FORMA
ActiveThe computed 12-month bankruptcy probability of FORMA is 1.7% (moderate). The annual accounts of FORMA for fiscal year 2025 show a net loss of 96% of total assets and of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €11k and a net result of €-17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 80% of 3668 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-49
Solvency88▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.71 against 1.49 in 2024; short-term debt: 36.9% and cash: 21.7% of total assets), and 36.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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 2025Solvency, return and age of the figures
Solvency
63.1%
Return on assets
-96.4%
Age of the figures
9 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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
34 d early
2023
19 d early
2022
31 d early
2021
34 d early
2020
11 d late
2019
25 d early
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€11k▼ 60.4%
2024 · €28k
2018: €-26k
2019: €-40k
2020: €38k
2021: €30k
2022: €35k
2023: €25k
2024: €28k
2018 → 2025
Total assets
€17k▼ 70.7%
2024 · €60k
2018: €104k
2019: €93k
2020: €89k
2021: €65k
2022: €74k
2023: €63k
2024: €60k
2018 → 2025
Net result
€-17k
2024 · €3k
2018: €-28k
2019: €-14k
2020: €78k
2021: €-8k
2022: €4k
2023: €-9k
2024: €3k
2018 → 2025
Working capital
€11k▼ 29.2%
2024 · €16k
2018: €-66k
2019: €-87k
2020: €8k
2021: €7k
2022: €17k
2023: €13k
2024: €16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€35k▲ 13.7%€25k▼ 27.3%€28k▲ 10.4%€11k▼ 60.4%
Operating result€-11k-€4k€-9k€3k€-17k
Net result€-8k-€4k€-9k€3k€-17k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17k after €3k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €17k
Equity
€11k▼ 60.4%
Debt
€6k▼ 79.8%
The debt ratio falls from 53.3% to 36.9%. Equity and debt are lower.
Key figures and ratios
Solvency
63.1%▲
2024 · 46.7%
Current ratio
2.71▲
2024 · 1.49
Quick ratio
2.71▲
2024 · 1.49
Debt / equity
0.58▼
2024 · 1.14
ROE
-152.8%▼
2024 · 9.4%
ROA
-96.4%▼
2024 · 4.4%
Debt
€6k▼
2024 · €32k
Debt ≤ 1 year
€6k▼
2024 · €32k
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€60k€17k▼
Fixed assets21/28€12k-
Financial fixed assets28€12k-
Current assets29/58€47k€17k▼
Amounts receivable within one year40/41€39k€14k▼
Trade receivables40€23k€12k▼
Other amounts receivable41€17k€2k▼
Cash at bank and in hand54/58€8k€4k▼
Equity and liabilities
Total equity and liabilities10/49€60k€17k▼
Equity10/15€28k€11k▼
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€7k€-9k▼
Amounts payable17/49€32k€6k▼
Amounts payable within one year42/48€32k€6k▼
Trade debts44€17k€400▼
Suppliers440/4€17k€400▼
Other amounts payable47/48€15k€6k▼
Income statement
Code20242025
Other operating charges640/8€387€400▲
Non-recurring operating charges66A-€10k
Gross operating margin9900€3k€-7k▼
Operating profit (loss)9901€3k€-17k▼
Financial income75/76B€0€297▲
Recurring financial income75€0€297▲
Financial charges65/66B€117€140▲
Recurring financial charges65€117€140▲
Profit (loss) for the period before taxes9903€3k€-17k▼
Profit (loss) for the period9904€3k€-17k▼
Profit (loss) for the period to be appropriated9905€3k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-9k▼
Profit (loss) brought forward from the previous period14P€5k€7k▲
The notes to these accounts (1 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
31-12
Financial
Back to profitnet €78k
Net result €78k after 2 loss-making years.
31-12
Financial
Liquidity times 6current ratio 1.16
Current ratio from 0.18 to 1.16; short-term debt falls from €107k to €51k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 118 days late
2018
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 91 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Châtelet · 1 establishment unit since 1994
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 des Marchands 346200 ChâteletGround area
73 m²
Building footprint
33 m²
Volume, LiDAR
266 m³
Parcel 52502C0072/00R016, Wallonia · tallest building 8.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FORMA
since 19942.065.936.088
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52502C0072/00R016 | Wallonia | 73 m² | 1 · 33 m² | 8.8 m · 3 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.
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LYA COMPANY
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FLAKE
BE 1025.203.193
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BELLON
BE 0800.860.605
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De 3 Karmelieten
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Antwerpen · Eq €11k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 7,350 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-02-1994
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.