FORMULATE
ActiveSummary
FORMULATE has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €125,188 and a net result of €42,108. Equity has been growing by about 87% per year since 2023. Its solvency ranks better than 83% of 4,342 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-04-2023 Normal situation
- Activity
- Graphic design and visual communication NACE 74120
- Establishment unit
- 2.344.913.533 9000 Ghent, since 27-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Board and ownership
- HANSSON Paul Daniel HenrikDirector
- HANSSON Paul Daniel Henrikfounderdeed of 02-05-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €52,066
- ▼ 12.1%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €42,108
- ▼ 10.9%
- Equity
- €125,188
- ▲ 50.7%
- Total assets
- €151,508
- ▲ 37.0%
Score breakdownraises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 5.76, cash €123,746Sector: Other professional, scientific and technical activities (NACE 74)Equity €125,188 (82.6% of total assets)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 74, micro). It does better than 88% of them on solvency, 89% on liquidity, 88% on profitability and 80% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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 3 accounts on average 38 days before the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 12% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | - | - | €216 | - |
| Gross operating margin9900 | €42,268 | €59,223 | €52,066 | ▼ 12.1% |
| Operating profit (loss)9901 | €42,268 | €59,223 | €51,850 | ▼ 12.5% |
| Financial income75/76B | €17 | €75 | €1,284 | ▲ 17× |
| Recurring financial income75 | €17 | €75 | €1,284 | ▲ 17× |
| Financial charges65/66B | €15 | €192 | €374 | ▲ 95.2% |
| Recurring financial charges65 | €15 | €192 | €374 | ▲ 95.2% |
| Profit (loss) for the period before taxes9903 | €42,271 | €59,107 | €52,759 | ▼ 10.7% |
| Income taxes67/77 | €8,466 | €11,833 | €10,651 | ▼ 10.0% |
| Profit (loss) for the period9904 | €33,806 | €47,274 | €42,108 | ▼ 10.9% |
| Profit (loss) for the period to be appropriated9905 | €33,806 | €47,274 | €42,108 | ▼ 10.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €54,657 | €110,594 | €151,508 | ▲ 37.0% |
| Current assets29/58 | €54,657 | €110,594 | €151,508 | ▲ 37.0% |
| Amounts receivable within one year40/41 | €19,646 | €7,435 | €27,762 | ▲ 273% |
| Trade receivables40 | €18,995 | €6,761 | €18,852 | ▲ 179% |
| Other amounts receivable41 | €650 | €674 | €8,910 | ▲ 13× |
| Cash at bank and in hand54/58 | €35,011 | €103,159 | €123,746 | ▲ 20.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €54,657 | €110,594 | €151,508 | ▲ 37.0% |
| Equity10/15 | €35,806 | €83,079 | €125,188 | ▲ 50.7% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Contributions outside capital11 | €2,000 | €2,000 | - | - |
| Other1109/19 | €2,000 | €2,000 | - | - |
| Reserves13 | €33,806 | €81,079 | €123,188 | ▲ 51.9% |
| Distributable reserves133 | €33,806 | €81,079 | €123,188 | ▲ 51.9% |
| Amounts payable17/49 | €18,851 | €27,515 | €26,321 | ▼ 4.3% |
| Amounts payable within one year42/48 | €18,851 | €27,515 | €26,321 | ▼ 4.3% |
| Trade debts44 | €1,937 | €294 | - | - |
| Suppliers440/4 | €1,937 | €294 | - | - |
| Taxes, remuneration and social security45 | €13,866 | €22,999 | €26,321 | ▲ 14.4% |
| Taxes450/3 | €13,866 | €22,999 | €26,321 | ▲ 14.4% |
| Other amounts payable47/48 | €3,049 | €4,222 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,806 | €47,274 | €42,108 | ▼ 10.9% |
| Operating cash flow (approximation) | €33,806 | €47,274 | €42,108 | ▼ 10.9% |
| Change in cash | - | €68,148 | €20,587 | ▼ 69.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as FORMULATE has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of FORMULATE itself is lower: 0.1% within 12 months. It rests on far more data about FORMULATE than the profile alone.
Test of the method
The method was tested on the 497,446 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 39,278 companies, not a prediction for FORMULATE. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- HANSSON Paul Daniel Henrik sole founder · 100% at incorporation
Capital transactions
- 02-05-2023 Incorporation · €2,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 02-05-2023 (in Dutch)
Network & group
FORMULATE shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of FORMULATE. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
23-02
Gazette deed
Registered office moved within GhentNew registered office: Stropstraat 83, 9000 Gent · Previous registered office: Hofbouwlaan 22, 9000 Gent2 points ▸
- Registered-office move, Stropstraat 83, 9000 Gent
- General meeting, 2025-09
02-05
Gazette deed
IncorporationFounding capital of €2,000, 100 shares · Founder: HANSSON Paul Daniel Henrik · Appointment: HANSSON Paul Daniel Henrik (director)5 points ▸
- Founder, HANSSON Paul Daniel Henrik
- Founding capital, €2,000, 100 shares
- Registered office clause, Hofbouwlaan 22, 9000 Gent
- Board rule, 1
- Director appointment, HANSSON Paul Daniel Henrik (director (not named in the articles))
- The deed holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
FORMULATE was incorporated on 27 April 2023 as a private limited company by one natural person, with a starting capital of €2,000.12 The registered office was moved to Ghent in 2026.3 HANSSON Paul Daniel Henrik is director of the company, appointed by deed of 02-05-2023.2 Total assets rose from €54,657 in 2023 to €151,508 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
13 activities
- Grafische vormgeving in de meest ruime betekenis, hierin begrepen het verlenen van digitale werkzaamheden (sociale media, website design)
- Algemene vormgeving en content creatie
- Werkzaamheden van fotografie
- Werkzaamheden inzake copywriting
- Adviesverlening op het gebied van public-relations en communicatie
- Het verlenen van creatieve en strategische consultancy-, coaching- en managementdiensten
- Het verlenen en implementeren van adviezen aangaande styling, decoratie, design, interieur
- Het organiseren en coördineren van evenementen in alle sectoren
- Zowel in België als in het buitenland, het aan en verkopen van onroerende goederen
- Het beheren en oordeelkundig uitbreiden in de ruimste zin van het woord van een patrimonium, grotendeels bestaande uit onroerende goederen
- Het aankopen en verkopen, opschikken, uitrusten, valoriseren, bouwen, laten bouwen en verbouwen, zakelijke rechten verlenen, afsluiten, overdragen of verwerven, in leasing geven of nemen, in huur nemen of verhuren van onroerende goederen, bebouwd of onbebouwd, gemeubeld of ongemeubeld
- Optreden als verkoopspromotor in onroerende goederen
- Haar onroerende goederen in hypotheek stellen en al haar andere goederen, met inbegrip van het handelsfonds, in pand stellen en aval verlenen voor alle leningen, kredietopeningen en andere verbintenissen zowel voor haarzelf als voor derden op voorwaarde dat zij er zelf belang bij heeft
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44808H0279/00L000 | Flanders | 252 m² | 1 · 79 m² | 11.5 m · 2 |