Summary
FORMA GROUP has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €68,981 and a net result of €68,938. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 6131 sector peers (fiscal year 2024). The company has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-08-2025, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d late
2023
33 d early
2022
34 d early
2021
16 d early
2020
16 d late
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#8 oldest company in Aubange, Wholesale and retail trade sector#10 company by total assets in Aubange, Wholesale and retail trade sector
Turnover
€119,480
EBIT margin
94.3%
Net result
€68,938
2023 · -€3,277
Working capital
€88,703
2023 · -€10,999
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€119,480
Operating result-€3,799▼ 36.3%-€2,016▲ 46.9%€28,192-€1,807€112,665
Net result-€4,089below the sector's middle half▼ 30.4%-€2,532below the sector's middle half▲ 38.1%€28,144above the sector's middle half-€3,277within the sector's middle half€68,938within the sector's middle half
EBIT margin94.3%
Equity-€33,334below the sector's middle half▼ 14.0%-€35,866below the sector's middle half▼ 7.6%-€7,722below the sector's middle half▲ 78.5%-€10,999below the sector's middle half▼ 42.4%€68,981below the sector's middle half
Total assets€117below the sector's middle half▼ 77.9%€30below the sector's middle half▼ 74.1%€1,832below the sector's middle half▲ 5,912%€304below the sector's middle half▼ 83.4%€988,494below the sector's middle half▲ 325,052%
Debt€33,451▲ 12.3%€35,896▲ 7.3%€9,554▼ 73.4%€11,303▲ 18.3%€919,513▲ 8,035%
Working capital-€33,334below the sector's middle half▼ 14.0%-€35,866below the sector's middle half▼ 7.6%-€7,722below the sector's middle half▲ 78.5%-€10,999below the sector's middle half▼ 42.4%€88,703below the sector's middle half
Solvency7.0%below the sector's middle half
Current ratio3.79above the sector's middle half
Return on assets (ROA)7.0%within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €112,665 after a loss of €1,807 in 2023, the highest result in the available series.
Balance-sheet composition
Assets €988,494
Fixed assets
€868,000
Current assets
€120,494
Equity and liabilities €988,494
Equity
€68,981
Debt
€919,513
Debt finances 93.0% of the balance-sheet total.
Key figures and ratios
ROE
99.9%
Debt ≤ 1 year
€31,791▲
2023 · €11,303
Debt > 1 year
€887,722
Income taxes
€25,095
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €119,480 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €6,815 | - |
| Other operating charges640/8 | - | €348 | €348 | €384 | - | - |
| Gross operating margin9900 | -€3,451 | -€1,669 | €28,539 | -€1,422 | €112,665 | ▲ 8,021% |
| Operating profit (loss)9901 | -€3,799 | -€2,016 | €28,192 | -€1,807 | €112,665 | ▲ 6,336% |
| Financial income75/76B | - | €3 | - | - | - | - |
| Recurring financial income75 | - | €3 | - | - | - | - |
| Financial charges65/66B | - | €519 | €48 | €1,470 | €18,632 | ▲ 1,167% |
| Recurring financial charges65 | €291 | €519 | €48 | €1,470 | €18,632 | ▲ 1,167% |
| Profit (loss) for the period before taxes9903 | -€4,089 | -€2,532 | €28,144 | -€3,277 | €94,033 | ▲ 2,970% |
| Income taxes67/77 | - | - | - | - | €25,095 | - |
| Profit (loss) for the period9904 | -€4,089 | -€2,532 | €28,144 | -€3,277 | €68,938 | ▲ 2,204% |
| Profit (loss) for the period to be appropriated9905 | -€4,089 | -€2,532 | €28,144 | -€3,277 | €68,938 | ▲ 2,204% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117 | €30 | €1,832 | €304 | €988,494 | ▲ 325,052% |
| Fixed assets21/28 | - | - | - | - | €868,000 | - |
| Financial fixed assets28 | - | - | - | - | €868,000 | - |
| Current assets29/58 | €117 | €30 | €1,832 | €304 | €120,494 | ▲ 39,535% |
| Amounts receivable within one year40/41 | - | - | - | €285 | - | - |
| Other amounts receivable41 | - | - | - | €285 | - | - |
| Cash at bank and in hand54/58 | €117 | €30 | €1,832 | €19 | €120,494 | ▲ 645,288% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117 | €30 | €1,832 | €304 | €988,494 | ▲ 325,052% |
| Equity10/15 | -€33,334 | -€35,866 | -€7,722 | -€10,999 | €68,981 | ▲ 727% |
| Contributions10/11 | - | €9,455 | €9,455 | €9,455 | €11,315 | ▲ 19.7% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | -€44,649 | -€47,181 | -€19,037 | -€22,314 | €57,666 | ▲ 358% |
| Amounts payable17/49 | €33,451 | €35,896 | €9,554 | €11,303 | €919,513 | ▲ 8,035% |
| Amounts payable after more than one year17 | - | - | - | - | €887,722 | - |
| Other amounts payable178/9 | - | - | - | - | €887,722 | - |
| Amounts payable within one year42/48 | €33,451 | €35,896 | €9,554 | €11,303 | €31,791 | ▲ 181% |
| Trade debts44 | €4,387 | €3,595 | €2,224 | €2,253 | €6,641 | ▲ 195% |
| Suppliers440/4 | - | €3,595 | €2,224 | €2,253 | €6,641 | ▲ 195% |
| Taxes, remuneration and social security45 | - | - | €7,329 | - | €25,150 | - |
| Taxes450/3 | - | - | €7,329 | - | €25,150 | - |
| Other amounts payable47/48 | - | €32,302 | - | €9,050 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,089 | -€2,532 | €28,144 | -€3,277 | €68,938 | ▲ 2,204% |
| Operating cash flow (approximation) | -€4,089 | -€2,532 | €28,144 | -€3,277 | €68,938 | ▲ 2,204% |
| Change in cash | - | -€87 | €1,801 | -€1,813 | €120,475 | ▲ 6,745% |
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
2026
22-06
State Gazette act
General meeting · Other statement
Shareholding · Director resignation
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 7 days late
2024
31-12
Financial
Back to profitnet €68,938
Net result €68,938 after one loss-making year.
31-12
Financial
Liquidity times 141current ratio 3.79
Current ratio from 0.03 to 3.79.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €28,144
Net result €28,144 after 4 loss-making years.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
18-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Aubange · 1 establishment unit since 2000
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.
Complexe douanier - AUBANGE S/N6790 AubangeGround area
313 m²
Building footprint
55 m²
Volume, LiDAR
366 m³
Parcel 64423A0298/00L002, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Gare 18, 4347 Fexhe-le-Haut-Clocher
since 20002.063.801.890
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64423A0298/00L002 | Wallonia | 313 m² | 1 · 55 m² | 7.0 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 6,146 companies in sector 46190 we hold annual accounts for 2,577. 1,970 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
Founded23-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.