ACTIVE

FORMEX VASTGOED

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Financial year 2025 · closed on 30/09/2025

Net result

159,3 k €

+189.6% YoY

Gross margin

246 k €

+109.9% YoY

Equity

990,4 k €

-0.1% YoY

Workforce

0,0 ETP

What does FORMEX VASTGOED do?

FORMEX VASTGOED is a Public limited company incorporated in 1973. Its registered office is in Wuustwezel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0412.983.933

Incorporation

01/01/1973

Legal form

Public limited company

Registered office

Wuustwezelseweg 95
2990 Wuustwezel · FlandreSee on map

Contributed capital

125 000,00 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Joint committees (4)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	246 k €	+110%	117,2 k €	+225%	36 k €	-80.2%	181,7 k €	+58.5%	114,6 k €	-28.5%	160,2 k €	-23.3%	208,8 k €	+3.7%	201,4 k €	+63.7%	123,1 k €	-57.3%	288,2 k €	+18.0%	244,3 k €	-24.0%	321,6 k €	+8.0%	297,9 k €	+2.2%	291,6 k €	+11.8%	260,8 k €	-86.2%	1,9 M €	+2.8%	1,8 M €	+36.9%	1,3 M €
EBITDA	223,5 k €	+169%	82,9 k €	+463%	14,7 k €	-90.8%	160,7 k €	+118%	73,9 k €	-51.1%	150,9 k €	+234%	45,2 k €	+69.8%	26,6 k €	+148%	-55,8 k €	-155%	101,8 k €	+111%	48,2 k €	+278%	-27 k €	-147%	58 k €	-17.3%	70,1 k €	+263%	19,3 k €	-93.4%	294 k €	+30.8%	224,8 k €	+177%	-290,9 k €
Operating result	210,5 k €	+198%	70,6 k €	+3488%	2 k €	-98.7%	148,7 k €	+77.6%	83,7 k €	-43.2%	147,3 k €	+230%	44,6 k €	+45.1%	30,7 k €	+154%	-56,7 k €	-162%	90,9 k €	+144%	37,2 k €	-48.1%	71,8 k €	+5.8%	67,9 k €	+196%	22,9 k €	+115%	-158 k €	-201%	156,5 k €	+85.3%	84,5 k €	+119%	-441,9 k €
Net result	159,3 k €	+190%	55 k €	+4338%	1,2 k €	-99.0%	118,9 k €	+88.8%	63 k €	-35.5%	97,7 k €	+315%	23,5 k €	+8.6%	21,7 k €	+172%	-30,3 k €	-148%	63,5 k €	+1094%	-6,4 k €	-111%	59,5 k €	+44.6%	41,1 k €	+331%	9,5 k €	-96.1%	244,6 k €	+181%	87 k €	+2509%	3,3 k €	+101%	-488,6 k €
Balance sheet
Equity	990,4 k €	-0.1%	991,1 k €	-12.8%	1,1 M €	+0.1%	1,1 M €	+1.7%	1,1 M €	+4.9%	1,1 M €	+10.1%	966,5 k €	+2.5%	943 k €	+2.4%	921,3 k €	-3.2%	951,6 k €	+6.8%	891,1 k €	-22.5%	1,2 M €	+5.2%	1,1 M €	+3.6%	1,1 M €	+0.6%	1 M €	+29.9%	807,5 k €	+11.6%	723,4 k €	+0.1%	723 k €
Total assets	1,2 M €	-3.0%	1,3 M €	+10.7%	1,1 M €	-8.8%	1,3 M €	-7.0%	1,3 M €	+11.7%	1,2 M €	+7.2%	1,1 M €	+2.7%	1,1 M €	+1.4%	1,1 M €	+0.0%	1,1 M €	-25.0%	1,4 M €	-0.5%	1,4 M €	+3.7%	1,4 M €	-2.3%	1,4 M €	-13.1%	1,6 M €	-43.4%	2,9 M €	-0.2%	2,9 M €	-12.0%	3,3 M €
Cash	82,7 k €	+705%	10,3 k €	+202%	3,4 k €	-65.7%	9,9 k €	+107%	4,8 k €	-80.3%	24,2 k €	+129%	10,6 k €	-28.4%	14,8 k €	-0.1%	14,8 k €	-13.9%	17,2 k €	+2719%	609,5 €	-97.5%	24,4 k €	+53.5%	15,9 k €	-9.2%	17,5 k €	-20.0%	21,9 k €	-90.3%	226 k €	+22.9%	183,9 k €	+52.6%	120,5 k €
Debts	213,7 k €	-14.7%	250,3 k €	+15142%	1,6 k €	-98.6%	114,5 k €	-49.7%	227,6 k €	+64.2%	138,6 k €	-10.9%	155,5 k €	+10.0%	141,4 k €	-9.4%	156,1 k €	+24.2%	125,7 k €	-77.0%	545,6 k €	+86.3%	293 k €	-1.9%	298,5 k €	-19.2%	369,5 k €	-37.5%	591,6 k €	-71.7%	2,1 M €	-4.0%	2,2 M €	-15.3%	2,6 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP		0,0 ETP	-100%	0,2 ETP	-88.9%	1,8 ETP	-10.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-9.1%	2,2 ETP	-26.7%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	0.0%	3,0 ETP	-90.4%	31,2 ETP	-7.1%	33,6 ETP	-4.0%	35,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 28 ended

