FORMIMAL
ActiveSummary
FORMIMAL has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency39▲+32
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 12738 sector peers (2025).
NBB · sector comparisonPosition among 12738 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
11 d late
2024
6 d early
2023
1 d early
2022
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€5k
2024 · €-5k
2022: €8khighest in 4 years
2023: €3k▼ -62.1% vs 2022
2024: €-5k▼ -264% vs 2023lowest in 4 years
2025: €5k▲ +205% vs 2024
2022 → 2025
Total assets
€36k▲ 36.8%
2024 · €27k
2022: €39khighest in 4 years
2023: €29k▼ -25.8% vs 2022
2024: €27k▼ -7.4% vs 2023lowest in 4 years
2025: €36k▲ +36.8% vs 2024
2022 → 2025
Net result
€10k
2024 · €-8k
2022: €3k
2023: €-5k▼ -269% vs 2022
2024: €-8k▼ -61.0% vs 2023lowest in 4 years
2025: €10k▲ +227% vs 2024highest in 4 years
2022 → 2025
Working capital
€5k
2024 · €-7k
2022: €3k
2023: €-2k▼ -170% vs 2022
2024: €-7k▼ -223% vs 2023lowest in 4 years
2025: €5k▲ +164% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€8k-€3k▼ 62.1%€-5k€5k
2022: €8khighest in 4 years
2023: €3k▼ -62.1% vs 2022
2024: €-5k▼ -264% vs 2023lowest in 4 years
2025: €5k▲ +205% vs 2024
Operating result€5k-€-4k€-7k▼ 56.7%€14k
2022: €5k
2023: €-4k▼ -193% vs 2022
2024: €-7k▼ -56.7% vs 2023lowest in 4 years
2025: €14k▲ +292% vs 2024highest in 4 years
Net result€3k-€-5k€-8k▼ 61.0%€10k
2022: €3k
2023: €-5k▼ -269% vs 2022
2024: €-8k▼ -61.0% vs 2023lowest in 4 years
2025: €10k▲ +227% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €7k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36k
Fixed assets
€448 ▼ 84.2%
Current assets
€36k ▲ 51.2%
Equity and liabilities €36k
Equity
€5k
Debt
€31k
Debt finances 85.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€16k▲
2024 · €-1k
Cash flow
€12k▲
2024 · €-2k
Current ratio
1.15▲
2024 · 0.76
Debt to equity
6.06▲
2024 · -6.43
ROE
195.1%
ROA
27.6%▲
2024 · -29.6%
Interest coverage
92.10▲
2024 · -2.07
Debt ≤ 1 year
€31k▲
2024 · €31k
Income taxes
€3k▲
2024 · €138
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€27k€36k▲
Fixed assets21/28€3k€448▼
Tangible fixed assets22/27€3k€448▼
Furniture and vehicles24€3k€448▼
Current assets29/58€24k€36k▲
Amounts receivable within one year40/41€11k€16k▲
Trade receivables40€11k€16k▲
Other amounts receivable41€17-
Cash at bank and in hand54/58€11k€19k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€27k€36k▲
Equity10/15€-5k€5k▲
Contributions10/11€5k€5k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-12k€-2k▲
Amounts payable17/49€32k€31k▼
Amounts payable within one year42/48€31k€31k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€5k-
Suppliers440/4€5k-
Taxes, remuneration and social security45€24k€31k▲
Taxes450/3€8k€15k▲
Remuneration and social security454/9€16k€16k▼
Other amounts payable47/48€127€317▲
Accrued charges and deferred income492/3€408-
Income statement
Code20242025
Remuneration, social security and pensions62€14k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€83-
Other operating charges640/8€1k€1k▲
Gross operating margin9900€13k€17k▲
Operating profit (loss)9901€-7k€14k▲
Financial income75/76B€3€1▼
Recurring financial income75€3€1▼
Financial charges65/66B€715€173▼
Recurring financial charges65€715€173▼
Profit (loss) for the period before taxes9903€-8k€13k▲
Income taxes67/77€138€3k▲
Profit (loss) for the period9904€-8k€10k▲
Profit (loss) for the period to be appropriated9905€-8k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-2k▲
Profit (loss) brought forward from the previous period14P€-4k€-12k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €28k | €31k | €14k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €5k | €6k | €2k | ▼ 57.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €83 | - | - |
| Other operating charges640/8 | €3k | €788 | €1k | €1k | ▲ 3.5% |
| Gross operating margin9900 | €39k | €33k | €13k | €17k | ▲ 28.5% |
| Operating profit (loss)9901 | €5k | €-4k | €-7k | €14k | ▲ 292% |
| Financial income75/76B | €24 | €29 | €3 | €1 | ▼ 70.8% |
| Recurring financial income75 | €24 | €29 | €3 | €1 | ▼ 70.8% |
| Financial charges65/66B | €390 | €302 | €715 | €173 | ▼ 75.8% |
| Recurring financial charges65 | €390 | €302 | €715 | €173 | ▼ 75.8% |
| Profit (loss) for the period before taxes9903 | €4k | €-5k | €-8k | €13k | ▲ 272% |
| Income taxes67/77 | €2k | €134 | €138 | €3k | ▲ 2,290% |
| Profit (loss) for the period9904 | €3k | €-5k | €-8k | €10k | ▲ 227% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-5k | €-8k | €10k | ▲ 227% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €39k | €29k | €27k | €36k | ▲ 36.8% |
| Fixed assets21/28 | €12k | €7k | €3k | €448 | ▼ 84.2% |
| Tangible fixed assets22/27 | €12k | €7k | €3k | €448 | ▼ 84.2% |
| Furniture and vehicles24 | €12k | €7k | €3k | €448 | ▼ 84.2% |
| Current assets29/58 | €26k | €22k | €24k | €36k | ▲ 51.2% |
| Amounts receivable within one year40/41 | €24k | €13k | €11k | €16k | ▲ 47.6% |
| Trade receivables40 | €23k | €13k | €11k | €16k | ▲ 47.9% |
| Other amounts receivable41 | €742 | €204 | €17 | - | - |
| Cash at bank and in hand54/58 | €1k | €7k | €11k | €19k | ▲ 66.3% |
| Deferred charges and accrued income490/1 | €2k | €1k | €2k | €1k | ▼ 22.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €39k | €29k | €27k | €36k | ▲ 36.8% |
| Equity10/15 | €8k | €3k | €-5k | €5k | ▲ 205% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Reserves13 | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €897 | €-4k | €-12k | €-2k | ▲ 84.5% |
| Amounts payable17/49 | €31k | €26k | €32k | €31k | ▼ 0.8% |
| Amounts payable after more than one year17 | €8k | €2k | - | - | - |
| Financial debts170/4 | €8k | €2k | - | - | - |
| Amounts payable within one year42/48 | €23k | €24k | €31k | €31k | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €2k | - | - |
| Trade debts44 | €2k | €6k | €5k | - | - |
| Suppliers440/4 | €2k | €6k | €5k | - | - |
| Taxes, remuneration and social security45 | €16k | €12k | €24k | €31k | ▲ 29.8% |
| Taxes450/3 | €12k | €7k | €8k | €15k | ▲ 97.1% |
| Remuneration and social security454/9 | €4k | €5k | €16k | €16k | ▼ 3.1% |
| Other amounts payable47/48 | - | - | €127 | €317 | ▲ 149% |
| Accrued charges and deferred income492/3 | - | - | €408 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-5k | €-8k | €10k | ▲ 227% |
| + Depreciation and write-downs630 | €3k | €5k | €6k | €2k | ▼ 57.2% |
| Operating cash flow (approximation) | €6k | €343 | €-2k | €12k | ▲ 635% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | ▲ 100% |
| Change in cash | - | €6k | €4k | €7k | ▲ 68.6% |
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
Next filing, fiscal year 2026, expected by
2026
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Wavre · 1 establishment unit since 2021
Ground area
6,107 m²
Building footprint
259 m²
Volume, LiDAR
2,014 m³
Parcel 25055D0239/00H000, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
FORMIMAL
since 20212.325.685.361
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055D0239/00H000 | Wallonia | 6,107 m² | 1 · 259 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,069 companies in sector 69101 we hold annual accounts for 9,052. 3,162 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.