FORMAREA
ActiveFrom the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
FORMAREA has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,760 and a net result of €24,883. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 62% of 3,298 sector peers (NACE 95, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Official details
KBO- Status
- Active since 01-06-2011 Normal situation
- Legal form
- Private limited company
- Registered office
- Rue Docteur-Albert-Hustin,Ethe 73, 6760 Virton
- Activity
- Repair and maintenance of computers and communication equipment NACE 95100and 4 others
- Establishment unit
- 2.199.665.238 6760 Virton, since 16-06-2011
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Turnover
- €124,000
- ▲ 355%
- Profit
- €24,883
- ▲ 145%
- Equity
- €63,760
- ▲ 28.0%
- Total assets
- €128,143
- ▲ 70.9%
- Staff
- ≈ 0 FTE
- estimated
Score breakdownraises riskLast filed accounts filed 60 days late; 2 of the last 3 accounts lateSize: turnover €124,000, total assets €128,143lowers riskFounded in 2011Liquidity: current ratio 1.60, cash €23,596Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 95, micro). It does better than 60% of them on solvency, 43% on liquidity, 85% on profitability and 87% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 25 days after the deadline. In the sector (NACE 95), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed 60 days after the deadline Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00530863.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 29-09-2026
- Format
- micro format
- Reference
- 2026-00530863
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result for 2025 is 146% higher than in 2024 and the highest since 2020.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as FORMAREA has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of FORMAREA itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for FORMAREA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | €27,278 | €124,000 | ▲ 355% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1,087 | €965 | €13,020 | €71,867 | ▲ 452% |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | €250 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | - | €16,430 | - |
| Other operating charges640/8 | - | - | - | €348 | €348 | - | €46 | - |
| Gross operating margin9900 | -€180 | -€132 | -€10 | -€739 | -€618 | €14,258 | €51,785 | ▲ 263% |
| Operating profit (loss)9901 | -€528 | -€479 | -€357 | -€1,087 | -€965 | €14,258 | €35,059 | ▲ 146% |
| Financial charges65/66B | - | - | - | €45 | €45 | €11 | €392 | ▲ 35× |
| Recurring financial charges65 | €36 | €37 | €42 | €45 | €45 | €11 | €392 | ▲ 35× |
| Profit (loss) for the period before taxes9903 | -€564 | -€516 | -€399 | -€1,132 | -€1,010 | €14,247 | €34,666 | ▲ 143% |
| Income taxes67/77 | - | - | - | - | - | €4,081 | €9,783 | ▲ 140% |
| Profit (loss) for the period9904 | -€564 | -€516 | -€399 | -€1,132 | -€1,010 | €10,166 | €24,883 | ▲ 145% |
| Profit (loss) for the period to be appropriated9905 | -€564 | -€516 | -€399 | -€1,132 | -€1,010 | €10,166 | €24,883 | ▲ 145% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €9,955 | €9,430 | €9,031 | €7,899 | €6,889 | €74,989 | €128,143 | ▲ 70.9% |
| Fixed assets21/28 | €0 | €0 | - | - | - | - | €26,570 | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | €0 | - | - | - | - | €26,570 | - |
| Plant, machinery and equipment23 | - | - | - | - | - | - | €16,001 | - |
| Furniture and vehicles24 | - | - | - | - | - | - | €10,569 | - |
| Current assets29/58 | €9,955 | €9,430 | €9,031 | €7,899 | €6,889 | €74,989 | €101,573 | ▲ 35.5% |
| Amounts receivable within one year40/41 | €1,035 | €1,118 | €1,270 | - | €348 | €48,259 | €66,314 | ▲ 37.4% |
| Trade receivables40 | - | - | - | - | €348 | €33,354 | €66,314 | ▲ 98.8% |
| Other amounts receivable41 | - | - | - | - | - | €14,905 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €8,920 | €8,312 | €7,761 | €7,899 | €6,541 | €26,730 | €23,596 | ▼ 11.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €11,663 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €9,955 | €9,430 | €9,031 | €7,899 | €6,889 | €74,989 | €128,143 | ▲ 70.9% |
| Equity10/15 | €9,946 | €9,430 | €9,031 | €7,899 | €6,889 | €49,802 | €63,760 | ▲ 28.0% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €18,600 | €7,740 | ▼ 58.4% |
