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CORMAN et FILS

Active
Private limited companyfounded 1992active for 34 yearsVoie Pirson 13, 4877 Olne, BelgiumKBO/BCE: BE 0447.765.559

From the official registers: KBO 33 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

CORMAN et FILS has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191,626 and a net result of -€31,391. Equity has been shrinking by about 4.5% per year since 2018. Its solvency ranks better than 78% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Official details

KBO
Status
Active since 01-07-1992 Normal situation
Activity
Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 1 other
Establishment unit
2.058.816.486 4877 Olne, since 01-07-1992
Financial year end
31 December
Peppol
Reachable since 18-12-2025

Board and ownership

Board
Shareholders

Financial position

68 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Annual accounts 2025
Gross margin
€30,139
▼ 68.9%
Turnover
≈ €180,000
estimated
Loss
€31,391
Equity
€191,626
▼ 14.5%
Total assets
€263,619
▼ 19.6%
Staff
0.8 FTE
▼ 20.0%
Filed on 25-08-2026, 25 days after the deadlineat the National Bank
Score breakdownraises riskLoss of €31,391 (financial year 2025)Sector: Specialised construction activities (NACE 43)lowers riskEquity €191,626 (72.7% of total assets)Founded in 1992Show the evidence

Checked score

Score 2025
68 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 42% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency 98+5
equity 72.7% of total assets
Liquidity 58-1
short-term debt 18.8% · cash 10.5%
Profitability 17-61
return on assets -11.9%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.2%▼ -0.1 percentage points vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.3%▲ +0.1 percentage points vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.1%▼ -0.3 percentage points vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.3%▲ +0.1 percentage points vs 07-2026 09-2026: 0.7%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value
Credit of up to €13,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.94 (1.14 in 2024), below 1. Short-term debt is 18.8% and cash 10.5% of total assets. 27.3% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 79% of them on solvency, 55% on liquidity, 14% on profitability and 21% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
raises risk · Loss of €31,391 (financial year 2025)
NBB · annual accounts
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Equity €191,626 (72.7% of total assets)
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
25 days late
2024
27 days late
2023
3 days early
2022
80 days early
2021
43 days early
2020
65 days early
2019
59 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 28 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 July (4 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: From profit to loss in 2025after a profit of €25,307 in 2024 -€31,391 View
  • Caution: Lower net result than 95% of companies in specialised constructionsector median €10,227 · 34,889 companies -€31,391 View

Comparable companies

These companies have the same main activity as CORMAN et FILS: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €239,000 and €268,000, founded between 1988 and 2000.

CompanyTotal assetsGross margin
CORMAN et FILS Olne€263,619€30,139
Jean-Charles AMAND Liège€265,038€30,235
ARC-EN-CIEL NEW Grâce-Hollogne€268,069€34,779
EHCS Mechelen€239,209€34,481
BEAUSAERT Brugge€252,174€35,942
Minnen Sanitair en Centrale Verwarming Lubbeek€242,682€25,076
TROISFONTAINE CHRISTIAN TOITURES Grâce-Hollogne€251,304€39,053
Full comparison

Documents

Annual accounts at the NBB

All 33 annual accounts

Articles and registers

Key facts about CORMAN et FILS

What is the company number of CORMAN et FILS?
The company number of CORMAN et FILS is 0447.765.559. The VAT number is the same number with BE in front: BE 0447.765.559.
Where is CORMAN et FILS based?
The registered office is at Voie Pirson 13, 4877 Olne.Company details
What does CORMAN et FILS do?
According to the KBO register, the main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222).
What is the legal form of CORMAN et FILS?
The legal form of CORMAN et FILS is Private limited company (BV).
When was CORMAN et FILS founded?
CORMAN et FILS was founded on 01-07-1992.
Is CORMAN et FILS still active?
Yes, CORMAN et FILS is an active enterprise in the KBO register.
How many employees does CORMAN et FILS have?
CORMAN et FILS had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CORMAN et FILS?
The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €30,139 and 33 comparable companies (NACE 43222). It probably lies between €130,000 and €200,000.
Is CORMAN et FILS profitable?
In financial year 2025, CORMAN et FILS made a loss of €31,391.
Where can I find the annual accounts of CORMAN et FILS?
CORMAN et FILS filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of CORMAN et FILS due?
CORMAN et FILS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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