Debts
€9,828 85% of the balance sheet
KORMORAN
Lifetime
20 annual accounts with figures on one time axispeak €38,789 (2011)
-€1,460▼ €2,634
lowest -€39,931 (2009)
-€1,460▼ €2,602
peak €10,873 (2007)
€1,686▼ 46.4%
€9,828▲ 21.7%
Board1 name since 2011
1 director
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Gross margin from €1,175 to -€1,460Loss of €1,460Equity from €3,146 to €1,686Debts from €8,072 to €9,828
Key points
from the 2025 annual accountsFilings
20 annual accounts since 2006
Nine of the last ten came late. The 2022 accounts came latest: 696 days after the end of the period.
Position in the sector
€1,686
Less equity than 90% of companies in specialised construction. Sector median €57,824 · 37,191 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 1,221 companies had the same profile as KORMORAN has now. Each dot stands for 4 companies, two years later.
88.6%
were still trading
7.4%
stopped another way
3.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,221 companies, not a prediction for KORMORAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0879216611
Amendment of the articles
“Het snoeien van bomen en heggen; Aanleggen en onderhouden van tuinen, parken, en het groene gedeelte van…” (deed in Dutch) · General meeting of 09-10-2017 · Gazette deed
First establishment
Vrijheersstraat 37, Sint-Truiden
Incorporation
published on 20-02-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KORMORAN Sint-Truiden | - | - | 14.6% | - |
| RUSTIEK LTD Doncaster | €38,264 | -27.5% | 67.7% | - |
| LES ARTISANS DU LOFT Nivelles | - | - | 14.1% | - |
| RENOVATECT Molenbeek-Saint-Jean | €28,372 | -14.8% | -4.9% | - |
| RENOVA GROUP Ixelles | - | - | -543.6% | - |
| AVALON LIFESTYLE Tervuren | - | - | -400.7% | - |
| INSTAL GREGO Sint-Gillis (bij-Brussel) | - | - | 98.9% | - |
These companies have the same main activity as KORMORAN: demolition (NACE 43110). They are comparable in size and age: total assets between €9,210 and €30,200, founded between 1991 and 2013.
Official details
Source: KBO- Status
- Active since 19-01-2006Normal situation
- Activity
- DemolitionNACE 43110and 4 others
- Establishment unit
- 2.153.310.3243800 Sint-Truiden, since 21-04-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 27-01-2026
Insights on KORMORAN
KORMORAN files the micro format. That format states no turnover. The gross margin fell from €2,994 in 2006 to -€1,460 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KORMORAN
- What is the company number of KORMORAN?
- The company number of KORMORAN is 0879.216.611. The VAT number is the same number with BE in front: BE 0879.216.611.
- Where is KORMORAN based?
- The registered office is at Vrijheersstraat 37, 3800 Sint-Truiden.Company details
- What does KORMORAN do?
- According to the KBO register, the main activity is demolition (NACE 43110).
- What is the legal form of KORMORAN?
- KORMORAN is a private limited company (pre-2019) (BVBA).
- When was KORMORAN founded?
- KORMORAN was founded on 19-01-2006.
- Is KORMORAN still active?
- Yes, KORMORAN is an active enterprise in the KBO register.
- What is the turnover of KORMORAN?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is KORMORAN profitable?
- In financial year 2025, KORMORAN made a loss of €1,460.
- Where can I find the annual accounts of KORMORAN?
- KORMORAN filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KORMORAN due?
- KORMORAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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