ACTIVE

KORAMIC SOLAR

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Financial year 2025 · closed on 31/12/2025

Net result

112,9 k €

+39.3% YoY

Gross margin

466,6 k €

+11.2% YoY

Equity

472,1 k €

+31.4% YoY

What does KORAMIC SOLAR do?

KORAMIC SOLAR is a Public limited company incorporated in 2010. Its main activity is: Production of electricity. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0831.186.169

Incorporation

16/11/2010

Legal form

Public limited company

Registered office

Kapel ter Bede(Kor) 84
8500 Kortrijk · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Activities (NACE)

35110Production of electricity· main 35110Production of electricity

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	466,6 k €	+11.2%	419,7 k €	-22.1%	538,7 k €	-25.6%	723,8 k €	+41.8%	510,5 k €	+4.6%	488,2 k €	-2.3%	499,5 k €	-6.1%	531,8 k €	+7.2%	496,3 k €	-3.8%	516 k €	-1.2%	522,4 k €	+0.5%	520 k €	+2.1%	509,3 k €	+14.0%	446,6 k €	+231%	135 k €
EBITDA	407 k €	+12.4%	362,2 k €	-24.8%	481,7 k €	-28.3%	672,3 k €	+45.7%	461,5 k €	+5.0%	439,5 k €	-2.6%	451,2 k €	-6.9%	484,5 k €	+7.7%	449,9 k €	-4.6%	471,8 k €	-1.4%	478,7 k €	+0.5%	476,2 k €	+2.2%	465,8 k €	+15.5%	403,4 k €	+234%	120,6 k €
Operating result	172,1 k €	+35.2%	127,3 k €	-48.4%	246,9 k €	-43.6%	437,5 k €	+93.0%	226,7 k €	+10.7%	204,7 k €	-5.4%	216,3 k €	-13.3%	249,7 k €	+16.1%	215,1 k €	-9.2%	236,9 k €	-2.8%	243,8 k €	+1.0%	241,4 k €	+4.5%	231 k €	+37.0%	168,6 k €	+1295%	12,1 k €
Net result	112,9 k €	+39.3%	81,1 k €	-51.0%	165,6 k €	-40.3%	277,3 k €	+129%	121 k €	+30.4%	92,8 k €	-7.7%	100,5 k €	-32.9%	149,7 k €	+45.6%	102,8 k €	-0.2%	103 k €	+15.1%	89,5 k €	+19.4%	75 k €	+32.3%	56,7 k €	+364%	-21,5 k €	+77.5%	-95,5 k €
Balance sheet
Equity	472,1 k €	+31.4%	359,2 k €	+29.2%	278,1 k €	-54.6%	612,5 k €	-26.7%	835,2 k €	+16.9%	714,2 k €	+14.9%	621,4 k €	+19.3%	521 k €	+40.3%	371,3 k €	+38.3%	268,5 k €	+62.2%	165,6 k €	+117%	76,1 k €	+6330%	1,2 k €	+102%	-55,5 k €	-63.1%	-34 k €
Total assets	720,1 k €	-24.6%	954,7 k €	-40.1%	1,6 M €	-28.4%	2,2 M €	+7.0%	2,1 M €	-4.4%	2,2 M €	-16.2%	2,6 M €	-6.3%	2,8 M €	-2.0%	2,8 M €	-3.4%	2,9 M €	-4.0%	3,1 M €	-2.5%	3,1 M €	-3.5%	3,2 M €	-4.5%	3,4 M €	-10.7%	3,8 M €
Cash	497,3 k €	+7.5%	462,8 k €	+57.9%	293,1 k €	-76.0%	1,2 M €	+136%	517,9 k €	+43.2%	361,6 k €	+122%	163 k €	-5.1%	171,8 k €	+0.6%	170,8 k €	+1.6%	168,1 k €	-4.6%	176,2 k €	-44.3%	316,1 k €	+69.8%	186,2 k €	+43.3%	129,9 k €	-44.4%	233,5 k €
Debts	247,5 k €	-58.4%	594,1 k €	-54.8%	1,3 M €	-18.5%	1,6 M €	+29.8%	1,2 M €	-14.8%	1,5 M €	-25.9%	2 M €	-12.4%	2,2 M €	-8.2%	2,4 M €	-7.6%	2,6 M €	-7.6%	2,9 M €	-5.4%	3 M €	-5.8%	3,2 M €	-5.1%	3,4 M €	-11.3%	3,8 M €

