ACTIVE

Formaat

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Financial year 2025 · closed on 31/12/2025

Net result

-17,4 k €

-116.8% YoY

Revenue

68,2 k €

-20.9% YoY

Equity

1,2 M €

-5.3% YoY

Workforce

44,7 ETP

-2.6% YoY

What does Formaat do?

Formaat is a Non-profit organization incorporated in 1966. Its main activity is: Libraries, archives, museums and other cultural activities. Its registered office is in Antwerpen. It employs on average 44,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0410.935.352

Incorporation

20/10/1966

Legal form

Non-profit organization

Registered office

De Wittestraat 2
2600 Antwerpen · FlandreSee on map

Latest accounts

31/12/2025

Average workforce

44,7 ETP

Activities (NACE)

91330Libraries, archives, museums and other cultural activities· main 94991Activities of other membership organisations n.e.c.94991Activities of other membership organisations n.e.c.

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Revenue	68,2 k €	-20.9%	86,3 k €	-5.2%	91 k €	+6.1%	85,8 k €	-23.7%	112,5 k €	-14.0%	130,8 k €	-19.4%	162,2 k €	+50.1%	108,1 k €	+2.1%	105,8 k €	-9.4%	116,7 k €	+72.7%	67,6 k €	-35.4%	104,6 k €	-48.0%	201,3 k €	+64.4%	122,4 k €
EBITDA	25,3 k €	-84.1%	159,1 k €	-3.7%	165,2 k €	+507%	27,2 k €	+133%	-82,8 k €	-149%	168,5 k €	-60.7%	428,8 k €	+507%	70,7 k €	+54.2%	45,8 k €	-61.3%	118,5 k €	-63.2%	322,4 k €	+2594%	12 k €	+110%	-124,5 k €	-185%	147 k €
Operating result	-24,4 k €	-126%	95,7 k €	+38.7%	69 k €	+187%	-79 k €	+55.8%	-178,6 k €	-280%	98,9 k €	-73.1%	367,3 k €	+476912%	77 €	+100%	-36,8 k €	-262%	22,7 k €	-90.5%	239,7 k €	+793%	-34,6 k €	+78.9%	-163,7 k €	-257%	104,2 k €
Net result	-17,4 k €	-117%	103,6 k €	+48.8%	69,6 k €	+187%	-80,1 k €	+55.1%	-178,4 k €	-329%	77,8 k €	-78.3%	358,1 k €	+2379%	14,4 k €	+126%	-55,3 k €	-905%	6,9 k €	-96.8%	216,3 k €	+640%	-40 k €	+76.4%	-169,9 k €	-284%	92,2 k €
Balance sheet
Equity	1,2 M €	-5.3%	1,3 M €	+8.6%	1,2 M €	+4.7%	1,1 M €	-6.8%	1,2 M €	+0.7%	1,2 M €	+6.6%	1,1 M €	+48.4%	759 k €	+7.1%	708,7 k €	-7.2%	764,1 k €	+0.9%	757,2 k €	+40.0%	540,9 k €	-6.9%	580,9 k €	-22.6%	750,8 k €
Total assets	2 M €	+2.2%	2 M €	+3.1%	1,9 M €	-0.8%	2 M €	-8.7%	2,1 M €	+10.1%	1,9 M €	+5.4%	1,8 M €	+5.8%	1,7 M €	+2.2%	1,7 M €	+14.0%	1,5 M €	+7.5%	1,4 M €	+9.6%	1,3 M €	-1.1%	1,3 M €	-11.2%	1,4 M €
Cash	949,3 k €	+5.9%	896,2 k €	+7.5%	833,4 k €	+342%	188,5 k €	-71.0%	649,5 k €	+7.0%	607 k €	-12.2%	691,5 k €	+9.5%	631,4 k €	+10.4%	572 k €	+30.8%	437,2 k €	+8.8%	401,7 k €	-6.4%	429,4 k €	-1.1%	434,2 k €	-28.1%	604,2 k €
Debts	762,6 k €	+23.4%	618,1 k €	+5.2%	587,6 k €	-17.9%	715,4 k €	-4.7%	751 k €	+4.7%	717,3 k €	+3.3%	694,4 k €	-17.6%	842,6 k €	+7.8%	781,5 k €	+21.5%	643,4 k €	+5.7%	609 k €	-7.3%	657,2 k €	+5.2%	624,7 k €	+10.0%	567,9 k €
Other
Workforce	44,7 ETP	-2.6%	45,9 ETP	-1.9%	46,8 ETP	-18.2%	57,2 ETP	+0.5%	56,9 ETP	+9.0%	52,2 ETP	+10.4%	47,3 ETP	+6.5%	44,4 ETP	-4.9%	46,7 ETP	+5.2%	44,4 ETP	+17.5%	37,8 ETP	+7.1%	35,3 ETP	+30.3%	27,1 ETP	+1.9%	26,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 42 ended

