FORMA
ActiveSummary
FORMA has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €345k and a net result of €283k. Equity is growing by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 40% of 1638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+78
Solvency57▲+24
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.15 in 2024; short-term debt: 55.5% and cash: 35% of total assets), and 68.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
26.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-11-2025, 67 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
67 d early
2024
9 d early
2023
32 d early
2022
on the day
2021
55 d early
2020
58 d early
2019
96 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€345k▲ 458%
2024 · €62k
2019: €198k
2020: €260k
2021: €378k
2022: €491k
2023: €691k
2024: €62k
2019 → 2025
Total assets
€1.09M▲ 38.0%
2024 · €787k
2019: €1.43M
2020: €1.45M
2021: €1.58M
2022: €1.72M
2023: €3.17M
2024: €787k
2019 → 2025
Net result
€283k
2024 · €-625k
2019: €1.02M
2020: €62k
2021: €118k
2022: €113k
2023: €200k
2024: €-625k
2019 → 2025
Working capital
€288k▲ 237%
2024 · €86k
2019: €601k
2020: €637k
2021: €810k
2022: €719k
2023: €811k
2024: €86k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€378k-€491k▲ 29.9%€691k▲ 40.7%€62k▼ 91.1%€345k▲ 458%
Operating result€225k-€189k▼ 15.7%€283k▲ 49.7%€211k▼ 25.5%€383k▲ 81.7%
Net result€118k-€113k▼ 4.1%€200k▲ 76.9%€-625k€283k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 82% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.09M
Fixed assets
€195k ▲ 33.5%
Current assets
€891k ▲ 39.0%
Equity and liabilities €1.09M
Equity
€345k ▲ 458%
Debt
€742k ▲ 2.2%
Debt's share of the balance-sheet total falls from 92.2% to 68.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€440k▲
2024 · €231k
Cash flow
€340k▲
2024 · €-605k
Current ratio
1.48▲
2024 · 1.15
Debt to equity
2.15▼
2024 · 11.75
ROE
82.2%
ROA
26.1%▲
2024 · -79.4%
Interest coverage
16.35▲
2024 · 2.59
Debt ≤ 1 year
€603k▲
2024 · €556k
Debt > 1 year
€110k▼
2024 · €127k
Income taxes
€73k▲
2024 · €61k
Staff costs
€822k▲
2024 · €590k
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 · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€787k€1.09M▲
Fixed assets21/28€146k€195k▲
Tangible fixed assets22/27€132k€181k▲
Land and buildings22€81k€78k▼
Furniture and vehicles24€51k€103k▲
Financial fixed assets28€14k€14k▼
Current assets29/58€641k€891k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€407k€494k▲
Trade receivables40€381k€463k▲
Other amounts receivable41€26k€31k▲
Cash at bank and in hand54/58€231k€380k▲
Deferred charges and accrued income490/1€3k€17k▲
Equity and liabilities
Total equity and liabilities10/49€787k€1.09M▲
Equity10/15€62k€345k▲
Contributions10/11€156k€156k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-94k€188k▲
Amounts payable17/49€725k€742k▲
Amounts payable after more than one year17€127k€110k▼
Financial debts170/4€127k€110k▼
Amounts payable within one year42/48€556k€603k▲
Current portion of amounts payable after more than one year42€88k€70k▼
Financial debts43€140k€140k=
Credit institutions430/8€140k€140k=
Trade debts44€200k€183k▼
Suppliers440/4€200k€183k▼
Taxes, remuneration and social security45€123k€210k▲
Taxes450/3€20k€80k▲
Remuneration and social security454/9€103k€130k▲
Other amounts payable47/48€4k€0▼
Accrued charges and deferred income492/3€43k€29k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€590k€822k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€57k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€7k€9k▲
Gross operating margin9900€827k€1.27M▲
Operating profit (loss)9901€211k€383k▲
Financial income75/76B€89k€88▼
Recurring financial income75€89k€88▼
Non-recurring financial income76B€0-
Financial charges65/66B€864k€27k▼
Recurring financial charges65€89k€27k▼
Non-recurring financial charges66B€775k€0▼
Profit (loss) for the period before taxes9903€-564k€356k▲
Income taxes67/77€61k€73k▲
Profit (loss) for the period9904€-625k€283k▲
Profit (loss) for the period to be appropriated9905€-625k€283k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-625k€188k▲
Profit (loss) brought forward from the previous period14P-€-95k
Transfer from equity791/2€535k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€4k€0▼
Employees696€4k€0▼
Social balance
Average headcount (FTE)90877.58.2▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Back to profitnet €283k
Net result €283k after one loss-making year.
30-06
Financial
Equity above €200kEq €345k ▲458%
Equity rises from €62k to €345k.
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €-625k ▼413%
Net result drops to €-625k, the lowest in the series; recovery starts the following year.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
31-03
Financial
Equity above €500kEq €691k ▲40.7%
5 profitable years in a row build equity to €691k.
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
03-12
State Gazette act
General meeting · Director resignation
Director discharge · Board composition
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Equity above €200kEq €260k ▲31.2%
2 profitable years in a row build equity to €260k.
Show earlier events
2019
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
18-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Ingelmunster · 1 establishment unit since 2009
Ground area
198 m²
Building footprint
142 m²
Volume, LiDAR
964 m³
Parcel 36007D0341/00A005, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FORMA
since 20092.179.673.637
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007D0341/00A005 | Flanders | 198 m² | 1 · 142 m² | 11.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 7,029 EUR awarded · 7,404 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,409 EUR | 3,409 EUR |
| 2024 | 1 | 1,320 EUR | 1,320 EUR |
| 2023 | 1 | 0 EUR | 375 EUR |
| 2022 | 1 | 2,300 EUR | 2,300 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaams opleidingsverlof (VOV)
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Of 13,421 companies in sector 73300 we hold annual accounts for 6,901. 4,664 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2009
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.formabv.be
E-mail:[email protected]