Public limited company · founded 1981 · 44 yrs activeVillalaan 96, 1500 Halle, BelgiumKBO/BCE: BE 0422.041.357
Summary
Korys Business Services III NV has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.4m and a net result of €181,747. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 95% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability42▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €800,000 at 30 days acceptable
short-term debt: 0.4% of total assets, and 0.5% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
○
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 17 October (5 of the last 5 filed years within 30 days of that day).
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 2 October 1981, Korys Business Services III NV was incorporated.1A capital increase in 2012 brought the capital to EUR 61,500.2The registered office moved to Huizingen in 2016 and to Halle in 2018.34Since 2017 the company has been called Korys Business Services III NV.5Total assets went from EUR 9 million in 2019 to EUR 9.4 million in 2025.6
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result-€2,636below the sector's middle half▼ 852%-€7,980below the sector's middle half▼ 203%€24,378within the sector's middle half€215,017above the sector's middle half▲ 782%€181,747above the sector's middle half▼ 15.5%
EBIT margin
Equity€8.9mabove the sector's middle half=€8.9mabove the sector's middle half▼ 0.1%€9.0mabove the sector's middle half▲ 0.3%€9.2mabove the sector's middle half▲ 2.4%€9.4mabove the sector's middle half▲ 2.0%
Total assets€9.0mabove the sector's middle half▼ 0.2%€9.0mabove the sector's middle half▲ 0.3%€9.1mabove the sector's middle half▲ 0.6%€9.3mabove the sector's middle half▲ 3.1%€9.4mabove the sector's middle half▲ 0.6%
Working capital€8.9mabove the sector's middle half=€8.9mabove the sector's middle half=€8.9mabove the sector's middle half▲ 0.4%€9.1mabove the sector's middle half▲ 2.2%€9.3mabove the sector's middle half▲ 2.1%
Solvency99.6%above the sector's middle half▲ 0.1pp99.3%above the sector's middle half▼ 0.3pp98.9%above the sector's middle half▼ 0.3pp98.2%above the sector's middle half▼ 0.7pp99.5%above the sector's middle half▲ 1.3pp
Current ratio92.67above the sector's middle half56.14above the sector's middle half▼ 36.53
Return on assets (ROA)0.0%below the sector's middle half=-0.1%below the sector's middle half▼ 0.1pp0.3%below the sector's middle half▲ 0.4pp2.3%within the sector's middle half▲ 2.0pp1.9%within the sector's middle half▼ 0.4pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0within the sector's middle half
abovewithinbelowthe middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13,815 in 2025 against €13,041 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.4m
99.6%
Fixed assets€39,325 ▼ 7.2%
Current assets€9.4m ▲ 0.7%
Equity and liabilities €9.4m
99.5%
Equity€9.4m ▲ 2.0%
Debt€42,539 ▼ 74.3%
Debt's share of the balance-sheet total falls from 1.8% to 0.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.00▼
2024 · 0.02
ROE
1.9%▼
2024 · 2.3%
Debt ≤ 1 year
€36,289▼
2024 · €165,604
Income taxes
€62,041▼
2024 · €70,987
A ratio outside any meaningful range has been withheld (balance sheet total €9.4m, equity €9.4m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
Medium-sized
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet
0.1%went bankrupt
2.0%stopped otherwise
98%still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.4%
3
0.5%
0.5%
4
0.6%
0.7%
5
0.8%
0.9%
6
1.2%
1.3%
7
1.5%
1.7%
8
1.7%
1.7%
9
2.7%
2.8%
10
5.3%
5.7%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,860 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 42 lines
Balance sheetCode20242025
Assets
Total assets20/58€9.3m€9.4m▲
Fixed assets21/28€42,366€39,325▼
Financial fixed assets28€42,366€39,325▼
Current assets29/58€9.3m€9.4m▲
Amounts receivable within one year40/41€9.3m€9.4m▲
