Equity
€46,447 ▼ 25.7%
GEFORMEX paid out €23,700 in dividends. That is 312% of the 2025 profit.
GEFORMEX
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €41,677 (2014)
€24,278▲ 45.4%
lowest -€4,910 (2018)
€7,594▼ 18.8%
peak €62,553 (2024)
€46,447▼ 25.7%
€67,709▲ 22.9%
Board2 names since 2003
2 directorsHOOGSTOEL Max Alain Marcel and 1 other
Documentsfilings and deeds
02-06-202659 days before the deadline
2025micro format
Gross margin from €16,697 to €24,278Dividend €23,700Equity from €62,553 to €46,447Debts from €55,080 to €67,709Cash from €3,468 to €2,163
Key points
from the 2025 annual accountsChecked score
88
Excellent
Financially stronger than 36% of micro companies in creative and performing arts (NACE 90)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 3,433 companies (NACE 90, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.94, cash €2,163
lowers risk
Sector: Arts creation and performing arts activities (NACE 90)
Size: total assets €114,156
Founded in 2003
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 90, micro). It does better than 45% of them on solvency, 21% on liquidity, 58% on profitability and 21% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as GEFORMEX has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GEFORMEX itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 31,368 companies, not a prediction for GEFORMEX. 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.
Credit verdict
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.94 (3.68 in 2024), above the usual 1.5. Short-term debt is 35.7% and cash 1.9% of total assets. However, 59.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 days early
2024
58 days early
2023
48 days early
2022
32 days early
2021
25 days early
2020
14 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 25 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HOOGSTOEL Max Alain Marcel 200 sharesdeed of 28-05-2021
- HOOGSTOEL Yann 100 sharesdeed of 28-05-2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0861572608
Change of role: HOOGSTOEL Max Alain Marcel, from manager to director
Appointment: HOOGSTOEL Yann (director) · “Le soutien, les conseils et/ou les mises en œuvres de compétences en matière d’organisation de spectacles…” (deed in French) · HOOGSTOEL Max Alain Marcel holds 200 shares · General meeting of 26-05-2021 · Gazette deed
Capital decrease of €25,200 to €19,500
Capital from €44,700 to €19,500, 252 shares cancelled · General meeting of 29-12-2017 · Gazette deed
New establishment in Ittre
Rue du Vieux-Pavé-d'Asquempont 33
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GEFORMEX Mons | €114,156 | €24,278 | 40.7% | - |
| ITMC Heusden-Zolder | €101,086 | €21,261 | 65.4% | - |
| IMAGINIST Leuven | €123,017 | €27,963 | 8.0% | - |
| APR WORKS Bilzen-Hoeselt | €103,092 | €22,637 | 87.3% | - |
| BETTER LATE U TRY PRODUCTIONS Lier | €113,882 | €19,235 | -33.7% | - |
| KUNST is een GUNST Kruisem | €126,832 | €32,336 | 80.3% | - |
| BIBO Zoersel | €108,897 | €18,330 | 40.8% | - |
These companies have the same main activity as GEFORMEX: performing arts by independent artists (NACE 90201). They are comparable in size and age: total assets between €101,000 and €127,000, founded between 2000 and 2005.
Official details
Source: KBO- Status
- Active since 10-11-2003Normal situation
- Activity
- Performing arts by independent artistsNACE 90201and 5 others
- Establishment units
- 2.133.995.5457024 Mons, since 10-11-2003
- 2.215.707.8501460 Ittre, since 01-01-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 11-11-2025
Annual accounts 2025
- €114,156▼ 3.0%
- Filing
- Filed on 02-06-2026, 59 days before the end of the filing period
Insights on GEFORMEX
GEFORMEX files the micro format. That format states no turnover. The gross margin rose from €6,152 in 2006 to €24,278 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GEFORMEX
- What is the company number of GEFORMEX?
- The company number of GEFORMEX is 0861.572.608. The VAT number is the same number with BE in front: BE 0861.572.608.
- Where is GEFORMEX based?
- The registered office is at Rue des Robiniers 66, 7024 Mons.Company details
- What does GEFORMEX do?
- According to the KBO register, the main activity is performing arts by independent artists (NACE 90201).
- What is the legal form of GEFORMEX?
- GEFORMEX is a private limited company (BV).
- When was GEFORMEX founded?
- GEFORMEX was founded on 10-11-2003.
- Is GEFORMEX still active?
- Yes, GEFORMEX is an active enterprise in the KBO register.
- What is the turnover of GEFORMEX?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €24,278 and 30 comparable companies (NACE 902). It probably lies between €69,000 and €210,000. It is a rough estimate.Financials
- Is GEFORMEX profitable?
- In financial year 2025, GEFORMEX made a profit of €7,594.
- Where can I find the annual accounts of GEFORMEX?
- GEFORMEX filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GEFORMEX due?
- GEFORMEX must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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