FORMATHE
ActiveSummary
FORMATHE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €51k and a net result of €722. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 35% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+20
Solvency52▼-12
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.31 in 2023; short-term debt: 68.3% and cash: 2.2% of total assets), and 73.1% of the assets are financed with debt.
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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 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← 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
26.9%
Return on assets
0.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
20 d late
2022
48 d early
2021
47 d early
2020
26 d early
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is this a good employer? Staff, turnover and training against the sector.Employer check
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€722
2023 · €-1k
Working capital
€42k▲ 71.4%
2023 · €25k
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
Line20202021202220232024
Operating result€37k▲ 1,068%€9k▼ 75.2%€1k▼ 83.9%€-685€1k
Net result€35k▲ 2,409%€9k▼ 74.1%€469▼ 94.8%€-1k€722
Equity€42k▲ 494%€51k▲ 21.6%€52k▲ 0.9%€50k▼ 2.3%€51k▲ 1.4%
Total assets€142k▲ 25.6%€93k▼ 34.5%€107k▲ 15.2%€130k▲ 21.6%€190k▲ 46.3%
Debt€99k▼ 5.8%€42k▼ 58.2%€55k▲ 32.6%€79k▲ 43.9%€139k▲ 74.8%
Working capital€50k€28k▼ 44.4%€29k▲ 3.4%€25k▼ 14.8%€42k▲ 71.4%
Staff (FTE)10.411.6▲ 11.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1k after a loss of €685 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €190k
Fixed assets
€18k ▼ 30.3%
Current assets
€172k ▲ 65.3%
Equity and liabilities €190k
Equity
€51k ▲ 1.4%
Debt
€139k ▲ 74.8%
Debt's share of the balance-sheet total rises from 61.2% to 73.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.32▲
2023 · 1.31
Debt to equity
2.71▲
2023 · 1.58
ROE
1.4%▲
2023 · -2.4%
ROA
0.4%▲
2023 · -0.9%
Debt ≤ 1 year
€130k▲
2023 · €79k
Staff costs
€530k▲
2023 · €490k
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €347k | €416k | €490k | €530k | ▲ 8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €473 | €473 | €0 | - | - |
| Gross operating margin9900 | €376k | €357k | €418k | €489k | €532k | ▲ 8.7% |
| Operating profit (loss)9901 | €37k | €9k | €1k | €-685 | €1k | ▲ 281% |
| Financial charges65/66B | - | €179 | €1k | €504 | €517 | ▲ 2.6% |
| Recurring financial charges65 | €2k | €179 | €1k | €504 | €517 | ▲ 2.6% |
| Profit (loss) for the period before taxes9903 | €35k | €9k | €469 | €-1k | €722 | ▲ 161% |
| Profit (loss) for the period9904 | €35k | €9k | €469 | €-1k | €722 | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | €35k | €9k | €469 | €-1k | €722 | ▲ 161% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142k | €93k | €107k | €130k | €190k | ▲ 46.3% |
| Fixed assets21/28 | €16k | €23k | €23k | €26k | €18k | ▼ 30.3% |
| Tangible fixed assets22/27 | €945 | €473 | €0 | €0 | - | - |
| Land and buildings22 | - | €0 | €0 | €0 | - | - |
| Plant, machinery and equipment23 | - | €473 | €0 | €0 | - | - |
| Financial fixed assets28 | €15k | €23k | €23k | €26k | €18k | ▼ 30.3% |
| Current assets29/58 | €125k | €69k | €84k | €104k | €172k | ▲ 65.3% |
| Amounts receivable within one year40/41 | €61k | €68k | €67k | €97k | €168k | ▲ 72.6% |
| Other amounts receivable41 | - | €68k | €67k | €97k | €168k | ▲ 72.6% |
| Cash at bank and in hand54/58 | €64k | €2k | €17k | €3k | €4k | ▲ 39.8% |
| Deferred charges and accrued income490/1 | - | - | - | €4k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142k | €93k | €107k | €130k | €190k | ▲ 46.3% |
| Equity10/15 | €42k | €51k | €52k | €50k | €51k | ▲ 1.4% |
| Profit (loss) carried forward14 | €42k | €51k | €52k | €50k | €51k | ▲ 1.4% |
| Amounts payable17/49 | €99k | €42k | €55k | €79k | €139k | ▲ 74.8% |
| Amounts payable within one year42/48 | €75k | €42k | €55k | €79k | €130k | ▲ 63.4% |
| Financial debts43 | - | €0 | - | €15k | €50k | ▲ 233% |
| Credit institutions430/8 | - | - | - | €15k | €50k | ▲ 233% |
| Trade debts44 | €8k | €323 | €336 | - | €8k | - |
| Suppliers440/4 | - | €323 | €336 | - | €8k | - |
| Taxes, remuneration and social security45 | - | €41k | €55k | €64k | €71k | ▲ 10.8% |
| Remuneration and social security454/9 | - | €41k | €55k | €64k | €71k | ▲ 10.8% |
| Accrued charges and deferred income492/3 | - | - | - | - | €9k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35k | €9k | €469 | €-1k | €722 | ▲ 161% |
| + Depreciation and write-downs630 | €4k | €473 | €473 | €0 | - | - |
| Operating cash flow (approximation) | €39k | €10k | €942 | €-1k | €722 | ▲ 161% |
| Investment in fixed assets (approximation) | - | €-7k | €0 | €-3k | €8k | ▲ 355% |
| Change in cash | - | €-62k | €15k | €-14k | €1k | ▲ 109% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €722
Net result €722 after one loss-making year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €35k ▲2,409%
Operating result €37k, net result €35k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Seraing · 2 establishment units since 2008
Ground area
5,388 m²
Building footprint
703 m²
Volume, LiDAR
1,344 m³
2 parcels, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
FORMATION AUTONOMIE DES PERSONNES DU TROISIEME AGE ET DES PERSONNES HANDICAPEES
since 20082.178.499.640
FORMATHE
since 20082.241.121.850
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62002B0212/00L002 | Wallonia | 4,560 m² | 1 · 584 m² | - |
| 62352E0073/00H005 | Wallonia | 827 m² | 1 · 119 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,019 companies in sector 85592 we hold annual accounts for 988. 701 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded05-11-2001
Fiscal year end31-12
Abbreviation FR
FORM.A.T.HE.
Activities, NACEBEL 2025
85592Vocational training
Contact
E-mail
direction@formathe.net
E-mail
secretariat@formathe.net
Website
www.formathe.netSeraing
Phone
04/344.43.74Seraing
Scores and ratios are computed by Checked and are not a credit decision.