Financials
Financial year 2025
KORBAL from Putte, company number BE0866101221, closed financial year 2025 with a result of € 605,795 after tax. For that financial year KORBAL recorded a gross margin of € 810,266 and equity of € 12.3 million. Compared with financial year 2024, the result moved from € 1 million to € 605,795. The company is profitable. 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 March 11, 2026.
€ 12.3 million
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 605,795
▼ 41% vs 2024
Profit after tax over the fiscal year.
€ 217,888
▼ 13% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3,319
▼ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,000
▼ 98% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 976,863 | € 957,870 | € 965,832 | € 810,266 | ▼ 16% |
| Profit after taxes | € 1,020,058 | € 1,007,715 | € 1,023,098 | € 605,795 | ▼ 41% |
| Equity | € 11,400,082 | € 12,107,797 | € 12,730,895 | € 12,336,690 | ▼ 3% |
| Total debts | € 1,284,356 | € 560,489 | € 663,671 | € 369,377 | ▼ 44% |
| Cash | € 202,475 | € 31,136 | € 249,681 | € 217,888 | ▼ 13% |
| Retained profit | € 11,200,082 | € 11,907,797 | € 12,530,895 | € 12,136,690 | ▼ 3% |
| Dividend | € 300,000 | € 300,000 | € 400,000 | € 1,000,000 | ▲ 150% |
| Bank debt | € 620,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 12,684,438 | € 12,668,286 | € 13,394,567 | € 12,706,066 | ▼ 5% |
Key figures of KORBAL, 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 KORBAL?
What happened at KORBAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 605,795 (▼ 41% vs 2024). Source: NBB ↗
- Denis Smets stepped down as director. NBB
- Denis Smets became a director. NBB
- New establishment in Putte. KBO
- Start of the company according to the CBE. KBO
In short
From € 1 million profit in 2022 to € 605,795 profit in 2025.
Paid € 919,179 in corporate taxes since 2022.
Best year ever: 2024, with € 1 million profit.
Paid out € 2 million in dividends to the owners in total.
Management
It owns 100% of Ruta, 100% of Daerden, 100% of Distri Taveirne and 100% of Bobal itself.
Directors
According to the 2025 annual accounts
Denis Smets
Director
Also active at: Daerden, ALRAMA - INVEST, DISTRI TAVEIRNE, RUTA, IMMO SMETS, KLEYN VELDEKEN, BOBAL
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Beversluisweg 1
2580 Putte
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Daerden same network
€ 3.2 million gross margin · 2026
ALRAMA - INVEST same network
€ 263,066 gross margin · 2025
DISTRI TAVEIRNE same network
€ 7.6 million gross margin · 2026
RUTA same network
€ 2.3 million gross margin · 2026
IMMO SMETS same network
€ 660,224 gross margin · 2025
+4 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
- 0866.101.221
- VAT number
- BE 0866.101.221
- Registered office
- Beversluisweg 1, 2580 Putte
- Names & denominations
- KORBAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 2004
- Peppol
- Active · Active since 24 Feb 2025
- Activities · NACE
Activiteiten van holdings
Holdings