Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
KORTECH from Bierbeek, company number BE0453236359, closed financial year 2025 with a result of € -40,567 after tax. For that financial year KORTECH recorded a gross margin of € 62,787 and equity of € -115,798. Compared with financial year 2024, the result moved from € -93,489 to € -40,567. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -115,798
▼ € 40,567 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -40,567
▲ 57 % less loss than in 2024
Profit after tax over the fiscal year.
€ 109,341
▼ 24% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -289,324.
People and assets in 2025
€ 31,195
▲ 66% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,618
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 605,404
▼ 3% vs 2024
€ 14,662 is repaid this year. At this pace the long-term loan is gone in ≈ 41 years.
€ 5,062
▲ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,612
▲ 201% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,657 | € 17,708 | € -7,486 | € 62,787 | ▲ € 70,273 |
| Profit after taxes | € -59,658 | € -47,742 | € -93,489 | € -40,567 | ▲ € 52,922 |
| Equity | € 65,999 | € 18,257 | € -75,231 | € -115,798 | ▼ € 40,567 |
| Total debts | € 953,175 | € 958,593 | € 946,850 | € 938,174 | ▼ 1% |
| Cash | € 279,132 | € 218,188 | € 143,302 | € 109,341 | ▼ 24% |
| Land & buildings | € 719,568 | € 736,961 | € 708,465 | € 669,515 | ▼ 5% |
| Retained profit | € -107,527 | € -155,268 | € -248,757 | € -289,324 | ▼ € 40,567 |
| Bank debt | € 636,878 | € 627,546 | € 626,553 | € 605,404 | ▼ 3% |
| Balance sheet total | € 1,019,173 | € 976,850 | € 871,619 | € 822,375 | ▼ 6% |
Key figures of KORTECH, 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 KORTECH?
What happened at KORTECH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Astrid Carbonez stepped down as director. NBB
- Sophie Carbonez stepped down as director. NBB
- Marianne De Backer stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 40,567. filed late Source: NBB ↗
- Astrid Carbonez became a director. NBB
- Sophie Carbonez became a director. NBB
- Marianne De Backer became a director. NBB
- New establishment in Bierbeek. KBO
In short
From € 59,658 loss in 2022 to € 40,567 loss in 2025.
Management
Establishments
Establishment units
Physical locations of this company
Oude Baan 79
3360 Bierbeek
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.
Details
- Company number
- 0453.236.359
- VAT number
- BE 0453.236.359
- Registered office
- Oude Baan 79, 3360 Bierbeek
- Names & denominations
- KORTECH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 August 1994
- Peppol
- Active · Active since 24 May 2024
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