ACTIVE

CORMAN FRERES

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Financial year 2025 · Closed on 31/12/2025

Net result-51,1 k €-469,4 %over 1 year

Gross margin148,5 k €-29,4 %over 1 year

Equity815 k €-8,3 %over 1 year

Workforce1,8 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

CORMAN FRERES is a Private limited company incorporated in 2001. Its main activity is: Electrical installation. Its registered office is in Welkenraedt. It employs on average 1,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0473.911.019
Incorporation: 25/01/2001
Legal form: Private limited company
Registered office: Rue des Prés 1
4840 Welkenraedt · WallonieSee on map
Contributed capital: 18 600,00 €
Latest accounts: 31/12/2025
Average workforce: 1,8 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories

Joint committees (1)

14901

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	148,5 k €	-29.4%	210,4 k €	-23.5%	275 k €	-10.9%	308,5 k €	+11.4%	276,9 k €
EBITDA	7 k €	-90.6%	73,7 k €	-56.9%	171 k €	-16.5%	204,7 k €	+14.5%	178,8 k €
Operating result	-35,9 k €	-212%	32,1 k €	-78.9%	152,2 k €	-19.1%	188,2 k €	+16.4%	161,6 k €
Net result	-51,1 k €	-469%	13,8 k €	-86.0%	98,6 k €	-32.4%	146 k €	+27.9%	114,1 k €
Balance sheet
Equity	815 k €	-8.3%	889,1 k €	-1.1%	899,3 k €	+8.5%	828,6 k €	+9.8%	754,7 k €
Total assets	1,6 M €	-8.1%	1,7 M €	-5.2%	1,8 M €	+16.1%	1,6 M €	-7.8%	1,7 M €
Cash	101,7 k €	-58.2%	243,1 k €	+32.9%	182,9 k €	+5.3%	173,6 k €	-17.5%	210,4 k €
Debts	776,5 k €	-8.0%	844,1 k €	-9.3%	930,5 k €	+28.1%	726,6 k €	-19.2%	899,1 k €
Other
Workforce	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernard CORMAN	Directorsince 01/04/2001Manager01/04/2001 → 2019 accountsended
Patrick CORMAN	Directorsince 01/04/2001Manager01/04/2001 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christelle CORMAN	Directoruntil 30/06/2020Manager2019 accounts

Other companies at this address

Rue des Prés 1 4840 Welkenraedt

Company	CBE no.
CORMANIMMO● Active	0848.229.267

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro 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	16/07/2026	17/07/2025	12/07/2024	10/07/2023	28/07/2022	27/07/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	16/06/2026	16/07/2026	French	PDF
Abridged model	31/12/2024	17/06/2025	17/07/2025	French	PDF
Abridged model	31/12/2023	18/06/2024	12/07/2024	French	PDF
Micro model	31/12/2022	20/06/2023	10/07/2023	French	PDF
Micro model	31/12/2021	21/06/2022	28/07/2022	French	PDF
Micro model	31/12/2020	15/06/2021	27/07/2021	French	PDF
Micro model	31/12/2019	16/06/2020	27/07/2020	French	PDF
Micro model	31/12/2018	18/06/2019	21/06/2019	French	PDF
Micro model	31/12/2017	19/06/2018	03/07/2018	French	PDF
Micro model	31/12/2016	20/06/2017	07/07/2017	French	PDF
Abridged model	31/12/2015	21/06/2016	22/06/2016	French	PDF
Abridged model	31/12/2014	16/06/2015	28/07/2015	French	PDF
Abridged model	31/12/2013	17/06/2014	24/07/2014	French	PDF
Abridged model	31/12/2012	18/06/2013	16/07/2013	French	PDF
Abridged model	31/12/2011	19/06/2012	20/06/2012	French	PDF
Abridged model	31/12/2010	21/06/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	15/06/2010	03/08/2010	French	PDF
Abridged model	31/12/2008	16/06/2009	27/08/2009	French	PDF
Abridged model	31/12/2007	17/06/2008	14/07/2008	French	PDF
Abridged model	31/12/2006	19/06/2007	13/08/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bernard CORMAN	Directorsince 01/04/2001Manager01/04/2001 → 2019 accountsended
Patrick CORMAN	Directorsince 01/04/2001Manager01/04/2001 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christelle CORMAN	Directoruntil 30/06/2020Manager2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Mandates18/09/2020
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares03/04/2018
CAPITAL, ACTIONS
PDF
Other16/01/2014
MODIFICATIONS STATUTAIRES
PDF
Mandates25/01/2006
NOMINATION -
PDF

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Patrick CORMAN

Bernard CORMAN

Christelle CORMAN

20012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

CORMAN FRERES

Rue des Prés 1, 4840 Welkenraedt

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Prés 1, 4840 WelkenraedtCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00298597

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CORMAN FRERESCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00298597

Events

2025
Annual accounts 2025-51,1 k €↓
2024
Annual accounts 202413,8 k €↓
2023
Annual accounts 202398,6 k €↓
2022
Annual accounts 2022146 k €↑
2021
Annual accounts 2021114,1 k €↑
2020
Annual accounts 202092,9 k €↑
2019
Annual accounts 201976,7 k €↑
2018
Annual accounts 201815,3 k €↓
2017
Annual accounts 201768,7 k €↑
2016
Annual accounts 201639,1 k €↓
2015
Annual accounts 201539,8 k €↓
2014
Annual accounts 201488,3 k €↑
2013
Annual accounts 201384,1 k €↑
2012
Annual accounts 201225,4 k €↓
2011
Annual accounts 201185 k €↑
2010
Annual accounts 201055,4 k €↓
2009
Annual accounts 200956,9 k €↓
2008
Annual accounts 200867,3 k €↑
2007
Annual accounts 200763,2 k €↑
2006
Annual accounts 200623,2 k €
25/01/2001
IncorporationPrivate limited company

CORMAN FRERES

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events