Public limited company · founded 1960 · 66 yrs activeKapel ter Bede(Kor) 84, 8500 Kortrijk, BelgiumKBO/BCE: BE 0400.281.485
Summary
KORAMIC DEVELOPMENT PROJECTS has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8,867 and a net result of €226,726. Equity is shrinking by ~77.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 17% of 4838 sector peers (fiscal year 2024). 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 2024
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.
Profitability39▲+8
Solvency25▲+1
Growth72=
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 €500 at 30 days acceptable
Liquidity ample (current ratio 5.86 against 3.17 in 2023; short-term debt: 16.2% and cash: 6.7% of total assets), but 100% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
○
neutral · No strike-offs in the KBO publications
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 17 March 1960, KORAMIC DEVELOPMENT PROJECTS was incorporated.1The name was changed to KORAMIC DEVELOPMENT in 2021 and to KORAMIC DEVELOPMENT PROJECTS in 2026.23In 2005 the registered office moved to Kortrijk.4The capital was increased 2 times between 2012 and 2026, most recently to EUR 60 million.53W-Digital was merged into the company in 2020.6Of the 7 current board members, OLIVER Management Consulting has served longest, since 2021.2Revenue went from EUR 50,000 in 2020 to EUR 16 million in 2024.7
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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-€974,416below the sector's middle half▲ 87.1%-€1.7mbelow the sector's middle half▼ 70.6%-€1.3mbelow the sector's middle half▲ 20.1%-€586,247below the sector's middle half▲ 55.8%€226,726above the sector's middle half
Equity€3.4mabove the sector's middle half▼ 22.5%€1.7mwithin the sector's middle half▼ 49.5%€368,388within the sector's middle half▼ 78.3%-€217,859below the sector's middle half€8,867below the sector's middle half
Total assets€3.7mwithin the sector's middle half▼ 97.4%€10.7mabove the sector's middle half▲ 194%€13.5mabove the sector's middle half▲ 26.2%€23.0mabove the sector's middle half▲ 69.6%€30.7mabove the sector's middle half▲ 33.5%
Working capital€1.9mabove the sector's middle half▲ 329%€1.1mabove the sector's middle half▼ 40.6%€7.9mabove the sector's middle half▲ 612%€14.7mabove the sector's middle half▲ 85.7%€24.2mabove the sector's middle half▲ 64.6%
Solvency92.0%above the sector's middle half▲ 88.9pp15.8%within the sector's middle half▼ 76.2pp2.7%below the sector's middle half▼ 13.1pp-0.9%below the sector's middle half▼ 3.7pp0.0%below the sector's middle half▲ 1.0pp
Current ratio7.39above the sector's middle half▲ 6.221.12within the sector's middle half▼ 6.262.92within the sector's middle half▲ 1.793.17above the sector's middle half▲ 0.255.86above the sector's middle half▲ 2.69
Return on assets (ROA)-26.7%below the sector's middle half▼ 21.4pp-15.5%below the sector's middle half▲ 11.2pp-9.8%below the sector's middle half▲ 5.7pp-2.6%below the sector's middle half▲ 7.2pp0.7%within the sector's middle half▲ 3.3pp
abovewithinbelowthe middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
2021Turnover +2,883%, Net result -71% on 2020.Merger absorbing W-Digital, effective 30-10-2020, in the previous fiscal year; now counts for a full year for the first time.
2020Net result +87% on 2019.Merger absorbing W-Digital, effective 30-10-2020.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 965% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30.7m
95.1%
Fixed assets€1.5m =
Current assets€29.2m ▲ 35.8%
Equity and liabilities €30.7m
99.6%
Equity€8,867
Provisions€127,600
Debt€30.5m
Debt finances 99.6% of the balance-sheet total.
Key figures and ratios
2024 value · change against 2023
Quick ratio
1.05▲
2023 · 0.68
Debt ≤ 1 year
€5.0m▼
2023 · €6.8m
Debt > 1 year
€25.5m▲
2023 · €16.4m
Income taxes
€310
A ratio outside any meaningful range has been withheld (balance sheet total €30.7m, equity €8,867).
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 192 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97% are still going.
