Financials
Financial year 2025
CORMAN et FILS from Olne, company number BE0447765559, closed financial year 2025 with a result of € -31,391 after tax. For that financial year CORMAN et FILS recorded a gross margin of € 30,139 and equity of € 191,626. Compared with financial year 2024, the result moved from € 25,307 to € -31,391. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 191,626
▼ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -31,391
▼ still € 25,307 profit in 2024
Profit after tax over the fiscal year.
€ 27,670
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 152,747.
People and assets in 2025
€ 24,697
▼ 36% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 62,469
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 31,919
▼ 40% vs 2024
€ 13,925 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 10,174
Supplier invoices still open on the last day of the fiscal year.
€ 3,586
▼ 58% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 47,640 | € 41,764 | € 96,929 | € 30,139 | ▼ 69% |
| Profit after taxes | € -28,149 | € -24,866 | € 25,307 | € -31,391 | ▼ € 56,698 |
| Equity | € 225,949 | € 199,746 | € 224,035 | € 191,626 | ▼ 14% |
| Total debts | € 83,758 | € 64,877 | € 99,089 | € 67,646 | ▼ 32% |
| Cash | € 65,296 | € 42,687 | € 40,358 | € 27,670 | ▼ 31% |
| Land & buildings | € 190,622 | € 178,081 | € 165,624 | € 153,168 | ▼ 8% |
| Retained profit | € 183,697 | € 158,832 | € 184,139 | € 152,747 | ▼ 17% |
| Bank debt | € 62,701 | € 36,432 | € 53,422 | € 31,919 | ▼ 40% |
| Balance sheet total | € 315,520 | € 269,945 | € 327,959 | € 263,619 | ▼ 20% |
Key figures of CORMAN et FILS, 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 CORMAN et FILS?
What happened at CORMAN et FILS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 31,391 (▼ € 56,698 vs 2024). filed late Source: NBB ↗
- New establishment in Olne. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,149 loss in 2022 to € 31,391 loss in 2025.
Paid € 16 in corporate taxes since 2022.
Best year ever: 2024, with € 25,307 profit.
Establishments
Establishment units
Physical locations of this company
Voie Pirson 13
4877 Olne
Rue des Artisans 18
4877 Olne
Active since 1 July 1992
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.765.559
- VAT number
- BE 0447.765.559
- Registered office
- Voie Pirson 13, 4877 Olne
- Names & denominations
- CORMAN et FILS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 July 1992
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit
Installatie van verwarming, klimaatregeling en ventilatie
Sanitaire werkzaamheden
Overig loodgieterswerk