ACTIVE

FORMATHE

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Financial year 2025 · closed on 31/12/2025

Net result

680,1 €

-5.8% YoY

Gross margin

570,5 k €

+7.3% YoY

Equity

51,8 k €

+1.3% YoY

What does FORMATHE do?

FORMATHE is a Non-profit organization incorporated in 2001. Its main activity is: Other education n.e.c.. Its registered office is in Seraing.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.488.447

Incorporation

05/11/2001

Legal form

Non-profit organization

Registered office

Rue de Colard Trouillet 10
4100 Seraing · WallonieSee on map

Latest accounts

31/12/2025

Activities (NACE)

85592Other education n.e.c.· main 85592Other education n.e.c.

Joint committees (2)

329
32902

Contacts

2 public details availableLog in to view

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	570,5 k €	+7.3%	531,7 k €	+8.7%	489,2 k €	+17.0%	417,9 k €	+17.1%	357 k €	-5.1%	376,3 k €	+4.3%	360,6 k €	-9.1%	396,7 k €	+39.8%	283,7 k €	+14.3%	248,3 k €	+29.0%	192,5 k €	-5.2%	203,1 k €	-7.7%	220 k €	+0.8%	218,3 k €	-12.4%	249,3 k €
EBITDA	2 k €	+61.4%	1,2 k €	+281%	-685,2 €	-135%	2 k €	-79.8%	9,7 k €	-76.5%	41,3 k €	+347%	9,3 k €	-6.5%	9,9 k €	-6.2%	10,6 k €	+27.9%	8,3 k €	+21.7%	6,8 k €	-30.6%	9,8 k €	+1258%	719,8 €	-90.3%	7,4 k €	-51.8%	15,3 k €
Operating result	2 k €	+61.4%	1,2 k €	+281%	-685,2 €	-146%	1,5 k €	-83.9%	9,2 k €	-75.2%	37,4 k €	+1068%	3,2 k €	-17.3%	3,9 k €	-17.9%	4,7 k €	+16.3%	4 k €	-0.1%	4,1 k €	-55.4%	9,1 k €	+22855%	-40 €	-101%	6,5 k €	-56.9%	15 k €
Net result	680,1 €	-5.8%	721,8 €	+161%	-1,2 k €	-353%	469,5 €	-94.8%	9,1 k €	-74.1%	35 k €	+2409%	1,4 k €	+50.0%	928,9 €	-38.3%	1,5 k €	+88.4%	798,9 €	-55.2%	1,8 k €	-69.6%	5,9 k €	+238%	-4,2 k €	-216%	3,7 k €	-70.4%	12,3 k €
Balance sheet
Equity	51,8 k €	+1.3%	51,1 k €	+1.4%	50,4 k €	-2.3%	51,6 k €	+0.9%	51,1 k €	+21.6%	42 k €	+494%	7,1 k €	+24.5%	5,7 k €	+19.6%	4,8 k €	+46.4%	3,2 k €	+32.7%	2,4 k €	+269%	663,9 €	+113%	-5,2 k €	-450%	-945,4 €	+79.5%	-4,6 k €
Total assets	337,1 k €	+77.6%	189,8 k €	+46.3%	129,7 k €	+21.6%	106,7 k €	+15.2%	92,7 k €	-34.5%	141,5 k €	+25.6%	112,7 k €	+14.4%	98,5 k €	+14.4%	86,1 k €	-13.4%	99,4 k €	+24.5%	79,8 k €	+71.9%	46,4 k €	-60.7%	118,2 k €	+45.0%	81,5 k €	+10.2%	73,9 k €
Cash	7,3 k €	+75.5%	4,2 k €	+39.8%	3 k €	-82.0%	16,5 k €	+861%	1,7 k €	-97.3%	63,8 k €	+692%	8,1 k €	+62.4%	5 k €	-74.8%	19,7 k €	+342%	4,5 k €	+24.9%	3,6 k €	+113%	1,7 k €	-51.3%	3,4 k €	-26.3%	4,7 k €	+501%	777 €
Debts	206 k €	+58.8%	129,7 k €	+63.4%	79,4 k €	+43.9%	55,2 k €	+32.6%	41,6 k €	-44.6%	75,1 k €	-28.8%	105,6 k €	+13.8%	92,8 k €	+14.1%	81,4 k €	-15.4%	96,2 k €	+24.2%	77,4 k €	+69.1%	45,8 k €	-62.9%	123,4 k €	+49.6%	82,5 k €	+5.0%	78,5 k €
Other
Workforce	–		–		–		–		–		–		7,0 ETP	+1.4%	6,9 ETP	+15.0%	6,0 ETP	+13.2%	5,3 ETP	+6.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 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 31/12/2025 · 5 active

