NEW CORMAN
ActiveSummary
NEW CORMAN has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €222k and a net result of €-57k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 59% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▼-7
Solvency68▼-11
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.5 in 2023; short-term debt: 56.2% and cash: 12.8% of total assets), and 57.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
42.5%
Return on assets
-10.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-57k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
55 d late
2022
60 d late
2021
334 d late
2020
92 d late
2019
62 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€222k▼ 20.4%
2023 · €279k
2018: €274k
2019: €276k▲ +0.8% vs 2018
2020: €263k▼ -4.8% vs 2019
2021: €289k▲ +9.8% vs 2020
2022: €306k▲ +5.9% vs 2021highest in 7 years
2023: €279k▼ -8.7% vs 2022
2024: €222k▼ -20.4% vs 2023lowest in 7 years
2018 → 2024
Total assets
€523k▲ 2.0%
2023 · €513k
2018: €498k
2019: €514k▲ +3.2% vs 2018
2020: €486k▼ -5.4% vs 2019lowest in 7 years
2021: €487k▲ +0.3% vs 2020
2022: €548k▲ +12.4% vs 2021highest in 7 years
2023: €513k▼ -6.4% vs 2022
2024: €523k▲ +2.0% vs 2023
2018 → 2024
Net result
€-57k▼ 113%
2023 · €-27k
2018: €-6k
2019: €2k▲ +135% vs 2018
2020: €4k▲ +74.9% vs 2019
2021: €26k▲ +564% vs 2020highest in 7 years
2022: €17k▼ -33.7% vs 2021
2023: €-27k▼ -257% vs 2022
2024: €-57k▼ -113% vs 2023lowest in 7 years
2018 → 2024
Working capital
€53k▼ 53.1%
2023 · €114k
2018: €149k
2019: €146k▼ -2.1% vs 2018
2020: €128k▼ -11.9% vs 2019
2021: €163k▲ +27.0% vs 2020
2022: €188k▲ +15.5% vs 2021highest in 7 years
2023: €114k▼ -39.4% vs 2022
2024: €53k▼ -53.1% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€263k-€289k▲ 9.8%€306k▲ 5.9%€279k▼ 8.7%€222k▼ 20.4%
2020: €263k
2021: €289k▲ +9.8% vs 2020
2022: €306k▲ +5.9% vs 2021highest in 5 years
2023: €279k▼ -8.7% vs 2022
2024: €222k▼ -20.4% vs 2023lowest in 5 years
Operating result€7k-€42k▲ 516%€26k▼ 36.8%€-26k€-32k▼ 25.3%
2020: €7k
2021: €42k▲ +516% vs 2020highest in 5 years
2022: €26k▼ -36.8% vs 2021
2023: €-26k▼ -198% vs 2022
2024: €-32k▼ -25.3% vs 2023lowest in 5 years
Net result€4k-€26k▲ 564%€17k▼ 33.7%€-27k€-57k▼ 113%
2020: €4k
2021: €26k▲ +564% vs 2020highest in 5 years
2022: €17k▼ -33.7% vs 2021
2023: €-27k▼ -257% vs 2022
2024: €-57k▼ -113% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32k in 2024 against €26k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €523k
Fixed assets
€176k ▲ 2.1%
Current assets
€347k ▲ 1.9%
Equity and liabilities €523k
Equity
€222k ▼ 20.4%
Debt
€301k ▲ 28.7%
Debt's share of the balance-sheet total rises from 45.5% to 57.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-21k▼
2023 · €-18k
Cash flow
€-46k▼
2023 · €-19k
Current ratio
1.18▼
2023 · 1.50
Quick ratio
0.26▲
2023 · 0.24
Debt to equity
1.35▲
2023 · 0.84
ROE
-25.6%▼
2023 · -9.6%
ROA
-10.9%▼
2023 · -5.2%
Interest coverage
-1.06▲
2023 · -7.63
Debt ≤ 1 year
€294k▲
2023 · €227k
Income taxes
€6k▲
2023 · €2k
Staff costs
€67k▼
2023 · €73k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€513k€523k▲
Fixed assets21/28€172k€176k▲
Tangible fixed assets22/27€172k€176k▲
Land and buildings22€172k€162k▼
Furniture and vehicles24€456€14k▲
