FORMIL (0472.512.635): financials and annual accounts

FORMIL

Woluwe-Saint-Pierre ·KBO/BCE: BE 0472.512.635

Line	2025	2024	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	998,317	847,969	781,952	818,471	630,556	656,390	723,237	781,576	807,807	852,190	874,719	665,051	724,047	1.0m	727,707	744,072	614,607	609,264
Fixed assets`21/28`	853,783	790,694	602,061	576,844	555,863	584,335	619,511	653,327	781,322	812,544	845,427	637,578	686,423	514,701	580,804	484,745	381,184	380,841
Tangible fixed assets`22/27`	853,149	790,552	601,918	576,702	555,720	584,193	619,369	653,184	781,180	812,403	845,285	637,436	686,280	514,559	580,662	484,603	381,041	380,699
Land and buildings`22`	617,554	780,236	413,411	429,963	525,520	551,261	577,003	602,744	724,008	810,951	845,285	637,229	675,063	492,332	528,463	418,257	343,613	360,899
Plant, machinery and equipment`23`	235,520	7,882	178,995	143,264	30,200	32,931	42,003	49,714	56,083	-	-	-	-	-	18,951	22,237	26,124	11,272
Furniture and vehicles`24`	75	2,434	9,512	3,475	-	-	363	726	1,089	1,452	-	208	11,218	22,227	33,248	44,109	11,304	8,528
Financial fixed assets`28`	634	142	142	142	142	142	142	142	142	141	142	142	142	142	142	142	143	142
Current assets`29/58`	144,534	57,275	179,891	241,626	74,693	72,055	103,726	128,249	26,484	39,646	29,292	27,472	37,624	501,281	146,903	259,327	233,423	228,423
Amounts receivable within one year`40/41`	-	-	-	6,300	-	-	-	-	22,661	22,684	22,507	24,416	28,226	333,861	104,627	198,240	85,406	97,764
Trade receivables`40`	-	-	-	-	-	-	-	-	22,661	22,661	22,507	22,406	11,010	149,721	-	-	-	-
Other amounts receivable`41`	-	-	-	6,300	-	-	-	-	-	23	-	2,010	17,216	184,140	104,627	198,240	85,406	97,764
Current investments`50/53`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	-
Cash at bank and in hand`54/58`	144,534	56,518	179,891	235,326	74,693	72,055	103,726	128,249	3,801	16,962	6,786	1,829	8,080	167,420	42,276	60,832	121,234	130,659
Deferred charges and accrued income`490/1`	-	757	-	-	-	-	-	-	21	-	-	1,227	1,319	-	-	255	1,783	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	998,317	847,969	781,952	818,471	630,556	656,390	723,237	781,576	807,807	852,190	874,719	665,051	724,047	1.0m	727,707	744,072	614,607	609,264
Equity`10/15`	559,503	583,836	646,288	650,328	438,632	446,013	474,932	494,571	499,055	509,938	497,404	528,759	548,130	631,544	390,419	439,250	386,543	364,312
Contributions`10/11`	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403	12,403
Issued capital`100`	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Uncalled capital`101`	-	-	-	-	6,189	6,189	6,189	6,189	6,189	6,189	6,189	6,189	6,189	6,189	6,189	6,189	6,189	6,189
Reserves`13`	286,044	286,044	286,044	286,044	39,360	39,360	39,360	39,360	39,360	39,360	39,360	39,360	39,360	39,360	39,360	39,360	39,360	39,360
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-exempt reserves`132`	284,184	284,184	284,184	284,184	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500	37,500
Profit (loss) carried forward`14`	261,056	285,389	347,841	351,881	386,869	394,250	423,169	442,808	447,292	458,175	445,641	476,997	496,368	579,781	338,656	387,487	334,780	312,550
Amounts payable`17/49`	438,814	264,132	135,664	168,143	191,924	210,377	248,306	287,005	308,752	342,252	377,316	136,291	175,916	384,438	337,288	304,822	228,064	244,952
Amounts payable after more than one year`17`	-	-	28,358	45,417	82,811	107,158	152,258	190,352	226,785	265,376	300,755	84,936	116,280	174,250	228,950	152,556	137,514	167,231
Financial debts`170/4`	-	-	28,358	45,417	82,811	107,158	152,258	190,352	226,785	265,376	300,755	84,936	116,280	174,250	228,950	152,556	137,514	167,231
Amounts payable within one year`42/48`	438,814	264,132	107,305	122,726	109,113	103,220	96,048	96,652	81,966	76,876	75,261	51,355	59,636	210,188	108,339	152,266	90,550	77,720
Current portion of amounts payable after more than one year`42`	-	-	27,575	37,394	27,499	43,899	38,126	38,109	38,468	35,379	34,181	31,257	57,970	55,621	53,402	55,447	29,370	34,696
Trade debts`44`	17,771	16,090	5,528	4,830	1,113	8,773	7,375	7,996	2,951	950	1,372	2,339	1,666	27,335	4,193	6,743	8,302	4,076
Suppliers`440/4`	17,771	16,090	5,528	4,830	1,113	8,773	7,375	7,996	2,951	950	1,372	2,339	1,666	27,335	4,193	6,743	8,302	4,076
Taxes, remuneration and social security`45`	-	-	-	-	-	-	-	-	-	-	-	-	-	127,232	50,743	90,076	52,878	38,948
Taxes`450/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	127,232	48,375	83,763	49,230	38,948
