ACTIVE

FORMA-LIBRE

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Financial year 2025 · closed on 31/12/2025
Net result
-32 k €
-161.3% YoY
Gross margin
2,4 k €
-99.4% YoY
Equity
202,1 k €
-13.7% YoY

What does FORMA-LIBRE do?

FORMA-LIBRE is a Public limited company incorporated in 2015. Its main activity is: Book publishing. Its registered office is in Saint-Ghislain.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0599.995.379
Incorporation
06/03/2015
Legal form
Public limited company
Registered office
Rue de Chièvres(S) 512
7332 Saint-Ghislain · WallonieSee on map
Contributed capital
380 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
58110Book publishing· main58110Book publishing58190Other publishing activities58190Other publishing activities58290Other software publishing58290Other software publishing+6
Joint committees (1)
  • 200
Contacts
2 public details availableLog in to view
Signals
Solid equityLow riskGood liquidity
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin2,4 k €408,2 k €426,1 k €261 k €243,8 k €239,1 k €312 k €275,9 k €192,5 k €146,7 k €148 k €
EBITDA-38,8 k €121 k €173 k €122,1 k €105,8 k €184,1 k €168,3 k €105,4 k €-29,3 k €-25,7 k €-14,7 k €
Operating result-38,8 k €56,9 k €21,3 k €-88,1 k €-431,3 €84,6 k €36,7 k €-8,5 k €-127,5 k €-79,3 k €-46,5 k €
Net result-32 k €52,2 k €26,8 k €-88,2 k €-713,8 €84,2 k €18 k €-16 k €-121,5 k €-69,1 k €-31,5 k €
Balance sheet
Equity202,1 k €234 k €181,9 k €155,1 k €243,3 k €244 k €159,8 k €141,9 k €157,9 k €29,4 k €98,5 k €
Total assets270,1 k €419,1 k €425,6 k €341,8 k €429,5 k €347,9 k €291,5 k €268,1 k €260,1 k €345,7 k €171,2 k €
Cash11,4 k €1,4 k €11,1 k €6,4 k €2,4 k €5 k €6 k €7,8 k €55,5 k €7,5 k €17,8 k €
Debts68 k €185 k €243,7 k €186,7 k €186,2 k €103,9 k €131,6 k €126,2 k €102,2 k €316,4 k €72,7 k €
Other
Workforce–––1,9 ETP–––––3,4 ETP3,0 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 10 ended

Active mandates

Laurent GRUBER

Managing director · since 28 juin 2024 · until 28 juin 2028

Active

Ended mandates

GRUBER Viriginie

Director · since 28 septembre 2020 · until 28 juin 2024

Ended
Virginie GRUBER

Director · since 28 septembre 2020 · until 28 juin 2024

Ended
CENTRE DE RECHERCHE ET DE DEVELOPPEMENT DE L'ECAM

Director · since 28 juin 2018 · until 28 juin 2024 · 0423.127.856

Represented by Xavier VAN DEN DOOREN

Ended
Laurent GRUBER

Managing director · since 28 juin 2018 · until 28 juin 2024

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelAbridged modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/07/202615/07/202526/08/202419/07/202305/07/202226/07/2021
General meeting30/06/202627/06/202527/06/202429/06/202327/06/202224/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202630/07/2026FrenchPDF
Micro model31/12/202427/06/202515/07/2025FrenchPDF
Micro model31/12/202327/06/202426/08/2024FrenchPDF
Abridged model31/12/202229/06/202319/07/2023FrenchPDF
Micro model31/12/202127/06/202205/07/2022FrenchPDF
Micro model31/12/202024/06/202126/07/2021FrenchPDF
Micro model31/12/201925/06/202002/11/2020FrenchPDF
Micro model31/12/201827/06/201928/09/2019FrenchPDF
Micro model31/12/201728/06/201831/08/2018FrenchPDF
Abridged model31/12/201629/06/201730/08/2017FrenchPDF
Abridged model31/12/201530/06/201618/08/2016FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 10 ended

Active mandates

Laurent GRUBER

Managing director · since 28 juin 2024 · until 28 juin 2028

Active

Ended mandates

GRUBER Viriginie

Director · since 28 septembre 2020 · until 28 juin 2024

Ended
Virginie GRUBER

Director · since 28 septembre 2020 · until 28 juin 2024

Ended
CENTRE DE RECHERCHE ET DE DEVELOPPEMENT DE L'ECAM

Director · since 28 juin 2018 · until 28 juin 2024 · 0423.127.856

Represented by Xavier VAN DEN DOOREN

Ended
Laurent GRUBER

Managing director · since 28 juin 2018 · until 28 juin 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/04/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office08/04/2022
    SIEGE SOCIAL
    PDF
  • Mandates19/01/2018
    CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/11/2017
    DEMISSIONS, NOMINATIONS
    PDF
  • Other10/03/2015
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 2025-32 k €↓
  2. 2024
    Annual accounts 202452,2 k €↑
  3. 2023
    Annual accounts 202326,8 k €↑
  4. 2022
    Annual accounts 2022-88,2 k €↓
  5. 2021
    Annual accounts 2021-713,8 €↓
  6. 2020
    Annual accounts 202084,2 k €↑
  7. 2019
    Annual accounts 201918 k €↑
  8. 2018
    Annual accounts 2018-16 k €↑
  9. 2017
    Annual accounts 2017-121,5 k €↓
  10. 2016
    Annual accounts 2016-69,1 k €↓
  11. 2015
    Annual accounts 2015-31,5 k €
  12. 06/03/2015
    IncorporationPublic limited company