Large
solvency under 10%
a profit under 5% of the balance sheet
without age
1.0%went bankrupt
1.6%stopped otherwise
97%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 192 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 · 2024 against 2023 · 66 lines
Balance sheetCode20232024
Assets
Total assets20/58€23.0m€30.7m▲
Fixed assets21/28€1.5m€1.5m=
Financial fixed assets28€1.5m€1.5m=
Affiliated companies280/1€1.5m€1.5m=
Participating interests280€1.5m€1.5m=
Current assets29/58€21.5m€29.2m▲
Stocks and contracts in progress3€16.9m€24.0m▲
Stocks30/36€16.9m€24.0m▲
Property held for sale35€16.9m€24.0m▲
Amounts receivable within one year40/41€650,065€2.9m▲
Trade receivables40€639,565€2.9m▲
Other amounts receivable41€10,500-
Cash at bank and in hand54/58€3.3m€2.1m▼
Deferred charges and accrued income490/1€596,555€207,648▼
Equity and liabilities
Total equity and liabilities10/49€23.0m€30.7m▲
Equity10/15-€217,859€8,867▲
Contributions10/11€29.8m€29.8m=
Capital10€29.8m€29.8m=
Issued capital100€29.8m€29.8m=
Reserves13€4.2m€4.2m=
Non-distributable reserves130/1€16,120€16,120=
Legal reserve130€16,120€16,120=
Tax-exempt reserves132€4.2m€4.2m=
Profit (loss) carried forward14-€34.3m-€34.0m▲
Provisions and deferred taxes16-€127,600
Provisions for liabilities and charges160/5-€127,600
Other liabilities and charges164/5-€127,600
Amounts payable17/49€23.2m€30.5m▲
Amounts payable after more than one year17€16.4m€25.5m▲
Financial debts170/4€16.4m€25.5m▲
Credit institutions173€3.4m€3.7m▲
Other loans174€13.0m€21.9m▲
Amounts payable within one year42/48€6.8m€5.0m▼
Current portion of amounts payable after more than one year42-€34,943
Trade debts44€6.6m€4.5m▼
Suppliers440/4€6.6m€4.5m▼
Taxes, remuneration and social security45€156,283€409,430▲
Taxes450/3€156,283€407,430▲
Remuneration and social security454/9-€2,000
Accrued charges and deferred income492/3-€12,294
Income statementCode20232024
Operating income70/76A€10.5m€15.7m▲
Turnover70€10.5m€15.7m▲
Other operating income74-€330
Operating charges60/66A€10.4m€14.1m▲
Goods for resale, raw materials and consumables60€6.9m€10.0m▲
Purchases600/8€15.4m€17.1m▲
Change in stocks: decrease (increase)609-€8.5m-€7.1m▲
Services and other goods61€3.0m€3.9m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€127,600
Other operating charges640/8€454,721€41,225▼
Operating profit (loss)9901€153,010€1.6m▲
Financial income75/76B€71,071€48,259▼
Recurring financial income75€71,071€48,259▼
Income from current assets751-€1,033
Other financial income752/9€71,071€47,226▼
Financial charges65/66B€810,328€1.5m▲
Recurring financial charges65€810,328€1.5m▲
Debt charges650€628,346€1.2m▲
Other financial charges652/9€181,982€289,640▲
Profit (loss) for the period before taxes9903-€586,247€227,036▲
Income taxes67/77-€310
Taxes670/3-€310
Profit (loss) for the period9904-€586,247€226,726▲
Profit (loss) for the period to be appropriated9905-€586,247€226,726▲
Appropriation of the result
Profit (loss) to be appropriated9906-€34.3m-€34.0m▲
Profit (loss) brought forward from the previous period14P-€33.7m-€34.3m▼
The notes to these accounts (32 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2020
2021
2022
2023
2024
Change
Operating income70/76A
-
€1.5m
€8.9m
€10.5m
€15.7m
▲ 49.1%
Turnover70
€50,000
€1.5m
€8.9m
€10.5m
€15.7m
▲ 49.1%
Other operating income74
-
-
-
-
€330
-
Operating charges60/66A
-
€3.4m
€9.7m
€10.4m
€14.1m
▲ 35.6%
Goods for resale, raw materials and consumables60
-
€897,619
€6.8m
€6.9m
€10.0m
▲ 44.9%
Purchases600/8
-
€7.1m
€8.9m
€15.4m
€17.1m
▲ 10.7%
Change in stocks: decrease (increase)609
-
-€6.2m
-€2.1m
-€8.5m
-€7.1m
▲ 17.0%
Services and other goods61
-
€2.5m
€2.8m
€3.0m
€3.9m
▲ 29.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€25,000
-
-
-
-
-
Provisions for liabilities and charges: additions (uses and reversals)635/8
-
-
-
-
€127,600
-
Other operating charges640/8
-
€5,599
€55,061
€454,721
€41,225
▼ 90.9%
Operating profit (loss)9901
-€15,209
-€1.9m
-€736,349
€153,010
€1.6m
▲ 965%
Financial income75/76B
-
€1.7m
€5.1m
€71,071
€48,259
▼ 32.1%
Recurring financial income75
€120.2m
€22,041
€79,256
€71,071
€48,259
▼ 32.1%
Income from financial fixed assets750
-
€6,645
-
-
-
-
Income from current assets751
-
€14,677
€1,500
-
€1,033
-
Other financial income752/9
-
€719
€77,756
€71,071
€47,226
▼ 33.6%
Non-recurring financial income76B
-
€1.7m
€5.0m
-
-
-
Financial charges65/66B
-
€1.5m
€5.7m
€810,328
€1.5m
▲ 79.1%
Recurring financial charges65
€120.9m
€108,456
€337,402
€810,328
€1.5m
▲ 79.1%
Debt charges650
€2.5m
€1,096
€164,378
€628,346
€1.2m
▲ 84.9%
Other financial charges652/9
-
€107,360
€173,024
€181,982
€289,640
▲ 59.2%
Non-recurring financial charges66B
-
€1.3m
€5.4m
-
-
-
Profit (loss) for the period before taxes9903
-€714,416
-€1.7m
-€1.3m
-€586,247
€227,036
▲ 139%
Income taxes67/77
€260,000
-€862
-
-
€310
-
Taxes670/3
-
-
-
-
€310
-
Tax adjustments and reversals of tax provisions77
-
€862
-
-
-
-
Profit (loss) for the period9904
-€974,416
-€1.7m
-€1.3m
-€586,247
€226,726
▲ 139%
Profit (loss) for the period to be appropriated9905
-€974,416
-€1.7m
-€1.3m
-€586,247
€226,726
▲ 139%
Line
2020
2021
2022
2023
2024
Change
Assets
Total assets20/58
€3.7m
€10.7m
€13.5m
€23.0m
€30.7m
▲ 33.5%
Fixed assets21/28
€1.5m
€583,957
€1.5m
€1.5m
€1.5m
=
Financial fixed assets28
€1.5m
€583,957
€1.5m
€1.5m
€1.5m
=
Affiliated companies280/1
-
€583,957
€1.5m
€1.5m
€1.5m
=
Participating interests280
-
€583,957
€1.5m
€1.5m
€1.5m
=
Current assets29/58
€2.2m
€10.1m
€12.0m
€21.5m
€29.2m
▲ 35.8%
Stocks and contracts in progress3
-
€6.2m
€8.4m
€16.9m
€24.0m
▲ 41.9%
Stocks30/36
-
€6.2m
€8.4m
€16.9m
€24.0m
▲ 41.9%
Property held for sale35
-
€6.2m
€8.4m
€16.9m
€24.0m
▲ 41.9%
Amounts receivable within one year40/41
€1.9m
€3.6m
€423,492
€650,065
€2.9m
▲ 353%
Trade receivables40
-
€103,599
€378,492
€639,565
€2.9m
▲ 360%
Other amounts receivable41
-
€3.5m
€45,000
€10,500
-
-
Cash at bank and in hand54/58
€224,936
€108,061
€3.1m
€3.3m
€2.1m
▼ 38.5%
Deferred charges and accrued income490/1
-
€251,749
€171,054
€596,555
€207,648
▼ 65.2%
Equity and liabilities
Total equity and liabilities10/49
€3.7m
€10.7m
€13.5m
€23.0m
€30.7m
▲ 33.5%
Equity10/15
€3.4m
€1.7m
€368,388
-€217,859
€8,867
▲ 104%
Contributions10/11
€29.8m
€29.8m
€29.8m
€29.8m
€29.8m
=
Capital10
-
€29.8m
€29.8m
€29.8m
€29.8m
=
Issued capital100
-
€29.8m
€29.8m
€29.8m
€29.8m
=
Reserves13
€4.2m
€4.2m
€4.2m
€4.2m
€4.2m
=
Non-distributable reserves130/1
-
€16,120
€16,120
€16,120
€16,120
=
Legal reserve130
-
€16,120
€16,120
€16,120
€16,120
=
Tax-exempt reserves132
-
€4.2m
€4.2m
€4.2m
€4.2m
=
Profit (loss) carried forward14
-€30.7m
-€32.4m
-€33.7m
-€34.3m
-€34.0m
