FORM'ANIM
ActiveFORM'ANIM has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €209k and a net result of €2k. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 454 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+3
Solvency77▼-13
Growth79▼-6
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 2.66 in 2024), but 68.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 88
Relative position
BE, all sectors
reference
Sector 88
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.7%
Return on assets
0.4%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
320 d late
2023
1 d late
2022
5 d early
2021
1 d late
2020
1 d late
2019
3 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€34k▼ 24.7%
2024 · €45k
2018: €13k
2019: €23k
2020: €14k
2021: €33k
2022: €45k
2023: €47k
2024: €45k
2018 → 2025
EBIT margin
-15.1%▼ 0.7pp
2024 · -14.5%
2018: 67.5%
2019: -97.6%
2020: 8.2%
2021: -3.2%
2022: 99.0%
2023: 37.4%
2024: -14.5%
2018 → 2025
Net result
€2k▼ 6.0%
2024 · €3k
2018: €779
2019: €-383
2020: €6k
2021: €5k
2022: €46k
2023: €24k
2024: €3k
2018 → 2025
Working capital
€328k▲ 15.3%
2024 · €284k
2018: €114k
2019: €107k
2020: €116k
2021: €194k
2022: €260k
2023: €333k
2024: €284k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€33k-€45k▲ 37.7%€47k▲ 5.3%€45k▼ 5.5%€34k▼ 24.7%
Equity€155k-€196k▲ 26.3%€215k▲ 9.6%€212k▼ 1.3%€209k▼ 1.4%
Operating result€-1k-€45k€18k▼ 60.2%€-6k€-5k▲ 21.2%
Net result€5k-€46k▲ 887%€24k▼ 47.8%€3k▼ 89.2%€2k▼ 6.0%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €6k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €659k
Fixed assets
€40k▼ 23.7%
Current assets
€619k▲ 36.0%
Equity and liabilities €659k
Equity
€209k▼ 1.4%
Provisions
€104k▲ 25.7%
Debt
€347k▲ 62.5%
The debt ratio rises from 42.0% to 52.6%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€9k▼
2024 · €11k
Cash flow
€16k▼
2024 · €20k
Solvency
31.7%▼
2024 · 41.8%
Current ratio
2.12▼
2024 · 2.66
Quick ratio
2.12▼
2024 · 2.66
Debt / equity
1.66▲
2024 · 1.00
ROE
1.2%▼
2024 · 1.2%
ROA
0.4%▼
2024 · 0.5%
Interest coverage
30.60▼
2024 · 46.28
Debt
€347k▲
2024 · €213k
Debt ≤ 1 year
€292k▲
2024 · €171k
Staff costs
€1.10M▲
2024 · €1.01M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€508k€659k▲
Fixed assets21/28€53k€40k▼
Tangible fixed assets22/27€50k€37k▼
Plant, machinery and equipment23€8k€2k▼
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€34k€28k▼
Assets under construction and advance payments27-€2k
Financial fixed assets28€3k€3k=
Current assets29/58€455k€619k▲
Amounts receivable within one year40/41€250k€450k▲
Trade receivables40€4k€4k▲
Other amounts receivable41€246k€446k▲
Cash at bank and in hand54/58€192k€160k▼
Deferred charges and accrued income490/1€13k€10k▼
Equity and liabilities
Total equity and liabilities10/49€508k€659k▲
Equity10/15€212k€209k▼
Reserves13€177k€116k▼
Profit (loss) carried forward14€3k€66k▲
Investment grants15€32k€27k▼
Provisions and deferred taxes16€82k€104k▲
Provisions for liabilities and charges160/5€82k€104k▲
Environmental obligations163€17k€17k=
Other liabilities and charges164/5€65k€87k▲
Amounts payable17/49€213k€347k▲
Amounts payable within one year42/48€171k€292k▲
Trade debts44€15k€153k▲
Suppliers440/4€15k€153k▲
Taxes, remuneration and social security45€155k€103k▼
Taxes450/3€17k-
Remuneration and social security454/9€138k€103k▼
Accrued charges and deferred income492/3€42k€55k▲
Income statement
Code20242025
Turnover70€45k€34k▼
Non-recurring operating income76A€4k€82k▲
Goods, raw materials, services and sundry goods60/61€253k€307k▲
Remuneration, social security and pensions62€1.01M€1.10M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€14k▼
Other operating charges640/8€11k€6k▼
Non-recurring operating charges66A€28k€45k▲
Gross operating margin9900€1.11M€1.18M▲
Operating profit (loss)9901€-6k€-5k▲
Financial income75/76B€9k€8k▼
Recurring financial income75€9k€8k▼
Financial charges65/66B€297€289▼
Recurring financial charges65€245€289▲
Non-recurring financial charges66B€53-
Profit (loss) for the period before taxes9903€3k€2k▼
Profit (loss) for the period9904€3k€2k▼
Profit (loss) for the period to be appropriated9905€3k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€66k▲
Profit (loss) brought forward from the previous period14P-€64k
Social balance
Average headcount (FTE)908717.319.8▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 320 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
25-01
State Gazette act
General meeting · Director appointment
Director resignation · Board composition
2023
31-12
Financial
Equity above €200kEq €215k ▲9.6%
4 profitable years in a row build equity to €215k.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €46k ▲887%
Operating result €45k, net result €46k, both a record.