Active mandates

Alain Servais

Chairman of the board of directors

Active

CHRISTINE DELBROUCK

Director

Active

JACQUES DUMONT

Director

Active

Providenza Ligotti

Managing director

Active

Rosa Garofalo

(Autre fonction)

Active

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	01/01/2025	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	19/06/2026	26/06/2025	20/08/2024	13/06/2023	14/06/2022	05/07/2021
General meeting	04/06/2026	12/06/2025	30/04/2024	25/05/2023	25/05/2022	18/06/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	04/06/2026	19/06/2026	French	PDF
Micro model	31/12/2024	12/06/2025	26/06/2025	French	PDF
Micro model	31/12/2023	30/04/2024	20/08/2024	French	PDF
Micro model	31/12/2022	25/05/2023	13/06/2023	French	PDF
Micro model	31/12/2021	25/05/2022	14/06/2022	French	PDF
Micro model	31/12/2020	18/06/2021	05/07/2021	French	PDF
Abridged model	31/12/2019	28/07/2020	28/08/2020	French	PDF
Abridged model	31/12/2018	09/04/2019	01/07/2019	French	PDF
Abridged model	31/12/2017	10/04/2018	23/05/2018	French	PDF
Abridged model	31/12/2016	19/04/2017	28/04/2017	French	PDF
Abridged model	31/12/2015	21/04/2016	25/04/2016	French	PDF
Abridged model	31/12/2014	18/03/2015	27/03/2015	French	PDF
Abridged model	31/12/2013	02/04/2014	30/04/2014	French	PDF
Abridged model	31/12/2012	24/05/2013	28/05/2013	French	PDF
Abridged model	31/12/2011	20/05/2012	15/06/2012	French	PDF

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 31/12/2025 · 5 active

Active mandates

Alain Servais

Chairman of the board of directors

Active

CHRISTINE DELBROUCK

Director

Active

JACQUES DUMONT

Director

Active

Providenza Ligotti

Managing director

Active

Rosa Garofalo

(Autre fonction)

Active

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other10/07/2026
—
PDF
Mandates08/07/2025
DEMISSIONS, NOMINATIONS
PDF
Other11/09/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates15/04/2015
DENOMINATION - SIEGE SOCIAL
PDF
Other02/01/2013
ASSEMBLEE GENERALE
PDF
Mandates20/07/2010
DEMISSIONS, NOMINATIONS
PDF
Capital / shares06/10/2005
ASSEMBLEE GENERALE - CAPITAL, ACTIONS - 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 2025680,1 €↓
2024
Annual accounts 2024721,8 €↑
2023
Annual accounts 2023-1,2 k €↓
2022
Annual accounts 2022469,5 €↓
2021
Annual accounts 20219,1 k €↓
2020
Annual accounts 202035 k €↑
2019
Annual accounts 20191,4 k €↑
2018
Annual accounts 2018928,9 €↓
2017
Annual accounts 20171,5 k €↑
2016
Annual accounts 2016798,9 €↓
2015
Annual accounts 20151,8 k €↓
2014
Annual accounts 20145,9 k €↑
2014
Name changeFORMATHE
2013
Annual accounts 2013-4,2 k €↓
2012
Annual accounts 20123,7 k €↓
2011
Annual accounts 201112,3 k €
2011
Name changeFORMATION AUTONOMIE DES PERSONNES DU TROISIEME AGE ET DES PERSONNES HANDICAPEES
05/11/2001
IncorporationNon-profit organization

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

FORMATHE

Overview

What does FORMATHE do?

Trend over 15 financial years

Indicative valuation

Board of directors

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