What does CORMAN FRERES do?

CORMAN FRERES is an electrical contractor in Welkenraedt. Private Limited, started on 25 January 2001, 1 establishment.

What is the address of CORMAN FRERES?

The registered office of CORMAN FRERES is located at Rue des Prés 1, 4840 Welkenraedt.

Is CORMAN FRERES still active?

Yes. According to the CBE (31 October 2026) CORMAN FRERES is active, legal situation “Normale toestand”, started on 25 January 2001.

Is CORMAN FRERES registered on Peppol?

Yes, CORMAN FRERES is registered on the Peppol network with ID 0208:0473911019.

What is the enterprise number of CORMAN FRERES?

The enterprise number of CORMAN FRERES is BE0473911019.

When was CORMAN FRERES founded?

CORMAN FRERES was founded on 25 January 2001.

Who are the directors of CORMAN FRERES?

According to the 2025 annual accounts, the directors of CORMAN FRERES are: Patrick CORMAN, Bernard CORMAN.

Is CORMAN FRERES a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 25 January 2001; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did CORMAN FRERES make in 2025?

CORMAN FRERES recorded a loss after taxes of € 51,080 in financial year 2025.

What is the revenue of CORMAN FRERES?

As a small company, CORMAN FRERES is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 148,511.

How much does an employee at CORMAN FRERES earn?

The average wage cost per full-time employee at CORMAN FRERES was € 74,000 in 2025: staff costs of € 133,175 for 1.8 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CORMAN FRERES have?

According to the 2025 annual accounts, CORMAN FRERES has 1.8 full-time equivalents (FTE).

CORMAN FRERES (Private Limited) - Welkenraedt

Dossier CORMAN FRERES, printed on 1 November 2026 from databakkes.be/en/0473911019/corman-freres. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

CORMAN FRERES from Welkenraedt, company number BE0473911019, closed financial year 2025 with a result of € -51,080 after tax. For that financial year CORMAN FRERES recorded a gross margin of € 148,511 and equity of € 815,015. Compared with financial year 2024, the result moved from € 13,826 to € -51,080. 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 July 16, 2026.

What it is worth Healthy

€ 815,015

▼ 8% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -51,080

▼ still € 13,826 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 101,718

▼ 58% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 796,415.

People and assets in 2025

Full-time equivalents

1.8

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 133,175

▲ 3% vs 2024

€ 74,000 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.

Vehicles and equipment

€ 30,019

▼ 19% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 10 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 631,194

▼ 9% vs 2024

€ 63,571 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.

