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.
€ 815,015
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -51,080
▼ still € 13,826 profit in 2024
Profit after tax over the fiscal year.
€ 101,718
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 796,415.
People and assets in 2025
1.8
Average over the fiscal year, from the social balance sheet.
€ 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.
€ 30,019
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 631,194
▼ 9% vs 2024
€ 63,571 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 3,696
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,750
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 308,505 | € 274,995 | € 210,356 | € 148,511 | ▼ 29% |
| Profit after taxes | € 145,979 | € 98,628 | € 13,826 | € -51,080 | ▼ € 64,906 |
| Equity | € 828,642 | € 899,269 | € 889,096 | € 815,015 | ▼ 8% |
| Total debts | € 727,440 | € 933,337 | € 847,383 | € 779,947 | ▼ 8% |
| Cash | € 173,635 | € 182,856 | € 243,076 | € 101,718 | ▼ 58% |
| Land & buildings | € 636,031 | € 841,411 | € 818,542 | € 787,120 | ▼ 4% |
| Retained profit | € 810,042 | € 880,669 | € 870,496 | € 796,415 | ▼ 9% |
| Dividend | € 72,000 | € 28,000 | € 24,000 | € 23,000 | ▼ 4% |
| Bank debt | € 543,287 | € 707,932 | € 693,262 | € 631,194 | ▼ 9% |
| Balance sheet total | € 1,584,461 | € 1,840,218 | € 1,743,856 | € 1,602,105 | ▼ 8% |
| Employees (FTE) | - | 1.8 | 1.8 | 1.8 |
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:
- New annual accounts for financial year 2025: loss of € 51,080 (▼ € 64,906 vs 2024). Source: NBB ↗
- Patrick CORMAN became a director. NBB
- Bernard CORMAN became a director. NBB
- New establishment in Welkenraedt. KBO
- 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.
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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
Behind CORMAN FRERES are Patrick CORMAN and Bernard CORMAN. The same people are also behind CORMANIMMO.
Directors
According to the 2025 annual accounts
since 2001
since 2001
Establishments
Establishment units
Physical locations of this company
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 →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
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