▲ 0.7%
Provisions and deferred taxes16
-
-
-
-
€127,600
-
Provisions for liabilities and charges160/5
-
-
-
-
€127,600
-
Other liabilities and charges164/5
-
-
-
-
€127,600
-
Amounts payable17/49
€293,065
€9.0m
€13.2m
€23.2m
€30.5m
▲ 31.6%
Amounts payable after more than one year17
-
-
€9.0m
€16.4m
€25.5m
▲ 55.6%
Financial debts170/4
-
-
€9.0m
€16.4m
€25.5m
▲ 55.6%
Credit institutions173
-
-
€1.7m
€3.4m
€3.7m
▲ 7.5%
Other loans174
-
-
€7.4m
€13.0m
€21.9m
▲ 68.2%
Amounts payable within one year42/48
€293,065
€9.0m
€4.1m
€6.8m
€5.0m
▼ 26.6%
Current portion of amounts payable after more than one year42
-
-
-
-
€34,943
-
Financial debts43
-
€206,000
-
-
-
-
Credit institutions430/8
-
€206,000
-
-
-
-
Trade debts44
€22,910
€1.4m
€3.9m
€6.6m
€4.5m
▼ 31.6%
Suppliers440/4
-
€1.4m
€3.9m
€6.6m
€4.5m
▼ 31.6%
Taxes, remuneration and social security45
-
-
€227,178
€156,283
€409,430
▲ 162%
Taxes450/3
-
-
€227,178
€156,283
€407,430
▲ 161%
Remuneration and social security454/9
-
-
-
-
€2,000
-
Other amounts payable47/48
-
€7.5m
-
-
-
-
Accrued charges and deferred income492/3
-
€382
€135
-
€12,294
-
Line
2020
2021
2022
2023
2024
Change
Profit (loss) for the period9904
-€974,416
-€1.7m
-€1.3m
-€586,247
€226,726
▲ 139%
+ Depreciation and write-downs630
€25,000
-
-
-
-
-
Operating cash flow (approximation)
-€949,416
-€1.7m
-€1.3m
-€586,247
€226,726
▲ 139%
Investment in fixed assets (approximation)
-
€902,190
-€916,045
€0
€0
-
Change in cash
-
-€116,875
€3.0m
€260,928
-€1.3m
▼ 594%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
State Gazette actResignations: Christian DUMOLIN (bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur) and BERT WEEMAES (director)
Appointments: KORAMIC REAL ESTATE INVESTMENT, PATRIOS and Carl VAN DEN EYNDE · Permanent representatives: Christian DUMOLIN and Peter Alain ARTOIS · Name change18 facts ▸
General meeting, 22-12-2025
Name change, KORAMIC DEVELOPMENT PROJECTS
Capital increase, €30.000.000
Bank account, 18-12-2025
Capital decrease, €4.000.000
Capital, €55.841.408
Statutes amendment
Director resignation, Christian DUMOLIN (bestuurder, gedelegeerd bestuurder en voorzitter van de raad van bestuur)
Director appointment, KORAMIC REAL ESTATE INVESTMENT (director)
Permanent representative, Christian DUMOLIN
Director appointment, PATRIOS (director)
Permanent representative, Peter Alain ARTOIS
+6 further facts in this act
2025
15-09
State Gazette actReappointment: Carl Van den Eynde (director)
Resignations: Kouter Services BV, VDB Advisory CommV. and Oliver Management Consulting BV · Permanent representatives: Cathy Vincent, Dimitri Van den Bossche and 2 others · Appointment: Edge of Change BV (director)10 facts ▸
General meeting, 24-05-2025
Director reappointment, Carl Van den Eynde (director)
Director resignation, Kouter Services BV (director)
Permanent representative, Cathy Vincent
Director resignation, VDB Advisory CommV. (director)
Permanent representative, Dimitri Van den Bossche
Director resignation, Oliver Management Consulting BV (director)
Permanent representative, Bart Vermeulen
Director appointment, Edge of Change BV (director)
Permanent representative, Pieter Blondeel
25-06
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
2024
31-12
FinancialBack to profitnet €226,726
Net result €226,726 after 6 loss-making years.