Owed to suppliers

€ 3,696

▼ 66% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 9,750

▼ 17% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 308,505 Gross margin 2022: € 308,505 First fiscal year in the series	€ 274,995 Gross margin 2023: € 274,995 ▼ 11% vs 2022 (€ 308,505) Unfavourable step	€ 210,356 Gross margin 2024: € 210,356 ▼ 24% vs 2023 (€ 274,995) Unfavourable step	€ 148,511 Gross margin 2025: € 148,511 ▼ 29% vs 2024 (€ 210,356) Unfavourable step	▼ 29%
Profit after taxes	€ 145,979 Profit after taxes 2022: € 145,979 First fiscal year in the series	€ 98,628 Profit after taxes 2023: € 98,628 ▼ 32% vs 2022 (€ 145,979) Unfavourable step	€ 13,826 Profit after taxes 2024: € 13,826 ▼ 86% vs 2023 (€ 98,628) Unfavourable step	€ -51,080 Profit after taxes 2025: € -51,080 ▼ € 64,906 vs 2024 (€ 13,826) Unfavourable step	▼ € 64,906
Equity	€ 828,642 Equity 2022: € 828,642 First fiscal year in the series	€ 899,269 Equity 2023: € 899,269 ▲ 9% vs 2022 (€ 828,642) Favourable step	€ 889,096 Equity 2024: € 889,096 ▼ 1% vs 2023 (€ 899,269) Unfavourable step	€ 815,015 Equity 2025: € 815,015 ▼ 8% vs 2024 (€ 889,096) Unfavourable step	▼ 8%
Total debts	€ 727,440 Total debts 2022: € 727,440 First fiscal year in the series	€ 933,337 Total debts 2023: € 933,337 ▲ 28% vs 2022 (€ 727,440) Unfavourable step	€ 847,383 Total debts 2024: € 847,383 ▼ 9% vs 2023 (€ 933,337) Favourable step	€ 779,947 Total debts 2025: € 779,947 ▼ 8% vs 2024 (€ 847,383) Favourable step	▼ 8%
Cash	€ 173,635 Cash 2022: € 173,635 First fiscal year in the series	€ 182,856 Cash 2023: € 182,856 ▲ 5% vs 2022 (€ 173,635) Favourable step	€ 243,076 Cash 2024: € 243,076 ▲ 33% vs 2023 (€ 182,856) Favourable step	€ 101,718 Cash 2025: € 101,718 ▼ 58% vs 2024 (€ 243,076) Unfavourable step	▼ 58%
Land & buildings	€ 636,031 Land & buildings 2022: € 636,031 First fiscal year in the series	€ 841,411 Land & buildings 2023: € 841,411 ▲ 32% vs 2022 (€ 636,031) Unchanged	€ 818,542 Land & buildings 2024: € 818,542 ▼ 3% vs 2023 (€ 841,411) Unchanged	€ 787,120 Land & buildings 2025: € 787,120 ▼ 4% vs 2024 (€ 818,542) Unchanged	▼ 4%
Retained profit	€ 810,042 Retained profit 2022: € 810,042 First fiscal year in the series	€ 880,669 Retained profit 2023: € 880,669 ▲ 9% vs 2022 (€ 810,042) Favourable step	€ 870,496 Retained profit 2024: € 870,496 ▼ 1% vs 2023 (€ 880,669) Unfavourable step	€ 796,415 Retained profit 2025: € 796,415 ▼ 9% vs 2024 (€ 870,496) Unfavourable step	▼ 9%
Dividend	€ 72,000 Dividend 2022: € 72,000 First fiscal year in the series	€ 28,000 Dividend 2023: € 28,000 ▼ 61% vs 2022 (€ 72,000) Unchanged	€ 24,000 Dividend 2024: € 24,000 ▼ 14% vs 2023 (€ 28,000) Unchanged	€ 23,000 Dividend 2025: € 23,000 ▼ 4% vs 2024 (€ 24,000) Unchanged	▼ 4%
Bank debt	€ 543,287 Bank debt 2022: € 543,287 First fiscal year in the series	€ 707,932 Bank debt 2023: € 707,932 ▲ 30% vs 2022 (€ 543,287) Unfavourable step	€ 693,262 Bank debt 2024: € 693,262 ▼ 2% vs 2023 (€ 707,932) Favourable step	€ 631,194 Bank debt 2025: € 631,194 ▼ 9% vs 2024 (€ 693,262) Favourable step	▼ 9%
Balance sheet total	€ 1,584,461 Balance sheet total 2022: € 1,584,461 First fiscal year in the series	€ 1,840,218 Balance sheet total 2023: € 1,840,218 ▲ 16% vs 2022 (€ 1,584,461) Unchanged	€ 1,743,856 Balance sheet total 2024: € 1,743,856 ▼ 5% vs 2023 (€ 1,840,218) Unchanged	€ 1,602,105 Balance sheet total 2025: € 1,602,105 ▼ 8% vs 2024 (€ 1,743,856) Unchanged	▼ 8%
Employees (FTE)	-	1.8 Employees (FTE) 2023: 1.8 First fiscal year in the series	1.8 Employees (FTE) 2024: 1.8 Unchanged (1.8) Unchanged	1.8 Employees (FTE) 2025: 1.8 Unchanged (1.8) Unchanged

Key figures of CORMAN FRERES, 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 FRERES?

What happened at CORMAN FRERES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jul 16, 2026 New annual accounts for financial year 2025: loss of € 51,080 (▼ € 64,906 vs 2024). Source: NBB ↗
2001 Patrick CORMAN became a director. NBB
2001 Bernard CORMAN became a director. NBB
Mar 14, 2001 New establishment in Welkenraedt. KBO
Jan 25, 2001 Start of the company according to the CBE. KBO

In short

From € 145,979 profit in 2022 to € 51,080 loss in 2025.

Paid € 99,466 in corporate taxes since 2022.

Best year ever: 2022, with € 145,979 profit.

On average € 82,500 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Patrick CORMAN Bernard CORMAN

CORMANIMMO

CORMAN FRERES

Behind CORMAN FRERES are Patrick CORMAN and Bernard CORMAN. The same people are also behind CORMANIMMO.

Directors

According to the 2025 annual accounts

Patrick CORMAN

Director

Also active at: CORMANIMMO

since 2001

Bernard CORMAN

Director

Also active at: CORMANIMMO

since 2001

Establishments

Establishment units

Physical locations of this company

Registered office

Rue des Prés 1

4840 Welkenraedt

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.

All companies at this address →

CORMANIMMO same network

€ -14,781 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0473.911.019

VAT number

BE 0473.911.019

Registered office

Rue des Prés 1, 4840 Welkenraedt

Names & denominations

CORMAN FRERES

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

25 January 2001

Peppol

Active · Active since 3 Feb 2026

Activities · NACE

Algemene elektrotechnische installatiewerken

Elektrische installatie

View on CBE Public ↗ Annual accounts (NBB) ↗

CORMAN FRERES

Financials

What happened to CORMAN FRERES?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions