Financials
Financial year 2025
KORACHEM from Wommelgem, company number BE0442879432, closed financial year 2025 with a result of € -223,363 after tax. For that financial year KORACHEM recorded revenue of € 18.8 million and equity of € 4.8 million. Compared with financial year 2024, the result moved from € 148,059 to € -223,363. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 4.8 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -223,363
▼ still € 148,059 profit in 2024
Profit after tax over the fiscal year.
€ 638,241
▲ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -438,326.
People and assets in 2025
36.7
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.5 million
▲ 3% vs 2024
€ 95,800 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.
€ 435,960
▼ 25% vs 2024
Of which on lease € 427,581.
Debts at end 2025
€ 710,291
▼ 10% vs 2024
€ 152,552 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 2.3 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 732,091
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,183,107 | € 18,266,618 | € 17,146,047 | € 18,831,329 | ▲ 10% |
| Profit after taxes | € 3,407 | € 75,820 | € 148,059 | € -223,363 | ▼ € 371,422 |
| Equity | € 947,375 | € 1,023,195 | € 5,063,787 | € 4,840,424 | ▼ 4% |
| Total debts | € 7,028,390 | € 6,598,635 | € 4,913,478 | € 4,759,522 | ▼ 3% |
| Cash | € 217,069 | € 141,387 | € 472,523 | € 638,241 | ▲ 35% |
| Land & buildings | € 40,377 | € 74,649 | € 58,257 | € 84,930 | ▲ 46% |
| Retained profit | € 668,625 | € 744,445 | € -214,963 | € -438,326 | ▼ € 223,363 |
| Bank debt | € 3,352,247 | € 2,960,857 | € 790,524 | € 710,291 | ▼ 10% |
| Balance sheet total | € 8,062,265 | € 7,851,830 | € 10,177,265 | € 9,769,946 | ▼ 4% |
| Employees (FTE) | 29.3 | 27.2 | 35.9 | 36.7 | ▲ 0.8 |
Key figures of KORACHEM, 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 KORACHEM?
What happened at KORACHEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- THREESTONES BV stepped down as director. NBB
- STEFAAN HASPESLAGH BV stepped down as director. NBB
- KORAMIC CHEMICALS stepped down as director. NBB
- CHRISTIAN DUMOLIN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 223,363 (▼ € 371,422 vs 2024). filed late Source: NBB ↗
- 5P MANAGEMENT SOLUTIONS BV stepped down as director. NBB
- THREESTONES BV became a director. NBB
- KOEN BUYCK stepped down as director. NBB
In short
From € 3,407 profit in 2022 to € 223,363 loss in 2025.
Paid € 122,753 in corporate taxes since 2022.
Best year ever: 2024, with € 148,059 profit.
Pays suppliers within 57 days on average.
Management
The stake of Koramic Chemicals comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KORACHEMThe shares are held by Koramic Chemicals (100%).
Directors
According to the 2025 annual accounts
Managing director, Director · represented by Michel De Coninck
since 2026 · until 2029
Chairman of the board, Director · represented by HASPESLAGH STEFAAN
Also active at: KORAMIC INVESTMENTS, DECEUNINCK, PLASTICS DECEUNINCK, Tunal, So Easy Belgium, VITALO INTERNATIONAL
since 2025 · until 2029
Director · represented by Stéphane Vlaemminck
Also active at: RESIPLAST, RP INFRASTRUCTURE
since 2024 · until 2029
CHRISTIAN DUMOLIN
Chairman of the board, Director
Also active at: KORAMIC DEVELOPMENT, TrustCapital, KORAMIC REAL ESTATE INVESTMENT, Hallex, KORAMIC INVESTMENTS, CREASET, PATRIMCOUR, LESSIUS +21 more
since 2024 · until 2029
Director · represented by Bossuyt Diederik
Also active at: INSULO, VITALO INDUSTRIES, RESIPLAST, VITALO INTERNATIONAL, INVESTCO
since 2023 · until 2025
KOEN BUYCK
Director, Managing director
Also active at: FEDERATION DE L'INDUSTRIE DU BETON - FEDERATIE VAN DE BETONINDUSTRIE
since 2025 · until 2026
Director · represented by Piet De Coninck
since 2023 · until 2026
Director, Managing director · represented by Filip Herremans
Also active at: Specialty Paints & Coatings
since 2024 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gulkenrodestraat 3
2160 Wommelgem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →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
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
korachem.com
Registered
2024-06-24
Registrar
Combell NV
Expires
2026-06-24
Website info
Features
Security
Network
Details
- Company number
- 0442.879.432
- VAT number
- BE 0442.879.432
- Registered office
- Gulkenrodestraat 3, 2160 Wommelgem
- Names & denominations
- KORACHEM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 31 December 1990
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- korachem.com
- Activities · NACE
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