19-09
State Gazette actAppointments: Oliver Management Consulting BV, Carl Van den Eynde and 2 others
Permanent representatives: Bart Vermeulen, Jimmy Sterckx and 2 others · Resignation: Sterckx Business Services BV (director and managing director)12 facts ▸
General meeting, 25-05-2024
Director appointment, Oliver Management Consulting BV (director)
Permanent representative, Bart Vermeulen
Board meeting, 13-06-2024
Director resignation, Sterckx Business Services BV (director and managing director)
Permanent representative, Jimmy Sterckx
Director appointment, Carl Van den Eynde (director)
Director appointment, Carl Van den Eynde (managing director)
Director appointment, Kouter Services BV (managing director)
Permanent representative, Cathy Vincent
Director appointment, VdB Advisory Comm. V. (managing director)
Permanent representative, Dimitri Van den Bossche
02-07
NBB filingAnnual accounts filed
fiscal year 2023 · full schema
07-03
State Gazette actAppointment: Christian Lecluyse (director)
2 facts ▸
General meeting, 23-01-2024
Director appointment, Christian Lecluyse (director)
09-02
State Gazette actAppointment: Sterckx Business Services BV (director)
Permanent representative: Jimmy Sterckx · Resignation: Oliver Management Consulting BV (managing director)6 facts ▸
General meeting, 10-01-2024
Director appointment, Sterckx Business Services BV (director)
Permanent representative, Jimmy Sterckx
Board meeting, 10-01-2024
Director resignation, Oliver Management Consulting BV (managing director)
Director appointment, Sterckx Business Services BV (managing director)
2023
23-11
State Gazette actResignation: THred BV (director and managing director)
Permanent representatives: Antoon Honings and Bart Vermeulen · Appointment: Oliver Management Consulting BV (director)6 facts ▸
Board meeting, 31-10-2023
Director resignation, THred BV (director and managing director)
Permanent representative, Antoon Honings
Director appointment, Oliver Management Consulting BV (director)
Permanent representative, Bart Vermeulen
Director appointment, Oliver Management Consulting BV (managing director)
02-08
State Gazette actReappointment: Boes Joseph-Michel Bedrijfsrevisor BV (statutory auditor)
Permanent representatives: Joseph-Michel Boes and Antoon Honings4 facts ▸
Director resignation, Odon BV (director and managing director)
Director resignation, NVE BV (director)
Director resignation, Oliver Management Consulting BV (director)
Director appointment, Thred BV (director)
Director appointment, Kouter Services BV (director)
Director appointment, Thred BV (managing director)
16-09
State Gazette actResignation: Liberty Associates SRL (director and managing director)
Appointment: Odon BV (managing director) · Permanent representatives: Hilde Famaey and Yves Van Hooland5 facts ▸
Board meeting, 01-09-2022
Director resignation, Liberty Associates SRL (director and managing director)
Director appointment, Odon BV (managing director)
Permanent representative, Hilde Famaey
Permanent representative, Yves Van Hooland
29-07
State Gazette actAppointments: ODON BV (director) and OLIVER MANAGEMENT CONSULTING BV (director)
Permanent representatives: Hilde Famaey and Bart Vermeulen5 facts ▸
General meeting, 24-06-2022
Director appointment, ODON BV (director)
Permanent representative, Hilde Famaey
Director appointment, OLIVER MANAGEMENT CONSULTING BV (director)
Permanent representative, Bart Vermeulen
01-07
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
16-06
State Gazette actResignations: Oliver Management Consulting BV (director and managing director) and Bert Weemaes BV (director)
Appointments: Liberty Associates SRL, NVE BV and 2 others · Permanent representatives: Yves Van Hooland, Nicolas Van Eupen and Dimitri Van den Bossche12 facts ▸
General meeting, 15-04-2022
Director resignation, Oliver Management Consulting BV (director and managing director)
Director resignation, Bert Weemaes BV (director)
Director appointment, Liberty Associates SRL (director)
Permanent representative, Yves Van Hooland
Director appointment, NVE BV (director)
Permanent representative, Nicolas Van Eupen
Director appointment, VdB Advisory Comm.V. (director)
Permanent representative, Dimitri Van den Bossche
Board meeting, 15-04-2022
Director appointment, Christian Dumolin (managing director)
Director appointment, Liberty Associates SRL (managing director)
