FORMA
0450.055.353 · rovalta.com · 22/09/2026
ACTIVE
FORMA
Financial year 2025 · closed on 30/06/2025
Net result
8,2 k €
-11.2% YoY
Gross margin
16,6 k €
-7.5% YoY
Equity
94,2 k €
+9.6% YoY
Overview
What does FORMA do?
FORMA is a Public limited company incorporated in 1993. Its registered office is in Saint-Georges-sur-Meuse.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0450.055.353
Incorporation
09/04/1993
Legal form
Public limited company
Registered office
Rue du Pouhon 24
4470 Saint-Georges-sur-Meuse · WallonieSee on map
4470 Saint-Georges-sur-Meuse · WallonieSee on map
Contributed capital
61 803,00 €
Latest accounts
30/06/2025
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
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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 | 16,6 k € | -7.5% | 18 k € | -7.1% | 19,3 k € | +40.5% | 13,8 k € | +198% | 4,6 k € | +1.4% | 4,6 k € | -7.1% | 4,9 k € | -24.9% | 6,5 k € | -40.9% | 11,1 k € | +16.3% | 9,5 k € | +17.5% | 8,1 k € | -44.9% | 14,7 k € | -40.1% | 24,5 k € | +133% | 10,5 k € | -57.9% | 24,9 k € | -14.3% | 29,1 k € | +39.5% | 20,9 k € | -21.3% | 26,5 k € | +14.0% | 23,3 k € |
| EBITDA | 12,1 k € | -0.9% | 12,2 k € | -21.7% | 15,6 k € | +52.2% | 10,3 k € | +765% | 1,2 k € | +2.3% | 1,2 k € | -25.8% | 1,6 k € | -58.8% | 3,8 k € | -61.7% | 9,9 k € | +18.3% | 8,4 k € | +28.0% | 6,5 k € | -34.1% | 9,9 k € | -49.3% | 19,6 k € | +184% | 6,9 k € | -64.9% | 19,6 k € | -14.3% | 22,9 k € | +54.4% | 14,8 k € | -28.1% | 20,6 k € | +18.1% | 17,5 k € |
| Operating result | 8,6 k € | -10.5% | 9,6 k € | -28.4% | 13,4 k € | +367% | 2,9 k € | +133% | -8,7 k € | -1.4% | -8,6 k € | -4.7% | -8,2 k € | -5.2% | -7,8 k € | -97.6% | -3,9 k € | +28.0% | -5,5 k € | +25.1% | -7,3 k € | -86.1% | -3,9 k € | -186% | 4,6 k € | +254% | -3 k € | -126% | 11,5 k € | -15.3% | 13,6 k € | +146% | 5,5 k € | -51.3% | 11,3 k € | +57.8% | 7,2 k € |
| Net result | 8,2 k € | -11.2% | 9,3 k € | -29.1% | 13,1 k € | +411% | 2,6 k € | +129% | -8,9 k € | -1.4% | -8,8 k € | -5.2% | -8,4 k € | -4.7% | -8 k € | -96.3% | -4,1 k € | +28.0% | -5,7 k € | +17.9% | -6,9 k € | -106% | 114,6 k € | +600% | -22,9 k € | -116% | 139,7 k € | +484% | 23,9 k € | +395% | -8,1 k € | +52.9% | -17,2 k € | -83.2% | -9,4 k € | +34.1% | -14,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 94,2 k € | +9.6% | 85,9 k € | +12.1% | 76,7 k € | +20.6% | 63,6 k € | +4.2% | 61 k € | -12.8% | 70 k € | -11.2% | 78,8 k € | -9.6% | 87,1 k € | -8.4% | 95,1 k € | -21.5% | 121,2 k € | -4.5% | 126,9 k € | -83.8% | 784,4 k € | +17.1% | 669,8 k € | -3.3% | 692,8 k € | +25.3% | 553,1 k € | +4.5% | 529,2 k € | -1.5% | 537,3 k € | -3.1% | 554,4 k € | -1.7% | 563,8 k € |
| Total assets | 104,2 k € | +1.8% | 102,3 k € | -8.2% | 111,5 k € | +10.8% | 100,6 k € | +5.0% | 95,8 k € | -8.5% | 104,7 k € | -2.3% | 107,2 k € | -1.4% | 108,7 k € | +6.5% | 102,1 k € | -47.9% | 195,8 k € | -8.0% | 212,8 k € | -73.1% | 792,3 k € | -31.3% | 1,2 M € | -1.5% | 1,2 M € | -4.1% | 1,2 M € | +2.9% | 1,2 M € | -0.3% | 1,2 M € | -0.5% | 1,2 M € | -1.0% | 1,2 M € |
| Cash | 19,9 k € | +0.8% | 19,8 k € | -38.5% | 32,1 k € | +68.7% | 19 k € | +351% | 4,2 k € | -10.4% | 4,7 k € | +251% | 1,3 k € | -78.0% | 6,1 k € | -47.0% | 11,5 k € | -87.4% | 91,7 k € | +9.9% | 83,4 k € | -87.2% | 649,5 k € | +4871% | 13,1 k € | -64.7% | 37 k € | +7.9% | 34,3 k € | +17.9% | 29,1 k € | +22.8% | 23,7 k € | +12.6% | 21 k € | -3.0% | 21,7 k € |
