KORTECH
Annual accounts 2025
abbreviated format, filed on 31-08-2026, 31 days late€62,787
▲ €70,273
-€24,901
▲ €52,684
-€40,567
▲ €52,922
€114,906
▼ 15.7%
-14.1%
▼ 5.4 percentage points
4.35
▼ 2.67
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €160,000. Estimated: probably between €120,000 and €230,000.
Balance sheet
balance sheet total €822,375 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-14.1%
Higher than 12% of 2,094 companies in 2025.
4.35
Higher than 80% of 2,010 companies in 2025.
-4.9%
Higher than 17% of 2,053 companies in 2025.
KORTECH
Middle half of the sector
80% of the sector
Abbreviated accounts in advertising and market research (NACE 73)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€31,195
Staff costs divided by the average number of full-time equivalents.
Blue and white collar1 blue-collar
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
822,375 | 871,619 | 976,850 | 1.0m | 855,829 | 825,410 | 571,406 | 617,852 | 638,615 | 668,609 | 675,432 | 700,649 | 716,208 | 795,712 | 780,595 | 866,328 | 849,226 | 875,101 | 941,617 | 954,274 | |
21/28 |
673,133 | 712,591 | 738,845 | 721,452 | 470,144 | 497,113 | 527,860 | 534,950 | 539,252 | 560,479 | 554,460 | 605,918 | 658,120 | 710,666 | 726,545 | 691,172 | 737,735 | 788,240 | 828,268 | 806,186 | |
22/27 |
673,133 | 712,591 | 738,845 | 721,452 | 470,144 | 497,113 | 527,860 | 534,950 | 539,252 | 560,479 | 554,460 | 605,918 | 658,120 | 710,666 | 726,545 | 691,172 | 737,735 | 788,240 | 828,268 | 806,186 | |
22 |
669,515 | 708,465 | 736,961 | 719,568 | 467,875 | 494,458 | 525,976 | 533,066 | 537,368 | 558,595 | 552,576 | 595,926 | 640,018 | 684,111 | 691,222 | 685,386 | 726,782 | 768,945 | 798,574 | 763,806 | |
23 |
- | - | - | - | 385 | 771 | - | - | - | - | - | - | - | - | 313 | 2,866 | 7,688 | 13,011 | 20,787 | 30,850 | |
24 |
3,618 | 4,126 | 1,884 | 1,884 | 1,884 | 1,884 | 1,884 | 1,884 | 1,884 | 1,884 | 1,884 | 9,993 | 18,102 | 26,556 | 35,010 | 2,920 | 3,266 | 6,285 | 8,907 | 11,530 | |
29/58 |
149,242 | 159,027 | 238,005 | 297,722 | 385,685 | 328,297 | 43,547 | 82,902 | 99,363 | 108,130 | 120,972 | 94,730 | 58,088 | 85,046 | 54,049 | 175,156 | 111,492 | 86,861 | 113,349 | 148,088 | |
40/41 |
39,898 | 15,571 | 19,815 | 18,443 | 76,087 | 90,047 | 42,492 | 73,245 | 73,125 | 98,477 | 62,118 | 94,510 | 56,789 | 62,370 | 46,545 | 160,771 | 110,237 | 57,960 | 108,267 | 132,585 | |
40 |
39,898 | 15,571 | 19,815 | 18,443 | 74,926 | 88,923 | 23,817 | 41,523 | 41,249 | 95,161 | 60,371 | 89,031 | 55,693 | 62,370 | 38,298 | 30,943 | 22,497 | 23,450 | 11,941 | 70,766 | |
41 |
- | - | - | - | 1,160 | 1,125 | 18,675 | 31,722 | 31,876 | 3,316 | 1,747 | 5,479 | 1,097 | - | 8,247 | 129,828 | 87,741 | 34,510 | 96,325 | 61,819 | |
54/58 |
