FORMULATE
ActiveFORMULATE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125k and a net result of €42k. Equity is growing by ~53.8% per year across the filed fiscal years. Its solvency ranks better than 83% of 3448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
85
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Stability94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 5.76 against 4.02 in 2024), and 17.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.6%
Return on assets
27.8%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
8 d early
2024
42 d early
2023
64 d early
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€125k▲ 50.7%
2024 · €83k
2023: €36k
2024: €83k
2023 → 2025
Total assets
€152k▲ 37.0%
2024 · €111k
2023: €55k
2024: €111k
2023 → 2025
Net result
€42k▼ 10.9%
2024 · €47k
2023: €34k
2024: €47k
2023 → 2025
Working capital
€125k▲ 50.7%
2024 · €83k
2023: €36k
2024: €83k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€36k-€83k▲ 132%€125k▲ 50.7%
Operating result€42k-€59k▲ 40.1%€52k▼ 12.5%
Net result€34k-€47k▲ 39.8%€42k▼ 10.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €152k
Equity
€125k▲ 50.7%
Debt
€26k▼ 4.3%
The debt ratio falls from 24.9% to 17.4%: equity grows while debt is paid down.
Key figures and ratios
Solvency
82.6%▲
2024 · 75.1%
Current ratio
5.76▲
2024 · 4.02
Quick ratio
5.76▲
2024 · 4.02
Debt / equity
0.21▼
2024 · 0.33
ROE
33.6%▼
2024 · 56.9%
ROA
27.8%▼
2024 · 42.7%
Debt
€26k▼
2024 · €28k
Debt ≤ 1 year
€26k▼
2024 · €28k
Income taxes
€11k▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€111k€152k▲
Current assets29/58€111k€152k▲
Amounts receivable within one year40/41€7k€28k▲
Trade receivables40€7k€19k▲
Other amounts receivable41€674€9k▲
Cash at bank and in hand54/58€103k€124k▲
Equity and liabilities
Total equity and liabilities10/49€111k€152k▲
Equity10/15€83k€125k▲
Contributions10/11€2k€2k=
Outside capital11€2k-
Other1109/19€2k-
Reserves13€81k€123k▲
Distributable reserves133€81k€123k▲
Amounts payable17/49€28k€26k▼
Amounts payable within one year42/48€28k€26k▼
Trade debts44€294-
Suppliers440/4€294-
Taxes, remuneration and social security45€23k€26k▲
Taxes450/3€23k€26k▲
Other amounts payable47/48€4k-
Income statement
Code20242025
Other operating charges640/8-€216
Gross operating margin9900€59k€52k▼
Operating profit (loss)9901€59k€52k▼
Financial income75/76B€75€1k▲
Recurring financial income75€75€1k▲
Financial charges65/66B€192€374▲
Recurring financial charges65€192€374▲
Profit (loss) for the period before taxes9903€59k€53k▼
Income taxes67/77€12k€11k▼
Profit (loss) for the period9904€47k€42k▼
Profit (loss) for the period to be appropriated9905€47k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€47k€42k▼
Transfer to equity691/2€47k€42k▼
To other reserves6921€47k€42k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €125k ▲50.7%
3 profitable years in a row build equity to €125k.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2023net €47k ▲39.8%
Operating result €59k, net result €47k, both a record.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stropstraat 839000 GentGround area
252 m²
Building footprint
80 m²
Volume, LiDAR
487 m³
Parcel 44808H0279/00L000, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FORMULATE
since 20232.344.913.533
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0279/00L000 | Flanders | 252 m² | 1 · 79 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 6,289 companies in sector 74120 we hold annual accounts for 1,001. 775 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-2023
Fiscal year end31-12
Activities, NACEBEL
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.