KORAMIC DEVELOPMENT PROJECTS

Active

Public limited companyfounded 196066 yrs activeKapel ter Bede(Kor) 84, 8500 Kortrijk, BelgiumKBO/BCE: BE 0400.281.485

Summary

KORAMIC DEVELOPMENT PROJECTS has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9k and a net result of €227k. Equity is shrinking by ~77.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 17% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability39▲+8

Solvency25▲+1

Growth72=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 5.86 against 3.17 in 2023; short-term debt: 16.2% and cash: 6.7% of total assets), but 100% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 68

Relative position

BE, all sectors

reference

Sector 68

lower

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

Return on assets

0.7%

Age of the figures

21 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4809 sector peers (2024).

NBB · sector comparison

Position among 4809 sector peers

Solvency

better than 17%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

36 d early

2023

29 d early

2022

39 d early

2021

30 d early

2020

38 d early

2019

39 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€15.71M▲ 49.1%

2023 · €10.54M

2018: €50k 2019: €165k 2020: €50k 2021: €1.49M 2022: €8.92M 2023: €10.54M

2018 → 2024

EBIT margin

10.4%▲ 8.9pp

2023 · 1.5%

2018: -349.2% 2019: -0.6% 2020: -30.4% 2021: -127.5% 2022: -8.3% 2023: 1.5%

2018 → 2024

Net result

€227k

2023 · €-586k

2018: €-4.54M 2019: €-7.57M 2020: €-974k 2021: €-1.66M 2022: €-1.33M 2023: €-586k

2018 → 2024

Working capital

€24.19M▲ 64.6%

2023 · €14.70M

2018: €-37.11M 2019: €437k 2020: €1.87M 2021: €1.11M 2022: €7.92M 2023: €14.70M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€50k-€1.49M▲ 2,883%€8.92M▲ 498%€10.54M▲ 18.1%€15.71M▲ 49.1%

Equity€3.36M-€1.70M▼ 49.5%€368k▼ 78.3%€-218k€9k

Operating result€-15k-€-1.90M▼ 12,404%€-736k▲ 61.3%€153k€1.63M▲ 965%

Net result€-974k-€-1.66M▼ 70.6%€-1.33M▲ 20.1%€-586k▲ 55.8%€227k

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 965% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €30.66M

95.1%

Fixed assets €1.50M =

Current assets €29.16M ▲ 35.8%

Equity and liabilities €30.66M

99.6%

Equity €9k

Provisions €128k

Debt €30.53M

Debt finances 99.6% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

Current ratio

5.86▲

2023 · 3.17

Quick ratio

1.05▲

2023 · 0.68

ROA

0.7%▲

2023 · -2.6%

Debt ≤ 1 year

€4.98M▼

2023 · €6.78M

Debt > 1 year

€25.54M▲

2023 · €16.42M

Income taxes

€310

A ratio outside any meaningful range has been withheld (balance sheet total €30.66M, equity €9k).