2021
01-09
State Gazette actResignations: VLAEMMINCK BV (director) and DUMOLIN Christian (managing director)
Appointments: BERT WEEMAES (director) and OLIVER Management Consulting (director) · Permanent representatives: WEEMAES Bert and VERMEULEN Bart · Reappointment: DUMOLIN Christian (director)14 facts ▸
General meeting, 18-08-2021
Name change, KORAMIC DEVELOPMENT
Statutes amendment
Director resignation, VLAEMMINCK BV (director)
Director appointment, BERT WEEMAES (director)
Permanent representative, WEEMAES Bert
Director appointment, OLIVER Management Consulting (director)
Permanent representative, VERMEULEN Bart
Director reappointment, DUMOLIN Christian (director)
Board meeting, 18-08-2021
Director reappointment, DUMOLIN Christian (chair of the board)
Director appointment, BERT WEEMAES (managing director)
+2 further facts in this act
23-06
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
01-02
State Gazette actStatutes amendment · Restructuring
Net result drops to -€7.6m, the lowest in the series; recovery starts the following year.
31-12
FinancialLiquidity times 23current ratio 1.17
Current ratio from 0.05 to 1.17; short-term debt falls from €39.1m to €2.6m.
18-06
NBB filingAnnual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filingAnnual accounts filed
fiscal year 2017 · full schema
20-03
State Gazette actResignation: Ivan Van den Bulcke (director)
2 facts ▸
General meeting, 31-01-2018
Director resignation, Ivan Van den Bulcke (director)
2017
12-09
State Gazette actResignations: Deloitte Bedrijfsrevisoren BV, Ivan van den Bulcke and Veerle Vercaigne
Permanent representatives: Kurt Dehoorne and Dirk Van Vlaenderen · Reappointments: Deloitte Bedrijfsrevisoren BV, Ivan van den Bulcke and Veerle Vercaigne9 facts ▸
General meeting, 27/05/2017
Director resignation, Deloitte Bedrijfsrevisoren BV (statutory auditor)
Director resignation, Ivan van den Bulcke (director)
State Gazette actReappointment: Christian Dumolin (director)
5 facts ▸
General meeting, 22-05-2010
Director reappointment, Christian Dumolin (director)
Board meeting, 22-05-2010
Director reappointment, Christian Dumolin (chair)
Director reappointment, Christian Dumolin (managing director)
2009
30-11
State Gazette actAppointment: CLEMENT DE MEERSMAN (director)
Resignation: JAN LAGA (director)4 facts ▸
General meeting, 01-09-2009
Director appointment, CLEMENT DE MEERSMAN (director)
Board meeting, 06-10-2009
Director resignation, JAN LAGA (director)
2007
06-07
State Gazette actAppointments: Jan Heyse (director) and Delox (director)
Resignation: Benoit Tas (director) · Permanent representative: Patrick De Groote6 facts ▸
General meeting, 19-04-2007
Director appointment, Jan Heyse (director)
General meeting, 15-05-2007
Director resignation, Benoit Tas (director)
Director appointment, Delox (director)
Permanent representative, Patrick De Groote
2006
06-03
State Gazette actResignations: Levantas (director) and Koramic Holding (director)
Appointments: Benoit Tas, Koenraad Van der Elst and 2 others7 facts ▸
General meeting, 01-02-2006
Director resignation, Levantas (director)
Director resignation, Koramic Holding (director)
Director appointment, Benoit Tas (director)
Director appointment, Koenraad Van der Elst (director)
Director appointment, Ivan Van den Bulcke (director)
Director appointment, Christian Dumolin (managing director)
2005
02-08
State Gazette actAppointment: DELOITTE BEDRIJFSREVISOREN (statutory auditor)
Name change · Registered-office move · Purpose change16 facts ▸
General meeting, 13-07-2005
Name change, Koramic Industries
Registered-office move, 8500 Kortrijk, Ter Bede Business Center, Kapel ter Bede 84
Purpose change, Voor eigen rekening, voor rekening van derden of in deelneming met derden, zelf of door bemiddeling van elke andere natuurlijke of rechtspersoon, in Belgie of i…
Capital, €161.200
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
Statutes amendment
+4 further facts in this act
2004
27-09
State Gazette actPermanent representatives: Christian Dumolin and Paul Behets
Appointment: Christian Dumolin (chair)4 facts ▸
Board meeting, 08-09-2004
Permanent representative, Christian Dumolin
Permanent representative, Paul Behets
Director appointment, Christian Dumolin (chair)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
30 of 30 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.