Current assets29/58€341k€347k▲
Stocks and contracts in progress3€287k€271k▼
Stocks30/36€287k€271k▼
Amounts receivable within one year40/41€8k€9k▲
Trade receivables40€905€465▼
Other amounts receivable41€7k€9k▲
Cash at bank and in hand54/58€47k€67k▲
Equity and liabilities
Total equity and liabilities10/49€513k€523k▲
Equity10/15€279k€222k▼
Contributions10/11€174k€174k=
Capital10€174k€174k=
Issued capital100€174k€174k=
Reserves13€66k€66k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€58k€58k=
Profit (loss) carried forward14€39k€-18k▼
Amounts payable17/49€234k€301k▲
Amounts payable within one year42/48€227k€294k▲
Trade debts44€54k€78k▲
Suppliers440/4€54k€78k▲
Taxes, remuneration and social security45€32k€12k▼
Taxes450/3€18k€2k▼
Remuneration and social security454/9€14k€10k▼
Other amounts payable47/48€141k€204k▲
Accrued charges and deferred income492/3€7k€7k=
Income statement
Code20232024
Remuneration, social security and pensions62€73k€67k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Other operating charges640/8€4k€4k▼
Gross operating margin9900€58k€50k▼
Operating profit (loss)9901€-26k€-32k▼
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€2k€20k▲
Recurring financial charges65€2k€20k▲
Profit (loss) for the period before taxes9903€-25k€-51k▼
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€-27k€-57k▼
Profit (loss) for the period to be appropriated9905€-27k€-57k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€-18k▼
Profit (loss) brought forward from the previous period14P€66k€39k▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €62k | €69k | €73k | €67k | ▼ 8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €6k | €6k | €7k | €11k | ▲ 56.5% |
| Other operating charges640/8 | - | €7k | €4k | €4k | €4k | ▼ 8.0% |
| Gross operating margin9900 | €79k | €116k | €105k | €58k | €50k | ▼ 14.9% |
| Operating profit (loss)9901 | €7k | €42k | €26k | €-26k | €-32k | ▼ 25.3% |
| Financial income75/76B | - | €49 | €4k | €3k | €1k | ▼ 67.3% |
| Recurring financial income75 | €480 | €49 | €4k | €3k | €1k | ▼ 67.3% |
| Financial charges65/66B | - | €5k | €6k | €2k | €20k | ▲ 711% |
| Recurring financial charges65 | €3k | €5k | €6k | €2k | €20k | ▲ 711% |
| Profit (loss) for the period before taxes9903 | €4k | €36k | €25k | €-25k | €-51k | ▼ 106% |
| Income taxes67/77 | - | €10k | €8k | €2k | €6k | ▲ 197% |
| Profit (loss) for the period9904 | €4k | €26k | €17k | €-27k | €-57k | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | €4k | €26k | €17k | €-27k | €-57k | ▼ 113% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €486k | €487k | €548k | €513k | €523k | ▲ 2.0% |
| Fixed assets21/28 | €136k | €130k | €125k | €172k | €176k | ▲ 2.1% |
| Tangible fixed assets22/27 | €136k | €130k | €125k | €172k | €176k | ▲ 2.1% |
| Land and buildings22 | - | €126k | €122k | €172k | €162k | ▼ 5.6% |
| Furniture and vehicles24 | - | €3k | €2k | €456 | €14k | ▲ 2,901% |
| Current assets29/58 | €350k | €358k | €424k | €341k | €347k | ▲ 1.9% |
| Stocks and contracts in progress3 | €194k | €194k | €288k | €287k | €271k | ▼ 5.4% |
| Stocks30/36 | - | €194k | €288k | €287k | €271k | ▼ 5.4% |
| Amounts receivable within one year40/41 | €5k | €6k | €7k | €8k | €9k | ▲ 22.6% |