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,369	6,313	3,648	-
Other amounts payable`47/48`	421,043	248,043	74,202	80,502	80,502	50,547	50,547	50,547	40,547	40,547	39,707	17,759	-	-	-	-	-	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	-	1,300	-	-	-	-	-	-	-
Income statement
Non-recurring operating income`76A`	-	-	-	246,684	-	-	-	-	-	422	19,292	-	-	300,000	1,473	-	-	-
Gross operating margin`9900`	139	25,462	26,270	265,075	37,481	20,378	31,776	46,941	44,280	70,028	40,351	45,516	37,549	138,340	229,916	162,713	204,302	170,226
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,369	18,118	16,738	17,429	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	19,810	19,979	25,199	30,665	36,168	38,886	39,934	37,773	40,109	40,654	81,729	50,309	76,188	43,219	67,669	48,602	32,387	35,458
Other operating charges`640/8`	5,261	5,121	3,052	19,824	4,964	4,892	4,830	5,573	5,384	6,234	5,099	5,626	5,243	4,769	4,705	4,187	6,169	2,940
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	458	-	-
Operating profit (loss)`9901`	-24,933	362	-1,981	214,586	-3,651	-23,400	-12,987	3,596	-1,213	23,140	-46,477	-10,419	-43,882	91,721	139,425	93,186	148,317	131,828
Financial income`75/76B`	795	226	8	6	44	63	73	1	39	85	1	122	922	1,362	784	3,405	1,371	36
Recurring financial income`75`	795	226	8	6	44	63	73	1	39	85	1	122	922	1,362	784	3,405	1,371	36
Financial charges`65/66B`	196	221	2,066	2,896	3,774	5,582	6,725	8,081	9,709	11,113	4,172	5,755	8,491	10,703	9,064	8,897	9,797	13,216
Recurring financial charges`65`	196	221	2,066	2,896	3,774	5,582	6,725	8,081	9,709	11,113	4,172	5,755	8,491	10,703	9,064	8,897	9,797	13,216
Profit (loss) for the period before taxes`9903`	-24,334	367	-4,040	211,696	-7,381	-28,919	-19,640	-4,484	-10,883	12,534	-31,356	-16,052	-51,451	382,380	132,617	87,236	139,891	118,648
Income taxes`67/77`	-	-	-	-	-	-	-	-	-	-	-	3,319	-3,037	141,255	81,448	34,529	47,073	36,405
Profit (loss) for the period`9904`	-24,334	367	-4,040	211,696	-7,381	-28,919	-19,640	-4,484	-10,883	12,534	-31,356	-19,371	-48,413	241,125	51,169	52,707	92,818	82,243
Transfer to tax-exempt reserves`689`	-	-	-	246,684	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-24,334	367	-4,040	-34,988	-7,381	-28,919	-19,640	-4,484	-10,883	12,534	-31,356	-19,371	-48,413	241,125	51,169	52,707	92,818	82,243
Appropriation of the result
Profit (loss) to be appropriated`9906`	261,056	285,389	347,841	351,881	386,869	394,250	423,169	442,808	447,292	458,175	445,641	476,997	531,368	579,781	438,656	387,487	405,368	312,550
Profit (loss) brought forward from the previous period`14P`	285,389	285,023	351,881	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	246,684	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	246,684	-	-	-	-	-	-	-	-	-	-	-	-	-	-
To other reserves`6921`	-	-	-	246,684	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	35,000	-	100,000	-	70,588	-
Return on contributions (dividend)`694`	-	-	-	-	-	-	-	-	-	-	-	-	35,000	-	100,000	-	70,588	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.5	0.5	0.5	-
Hours worked`1013`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	921	900	1,054	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	21-07-2026	2026-00318189	PDF
31-12-2024	micro format	26-08-2025	2025-00440274	PDF
31-12-2021	micro format	23-08-2022	2022-20307008	PDF
31-12-2020	micro format	30-08-2021	2021-59900052	PDF
31-12-2019	micro format	28-09-2020	2020-58700111	PDF
31-12-2018	micro format	13-08-2019	2019-46700149	PDF
31-12-2017	micro format	18-08-2018	2018-47500239	PDF
31-12-2016	micro format	14-08-2017	2017-44400475	PDF
31-12-2015	full format	30-08-2016	2016-57800477	PDF
31-12-2014	full format	25-09-2015	2015-60200392	PDF
31-12-2013	full format	19-09-2014	2014-59300455	PDF
31-12-2012	full format	30-08-2013	2013-56500272	PDF
31-12-2011	full format	21-09-2012	2012-57800226	PDF
31-12-2010	full format	05-08-2011	2011-38700503	PDF
31-12-2009	full format	27-08-2010	2010-48400312	PDF
31-12-2008	full format	16-10-2009	2009-81900148	PDF
31-12-2007	full format	22-08-2008	2008-61200069	PDF
31-12-2006	full format	28-09-2007	2007-75800263	PDF
31-12-2005	full format	29-08-2006	2006-68301847	PDF
31-12-2004	full format	30-09-2005	2005-81705270	PDF
31-12-2003	full format	21-12-2004	2004-85700278	PDF
31-12-2002	full format	21-12-2004	2004-85700277	PDF
31-12-2001	full format	21-12-2004	2004-85700276	PDF