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 66 lines

Balance sheet Code20232024

Assets

Total assets20/58€22.98M€30.66M▲

Fixed assets21/28€1.50M€1.50M=

Financial fixed assets28€1.50M€1.50M=

Affiliated companies280/1€1.50M€1.50M=

Participating interests280€1.50M€1.50M=

Current assets29/58€21.48M€29.16M▲

Stocks and contracts in progress3€16.88M€23.96M▲

Stocks30/36€16.88M€23.96M▲

Property held for sale35€16.88M€23.96M▲

Amounts receivable within one year40/41€650k€2.94M▲

Trade receivables40€640k€2.94M▲

Other amounts receivable41€11k-

Cash at bank and in hand54/58€3.35M€2.06M▼

Deferred charges and accrued income490/1€597k€208k▼

Equity and liabilities

Total equity and liabilities10/49€22.98M€30.66M▲

Equity10/15€-218k€9k▲

Contributions10/11€29.84M€29.84M=

Capital10€29.84M€29.84M=

Issued capital100€29.84M€29.84M=

Reserves13€4.21M€4.21M=

Non-distributable reserves130/1€16k€16k=

Legal reserve130€16k€16k=

Tax-exempt reserves132€4.19M€4.19M=

Profit (loss) carried forward14€-34.27M€-34.04M▲

Provisions and deferred taxes16-€128k

Provisions for liabilities and charges160/5-€128k

Other liabilities and charges164/5-€128k

Amounts payable17/49€23.19M€30.53M▲

Amounts payable after more than one year17€16.42M€25.54M▲

Financial debts170/4€16.42M€25.54M▲

Credit institutions173€3.41M€3.66M▲

Other loans174€13.01M€21.88M▲

Amounts payable within one year42/48€6.78M€4.98M▼

Current portion of amounts payable after more than one year42-€35k

Trade debts44€6.62M€4.53M▼

Suppliers440/4€6.62M€4.53M▼

Taxes, remuneration and social security45€156k€409k▲

Taxes450/3€156k€407k▲

Remuneration and social security454/9-€2k

Accrued charges and deferred income492/3-€12k

Income statement Code20232024

Operating income70/76A€10.54M€15.71M▲

Turnover70€10.54M€15.71M▲

Other operating income74-€330

Operating charges60/66A€10.38M€14.08M▲

Goods for resale, raw materials and consumables60€6.91M€10.01M▲

Purchases600/8€15.42M€17.08M▲

Change in stocks: decrease (increase)609€-8.52M€-7.07M▲

Services and other goods61€3.02M€3.90M▲

Provisions for liabilities and charges: additions (uses and reversals)635/8-€128k

Other operating charges640/8€455k€41k▼

Operating profit (loss)9901€153k€1.63M▲

Financial income75/76B€71k€48k▼

Recurring financial income75€71k€48k▼

Income from current assets751-€1k

Other financial income752/9€71k€47k▼

Financial charges65/66B€810k€1.45M▲

Recurring financial charges65€810k€1.45M▲

Debt charges650€628k€1.16M▲

Other financial charges652/9€182k€290k▲

Profit (loss) for the period before taxes9903€-586k€227k▲

Income taxes67/77-€310

Taxes670/3-€310

Profit (loss) for the period9904€-586k€227k▲

Profit (loss) for the period to be appropriated9905€-586k€227k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-34.27M€-34.04M▲

Profit (loss) brought forward from the previous period14P€-33.68M€-34.27M▼

The notes to these accounts (32 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 45Financial 5Gazette 30Filings 10

2026

10-08

State Gazette act Appointment: Boes & Verrue Bedrijfsrevisoren BV (statutory auditor)

Permanent representative: Yannick Boes · Resignation: Boes & Verrue Bedrijfsrevisoren BV (statutory auditor)4 facts ▸

Shareholder decision, 23/05/2026
Auditor appointment, Boes & Verrue Bedrijfsrevisoren BV (statutory auditor)
Permanent representative, Yannick Boes
Auditor resignation, Boes & Verrue Bedrijfsrevisoren BV

09-02

State Gazette act Resignations: Christian DUMOLIN (bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur) and BERT WEEMAES (director)

Appointments: KORAMIC REAL ESTATE INVESTMENT, PATRIOS and Carl VAN DEN EYNDE · Permanent representatives: Christian DUMOLIN and Peter Alain ARTOIS · Name change18 facts ▸

General meeting, 22-12-2025
Name change, KORAMIC DEVELOPMENT PROJECTS
Capital increase, €30.000.000
Bank account, 18-12-2025
Capital decrease, €4.000.000
Capital, €55.841.408
Statutes amendment
Director resignation, Christian DUMOLIN (bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur)
Director appointment, KORAMIC REAL ESTATE INVESTMENT (director)
Permanent representative, Christian DUMOLIN
Director appointment, PATRIOS (director)
Permanent representative, Peter Alain ARTOIS
+6 further facts in this act

2025

15-09

State Gazette act Reappointment: Carl Van den Eynde (director)

Resignations: Kouter Services BV, VDB Advisory CommV. and Oliver Management Consulting BV · Permanent representatives: Cathy Vincent, Dimitri Van den Bossche and 2 others · Appointment: Edge of Change BV (director)10 facts ▸

General meeting, 24-05-2025
Director reappointment, Carl Van den Eynde (director)
Director resignation, Kouter Services BV (director)
Permanent representative, Cathy Vincent
Director resignation, VDB Advisory CommV. (director)
Permanent representative, Dimitri Van den Bossche
Director resignation, Oliver Management Consulting BV (director)
Permanent representative, Bart Vermeulen
Director appointment, Edge of Change BV (director)
Permanent representative, Pieter Blondeel

25-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Back to profitnet €227k

Net result €227k after 6 loss-making years.

