RAMAFORM
0438.429.607 · rovalta.com · 21/09/2026
ACTIVE
RAMAFORM
Financial year 2025 · closed on 31/12/2025
Net result
179,7 k €
+214.7% YoY
Gross margin
352,6 k €
+173.3% YoY
Equity
124 k €
+322.9% YoY
Workforce
2,3 ETP
-23.3% YoY
Overview
What does RAMAFORM do?
RAMAFORM is a Public limited company incorporated in 1989. Its registered office is in Hasselt. It employs on average 2,3 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0438.429.607
Incorporation
20/09/1989
Legal form
Public limited company
Registered office
Kiewitstraat 180
3500 Hasselt · FlandreSee on map
3500 Hasselt · FlandreSee on map
Contributed capital
162 000,00 €
Latest accounts
31/12/2025
Average workforce
2,3 ETP
Joint committees (2)
- 111
- 209
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 352,6 k € | +173% | 129 k € | -41.8% | 221,7 k € | -64.1% | 617,9 k € | +12.2% | 550,7 k € | +54.0% | 357,6 k € | -10.5% | 399,7 k € | +24.1% | 322,2 k € | -9.4% | 355,6 k € | +21.8% | 292 k € | -15.5% | 345,7 k € | +6.7% | 323,9 k € | +21.2% | 267,3 k € | +9.2% | 244,7 k € | -17.7% | 297,3 k € | +11.7% | 266 k € | +11.7% | 238,1 k € | -17.6% | 288,9 k € | +8.5% | 266,2 k € |
| EBITDA | 203,2 k € | +254% | -131,7 k € | -379% | 47,2 k € | -82.3% | 267,3 k € | +188% | 92,9 k € | +5991% | 1,5 k € | -98.6% | 111,5 k € | +8.9% | 102,4 k € | -20.5% | 128,9 k € | +69.5% | 76 k € | -17.5% | 92,1 k € | +328% | 21,5 k € | -42.7% | 37,5 k € | -63.5% | 102,7 k € | -45.9% | 190 k € | +14.7% | 165,7 k € | +47.9% | 112 k € | -34.3% | 170,6 k € | -2.5% | 175 k € |
| Operating result | 189,4 k € | +233% | -142,1 k € | -829% | 19,5 k € | -90.1% | 196,4 k € | +1216% | -17,6 k € | +83.8% | -108,6 k € | -4648% | -2,3 k € | +65.3% | -6,6 k € | -111% | 59,2 k € | +311% | 14,4 k € | -52.0% | 30 k € | +196% | -31,2 k € | +5.2% | -32,9 k € | -54.5% | -21,3 k € | -153% | 40,6 k € | +7.2% | 37,8 k € | +336% | -16,1 k € | -142% | 38,7 k € | +7.4% | 36 k € |
| Net result | 179,7 k € | +215% | -156,7 k € | -2556% | 6,4 k € | -96.0% | 160,9 k € | +360% | -61,9 k € | +58.3% | -148,2 k € | -222% | -46 k € | -14.6% | -40,1 k € | -205% | 38,2 k € | +2340% | 1,6 k € | -78.2% | 7,2 k € | +112% | -57,5 k € | -26.9% | -45,3 k € | +5.6% | -48 k € | -732% | 7,6 k € | +229% | 2,3 k € | +103% | -66,5 k € | -3203% | 2,1 k € | -92.7% | 29,4 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 124 k € | +323% | -55,7 k € | -155% | 101 k € | +6.7% | 94,6 k € | +51.8% | 62,3 k € | -49.8% | 124,2 k € | -54.4% | 272,4 k € | +24.7% | 218,4 k € | -15.5% | 258,5 k € | +17.3% | 220,3 k € | +0.7% | 218,7 k € | +3.4% | 211,5 k € | +104% | 103,9 k € | -30.4% | 149,2 k € | -24.3% | 197,2 k € | +4.0% | 189,6 k € | +1.2% | 187,3 k € | -26.2% | 253,8 k € | +0.9% | 251,7 k € |
| Total assets | 245,5 k € | -0.6% | 246,9 k € | -23.2% | 321,5 k € | -27.8% | 445,5 k € | -62.5% | 1,2 M € | -8.2% | 1,3 M € | -4.3% | 1,4 M € | +7.1% | 1,3 M € | +23.7% | 1 M € | +43.1% | 713,6 k € | -8.9% | 783,4 k € | +6.4% | 736,5 k € | +25.1% | 588,5 k € | -7.9% | 638,7 k € | -18.3% | 781,4 k € | -4.8% | 820,8 k € | -0.4% | 824,1 k € | -7.1% | 887,4 k € | -11.1% | 998,7 k € |
| Cash | 6,2 k € | +31.5% | 4,7 k € | -42.8% | 8,2 k € | – | 29,7 k € | +1463% | 1,9 k € | -74.6% | 7,5 k € | +66.4% | 4,5 k € | -80.1% | 22,6 k € | +266% | 6,2 k € | -65.1% | 17,7 k € | +54.9% | 11,4 k € | +1103% | 947,8 € | -90.8% | 10,3 k € | -19.3% | 12,8 k € | -55.5% | 28,7 k € | -34.1% | 43,5 k € | -23.0% | 56,5 k € | -36.1% | 88,4 k € | ||
