ACTIVE

FORMAC CONSULT

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Financial year 2025 · closed on 30/09/2025

Net result

77,6 k €

+21.8% YoY

Gross margin

152,3 k €

+8.0% YoY

Equity

442,2 k €

+0.4% YoY

What does FORMAC CONSULT do?

FORMAC CONSULT is a Public limited company incorporated in 1989. Its registered office is in Verviers.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.867.995

Incorporation

20/07/1989

Legal form

Public limited company

Registered office

Rue des Déportés 120
4800 Verviers · WallonieSee on map

Contributed capital

165 000,00 €

Latest accounts

30/09/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	152,3 k €	+8.0%	141 k €	+11.7%	126,3 k €	-15.8%	150 k €	-74.8%	594,3 k €	+22.7%	484,3 k €	+6.4%	455,1 k €	-0.4%	456,8 k €	+2.0%	447,7 k €	+7.1%	417,9 k €	+7.8%	387,7 k €	+29.0%	300,5 k €	+6.4%	282,5 k €	-20.2%	354,1 k €	+13.7%	311,4 k €	-3.2%	321,8 k €	-2.8%	331,2 k €	-11.1%	372,7 k €
EBITDA	120,2 k €	+12.3%	107,1 k €	+10.7%	96,8 k €	-20.2%	121,2 k €	-68.4%	383,1 k €	+74.5%	219,6 k €	+16.3%	188,8 k €	-15.1%	222,5 k €	+40.7%	158,1 k €	-18.4%	193,8 k €	+20.6%	160,7 k €	+66.9%	96,3 k €	+40.9%	68,3 k €	-53.1%	145,7 k €	+31.0%	111,3 k €	+35.2%	82,3 k €	-10.4%	91,8 k €	-9.4%	101,3 k €
Operating result	99 k €	+19.9%	82,6 k €	+23.2%	67 k €	-29.3%	94,8 k €	-73.3%	355,4 k €	+126%	157,3 k €	+40.2%	112,3 k €	-22.9%	145,6 k €	+51.8%	95,9 k €	-41.4%	163,8 k €	+11.4%	147 k €	+75.8%	83,6 k €	+53.1%	54,6 k €	-57.6%	128,9 k €	+53.4%	84 k €	+31.1%	64,1 k €	+3.4%	62 k €	-9.4%	68,5 k €
Net result	77,6 k €	+21.8%	63,7 k €	-0.2%	63,8 k €	-11.3%	72 k €	-84.3%	458,9 k €	+134%	196,3 k €	+277%	52,1 k €	-38.6%	84,9 k €	-45.9%	157,1 k €	+47.6%	106,4 k €	+31.3%	81,1 k €	+65.3%	49 k €	-92.1%	621,2 k €	+738%	74,1 k €	+86.2%	39,8 k €	+2.8%	38,8 k €	+5.0%	36,9 k €	-14.5%	43,2 k €
Balance sheet
Equity	442,2 k €	+0.4%	440,6 k €	-7.9%	478,3 k €	-21.6%	609,9 k €	-17.4%	737,9 k €	+164%	279,1 k €	-52.3%	584,4 k €	+9.8%	532,5 k €	+18.9%	447,7 k €	+9.0%	410,8 k €	+1.6%	404,5 k €	-22.7%	523,6 k €	+10.3%	474,7 k €	-14.3%	553,7 k €	+2.6%	539,7 k €	+3.8%	520,1 k €	+3.7%	501,5 k €	+3.5%	484,8 k €
Total assets	724,7 k €	-5.7%	768,4 k €	-16.4%	919,5 k €	-14.0%	1,1 M €	+5.0%	1 M €	-18.4%	1,2 M €	+9.6%	1,1 M €	+4.5%	1,1 M €	+4.5%	1 M €	-4.7%	1,1 M €	+5.5%	1 M €	-32.5%	1,5 M €	+7.2%	1,4 M €	+58.6%	904,1 k €	+10.1%	821,4 k €	+1.4%	810 k €	+8.7%	745,3 k €	+4.7%	711,7 k €
Cash	40 k €	-71.2%	138,7 k €	+145%	56,6 k €	-79.7%	279,3 k €	-20.4%	351 k €	+468%	61,8 k €	+6.4%	58,1 k €	-40.5%	97,6 k €	+247%	28,1 k €	-84.9%	186 k €	+211%	59,8 k €	-36.9%	94,7 k €	+522%	15,2 k €	-81.0%	80 k €	+113%	37,6 k €	+15.4%	32,6 k €	+49.3%	21,8 k €	-46.9%	41,1 k €
Debts	282,5 k €	-13.8%	327,8 k €	-25.6%	440,4 k €	-3.9%	458,2 k €	+63.7%	279,9 k €	-70.7%	956,8 k €	+72.6%	554,4 k €	-0.6%	557,6 k €	-6.4%	595,5 k €	-12.8%	683,3 k €	+8.0%	632,6 k €	-37.6%	1 M €	+5.7%	958,1 k €	+174%	349,7 k €	+24.5%	280,8 k €	-2.8%	289 k €	+19.1%	242,8 k €	+7.5%	225,8 k €
Other
Workforce	–		–		–		–		–		5,3 ETP	+3.9%	5,1 ETP	0.0%	5,1 ETP	0.0%	5,1 ETP	0.0%	5,1 ETP	+2.0%	5,0 ETP	+16.3%	4,3 ETP	-6.5%	4,6 ETP	0.0%	4,6 ETP	-8.0%	5,0 ETP	-13.8%	5,8 ETP	-10.8%	6,5 ETP	-12.2%	7,4 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 30/09/2025 · 2 active · 14 ended