109,341 | 143,302 | 218,188 | 279,132 | 309,457 | 238,135 | 344 | 8,170 | 25,077 | 9,653 | 58,854 | 220 | 1,299 | 22,676 | 7,505 | 14,385 | 1,254 | 28,901 | 5,082 | 15,503 | |
490/1 |
4 | 155 | 2 | 146 | 141 | 114 | 710 | 1,488 | 1,162 | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
822,375 | 871,619 | 976,850 | 1.0m | 855,829 | 825,410 | 571,406 | 617,852 | 638,615 | 668,609 | 675,432 | 700,649 | 716,208 | 795,712 | 780,595 | 866,328 | 849,226 | 875,101 | 941,617 | 954,274 | |
10/15 |
-115,798 | -75,231 | 18,257 | 65,999 | 125,656 | 150,332 | 158,800 | 197,777 | 217,939 | 224,592 | 199,943 | 156,826 | 194,431 | 205,759 | 207,433 | 191,238 | 196,889 | 198,455 | 182,359 | 184,598 | |
10/11 |
173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | |
10 |
173,525 | 173,525 | 173,525 | 173,525 | 173,525 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | 173,525 | |
13 |
25,822 | 25,822 | 25,822 | 25,822 | 25,822 | 25,822 | 25,822 | 25,822 | 25,822 | 25,822 | 25,736 | 20,655 | 20,575 | 31,498 | 32,424 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | |
130/1 |
17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | 17,353 | |
132 |
470 | 470 | 470 | 470 | 470 | 470 | 470 | 470 | 470 | 470 | 384 | 302 | 223 | 145 | 71 | - | - | - | - | - | |
133 |
8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 8,000 | 3,000 | 3,000 | 14,000 | 15,000 | - | - | - | - | - | |
14 |
-315,146 | -274,579 | -181,091 | -133,349 | -73,692 | -49,015 | -40,548 | -1,570 | 18,591 | 25,244 | 681 | -37,355 | 331 | 736 | 1,484 | 360 | 6,011 | 7,577 | -8,519 | -6,280 | |
17/49 |
938,174 | 946,850 | 958,593 | 953,175 | 730,172 | 675,077 | 412,606 | 420,075 | 420,676 | 444,017 | 475,489 | 543,823 | 521,777 | 589,953 | 573,161 | 675,090 | 652,337 | 676,647 | 759,258 | 769,676 | |
17 |
898,738 | 920,997 | 931,597 | 937,904 | 718,603 | 647,164 | 393,025 | 410,151 | 384,242 | 410,720 | 464,619 | 521,916 | 500,921 | 575,959 | 513,362 | 631,960 | 631,960 | 651,960 | 651,960 | 656,960 | |
170/4 |
590,742 | 612,367 | 613,841 | 623,598 | 398,706 | 399,587 | 393,025 | 410,151 | 384,242 | 410,720 | 464,619 | 521,916 | 500,921 | 575,959 | 513,362 | 631,960 | 631,960 | 651,960 | 651,960 | 656,960 | |
178/9 |
307,996 | 308,630 | 317,756 | 314,306 | 319,898 | 247,577 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
34,336 | 22,653 | 24,796 | 15,271 | 8,569 | 24,913 | 15,581 | 9,924 | 36,434 | 33,297 | 10,870 | 21,907 | 20,856 | 13,994 | 59,800 | 43,130 | 20,377 | 24,687 | 107,298 | 112,716 | |
42 |
14,662 | 14,186 | 13,705 | 13,281 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
44 |
5,062 | 3,613 | 6,377 | 410 | 8,375 | 23,905 | 11,638 | 4,561 | 15,789 | 14,483 | 2,407 | 20,388 | 18,346 | 5,374 | 9,351 | 29,143 | 3,552 | 3,168 | 11,415 | 35,997 | |
440/4 |
5,062 | 3,613 | 6,377 | 410 | 8,375 | 23,905 | 11,638 | 4,561 | 15,789 | 14,483 | 2,407 | 20,388 | 18,346 | 5,374 | 9,351 | 29,143 | 3,552 | 3,168 | 11,415 | 35,997 | |