| Debts | 119,4 k € | -60.5% | 302,5 k € | +37.2% | 220,5 k € | -37.2% | 350,9 k € | -68.8% | 1,1 M € | -3.2% | 1,2 M € | +7.6% | 1,1 M € | +3.4% | 1 M € | +37.0% | 762,8 k € | +54.6% | 493,3 k € | -12.6% | 564,6 k € | +7.8% | 523,9 k € | +8.4% | 483,5 k € | -1.2% | 489,5 k € | -16.2% | 583,8 k € | -7.5% | 631,2 k € | -0.9% | 636,8 k € | +0.5% | 633,5 k € | -15.2% | 747 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 2,3 ETP | -23.3% | 3,0 ETP | -3.2% | 3,1 ETP | -59.2% | 7,6 ETP | 0.0% | 7,6 ETP | +28.8% | 5,9 ETP | +18.0% | 5,0 ETP | +28.2% | 3,9 ETP | -9.3% | 4,3 ETP | +10.3% | 3,9 ETP | +2.6% | 3,8 ETP | -24.0% | 5,0 ETP | +22.0% | 4,1 ETP | +46.4% | 2,8 ETP | +40.0% | 2,0 ETP | 0.0% | 2,0 ETP | -23.1% | 2,6 ETP | 0.0% | 2,6 ETP | +36.8% | 1,9 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 250 k€ and 500 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 19 ended
Financials
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 | 01/10/2021 | 01/10/2020 | 01/10/2019 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 30/09/2021 | 30/09/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 15 months | 12 months | 12 months |
| Filing date | 31/08/2026 | 31/07/2025 | 14/10/2024 | 27/07/2023 | 11/04/2022 | 30/04/2021 |
| General meeting | 05/06/2026 | 06/06/2025 | 30/09/2024 | 30/06/2023 | 04/03/2022 | 28/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 05/06/2026 | 31/08/2026 | Dutch | |
| Abridged model | 31/12/2024 | 06/06/2025 | 31/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 30/09/2024 | 14/10/2024 | Dutch | |
| Abridged model | 31/12/2022 | 30/06/2023 | 27/07/2023 | Dutch | |
| Abridged model | 30/09/2021 | 04/03/2022 | 11/04/2022 | Dutch | |
| Abridged model | 30/09/2020 | 28/04/2021 | 30/04/2021 | Dutch | |
| Abridged model | 30/09/2019 | 06/03/2020 | 06/04/2020 | Dutch | |
| Abridged model | 30/09/2018 | 01/03/2019 | 27/03/2019 | Dutch | |
| Abridged model | 30/09/2017 | 05/01/2018 | 23/01/2018 | Dutch | |
| Abridged model | 30/09/2016 | 03/03/2017 | 29/03/2017 | Dutch | |
| Abridged model | 30/09/2015 | 18/11/2015 | 25/11/2015 | Dutch | |
| Abridged model | 30/09/2014 | 06/03/2015 | 31/03/2015 | Dutch | |
| Abridged model | 30/09/2013 | 07/03/2014 | 11/03/2014 | Dutch | |
| Abridged model | 30/09/2012 | 01/03/2013 | 01/03/2013 | Dutch | |
| Abridged model | 30/09/2011 | 02/03/2012 | 16/03/2012 | Dutch | |
| Abridged model | 30/09/2010 | 04/03/2011 | 08/03/2011 | Dutch | |
| Abridged model | 30/09/2009 | 05/03/2010 | 29/04/2010 | Dutch | |
| Abridged model | 30/09/2008 | 06/03/2009 | 11/03/2009 | Dutch | |
| Abridged model | 30/09/2007 | 07/03/2008 | 11/03/2008 | Dutch | |
| Abridged model | 30/09/2006 | 02/03/2007 | 28/03/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 250 k€ and 500 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 3 active · 19 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other07/10/2022ALGEMENE VERGADERING - BOEKJAAR
- Mandates03/12/2020ONTSLAGEN - BENOEMINGEN
- Capital / shares19/03/2019KAPITAAL - AANDELEN
- Mandates22/02/2018ONTSLAGEN - BENOEMINGEN
- Mandates03/04/2012ONTSLAGEN - BENOEMINGEN
- Capital / shares14/03/2012KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates19/01/2012ONTSLAGEN - BENOEMINGEN
- Mandates31/03/2006ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025179,7 k €↑
- 2024Annual accounts 2024-156,7 k €↓
- 2023Annual accounts 20236,4 k €↓
- 2022Annual accounts 2022160,9 k €↑
- 2021Annual accounts 2021-61,9 k €↑
- 2020Annual accounts 2020-148,2 k €↓
- 2019Annual accounts 2019-46 k €↓
- 2018Annual accounts 2018-40,1 k €↓
- 2017Annual accounts 201738,2 k €↑
- 2016Annual accounts 20161,6 k €↓
- 2015Annual accounts 20157,2 k €↑
- 2014Annual accounts 2014-57,5 k €↓
- 2013Annual accounts 2013-45,3 k €↑
- 2012Annual accounts 2012-48 k €↓
- 2011Annual accounts 20117,6 k €↑
- 2010Annual accounts 20102,3 k €↑
- 2009Annual accounts 2009-66,5 k €↓
- 2008Annual accounts 20082,1 k €↓
- 2007Annual accounts 200729,4 k €
- 20/09/1989IncorporationPublic limited company