FORMAC CONSULT
ActiveSummary
FORMAC CONSULT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €442k and a net result of €78k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+3
Solvency86▲+4
Growth35=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.11 against 3.6 in 2024; short-term debt: 22.8% and cash: 5.5% of total assets), and 39% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
61%
Return on assets
10.7%
Age of the figures
12 mo
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 20-02-2026, 69 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
69 d early
2024
32 d early
2023
36 d early
2022
29 d early
2021
24 d early
2020
on the day
2019
14 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
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€634k▲ 1.6%
2018 · €624k
EBIT margin
17.7%▼ 5.6pp
2018 · 23.3%
Net result
€78k▲ 21.8%
2024 · €64k
Working capital
€514k▲ 1.4%
2024 · €507k
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
Turnover
Operating result€355k▲ 126%€95k▼ 73.3%€67k▼ 29.3%€83k▲ 23.2%€99k▲ 19.9%
Net result€459k▲ 134%€72k▼ 84.3%€64k▼ 11.3%€64k▼ 0.2%€78k▲ 21.8%
EBIT margin
Equity€738k▲ 164%€610k▼ 17.4%€478k▼ 21.6%€441k▼ 7.9%€442k▲ 0.4%
Total assets€1.02M▼ 18.4%€1.07M▲ 5.0%€920k▼ 14.0%€768k▼ 16.4%€725k▼ 5.7%
Debt€280k▼ 71.1%€459k▲ 64.0%€441k▼ 3.9%€328k▼ 25.7%€282k▼ 13.8%
Working capital€792k▲ 7,128%€653k▼ 17.5%€536k▼ 17.9%€507k▼ 5.5%€514k▲ 1.4%
Staff (FTE)3.4▼ 35.8%1▼ 70.6%1=1=1=
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €725k
Fixed assets
€45k ▼ 32.1%
Current assets
€680k ▼ 3.2%
Equity and liabilities €725k
Equity
€442k ▲ 0.4%
Debt
€282k ▼ 13.8%
Debt's share of the balance-sheet total falls from 42.7% to 39.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€120k▲
2024 · €107k
Cash flow
€99k▲
2024 · €88k
Current ratio
4.11▲
2024 · 3.60
Debt to equity
0.64▼
2024 · 0.74
ROE
17.6%▲
2024 · 14.5%
ROA
10.7%▲
2024 · 8.3%
Interest coverage
10.12▲
2024 · 8.81
Debt ≤ 1 year
€165k▼
2024 · €195k
Debt > 1 year
€117k▼
2024 · €132k
Income taxes
€26k▲
2024 · €25k
Staff costs
€28k▼
2024 · €30k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €151k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €197k | €25k | €26k | €30k | €28k | ▼ 6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €26k | €30k | €25k | €21k | ▼ 13.6% |
| Other operating charges640/8 | €2k | €3k | €3k | €4k | €4k | ▲ 3.1% |
| Non-recurring operating charges66A | €13k | - | - | - | - | - |
| Gross operating margin9900 | €594k | €150k | €126k | €141k | €152k | ▲ 8.0% |
| Operating profit (loss)9901 | €355k | €95k | €67k | €83k | €99k | ▲ 19.9% |
| Financial income75/76B | €171k | €13k | €24k | €19k | €17k | ▼ 10.6% |
| Recurring financial income75 | €3k | €13k | €24k | €19k | €17k | ▼ 10.6% |
| Non-recurring financial income76B | €168k | - | - | - | - | - |
| Financial charges65/66B | €9k | €7k | €9k | €12k | €12k | ▼ 2.3% |
| Recurring financial charges65 | €9k | €7k | €9k | €12k | €12k | ▼ 2.3% |
| Profit (loss) for the period before taxes9903 | €517k | €101k | €82k | €89k | €104k | ▲ 16.6% |
| Income taxes67/77 | €58k | €29k | €18k | €25k | €26k | ▲ 3.4% |
| Profit (loss) for the period9904 | €459k | €72k | €64k | €64k | €78k | ▲ 21.8% |
| Transfer from tax-exempt reserves789 | €37k | €38k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €496k | €109k | €64k | €64k | €78k | ▲ 21.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.02M | €1.07M | €920k | €768k | €725k | ▼ 5.7% |
| Fixed assets21/28 | €124k | €120k | €91k | €66k | €45k | ▼ 32.1% |
| Tangible fixed assets22/27 | €124k | €120k | €91k | €66k | €45k | ▼ 32.1% |
| Land and buildings22 | €116k | €101k | €80k | €62k | €45k | ▼ 28.2% |
| Plant, machinery and equipment23 | €8k | €19k | €11k | €4k | €288 | ▼ 92.7% |
| Current assets29/58 | €894k | €949k | €829k | €702k | €680k | ▼ 3.2% |
| Amounts receivable after more than one year29 | €431k | €431k | €236k | €146k | - | - |