7 directors, 3 in day-to-day management, no change since 2025
Managing director · since 13-06-2024 · Legal entity · perm. rep.: Dimitri Van den Bossche
Current
Permanent representatives 5
BV
VERMEULEN Bart
Permanent representative · since 18-08-2021 · for OLIVER Management Consulting
Current
BD
Dimitri Van den Bossche
Permanent representative · since 15-04-2022 · for VdB Advisory Comm. V.
Current
BP
Pieter Blondeel
Permanent representative · since 24-05-2025 · for Edge of Change BV
Current
DC
Christian DUMOLIN
Permanent representative · since 22-12-2025 · for KORAMIC REAL ESTATE INVESTMENT
Current
AP
Peter Alain ARTOIS
Permanent representative · since 22-12-2025 · for PATRIOS
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
GP
Patrick De Groote
Permanent representative · since 15-05-2007 · for Delox
Not recently confirmed
Statutory auditor 1
B&
Boes & Verrue Bedrijfsrevisoren BV
Statutory auditor · since 10-08-2026 · perm. rep.: Yannick Boes
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.
Registered office, Kortrijk · 1 establishment unit since 1960
The establishment unit on the mapLoading the map
seatestablishmentThe establishment unit on the map
Ground area
1.5 ha
Building footprint
392 m²
Volume, LiDAR
4,504 m³
Parcel 34353B0292/00H000, Flanders · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Koramic Industries
Kapel ter Bede(Kor) 84, 8500 KortrijkNACE 65234
since 19602.004.791.743
1 parcel
Flanders1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
34353B0292/00H000
Flanders
1.5 ha
1 · 392 m²
12.7 m · 4 fl.
Linked by address, not proof of ownership
Good to know
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.
Voor eigen rekening, voor rekening van derden of in deelneming met derden, zelf of door bemiddeling van elke andere natuurlijke of rechtspersoon, in België of in het buitenland…
Full purpose
Voor eigen rekening, voor rekening van derden of in deelneming met derden, zelf of door bemiddeling van elke andere natuurlijke of rechtspersoon, in België of in het buitenland alle prestaties te verrichten die rechtstreeks of onrechtstreeks betrekking hebben op: 1. Het nemen van participaties... 2. Het waarnemen van bestuurs- en vereffeningsmandaten... 3. Het toestaan van leningen... 4. Het oordeelkundig uitbreiden van haar roerend en onroerend patrimonium... 5. Het verlenen van financiële, administratieve, commerciële, juridische, fiscale, technische en consultatieve bijstand... 6. Het uitvoeren van alle studies en onderzoek... 7. Het optreden als tussenpersoon bij de aan- en verkoop van onroerende goederen... 8. Het ontwikkelen, kopen, verkopen, beheer, valoriseren, in licentie nemen of geven van brevetten, octrooien, know-how en andere intellectuele rechten. 9. De uitbating van kleigroeven en de aan- en verkoop van grondstoffen voor de keramische industrie, het uitvoeren van grondwerken. 10. De aan- en verkoop, huur- en verhuur en leasing van machines en materieel. 11. Het ontplooien van alle informatica-activiteiten... 12. Het aan- en verkopen, huren en verhuren en leasen van alle voertuigen, vaartuigen en vliegtuigen.
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 2024 annual accounts of KORAMIC DEVELOPMENT PROJECTS and those 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.
16 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. 1,794 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
Founded17-03-1960
Fiscal year end31-12
Abbreviation NLKODEV
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68121Development of residential building projects
68122Development of non-residential building projects
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID0208:0400281485
Also9925:BE0400281485
Registered15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.