85,2 k €181,4 k €
Operating result-184,4 k €-204,2 k €969,6 k €654,6 k €752,4 k €534,6 k €299,6 k €293,4 k €201,9 k €163,8 k €230,2 k €100,9 k €206,7 k €78,5 k €67,2 k €165,6 k €
Net result1,5 M €2,5 M €661,1 k €449,9 k €504,4 k €363,5 k €196,9 k €199 k €111,6 k €105,8 k €141,5 k €49,4 k €145,1 k €64,8 k €26,8 k €123,8 k €
Balance sheet
Equity6,3 M €5,1 M €2,7 M €2,2 M €1,8 M €1,4 M €1,1 M €868 k €699 k €587,4 k €508,7 k €387,2 k €357,8 k €212,7 k €147,9 k €136,2 k €
Total assets6,5 M €5,3 M €2,9 M €2,4 M €2,6 M €2,4 M €1,6 M €1,6 M €1,4 M €1,2 M €942,8 k €760,6 k €499,5 k €322,3 k €223,9 k €218,4 k €
Cash623,2 k €158,2 k €203,8 k €171,3 k €631,6 k €217,5 k €80,4 k €143,4 k €201,8 k €237,3 k €59,1 k €44,9 k €197,7 k €155 k €154,9 k €121,9 k €
Debts132,3 k €235,2 k €180 k €251,5 k €852,8 k €979 k €496,3 k €721,1 k €667,9 k €645,8 k €434,1 k €373,4 k €138,4 k €106,3 k €73,5 k €79,7 k €
Other
Workforce–0,5 ETP0,5 ETP–––––––0,2 ETP1,0 ETP1,1 ETP1,0 ETP0,5 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 · 2 active · 3 ended

Active mandates

Phillip Harter

Director

Active
Sylvie Verhoeven

Director

Active

Ended mandates

Phillip Harter

Manager

Ended
Phillip-Alexander Harter

Manager

Ended
Sylvie Verhoeven

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelMicro modelMicro 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 date30/08/202624/06/202526/08/202423/08/202317/06/202230/08/2021
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202218/06/2021
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

16 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202630/08/2026DutchPDF
Abridged model31/12/202420/06/202524/06/2025DutchPDF
Abridged model31/12/202321/06/202426/08/2024DutchPDF
Abridged model31/12/202216/06/202323/08/2023DutchPDF
Micro model31/12/202117/06/202217/06/2022DutchPDF
Micro model31/12/202018/06/202130/08/2021DutchPDF
Micro model31/12/201919/06/202022/06/2020DutchPDF
Micro model31/12/201821/06/201927/06/2019DutchPDF
Micro model31/12/201715/06/201827/07/2018DutchPDF
Micro model31/12/201616/06/201727/06/2017DutchPDF
Abridged model31/12/201517/06/201630/08/2016DutchPDF
Abridged model31/12/201419/06/201527/07/2015DutchPDF
Abridged model31/12/201320/06/201431/07/2014DutchPDF
Abridged model31/12/201221/06/201316/07/2013DutchPDF
Abridged model31/12/201115/06/201205/07/2012DutchPDF
Abridged model31/12/201017/06/201128/06/2011DutchPDF
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 · 2 active · 3 ended

Active mandates

Phillip Harter

Director

Active
Sylvie Verhoeven

Director

Active

Ended mandates

Phillip Harter

Manager

Ended
Phillip-Alexander Harter

Manager

Ended
Sylvie Verhoeven

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates19/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office12/05/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other04/02/2010
    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 20251,5 M €↓
  2. 2024
    Annual accounts 20242,5 M €↑
  3. 2023
    Annual accounts 2023661,1 k €↑
  4. 2022
    Annual accounts 2022449,9 k €↓
  5. 2021
    Annual accounts 2021504,4 k €↑
  6. 2020
    Annual accounts 2020363,5 k €↑
  7. 2019
    Annual accounts 2019196,9 k €↓
  8. 2018
    Annual accounts 2018199 k €↑
  9. 2017
    Annual accounts 2017111,6 k €↑
  10. 2016
    Annual accounts 2016105,8 k €↓
  11. 2015
    Annual accounts 2015141,5 k €↑
  12. 2014
    Annual accounts 201449,4 k €↓
  13. 2013
    Annual accounts 2013145,1 k €↑
  14. 2012
    Annual accounts 201264,8 k €↑
  15. 2011
    Annual accounts 201126,8 k €↓
  16. 2010
    Annual accounts 2010123,8 k €
  17. 02/02/2010
    IncorporationPrivate limited company