ACTIVE

FORMALIA

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Financial year 2025 · closed on 31/12/2025

Net result

2,7 k €

+117.9% YoY

Gross margin

65,5 k €

+85.8% YoY

Equity

329,4 k €

+0.8% YoY

Workforce

0,6 ETP

0.0% YoY

What does FORMALIA do?

FORMALIA is a Private limited company incorporated in 2019. Its main activity is: Other education n.e.c.. Its registered office is in Fexhe-le-Haut-Clocher. It employs on average 0,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0717.822.368

Incorporation

08/01/2019

Legal form

Private limited company

Registered office

Chaussée Verte 106
4347 Fexhe-le-Haut-Clocher · WallonieSee on map

Contributed capital

104 600,00 €

Latest accounts

31/12/2025

Average workforce

0,6 ETP

Activities (NACE)

85592Other education n.e.c.· main 85592Other education n.e.c.85599Other education n.e.c.85599Other education n.e.c.70200Management consultancy activities 70220Business and other management consultancy activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 7 financial years

	2025		2024		2023		2022		2021		2020		2019
Income statement
Gross margin	65,5 k €	+85.8%	35,3 k €	-43.1%	62 k €	-46.2%	115,2 k €	+13.3%	101,6 k €	-0.4%	102 k €	+20.3%	84,8 k €
EBITDA	25,9 k €	+1477%	-1,9 k €	+92.7%	-25,7 k €	-238%	18,6 k €	-3.4%	19,3 k €	+4093%	-483,1 €	-105%	10,4 k €
Operating result	3,5 k €	+124%	-14,5 k €	+62.6%	-38,6 k €	-389%	13,3 k €	-17.1%	16,1 k €	+2321%	-724,8 €	-107%	10,2 k €
Net result	2,7 k €	+118%	-14,9 k €	+61.6%	-38,8 k €	-452%	11 k €	+9.2%	10,1 k €	+562%	-2,2 k €	-133%	6,6 k €
Balance sheet
Equity	329,4 k €	+0.8%	326,8 k €	-4.4%	341,7 k €	-10.2%	380,5 k €	+3.0%	369,5 k €	+1198%	28,5 k €	-7.1%	30,6 k €
Total assets	480,9 k €	+20.1%	400,3 k €	-16.8%	481,3 k €	-14.1%	560,5 k €	-14.0%	651,6 k €	+174%	237,9 k €	+21.0%	196,6 k €
Cash	251,8 k €	+18.2%	213 k €	-18.4%	260,9 k €	+1496%	16,3 k €	+5.0%	15,6 k €	+202%	5,2 k €	+119%	2,4 k €
Debts	151,4 k €	+106%	73,6 k €	-47.3%	139,6 k €	-22.3%	179,8 k €	-36.1%	281,3 k €	+34.3%	209,5 k €	+26.2%	166 k €
Other
Workforce	0,6 ETP	0.0%	0,6 ETP		–		–		–		2,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 5 ended

Active mandates

AMA Consult

Director · since 17 juillet 2023 · 0795.975.268

Represented by Alexis Mottard

Active

HL NEXT

Director · since 17 juillet 2023 · 0461.198.871

Represented by Henri LEMAITRE

Active

SAS Formalia FR

Director · since 17 juillet 2023

Represented by Christian Paquay

Active

Stéphane VINCENDON

Director · since 17 juillet 2023

Active

Ended mandates

MAZALO MANAGEMENT

Director · since 01 juillet 2022 · until 16 février 2023 · 0787.924.169

Represented by Elisabeth VISE

Ended

CHRISTIAN PAQUAY

Director · since 08 janvier 2019

Ended

KAMY Group

Director · since 08 janvier 2019 · 0682.861.489

Represented by ANNE-SOPHIE ABERI MOSKA

Ended

LUCIENNE MARECHAL

Director · since 08 janvier 2019

Ended

At this address

Other companies at this address

Company	CBE no.
NEXTSTEP IMMO● Active	0749.587.591
Winsearch● Active	0822.810.418

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Abridged 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	30/06/2026	15/12/2025	04/07/2024	06/06/2023	11/07/2022	17/06/2021
General meeting	01/06/2026	02/06/2025	03/06/2024	05/06/2023	30/06/2022	07/06/2021
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

8 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	01/06/2026	30/06/2026	French	PDF
Abridged modelCorrection	31/12/2024	02/06/2025	15/12/2025	French	PDF
Abridged model	31/12/2024	02/06/2025	04/07/2025	French	PDF
Micro model	31/12/2023	03/06/2024	04/07/2024	French	PDF
Micro model	31/12/2022	05/06/2023	06/06/2023	French	PDF
Micro model	31/12/2021	30/06/2022	11/07/2022	French	PDF
Abridged model	31/12/2020	07/06/2021	17/06/2021	French	PDF
Micro model	31/12/2019	02/06/2020	15/06/2020	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 · 4 active · 5 ended

Active mandates

AMA Consult

Director · since 17 juillet 2023 · 0795.975.268

Represented by Alexis Mottard

Active

HL NEXT

Director · since 17 juillet 2023 · 0461.198.871

Represented by Henri LEMAITRE

Active

SAS Formalia FR

Director · since 17 juillet 2023

Represented by Christian Paquay

Active

Stéphane VINCENDON

Director · since 17 juillet 2023

Active

Ended mandates

MAZALO MANAGEMENT

Director · since 01 juillet 2022 · until 16 février 2023 · 0787.924.169

Represented by Elisabeth VISE

Ended

CHRISTIAN PAQUAY

Director · since 08 janvier 2019

Ended

KAMY Group

Director · since 08 janvier 2019 · 0682.861.489

Represented by ANNE-SOPHIE ABERI MOSKA

Ended

LUCIENNE MARECHAL

Director · since 08 janvier 2019

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office09/09/2025
SIEGE SOCIAL
PDF
Mandates30/01/2025
DEMISSIONS, NOMINATIONS
PDF
Registered office05/02/2024
SIEGE SOCIAL
PDF
Mandates31/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/03/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office05/01/2023
SIEGE SOCIAL
PDF
Mandates10/11/2022
DEMISSIONS, NOMINATIONS
PDF
Restructuring24/09/2021
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, 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

2025
Annual accounts 20252,7 k €↑
2024
Annual accounts 2024-14,9 k €↑
2023
Annual accounts 2023-38,8 k €↓
2022
Annual accounts 202211 k €↑
2021
Annual accounts 202110,1 k €↑
2020
Annual accounts 2020-2,2 k €↓
2019
Annual accounts 20196,6 k €
08/01/2019
IncorporationPrivate limited company

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

FORMALIA

Overview

What does FORMALIA do?

Trend over 7 financial years

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