CORMANS
ActiveThe computed 12-month bankruptcy probability of CORMANS is 3.1% (moderate). The 2024 annual accounts show equity of €7k and a net result of €4k. Its solvency ranks better than 21% of 36377 sector peers (fiscal year 2024). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability68
Solvency15
Growth-
Stability67
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.57), and 80.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
19.5%
Return on assets
10.7%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 36377 sector peers (2024).
NBB · sector comparisonPosition among 36377 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
49 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€91k
EBIT margin
5.2%
Net result
€4k
Working capital
€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €34k
Fixed assets
€18k
Current assets
€16k
Equity and liabilities €34k
Equity
€7k
Debt
€27k
Debt finances 80.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€11k
Cash flow
€10k
Solvency
19.5%
Current ratio
0.57
Quick ratio
0.57
Debt / equity
4.14
ROE
54.8%
ROA
10.7%
Debt
€27k
Debt ≤ 1 year
€27k
Income taxes
€1k
Staff costs
€487
Filed annual accounts
As filed with the NBB · 2024
Balance sheet
Code2024
Assets
Total assets20/58€34k
Fixed assets21/28€18k
Intangible fixed assets21€310
Tangible fixed assets22/27€18k
Plant, machinery and equipment23€3k
Furniture and vehicles24€15k
Current assets29/58€16k
Amounts receivable within one year40/41€14k
Trade receivables40€9k
Other amounts receivable41€5k
Cash at bank and in hand54/58€2k
Equity and liabilities
Total equity and liabilities10/49€34k
Equity10/15€7k
Contributions10/11€3k
Profit (loss) carried forward14€4k
Amounts payable17/49€27k
Amounts payable within one year42/48€27k
Trade debts44€15k
Suppliers440/4€15k
Taxes, remuneration and social security45€1k
Taxes450/3€1k
Other amounts payable47/48€11k
Income statement
Code2024
Turnover70€91k
Goods, raw materials, services and sundry goods60/61€79k
Remuneration, social security and pensions62€487
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k
Other operating charges640/8€414
Gross operating margin9900€12k
Operating profit (loss)9901€5k
Profit (loss) for the period before taxes9903€5k
Income taxes67/77€1k
Profit (loss) for the period9904€4k
Profit (loss) for the period to be appropriated9905€4k
Appropriation of the result
Profit (loss) to be appropriated9906€4k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2024
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Meeuwenlaan 42660 AntwerpenGround area
317 m²
Building footprint
117 m²
Volume, LiDAR
691 m³
Parcel 11383B0600/00Z000, Flanders · tallest building 10.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORMANS
since 20242.356.289.356
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11383B0600/00Z000 | Flanders | 317 m² | 1 · 117 m² | 10.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HOME-TECH
BE 0467.137.350
Brugge · Eq €7k
VT Verwarming Sanitair
BE 0778.336.215
Gent · Eq €7k
AXAM
BE 0505.997.629
Sint-Truiden · Eq €7k
SANITAIR COORNAERT
BE 0425.301.646
Kuurne · Eq €7k
DM sanitair & verwarming
BE 0744.374.337
Waregem · Eq €6k
Of 6,989 companies in sector 43221 we hold annual accounts for 3,443. 1,354 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-02-2024
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
33110Repair and maintenance of fabricated metal products
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43350Other building finishing work
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:selmancorman@gmail.com
Phone:0488673515