| Reserves13 | €3,915 | €3,915 | €3,915 | €3,915 | €3,915 | €1,540 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | - | - | - | €1,540 | €1,540 | €1,540 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,540 | €1,540 | €1,540 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €2,375 | €2,375 | €0 | - | - |
| Profit (loss) carried forward14 | -€169 | -€685 | -€1,084 | -€2,216 | -€3,226 | €29,663 | €56,021 | ▲ 88.9% |
| Amounts payable17/49 | €9 | €0 | - | - | - | €25,187 | €64,383 | ▲ 156% |
| Amounts payable within one year42/48 | €9 | €0 | - | - | - | €25,187 | €63,306 | ▲ 151% |
| Trade debts44 | €9 | €0 | - | - | - | €13,309 | €37,835 | ▲ 184% |
| Suppliers440/4 | - | - | - | - | - | €13,309 | €37,835 | ▲ 184% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €11,878 | €25,470 | ▲ 114% |
| Taxes450/3 | - | - | - | - | - | €11,878 | €25,470 | ▲ 114% |
| Remuneration and social security454/9 | - | - | - | - | - | - | €0 | - |
| Other amounts payable47/48 | - | - | - | - | - | €0 | €0 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €1,077 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€564 | -€516 | -€399 | -€1,132 | -€1,010 | €10,166 | €24,883 | ▲ 145% |
| + Depreciation and write-downs630 | - | - | - | - | - | - | €16,430 | - |
| Operating cash flow (approximation) | -€564 | -€516 | -€399 | -€1,132 | -€1,010 | €10,166 | €41,313 | ▲ 306% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - | - | - |
| Change in cash | - | -€608 | -€552 | €138 | -€1,358 | - | -€3,134 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-09-2026 | 2026-00530863 | NBB |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00452567 | |
| 31-12-2022 | micro format | 08-08-2023 | 2023-00320361 | |
| 31-12-2021 | micro format | 28-07-2022 | 2022-20235212 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-54700289 | |
| 31-12-2019 | micro format | 27-08-2020 | 2020-45600432 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-58900281 | |
| 31-12-2017 | micro format | 30-08-2018 | 2018-58500377 | |
| 31-12-2016 | micro format | 30-08-2017 | 2017-55700053 | |
| 31-12-2015 | full format | 26-08-2016 | 2016-50100317 |
Comparable companies
These companies have the same main activity as FORMAREA: repair and maintenance of computers and communication equipment (NACE 95100). They are comparable in size and age: total assets between €97,900 and €169,000, founded between 2006 and 2014.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| FORMAREA Virton | 2011 | €128,143 | €63,760 | €51,785 | €124,000 | €24,883 | 2025 |
| UNILEX SOLUTION Mol | 2011 | €168,506 | €165,592 | €37,644 | €124,507 | €17,443 | 2025 |
| MIT CONSULTING Elsene | 2008 | €157,056 | €99,436 | €55,207 | - | €32,791 | 2025 |
| RENT@TECH Essen | 2014 | €109,536 | €68,539 | €41,858 | - | €21,948 | 2025 |
| eXXeo Sint-Jans-Molenbeek | 2014 | €102,414 | €81,579 | €67,578 | - | €65,092 | 2025 |
| WIND FOREVER CONSULTING Tervuren | 2008 | €97,852 | €71,779 | €85,003 | - | €78,636 | 2026 |
| MM SOLUTIONS Watermaal-Bosvoorde | 2006 | €133,112 | €95,861 | €46,587 | - | €29,664 | 2025 |
They were chosen from the 268 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LORTHIOIS Frédéric |
|
| BROSTEAUX Rudy |
|
The board according to the articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Avec ou sans limitation durée, un ou plusieurs administrateurs”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “En tout temps par assemblée délibérant dans formes modifications statuts”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Administrateurs en fonction désignés liquidateurs en vertu statuts si aucun autre désigné;sans préjudice faculté assemblée désigner un ou…”
Articles of association, deed of 25-04-2024 (in French)
Owners and capital
Capital transactions
- LORTHIOIS Frédéric all shares
- BROSTEAUX Rudy to LORTHIOIS Frédéric 186 shares
- PUGLIESE Audrey Françoise Ghislaine to LORTHIOIS Frédéric 186 shares
- 25-04-2024 Converted to unavailable equity
Shares according to the articles of association
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Nominatives, registre actions nominatives”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Organe administration, opposants rachètent au prix notification initiale”
- Share issue ruleThe articles set how and by whom new shares are issued.
