GEFORMEX
ActiveSummary
GEFORMEX has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46k and a net result of €8k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-2
Solvency66▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 3.68 in 2024; short-term debt: 35.7% and cash: 1.9% of total assets), but 59.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
40.7%
Return on assets
6.7%
Age of the figures
9 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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
58 d early
2023
48 d early
2022
32 d early
2021
25 d early
2020
14 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▼ 25.7%
2024 · €63k
Total assets
€114k▼ 3.0%
2024 · €118k
Net result
€8k▼ 18.8%
2024 · €9k
Working capital
€38k▼ 27.7%
2024 · €53k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15k▲ 235%€11k▼ 28.7%€26k▲ 137%€14k▼ 47.7%€13k▼ 7.3%
Net result€13k▲ 234%€7k▼ 45.4%€19k▲ 169%€9k▼ 51.1%€8k▼ 18.8%
Equity€41k▲ 45.7%€49k▲ 17.1%€58k▲ 19.9%€63k▲ 7.5%€46k▼ 25.7%
Total assets€50k▲ 48.5%€65k▲ 28.8%€85k▲ 31.2%€118k▲ 38.8%€114k▼ 3.0%
Debt€9k▲ 63.4%€16k▲ 83.9%€27k▲ 65.2%€55k▲ 107%€68k▲ 22.9%
Working capital€37k▲ 74.5%€48k▲ 29.9%€58k▲ 20.8%€53k▼ 9.0%€38k▼ 27.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€35k ▼ 21.5%
Current assets
€79k ▲ 8.8%
Equity and liabilities €114k
Equity
€46k ▼ 25.7%
Debt
€68k ▲ 22.9%
Debt's share of the balance-sheet total rises from 46.8% to 59.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€22k▲
2024 · €16k
Cash flow
€17k▲
2024 · €11k
Current ratio
1.94▼
2024 · 3.68
Debt to equity
1.46▲
2024 · 0.88
ROE
16.3%▲
2024 · 14.9%
ROA
6.7%▼
2024 · 7.9%
Interest coverage
12.74▼
2024 · 24.32
Debt ≤ 1 year
€41k▲
2024 · €20k
Debt > 1 year
€27k▼
2024 · €35k
Income taxes
€3k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €225 | €2k | €10k | ▲ 389% |
| Other operating charges640/8 | €797 | €712 | €772 | €1k | €2k | ▲ 66.2% |
| Gross operating margin9900 | €20k | €16k | €27k | €17k | €24k | ▲ 45.4% |
| Operating profit (loss)9901 | €15k | €11k | €26k | €14k | €13k | ▼ 7.3% |
| Financial income75/76B | €0 | €0 | €130 | €338 | €236 | ▼ 30.2% |
| Recurring financial income75 | €0 | €0 | €130 | €338 | €236 | ▼ 30.2% |
| Financial charges65/66B | €305 | €352 | €399 | €642 | €2k | ▲ 175% |
| Recurring financial charges65 | €305 | €352 | €399 | €642 | €2k | ▲ 175% |
| Profit (loss) for the period before taxes9903 | €15k | €11k | €26k | €13k | €11k | ▼ 16.7% |
| Income taxes67/77 | €2k | €4k | €7k | €4k | €3k | ▼ 11.8% |
| Profit (loss) for the period9904 | €13k | €7k | €19k | €9k | €8k | ▼ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €13k | €7k | €19k | €9k | €8k | ▼ 18.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50k | €65k | €85k | €118k | €114k | ▼ 3.0% |
| Formation expenses20 | €992 | €767 | €542 | €317 | €92 | ▼ 70.9% |
| Fixed assets21/28 | €4k | €39 | €39 | €45k | €35k | ▼ 21.5% |
| Tangible fixed assets22/27 | €4k | - | - | €45k | €35k | ▼ 21.5% |
| Plant, machinery and equipment23 | - | - | - | €2k | €1k | ▼ 43.0% |
| Furniture and vehicles24 | €4k | - | - | - | - | - |
| Leasing and similar rights25 | - | - | - | €43k | €34k | ▼ 20.6% |
| Financial fixed assets28 | €39 | €39 | €39 | €39 | €39 | = |
| Current assets29/58 | €45k | €64k | €84k | €72k | €79k | ▲ 8.8% |
| Amounts receivable within one year40/41 | €7k | €21k | €10k | €14k | €12k | ▼ 14.3% |
| Trade receivables40 | €7k | €21k | €10k | €10k | €8k | ▼ 20.2% |
| Other amounts receivable41 | - | €67 | €15 | €4k | €4k | ▲ 0.4% |
| Current investments50/53 | €5k | €25k | €55k | €50k | €60k | ▲ 19.3% |
| Cash at bank and in hand54/58 | €31k | €15k | €16k | €3k | €2k | ▼ 37.6% |
| Deferred charges and accrued income490/1 | €3k | €3k | €3k | €4k | €4k | ▲ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50k | €65k | €85k | €118k | €114k | ▼ 3.0% |
| Equity10/15 | €41k | €49k | €58k | €63k | €46k | ▼ 25.7% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €22k | €29k | €39k | €43k | €27k | ▼ 37.6% |
| Distributable reserves133 | €22k | €29k | €39k | €43k | €27k | ▼ 37.6% |
| Profit (loss) carried forward14 | €286 | €384 | €56 | €53 | €97 | ▲ 82.4% |
| Amounts payable17/49 | €9k | €16k | €27k | €55k | €68k | ▲ 22.9% |
| Amounts payable after more than one year17 | - | - | - | €35k | €27k | ▼ 23.3% |
| Financial debts170/4 | - | - | - | €35k | €27k | ▼ 23.3% |
| Amounts payable within one year42/48 | €9k | €16k | €26k | €20k | €41k | ▲ 107% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8k | €8k | ▲ 4.3% |
| Trade debts44 | €1k | €2k | €2k | €1k | €1k | ▲ 15.7% |
| Suppliers440/4 | €1k | €2k | €2k | €1k | €1k | ▲ 15.7% |
| Taxes, remuneration and social security45 | €4k | €10k | €12k | €4k | €5k | ▲ 24.4% |
| Taxes450/3 | €4k | €10k | €12k | €4k | €5k | ▲ 24.4% |
| Other amounts payable47/48 | €4k | €4k | €12k | €7k | €26k | ▲ 283% |
| Accrued charges and deferred income492/3 | €179 | €220 | €286 | €201 | €5 | ▼ 97.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €7k | €19k | €9k | €8k | ▼ 18.8% |
| + Depreciation and write-downs630 | €4k | €4k | €225 | €2k | €10k | ▲ 389% |
| Operating cash flow (approximation) | €17k | €11k | €19k | €11k | €17k | ▲ 53.7% |
| Investment in fixed assets (approximation) | - | €-225 | €-225 | €-47k | €-225 | ▲ 99.5% |
| Change in cash | - | €-16k | €779 | €-13k | €-1k | ▲ 89.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €19k ▲169%
Operating result €26k, net result €19k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 14 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Mons · 2 establishment units since 2003
Ground area
2,387 m²
Building footprint
210 m²
Volume, LiDAR
1,278 m³
2 parcels, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
GEFORMEX
since 20032.133.995.545
GEFORMEX
since 20132.215.707.850
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53018A0189/00P002 | Wallonia | 1,545 m² | 1 · 101 m² | 8.4 m · 2 fl. |
| 25044D0035/00R000 | Wallonia | 842 m² | 1 · 109 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 8,315 companies in sector 90201 we hold annual accounts for 602. 485 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
90201Performing arts by independent artists
43212Electrical installation work in industrial facilities
70200Business and other management consultancy
90202Performing arts by artistic ensembles
90393Specialised image, lighting and sound technical services
90392Design and construction of stages and sets
Scores and ratios are computed by Checked and are not a credit decision.