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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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 5.5 to 3.2.
Financials
Financial year 2025
Entreprise Y. CORMAN from Baelen, company number BE0459459603, closed financial year 2025 with a result of € 89,358 after tax. For that financial year Entreprise Y. CORMAN recorded a gross margin of € 570,003 and equity of € 812,516. Compared with financial year 2024, the result moved from € 11,875 to € 89,358. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 812,516
▲ 14% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 89,358
▲ € 77,483 vs 2024
Profit after tax over the fiscal year.
€ 166,923
▼ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 477,693.
People and assets in 2025
3.2
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 178,793
▼ 35% vs 2024
€ 55,900 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.
€ 91,747
▼ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 21% vs 2024
€ 193,506 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 118,702
▲ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 693
▼ 86% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 731,596 | € 439,876 | € 595,559 | € 570,003 | ▼ 4% |
| Profit after taxes | € 148,855 | € -98,803 | € 11,875 | € 89,358 | ▲ € 77,483 |
| Equity | € 823,791 | € 690,899 | € 710,214 | € 812,516 | ▲ 14% |
| Total debts | € 1,002,778 | € 914,404 | € 1,611,992 | € 1,447,832 | ▼ 10% |
| Cash | € 260,839 | € 68,341 | € 262,235 | € 166,923 | ▼ 36% |
| Land & buildings | € 515,314 | € 481,678 | € 446,767 | € 414,508 | ▼ 7% |
| Retained profit | € 506,262 | € 376,459 | € 388,334 | € 477,693 | ▲ 23% |
| Dividend | € 0 | € 31,000 | € 0 | € 0 | |
| Bank debt | € 838,318 | € 718,093 | € 1,456,944 | € 1,148,107 | ▼ 21% |
| Balance sheet total | € 1,838,984 | € 1,615,154 | € 2,329,944 | € 2,282,072 | ▼ 2% |
| Employees (FTE) | 5.4 | 5.5 | 4.9 | 3.2 | ▼ 1.7 |
Key figures of Entreprise Y. CORMAN, 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 Entreprise Y. CORMAN?
What happened at Entreprise Y. CORMAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SEBASTIEN CORMAN stepped down as director. NBB
- YVON CORMAN stepped down as director. NBB
- YVON - PIERROT CORMAN stepped down as director. NBB
- CHANTAL LONDON stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 89,358 (▲ € 77,483 vs 2024). filed late Source: NBB ↗
- SEBASTIEN CORMAN became a director. NBB
- YVON CORMAN became a director. NBB
- YVON - PIERROT CORMAN became a director. NBB
In short
From € 148,855 profit in 2022 to € 89,358 profit in 2025.
Paid € 23,905 in corporate taxes since 2022.
Best year ever: 2022, with € 148,855 profit.
On average € 178,100 of value added per employee in 2025.
A new publication or filing at Entreprise Y. CORMAN? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
SEBASTIEN CORMAN
Director
since 2023 · until 2030
YVON CORMAN
Managing director
since 2023 · until 2030
YVON - PIERROT CORMAN
Director
since 2023 · until 2030
CHANTAL LONDON
Director
since 2023 · until 2030
Establishments
Establishment units
Physical locations of this company
Chemin des Aubépines 2
4837 Baelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0459.459.603
- VAT number
- BE 0459.459.603
- Registered office
- Chemin des Aubépines 2, 4837 Baelen
- Names & denominations
- Entreprise Y. CORMAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 1996
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Bouwrijp maken van terreinen
Grondverzet
Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Ondersteunende activiteiten in verband met de teelt van gewassen
Landschapsverzorging
Algemene bouw van andere niet-residentiële gebouwen
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie