FoRMaT-V
ActiveSummary
FoRMaT-V has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,274 and a net result of €48,677. Equity has been growing by about 40% per year since 2022. Its solvency ranks better than 62% of 10,818 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-02-2022 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 3 others
- Establishment unit
- 2.327.728.992 2812 Mechelen, since 10-02-2022
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €63,752
- ▼ 41.7%
- Turnover
- ≈ €120,000
- estimated
- Profit
- €48,677
- ▼ 42.7%
- Equity
- €121,274
- ▼ 41.2%
- Total assets
- €184,706
- ▼ 12.6%
Score breakdownlowers riskLiquidity: current ratio 2.87, cash €136,070Sector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €184,706Equity €121,274 (65.7% of total assets)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 59% of micro companies in head offices and management consultancy (NACE 70)
Financial strength · tick: 2024
Strong
Solvency
91-9
equity 65.7% of total assets
Liquidity
85-15
short-term debt 34.3% · cash 73.7%
Profitability
100=
return on assets 26.4%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025highest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.87 (39.76 in 2024), above the usual 1.5. Short-term debt is 34.3% and cash 73.7% of total assets. 34.3% of the assets are financed with debt and provisions.
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 70, micro). It does better than 61% of them on solvency, 77% on liquidity, 84% on profitability and 15% on growth.
The bankruptcy probability was computed on 02-11-2026 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 days early
2024
127 days early
2023
86 days early
2022
38 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 71 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 May (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 4 filings
Turnover
≈ €120,000
Estimated: probably between €91,000 and €200,000
Total assets
€184,706▼ 12.6%
2024 · €211,405
Net result
€48,677▼ 42.7%
2024 · €84,913
Working capital
€118,822▼ 41.3%
2024 · €202,281
Multi-year overview
2022 to 2025, 4 financial yearsOperating result
€60,732
▼ 43.1%
2025
20222025
Net result
€48,677
▼ 42.7%
2025
middle half of the sector
20222025
Equity
€121,274
▼ 41.2%
2025
middle half of the sector
20222025
Total assets
€184,706
▼ 12.6%
2025
lowest quarter of the sector
20222025
Debt
€63,432
▲ 12×
2025
20222025
Working capital
€118,822
▼ 41.3%
2025
middle half of the sector
20222025
Solvency
65.7%
▼ 31.9pp
2025
middle half of the sector
20222025
Current ratio
2.87
▼ 36.88
2025
middle half of the sector
20222025
Return on assets (ROA)
26.4%
▼ 13.8pp
2025
highest quarter of the sector
20222025
Staff (FTE)
0
2025
middle half of the sector
20222025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2022202320242025
Operating result€63,390-€100,532▲ 58.6%€106,705▲ 6.1%€60,732▼ 43.1%
Net result€46,024within the sector's middle half-€72,750above the sector's middle half▲ 58.1%€84,913above the sector's middle half▲ 16.7%€48,677within the sector's middle half▼ 42.7%
Equity€48,524within the sector's middle half-€121,274within the sector's middle half▲ 150%€206,186within the sector's middle half▲ 70.0%€121,274within the sector's middle half▼ 41.2%
Total assets€59,804below the sector's middle half-€132,380within the sector's middle half▲ 121%€211,405within the sector's middle half▲ 59.7%€184,706below the sector's middle half▼ 12.6%
Debt€11,280-€11,106▼ 1.5%€5,219▼ 53.0%€63,432▲ 12×
Working capital€41,544within the sector's middle half-€115,831within the sector's middle half▲ 179%€202,281above the sector's middle half▲ 74.6%€118,822within the sector's middle half▼ 41.3%
Solvency81.1%above the sector's middle half-91.6%above the sector's middle half▲ 10.5pp97.5%above the sector's middle half▲ 5.9pp65.7%within the sector's middle half▼ 31.9pp
Current ratio4.68above the sector's middle half-11.43above the sector's middle half▲ 6.7539.76above the sector's middle half▲ 28.332.87within the sector's middle half▼ 36.88
Return on assets (ROA)77.0%above the sector's middle half-55.0%above the sector's middle half▼ 22.0pp40.2%above the sector's middle half▼ 14.8pp26.4%above the sector's middle half▼ 13.8pp
Staff (FTE)0within the sector's middle half
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 operating result for 2025 is 43% lower than in 2024 and the lowest since 2022.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184,706
Fixed assets
€2,452 ▼ 37.2%
Current assets
€182,255 ▼ 12.2%
Equity and liabilities €184,706
Equity
€121,274 ▼ 41.2%
Debt
€63,432 ▲ 12×
Debt's share of the balance-sheet total rises from 2.5% to 34.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€62,186▼
2024 · €108,242
Cash flow
€50,131▼
2024 · €86,450
Debt to equity
0.52▲
2024 · 0.03
ROE
40.1%▼
2024 · 41.2%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€63,432▲
2024 · €5,219
Income taxes
€13,089▼
2024 · €22,995
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €7,164 | - | €0 | - |
| Depreciation and write-downs of the year | €184 | €1,537 | €1,537 | €1,454 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €184 | €1,537 | €1,537 | €1,454 | ▼ 5.4% |
| Other operating charges640/8 | €468 | €1,212 | €1,140 | €1,566 | ▲ 37.4% |
| Gross operating margin9900 | €64,043 | €103,281 | €109,382 | €63,752 | ▼ 41.7% |
| Operating profit (loss)9901 | €63,390 | €100,532 | €106,705 | €60,732 | ▼ 43.1% |
| Financial income75/76B | €320 | €731 | €1,343 | €1,229 | ▼ 8.5% |
| Recurring financial income75 | €320 | €731 | €1,343 | €1,229 | ▼ 8.5% |
| Financial charges65/66B | €9 | €57 | €140 | €194 | ▲ 38.4% |
| Recurring financial charges65 | €9 | €57 | €140 | €194 | ▲ 38.4% |
| Profit (loss) for the period before taxes9903 | €63,701 | €101,206 | €107,908 | €61,766 | ▼ 42.8% |
| Income taxes67/77 | €17,676 | €28,456 | €22,995 | €13,089 | ▼ 43.1% |
| Profit (loss) for the period9904 | €46,024 | €72,750 | €84,913 | €48,677 | ▼ 42.7% |
| Profit (loss) for the period to be appropriated9905 | €46,024 | €72,750 | €84,913 | €48,677 | ▼ 42.7% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €59,804 | €132,380 | €211,405 | €184,706 | ▼ 12.6% |
| Fixed assets21/28 | €6,980 | €5,443 | €3,906 | €2,452 | ▼ 37.2% |
| Tangible fixed assets22/27 | €6,980 | €5,443 | €3,906 | €2,452 | ▼ 37.2% |
| Plant, machinery and equipment23 | €699 | €438 | €178 | €0 | ▼ 100% |
| Furniture and vehicles24 | €6,281 | €5,004 | €3,728 | €2,452 | ▼ 34.2% |
| Current assets29/58 | €52,824 | €126,937 | €207,500 | €182,255 | ▼ 12.2% |
| Amounts receivable after more than one year29 | - | €25,527 | €48,312 | €26,987 | ▼ 44.1% |
| Other amounts receivable291 | - | €25,527 | €48,312 | €26,987 | ▼ 44.1% |
| Amounts receivable within one year40/41 | €26,295 | €20,690 | €27,576 | €18,534 | ▼ 32.8% |
| Trade receivables40 | €16,209 | €18,416 | €19,027 | €11,404 | ▼ 40.1% |
| Other amounts receivable41 | €10,086 | €2,274 | €8,549 | €7,129 | ▼ 16.6% |
| Cash at bank and in hand54/58 | €26,037 | €80,228 | €131,395 | €136,070 | ▲ 3.6% |
| Deferred charges and accrued income490/1 | €492 | €492 | €217 | €664 | ▲ 207% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €59,804 | €132,380 | €211,405 | €184,706 | ▼ 12.6% |
| Equity10/15 | €48,524 | €121,274 | €206,186 | €121,274 | ▼ 41.2% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | €46,024 | €118,774 | €203,686 | €118,774 | ▼ 41.7% |
| Distributable reserves133 | €46,024 | €118,774 | €203,686 | €118,774 | ▼ 41.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €11,280 | €11,106 | €5,219 | €63,432 | ▲ 12× |
| Amounts payable within one year42/48 | €11,280 | €11,106 | €5,219 | €63,432 | ▲ 12× |
| Trade debts44 | €567 | €1,465 | €0 | €959 | - |
| Suppliers440/4 | €567 | €1,465 | €0 | €959 | - |
| Taxes, remuneration and social security45 | €10,713 | €9,641 | €5,219 | €7,206 | ▲ 38.1% |
| Taxes450/3 | €10,713 | €9,641 | €5,219 | €7,206 | ▲ 38.1% |
| Other amounts payable47/48 | - | - | - | €55,268 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,024 | €72,750 | €84,913 | €48,677 | ▼ 42.7% |
| + Depreciation and write-downs630 | €184 | €1,537 | €1,537 | €1,454 | ▼ 5.4% |
| Operating cash flow (approximation) | €46,208 | €74,287 | €86,450 | €50,131 | ▼ 42.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | €54,191 | €51,167 | €4,675 | ▼ 90.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as FoRMaT-V has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.8%
was still going
2.3%
stopped otherwise
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FoRMaT-V itself is lower: < 0.1% within 12 months. It rests on far more data about FoRMaT-V than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for FoRMaT-V. 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.