- One provision in the deed
Other provisionsThese rules from the articles cover subjects other than the board, the shares, the purpose and the meetings.
Articles of association, deed of 25-04-2024 (in French)
Group and network
Connections & network
1 current directorThe network starts from the directors of FORMAREA. Every other company they run is a node.
History
Acts, filings and financial milestones
25-04
Gazette deed
Resignation: BROSTEAUX Rudy (manager)Appointment: LORTHIOIS Frédéric (sole director) · Capital · Share transfer19 points ▸
- Capital
- Other provision, “TITRE V. ASSEMBLEE GENERALE, titre statutaire” (deed in French)
- General meeting, 19-04-2024
- Other provision, “immatriculation TVA, BE0836.713.783” (deed in French)
- Share transfer, BROSTEAUX Rudy → LORTHIOIS Frédéric
- Share transfer, PUGLIESE Audrey Françoise Ghislaine → LORTHIOIS Frédéric
- LORTHIOIS Frédéric holds all the shares
- Name change, FORMAREA
- Registered-office move, 6760 ETHE(Virton),rue Docteur Albert Hustin,n°73
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression du compte de capitaux propres statutairement indisponible”, 20140.0 (deed in French)
- The act holds 7 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202515 activities
- La formation en secourisme et incendie au sens large,de même toute formation en soins de première urgence et,en général,toutes les activités liées directement ou non à la formation en secourisme et soins de première urgence et ce tant dans le secteur médical que dans le secteur incendie
- L’achat,la vente,l’importation et l’exportation de matériel médical au sens large
- L’activité d’élevage de chiens et autres animaux de compagnie au sens large
- L’activité d’élevage de chiens destinés à la recherche au sang pour le gibier blessé
- Toute activité en rapport avec la formation et les cours relatifs à l’activité d’élevage de chiens destinés à la recherche de gibier blessé
- L’apiculture ainsi que toutes les activités dérivées liées à la production de miel,de cire d’abeilles et de cire d’autres insectes
- Toute activité en rapport avec la formation et les cours relatifs à l’activité d’apiculture au sens large
- L’activité de maraîchage au sens large,ainsi que la culture,l’achat et la vente de tous types de légumes,fruits et autres dérivés
- Toute activité en rapport avec la fabrication de meubles et de mobilier divers en matériaux divers et bois
- L’entreprise et la gestion d’un atelier de menuiserie,charpenterie et ébénisterie au sens large,ainsi que l’industrie transformatrice du bois et,notamment,la fabrication de meubles,de menuiserie en bois et de cloisons diverses
- L’entreprise et la gestion d’un atelier de ferronnerie au sens large
- La production photographique et les activités de photographe au sens large,comprenant notamment la prise de photos et de vues en studio et à l’extérieur(tous types de reportages)ainsi que leur vente,outre le développement de films,photos,dias et l’impression sur tous supports
- L’activité d’animation pour enfants au sens large et la création d’ateliers de gestion des émotions chez l’enfant en milieu scolaire ou associatif
- L'importation et l'exportation de tous produits se rapportant de manière directe ou indirecte à l'objet de la société
- Le commerce de détail,l’achat,la vente,l’import et l’export de mobilier et objets au sens large se rapportant de manière directe ou indirecte à l’objet de la société
Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 85010B0219/00K000 | Wallonia | 187 m² | 1 · 76 m² | 14.6 m · 3 |