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KORELEC

Active
Private limited companyfounded 1982active for 44 yearsBrugsesteenweg 153, 8520 Kuurne, BelgiumKBO/BCE: BE 0422.651.269
Summary

KORELEC has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of €707,759. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 93% of 9,806 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

History

KORELEC was incorporated on 27 April 1982.1 Total assets rose from €2.4m in 2018 to €4.0m in 2025 and headcount from 14.6 to 16.8 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
27-07
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
10-07
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2024
31-12
Financial Highest result from 2018 to 2025net €716,109 ▲18.2%
Net result €716,109, the highest in the series.
31-12
Financial Liquidity more than doubledcurrent ratio 6.17
Current ratio from 2.92 to 6.17; short-term debt falls from €968,153 to €474,671.
29-07
NBB filing Annual accounts filed
financial year 2023 · abbreviated format
2023
18-12
Gazette deed Reappointment: PIETER WILLEQUET (director)
Permanent representative: WILLEQUET Pieter Arne Joris · Amendment of the articles · Capital conversion10 facts ▸
  • General meeting, 04-12-2023
  • Amendment of the articles, 17
  • Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, besloten vennootschap(afgekort BV)” (deed in Dutch)
  • Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
  • Reserve release, “opheffing, onmiddellijk” (deed in Dutch)
  • Amendment of the articles
  • Director reappointment, PIETER WILLEQUET (director (not named in the articles))
  • Permanent representative, WILLEQUET Pieter Arne Joris
  • Registered office clause, “8520 Kuurne,Brugsesteenweg 153” (deed in Dutch)
  • Other provision, “coördinatie opmaken en ondertekenen en neerlegging in vennootschapsdossier, coördinatie statuten” (deed in Dutch)
13-07
NBB filing Annual accounts filed
financial year 2022 · abbreviated format
2022
31-08
NBB filing Annual accounts filed
financial year 2021 · abbreviated format · 31 days late
2021
28-09
NBB filing Annual accounts filed
financial year 2020 · abbreviated format · 59 days late
2020
31-12
Financial Equity above €2mequity €2.2m ▲19.8%
A profit in every financial year since 2018 builds equity to €2.2m.
07-10
NBB filing Annual accounts filed
financial year 2019 · abbreviated format · 68 days late
2019
23-08
NBB filing Annual accounts filed
financial year 2018 · abbreviated format · 23 days late
2018
20-08
NBB filing Annual accounts filed
financial year 2017 · abbreviated format · 20 days late
2017
22-08
NBB filing Annual accounts filed
financial year 2016 · abbreviated format · 22 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 43 annual accounts filed, the latest 10 are here; all 43 are under Financials.
1 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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