12-12
State Gazette act
General meeting · Director appointment
Director resignation · Board composition
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
01-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 1 day late
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 3 days late
2019
31-12
Financial
Weakest financial yearnet €-383 ▼149%
Net result drops to €-383, the lowest in the series; recovery starts the following year.
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 86 days late
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 43 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2025
This board is reconstructed from a single act (25092675). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Anthony SPINA
CurrentDirector (executive) · since 22-07-2025
Christel SMETS
CurrentDirector (executive) · since 22-07-2025
Christelle KAMDEM MAGNE
CurrentDirector (executive) · since 22-07-2025
Cristina MIHULECEA
CurrentDirector (executive) · since 22-07-2025
Dominique MOOREN
CurrentDirector (executive) · since 22-07-2025
Jean-François BROUWAEYS
CurrentDirector (executive) · since 22-07-2025
+ 15 not shown in this overview
22-07-2025
Anthony SPINA: Appointed as Director (executive)
22-07-2025
Christel SMETS: Appointed as Director (executive)
22-07-2025
Christelle KAMDEM MAGNE: Appointed as Director (executive)
22-07-2025
Cristina MIHULECEA: Appointed as Director (executive)
22-07-2025
Dominique MOOREN: Appointed as Director (executive)
22-07-2025
Jean-François BROUWAEYS: Appointed as Director (executive)
22-07-2025
Juana SETEKPO: Appointed as Director (executive)
22-07-2025
Julie HINCQ: Appointed as Director (executive)
22-07-2025
Lara FRANKEN: Appointed as Director (executive)
22-07-2025
Laura CORRIAS: Appointed as Director (executive)
22-07-2025
Lucia VELLA: Appointed as Director (executive)
22-07-2025
Melissa ARANCIO: Appointed as Director (executive)
22-07-2025
Nathalie MASSOTTE: Appointed as Director (executive)
22-07-2025
Rollinx LIGAN: Appointed as Director (executive)
22-07-2025
Salomé HAESEN: Appointed as Director (executive)
22-07-2025
Sarah STEFFENS: Appointed as Director (executive)
22-07-2025
Sylvie UWURUGWIRO: Appointed as Director (executive)
22-07-2025
Tanya DI PANFILO: Appointed as Director (executive)
22-07-2025
Teri ZAJAC: Appointed as Director (executive)
22-07-2025
Thomas VANGUESTAINE: Appointed as Director (executive)
22-07-2025
Véronique HUWE: Appointed as Director (executive)
22-07-2025
Michèle SIMON: Resigned as Director (executive)
Location & real-estate footprint
Registered office, Seraing · 3 establishment units since 1997
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.
Rue du Papillon 454100 SeraingGround area
1,632 m²
Building footprint
448 m²
Volume, LiDAR
3,274 m³
3 parcels, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
FORM'ANIM
since 19972.168.452.321
Crèche "Les P'tits Bouts du Monde"
since 20162.258.392.996
Centre d'Insertion socioprofessionnelle "Tremplin Formation"
since 20232.352.903.264
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62355B0072/00M002 | Wallonia | 670 m² | 1 · 55 m² | 10.0 m · 3 fl. |
| 62352E0595/00H000 | Wallonia | 659 m² | 1 · 211 m² | 8.4 m · 2 fl. |
| 62355B0031/00T002 | Wallonia | 304 m² | 1 · 182 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 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
Wallonia-Brussels Federation
2023 to 2025 · 17 entries · 663,614 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 6 | 320,373 EUR |
| 2024 | 5 | 260,184 EUR |
| 2023 | 6 | 83,057 EUR |
Budget allocations
Sub. - PV : Crèches
Subventions aux associations reconnues à durée indéterminée dans le cadre du décret du 17 juillet 2003
Subventions aux associations reconnues à durée déterminée et indéterminée dans le cadre du décret du 17 juillet 2003
Sub. - PV : LREP
Financement du décret relatif à la lutte contre la pauvreté et à la réduction des inégalités sociales
Show 1 more
Soutien aux projets transversaux et locaux de promotion des droits culturels et de l'interculturalité
Recognitions · licences · registrations
Food safety, FASFC
1 siteSeraing2.258.392.996
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lhiving
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Of 2,195 companies in sector 88999 we hold annual accounts for 800. 632 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded22-02-1997
Fiscal year end31-12
Activities, NACEBEL
85323
88999Other social work without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
7 entriesWebsite:www.formanim.be
E-mail:info@formanim.be
Phone:04 / 338 16 35
Fax:04 / 336 42 53
Website:formanim.be
E-mail:michele.simon@formanim.be
Phone:04/385 19 97