| Debts | 8 k € | -44.7% | 14,4 k € | -56.2% | 32,9 k € | -6.7% | 35,2 k € | +6.7% | 33 k € | 0.0% | 33 k € | +23.6% | 26,7 k € | +34.1% | 19,9 k € | +213% | 6,4 k € | -91.4% | 74,1 k € | -13.3% | 85,4 k € | +1554% | 5,2 k € | -98.9% | 481 k € | +1.0% | 476,3 k € | -28.5% | 666,5 k € | +1.8% | 654,8 k € | +0.8% | 649,4 k € | +1.7% | 638,8 k € | -0.6% | 642,4 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 0 € and 100 k€
See the valuationGovernance
Board of directors
Seen on filing of 30/06/2025 · 3 active · 20 ended
Active mandates
Ended mandates
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro model |
| Start of the financial year | 01/07/2024 | 01/07/2023 | 01/07/2022 | 01/07/2021 | 01/07/2020 | 01/07/2019 |
| Closing of the financial year | 30/06/2025 | 30/06/2024 | 30/06/2023 | 30/06/2022 | 30/06/2021 | 30/06/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 30/01/2026 | 29/01/2025 | 29/01/2024 | 25/01/2023 | 26/01/2022 | 30/01/2021 |
| General meeting | 15/12/2025 | 16/12/2024 | 15/12/2023 | 15/12/2022 | 15/12/2021 | 15/12/2020 |
| 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
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 30/06/2025 | 15/12/2025 | 30/01/2026 | French | |
| Micro model | 30/06/2024 | 16/12/2024 | 29/01/2025 | French | |
| Micro model | 30/06/2023 | 15/12/2023 | 29/01/2024 | French | |
| Micro model | 30/06/2022 | 15/12/2022 | 25/01/2023 | French | |
| Micro model | 30/06/2021 | 15/12/2021 | 26/01/2022 | French | |
| Micro model | 30/06/2020 | 15/12/2020 | 30/01/2021 | French | |
| Micro model | 30/06/2019 | 16/12/2019 | 27/01/2020 | French | |
| Micro model | 30/06/2018 | 15/12/2018 | 14/01/2019 | French | |
| Micro model | 30/06/2017 | 15/12/2017 | 08/01/2018 | French | |
| Abridged model | 30/06/2016 | 15/12/2016 | 31/01/2017 | French | |
| Abridged model | 30/06/2015 | 15/12/2015 | 26/02/2016 | French | |
| Abridged model | 30/06/2014 | 14/12/2014 | 28/02/2015 | French | |
| Abridged model | 30/06/2013 | 16/12/2013 | 24/12/2013 | French | |
| Abridged model | 30/06/2012 | 17/12/2012 | 16/01/2013 | French | |
| Abridged model | 30/06/2011 | 15/12/2011 | 21/12/2011 | French | |
| Abridged model | 30/06/2010 | 15/12/2010 | 20/12/2010 | French | |
| Abridged model | 30/06/2009 | 15/12/2009 | 17/12/2009 | French | |
| Abridged model | 30/06/2008 | 15/12/2008 | 23/12/2008 | French | |
| Abridged model | 30/06/2007 | 15/12/2007 | 17/12/2007 | French |
Valuation
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.
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 30/06/2025 · 3 active · 20 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates08/01/2024DEMISSIONS, NOMINATIONS
- Capital / shares16/09/2014CAPITAL, ACTIONS
- Mandates22/01/2014SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
- Capital / shares28/02/2012CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
- Mandates10/01/2011DEMISSIONS, NOMINATIONS
- Mandates28/12/2004DEMISSIONS, NOMINATIONS
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 20258,2 k €↓
- 2024Annual accounts 20249,3 k €↓
- 2023Annual accounts 202313,1 k €↑
- 2022Annual accounts 20222,6 k €↑
- 2021Annual accounts 2021-8,9 k €↓
- 2020Annual accounts 2020-8,8 k €↓
- 2019Annual accounts 2019-8,4 k €↓
- 2018Annual accounts 2018-8 k €↓
- 2017Annual accounts 2017-4,1 k €↑
- 2016Annual accounts 2016-5,7 k €↑
- 2015Annual accounts 2015-6,9 k €↓
- 2014Annual accounts 2014114,6 k €↑
- 2013Annual accounts 2013-22,9 k €↓
- 2012Annual accounts 2012139,7 k €↑
- 2011Annual accounts 201123,9 k €↑
- 2010Annual accounts 2010-8,1 k €↑
- 2009Annual accounts 2009-17,2 k €↓
- 2008Annual accounts 2008-9,4 k €↑
- 2007Annual accounts 2007-14,2 k €
- 09/04/1993IncorporationPublic limited company