FORMATIO
ActiveSummary
FORMATIO has been active since 1932 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €903,250 and a net result of €147,101. Equity is shrinking by about 5.8% per year across the filed financial years. Its solvency ranks better than 71% of 1,080 sector peers (NACE 81, financial year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De vennootschap haar doel is aan haar aandeelhouders een rechtstreeks of onrechtstreeks vermogensvoordeel uit te keren of te bezorgen” (deed in Dutch)
Text of the purpose (deed in Dutch)
“De vennootschap haar doel is aan haar aandeelhouders een rechtstreeks of onrechtstreeks vermogensvoordeel uit te keren of te bezorgen.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad van bestuur, 3” (deed in Dutch)“Geheel bestuursbevoegdheden, op elk ogenblik ontslaan” (deed in Dutch)“Gewone algemene vergadering in boekjaar waarin mandaat volgens benoemingsbesluit verstrijkt, 6 jaar” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of March at 10:00