19-09

State Gazette act Appointments: Oliver Management Consulting BV, Carl Van den Eynde and 2 others

Permanent representatives: Bart Vermeulen, Jimmy Sterckx and 2 others · Resignation: Sterckx Business Services BV (director and managing director)12 facts ▸

General meeting, 25-05-2024
Director appointment, Oliver Management Consulting BV (director)
Permanent representative, Bart Vermeulen
Board meeting, 13-06-2024
Director resignation, Sterckx Business Services BV (director and managing director)
Permanent representative, Jimmy Sterckx
Director appointment, Carl Van den Eynde (director)
Director appointment, Carl Van den Eynde (managing director)
Director appointment, Kouter Services BV (managing director)
Permanent representative, Cathy Vincent
Director appointment, VdB Advisory Comm. V. (managing director)
Permanent representative, Dimitri Van den Bossche

02-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

07-03

State Gazette act Appointment: Christian Lecluyse (director)

2 facts ▸

General meeting, 23-01-2024
Director appointment, Christian Lecluyse (director)

09-02

State Gazette act Appointment: Sterckx Business Services BV (director)

Permanent representative: Jimmy Sterckx · Resignation: Oliver Management Consulting BV (managing director)6 facts ▸

General meeting, 10-01-2024
Director appointment, Sterckx Business Services BV (director)
Permanent representative, Jimmy Sterckx
Board meeting, 10-01-2024
Director resignation, Oliver Management Consulting BV (managing director)
Director appointment, Sterckx Business Services BV (managing director)

2023

23-11

State Gazette act Resignation: THred BV (director and managing director)

Permanent representatives: Antoon Honings and Bart Vermeulen · Appointment: Oliver Management Consulting BV (director)6 facts ▸

Board meeting, 31-10-2023
Director resignation, THred BV (director and managing director)
Permanent representative, Antoon Honings
Director appointment, Oliver Management Consulting BV (director)
Permanent representative, Bart Vermeulen
Director appointment, Oliver Management Consulting BV (managing director)

02-08

State Gazette act Reappointment: Boes Joseph-Michel Bedrijfsrevisor BV (statutory auditor)

Permanent representatives: Joseph-Michel Boes and Antoon Honings4 facts ▸

General meeting, 27-05-2023
Auditor reappointment, Boes Joseph-Michel Bedrijfsrevisor BV
Permanent representative, Joseph-Michel Boes
Permanent representative, Antoon Honings

22-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

Show earlier events

2022

31-12

Financial Liquidity triplescurrent ratio 2.92

Current ratio from 1.12 to 2.92; short-term debt falls from €9.04M to €4.13M.

12-12

State Gazette act Resignations: Odon BV, NVE BV and Oliver Management Consulting BV

Appointments: Thred BV (director) and Kouter Services BV (director)7 facts ▸

Board meeting, 18-11-2022
Director resignation, Odon BV (director and managing director)
Director resignation, NVE BV (director)
Director resignation, Oliver Management Consulting BV (director)
Director appointment, Thred BV (director)
Director appointment, Kouter Services BV (director)
Director appointment, Thred BV (managing director)

16-09

State Gazette act Resignation: Liberty Associates SRL (director and managing director)

Appointment: Odon BV (managing director) · Permanent representatives: Hilde Famaey and Yves Van Hooland5 facts ▸

Board meeting, 01-09-2022
Director resignation, Liberty Associates SRL (director and managing director)
Director appointment, Odon BV (managing director)
Permanent representative, Hilde Famaey
Permanent representative, Yves Van Hooland

29-07

State Gazette act Appointments: ODON BV (director) and OLIVER MANAGEMENT CONSULTING BV (director)

