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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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
KORFINE from Kortrijk, company number BE0835489506, closed financial year 2025 with a result of € 861,903 after tax. For that financial year KORFINE recorded revenue of € 9.7 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 375,464 to € 861,903. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 2 million
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 861,903
▲ 130% vs 2024
Profit after tax over the fiscal year.
€ 7.8 million
▲ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 500,000 paid out
58 % of the profit went to the shareholders, mostly to Korfinae (100 % of the shares). That is where the money ends up.
People and assets in 2025
22.9
▼ 3.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▼ 24% vs 2024
€ 65,400 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.2 million
▲ 117% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 240 days on average.
€ 370,063
▲ 31% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 9,654,147 | |
| Gross margin | € 1,950,271 | € 2,843,074 | € 4,733,256 | - | |
| Profit after taxes | € 100,867 | € 168,432 | € 375,464 | € 861,903 | ▲ 130% |
| Equity | € 1,115,555 | € 1,283,987 | € 1,659,451 | € 2,021,354 | ▲ 22% |
| Total debts | € 40,353,575 | € 38,166,106 | € 34,559,553 | € 32,529,152 | ▼ 6% |
| Cash | € 9,831,570 | € 5,831,404 | € 5,490,096 | € 7,760,845 | ▲ 41% |
| Retained profit | € 953,055 | € 1,121,487 | € 1,496,951 | € 1,858,854 | ▲ 24% |
| Dividend | € 0 | € 0 | € 0 | € 500,000 | |
| Balance sheet total | € 41,469,130 | € 39,950,093 | € 38,719,004 | € 38,550,506 | |
| Employees (FTE) | 22.7 | 25 | 26.4 | 22.9 | ▼ 3.5 |
Key figures of KORFINE, 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 KORFINE?
What happened at KORFINE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick Boterbergh stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 861,903 (▲ 130% vs 2024). Source: NBB ↗
- Patrick Boterbergh became a director. NBB
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 100,867 profit in 2022 to € 861,903 profit in 2025.
Paid € 608,653 in corporate taxes since 2022.
Best year ever: 2025, with € 861,903 profit.
On average € 179,300 of value added per employee in 2024.
A new publication or filing at KORFINE? We notify you, reason included.
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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 stake of Korfinae comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KORFINEThe shares are held by Korfinae (100%). It owns 100% of Assurapp, 100% of CheckNet Belgium and 68.8% of Korfina Development Center itself.
Directors
According to the 2025 annual accounts
Patrick Boterbergh
Managing director
Also active at: Confederatie van Immobiliënberoepen Vlaanderen, Vlaams Studie- en Kenniscentrum Vastgoed en Wonen/Centre d'Etude et de Connaissance de l'Immobilier et de l'Habitat, BB & B, SANDRIMMO, Arabeske, KORFINA DEVELOPMENT CENTER, ASSURAPP, CHECKNET BELGIUM +3 more
since 2023 · until 2029
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Nijverheidskaai(Kor) 3 box 21
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →Arabeske same network
€ 120,896 gross margin · 2025
KORFINA DEVELOPMENT CENTER same network
€ 3.9 million gross margin · 2025
ASSURAPP same network
€ 943,968 gross margin · 2025
CHECKNET BELGIUM same network
€ 804,739 gross margin · 2025
B.M. JORI
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0835.489.506
- VAT number
- BE 0835.489.506
- Registered office
- Nijverheidskaai(Kor) 3 bus 21, 8500 Kortrijk
- Names & denominations
- KORFINE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 April 2011
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van verzekeringsagenten en -makelaars