| Other amounts receivable291 | €431k | €431k | €236k | €146k | - | - |
| Amounts receivable within one year40/41 | €23k | €55k | €76k | €47k | €40k | ▼ 15.9% |
| Trade receivables40 | €23k | €44k | €69k | €47k | €39k | ▼ 16.7% |
| Other amounts receivable41 | - | €11k | €7k | - | €408 | - |
| Current investments50/53 | €85k | €180k | €460k | €370k | €600k | ▲ 62.2% |
| Cash at bank and in hand54/58 | €351k | €279k | €57k | €139k | €40k | ▼ 71.2% |
| Deferred charges and accrued income490/1 | €3k | €3k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.02M | €1.07M | €920k | €768k | €725k | ▼ 5.7% |
| Equity10/15 | €738k | €610k | €478k | €441k | €442k | ▲ 0.4% |
| Contributions10/11 | €165k | €165k | €165k | €165k | €165k | = |
| Capital10 | €165k | €165k | €165k | €165k | €165k | = |
| Issued capital100 | €165k | €165k | €165k | €165k | €165k | = |
| Reserves13 | €573k | €445k | €309k | €272k | €275k | ▲ 1.0% |
| Non-distributable reserves130/1 | €17k | €17k | €17k | €17k | €17k | = |
| Legal reserve130 | €17k | €17k | €17k | €17k | €17k | = |
| Tax-exempt reserves132 | €38k | - | - | - | - | - |
| Distributable reserves133 | €519k | €428k | €292k | €256k | €259k | ▲ 1.0% |
| Investment grants15 | - | - | €5k | €3k | €2k | ▼ 33.3% |
| Amounts payable17/49 | €280k | €459k | €441k | €328k | €282k | ▼ 13.8% |
| Amounts payable after more than one year17 | €178k | €163k | €148k | €132k | €117k | ▼ 11.7% |
| Financial debts170/4 | €78k | €63k | €48k | €32k | €17k | ▼ 47.7% |
| Other amounts payable178/9 | €100k | €100k | €100k | €100k | €100k | = |
| Amounts payable within one year42/48 | €102k | €295k | €293k | €195k | €165k | ▼ 15.3% |
| Current portion of amounts payable after more than one year42 | €15k | €15k | €14k | €15k | €16k | ▲ 1.0% |
| Trade debts44 | €14k | €16k | €15k | €2k | - | - |
| Suppliers440/4 | €14k | €16k | €15k | €2k | - | - |
| Taxes, remuneration and social security45 | €26k | €16k | €13k | €21k | €10k | ▼ 49.7% |
| Taxes450/3 | €24k | €12k | €8k | €16k | €10k | ▼ 36.0% |
| Remuneration and social security454/9 | €2k | €4k | €5k | €4k | - | - |
| Other amounts payable47/48 | €47k | €248k | €250k | €157k | €140k | ▼ 11.2% |
| Accrued charges and deferred income492/3 | - | €868 | €868 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €459k | €72k | €64k | €64k | €78k | ▲ 21.8% |
| + Depreciation and write-downs630 | €28k | €26k | €30k | €25k | €21k | ▼ 13.6% |
| Operating cash flow (approximation) | €487k | €98k | €94k | €88k | €99k | ▲ 12.0% |
| Investment in fixed assets (approximation) | - | €-23k | €0 | €0 | €0 | - |
| Change in cash | - | €-72k | €-223k | €82k | €-99k | ▼ 220% |
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
2026
20-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Highest result since 2018net €459k ▲134%
Operating result €355k, net result €459k, both a record.
30-09
Financial
Liquidity times 9current ratio 8.78
Current ratio from 1.01 to 8.78; short-term debt falls from €740k to €102k.
30-09
Financial
Equity above €500kEq €738k ▲164%
4 profitable years in a row build equity to €738k.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Weakest financial yearnet €52k ▼38.6%
Net result drops to €52k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Verviers · 1 establishment unit since 1989
Ground area
471 m²
Building footprint
88 m²
Volume, LiDAR
836 m³
Parcel 63079D0393/00E010, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue des Déportés 120, 4800 Verviers
since 19892.044.277.572
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079D0393/00E010 | Wallonia | 471 m² | 1 · 88 m² | 11.5 m · 3 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 2,711 companies in sector 73200 we hold annual accounts for 1,780. 1,294 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded20-07-1989
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
73200Market research and public opinion polling
Scores and ratios are computed by Checked and are not a credit decision.