Active mandates

David Theodora

Mandate

Active

Hactice Er

Mandate

Active

Hakim El Faissouni

Mandate

Active

Hoa Mai Lambrechts

Mandate

Active

Lennert Vorsselmans

Mandate

Active

Maaike Bruyninckx

Mandate

Active

Matthias Coene

Mandate

Active

Robin Vermeirsch

Mandate

Active

Tine Bergiers

Mandate

Active

Yasmina Naciri

Mandate

Active

Ended mandates

Albane Vangheluwe

Mandate

Ended

Albane Vangheluwe

Director

Ended

Bart Lenaerts

Mandate

Ended

Bart Lenaerts

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Haven● Active	0667.685.246

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/04/2026	08/04/2025	18/04/2024	30/03/2023	30/03/2023	20/05/2021
General meeting	17/03/2026	18/03/2025	18/03/2024	28/03/2023	28/03/2023	17/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/03/2026	02/04/2026	Dutch	PDF
Abridged model	31/12/2024	18/03/2025	08/04/2025	Dutch	PDF
Abridged model	31/12/2023	18/03/2024	18/04/2024	Dutch	PDF
Abridged model	31/12/2022	28/03/2023	30/03/2023	Dutch	PDF
Abridged model	31/12/2021	28/03/2023	30/03/2023	Dutch	PDF
Micro model	31/12/2021	26/03/2022	29/03/2022	Dutch	PDF
Abridged model	31/12/2020	17/03/2021	20/05/2021	Dutch	PDF
Abridged model	31/12/2019	09/06/2020	16/06/2020	Dutch	PDF
Abridged model	31/12/2018	21/03/2019	21/05/2019	Dutch	PDF
Abridged model	31/12/2017	22/03/2018	29/03/2018	Dutch	PDF
Abridged model	31/12/2016	23/03/2017	27/03/2017	Dutch	PDF
Abridged model	31/12/2015	19/03/2016	25/03/2016	Dutch	PDF
Abridged model	31/12/2014	19/03/2015	16/04/2015	Dutch	PDF
Abridged model	31/12/2013	20/03/2014	08/04/2014	Dutch	PDF
Abridged model	31/12/2012	21/03/2013	29/03/2013	Dutch	PDF
Abridged model	31/12/2011	21/03/2012	27/03/2012	Dutch	PDF
Abridged model	31/12/2010	23/03/2011	15/04/2011	Dutch	PDF
Abridged modelCorrection	31/12/2009	24/03/2010	15/12/2010	Dutch	PDF
Abridged model	31/12/2009	24/03/2010	20/05/2010	Dutch	PDF
Abridged modelCorrection	31/12/2008	13/03/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2008	13/03/2009	15/04/2009	Dutch	PDF
Abridged modelCorrection	31/12/2007	27/03/2008	13/06/2008	Dutch	PDF
Abridged model	31/12/2007	27/03/2008	25/04/2008	Dutch	PDF
Abridged model	31/12/2006	16/03/2007	10/04/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 10 active · 42 ended

Active mandates

David Theodora

Mandate

Active

Hactice Er

Mandate

Active

Hakim El Faissouni

Mandate

Active

Hoa Mai Lambrechts

Mandate

Active

Lennert Vorsselmans

Mandate

Active

Maaike Bruyninckx

Mandate

Active

Matthias Coene

Mandate

Active

Robin Vermeirsch

Mandate

Active

Tine Bergiers

Mandate

Active

Yasmina Naciri

Mandate

Active

Ended mandates

Albane Vangheluwe

Mandate

Ended

Albane Vangheluwe

Director

Ended

Bart Lenaerts

Mandate

Ended

Bart Lenaerts

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/07/2021
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates18/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other11/03/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates08/06/2017
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-17,4 k €↓
2024
Annual accounts 2024103,6 k €↑
2023
Annual accounts 202369,6 k €↑
2022
Annual accounts 2022-80,1 k €↑
2021
Annual accounts 2021-178,4 k €↓
2019
Annual accounts 201977,8 k €↓
2018
Annual accounts 2018358,1 k €↑
2017
Annual accounts 201714,4 k €↑
2016
Annual accounts 2016-55,3 k €↓
2015
Annual accounts 20156,9 k €↓
2014
Annual accounts 2014216,3 k €↑
2013
Annual accounts 2013-40 k €↑
2012
Annual accounts 2012-169,9 k €↓
2011
Annual accounts 201192,2 k €
20/10/1966
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Formaat

Overview

What does Formaat do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline