ACTIVE

FORMA

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Financial year 2025 · closed on 31/12/2025

Net result

175,8 k €

+37.2% YoY

Gross margin

696,8 k €

+19.0% YoY

Equity

647,8 k €

+0.9% YoY

Workforce

4,0 ETP

0.0% YoY

What does FORMA do?

FORMA is a Private limited company incorporated in 1985. Its main activity is: Wholesale of other household goods. Its registered office is in Uccle. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.065.759

Incorporation

01/04/1985

Legal form

Private limited company

Registered office

Chaussée d'Alsemberg 993
1180 Uccle · BruxellesSee on map

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Activities (NACE)

46494Wholesale of other household goods· main 46494Wholesale of other household goods 47551Retail sale of other household equipment in specialised stores 47591Retail sale of furniture, lighting equipment and other household articles in specialised stores 51471Air transport 52441Warehousing and support activities for transportation+5

Joint committees (3)

14904
200
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	696,8 k €	+19.0%	585,4 k €	-11.8%	663,8 k €	-2.1%	678,1 k €	-2.3%	693,7 k €	-9.4%	765,7 k €	-1.8%	779,8 k €	-20.5%	980,7 k €	+40.5%	698 k €	+12.1%	622,4 k €	+6.8%	582,8 k €	+28.6%	453,3 k €	+70.0%	266,6 k €	-9.1%	293,3 k €	+10.9%	264,6 k €	-19.2%	327,6 k €	-19.5%	407,2 k €	+14.5%	355,8 k €	+16.1%	306,6 k €
EBITDA	266 k €	+40.5%	189,3 k €	-27.0%	259,3 k €	+16.7%	222,2 k €	-2.1%	227 k €	-27.9%	314,6 k €	-6.3%	335,7 k €	-34.5%	512,7 k €	+73.4%	295,6 k €	+146%	120 k €	-21.0%	151,9 k €	+59.3%	95,3 k €	+125%	42,4 k €	-52.3%	89 k €	+302%	22,1 k €	-64.0%	61,4 k €	-58.0%	146,3 k €	+120%	66,3 k €	-18.2%	81,1 k €
Operating result	242,4 k €	+48.3%	163,5 k €	-23.7%	214,3 k €	+18.0%	181,6 k €	+1.5%	178,9 k €	-32.7%	265,7 k €	-5.3%	280,7 k €	-40.0%	467,6 k €	+82.2%	256,7 k €	+191%	88,3 k €	-35.8%	137,6 k €	+75.4%	78,4 k €	+199%	26,2 k €	-63.6%	72 k €	+914%	7,1 k €	-57.1%	16,6 k €	-84.5%	106,9 k €	+206%	35 k €	-15.9%	41,6 k €
Net result	175,8 k €	+37.2%	128,1 k €	+0.2%	127,8 k €	+0.1%	127,7 k €	+6.9%	119,4 k €	-39.0%	195,8 k €	+0.5%	194,7 k €	-39.7%	322,8 k €	+94.9%	165,6 k €	+182%	58,7 k €	+28952%	202 €	-96.4%	5,6 k €	+127%	2,5 k €	-96.5%	71 k €	+413%	-22,7 k €	-1000%	2,5 k €	-94.0%	42 k €	+129%	18,3 k €	-32.7%	27,2 k €
Balance sheet
Equity	647,8 k €	+0.9%	642 k €	+24.9%	513,9 k €	+33.1%	386 k €	+7.7%	358,4 k €	-47.9%	687,4 k €	+0.1%	686,6 k €	+0.0%	686,6 k €	+21.8%	563,7 k €	+14.6%	492,1 k €	-4.6%	515,9 k €	+0.0%	515,7 k €	+1.1%	510,1 k €	+0.5%	507,6 k €	+16.3%	436,6 k €	-15.1%	514 k €	+0.5%	511,5 k €	+9.0%	469,5 k €	+4.1%	451,1 k €
Total assets	1,3 M €	-9.5%	1,4 M €	-0.9%	1,4 M €	-20.3%	1,8 M €	-22.0%	2,3 M €	-1.1%	2,3 M €	+59.4%	1,4 M €	-17.5%	1,7 M €	+19.6%	1,4 M €	+6.8%	1,4 M €	+3.5%	1,3 M €	+20.8%	1,1 M €	+29.4%	837 k €	-16.7%	1 M €	+29.3%	777,2 k €	-20.1%	972,7 k €	-17.4%	1,2 M €	-3.5%	1,2 M €	-3.6%	1,3 M €
Cash	458,1 k €	+7.0%	428,2 k €	-14.5%	500,8 k €	-23.3%	653,3 k €	+28.2%	509,8 k €	+25.4%	406,6 k €	+437%	75,7 k €	-89.0%	690,2 k €	+218%	217,4 k €	-40.3%	364,2 k €	-44.9%	661,3 k €	+597%	94,8 k €	-64.5%	267,2 k €	+1098%	22,3 k €	-73.5%	84,3 k €	-32.4%	124,7 k €	-58.6%	301,4 k €	+46.3%	206 k €	+100%	102,9 k €
Debts	607,5 k €	-18.3%	743,9 k €	-16.0%	885,1 k €	-35.4%	1,4 M €	-27.6%	1,9 M €	+19.2%	1,6 M €	+114%	740,2 k €	-29.0%	1 M €	+18.2%	882,3 k €	+2.5%	861,1 k €	+13.6%	757,9 k €	+33.7%	567 k €	+76.6%	321,1 k €	-35.4%	496,9 k €	+45.9%	340,6 k €	-25.4%	456,5 k €	-21.8%	583,9 k €	-13.2%	672,5 k €	+0.3%	670,3 k €
Other
Workforce	4,0 ETP	0.0%	4,0 ETP	-14.9%	4,7 ETP	+4.4%	4,5 ETP	-8.2%	4,9 ETP	-15.5%	5,8 ETP	+16.0%	5,0 ETP	-9.1%	5,5 ETP		–		5,3 ETP	-8.6%	5,8 ETP	+1.8%	5,7 ETP	+5.6%	5,4 ETP	+10.2%	4,9 ETP	-29.0%	6,9 ETP	+11.3%	6,2 ETP	-1.6%	6,3 ETP	-12.5%	7,2 ETP	+20.0%	6,0 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 · 1 active · 8 ended

Active mandates

LESGAU

Director · since 06 février 2016 · 0646.778.578

Represented by Olivia LESCRENIER

Active

Ended mandates

LESGAU

Manager · since 06 février 2016 · 0646.778.578

Represented by Olivia Lescrenier

Ended

LESGAU

Managing director · since 06 février 2016 · 0646.778.578

Represented by Frédéric Gauthy

Ended

LESGAU

Manager · since 06 février 2016 · 0646.778.578

Represented by Frédéric Gauthy

Ended

LESGAU

Director · since 06 février 2016 · 0646.778.578

Represented by Olivia LESCRENIER

Ended

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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	16/04/2026	05/05/2025	10/05/2024	08/05/2023	25/05/2022	12/05/2021
General meeting	13/04/2026	05/05/2025	10/05/2024	02/05/2023	03/05/2022	04/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/04/2026	16/04/2026	French	PDF
Abridged model	31/12/2024	05/05/2025	05/05/2025	French	PDF
Abridged model	31/12/2023	10/05/2024	10/05/2024	French	PDF
Abridged model	31/12/2022	02/05/2023	08/05/2023	French	PDF
Abridged model	31/12/2021	03/05/2022	25/05/2022	French	PDF
Abridged model	31/12/2020	04/05/2021	12/05/2021	French	PDF
Abridged model	31/12/2019	05/05/2020	31/07/2020	French	PDF
Abridged model	31/12/2018	07/05/2019	29/07/2019	French	PDF
Abridged model	31/12/2017	02/05/2018	21/06/2018	French	PDF
Abridged model	31/12/2016	02/05/2017	20/07/2017	French	PDF
Abridged model	31/12/2015	05/02/2016	17/03/2016	French	PDF
Abridged model	31/12/2014	25/04/2015	28/08/2015	French	PDF
Abridged model	31/12/2013	19/08/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	19/08/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	27/07/2012	14/08/2012	French	PDF
Abridged model	31/12/2009	30/04/2010	07/05/2010	French	PDF
Abridged model	31/12/2008	16/10/2009	30/10/2009	French	PDF
Abridged model	31/12/2007	13/10/2008	21/10/2008	French	PDF
Abridged model	31/12/2006	27/10/2007	30/11/2007	French	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 · 1 active · 8 ended

Active mandates

LESGAU

Director · since 06 février 2016 · 0646.778.578

Represented by Olivia LESCRENIER

Active

Ended mandates

LESGAU

Manager · since 06 février 2016 · 0646.778.578

Represented by Olivia Lescrenier

Ended

LESGAU

Managing director · since 06 février 2016 · 0646.778.578

Represented by Frédéric Gauthy

Ended

LESGAU

Manager · since 06 février 2016 · 0646.778.578

Represented by Frédéric Gauthy

Ended

LESGAU

Director · since 06 février 2016 · 0646.778.578

Represented by Olivia LESCRENIER

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/08/2023
DENOMINATION - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates25/03/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates21/03/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates24/02/2016
DEMISSIONS, NOMINATIONS
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 2025175,8 k €↑
2024
Annual accounts 2024128,1 k €↑
2023
Annual accounts 2023127,8 k €↑
2022
Annual accounts 2022127,7 k €↑
2021
Annual accounts 2021119,4 k €↓
2020
Annual accounts 2020195,8 k €↑
2019
Annual accounts 2019194,7 k €↓
2018
Annual accounts 2018322,8 k €↑
2017
Annual accounts 2017165,6 k €↑
2016
Annual accounts 201658,7 k €↑
2015
Annual accounts 2015202 €↓
2014
Annual accounts 20145,6 k €↑
2013
Annual accounts 20132,5 k €↓
2012
Annual accounts 201271 k €↑
2011
Annual accounts 2011-22,7 k €↓
2009
Annual accounts 20092,5 k €↓
2008
Annual accounts 200842 k €↑
2007
Annual accounts 200718,3 k €↓
2006
Annual accounts 200627,2 k €
01/04/1985
IncorporationPrivate 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

FORMA

Overview

What does FORMA do?

Trend over 19 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