ACTIVE

CORMACO

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Financial year 2025 · closed on 31/12/2025

Net result

240,6 k €

+52.1% YoY

Gross margin

252,8 k €

+90.9% YoY

Equity

-2,4 M €

+8.9% YoY

What does CORMACO do?

CORMACO is a Public limited company incorporated in 1986. Its main activity is: Other professional, scientific and technical activities n.e.c.. Its registered office is in Jalhay.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0430.150.854

Incorporation

31/12/1986

Legal form

Public limited company

Registered office

Rue François Michoel(SART) 228
4845 Jalhay · WallonieSee on map

Contributed capital

6 445 231,64 €

Latest accounts

31/12/2025

Activities (NACE)

74909Other professional, scientific and technical activities n.e.c.· main 74999Other professional, scientific and technical activities n.e.c.

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	252,8 k €	+90.9%	132,4 k €	-34.2%	201,1 k €	-25.2%	268,7 k €	-1.6%	273,1 k €	+17.8%	231,9 k €	+6.8%	217,2 k €	-1.8%	221,3 k €	-0.2%	221,8 k €	-10.9%	248,8 k €	-15.7%	295 k €	+11.1%	265,5 k €	+8.7%	244,2 k €	-10.3%	272,3 k €	-47.7%	521,1 k €	+83.9%	283,4 k €	+26.0%	225 k €	-8.5%	245,8 k €	+25.7%	195,5 k €	-39.3%	322 k €
EBITDA	246,3 k €	+108%	118,2 k €	-35.3%	182,8 k €	-28.3%	255 k €	+31.2%	194,4 k €	-10.6%	217,5 k €	+4.7%	207,8 k €	-1.9%	211,8 k €	-1.3%	214,6 k €	-13.0%	246,6 k €	-15.7%	292,6 k €	+13.6%	257,6 k €	+6.3%	242,4 k €	-8.9%	266,1 k €	-48.7%	519,2 k €	+85.9%	279,3 k €	+26.4%	221 k €	-4.6%	231,7 k €	+19.6%	193,8 k €	-38.9%	317,3 k €
Operating result	189,8 k €	+116%	88 k €	-43.3%	155,3 k €	-27.5%	214,4 k €	+37.0%	156,4 k €	-15.0%	184 k €	+7.3%	171,6 k €	+1.8%	168,5 k €	-2.0%	172 k €	-14.2%	200,3 k €	-18.0%	244,2 k €	+20.5%	202,7 k €	+9.7%	184,8 k €	-11.3%	208,3 k €	-55.4%	467,4 k €	+97.9%	236,1 k €	+39.3%	169,5 k €	-5.8%	179,9 k €	+11.4%	161,5 k €	-43.3%	284,8 k €
Net result	240,6 k €	+52.1%	158,1 k €	+0.8%	156,9 k €	-26.5%	213,3 k €	-2.2%	218,1 k €	+21.6%	179,3 k €	+5.9%	169,4 k €	-29.6%	240,7 k €	+28.7%	187 k €	-13.8%	217 k €	-13.3%	250,2 k €	+30.8%	191,4 k €	-3.0%	197,2 k €	-5.9%	209,6 k €	-54.8%	463,6 k €	+122%	208,6 k €	+42.5%	146,3 k €	-4.6%	153,4 k €	+93.2%	79,4 k €	-60.2%	199,3 k €
Balance sheet
Equity	-2,4 M €	+8.9%	-2,7 M €	+5.6%	-2,8 M €	+5.2%	-3 M €	+6.6%	-3,2 M €	+6.3%	-3,4 M €	+5.0%	-3,6 M €	+4.5%	-3,8 M €	+6.0%	-4 M €	+4.4%	-4,2 M €	+4.9%	-4,4 M €	+5.3%	-4,7 M €	+3.9%	-4,9 M €	+3.9%	-5,1 M €	+4.0%	-5,3 M €	+8.1%	-5,7 M €	+3.5%	-5,9 M €	+2.4%	-6,1 M €	+2.5%	-6,2 M €	+1.3%	-6,3 M €
Total assets	974,4 k €	+3.7%	939,5 k €	-6.8%	1 M €	+0.1%	1 M €	-1.4%	1 M €	+0.3%	1 M €	-6.3%	1,1 M €	-2.9%	1,1 M €	+3.0%	1,1 M €	+16.4%	932,6 k €	+1.6%	918 k €	+9.1%	841,3 k €	+27.4%	660,2 k €	+0.3%	658,5 k €	+8.8%	605,4 k €	+49.0%	406,4 k €	-56.4%	933,2 k €	+128%	408,5 k €	+34.0%	304,9 k €	-13.5%	352,5 k €
Cash	42,4 k €	-48.4%	82,2 k €	+311%	20 k €	+11.3%	18 k €	-15.1%	21,2 k €	-76.4%	89,8 k €	+1145%	7,2 k €	-76.0%	30,1 k €	+63.9%	18,3 k €	+1.0%	18,2 k €	+2.4%	17,7 k €	+177%	6,4 k €	-98.2%	352,2 k €	+31.5%	267,9 k €	+44.9%	184,9 k €	+131%	80 k €	-66.6%	239,9 k €	+90.2%	126,1 k €	+10.6%	114,1 k €	-24.8%	151,7 k €
Debts	3,4 M €	-5.7%	3,6 M €	-5.9%	3,9 M €	-3.9%	4 M €	-5.4%	4,2 M €	-4.8%	4,5 M €	-5.3%	4,7 M €	-4.1%	4,9 M €	-4.1%	5,1 M €	-0.7%	5,1 M €	-3.8%	5,3 M €	-3.1%	5,5 M €	-0.2%	5,5 M €	-3.4%	5,7 M €	-2.7%	5,9 M €	-4.3%	6,1 M €	-10.7%	6,9 M €	+5.8%	6,5 M €	-0.8%	6,6 M €	-1.9%	6,7 M €
Other
Workforce	–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

