Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 51 to 41.2.
Financials
Financial year 2025
KORATON from Kortrijk, company number BE0424217424, closed financial year 2025 with a result of € 2.6 million after tax. For that financial year KORATON recorded revenue of € 15.3 million and equity of € 21.1 million. Compared with financial year 2024, the result moved from € 2.8 million to € 2.6 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 14, 2026.
€ 21.1 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.6 million
▼ 7% vs 2024
Profit after tax over the fiscal year.
€ 2.6 million
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
39 % of the profit went to the shareholders, mostly to SAS Rector Lesage (100 % of the shares). That is where the money ends up.
People and assets in 2025
41.2
▼ 5.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▼ 4% vs 2024
€ 73,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 38,149
▼ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.1 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 47 days on average.
€ 556,940
▲ 61% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,173,813 | € 17,833,417 | € 15,188,085 | € 15,325,351 | ▲ 1% |
| Profit after taxes | € 2,464,021 | € 3,120,629 | € 2,774,963 | € 2,581,516 | ▼ 7% |
| Equity | € 15,650,323 | € 17,770,952 | € 19,545,915 | € 21,127,431 | ▲ 8% |
| Total debts | € 3,334,703 | € 5,412,977 | € 2,588,472 | € 2,686,144 | ▲ 4% |
| Cash | € 5,145,756 | € 6,860,241 | € 1,946,313 | € 2,617,982 | ▲ 35% |
| Land & buildings | € 1,389,252 | € 1,467,425 | € 1,560,420 | € 1,525,295 | ▼ 2% |
| Retained profit | € 12,839,976 | € 14,960,605 | € 16,735,568 | € 18,317,084 | ▲ 9% |
| Dividend | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | |
| Balance sheet total | € 18,985,026 | € 23,183,929 | € 22,134,387 | € 23,813,576 | ▲ 8% |
| Employees (FTE) | 51.4 | 51 | 47 | 41.2 | ▼ 5.8 |
Key figures of KORATON, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KORATON?
What happened at KORATON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gauthier Lesage stepped down as director. NBB
- Franck Muller stepped down as director. NBB
- Ronan Blanchard stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.6 million (▼ 7% vs 2024). Source: NBB ↗
- Remi Lesage stepped down as director. NBB
- Gauthier Lesage became a director. NBB
- Franck Muller became a director. NBB
- Remi Lesage became a director. NBB
In short
From € 2.5 million profit in 2022 to € 2.6 million profit in 2025.
Paid € 3.8 million in corporate taxes since 2022.
Best year ever: 2023, with € 3.1 million profit.
Paid out € 4 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by SAS Rector Lesage (100%) and SAS Lesage Developpement (0%). It owns 100% of NERVA and 0% of N.C.I. itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
since 2023 · until 2025
Ronan Blanchard
Director
since 2023 · until 2029
since 2025 · until 2031
Shareholders
SAS Rector Lesage
100%
SAS Lesage Developpement
0%
Establishments
Establishment units
Physical locations of this company
Visserskaai(Kor) 26
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
OVH, FR
Website info
Features
Security
Network
Details
- Company number
- 0424.217.424
- VAT number
- BE 0424.217.424
- Registered office
- Visserskaai(Kor) 26, 8500 Kortrijk
- Names & denominations
- KORATON
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 July 1983
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- koraton.be
- Activities · NACE
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