| Trade receivables40 | - | €6k | €0 | €905 | €465 | ▼ 48.6% |
| Other amounts receivable41 | - | - | €7k | €7k | €9k | ▲ 32.4% |
| Cash at bank and in hand54/58 | €150k | €156k | €129k | €47k | €67k | ▲ 43.4% |
| Deferred charges and accrued income490/1 | - | €2k | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €486k | €487k | €548k | €513k | €523k | ▲ 2.0% |
| Equity10/15 | €263k | €289k | €306k | €279k | €222k | ▼ 20.4% |
| Contributions10/11 | €174k | €174k | €174k | €174k | €174k | = |
| Capital10 | - | - | €174k | €174k | €174k | = |
| Issued capital100 | - | - | €174k | €174k | €174k | = |
| Outside capital11 | - | €174k | - | - | - | - |
| Other1109/19 | - | €174k | - | - | - | - |
| Reserves13 | €23k | €49k | €66k | €66k | €66k | = |
| Non-distributable reserves130/1 | - | €8k | €8k | €8k | €8k | = |
| Legal reserve130 | - | - | €8k | €8k | €8k | = |
| Reserves not available under the articles1311 | - | €8k | - | - | - | - |
| Distributable reserves133 | - | €41k | €58k | €58k | €58k | = |
| Profit (loss) carried forward14 | €66k | €66k | €66k | €39k | €-18k | ▼ 145% |
| Amounts payable17/49 | €223k | €198k | €242k | €234k | €301k | ▲ 28.7% |
| Amounts payable within one year42/48 | €222k | €195k | €235k | €227k | €294k | ▲ 29.6% |
| Trade debts44 | €68k | €29k | €63k | €54k | €78k | ▲ 45.1% |
| Suppliers440/4 | - | €29k | €63k | €54k | €78k | ▲ 45.1% |
| Taxes, remuneration and social security45 | - | €36k | €47k | €32k | €12k | ▼ 62.7% |
| Taxes450/3 | - | €22k | €29k | €18k | €2k | ▼ 90.6% |
| Remuneration and social security454/9 | - | €14k | €17k | €14k | €10k | ▼ 25.2% |
| Other amounts payable47/48 | - | €130k | €126k | €141k | €204k | ▲ 44.6% |
| Accrued charges and deferred income492/3 | - | €4k | €7k | €7k | €7k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €26k | €17k | €-27k | €-57k | ▼ 113% |
| + Depreciation and write-downs630 | €3k | €6k | €6k | €7k | €11k | ▲ 56.5% |
| Operating cash flow (approximation) | €7k | €32k | €23k | €-19k | €-46k | ▼ 134% |
| Investment in fixed assets (approximation) | - | €0 | €-775 | €-55k | €-15k | ▲ 72.6% |
| Change in cash | - | €6k | €-27k | €-82k | €20k | ▲ 125% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 334 days late
2021
31-12
Financial
Highest result since 2018net €26k ▲564%
Operating result €42k, net result €26k, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are 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, Oostende · 1 establishment unit since 2004
Ground area
366 m²
Building footprint
362 m²
Volume, LiDAR
6,200 m³
2 parcels, Flanders · tallest building 25.1 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Boekhandel New Corman
since 20042.137.789.730
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A1657/00B014 | Flanders | 333 m² | 1 · 333 m² | 25.1 m · 7 fl. |
| 35013A0986/00A000 | Flanders | 32 m² | 1 · 29 m² | 14.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 2,347 companies in sector 47621 we hold annual accounts for 1,248. 1,007 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-07-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
46491Wholesale trade
Scores and ratios are computed by Checked and are not a credit decision.