Permanent representatives: Hilde Famaey and Bart Vermeulen5 facts ▸

General meeting, 24-06-2022
Director appointment, ODON BV (director)
Permanent representative, Hilde Famaey
Director appointment, OLIVER MANAGEMENT CONSULTING BV (director)
Permanent representative, Bart Vermeulen

01-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

16-06

State Gazette act Resignations: Oliver Management Consulting BV (director and managing director) and Bert Weemaes BV (director)

Appointments: Liberty Associates SRL, NVE BV and 2 others · Permanent representatives: Yves Van Hooland, Nicolas Van Eupen and Dimitri Van den Bossche12 facts ▸

General meeting, 15-04-2022
Director resignation, Oliver Management Consulting BV (director and managing director)
Director resignation, Bert Weemaes BV (director)
Director appointment, Liberty Associates SRL (director)
Permanent representative, Yves Van Hooland
Director appointment, NVE BV (director)
Permanent representative, Nicolas Van Eupen
Director appointment, VdB Advisory Comm.V. (director)
Permanent representative, Dimitri Van den Bossche
Board meeting, 15-04-2022
Director appointment, Christian Dumolin (managing director)
Director appointment, Liberty Associates SRL (managing director)

2021

01-09

State Gazette act Resignations: VLAEMMINCK BV (director) and DUMOLIN Christian (managing director)

Appointments: BERT WEEMAES (director) and OLIVER Management Consulting (director) · Permanent representatives: WEEMAES Bert and VERMEULEN Bart · Reappointment: DUMOLIN Christian (director)14 facts ▸

General meeting, 18-08-2021
Name change, KORAMIC DEVELOPMENT
Statutes amendment
Director resignation, VLAEMMINCK BV (director)
Director appointment, BERT WEEMAES (director)
Permanent representative, WEEMAES Bert
Director appointment, OLIVER Management Consulting (director)
Permanent representative, VERMEULEN Bart
Director reappointment, DUMOLIN Christian (director)
Board meeting, 18-08-2021
Director reappointment, DUMOLIN Christian (chair of the board)
Director appointment, BERT WEEMAES (managing director)
+2 further facts in this act

23-06

NBB filing Annual accounts filed

fiscal year 2020 · full schema

01-02

State Gazette act Statutes amendment · Restructuring

Merger · Net-asset statement · Dissolution6 facts ▸

Merger, 30-10-2020
Net-asset statement, 31-12-2019
Dissolution, 30-10-2020
Statutes amendment
Capital, €29.841.408
Power of attorney, Philippe DEFAUW

2020

31-12

Financial Liquidity times 6current ratio 7.39

Current ratio from 1.17 to 7.39; short-term debt falls from €2.61M to €293k.

18-11

State Gazette act Restructuring · End & cessation

Permanent representative: Stéphane VLAEMMINCK · Merger · Accounting effect4 facts ▸

Merger, geruisloze fusie, 01-01-2020
Accounting effect, 01-01-2020
Permanent representative, Stéphane VLAEMMINCK
Fiscal regime, fiscaal vrijstellingsregime (art. 211, §1 W.I.B.) en boekhoudkundige continuïteit (art. 3:56 KB van 29 april 2019)

27-10

State Gazette act Resignation: Veerle Vercaigne (director)

Appointments: Vlaemminck BV (director) and Joseph-Michel Bedrijfsrevisor BV (statutory auditor) · Permanent representatives: Stéphane Vlaemminck and Joseph-Michel Boes6 facts ▸

General meeting, 19-06-2020
Director resignation, Veerle Vercaigne (director)
Director appointment, Vlaemminck BV (director)
Permanent representative, Stéphane Vlaemminck
Auditor appointment, Joseph-Michel Bedrijfsrevisor BV (statutory auditor)
Permanent representative, Joseph-Michel Boes

22-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Weakest financial yearnet €-7.57M

Net result drops to €-7.57M, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity times 23current ratio 1.17

Current ratio from 0.05 to 1.17; short-term debt falls from €39.05M to €2.61M.

