ACTIVE

Forma Belgium

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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

Activities (NACE)

16210Manufacture of veneer sheets and wood-based panels· main 16210Manufacture of veneer sheets and wood-based panels 31002Manufacture of furniture 31020Manufacture of kitchen furniture

Joint committees (2)

126
12601

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 5 filings

Trend over 5 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	186,7 k €	+100%	93,3 k €	-60.4%	235,5 k €	+14.7%	205,3 k €	-24.7%	272,5 k €
EBITDA	26,5 k €	+201%	-26,2 k €	-139%	67,6 k €	+38.9%	48,7 k €	-71.1%	168,3 k €
Operating result	-70,5 k €	+73.0%	-261,6 k €	-67.3%	-156,3 k €	+14.9%	-183,8 k €	-314%	-44,4 k €
Net result	-71,8 k €	+73.3%	-268,6 k €	-57.5%	-170,6 k €	+13.8%	-197,9 k €	-240%	-58,2 k €
Balance sheet
Equity	375,3 k €	-16.1%	447,1 k €	+107%	215,7 k €	+290%	-113,7 k €	-235%	84,2 k €
Total assets	447,2 k €	-14.8%	524,7 k €	-34.9%	805,7 k €	-16.6%	965,6 k €	-17.9%	1,2 M €
Cash	55,2 k €	+6.0%	52,1 k €	-66.5%	155,7 k €	+125%	69,3 k €	+1.1%	68,6 k €
Debts	71,9 k €	-7.3%	77,6 k €	-86.8%	586,8 k €	-45.4%	1,1 M €	-1.1%	1,1 M €
Other
Workforce	3,0 ETP	0.0%	3,0 ETP	+3.4%	2,9 ETP	+3.6%	2,8 ETP	+21.7%	2,3 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 · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEVAX0737.582.060Represented by Axel Devos	Director01/07/2025 → 16/03/2030
BELINVEST0466.338.584Represented by Bart Allossery	Director28/06/2024 → 01/07/2025Managing director2023 accountsended
SEASTAR CAPITAL0685.867.204Represented by Michael Van Cauwenberge	Directorsince 28/06/2024
INTERNATIONAL WOOD HOLDING0847.051.213Represented by Joost Van Cauwenberge	Managing director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
2ADVISE0863.289.409Represented by Wim Seynaeve	Managing directoruntil 28/06/2024

Other companies at this address

Oostlaan 4 8560 Wevelgem

Company	CBE 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
INTERNATIONAL WOOD HOLDING● Active	0847.051.213
INTERNATIONAL WOOD PRODUCTS● Active	0863.817.959
JOLI● Active	0768.919.790
Lamitrans● Active	0462.129.081
LIGNUM INVESTCO● Active	1043.258.754
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

	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months
Filing date	21/08/2026	28/08/2025	18/07/2024	26/04/2024	04/05/2023
General meeting	30/06/2026	30/06/2025	28/06/2024	15/06/2023	30/06/2022
Currency of the financial year	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 5 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	21/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	18/07/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	26/04/2024	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	04/05/2023	Dutch	PDF

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 · 1 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
DEVAX0737.582.060Represented by Axel Devos	Director01/07/2025 → 16/03/2030
BELINVEST0466.338.584Represented by Bart Allossery	Director28/06/2024 → 01/07/2025Managing director2023 accountsended
SEASTAR CAPITAL0685.867.204Represented by Michael Van Cauwenberge	Directorsince 28/06/2024
INTERNATIONAL WOOD HOLDING0847.051.213Represented by Joost Van Cauwenberge	Managing director

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
2ADVISE0863.289.409Represented by Wim Seynaeve	Managing directoruntil 28/06/2024

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates30/10/2026
ONTSLAG/BENOEMING BESTUURDER
PDF
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

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings5 filings

Mandates

DEVAX

BELINVEST

SEASTAR CAPITAL

INTERNATIONAL WOOD HOLDING

2ADVISE

2018201920202021202220232024202520262027202820292030

Forma Belgium

Oostlaan 4, 8560 Wevelgem

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oostlaan 4, 8560 WevelgemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00425098

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Forma BelgiumCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00425098

Events

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

Forma Belgium

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events