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 · 3 active · 26 ended

Active mandates

Carl Van den Eynde

Director · since 01 octobre 2025 · until 25 mai 2029

Active

Edge of Change

Director · since 30 mai 2025 · until 25 mai 2029 · 0687.704.462

Represented by Pieter Blondeel

Active

Aquarius

Director · since 18 décembre 2017 · until 25 mai 2029 · 0872.763.141

Represented by Jan Heyse

Active

Ended mandates

Dimitri Van den Bossche

Director · since 13 juin 2024 · until 30 mai 2025

Ended

STERCKX BUSINESS SERVICES

Director · since 27 mars 2024 · until 27 mars 2027 · 0836.179.887

Represented by Jimmy Sterckx

Ended

STERCKX BUSINESS SERVICES

Director · since 27 mars 2024 · until 13 juin 2024 · 0836.179.887

Represented by Jimmy Sterckx

Ended

Aquarius

Director · since 18 décembre 2023 · until 27 avril 2029 · 0872.763.141

Represented by Jan Heyse

Ended

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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	02/07/2026	10/06/2025	25/06/2024	22/06/2023	16/08/2022	06/07/2021
General meeting	29/05/2026	30/05/2025	31/05/2024	26/05/2023	27/05/2022	28/05/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/05/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/05/2025	10/06/2025	Dutch	PDF
Abridged model	31/12/2023	31/05/2024	25/06/2024	Dutch	PDF
Abridged model	31/12/2022	26/05/2023	22/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/05/2022	16/08/2022	Dutch	PDF
Abridged model	31/12/2020	28/05/2021	06/07/2021	Dutch	PDF
Abridged model	31/12/2019	29/05/2020	14/07/2020	Dutch	PDF
Abridged model	31/12/2018	31/05/2019	24/06/2019	Dutch	PDF
Abridged model	31/12/2017	25/05/2018	22/06/2018	Dutch	PDF
Abridged model	31/12/2016	26/05/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	10/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	27/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	07/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	17/07/2012	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 · 3 active · 26 ended

Active mandates

Carl Van den Eynde

Director · since 01 octobre 2025 · until 25 mai 2029

Active

Edge of Change

Director · since 30 mai 2025 · until 25 mai 2029 · 0687.704.462

Represented by Pieter Blondeel

Active

Aquarius

Director · since 18 décembre 2017 · until 25 mai 2029 · 0872.763.141

Represented by Jan Heyse

Active

Ended mandates

Dimitri Van den Bossche

Director · since 13 juin 2024 · until 30 mai 2025

Ended

STERCKX BUSINESS SERVICES

Director · since 27 mars 2024 · until 27 mars 2027 · 0836.179.887

Represented by Jimmy Sterckx

Ended

STERCKX BUSINESS SERVICES

Director · since 27 mars 2024 · until 13 juin 2024 · 0836.179.887

Represented by Jimmy Sterckx

Ended

Aquarius

Director · since 18 décembre 2023 · until 27 avril 2029 · 0872.763.141

Represented by Jan Heyse

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/04/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/09/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/11/2020
KAPITAAL - AANDELEN
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 2025112,9 k €↑
2024
Annual accounts 202481,1 k €↓
2023
Annual accounts 2023165,6 k €↓
2022
Annual accounts 2022277,3 k €↑
2021
Annual accounts 2021121 k €↑
2020
Annual accounts 202092,8 k €↓
2019
Annual accounts 2019100,5 k €↓
2018
Annual accounts 2018149,7 k €↑
2017
Annual accounts 2017102,8 k €↓
2016
Annual accounts 2016103 k €↑
2015
Annual accounts 201589,5 k €↑
2014
Annual accounts 201475 k €↑
2013
Annual accounts 201356,7 k €↑
2012
Annual accounts 2012-21,5 k €↑
2011
Annual accounts 2011-95,5 k €
16/11/2010
IncorporationPublic 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

KORAMIC SOLAR

Overview

What does KORAMIC SOLAR do?

Trend over 15 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