ACTIVE

KORBAL

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Financial year 2025 · Closed on 31/12/2025

Net result605,8 k €-40,8 %over 1 year
Gross margin810,3 k €-16,1 %over 1 year
Equity12,3 M €-3,1 %over 1 year

Identity

Source · BCE/KBO

KORBAL is a Public limited company incorporated in 2004. Its main activity is: Activities of holding companies. Its registered office is in Putte.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0866.101.221
Incorporation
07/07/2004
Legal form
Public limited company
Registered office
Beversluisweg 1
2580 Putte · FlandreSee on map
Contributed capital
200 000,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 17 financial years

20252024202320222019
Income statement
Gross margin810,3 k €965,8 k €957,9 k €976,9 k €675,3 k €
EBITDA809,1 k €964,5 k €956,8 k €975,8 k €674,3 k €
Operating result809,1 k €964,5 k €956,8 k €975,8 k €674,3 k €
Net result605,8 k €1 M €1 M €1 M €310,1 k €
Balance sheet
Equity12,3 M €12,7 M €12,1 M €11,4 M €9,6 M €
Total assets12,7 M €13,4 M €12,7 M €12,7 M €10,9 M €
Cash217,9 k €249,7 k €31,1 k €202,5 k €1 k €
Debts369,4 k €663,7 k €560,5 k €1,3 M €1,3 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Denis Smets
Director08/01/2020 → 10/03/2026Managing director01/07/2004 → 2019 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
IMMO SMETS0462.466.306Represented by Denis SMETS
Director03/12/2010 → 2018 accounts
KLEYN VELDEKEN0463.542.709Represented by Denis SMETS
Director02/12/2016 → 2019 accounts

Other companies at this address

Beversluisweg 1 2580 Putte
CompanyCBE no.
ALRAMA - INVEST● Active
0444.141.719
AR Vastgoed● Active
1040.145.351
BOBAL● Active
0674.685.280
Daerden● Active
0413.700.248
DISTRI TAVEIRNE● Active
0456.320.959
IMMO SMETS● Active
0462.466.306
KLEYN VELDEKEN● Active
0463.542.709
Korbal-Daerden-Distri Taverne-Bobal● Active
0655.819.473
RUTA● Active
0461.242.423

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/07/2019
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 months18 months
Filing date11/03/202603/03/202529/02/202403/05/202321/03/202206/05/2021
General meeting10/03/202628/02/202529/02/202403/05/202321/03/202206/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202510/03/202611/03/2026DutchPDF
Abridged model31/12/202428/02/202503/03/2025DutchPDF
Abridged model31/12/202329/02/202429/02/2024DutchPDF
Abridged model31/12/202203/05/202303/05/2023DutchPDF
Abridged model31/12/202121/03/202221/03/2022DutchPDF
Abridged model31/12/202006/05/202106/05/2021DutchPDF
Abridged model30/06/201906/12/201930/12/2019DutchPDF
Abridged model30/06/201807/12/201812/12/2018DutchPDF
Abridged model30/06/201701/12/201704/12/2017DutchPDF
Abridged model30/06/201602/12/201612/12/2016DutchPDF
Abridged model30/06/201504/12/201508/12/2015DutchPDF
Abridged model30/06/201405/12/201412/12/2014DutchPDF
Abridged model30/06/201306/12/201323/12/2013DutchPDF
Abridged model30/06/201207/12/201220/12/2012DutchPDF
Abridged model30/06/201106/02/201213/02/2012DutchPDF
Abridged model30/06/201024/01/201131/01/2011DutchPDF
Abridged model30/06/200904/12/200921/12/2009DutchPDF
Abridged model30/06/200805/12/200808/12/2008DutchPDF
Abridged model30/06/200707/12/200721/12/2007DutchPDF
Abridged model30/06/200607/02/200721/02/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 2 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Denis Smets
Director08/01/2020 → 10/03/2026Managing director01/07/2004 → 2019 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
IMMO SMETS0462.466.306Represented by Denis SMETS
Director03/12/2010 → 2018 accounts
KLEYN VELDEKEN0463.542.709Represented by Denis SMETS
Director02/12/2016 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates09/04/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring14/02/2022
    ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring29/11/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Mandates23/01/2020
    ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates14/12/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares23/01/2012
    KAPITAAL - AANDELEN
    PDF
  • Mandates08/03/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office10/03/2010
    Verplaatsing maatschappelijke zetel
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings17 filings
Mandates
Denis Smets
IMMO SMETS
KLEYN VELDEKEN
20042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026
KORBAL
Beversluisweg 1, 2580 Putte
DirectorManaging director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Beversluisweg 1, 2580 PutteCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00052307

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
KORBALCurrent
accounts 2022 → 2025
Accounts 2025 · 2026-00052307

Events

  1. 2025
    Annual accounts 2025605,8 k €↓
  2. 2024
    Annual accounts 20241 M €↑
  3. 2023
    Annual accounts 20231 M €↓
  4. 2022
    Annual accounts 20221 M €↑
  5. 2019
    Annual accounts 2019310,1 k €↓
  6. 2018
    Annual accounts 2018431 k €↓
  7. 2017
    Annual accounts 2017709,8 k €↑
  8. 2016
    Annual accounts 2016520,8 k €↑
  9. 2015
    Annual accounts 2015490 k €↓
  10. 2014
    Annual accounts 20141,1 M €↑
  11. 2013
    Annual accounts 2013515,1 k €↓
  12. 2012
    Annual accounts 2012633,4 k €↑
  13. 2011
    Annual accounts 2011463,2 k €↑
  14. 2010
    Annual accounts 2010365,9 k €↑
  15. 2009
    Annual accounts 2009251,1 k €↓
  16. 2008
    Annual accounts 2008384,9 k €↓
  17. 2007
    Annual accounts 2007420,6 k €
  18. 07/07/2004
    IncorporationPublic limited company