DE FORMULERING
ActiveSummary
DE FORMULERING has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-14k) and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 482 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.41 in 2024; short-term debt: 200.4% and cash: 60.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-100.4%
Return on assets
-20.9%
Age of the figures
12 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-14k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-11-2025, 154 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
154 d early
2024
113 d early
2023
131 d early
2022
129 d early
2021
103 d early
2020
135 d early
2019
122 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€-14k▼ 26.3%
2024 · €-11k
Total assets
€14k▲ 33.5%
2024 · €10k
Net result
€-3k▲ 78.6%
2024 · €-14k
Working capital
€-16k▼ 26.6%
2024 · €-13k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11k▲ 1,173%€-4k€4k€-13k€-3k▲ 79.0%
Net result€10k▲ 1,276%€-4k€3k€-14k€-3k▲ 78.6%
Equity€4k€-130€3k€-11k€-14k▼ 26.3%
Total assets€18k▲ 7.5%€8k▼ 57.1%€12k▲ 52.0%€10k▼ 13.3%€14k▲ 33.5%
Debt€15k▼ 36.7%€8k▼ 45.2%€9k▲ 17.7%€21k▲ 127%€28k▲ 29.8%
Working capital€-442▲ 95.7%€-2k▼ 446%€681€-13k€-16k▼ 26.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €13k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14k
Fixed assets
€2k ▲ 28.2%
Current assets
€12k ▲ 34.5%
Key figures and ratios
EBITDA
€-2k▲
2024 · €-13k
Cash flow
€-2k▲
2024 · €-13k
Solvency
-100.4%▲
2024 · -106.1%
Current ratio
0.42▲
2024 · 0.41
Debt to equity
-2.00▼
2024 · -1.94
ROA
-20.9%▲
2024 · -130.6%
Interest coverage
-35.61▲
2024 · -186.32
Debt ≤ 1 year
€28k▲
2024 · €21k
Income taxes
€20▼
2024 · €135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €2k | €500 | €451 | ▼ 9.8% |
| Other operating charges640/8 | - | €656 | €605 | €638 | €584 | ▼ 8.5% |
| Gross operating margin9900 | €14k | €-1k | €6k | €-12k | €-2k | ▲ 85.5% |
| Operating profit (loss)9901 | €11k | €-4k | €4k | €-13k | €-3k | ▲ 79.0% |
| Financial income75/76B | - | €3 | - | €2 | €0 | ▼ 90.0% |
| Recurring financial income75 | - | €3 | - | €2 | €0 | ▼ 90.0% |
| Financial charges65/66B | - | €44 | €46 | €69 | €66 | ▼ 4.0% |
| Recurring financial charges65 | €45 | €44 | €46 | €69 | €66 | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | €10k | €-4k | €4k | €-13k | €-3k | ▲ 78.6% |
| Income taxes67/77 | €698 | €119 | €934 | €135 | €20 | ▼ 85.4% |
| Profit (loss) for the period9904 | €10k | €-4k | €3k | €-14k | €-3k | ▲ 78.6% |
| Profit (loss) for the period to be appropriated9905 | €10k | €-4k | €3k | €-14k | €-3k | ▲ 78.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18k | €8k | €12k | €10k | €14k | ▲ 33.5% |
| Fixed assets21/28 | €5k | €3k | €2k | €2k | €2k | ▲ 28.2% |
| Tangible fixed assets22/27 | €5k | €3k | €2k | €2k | €2k | ▲ 31.0% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €2k | ▲ 31.0% |
| Furniture and vehicles24 | - | - | - | - | €0 | - |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €13k | €4k | €10k | €9k | €12k | ▲ 34.5% |
| Amounts receivable within one year40/41 | €2k | €517 | €424 | €2k | €3k | ▲ 45.3% |
| Trade receivables40 | - | €424 | €424 | €424 | €3k | ▲ 656% |
| Other amounts receivable41 | - | €93 | - | €2k | - | - |
| Cash at bank and in hand54/58 | €10k | €3k | €9k | €6k | €8k | ▲ 31.1% |
| Deferred charges and accrued income490/1 | - | €521 | €591 | €49 | €49 | ▼ 0.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18k | €8k | €12k | €10k | €14k | ▲ 33.5% |
| Equity10/15 | €4k | €-130 | €3k | €-11k | €-14k | ▼ 26.3% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-11k | €-14k | €-12k | €-25k | €-28k | ▼ 11.5% |
| Amounts payable17/49 | €15k | €8k | €9k | €21k | €28k | ▲ 29.8% |
| Amounts payable within one year42/48 | €13k | €7k | €9k | €21k | €28k | ▲ 29.8% |
| Trade debts44 | €347 | €348 | €348 | €7k | €500 | ▼ 93.3% |
| Suppliers440/4 | - | €348 | €348 | €7k | €500 | ▼ 93.3% |
| Taxes, remuneration and social security45 | - | €1k | €3k | €1k | €2k | ▲ 21.0% |
| Taxes450/3 | - | €119 | €2k | €135 | €426 | ▲ 215% |
| Remuneration and social security454/9 | - | €1k | €1k | €1k | €1k | = |
| Other amounts payable47/48 | - | €5k | €6k | €13k | €26k | ▲ 103% |
| Accrued charges and deferred income492/3 | - | €1k | €334 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €-4k | €3k | €-14k | €-3k | ▲ 78.6% |
| + Depreciation and write-downs630 | €3k | €2k | €2k | €500 | €451 | ▼ 9.8% |
| Operating cash flow (approximation) | €12k | €-2k | €4k | €-13k | €-2k | ▲ 81.3% |
| Investment in fixed assets (approximation) | - | €0 | €-560 | €0 | €-930 | - |
| Change in cash | - | €-7k | €5k | €-2k | €2k | ▲ 186% |
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
Next filing, fiscal year 2026, expected by
2025
27-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
30-09
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
17-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Highest result since 2018net €10k ▲1,276%
Operating result €11k, net result €10k, both a record.
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-09
Financial
Back to profitnet €709
Net result €709 after 2 loss-making years.
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gent · 1 establishment unit since 2005
Ground area
884 m²
Building footprint
80 m²
Volume, LiDAR
513 m³
Parcel 44051B0219/00D000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Formulering
since 20052.150.573.439
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051B0219/00D000 | Flanders | 884 m² | 1 · 80 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,727 companies in sector 63100 we hold annual accounts for 1,271. 255 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2005
Fiscal year end30-09
Activities, NACEBEL 2025
63100Computing infrastructure, data processing, hosting and related activities
Scores and ratios are computed by Checked and are not a credit decision.