ACTIVE

FORMETCO

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Financial year 2024 · closed on 31/12/2024
Net result
33,9 k €
-95.1% YoY
Gross margin
73,9 k €
-9.7% YoY
Equity
2,3 M €
+1.5% YoY

What does FORMETCO do?

FORMETCO is a Public limited company incorporated in 1983. Its main activity is: Wholesale of machinery for the textile industry and of sewing and knitting machines. Its registered office is in Deinze.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0423.466.168
Incorporation
12/01/1983
Legal form
Public limited company
Registered office
Vaartlaan 22
9800 Deinze · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2024
Activities (NACE)
46649Wholesale of machinery for the textile industry and of sewing and knitting machines· main46699Wholesale of other machinery and equipment51872Air transport25110Manufacture of metal structures and parts of structures25110Manufacture of metal structures and parts of structures28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines+3
Joint committees (2)
  • 149
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross margin73,9 k €81,8 k €75,8 k €247,6 k €131,5 k €372,6 k €365,1 k €124,3 k €273,6 k €45,9 k €88 k €65,6 k €63 k €41,8 k €15,7 k €18,1 k €33 k €69,8 k €21,7 k €
EBITDA72 k €80 k €74,1 k €247 k €130,9 k €371,9 k €364,5 k €123,7 k €273 k €45,3 k €87,4 k €65,2 k €61,8 k €29,5 k €3,2 k €12,6 k €31,7 k €68,5 k €20,4 k €
Operating result66,4 k €74,4 k €68,5 k €241,4 k €126,4 k €367,8 k €362 k €123,1 k €272,5 k €44,2 k €86,3 k €64,1 k €60,7 k €28,4 k €2,1 k €12,1 k €31,2 k €67,2 k €18,9 k €
Net result33,9 k €688 k €93,5 k €207,2 k €77 k €236,1 k €230,4 k €76,1 k €183,8 k €33,4 k €63,4 k €47,1 k €40,8 k €27 k €2,3 k €15,3 k €34,3 k €52,3 k €23,8 k €
Balance sheet
Equity2,3 M €2,3 M €1,6 M €1,5 M €1,3 M €1,2 M €952,8 k €722,4 k €646,3 k €462,4 k €429 k €365,6 k €318,5 k €277,7 k €282,2 k €279,9 k €264,6 k €230,3 k €178 k €
Total assets2,9 M €3 M €2,2 M €2,2 M €2,1 M €2,3 M €2,1 M €2 M €2,1 M €517,4 k €501,9 k €397,4 k €374 k €311,2 k €298,6 k €293,4 k €352,3 k €352,8 k €354,9 k €
Cash52,6 k €29,6 k €28,5 k €11,4 k €71 k €17,4 k €19 k €8,8 k €92 k €90,4 k €166,3 k €108,4 k €48,6 k €44,7 k €34,5 k €33,8 k €11,2 k €6,3 k €62 k €
Debts470,1 k €637,6 k €613,7 k €658,2 k €817,7 k €1,1 M €1,1 M €1,3 M €1,4 M €54,9 k €72,5 k €31,8 k €55,5 k €33,6 k €16,4 k €13,5 k €87,5 k €122,3 k €176,5 k €
Other
Workforce–––––––––––––0,4 ETP0,5 ETP0,1 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 13 ended

Active mandates

JOSEPHUS VANDEWALLE

Director · since 04 avril 2022

Active

Ended mandates

HANA FEJTOVA

Director · since 25 mai 2019 · until 24 mai 2025

Ended
JOSEPHUS VANDEWALLE

Director · since 25 mai 2019 · until 24 mai 2025

Ended
JOSEPHUS VANDEWALLE

Managing director · since 25 mai 2019 · until 24 mai 2025

Ended
MICHAEL VANDEWALLE

Director · since 01 avril 2019 · until 01 avril 2025

Ended
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date13/10/202525/07/202431/08/202331/08/202224/06/202107/10/2020
General meeting30/06/202528/06/202430/06/202328/05/202229/05/202108/09/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202430/06/202513/10/2025DutchPDF
Abridged model31/12/202328/06/202425/07/2024DutchPDF
Micro model31/12/202230/06/202331/08/2023DutchPDF
Micro model31/12/202128/05/202231/08/2022DutchPDF
Micro model31/12/202029/05/202124/06/2021DutchPDF
Abridged model31/12/201908/09/202007/10/2020DutchPDF
Abridged model31/12/201825/05/201925/10/2019DutchPDF
Abridged model31/12/201726/05/201828/09/2018DutchPDF
Micro model31/12/201627/05/201729/09/2017DutchPDF
Abridged model31/12/201528/05/201631/08/2016DutchPDF
Abridged model31/12/201430/05/201530/09/2015DutchPDF
Abridged model31/12/201331/05/201410/10/2014DutchPDF
Abridged model31/12/201225/05/201330/08/2013DutchPDF
Abridged model31/12/201126/05/201231/08/2012DutchPDF
Abridged model31/12/201028/05/201131/08/2011DutchPDF
Abridged model31/12/200929/05/201023/07/2010DutchPDF
Abridged model31/12/200830/05/200926/06/2009DutchPDF
Abridged model31/12/200731/05/200824/07/2008DutchPDF
Abridged model31/12/200626/05/200729/08/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 1 active · 13 ended

Active mandates

JOSEPHUS VANDEWALLE

Director · since 04 avril 2022

Active

Ended mandates

HANA FEJTOVA

Director · since 25 mai 2019 · until 24 mai 2025

Ended
JOSEPHUS VANDEWALLE

Director · since 25 mai 2019 · until 24 mai 2025

Ended
JOSEPHUS VANDEWALLE

Managing director · since 25 mai 2019 · until 24 mai 2025

Ended
MICHAEL VANDEWALLE

Director · since 01 avril 2019 · until 01 avril 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/04/2022
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates31/10/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/05/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/11/2014
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/10/2013
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/07/2007
    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

Timeline

  1. 2024
    Annual accounts 202433,9 k €↓
  2. 2023
    Annual accounts 2023688 k €↑
  3. 2022
    Annual accounts 202293,5 k €↓
  4. 2021
    Annual accounts 2021207,2 k €↑
  5. 2020
    Annual accounts 202077 k €↓
  6. 2019
    Annual accounts 2019236,1 k €↑
  7. 2018
    Annual accounts 2018230,4 k €↑
  8. 2017
    Annual accounts 201776,1 k €↓
  9. 2016
    Annual accounts 2016183,8 k €↑
  10. 2015
    Annual accounts 201533,4 k €↓
  11. 2014
    Annual accounts 201463,4 k €↑
  12. 2013
    Annual accounts 201347,1 k €↑
  13. 2012
    Annual accounts 201240,8 k €↑
  14. 2011
    Annual accounts 201127 k €↑
  15. 2010
    Annual accounts 20102,3 k €↓
  16. 2009
    Annual accounts 200915,3 k €↓
  17. 2008
    Annual accounts 200834,3 k €↓
  18. 2007
    Annual accounts 200752,3 k €↑
  19. 2006
    Annual accounts 200623,8 k €
  20. 12/01/1983
    IncorporationPublic limited company