ACTIVE

KORTESCH

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Financial year 2025 · closed on 31/12/2025

Net result

223,5 k €

-29.3% YoY

Gross margin

501,4 k €

-16.4% YoY

Equity

216 k €

+0.2% YoY

Workforce

4,0 ETP

0.0% YoY

What does KORTESCH do?

KORTESCH is a Private limited company incorporated in 2004. Its registered office is in Nieuwpoort. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.800.809

Incorporation

16/08/2004

Legal form

Private limited company

Registered office

Albert I laan 213
8620 Nieuwpoort · FlandreSee on map

Contributed capital

10 000,00 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Joint committees (2)

Signals

ProfitableLow 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 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	501,4 k €	-16.4%	599,6 k €	+15.5%	519,3 k €	+11.1%	467,6 k €	-22.5%	602,9 k €	+25.7%	479,8 k €	+29.4%	370,9 k €	-21.8%	474,1 k €	+3.2%	459,6 k €	+21.3%	378,7 k €	-17.7%	460,2 k €	-12.9%	528,5 k €	+5.3%	501,7 k €	-19.6%	623,9 k €	+1.5%	614,6 k €	+28.8%	477 k €	-20.7%	601,4 k €	+34.6%	446,8 k €	+115%	208,1 k €
EBITDA	323,3 k €	-23.4%	422,2 k €	+17.8%	358,5 k €	+11.0%	323 k €	-33.1%	482,9 k €	+27.3%	379,3 k €	+27.6%	297,3 k €	-17.6%	360,8 k €	+8.7%	331,8 k €	+9.5%	302,9 k €	-16.4%	362,5 k €	-10.5%	405,1 k €	+7.6%	376,6 k €	-26.8%	514,6 k €	+9.4%	470,6 k €	+34.0%	351,3 k €	-24.8%	467,3 k €	+65.5%	282,3 k €	+281%	74,1 k €
Operating result	263,6 k €	-27.0%	361 k €	+24.1%	290,8 k €	-0.9%	293,6 k €	-35.6%	455,8 k €	+26.8%	359,5 k €	+40.4%	256 k €	-20.1%	320,3 k €	+34.5%	238,1 k €	+20.4%	197,8 k €	-21.9%	253,4 k €	-16.9%	304,9 k €	+15.8%	263,2 k €	-36.5%	414,7 k €	+8.9%	380,7 k €	+44.7%	263,1 k €	-29.1%	370,9 k €	+96.5%	188,8 k €	+422%	36,2 k €
Net result	223,5 k €	-29.3%	316,1 k €	+27.6%	247,7 k €	-6.9%	266 k €	-38.3%	430,8 k €	+29.3%	333,1 k €	+45.0%	229,7 k €	-22.0%	294,5 k €	+36.7%	215,5 k €	+15.6%	186,4 k €	-19.1%	230,3 k €	-15.4%	272,1 k €	+21.6%	223,7 k €	-39.3%	368,8 k €	+7.0%	344,5 k €	+63.2%	211,1 k €	-34.4%	322 k €	+135%	137,1 k €	+685%	17,5 k €
Balance sheet
Equity	216 k €	+0.2%	215,5 k €	+8.1%	199,4 k €	+19.6%	166,7 k €	+136%	70,7 k €	+18.1%	59,9 k €	+27.9%	46,8 k €	+1.6%	46,1 k €	+1.1%	45,6 k €	+3.3%	44,1 k €	+3.2%	42,8 k €	+8.3%	39,5 k €	+5.6%	37,4 k €	+101%	18,6 k €	+4.4%	17,8 k €	+33.7%	13,3 k €	-22.5%	17,2 k €	+13.4%	15,2 k €	+0.7%	15,1 k €
Total assets	953,4 k €	+1.7%	937,9 k €	-5.0%	987,6 k €	-2.7%	1 M €	+101%	504,4 k €	-11.5%	569,8 k €	-6.7%	610,9 k €	+31.3%	465,4 k €	-12.1%	529,4 k €	-10.1%	588,7 k €	-17.3%	712,2 k €	+3.2%	689,9 k €	-14.8%	810,2 k €	-8.5%	885,1 k €	-15.1%	1 M €	-7.4%	1,1 M €	-3.4%	1,2 M €	-5.9%	1,2 M €	+0.7%	1,2 M €
Cash	29,8 k €	-6.0%	31,7 k €	-48.5%	61,6 k €	-8.5%	67,3 k €	-17.7%	81,8 k €	-26.4%	111,2 k €	+237%	33 k €	-2.9%	33,9 k €	-45.6%	62,4 k €	+32.0%	47,3 k €	-52.0%	98,5 k €	+103%	48,5 k €	-32.6%	71,9 k €	-30.9%	104,1 k €	+23.9%	84 k €	+4.3%	80,6 k €	-20.8%	101,7 k €	+46.3%	69,5 k €	+13.7%	61,1 k €
Debts	737,5 k €	+2.1%	722,4 k €	-8.4%	788,2 k €	-7.1%	848,5 k €	+95.6%	433,7 k €	-14.9%	509,9 k €	-9.6%	564,1 k €	+34.5%	419,3 k €	-13.3%	483,8 k €	-11.2%	544,6 k €	-18.7%	669,4 k €	+2.9%	650,5 k €	-15.8%	772,8 k €	-10.8%	866,4 k €	-15.5%	1 M €	-7.9%	1,1 M €	-3.1%	1,1 M €	-6.2%	1,2 M €	+0.7%	1,2 M €
Other
Workforce	4,0 ETP	0.0%	4,0 ETP	+100%	2,0 ETP	-42.9%	3,5 ETP	+2.9%	3,4 ETP	+13.3%	3,0 ETP	+7.1%	2,8 ETP	-41.7%	4,8 ETP	-9.4%	5,3 ETP	+39.5%	3,8 ETP	0.0%	3,8 ETP	-9.5%	4,2 ETP	-14.3%	4,9 ETP	+19.5%	4,1 ETP	-4.7%	4,3 ETP	-2.3%	4,4 ETP	-17.0%	5,3 ETP	-24.3%	7,0 ETP	+11.1%	6,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 7 ended