46 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 41,790 | - | - | - | - | - | |
45 |
14,612 | 4,854 | 4,714 | 1,580 | 194 | 1,009 | 3,943 | 5,363 | 20,644 | 16,850 | 8,463 | 1,519 | 2,510 | 8,620 | 8,659 | 13,987 | 16,826 | 17,346 | 8,429 | 3,667 | |
450/3 |
9,734 | 1,702 | 4,714 | 1,580 | 194 | 437 | 2,974 | 2,027 | 18,574 | 16,850 | 8,463 | 1,519 | 2,510 | 8,620 | 8,659 | 13,987 | 16,826 | 17,346 | 8,429 | 3,667 | |
454/9 |
4,878 | 3,152 | - | - | - | 571 | 969 | 3,336 | 2,070 | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
- | - | - | - | - | - | - | - | - | 1,964 | - | - | - | - | - | - | - | 4,173 | 87,453 | 73,053 | |
492/3 |
5,100 | 3,200 | 2,200 | - | 3,000 | 3,000 | 4,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||||||
9900 |
62,787 | -7,486 | 17,708 | -5,657 | 17,350 | 44,264 | 16,317 | 42,171 | 44,899 | 93,470 | 119,866 | 39,205 | 66,001 | 78,882 | 110,648 | 66,963 | 77,523 | 76,659 | 60,265 | 84,105 | |
62 |
31,195 | 18,826 | 1,105 | 143 | 174 | 6,423 | 11,083 | 22,358 | 11,057 | - | - | - | - | - | - | - | - | - | - | - | |
630 |
39,458 | 39,126 | 37,762 | 29,998 | 26,969 | 31,903 | 31,518 | 28,855 | 27,560 | 35,000 | 51,459 | 52,201 | 52,547 | 56,114 | 54,509 | 46,563 | 50,505 | 57,866 | 58,650 | 60,174 | |
640/8 |
17,035 | 12,147 | 9,780 | 10,257 | 6,020 | 6,009 | 6,306 | 5,629 | 5,256 | 4,894 | 4,361 | 6,475 | 5,934 | 4,323 | 14,030 | 3,606 | 6,038 | 1,299 | 3,430 | 4,718 | |
9901 |
-24,901 | -77,585 | -30,939 | -46,055 | -15,814 | -71 | -32,590 | -14,671 | 1,026 | 53,575 | 64,046 | -19,471 | 7,520 | 18,445 | 42,109 | 16,794 | 20,979 | 17,493 | -1,814 | 19,213 | |
75/76B |
0 | 13 | 1 | - | - | 129 | 2,006 | 2,428 | 1,305 | 121 | 7 | 5 | 4 | 16 | 20 | 16 | 40 | 31 | 48 | 79 | |
75 |
0 | 13 | 1 | - | - | 129 | 2,006 | 2,428 | 1,305 | 121 | 7 | 5 | 4 | 16 | 20 | 16 | 40 | 31 | 48 | 79 | |
65/66B |
15,666 | 15,917 | 16,803 | 13,602 | 8,862 | 8,526 | 8,175 | 7,298 | 8,111 | 15,379 | 18,257 | 18,140 | 18,646 | 19,394 | 17,785 | 22,459 | 22,585 | 182 | 473 | 232 | |
65 |
15,666 | 15,917 | 16,803 | 13,602 | 8,862 | 8,526 | 8,175 | 7,298 | 8,111 | 15,379 | 18,257 | 18,140 | 18,646 | 19,394 | 17,785 | 22,459 | 22,585 | 182 | 473 | 232 | |
9903 |
-40,567 | -93,489 | -47,742 | -59,658 | -24,676 | -8,468 | -38,759 | -19,541 | -5,780 | 38,317 | 45,797 | -37,606 | -11,121 | -933 | 24,344 | -5,649 | -1,565 | 17,342 | -2,239 | 19,059 | |
67/77 |
- | - | - | - | - | - | 218 | 621 | 873 | 13,669 | 2,680 | - | 206 | 741 | 8,148 | 2 | - | 1,247 | - | 7,666 | |
9904 |
-40,567 | -93,489 | -47,742 | -59,658 | -24,676 | -8,468 | -38,977 | -20,162 | -6,653 | 24,649 | 43,118 | -37,606 | -11,328 | -1,674 | 16,196 | -5,652 | -1,565 | 16,095 | -2,239 | 11,393 | |
689 |
