FORMAREA
ActiveFORMAREA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €50k and a net result of €10k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 3539 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
93
/ 100
Excellent▲ +48 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability100▲+100
Solvency100=
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.98), and 33.6% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
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
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 2024Solvency, return and age of the figures
Solvency
66.4%
Return on assets
13.6%
Age of the figures
20 mo
lowers risk · Growing equity
Equity grew over 2021-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
181920212224
2018 to 2024 · latest year €50k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2022
8 d late
2021
3 d early
2020
25 d late
2019
27 d late
2018
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€27k
EBIT margin
52.3%
Net result
€10k
2022 · €-1k
2018: €-564
2019: €-516
2020: €-399
2021: €-1k
2022: €-1k
2018 → 2024
Working capital
€50k▲ 428%
2019 · €9k
2018: €10k
2019: €9k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Turnover€27k
Equity€9k-€9k▼ 4.2%€8k▼ 12.5%€7k▼ 12.8%€50k▲ 623%
Operating result€-479-€-357▲ 25.5%€-1k▼ 204%€-965▲ 11.2%€14k
Net result€-516-€-399▲ 22.7%€-1k▼ 184%€-1k▲ 10.7%€10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €14k after a loss of €965 in 2022, the highest year so far.
Balance-sheet composition
Equity and liabilities €75k
Equity
€50k
Debt
€25k
Debt finances 33.6% of the balance-sheet total.
Key figures and ratios
Solvency
66.4%▼
2022 · 100.0%
Current ratio
2.98
Quick ratio
2.98
Debt / equity
0.51
ROE
20.4%▲
2022 · -14.7%
ROA
13.6%▲
2022 · -14.7%
Debt
€25k
Debt ≤ 1 year
€25k
Income taxes
€4k
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 · 2024 against 2022
Balance sheet
Code20222024
Assets
Total assets20/58€7k€75k▲
Current assets29/58€7k€75k▲
Amounts receivable within one year40/41€348€48k▲
Trade receivables40€348€33k▲
Other amounts receivable41-€15k
Cash at bank and in hand54/58€7k€27k▲
Equity and liabilities
Total equity and liabilities10/49€7k€75k▲
Equity10/15€7k€50k▲
Contributions10/11€6k€19k▲
Reserves13€4k€2k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2k€0▼
Profit (loss) carried forward14€-3k€30k▲
Amounts payable17/49-€25k
Amounts payable within one year42/48-€25k
Trade debts44-€13k
Suppliers440/4-€13k
Taxes, remuneration and social security45-€12k
Taxes450/3-€12k
Other amounts payable47/48-€0
Income statement
Code20222024
Turnover70-€27k
Goods, raw materials, services and sundry goods60/61€965€13k▲
Other operating charges640/8€348-
Gross operating margin9900€-618€14k▲
Operating profit (loss)9901€-965€14k▲
Financial charges65/66B€45€11▼
Recurring financial charges65€45€11▼
Profit (loss) for the period before taxes9903€-1k€14k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€-1k€10k▲
Profit (loss) for the period to be appropriated9905€-1k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€30k▲
Profit (loss) brought forward from the previous period14P€-2k€19k▲
Transfer from equity791/2-€2k
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €10k
Net result €10k after 5 loss-making years.
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
2015
28-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Virton · 1 establishment unit since 2011
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 Docteur-Albert-Hustin,Ethe 736760 VirtonGround area
187 m²
Building footprint
76 m²
Volume, LiDAR
741 m³
Parcel 85010B0219/00K000, Wallonia · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FORMAREA
since 20112.199.665.238
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85010B0219/00K000 | Wallonia | 187 m² | 1 · 76 m² | 14.6 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.
Similar companies · same sector, comparable size
TELECTROSERVICE
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DEMEC
BE 0475.522.308
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Débélé
BE 0659.712.440
Antwerpen · Eq €49k
SKYLLA
BE 0475.444.807
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Repairo
BE 1004.597.920
Namur · Eq €48k
Of 858 companies in sector 95100 we hold annual accounts for 262. 211 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-06-2011
Fiscal year end31-12
Activities, NACEBEL
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
62010Computer programming, consultancy and related activities
62020IT consultancy
62030Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
62200Computer consultancy and computer facilities management
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.