Trade receivables40€29,343€60,634▲
Other amounts receivable41€9.3m€9.3m▲
Deferred charges and accrued income490/1-€6,250
Equity and liabilities
Total equity and liabilities10/49€9.3m€9.4m▲
Equity10/15€9.2m€9.4m▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€8.3m€8.3m=
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Distributable reserves133€8.3m€8.3m=
Profit (loss) carried forward14€841,422€1.0m▲
Amounts payable17/49€165,604€42,539▼
Amounts payable within one year42/48€165,604€36,289▼
Trade debts44€11,123€12,039▲
Suppliers440/4€11,123€12,039▲
Taxes, remuneration and social security45€142,356€12,125▼
Taxes450/3€142,356€12,125▼
Other amounts payable47/48€12,125€12,125=
Accrued charges and deferred income492/3-€6,250
Income statementCode20242025
Other operating charges640/8€977€968▼
Gross operating margin9900-€12,065-€12,847▼
Operating profit (loss)9901-€13,041-€13,815▼
Financial income75/76B€299,291€262,260▼
Recurring financial income75€282,791€262,260▼
Non-recurring financial income76B€16,500€0▼
Financial charges65/66B€246€4,658▲
Recurring financial charges65€246€282▲
Non-recurring financial charges66B€0€4,376▲
Profit (loss) for the period before taxes9903€286,004€243,787▼
Income taxes67/77€70,987€62,041▼
Profit (loss) for the period9904€215,017€181,747▼
Profit (loss) for the period to be appropriated9905€215,017€181,747▼
Appropriation of the result
Profit (loss) to be appropriated9906€841,422€1.0m▲
Profit (loss) brought forward from the previous period14P€626,406€841,422▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Other operating charges640/8
-
€899
€868
€977
€968
▼ 1.0%
Gross operating margin9900
-€11,351
-€9,208
-€11,140
-€12,065
-€12,847
▼ 6.5%
Operating profit (loss)9901
-€12,219
-€10,107
-€12,008
-€13,041
-€13,815
▼ 5.9%
Financial income75/76B
-
€10,399
€58,361
€299,291
€262,260
▼ 12.4%
Recurring financial income75
€10,250
€10,399
€58,361
€282,791
€262,260
▼ 7.3%
Non-recurring financial income76B
-
-
-
€16,500
€0
▼ 100%
Financial charges65/66B
-
€8,663
€10,366
€246
€4,658
▲ 1,795%
Recurring financial charges65
€262
€250
€250
€246
€282
▲ 14.7%
Non-recurring financial charges66B
-
€8,413
€10,116
€0
€4,376
-
Profit (loss) for the period before taxes9903
-€2,231
-€8,371
€35,987
€286,004
€243,787
▼ 14.8%
Income taxes67/77
€405
-€392
€11,610
€70,987
€62,041
▼ 12.6%
Profit (loss) for the period9904
-€2,636
-€7,980
€24,378
€215,017
€181,747
▼ 15.5%
Profit (loss) for the period to be appropriated9905
-€2,636
-€7,980
€24,378
€215,017
€181,747
▼ 15.5%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€9.0m
€9.0m
€9.1m
€9.3m
€9.4m
▲ 0.6%
Fixed assets21/28
€44,395
€35,982
€25,866
€42,366
€39,325
▼ 7.2%
Financial fixed assets28
€44,395
€35,982
€25,866
€42,366
€39,325
▼ 7.2%
Current assets29/58
€8.9m
€9.0m
€9.0m
€9.3m
€9.4m
▲ 0.7%
Amounts receivable within one year40/41
€8.9m
€9.0m
€9.0m
€9.3m
€9.4m
▲ 0.6%
Trade receivables40
-
€28,610
€28,435
€29,343
€60,634
▲ 107%
Other amounts receivable41
-
€8.9m
€9.0m
€9.3m
€9.3m
▲ 0.3%
Deferred charges and accrued income490/1
-
-
-
-
€6,250
-
Equity and liabilities
Total equity and liabilities10/49
€9.0m
€9.0m
€9.1m
€9.3m
€9.4m
▲ 0.6%
Equity10/15
€8.9m
€8.9m
€9.0m
€9.2m
€9.4m
▲ 2.0%
Contributions10/11
€61,500
€61,500
€61,500
€61,500
€61,500
=
Capital10
-
€61,500
€61,500
€61,500
€61,500
=
Issued capital100
-
€61,500
€61,500
€61,500
€61,500
=
Reserves13
€8.3m
€8.3m
€8.3m
€8.3m
€8.3m
=
Non-distributable reserves130/1
-
€6,150
€6,150
€6,150
€6,150
=
Legal reserve130
-
€6,150
€6,150
€6,150
€6,150
=
Distributable reserves133
-
€8.3m
€8.3m
€8.3m
€8.3m
=
Profit (loss) carried forward14
€610,008
€602,028
€626,406
€841,422
€1.0m
▲ 21.6%
Amounts payable17/49
€35,094
€66,288
€97,450
€165,604
€42,539
▼ 74.3%
Amounts payable within one year42/48
€35,094
€66,288
€97,450
€165,604
€36,289
▼ 78.1%
Trade debts44
€9,115
€9,419
€10,321
€11,123
€12,039
▲ 8.2%
Suppliers440/4
-
€9,419
€10,321
€11,123
€12,039