18-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

27-06

NBB filing Annual accounts filed

fiscal year 2017 · full schema

20-03

State Gazette act Resignation: Ivan Van den Bulcke (director)

2 facts ▸

General meeting, 31-01-2018
Director resignation, Ivan Van den Bulcke (director)

2017

12-09

State Gazette act Resignations: Deloitte Bedrijfsrevisoren BV, Ivan van den Bulcke and Veerle Vercaigne

Permanent representatives: Kurt Dehoorne and Dirk Van Vlaenderen · Reappointments: Deloitte Bedrijfsrevisoren BV, Ivan van den Bulcke and Veerle Vercaigne9 facts ▸

General meeting, 27/05/2017
Director resignation, Deloitte Bedrijfsrevisoren BV (statutory auditor)
Director resignation, Ivan van den Bulcke (director)
Director resignation, Veerle Vercaigne (director)
Permanent representative, Kurt Dehoorne
Auditor reappointment, Deloitte Bedrijfsrevisoren BV
Director reappointment, Ivan van den Bulcke (director)
Director reappointment, Veerle Vercaigne (director)
Permanent representative, Dirk Van Vlaenderen

06-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

08-07

State Gazette act Resignation: Christian Dumolin (director)

Reappointment: Christian Dumolin (director) · Appointment: Christian Dumolin (chair)6 facts ▸

General meeting, 28-05-2016
Director resignation, Christian Dumolin (director)
Director reappointment, Christian Dumolin (director)
Board meeting, 28-05-2016
Director appointment, Christian Dumolin (chair)
Director appointment, Christian Dumolin (managing director)

28-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2014

01-12

State Gazette act Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)

2 facts ▸

General meeting, 24-05-2014
Auditor reappointment, Deloitte Bedrijfsrevisoren BV

2012

22-11

State Gazette act Capital & shares · Statutes amendment

Capital increase · Capital decrease · Capital5 facts ▸

General meeting, 29-10-2012
Capital increase, €40.000.000
Capital decrease, €10.319.792
Capital, €29.841.408
Statutes amendment

29-08

State Gazette act Resignation: Delox NV (director)

Appointment: Veerle Vercaigne (director)3 facts ▸

General meeting, 26-05-2012
Director resignation, Delox NV (director)
Director appointment, Veerle Vercaigne (director)

2011

03-11

State Gazette act Resignation: Clement De Meersman (director)

2 facts ▸

Board meeting, 30-07-2011
Director resignation, Clement De Meersman (director)

01-07

State Gazette act Reappointments: Ivan Van den Bulcke (director) and Deloitte Bedrijfsrevisoren (statutory auditor)

3 facts ▸

General meeting, 28-05-2011
Director reappointment, Ivan Van den Bulcke (director)
Auditor reappointment, Deloitte Bedrijfsrevisoren (statutory auditor)

2010

22-06

State Gazette act Reappointment: Christian Dumolin (director)

5 facts ▸

General meeting, 22-05-2010
Director reappointment, Christian Dumolin (director)
Board meeting, 22-05-2010
Director reappointment, Christian Dumolin (chair)
Director reappointment, Christian Dumolin (managing director)

2009

30-11

State Gazette act Appointment: CLEMENT DE MEERSMAN (director)

Resignation: JAN LAGA (director)4 facts ▸

General meeting, 01-09-2009
Director appointment, CLEMENT DE MEERSMAN (director)
Board meeting, 06-10-2009
Director resignation, JAN LAGA (director)

2007

06-07

State Gazette act Appointments: Jan Heyse (director) and Delox (director)

Resignation: Benoit Tas (director) · Permanent representative: Patrick De Groote6 facts ▸

General meeting, 19-04-2007
Director appointment, Jan Heyse (director)
General meeting, 15-05-2007
Director resignation, Benoit Tas (director)
Director appointment, Delox (director)
Permanent representative, Patrick De Groote

2006

06-03

State Gazette act Resignations: Levantas (director) and Koramic Holding (director)

Appointments: Benoit Tas, Koenraad Van der Elst and 2 others7 facts ▸

General meeting, 01-02-2006
Director resignation, Levantas (director)
Director resignation, Koramic Holding (director)
Director appointment, Benoit Tas (director)
Director appointment, Koenraad Van der Elst (director)
Director appointment, Ivan Van den Bulcke (director)
Director appointment, Christian Dumolin (managing director)