Active mandates

YATZI

Director · 0883.113.932

Represented by Bieke De Kort

Active

Ended mandates

Carola Cornelissen

Manager

Ended

YATZI

Manager · 0883.113.932

Represented by Bieke De Kort

Ended

YATZI

Manager · 0883.113.932

Represented by Bieke DE KORT

Ended

YATZI

bestuurder · 0883.113.932

Represented by Bieke De Kort

Ended

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	29/07/2026	02/04/2025	16/04/2024	01/06/2023	31/05/2022	25/06/2021
General meeting	20/04/2026	27/03/2025	03/04/2024	15/03/2023	16/03/2022	07/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/04/2026	29/07/2026	Dutch	PDF
Abridged model	31/12/2024	27/03/2025	02/04/2025	Dutch	PDF
Abridged model	31/12/2023	03/04/2024	16/04/2024	Dutch	PDF
Abridged model	31/12/2022	15/03/2023	01/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/03/2022	31/05/2022	Dutch	PDF
Abridged model	31/12/2020	07/06/2021	25/06/2021	Dutch	PDF
Abridged model	31/12/2019	29/06/2020	31/07/2020	Dutch	PDF
Abridged model	31/12/2018	26/03/2019	02/05/2019	Dutch	PDF
Abridged model	31/12/2017	08/05/2018	25/06/2018	Dutch	PDF
Abridged model	31/12/2016	23/02/2017	27/03/2017	Dutch	PDF
Abridged model	31/12/2015	08/02/2016	10/03/2016	Dutch	PDF
Abridged model	31/12/2014	11/02/2015	31/03/2015	Dutch	PDF
Abridged model	31/12/2013	27/03/2014	17/06/2014	Dutch	PDF
Abridged model	31/12/2012	27/02/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	14/02/2012	23/07/2012	Dutch	PDF
Abridged model	31/12/2010	09/03/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	03/02/2010	27/02/2010	Dutch	PDF
Abridged model	31/12/2008	11/02/2009	30/06/2009	Dutch	PDF
Abridged model	31/12/2007	29/02/2008	20/03/2008	Dutch	PDF
Abridged model	31/12/2006	01/02/2007	12/02/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 7 ended

Active mandates

YATZI

Director · 0883.113.932

Represented by Bieke De Kort

Active

Ended mandates

Carola Cornelissen

Manager

Ended

YATZI

Manager · 0883.113.932

Represented by Bieke De Kort

Ended

YATZI

Manager · 0883.113.932

Represented by Bieke DE KORT

Ended

YATZI

bestuurder · 0883.113.932

Represented by Bieke De Kort

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 - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/10/2006
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/06/2006
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/06/2006
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/05/2006
ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/12/2005
MAATSCHAPPELIJKE ZETEL
PDF
Registered office09/12/2004
MAATSCHAPPELIJKE ZETEL - DOEL - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other24/08/2004
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

2025
Annual accounts 2025223,5 k €↓
2024
Annual accounts 2024316,1 k €↑
2023
Annual accounts 2023247,7 k €↓
2022
Annual accounts 2022266 k €↓
2021
Annual accounts 2021430,8 k €↑
2020
Annual accounts 2020333,1 k €↑
2019
Annual accounts 2019229,7 k €↓
2018
Annual accounts 2018294,5 k €↑
2017
Annual accounts 2017215,5 k €↑
2016
Annual accounts 2016186,4 k €↓
2015
Annual accounts 2015230,3 k €↓
2014
Annual accounts 2014272,1 k €↑
2013
Annual accounts 2013223,7 k €↓
2012
Annual accounts 2012368,8 k €↑
2011
Annual accounts 2011344,5 k €↑
2010
Annual accounts 2010211,1 k €↓
2009
Annual accounts 2009322 k €↑
2008
Annual accounts 2008137,1 k €↑
2007
Annual accounts 200717,5 k €
16/08/2004
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

KORTESCH

Overview

What does KORTESCH do?

Trend over 19 financial years

Indicative valuation

Board of directors

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