- | - | - | - | - | - | - | - | - | 86 | 82 | 80 | 77 | 74 | 71 | - | - | - | - | - | |
9905 |
-40,567 | -93,489 | -47,742 | -59,658 | -24,676 | -8,468 | -38,977 | -20,162 | -6,653 | 24,563 | 43,036 | -37,685 | -11,405 | -1,748 | 16,124 | -5,652 | -1,565 | 16,095 | -2,239 | 11,393 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-315,146 | -274,579 | -181,091 | -133,349 | -73,692 | -49,015 | -40,548 | -1,570 | 18,591 | 25,244 | 5,681 | -37,355 | -10,669 | -264 | 16,484 | 360 | 6,011 | 7,577 | -8,519 | -6,280 | |
14P |
-274,579 | -181,091 | -133,349 | -73,692 | -49,015 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | 11,000 | 1,000 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 5,000 | - | - | - | 15,000 | - | - | - | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | 5,000 | - | - | - | 15,000 | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
1 | - | - | - | - | - | 0.5 | 1 | 0.5 | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
1,880 | - | - | - | - | - | 820 | 1,763 | 927 | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||||||
The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00488650.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00488650 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00446059 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00436213 | |
| 31-12-2022 | micro format | 06-06-2024 | 2024-00116399 | |
| 31-12-2021 | micro format | 28-02-2023 | 2023-00034057 | |
| 31-12-2020 | micro format | 08-03-2022 | 2022-07300192 | |
| 31-12-2019 | micro format | 30-11-2020 | 2020-73800444 | |
| 31-12-2018 | micro format | 19-12-2019 | 2019-76800227 | |
| 31-12-2017 | micro format | 19-10-2018 | 2018-70000084 | |
| 31-12-2016 | abbreviated format | 17-08-2017 | 2017-45800108 | |
| 31-12-2015 | abbreviated format | 28-07-2016 | 2016-37400382 | |
| 31-12-2014 | abbreviated format | 30-07-2015 | 2015-38700576 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-55300053 | |
| 31-12-2012 | abbreviated format | 07-10-2013 | 2013-62300334 | |
| 31-12-2011 | abbreviated format | 20-07-2012 | 2012-32600170 | |
| 31-12-2010 | abbreviated format | 23-06-2011 | 2011-20500272 | |
| 31-12-2009 | abbreviated format | 21-06-2010 | 2010-19800395 | |
| 31-12-2008 | abbreviated format | 22-06-2009 | 2009-26800077 | |
| 31-12-2007 | abbreviated format | 09-06-2008 | 2008-20800291 | |
| 31-12-2006 | abbreviated format | 30-07-2007 | 2007-50800309 | |
| 31-12-2005 | abbreviated format | 29-06-2006 | 2006-34102875 | |
| 31-12-2004 | abbreviated format | 22-06-2005 | 2005-29501203 | |
| 31-12-2003 | abbreviated format | 24-06-2004 | 2004-30404692 | |
| 31-12-2002 | abbreviated format | 29-07-2003 | 2003-53403572 | |
| 31-12-2001 | abbreviated format | 16-07-2002 | 2002-38601228 | |
| 31-12-2000 | abbreviated format | 12-07-2001 | 2001-37202060 | |
