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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 40 to 36.
Financials
Financial year 2025
VLEESWAREN CORMA from Destelbergen, company number BE0421155291, closed financial year 2025 with a result of € -232,252 after tax. For that financial year VLEESWAREN CORMA recorded revenue of € 12.7 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € -201,672 to € -232,252. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 19, 2026.
€ 1.5 million
▼ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -232,252
▼ 15 % more loss than in 2024
Profit after tax over the fiscal year.
€ 343,491
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 302,148.
People and assets in 2025
36
▼ 2.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▼ 3% vs 2024
€ 59,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 153,300
▼ 27% vs 2024
Of which on lease € 134,490.
Debts at end 2025
€ 6.2 million
▼ 3% vs 2024
€ 383,852 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 2.3 million
▲ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 84 days on average.
€ 385,844
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 13,408,427 | € 12,709,365 | € 13,432,994 | € 12,683,051 | ▼ 6% |
| Profit after taxes | € -77,577 | € -44,480 | € -201,672 | € -232,252 | ▼ € 30,579 |
| Equity | € 2,020,207 | € 1,975,072 | € 1,773,400 | € 1,541,148 | ▼ 13% |
| Total debts | € 8,335,431 | € 8,385,722 | € 8,302,391 | € 9,006,360 | ▲ 8% |
| Cash | € 171,642 | € 271,819 | € 639,364 | € 343,491 | ▼ 46% |
| Land & buildings | € 1,126,865 | € 1,153,707 | € 1,206,149 | € 1,193,506 | ▼ 1% |
| Retained profit | € 780,552 | € 736,072 | € 534,400 | € 302,148 | ▼ 43% |
| Bank debt | € 5,734,891 | € 6,241,140 | € 6,356,638 | € 6,151,247 | ▼ 3% |
| Balance sheet total | € 10,404,216 | € 10,379,866 | € 10,087,255 | € 10,555,946 | ▲ 5% |
| Employees (FTE) | 39.6 | 40 | 38.2 | 36 | ▼ 2.2 |
Key figures of VLEESWAREN CORMA, fiscal years 2022 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 VLEESWAREN CORMA?
What happened at VLEESWAREN CORMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Koen Damme stepped down as director. NBB
- Matheo Cornelis stepped down as director. NBB
- Valerie Cornelis stepped down as director. NBB
- Dirk Cornelis stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 232,252. filed late Source: NBB ↗
- Koen Damme became a director. NBB
- Matheo Cornelis became a director. NBB
- Valerie Cornelis became a director. NBB
In short
From € 77,577 loss in 2022 to € 232,252 loss in 2025.
Paid € 48,358 in corporate taxes since 2022.
Pays suppliers within 84 days on average.
Management
The shares are held by Ganda (98.2%) and Dirk Cornelis (1.8%). It owns 67.7% of Emeraude and 29.8% of B&S NV itself.
Directors
According to the 2025 annual accounts
Koen Damme
Director
Owns 9.8% via Ganda
Also active at: B & S, EMERAUDE, GANDA, VLEESWAREN HOSTE, MA-VIAN
since 2024 · until 2030
since 2024 · until 2030
since 2024 · until 2030
Dirk Cornelis
Director
Owns 1.8% directly · Owns 58.9% via Ganda
Also active at: B & S, BELGIUM DELI, INTERMAR SERVICE, EMERAUDE, COMEX, GANDA, VLEESWAREN HOSTE
since 2024 · until 2030
Shareholders
Ganda · holding of Dirk Cornelis
98.2%
Dirk Cornelis · director
1.8%
Establishments
Establishment units
Physical locations of this company
Haenhoutstraat 210
9070 Destelbergen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.155.291
- VAT number
- BE 0421.155.291
- Registered office
- Haenhoutstraat 210, 9070 Destelbergen
- Names & denominations
- VLEESWAREN CORMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 November 1980
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vervaardiging van producten van vlees of van vlees van gevogelte
Vervaardiging van verse vleeswaren en van vleesconserven