Board & ownership
Directors
Directors
1 director, no change since 2022
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 11 - Bevoegdheden van het bestuursorgaan - Externe vertegenwoordiging Bevoegdheden De bestuurders kunnen alle handelingen verrichten…”
deed of 14-02-2022Owners and capital
Owners
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene vergadering bepaalt aantal,duur en bij meerdere bevoegdheid”
Articles of association, deed of 14-02-2022 (in Dutch)
Network & group
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Prinses Harte
via Lieven van den Bosch · Director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
30-06
abbreviated format · 31 days before the deadline
2025
26-03
micro format · 127 days before the deadline
2024
31-12
Financial
Highest result from 2022 to 2025net €84,913 ▲16.7%
The operating result of €106,705 and the net result of €84,913 are both a record.
31-12
Financial
Liquidity more than triplescurrent ratio 39.76
The current ratio rises from 11.43 to 39.76. Short-term debt falls from €11,106 to €5,219.
31-12
Financial
Equity above €200,000equity €206,186 ▲70%
With a profit in every financial year since 2022, equity grows to €206,186.
06-05
micro format · 86 days before the deadline
2023
31-12
Financial
Liquidity more than doubledcurrent ratio 11.43
The current ratio rises from 4.68 to 11.43. Short-term debt falls from €11,280 to €11,106.
31-12
Financial
Equity above €100,000equity €121,274 ▲150%
With a profit in every financial year since 2022, equity grows to €121,274.
23-06
micro format · 38 days before the deadline
2022
14-02
Gazette deed
IncorporationAppointment: van den Bosch Lieven (director) · Founder · Founding capital10 points ▸
Gazette deed
Incorporation
Appointment: van den Bosch Lieven (director) · Founder · Founding capital10 points ▸
- Incorporation, “FoRMaT-V” (deed in Dutch)
- Founder, van den Bosch Lieven
- Founding capital, €2,500
- Bank account, “bijzondere rekening, BE50 3632 1923 7218” (deed in Dutch)
- Declaration, “bevestiging deponering overeenkomstig Wetboek van Vennootschappen en Verenigingen”, 2500 (deed in Dutch)
- Capital
- van den Bosch Lieven holds 100 shares
- Registered office clause, “2812 Mechelen (Muizen), Alfred Nobelstraat 23” (deed in Dutch)
- Director appointment, van den Bosch Lieven (director)
- Other provision, “beroepsverbod” (deed in Dutch)
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
FoRMaT-V in Dutch
Enterprise number
0781.829.007
Legal form
Private limited company
Status
Active, normale toestand
Founded
10-02-2022
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 14-02-2022 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest”
deed of 14-02-2022 (in Dutch)Registered office and establishments
Registered office
Alfred Nobelstraat(MZN) 23, 2812 Mechelen, Belgium
Establishment unit
FoRMaT-V, Alfred Nobelstraat(MZN) 23, 2812 Mechelen since 10-02-2022 · unit number 2.327.728.992
Activities
NACEBEL 202570200
Business and other management consultancy main activity
78100
Employment placement agencies
85599
Other education
96999
Other personal services
Codes under NACEBEL 2008
70220
Business consulting main activity
78100
Employment placement agencies
85599
Other education
96099
Personal service activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 14-02-2022 (in Dutch)
“Het verstrekken van advies en het verlenen van diensten en praktische hulp aan bedrijven,privépersonen en instellingen in binnen- en…”
8 activities
- Het verstrekken van advies en het verlenen van diensten en praktische hulp aan bedrijven,privépersonen en instellingen in binnen- en buitenland in verband met hoofdzakelijk (maar niet uitsluitend) personeelszaken en -beleid,bedrijfsvoering,management,marketing,communicatie,verkoop,...
- Het doen van arbeidsbemiddeling tussen kandidaten en bedrijven (formuleren taakomschrijvingen,zoeken,selecteren,plaatsen en referenties nemen van kandidaten,headhunting).
- Opleiding,seminaries,workshops,presentaties,trainingen enzovoort verstrekken aan personen,bedrijven en organisaties.
- Mensen coachen in omgang met specifieke levens- en werkvragen (o.a. (personal) coaching (thuis of op locatie),mentorship,loopbaancoaching).
- Verkoop van cursussen en materiaal die verband houden met gegeven opleidingen.
- Optreden als tijdelijk management lid en commercieel tussenpersoon bij het uitoefenen van managementactiviteiten.
- Verzorgen van arbitrage tussen bedrijfsleiding en werknemers.
- Het verkrijgen door aankoop of anderszins,het verhuren en in huur nemen,de leasing van alle onroerende goederen,in het algemeen alle onroerende verrichtingen.
Invoicing and payment
VAT number
BE 0781.829.007
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 18:00
deed of 14-02-2022 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
212 m²
Building footprint
78 m²
Building volume
535 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12409D0037/00S012 | Flanders | 212 m² | 1 · 78 m² | 11.5 m · 3 |