Line	2025	2024	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-5,123	20,340	23,217	245,251	32,517	15,486	26,946	41,369	38,896	63,794	35,253	39,890	32,306	134,940	207,093	141,788	180,704	167,286
Cash flow	-4,523	20,345	21,159	242,361	28,787	9,967	20,294	33,289	29,226	53,188	50,374	30,938	27,775	284,344	118,838	101,309	125,205	117,701
Investment in fixed assets	82,899	-	50,415	250,462	7,696	3,710	6,118	5,300	8,886	7,833	289,971	1,464	247,909	10,988	163,728	154,652	32,730	20,303
Change in cash	88,016	-	-55,435	160,633	2,639	-31,671	-24,523	124,448	-13,161	10,176	4,956	-6,250	-159,341	125,144	-18,556	-60,402	-9,425	-
Working capital	-294,280	-206,857	72,586	118,900	-34,420	-31,165	7,678	31,597	-55,482	-37,230	-45,968	-23,883	-22,012	291,093	38,564	107,061	142,873	150,703
Solvency	56.0%	68.9%	82.7%	79.5%	69.6%	67.9%	65.7%	63.3%	61.8%	59.8%	56.9%	79.5%	75.7%	62.2%	53.7%	59.0%	62.9%	59.8%
Current ratio	0.33	0.22	1.68	1.97	0.68	0.70	1.08	1.33	0.32	0.52	0.39	0.53	0.63	2.38	1.36	1.70	2.58	2.94
Debt to equity	0.78	0.45	0.21	0.26	0.44	0.47	0.52	0.58	0.62	0.67	0.76	0.26	0.32	0.61	0.86	0.69	0.59	0.67
ROE	-4.3%	0.1%	-0.6%	32.6%	-1.7%	-6.5%	-4.1%	-0.9%	-2.2%	2.5%	-6.3%	-3.7%	-8.8%	38.2%	13.1%	12.0%	24.0%	22.6%
ROA	-2.4%	0.0%	-0.5%	25.9%	-1.2%	-4.4%	-2.7%	-0.6%	-1.3%	1.5%	-3.6%	-2.9%	-6.7%	23.7%	7.0%	7.1%	15.1%	13.5%
Interest coverage	-26.16	91.93	11.24	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2021
Tangible fixed assets	€82,408	-	€50,415
Financial fixed assets	€492	-	-
Depreciation and write-downs of the year	€19,810	€19,979	€25,199

FORMIL

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

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