FORMULAB
ActiveFrom the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
FORMULAB has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185,322 and a net result of €108,616. Equity has been growing by about 36% per year since 2019. Its solvency ranks better than 84% of 11,760 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 19-01-2012 Normal situation
- Registered office
- 20 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Other technical testing and analysis NACE 71209
- Establishment unit
- 2.206.376.846 2900 Schoten, since 19-01-2012
- Financial year end
- 30 June
- Peppol
- Reachable since 27-03-2026
Board and ownership
- CALLEBAUT Erik Anna-MarieDirector
- CALLEBAUT Frank Eduard ElzaDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €139,612
- ▲ 10.8%
- Turnover
- ≈ €280,000
- estimated
- Profit
- €108,616
- ▲ 16.9%
- Equity
- €185,322
- ▲ 11.2%
- Total assets
- €220,498
- ▼ 9.9%
Score breakdownlowers riskLiquidity: current ratio 6.27, cash €69,894Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Equity €185,322 (84.0% of total assets)Figures for financial year 2025 (filed on 29-01-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 71, micro). It does better than 87% of them on solvency, 76% on liquidity, 88% on profitability and 58% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 3 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-01-2026 PDF all 13 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 12% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as FORMULAB: other technical testing and analysis (NACE 71209). They are comparable in size and age: total assets between €196,000 and €281,000, founded between 2009 and 2014.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| FORMULAB Schoten | 2012 | €220,498 | €185,322 | €139,612 | €108,616 | - | 2025 |
| OPP Inspection Leuven | 2012 | €218,591 | €174,967 | €105,523 | €68,628 | - | 2025 |
| DE GRAVE ENGINEERING Brugge | 2009 | €195,741 | €14,858 | €151,148 | €103,710 | - | 2026 |
| FoodCheck Roeselare | 2010 | €244,678 | €132,603 | €174,365 | €46,630 | - | 2025 |
| AIS Sint-Katelijne-Waver | 2013 | €217,192 | €146,819 | €193,846 | €22,071 | - | 2025 |
| Lekdetectie Paul Verschueren Lier | 2013 | €280,808 | €49,844 | €167,700 | €186,823 | 2.6 | 2025 |
| deBresser Oud-Turnhout | 2014 | €209,372 | €101,492 | €114,323 | €68,340 | - | 2025 |
They were chosen from the 1,116 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 34,693 companies had the same profile as FORMULAB has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of FORMULAB itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for FORMULAB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,000 | - | €2,000 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | €835 | - | - |
| Other operating charges640/8 | - | - | - | €102 | €457 | €552 | €507 | ▼ 8.2% |
| Gross operating margin9900 | €33,386 | €151,744 | €100,214 | €27,659 | €100,466 | €125,976 | €139,612 | ▲ 10.8% |
| Operating profit (loss)9901 | €28,735 | €149,297 | €97,765 | €27,557 | €100,010 | €124,588 | €139,105 | ▲ 11.7% |
| Financial income75/76B | - | - | - | €217 | €88 | €1,208 | €439 | ▼ 63.7% |
| Recurring financial income75 | €2 | - | €102 | €217 | €88 | €1,208 | €439 | ▼ 63.7% |
| Financial charges65/66B | - | - | - | €52 | €136 | €40 | €67 | ▲ 69.7% |
| Recurring financial charges65 | €49 | €40 | €61 | €52 | €136 | €40 | €67 | ▲ 69.7% |
| Profit (loss) for the period before taxes9903 | €28,688 | €149,256 | €97,806 | €27,722 | €99,962 | €125,756 | €139,476 | ▲ 10.9% |
| Income taxes67/77 | €5,928 | €40,068 | €31,788 | €6,696 | €26,444 | €32,852 | €30,860 | ▼ 6.1% |
| Profit (loss) for the period9904 | €22,760 | €109,188 | €66,018 | €21,026 | €73,518 | €92,904 | €108,616 | ▲ 16.9% |
| Profit (loss) for the period to be appropriated9905 | €22,760 | €109,188 | €66,018 | €21,026 | €73,518 | €92,904 | €108,616 | ▲ 16.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €135,004 | €198,144 | €221,102 | €235,486 | €213,871 | €244,807 | €220,498 | ▼ 9.9% |
| Fixed assets21/28 | €4,000 | €2,000 | - | - | - | - | - | - |
| Intangible fixed assets21 | €4,000 | €2,000 | - | - | - | - | - | - |
| Current assets29/58 | €131,004 | €196,144 | €221,102 | €235,486 | €213,871 | €244,807 | €220,498 | ▼ 9.9% |
| Stocks and contracts in progress3 | €3,472 | €2,347 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €116,966 | €94,866 | €165,701 | €217,261 | €146,747 | €144,282 | €149,882 | ▲ 3.9% |
| Trade receivables40 | - | - | - | €192,145 | €146,747 | €142,887 | €148,401 | ▲ 3.9% |
| Other amounts receivable41 | - | - | - | €25,116 | - | €1,394 | €1,481 | ▲ 6.3% |
| Cash at bank and in hand54/58 | €10,566 | €98,931 | €54,127 | €17,544 | €66,406 | €99,785 | €69,894 | ▼ 30.0% |
| Deferred charges and accrued income490/1 | - | - | - | €680 | €718 | €740 | €722 | ▼ 2.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €135,004 | €198,144 | €221,102 | €235,486 | €213,871 | €244,807 | €220,498 | ▼ 9.9% |
