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 1 % of short-term debt in 2024; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
Kormac from Berlare, company number BE0713786277, closed financial year 2024 with a result of € -395 after tax. For that financial year Kormac recorded a gross margin of € 18,219 and equity of € 135,763. Compared with financial year 2023, the result moved from € 2,667 to € -395. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2025.
€ 135,763
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -395
▼ still € 2,667 profit in 2023
Profit after tax over the fiscal year.
€ 3,878
▲ 41% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 95,763.
Debts at end 2024
€ 88,273
▼ 50% vs 2023
Loans from banks and other lenders, long and short.
€ 5,154
▲ 259% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 17,185 | € 28,176 | € 22,107 | € 18,219 | ▼ 18% |
| Profit after taxes | € 2,141 | € 9,185 | € 2,667 | € -395 | ▼ € 3,062 |
| Equity | € 124,306 | € 133,491 | € 136,158 | € 135,763 | |
| Total debts | € 825,387 | € 752,751 | € 691,662 | € 691,577 | |
| Cash | € 2,385 | € 954 | € 2,754 | € 3,878 | ▲ 41% |
| Retained profit | € 84,306 | € 93,491 | € 96,158 | € 95,763 | |
| Bank debt | € 347,925 | € 262,227 | € 175,680 | € 88,273 | ▼ 50% |
| Balance sheet total | € 949,693 | € 886,242 | € 827,820 | € 827,341 |
Key figures of Kormac, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Kormac?
What happened at Kormac in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Kormac is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: loss of € 395 (▼ € 3,062 vs 2023). Source: NBB ↗
- New establishment in Berlare. KBO
- Start of the company according to the CBE. KBO
- Kristof Callaert became a director. NBB
- Drimako NV became a director. NBB
In short
From € 2,141 profit in 2021 to € 395 loss in 2024.
Paid € 5,411 in corporate taxes since 2021.
Best year ever: 2022, with € 9,185 profit.
Management
Behind Kormac are Kristof Callaert and Drimako NV. It owns 100% of AD Hertecant itself.
Directors
According to the 2024 annual accounts
since 2018
since 2018
Establishments
Establishment units
Physical locations of this company
Emiel Hertecantlaan(B) 22
9290 Berlare
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
- 0713.786.277
- VAT number
- BE 0713.786.277
- Registered office
- Emiel Hertecantlaan(B) 22, 9290 Berlare
- Names & denominations
- Kormac
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 22 November 2018
- Peppol
- Not registered
- Activities · NACE
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