ACTIVE

Forma Belgium

Financial year 2025 · Closed on 31/12/2025

Net result-71,8 k €+73,3 %over 1 year
Gross margin186,7 k €+100,1 %over 1 year
Equity375,3 k €-16,1 %over 1 year
Workforce3,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

Forma Belgium is a Public limited company incorporated in 2018. Its main activity is: Manufacture of veneer sheets and wood-based panels. Its registered office is in Wevelgem. It employs on average 3,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0712.687.209
Incorporation
29/10/2018
Legal form
Public limited company
Registered office
Oostlaan 4
8560 Wevelgem · FlandreSee on map
Contributed capital
1 750 000,00 €
Latest accounts
31/12/2025
Average workforce
3,0 ETP
Joint committees (2)
  • 126
  • 12601
Signals
Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 5 filings

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin186,7 k €93,3 k €235,5 k €205,3 k €272,5 k €
EBITDA26,5 k €-26,2 k €67,6 k €48,7 k €168,3 k €
Operating result-70,5 k €-261,6 k €-156,3 k €-183,8 k €-44,4 k €
Net result-71,8 k €-268,6 k €-170,6 k €-197,9 k €-58,2 k €
Balance sheet
Equity375,3 k €447,1 k €215,7 k €-113,7 k €84,2 k €
Total assets447,2 k €524,7 k €805,7 k €965,6 k €1,2 M €
Cash55,2 k €52,1 k €155,7 k €69,3 k €68,6 k €
Debts71,9 k €77,6 k €586,8 k €1,1 M €1,1 M €
Other
Workforce3,0 ETP3,0 ETP2,9 ETP2,8 ETP2,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 5 ended

Active mandates

DEVAX

Director · since 01 juillet 2025 · until 16 mars 2030 · 0737.582.060

Represented by Axel Devos

Active
BELINVEST

Director · since 28 juin 2024 · until 01 juillet 2025 · 0466.338.584

Represented by Bart Allossery

Active
INTERNATIONAL WOOD HOLDING

Managing director · 0847.051.213

Represented by Joost Van Cauwenberge

Active
SEASTAR CAPITAL

Director · 0685.867.204

Represented by Michael Van Cauwenberge

Active

Ended mandates

SEASTAR CAPITAL

Director · since 28 juin 2024 · 0685.867.204

Represented by Michael Van Cauwenberge

Ended
2ADVISE

Managing director · until 28 juin 2024 · 0863.289.409

Represented by Wim Seynaeve

Ended
2ADVISE

Managing director · 0863.289.409

Represented by Wim Seynaeve

Ended
BELINVEST

Director · 0466.338.584

Represented by Bart Allossery

Ended

Other companies at this address

Oostlaan 4 8560 Wevelgem
CompanyCBE no.
CHRISTOO● Active
1027.712.723
CV VENTURES● Active
1012.981.886
DESIGN VENTURES● Active
0698.854.415
FINIPAN● Active
0435.178.226
HEBIC● Active
0437.193.549
0847.051.213
0863.817.959
JOLI● Active
0768.919.790
Lamitrans● Active
0462.129.081
Placabois● Active
0405.435.353
SEASTAR CAPITAL● Active
0685.867.204
SECAFIN● Active
1027.712.525
STRATINVEST● Active
0469.007.470
TRILAM● Active
0727.836.728
VANCA-BELGIUM● Active
0442.917.143

Full financial information

Source · NBB
20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months12 months
Filing date21/08/202628/08/202518/07/202426/04/202404/05/2023
General meeting30/06/202630/06/202528/06/202415/06/202330/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202621/08/2026DutchPDF
Abridged model31/12/202430/06/202528/08/2025DutchPDF
Abridged model31/12/202328/06/202418/07/2024DutchPDF
Abridged model31/12/202215/06/202326/04/2024DutchPDF
Abridged model31/12/202130/06/202204/05/2023DutchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 5 ended

Active mandates

DEVAX

Director · since 01 juillet 2025 · until 16 mars 2030 · 0737.582.060

Represented by Axel Devos

Active
BELINVEST

Director · since 28 juin 2024 · until 01 juillet 2025 · 0466.338.584

Represented by Bart Allossery

Active
INTERNATIONAL WOOD HOLDING

Managing director · 0847.051.213

Represented by Joost Van Cauwenberge

Active
SEASTAR CAPITAL

Director · 0685.867.204

Represented by Michael Van Cauwenberge

Active

Ended mandates

SEASTAR CAPITAL

Director · since 28 juin 2024 · 0685.867.204

Represented by Michael Van Cauwenberge

Ended
2ADVISE

Managing director · until 28 juin 2024 · 0863.289.409

Represented by Wim Seynaeve

Ended
2ADVISE

Managing director · 0863.289.409

Represented by Wim Seynaeve

Ended
BELINVEST

Director · 0466.338.584

Represented by Bart Allossery

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates15/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares27/12/2024
    KAPITAAL - AANDELEN
    PDF
  • Mandates01/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares25/01/2024
    KAPITAAL - AANDELEN
    PDF
  • Capital / shares14/01/2020
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates04/07/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other31/10/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

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 2025-71,8 k €↑
  2. 2024
    Annual accounts 2024-268,6 k €↓
  3. 2023
    Annual accounts 2023-170,6 k €↑
  4. 2022
    Annual accounts 2022-197,9 k €↓
  5. 2021
    Annual accounts 2021-58,2 k €
  6. 29/10/2018
    IncorporationPublic limited company