| Equity10/15 | €35,051 | €39,239 | €39,257 | €60,283 | €73,802 | €166,706 | €185,322 | ▲ 11.2% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €28,851 | €33,039 | €33,057 | €54,083 | €67,602 | €160,506 | €179,122 | ▲ 11.6% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €52,223 | €65,742 | €160,506 | €179,122 | ▲ 11.6% |
| Amounts payable17/49 | €99,953 | €158,905 | €181,845 | €175,203 | €140,069 | €78,101 | €35,177 | ▼ 55.0% |
| Amounts payable within one year42/48 | €99,953 | €158,905 | €181,497 | €175,203 | €140,069 | €77,806 | €35,177 | ▼ 54.8% |
| Trade debts44 | €99,812 | €39,672 | €92,941 | €162,986 | €49,792 | €67,819 | €29,195 | ▼ 57.0% |
| Suppliers440/4 | - | - | - | €162,986 | €49,792 | €67,819 | €29,195 | ▼ 57.0% |
| Taxes, remuneration and social security45 | - | - | - | €12,217 | €48,813 | €9,201 | €5,195 | ▼ 43.5% |
| Taxes450/3 | - | - | - | €12,217 | €48,813 | €9,201 | €5,195 | ▼ 43.5% |
| Other amounts payable47/48 | - | - | - | - | €41,464 | €787 | €787 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €295 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,760 | €109,188 | €66,018 | €21,026 | €73,518 | €92,904 | €108,616 | ▲ 16.9% |
| + Depreciation and write-downs630 | €2,000 | - | €2,000 | - | - | - | - | - |
| Operating cash flow (approximation) | €24,760 | €109,188 | €68,018 | €21,026 | €73,518 | €92,904 | €108,616 | ▲ 16.9% |
| Investment in fixed assets (approximation) | - | €2,000 | - | - | - | - | - | - |
| Change in cash | - | €88,366 | -€44,804 | -€36,583 | €48,861 | €33,380 | -€29,891 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 27-01-2026 | 2026-00016636 | |
| 30-06-2024 | micro format | 28-01-2025 | 2025-00011957 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00018900 | |
| 30-06-2022 | micro format | 26-01-2023 | 2023-00020576 | |
| 30-06-2021 | micro format | 26-01-2022 | 2022-02400334 | |
| 30-06-2020 | micro format | 28-01-2021 | 2021-02700385 | |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03500325 | |
| 30-06-2018 | micro format | 30-01-2019 | 2019-03700112 | |
| 30-06-2017 | micro format | 30-01-2018 | 2018-03600394 | |
| 30-06-2016 | abbreviated format | 23-01-2017 | 2017-01900592 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 09-11-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CALLEBAUT Erik Anna-Marie |
|
| CALLEBAUT Frank Eduard Elza |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “1, aantal,duur opdracht en bij meerdere bestuurders bevoegdheid”
Articles of association, deed of 09-11-2023 (in Dutch)
Network & group
FORMULAB shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of FORMULAB. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
09-11
Gazette deed
Resignations: CALLEBAUT Erik Anna-Marie (manager) and CALLEBAUT Frank Eduard Elza (manager)Appointments: CALLEBAUT Erik Anna-Marie (director) and CALLEBAUT Frank Eduard Elza (director) · Legal form clause · Capital conversion14 points ▸
- General meeting, “eenparigheid van stemmen, buitengewone algemene vergadering” (deed in Dutch)
- Legal form clause, “besloten vennootschap(BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Capital
- Power of attorney, Emmanuel Van Roosbroeck
- Director resignation, CALLEBAUT Erik Anna-Marie (manager)
- Director appointment, CALLEBAUT Erik Anna-Marie (director (not named in the articles))
- Director resignation, CALLEBAUT Frank Eduard Elza (manager)
- Director appointment, CALLEBAUT Frank Eduard Elza (director (not named in the articles))
- Registered office clause, “2900 Schoten,Brechtsebaan 36 unit 7” (deed in Dutch)
- The act holds 2 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20257 activities
- Uitbatingsbureau voor nijverheidsstudiën,meer bepaald het ontwikkelen van en onderzoek naar onderhoudsproducten,cosmetica en chemische specialiteiten.
- Zowel in België als in het buitenland,onder eender welke vorm,participaties te verwerven en aan te houden in vennootschappen en ondernemingen;
- Het deelnemen in of de directie voeren over andere vennootschappen en ondernemingen;het management en het bestuur van om het even welke ondernemingen en vennootschappen;het optreden als vereffenaar;
- Het verlenen van technische,administratieve,financiële of commerciële bijstand aan alle Belgische en buitenlandse ondernemingen;
- Haar patrimonium,bestaande uit onroerende en roerende goederen,te behouden,in de ruimste zin van het woord te beheren,en oordeelkundig uit te breiden;
- De aankoop,verhuur,onderhoud en verkoop van alle onroerende en roerende goederen–desgevallend ten behoeve van eigen handelsverrichtingen of voor handelsverrichtingen van derden–zoals alle soorten materieel,gereedschappen,machines,installaties en computers,soft-en hardware;
- Het aanvragen,verwerven,verhandelen en exploiteren van licenties,octrooien en merken.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11040D0213/00E002 | Flanders | 85 m² | - | - |