▲ 8.2%
Taxes, remuneration and social security45
-
€45,119
€75,379
€142,356
€12,125
▼ 91.5%
Taxes450/3
-
€45,119
€75,379
€142,356
€12,125
▼ 91.5%
Other amounts payable47/48
-
€11,750
€11,750
€12,125
€12,125
=
Accrued charges and deferred income492/3
-
-
-
-
€6,250
-
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
-€2,636
-€7,980
€24,378
€215,017
€181,747
▼ 15.5%
Operating cash flow (approximation)
-€2,636
-€7,980
€24,378
€215,017
€181,747
▼ 15.5%
Investment in fixed assets (approximation)
-
€8,413
€10,116
-€16,500
€3,041
▲ 118%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Name change · Purpose change · Statutes amendment5 facts ▸
General meeting, 30-06-2017
Name change, Korys Business Services III NV
Purpose change, Het waarnemen van bestuurdersfuncties, het verlenen van advies. management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap…
Statutes amendment
Power of attorney, Raad van Bestuur
20-06
State Gazette actAppointments: SPRL Mazerine Partners (managing director) and BVBA Colfima (managing director)
Permanent representatives: Vincent Vliebergh and Dries Colpaert5 facts ▸
Board meeting, 14/10/2016
Director appointment, SPRL Mazerine Partners (managing director)
Director appointment, BVBA Colfima (managing director)
Permanent representative, Vincent Vliebergh
Permanent representative, Dries Colpaert
2016
10-11
State Gazette actReappointment: VGD Bedrijfsrevisoren (statutory auditor)
Permanent representatives: Maarten Lindemans, Vincent Vliebergh and Dries Colpaert · Resignations: DHAM NV (director and managing director) and Franciscus Colruyt (director) · Appointments: Mazerine Partners, Colfima and Sofie Gabriels11 facts ▸
Capital · Power of attorney · Fiscal year change7 facts ▸
General meeting, 26-03-2014
Statutes amendment
Capital, €61.500
Statutes amendment
Power of attorney, Raad van Bestuur
Fiscal year change, Boekjaar loopt van 1 april tot 31 maart; overgang: huidig boekjaar 1 juni 2013 – 31 maart 2014, volgend boekjaar 1 april 2014 – 31 maart 2015
Annual meeting change, Jaarvergadering op dinsdag voor de laatste zaterdag van september om 11 uur; eerstvolgende: 23 september 2014
02-01
State Gazette actResignations: Marij Colruyt, Annemie Colruyt and Piet Colruyt
Appointments: Jozef Colruyt, Willem Colruyt and 4 others · Permanent representatives: Jozef Colruyt and Maarten Lindemans · Power of attorney16 facts ▸
General meeting, 28-10-2013
Director resignation, Marij Colruyt (director)
Director resignation, Annemie Colruyt (director)
Director appointment, Jozef Colruyt (director)
Director appointment, Willem Colruyt (director)
Director appointment, Maria Colruyt (director)
Director appointment, Franciscus Colruyt (director)
Director appointment, DHAM NV (director)
Permanent representative, Jozef Colruyt
Auditor appointment, De Deken, Scheffer, Van Reusel & C (statutory auditor)
Permanent representative, Maarten Lindemans
Board meeting, 13-12-2013
+4 further facts in this act
2012
16-03
State Gazette actRegistered office · Restructuring
Appointment: De Deken, Scheffer, van Reussel en C° Bedrijfsrevisoren (statutory auditor) · Demerger · Share issue15 facts ▸
General meeting, 28-02-2012
Demerger, partial split by creation, 01-06-2011
Share issue, new shares, 15906771
Accounting effect, 01-02-2012
Capital decrease, €-49.718
Reserve release, EUR, 4972
Capital increase, €48.718
Capital, €61.500
Registered-office move, 1654 Huizingen, A. Vaucampslaan 42
Statutes amendment
Incorporation, 28-02-2012
Contribution in kind, 1546607979, geschatte intrinsieke waarde per 31-01-2012
+3 further facts in this act
19-01
State Gazette actCapital & shares · Statutes amendment
4 facts ▸
General meeting, 27-12-2011
Statutes amendment
Statutes amendment
Statutes amendment
2011
14-12
State Gazette actResignations: Piet Colruyt, Annemie Colruyt and Marij Colruyt
Reappointments: Piet Colruyt, Annemie Colruyt and Marij Colruyt9 facts ▸