2005

02-08

State Gazette act Appointment: DELOITTE BEDRIJFSREVISOREN (statutory auditor)

Name change · Registered-office move · Purpose change16 facts ▸

General meeting, 13-07-2005
Name change, Koramic Industries
Registered-office move, 8500 Kortrijk, Ter Bede Business Center, Kapel ter Bede 84
Purpose change, Voor eigen rekening, voor rekening van derden of in deelneming met derden, zelf of door bemiddeling van elke andere natuurlijke of rechtspersoon, in Belgie of i…
Capital, €161.200
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
+4 further facts in this act

2004

27-09

State Gazette act Permanent representatives: Christian Dumolin and Paul Behets

Appointment: Christian Dumolin (chair)4 facts ▸

Board meeting, 08-09-2004
Permanent representative, Christian Dumolin
Permanent representative, Paul Behets
Director appointment, Christian Dumolin (chair)

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 directors, no change since 2025

KORAMIC REAL ESTATE INVESTMENT

Director · since 22-12-2025 · Public limited company · perm. rep.: Christian DUMOLIN

Current

PATRIOS

Director · since 22-12-2025 · Legal entity · perm. rep.: Peter Alain ARTOIS

Current

Edge of Change BV

Director · since 24-05-2025 · Legal entity · perm. rep.: Pieter Blondeel

Current

Carl Van den Eynde

Chair of the board · since 13-06-2024

Current

Christian Lecluyse

Director · since 01-02-2024

Current

VdB Advisory Comm. V.

Managing director · since 15-04-2022 · Legal entity · perm. rep.: Dimitri Van den Bossche

Current

4 other directors

OLIVER Management Consulting

Director · since 18-08-2021 · Private limited company · perm. rep.: VERMEULEN Bart

Current

Delox

Director · since 15-05-2007 · Legal entity · perm. rep.: Patrick De Groote

Not recently confirmed

Jan Heyse

Director · since 19-04-2007

Not recently confirmed

Koenraad Van der Elst

Director · since 01-02-2006

Not recently confirmed

22-12-2025 KORAMIC REAL ESTATE INVESTMENT: Appointed as Director

22-12-2025 PATRIOS: Appointed as Director

22-12-2025 Carl Van den Eynde: Appointed as Chair of the board

22-12-2025 BERT WEEMAES: Resigned as Director

22-12-2025 BERT WEEMAES: Resigned as Managing director

Full history in the Timeline (73 changes) →

Location & real-estate footprint

Registered office, Kortrijk · 1 establishment unit since 1960

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kapel ter Bede(Kor) 848500 Kortrijk

Ground area

1.5 ha

Building footprint

392 m²

Volume, LiDAR

4,504 m³

Parcel 34353B0292/00H000, Flanders · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Koramic Industries

Kapel ter Bede(Kor) 84, 8500 KortrijkNACE 65234

since 19602.004.791.743

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34353B0292/00H000	Flanders	1.5 ha	1 · 392 m²	12.7 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor

Boes & Verrue Bedrijfsrevisoren BVCurrent

Statutory auditor · represented by Yannick Boes

10-08-2026 → present

Show 4 earlier auditors

BV BOES JOSEPH-MICHEL BEDRIJFSREVISOR Auditor · represented by Joseph-Michel Boes succeeded by Boes & Verrue Bedrijfsrevisoren BV in 2026	27-05-2023 → 10-08-2026
Deloitte Bedrijfsrevisoren Statutory auditor · represented by Dirk Van Vlaenderen succeeded by DELOITTE Bedrijfsrevisoren BV in 2014	13-07-2005 → 24-05-2014
DELOITTE Bedrijfsrevisoren BV Auditor succeeded by Joseph-Michel Bedrijfsrevisor BV in 2020	24-05-2014 → 19-06-2020
Joseph-Michel Bedrijfsrevisor BV Statutory auditor · represented by Joseph-Michel Boes succeeded by BV BOES JOSEPH-MICHEL BEDRIJFSREVISOR in 2023	19-06-2020 → 27-05-2023

Articles of association

Purpose

Voor eigen rekening, voor rekening van derden of in deelneming met derden, zelf of door bemiddeling van elke andere natuurlijke of rechtspersoon, in België of in het buitenland…

