Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
CORMAN from Ferrières, company number BE0419694551, closed financial year 2025 with a result of € -11,579 after tax. Compared with financial year 2024, the result moved from € -10,130 to € -11,579. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2026.
€ -19,337
▼ € 11,579 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,579
▼ 14 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -37,929.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 25,821
▼ 26% vs 2024
€ 20,471 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 3,150
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 87,542 | - | - | - | |
| Gross margin | € 40,895 | € 30,586 | € 5,510 | - | |
| Profit after taxes | € 18,431 | € 3,484 | € -10,130 | € -11,579 | ▼ € 1,449 |
| Equity | € 36,409 | € 38,218 | € -7,759 | € -19,337 | ▼ € 11,579 |
| Total debts | € 61,567 | € 85,627 | € 47,746 | € 47,746 | |
| Cash | € 9,454 | - | - | - | |
| Land & buildings | € 80,234 | € 58,399 | € 34,975 | € 25,836 | ▼ 26% |
| Retained profit | € 11,117 | € 14,601 | € -26,351 | € -37,929 | ▼ € 11,579 |
| Bank debt | € 40,710 | € 40,689 | € 34,946 | € 25,821 | ▼ 26% |
| Balance sheet total | € 101,276 | € 126,320 | € 39,987 | € 28,409 | ▼ 29% |
Key figures of CORMAN, fiscal years 2021 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 CORMAN?
What happened at CORMAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,579. filed late Source: NBB ↗
- New establishment in Ferrières. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,431 profit in 2021 to € 11,579 loss in 2025.
Paid € 9,642 in corporate taxes since 2021.
Best year ever: 2021, with € 18,431 profit.
Management
Behind CORMAN is Nicolas Corman.
Directors
According to the 2025 annual accounts
Nicolas Corman
Manager
Establishments
Establishment units
Physical locations of this company
Voie Michel 4A
4190 Ferrières
Voie Michel 4a
4190 Ferrières
Active since 2 October 2003
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.694.551
- VAT number
- BE 0419.694.551
- Registered office
- Voie Michel 4A, 4190 Ferrières
- Names & denominations
- CORMAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 July 1979
- Peppol
- Not registered
- Activities · NACE
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