Nicolas CORMAN

Director · since 30 avril 2021

Active

Ended mandates

NICOLAS CORMAN

Director · since 30 avril 2021 · until 30 avril 2027

Ended

JULIE BELLEFONTAINE

Director · since 04 juin 2016 · until 04 juin 2022

Ended

LOUBESIMO S.A.

Director · since 04 juin 2016 · until 04 juin 2022 · 0860.000.515

Represented by NICOLAS CORMAN

Ended

NICOLAS CORMAN

Director · since 04 juin 2016 · until 04 juin 2022

Ended

At this address

Other companies at this address

Company	CBE no.
HAB● Active	0548.866.580
LOUBESIMO S.A.● Active	0860.000.515
MY PLACE REAL ESTATE● Active	0466.047.386

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2026	28/08/2025	30/08/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	04/06/2026	05/06/2025	30/08/2024	16/08/2023	26/08/2022	31/08/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	29/08/2026	French	PDF
Abridged model	31/12/2024	05/06/2025	28/08/2025	French	PDF
Abridged model	31/12/2023	30/08/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	16/08/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	26/08/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	31/08/2021	31/08/2021	French	PDF
Micro model	31/12/2019	06/06/2020	31/10/2020	French	PDF
Micro model	31/12/2018	01/06/2019	31/08/2019	French	PDF
Micro model	31/12/2017	02/06/2018	10/08/2018	French	PDF
Micro model	31/12/2016	03/06/2017	07/08/2017	French	PDF
Abridged model	31/12/2015	04/06/2016	27/09/2016	French	PDF
Abridged model	31/12/2014	06/06/2015	17/08/2015	French	PDF
Abridged model	31/12/2013	07/06/2014	06/08/2014	French	PDF
Abridged model	31/12/2012	01/06/2013	28/10/2013	French	PDF
Abridged model	31/12/2011	02/06/2012	12/07/2012	French	PDF
Abridged model	31/12/2010	04/06/2011	14/11/2011	French	PDF
Abridged model	31/12/2009	05/06/2010	16/08/2010	French	PDF
Abridged model	31/12/2008	06/06/2009	30/07/2009	French	PDF
Abridged model	31/12/2007	07/06/2008	14/07/2008	French	PDF
Abridged model	31/12/2006	02/06/2007	05/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 23 ended

Active mandates

Nicolas CORMAN

Director · since 30 avril 2021

Active

Ended mandates

NICOLAS CORMAN

Director · since 30 avril 2021 · until 30 avril 2027

Ended

JULIE BELLEFONTAINE

Director · since 04 juin 2016 · until 04 juin 2022

Ended

LOUBESIMO S.A.

Director · since 04 juin 2016 · until 04 juin 2022 · 0860.000.515

Represented by NICOLAS CORMAN

Ended

NICOLAS CORMAN

Director · since 04 juin 2016 · until 04 juin 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/05/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates02/05/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates30/11/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates18/08/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates23/02/2006
DEMISSIONS, NOMINATIONS
PDF
Mandates25/02/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates06/06/2003
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025240,6 k €↑
2024
Annual accounts 2024158,1 k €↑
2023
Annual accounts 2023156,9 k €↓
2022
Annual accounts 2022213,3 k €↓
2021
Annual accounts 2021218,1 k €↑
2020
Annual accounts 2020179,3 k €↑
2019
Annual accounts 2019169,4 k €↓
2018
Annual accounts 2018240,7 k €↑
2017
Annual accounts 2017187 k €↓
2016
Annual accounts 2016217 k €↓
2015
Annual accounts 2015250,2 k €↑
2014
Annual accounts 2014191,4 k €↓
2013
Annual accounts 2013197,2 k €↓
2012
Annual accounts 2012209,6 k €↓
2011
Annual accounts 2011463,6 k €↑
2010
Annual accounts 2010208,6 k €↑
2009
Annual accounts 2009146,3 k €↓
2008
Annual accounts 2008153,4 k €↑
2007
Annual accounts 200779,4 k €↓
2006
Annual accounts 2006199,3 k €
31/12/1986
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CORMACO

Overview

What does CORMACO do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline