FormaliS.com

Active

Private limited companyfounded 20206 yrs activeSprinkwaterstraat 1, 3520 Zonhoven, BelgiumKBO/BCE: BE 0742.838.470

Summary

FormaliS.com has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €191k and a net result of €77k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).

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Checked score

Score 2024

88 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability99▲+8

Solvency86▼-14

Growth52=

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €16k at 30 days acceptable

Liquidity ample (current ratio 3.08 against 7.97 in 2023; short-term debt: 32% and cash: 46.2% of total assets), and 39.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

31 d early

2023

34 d early

2022

34 d early

2021

32 d early

2020

36 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€191k▼ 10.9%

2023 · €215k

2020: €58k 2021: €176k 2022: €214k 2023: €215k

2020 → 2024

Total assets

€316k▲ 13.6%

2023 · €278k

2020: €126k 2021: €241k 2022: €327k 2023: €278k

2020 → 2024

Net result

€77k▲ 53.1%

2023 · €50k

2020: €78k 2021: €117k 2022: €89k 2023: €50k

2020 → 2024

Working capital

€210k▼ 11.3%

2023 · €237k

2020: €64k 2021: €144k 2022: €220k 2023: €237k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€58k-€176k▲ 201%€214k▲ 22.0%€215k=€191k▼ 10.9%

Operating result€107k-€161k▲ 51.2%€119k▼ 26.1%€66k▼ 44.8%€102k▲ 54.6%

Net result€78k-€117k▲ 49.6%€89k▼ 24.5%€50k▼ 43.5%€77k▲ 53.1%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2024; 2024 is 55% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €316k

98.5%

Fixed assets €5k ▼ 35.6%

Current assets €311k ▲ 14.9%

Equity and liabilities €316k

60.6%

39.4%

Equity €191k ▼ 10.9%

Debt €124k ▲ 96.8%

Debt's share of the balance-sheet total rises from 22.7% to 39.4%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€104k▲

2023 · €68k

Cash flow

€79k▲

2023 · €52k

Current ratio

3.08▼

2023 · 7.97

Quick ratio

2.18▼

2023 · 7.97

Debt to equity

0.65▲

2023 · 0.29

ROE

40.1%▲

2023 · 23.4%

ROA

24.3%▲

2023 · 18.0%

Interest coverage

539.86▲

2023 · 380.27

Debt ≤ 1 year

€101k▲

2023 · €34k

Income taxes

€25k▲

2023 · €16k

Staff costs

€34k▲

2023 · €29k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines

Balance sheet Code20232024

Assets

Total assets20/58€278k€316k▲

Fixed assets21/28€7k€5k▼

Tangible fixed assets22/27€7k€5k▼

Plant, machinery and equipment23€2k€2k▼

Furniture and vehicles24€5k€3k▼

Current assets29/58€271k€311k▲

Stocks and contracts in progress3-€90k

Contracts in progress37-€90k

Amounts receivable within one year40/41€116k€75k▼

Trade receivables40€108k€73k▼

Other amounts receivable41€9k€2k▼

Cash at bank and in hand54/58€154k€146k▼

Deferred charges and accrued income490/1€238€291▲

Equity and liabilities

Total equity and liabilities10/49€278k€316k▲

Equity10/15€215k€191k▼

Contributions10/11€10k€10k=

Reserves13€205k€181k▼

Distributable reserves133€205k€181k▼

Amounts payable17/49€63k€124k▲

Amounts payable within one year42/48€34k€101k▲

Trade debts44€4k€4k▲

Suppliers440/4€4k€4k▲

Taxes, remuneration and social security45€8k€13k▲

Taxes450/3€3k€8k▲

Remuneration and social security454/9€4k€5k▲

Other amounts payable47/48€23k€84k▲

Accrued charges and deferred income492/3€29k€23k▼

Income statement Code20232024

Remuneration, social security and pensions62€29k€34k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲

Other operating charges640/8€215€198▼

Gross operating margin9900€97k€138k▲

Operating profit (loss)9901€66k€102k▲

Financial income75/76B-€3

Recurring financial income75-€3

Financial charges65/66B€179€193▲

Recurring financial charges65€179€193▲

Profit (loss) for the period before taxes9903€66k€102k▲

Income taxes67/77€16k€25k▲

Profit (loss) for the period9904€50k€77k▲

Profit (loss) for the period to be appropriated9905€50k€77k▲

Appropriation of the result

Profit (loss) to be appropriated9906€50k€77k▲

Transfer from equity791/2€50k€50k=

Transfer to equity691/2€50k€27k▼

To other reserves6921€50k€27k▼

Profit to be distributed694/7€50k€100k▲

Return on contributions (dividend)694€50k€100k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 10Financial 5Filings 5

2025

30-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €50k ▼43.5%

Net result drops to €50k, the lowest in the series; recovery starts the following year.

31-12

Financial Liquidity doublescurrent ratio 7.97

Current ratio from 3.21 to 7.97; short-term debt falls from €99k to €34k.

27-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Equity above €200kEq €214k ▲22%

3 profitable years in a row build equity to €214k.

29-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2020net €117k ▲49.6%

Operating result €161k, net result €117k, both a record.

31-12

Financial Equity above €150kEq €176k ▲201%

2 profitable years in a row build equity to €176k.

25-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 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

3 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, Zonhoven · 1 establishment unit since 2020

seat establishment The establishment unit on the map

Ground area

839 m²

Building footprint

134 m²

Volume, LiDAR

775 m³

Parcel 71442C0580/00H002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

FormaliS.com

Sprinkwaterstraat 1, 3520 ZonhovenActivities of head offices; management consultancy activities

since 20202.299.334.124

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71442C0580/00H002	Flanders	838 m²	1 · 134 m²	8.1 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.

Public money · subsidies and aid

Flemish government

2023 to 2024 · 2 entries · 1,290 EUR awarded · 1,248 EUR paid

Year	Entries	awarded	paid
2024	1	1,137 EUR	1,095 EUR
2023	1	153 EUR	153 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 1,290 EUR · 1,248 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Antwerpen · Eq €191,264

B-DOCS

BE 0876.368.373

Brussel · Eq €191,279

MENS

BE 0474.008.019

Ieper · Eq €191,253

BROUWERS CONCEPT CONSULTING

BE 0879.480.786

Hasselt · Eq €191,296

Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,185 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-02-2020

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.