Active mandates

VORNEX

Director · since 10 mars 2026 · until 09 mars 2032 · 1021.866.690

Represented by Kristel Vorsselmans

Active

COMAVOR

Director · since 30 mars 2021 · until 10 mars 2026 · 0463.701.372

Represented by Kristel Vorsselmans

Active

MAVOR

Managing director · since 30 mars 2021 · until 09 mars 2027 · 0866.269.485

Represented by Mark Vorsselmans

Active

Ended mandates

COMAVOR

Director · since 30 mars 2021 · until 09 mars 2027 · 0463.701.372

Represented by Kristel VORSSELMANS

Ended

COMAVOR

Director · since 30 mars 2021 · until 30 mars 2027 · 0463.701.372

Represented by Kristel VORSSELMANS

Ended

MAVOR

Managing director · since 30 mars 2021 · until 30 mars 2027 · 0866.269.485

Represented by Mark VORSSELMANS

Ended

COMAVOR

Director · since 25 novembre 2020 · until 13 juin 2026 · 0463.701.372

Represented by Kristel Vorsselmans

Ended

At this address

Other companies at this address

Company	CBE no.
COMAVOR● Active	0463.701.372
H+V Gevelwerken● Active	0798.508.651
VORNEX● Active	1021.866.690
VORSSELMANS● Active	0415.527.907
Vorsselmans Groep● Active	0672.626.011
VORSSELMANS MONTAGEBEDRIJF● Active	0456.041.936
VORSSELMANS SOLAR● Active	0806.700.203

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/01/2021	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	9 months	12 months
Filing date	03/04/2026	21/03/2025	12/03/2024	27/03/2023	12/04/2022	28/06/2021
General meeting	10/03/2026	11/03/2025	12/03/2024	14/03/2023	29/03/2022	12/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	10/03/2026	03/04/2026	Dutch	PDF
Abridged model	30/09/2024	11/03/2025	21/03/2025	Dutch	PDF
Abridged model	30/09/2023	12/03/2024	12/03/2024	Dutch	PDF
Abridged model	30/09/2022	14/03/2023	27/03/2023	Dutch	PDF
Abridged model	30/09/2021	29/03/2022	12/04/2022	Dutch	PDF
Abridged model	31/12/2020	12/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	04/05/2020	18/05/2020	Dutch	PDF
Abridged model	31/12/2018	08/06/2019	20/06/2019	Dutch	PDF
Abridged model	31/12/2017	09/06/2018	12/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Abridged model	31/12/2015	11/06/2016	01/07/2016	Dutch	PDF
Abridged model	31/12/2014	13/06/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	14/06/2014	08/07/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	21/06/2013	Dutch	PDF
Abridged model	31/12/2011	09/06/2012	23/08/2012	Dutch	PDF
Abridged model	31/12/2010	11/06/2011	11/07/2011	Dutch	PDF
Abridged model	31/12/2009	12/06/2010	29/06/2010	Dutch	PDF
Abridged model	31/12/2008	13/06/2009	26/08/2009	Dutch	PDF
Abridged model	31/12/2007	14/06/2008	18/08/2008	Dutch	PDF
Abridged model	31/12/2006	09/06/2007	29/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 3 active · 28 ended

Active mandates

VORNEX

Director · since 10 mars 2026 · until 09 mars 2032 · 1021.866.690

Represented by Kristel Vorsselmans

Active

COMAVOR

Director · since 30 mars 2021 · until 10 mars 2026 · 0463.701.372

Represented by Kristel Vorsselmans

Active

MAVOR

Managing director · since 30 mars 2021 · until 09 mars 2027 · 0866.269.485

Represented by Mark Vorsselmans

Active

Ended mandates

COMAVOR

Director · since 30 mars 2021 · until 09 mars 2027 · 0463.701.372

Represented by Kristel VORSSELMANS

Ended

COMAVOR

Director · since 30 mars 2021 · until 30 mars 2027 · 0463.701.372

Represented by Kristel VORSSELMANS

Ended

MAVOR

Managing director · since 30 mars 2021 · until 30 mars 2027 · 0866.269.485

Represented by Mark VORSSELMANS

Ended

COMAVOR

Director · since 25 novembre 2020 · until 13 juin 2026 · 0463.701.372

Represented by Kristel Vorsselmans

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/04/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/11/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates11/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates01/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/11/2014
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2010
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025159,3 k €↑
2024
Annual accounts 202455 k €↑
2023
Annual accounts 20231,2 k €↓
2022
Annual accounts 2022118,9 k €↑
2021
Annual accounts 202163 k €↓
2018
Annual accounts 201897,7 k €↑
2017
Annual accounts 201723,5 k €↑
2016
Annual accounts 201621,7 k €↑
2015
Annual accounts 2015-30,3 k €↓
2014
Annual accounts 201463,5 k €↑
2013
Annual accounts 2013-6,4 k €↓
2012
Annual accounts 201259,5 k €↑
2011
Annual accounts 201141,1 k €↑
2010
Annual accounts 20109,5 k €↓
2009
Annual accounts 2009244,6 k €↑
2008
Annual accounts 200887 k €↑
2007
Annual accounts 20073,3 k €↑
2006
Annual accounts 2006-488,6 k €
01/01/1973
IncorporationPublic limited company

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

FORMEX VASTGOED

Overview

What does FORMEX VASTGOED do?

Trend over 18 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