FORMING
ActiveSummary
FORMING has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-7k) and a net result of €-8k. Equity is shrinking by ~23.8% per year across the filed fiscal years. Its solvency ranks better than 11% of 2053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0▼-26
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.72 against 1.01 in 2024; short-term debt: 137.3% and cash: 14.1% of total assets), and equity is negative.
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Signals
Six 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 →
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 2025Solvency, return and age of the figures
Solvency
-37.3%
Return on assets
-39.5%
Age of the figures
15 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-7k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
6 d late
2023
29 d late
2022
28 d late
2021
28 d late
2020
59 d late
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
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 Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€-7k
2024 · €421
Total assets
€19k▼ 34.8%
2024 · €30k
Net result
€-8k▲ 12.8%
2024 · €-9k
Working capital
€-7k
2024 · €260
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
Line20212022202320242025
Operating result€-4k▼ 31.5%€18k€-10k€-8k▲ 18.6%€-7k▲ 15.6%
Net result€-3k▼ 301%€14k€-11k€-9k▲ 16.8%€-8k▲ 12.8%
Equity€6k▼ 36.3%€20k▲ 240%€9k▼ 53.4%€421▼ 95.4%€-7k
Total assets€6k▼ 48.8%€46k▲ 694%€57k▲ 23.5%€30k▼ 47.8%€19k▼ 34.8%
Debt€26k€48k▲ 81.0%€29k▼ 38.6%€27k▼ 9.2%
Working capital€18k€8k▼ 54.8%€260▼ 96.9%€-7k
Staff (FTE)11=0.5▼ 50.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €8k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19k
Fixed assets
€161 =
Current assets
€19k ▼ 35.0%
Key figures and ratios
Solvency
-37.3%▼
2024 · 1.4%
Current ratio
0.72▼
2024 · 1.01
Debt to equity
-3.68
ROA
-39.5%▼
2024 · -29.5%
Debt ≤ 1 year
€27k▼
2024 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €30k | €52k | €22k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €165 | €419 | €686 | - | - |
| Other operating charges640/8 | - | €348 | €348 | €385 | €643 | ▲ 67.1% |
| Gross operating margin9900 | €-3k | €48k | €42k | €14k | €-6k | ▼ 144% |
| Operating profit (loss)9901 | €-4k | €18k | €-10k | €-8k | €-7k | ▲ 15.6% |
| Financial income75/76B | - | €244 | €209 | €5 | €81 | ▲ 1,637% |
| Recurring financial income75 | €558 | €244 | €209 | €5 | €81 | ▲ 1,637% |
| Financial charges65/66B | - | €478 | €429 | €374 | €639 | ▲ 70.6% |
| Recurring financial charges65 | €21 | €478 | €429 | €374 | €639 | ▲ 70.6% |
| Profit (loss) for the period before taxes9903 | €-3k | €18k | €-11k | €-9k | €-8k | ▲ 12.8% |
| Income taxes67/77 | - | €4k | - | - | - | - |
| Profit (loss) for the period9904 | €-3k | €14k | €-11k | €-9k | €-8k | ▲ 12.8% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €14k | €-11k | €-9k | €-8k | ▲ 12.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6k | €46k | €57k | €30k | €19k | ▼ 34.8% |
| Fixed assets21/28 | - | €1k | €846 | €161 | €161 | = |
| Tangible fixed assets22/27 | - | €1k | €686 | - | - | - |
| Furniture and vehicles24 | - | €1k | €686 | - | - | - |
| Financial fixed assets28 | - | €161 | €161 | €161 | €161 | = |
| Current assets29/58 | €6k | €45k | €56k | €29k | €19k | ▼ 35.0% |
| Amounts receivable within one year40/41 | €6k | €4k | €52k | €28k | €16k | ▼ 41.3% |
| Trade receivables40 | - | - | €48k | €27k | €16k | ▼ 39.7% |
| Other amounts receivable41 | - | €4k | €4k | €1k | €328 | ▼ 74.4% |
| Cash at bank and in hand54/58 | €46 | €41k | €4k | €1k | €3k | ▲ 88.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6k | €46k | €57k | €30k | €19k | ▼ 34.8% |
| Equity10/15 | €6k | €20k | €9k | €421 | €-7k | ▼ 1,812% |
| Contributions10/11 | - | €250 | €250 | €250 | €250 | = |
| Reserves13 | €25 | €25 | €25 | €25 | €25 | = |
| Non-distributable reserves130/1 | - | €25 | €25 | €25 | €25 | = |
| Reserves not available under the articles1311 | - | €25 | €25 | €25 | €25 | = |
| Profit (loss) carried forward14 | €6k | €19k | €9k | €146 | €-7k | ▼ 5,220% |
| Amounts payable17/49 | - | €26k | €48k | €29k | €27k | ▼ 9.2% |
| Amounts payable within one year42/48 | - | €26k | €48k | €29k | €27k | ▼ 9.2% |
| Trade debts44 | - | €17k | €13k | €26k | €4k | ▼ 86.6% |
| Suppliers440/4 | - | €17k | €13k | €26k | €4k | ▼ 86.6% |
| Taxes, remuneration and social security45 | - | €8k | €16k | €882 | - | - |
| Taxes450/3 | - | €4k | €5k | €532 | - | - |
| Remuneration and social security454/9 | - | €4k | €11k | €350 | - | - |
| Other amounts payable47/48 | - | €799 | €19k | €2k | €23k | ▲ 1,084% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €14k | €-11k | €-9k | €-8k | ▲ 12.8% |
| + Depreciation and write-downs630 | - | €165 | €419 | €686 | - | - |
| Operating cash flow (approximation) | €-3k | €14k | €-10k | €-8k | €-8k | ▲ 5.4% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | €41k | €-37k | €-2k | €1k | ▲ 154% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 6 days late
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-06
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
30-06
Financial
Liquidity triplescurrent ratio 4.30
Current ratio from 1.65 to 4.30; short-term debt falls from €13k to €2k.
29-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mons · 1 establishment unit since 2014
Ground area
4.7 ha
Building footprint
850 m²
Volume, LiDAR
8,820 m³
Parcel 53402A0203/00G003, Wallonia · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Forming
since 20142.238.218.085
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53402A0203/00G003 | Wallonia | 4.7 ha | 1 · 850 m² | 12.8 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 3,019 companies in sector 85592 we hold annual accounts for 988. 56 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
Founded18-12-2014
Fiscal year end30-06
Activities, NACEBEL 2025
85592Vocational training
82300Organisation of conventions and trade shows
85510Sports and recreation education
85599Other education
85699Other educational support services
86931Psychology services
Scores and ratios are computed by Checked and are not a credit decision.