General meeting, 24-10-2011
Director resignation, Piet Colruyt (managing director)
Director resignation, Annemie Colruyt (director)
Director resignation, Marij Colruyt (director)
Director reappointment, Piet Colruyt (director)
Director reappointment, Annemie Colruyt (director)
Director reappointment, Marij Colruyt (director)
Board meeting, 28-10-2011
Director reappointment, Piet Colruyt (managing director)
24-11
State Gazette actRestructuring · Miscellaneous
Demerger1 fact ▸
Demerger, partiële splitsing door oprichting van een nieuwe vennootschap
2010
06-10
State Gazette actResignation: Julo Colruyt (director)
Director reappointment, Piet Colruyt (managing director)
2005
21-11
State Gazette actReappointments: Piet Colruyt, Annemie Colruyt and Julo Colruyt
4 facts ▸
General meeting, 24-10-2005
Director reappointment, Piet Colruyt (director)
Director reappointment, Annemie Colruyt (director)
Director reappointment, Julo Colruyt (director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
25 of 25 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
under verification, no change since 2025
This board is reconstructed from a single act (25136181). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Statutory auditor · since 20-09-2016 · perm. rep.: Maarten Lindemans
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Het verwerven, te gelde maken, inbrengen, afstaan en verhandelen door uitgiften of andere middelen voor eigen rekening of voor rekening van derden, van alle soorten marktwaarden…
Full purpose
Het verwerven, te gelde maken, inbrengen, afstaan en verhandelen door uitgiften of andere middelen voor eigen rekening of voor rekening van derden, van alle soorten marktwaarden, aandelen, deelbewijzen of obligaties, van participaties of belangen onder gelijk welke vorm in Belgische of buitenlandse vennootschappen of ondernemingen bestaande of op te richten. Het aankopen, verkopen, huren, verhuren en het beheren in de breedste zin van onroerende goederen. Het aanzoeken, verwerven, afstaan, verhandelen, verpachten en uitbaten van allerlei concessies, brevetten en licenties. Investeren in studies, opleiding, scholen en publicatie van de resultaten ervan, alsook het verkopen-verhuren of ter beschikking stellen van dit studiewerk aan derden, al dan niet tegen vergoeding. Toekennen van studiebeurzen en toelagen aan stichtingen, maatschappij- of personen die studiewerk of opzoekingen verrichten. Het verlenen van financiële ondersteuning aan personen, groeperingen, stichtingen of maatschappijen die activiteiten ontwikkelen ter verhoging van kennis, wetenschap of de toepassing of bekendmaking ervan zelfs met winstgevend doel. In de algemene regel: het voeren van allerhande verhandelingen en verrichtingen op roerend, onroerend, hypothecair, commercieel, industrieel en financieel plan met betrekking tot de hierboven genoemde toepassingsvelden. En er zich voor interesseren onder de vorm van steun, inschrijving op emissies, verwerving, participaties en fusies. Het scheppen en beheren, in het kader van zijn sociale taak van maatschappijen en syndicaten, het uitgeven van titels, aandelen, deelbewijzen en obligaties. Zijn activiteit kan zich ook uitstrekken in België en in het buitenland. Het waarnemen van bestuurdersfuncties, het verlenen van advies, management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf voert. Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
39 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 5,712 companies in sector 70100 we hold annual accounts for 3,519. 894 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded02-10-1981
Fiscal year end31-03
Activities, NACEBEL 2025
70100Activities of head offices
Contact
E-mailsofie.gabriels@korys.beHalle
Phone02/3182523Halle
E-invoicing
Reachable via Peppol
Peppol ID0208:0422041357
Registered27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.