Full purpose

Voor eigen rekening, voor rekening van derden of in deelneming met derden, zelf of door bemiddeling van elke andere natuurlijke of rechtspersoon, in België of in het buitenland alle prestaties te verrichten die rechtstreeks of onrechtstreeks betrekking hebben op: 1. Het nemen van participaties... 2. Het waarnemen van bestuurs- en vereffeningsmandaten... 3. Het toestaan van leningen... 4. Het oordeelkundig uitbreiden van haar roerend en onroerend patrimonium... 5. Het verlenen van financiële, administratieve, commerciële, juridische, fiscale, technische en consultatieve bijstand... 6. Het uitvoeren van alle studies en onderzoek... 7. Het optreden als tussenpersoon bij de aan- en verkoop van onroerende goederen... 8. Het ontwikkelen, kopen, verkopen, beheer, valoriseren, in licentie nemen of geven van brevetten, octrooien, know-how en andere intellectuele rechten. 9. De uitbating van kleigroeven en de aan- en verkoop van grondstoffen voor de keramische industrie, het uitvoeren van grondwerken. 10. De aan- en verkoop, huur- en verhuur en leasing van machines en materieel. 11. Het ontplooien van alle informatica-activiteiten... 12. Het aan- en verkopen, huren en verhuren en leasen van alle voertuigen, vaartuigen en vliegtuigen.

according to the deed of 01-02-2021

Structure & network

Connections & network

15 connected companies

Shared directors

Linked via shared directors

Aquarius

Shared director

→

BEADS BELGIUM

Shared director

→

BESIX Group

Shared director

→

BEVIZION

Shared director

→

Show 11 more companies with a shared director

Brusselse Tennisclub

Shared director

→

LEUVEN BEARS

Shared director

→

LEVANTAS

Shared director

→

Patrimkor

Shared director

→

ROYAL AUTOMOBILE CLUB DE BELGIQUE - KONINKLIJKE AUTOMOBIEL CLUB VAN BELGIE

Shared director

→

Smartphoto group

Shared director

→

WOLLUX

Shared director

→

BERNARD CONSTRUCTION

Shared corporate director

→

GRAPHELION

Shared corporate director

→

Immo Cordeel-Aertssen

Shared corporate director

→

NIEUW TEMSE

Shared corporate director

→

Acquisitions and mergers

1 transaction

Took over:W-Digital

BE 0433.787.562merger by absorption · State Gazette act of 01-02-2021 (2 acts) · effective 30-10-2020

Capital and shareholders

Shareholders according to the acts

After the capital increase act of 22-11-2012 ↗

KORAMIC INVESTMENT GROUP 40,000,000 EUR

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

09-02-2026 Capital increase of 30,000,000 EUR · to 59,841,408 EUR · 115,211 new shares
09-02-2026 Capital reduction of 4,000,000 EUR · to 55,841,408 EUR · to absorb losses
01-02-2021 Capital stated in the act · 29,841,408 EUR · 114,602 shares
22-11-2012 Capital increase of 40,000,000 EUR · to 40,161,200 EUR · 114,142 new shares
22-11-2012 Capital reduction of 10,319,792 EUR · to 29,841,408 EUR · “aanzuivering van de geleden verliezen”
02-08-2005 Capital stated in the act · 161,200 EUR · 460 shares

Similar companies · same sector, comparable size

FORESTIA

BE 0636.899.624

Marche-en-Famenne · Eq €8,879

IMMO BUILDING HOME

BE 0785.802.938

Sint-Pieters-Leeuw · Eq €8,820

CONSTRUCTION ESTATE DEVELOPMENT

BE 0416.367.154

Schaarbeek · Eq €8,819

ACCENT VASTGOED MAKELAARS

BE 0841.144.309

Brasschaat · Eq €8,918

2B Real Estate

BE 0759.420.423

Mechelen · Eq €8,774

Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 1,792 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded17-03-1960

Fiscal year end31-12

Abbreviation NL KODEV

Activities, NACEBEL 2025

68110Buying and selling of own real estate

68121Development of residential building projects

68122Development of non-residential building projects

64210Activities of holding companies

Sources

Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.