Financials
Financial year 2025
KORESTATE from Kortrijk, company number BE0627721345, closed financial year 2025 with a result of € 1.7 million after tax. For that financial year KORESTATE recorded a gross margin of € 1.6 million and equity of € 28.2 million. Compared with financial year 2024, the result moved from € 3 million to € 1.7 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 June 29, 2026.
€ 28.2 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▼ 45% vs 2024
Profit after tax over the fiscal year.
€ 856,143
▲ 102% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 137,500 paid out
8 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 79,944
▲ 1% vs 2024
€ 79,900 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.
€ 60,431
▼ 40% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3 million
▼ 16% vs 2024
€ 562,789 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 114,308
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 27,267
▼ 56% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,702,521 | € 2,358,956 | € 5,624,170 | € 1,558,495 | ▼ 72% |
| Profit after taxes | € 1,090,886 | € 2,448,773 | € 2,986,756 | € 1,653,644 | ▼ 45% |
| Equity | € 21,766,510 | € 24,135,284 | € 26,687,039 | € 28,245,110 | ▲ 6% |
| Total debts | € 3,958,708 | € 3,413,049 | € 3,890,921 | € 3,296,732 | ▼ 15% |
| Cash | € 1,902,490 | € 943,214 | € 424,743 | € 856,143 | ▲ 102% |
| Land & buildings | € 7,283,920 | € 6,960,913 | € 7,994,296 | € 7,972,424 | |
| Retained profit | € 21,224,724 | € 23,593,497 | € 26,145,253 | € 27,661,397 | ▲ 6% |
| Dividend | € 0 | € 80,000 | € 435,000 | € 137,500 | ▼ 68% |
| Bank debt | € 3,475,103 | € 3,052,299 | € 3,549,495 | € 2,986,691 | ▼ 16% |
| Balance sheet total | € 25,726,461 | € 27,720,180 | € 30,739,804 | € 31,693,682 | ▲ 3% |
| Employees (FTE) | 0.6 | 1 | 1 | 1 |
Key figures of KORESTATE, 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 KORESTATE?
What happened at KORESTATE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.7 million (▼ 45% vs 2024). Source: NBB ↗
- JACQUES VANACKERE became a director. NBB
- BRUNO VANACKERE became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 1.7 million profit in 2025.
Paid € 2.7 million in corporate taxes since 2022.
Best year ever: 2024, with € 3 million profit.
On average € 1.6 million of value added per employee in 2025.
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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
Behind KORESTATE are JACQUES VANACKERE and BRUNO VANACKERE.
Directors
According to the 2025 annual accounts
JACQUES VANACKERE
Director
since 2023
BRUNO VANACKERE
Director
since 2023
Establishments
Establishment units
Physical locations of this company
President Kennedypark(Kor) 16B
8500 Kortrijk
President Kennedypark(Kor) 16 box B
8500 Kortrijk
Active since 31 March 2015
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0627.721.345
- VAT number
- BE 0627.721.345
- Registered office
- President Kennedypark(Kor) 16B, 8500 Kortrijk
- Names & denominations
- KORESTATE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 2015
- Peppol
- Active · Active since 19 Nov 2024
- Activities · NACE
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