| 31-12-1999 | abbreviated format | 02-10-2000 | 2000-61204679 | |
| 31-12-1998 | abbreviated format | 15-07-1999 | 1999-34104087 | |
| 31-12-1997 | abbreviated format | 02-10-1998 | 1998-50803344 | |
| 31-12-1996 | full format | 16-07-1998 | 1998-33501446 | |
| 31-12-1995 | abbreviated format | 28-06-1996 | 1996-25504176 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14,557 | -38,459 | 6,822 | -16,057 | 11,155 | 31,832 | -1,073 | 14,184 | 28,586 | 88,576 | 115,505 | 32,730 | 60,067 | 74,559 | 96,618 | 63,357 | 71,484 | 75,359 | 56,836 | 79,387 | ||
| -1,109 | -54,362 | -9,980 | -29,660 | 2,293 | 23,435 | -7,460 | 8,694 | 20,907 | 59,649 | 94,576 | 14,596 | 41,219 | 54,440 | 70,705 | 40,912 | 48,940 | 73,961 | 56,411 | 71,567 | ||
| 0 | 12,873 | 55,155 | 281,305 | 0 | 1,156 | 24,427 | 24,554 | 6,333 | 41,019 | 0 | 0 | 0 | 40,236 | 89,883 | 0 | 0 | 17,838 | 80,732 | 124,516 | ||
| -33,961 | -74,886 | -60,944 | -30,325 | 71,321 | 237,791 | -7,826 | -16,907 | 15,424 | -49,201 | 58,634 | -1,079 | -21,377 | 15,171 | -6,880 | 13,131 | -27,647 | 23,819 | -10,421 | - | ||
| 114,906 | 136,374 | 213,209 | 282,451 | 377,116 | 303,384 | 27,965 | 72,978 | 62,930 | 74,833 | 110,102 | 72,823 | 37,232 | 71,052 | -5,750 | 132,026 | 91,114 | 62,174 | 6,051 | 35,372 | ||
| -14.1% | -8.6% | 1.9% | 6.5% | 14.7% | 18.2% | 27.8% | 32.0% | 34.1% | 33.6% | 29.6% | 22.4% | 27.1% | 25.9% | 26.6% | 22.1% | 23.2% | 22.7% | 19.4% | 19.3% | ||
| 4.35 | 7.02 | 9.60 | 19.50 | 45.01 | 13.18 | 2.79 | 8.35 | 2.73 | 3.25 | 11.13 | 4.32 | 2.79 | 6.08 | 0.90 | 4.06 | 5.47 | 3.52 | 1.06 | 1.31 | ||
| - | - | 52.50 | 14.44 | 5.81 | 4.49 | 2.60 | 2.12 | 1.93 | 1.98 | 2.38 | 3.47 | 2.68 | 2.87 | 2.76 | 3.53 | 3.31 | 3.41 | 4.16 | 4.17 | ||
| - | - | -261.5% | -90.4% | -19.6% | -5.6% | -24.5% | -10.2% | -3.1% | 11.0% | 21.6% | -24.0% | -5.8% | -0.8% | 7.8% | -3.0% | -0.8% | 8.1% | -1.2% | 6.2% | ||
| -4.9% | -10.7% | -4.9% | -5.9% | -2.9% | -1.0% | -6.8% | -3.3% | -1.0% | 3.7% | 6.4% | -5.4% | -1.6% | -0.2% | 2.1% | -0.7% | -0.2% | 1.8% | -0.2% | 1.2% | ||
| 0.93 | -2.42 | 0.41 | -1.18 | 1.26 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| in full-time equivalents | 1 |
| 1 | |
| On a permanent contract | 1 |
Source: social balance sheet in the 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | €62,500 | €62,500 | €68,750 | - |
| Carrying value of the mortgaged assets | - | €339,068 | €307,593 | €274,253 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €12,873 | €55,155 | €281,305 | - |
| €39,458 | €39,126 | €37,762 | €29,998 | €26,969 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on KORTECH
The operating result for 2025 is a loss of €24,901, smaller than the loss of €77,585 in 2024.
Equity is negative. Debt (€938,174) exceeds the balance-sheet total (€822,375).