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Formio

Active
Private limited companyfounded 2024active for 2 yearsVaarnewijkstraat 12, 8530 Harelbeke, BelgiumKBO/BCE: BE 1005.518.826
Summary

Formio has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €895,700. Its solvency ranks better than 47% of 3,800 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Business and other management consultancy
NACE 70200
1 site
Size
€10,000turnover 2025
Equity
€2.3m
Profit
€895,700
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Holdings
1
Accounts 31 days early1 of 2 deeds read
Why 85raises riskLiquidity: current ratio 1.34, cash €28,8601 change of registered office in 24 monthslowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: turnover €10,000, total assets €4.6mShow the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 62% of its sector peers (NACE 70, small)
Financial strength
Strong
Solvency 74
equity 49.2% of total assets
Liquidity 51
short-term debt 8.6% · cash 0.6%
Profitability 86
return on assets 19.5%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (4,513 companies, NACE 70, small)
Last 24 months 02-2025: 0.4% 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.5%▲ +0.1 percentage points vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025highest value 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.1%▼ -0.4 percentage points vs 12-2025lowest value 02-2026: 0.3%▲ +0.2 percentage points vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.4%▲ +0.1 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.34, below the usual 1.5; short-term debt: 8.6% and cash: 0.6% of total assets), and 50.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small): better than 47% on solvency, 52% on liquidity and 86% on profitability.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
raises risk · Liquidity: current ratio 1.34, cash €28,860
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: turnover €10,000, total assets €4.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
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 31-12-2025, 31 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
31 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Registered officeRegistered-office move · Power of…
  2. Annual accounts filedfinancial year 2025 · full…

Key points

  • Positive: Among the best 17% on net resultsector median €55,142 · 3,799 companies €895,700 View
  • Heads a groupcompanies controlled 3 View
  • Turnover 2025first financial year filed €10,000 View

By topic

Financials

Financial year
2025
Turnover
€10,000
Profit
€895,700
Solvency
49.2%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
01-02-2024
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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