Active mandates

Denise NIESSEN

Mandate

Active

LACHOLDA NIESSEN

Mandate · 0817.138.688

Represented by Wilfried NIESSEN

Active

Ended mandates

Denise NIESSEN

Director · since 12 février 2016 · until 31 mars 2022

Ended

Jean-Marc SCHELLINGS

Managing director · since 12 février 2016 · until 31 mars 2022

Ended

Denise NIESSEN

Director · since 13 février 2013 · until 30 septembre 2018

Ended

Jean Schellings

Director · since 13 février 2013 · until 31 mars 2016

Ended

At this address

Other companies at this address

Company	CBE no.
ADVICE MANAGEMENT TAX & COSTING BELGIUM● Active	0478.192.974
INTEGRATED SERVICES FOR INFORMATION SYSTEMS● Active	0431.755.611
NXT CONSULT● Active	0770.491.190

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	20/02/2026	29/03/2025	25/03/2024	01/04/2023	06/04/2022	30/04/2021
General meeting	13/02/2026	14/02/2025	09/02/2024	10/02/2023	31/03/2022	31/03/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	13/02/2026	20/02/2026	French	PDF
Micro model	30/09/2024	14/02/2025	29/03/2025	French	PDF
Micro model	30/09/2023	09/02/2024	25/03/2024	French	PDF
Micro model	30/09/2022	10/02/2023	01/04/2023	French	PDF
Abridged model	30/09/2021	31/03/2022	06/04/2022	French	PDF
Abridged model	30/09/2020	31/03/2021	30/04/2021	French	PDF
Abridged model	30/09/2019	14/02/2020	16/04/2020	French	PDF
Abridged model	30/09/2018	08/02/2019	28/03/2019	French	PDF
Abridged model	30/09/2017	09/02/2018	28/03/2018	French	PDF
Abridged model	30/09/2016	10/02/2017	28/03/2017	French	PDF
Abridged model	30/09/2015	12/02/2016	31/03/2016	French	PDF
Abridged model	30/09/2014	11/02/2015	15/04/2015	French	PDF
Abridged model	30/09/2013	12/02/2014	02/05/2014	French	PDF
Abridged model	30/09/2012	13/02/2013	04/05/2013	French	PDF
Abridged model	30/09/2011	08/02/2012	03/05/2012	French	PDF
Abridged model	30/09/2010	09/02/2011	24/05/2011	French	PDF
Abridged model	30/09/2009	10/02/2010	31/03/2010	French	PDF
Abridged model	30/09/2008	11/02/2009	24/04/2009	French	PDF
Abridged model	30/09/2006	12/02/2007	30/03/2007	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 30/09/2025 · 2 active · 14 ended

Active mandates

Denise NIESSEN

Mandate

Active

LACHOLDA NIESSEN

Mandate · 0817.138.688

Represented by Wilfried NIESSEN

Active

Ended mandates

Denise NIESSEN

Director · since 12 février 2016 · until 31 mars 2022

Ended

Jean-Marc SCHELLINGS

Managing director · since 12 février 2016 · until 31 mars 2022

Ended

Denise NIESSEN

Director · since 13 février 2013 · until 30 septembre 2018

Ended

Jean Schellings

Director · since 13 février 2013 · until 31 mars 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/01/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates02/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates23/08/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates21/01/2004
DEMISSIONS, NOMINATIONS
PDF
Capital / shares19/01/2004
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
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 202577,6 k €↑
2024
Annual accounts 202463,7 k €↓
2023
Annual accounts 202363,8 k €↓
2022
Annual accounts 202272 k €↓
2021
Annual accounts 2021458,9 k €↑
2020
Annual accounts 2020196,3 k €↑
2019
Annual accounts 201952,1 k €↓
2018
Annual accounts 201884,9 k €↓
2017
Annual accounts 2017157,1 k €↑
2016
Annual accounts 2016106,4 k €↑
2015
Annual accounts 201581,1 k €↑
2014
Annual accounts 201449 k €↓
2013
Annual accounts 2013621,2 k €↑
2012
Annual accounts 201274,1 k €↑
2011
Annual accounts 201139,8 k €↑
2010
Annual accounts 201038,8 k €↑
2009
Annual accounts 200936,9 k €↓
2008
Annual accounts 200843,2 k €
20/07/1989
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

FORMAC CONSULT

Overview

What does FORMAC CONSULT 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