ACTIVE

Formarin

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Financial year 2025 · closed on 30/09/2025
Net result
20,2 k €
-42.1% YoY
Gross margin
90,3 k €
-12.2% YoY
Equity
231,2 k €
+9.6% YoY

What does Formarin do?

Formarin is a Public limited company incorporated in 2019. Its main activity is: Removal services. Its registered office is in Hasselt.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0737.923.540
Incorporation
21/11/2019
Legal form
Public limited company
Registered office
Oude Spoorbaan 98J
3500 Hasselt · FlandreSee on map
Contributed capital
80 000,00 €
Latest accounts
30/09/2025
Activities (NACE)
49420Removal services· main49420Removal services49410Freight transport by road49410Freight transport by road53200Other postal and courier activities53200Other postal and courier activities
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin90,3 k €102,9 k €114,6 k €88,5 k €47,8 k €
EBITDA77,7 k €89,4 k €111,5 k €81,8 k €44,4 k €
Operating result34,1 k €44,8 k €63,2 k €42,8 k €18,1 k €
Net result20,2 k €34,8 k €52,7 k €32,5 k €11,1 k €
Balance sheet
Equity231,2 k €211,1 k €176,3 k €123,6 k €91,1 k €
Total assets1 M €1,1 M €1,1 M €1,1 M €725,9 k €
Cash167,5 k €152,6 k €129,7 k €126,6 k €76,1 k €
Debts804,1 k €848,8 k €891,7 k €952,9 k €634,4 k €
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 30/09/2025 · 1 active · 2 ended

Active mandates

OLIVIER VANDEBROEK

Director · since 21 novembre 2025 · until 20 novembre 2031

Active

Ended mandates

OLIVIER VANDEBROEK

Director · since 21 novembre 2019 · until 20 novembre 2025

Ended
OLIVIER VANDEBROEK

Administrator - manager · since 21 novembre 2019 · until 20 novembre 2025

Ended
Annual accounts

Full financial information

20252024202320222021
Type of accountMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/10/202401/10/202301/10/202201/10/202121/11/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/2021
Length of the financial year12 months12 months12 months12 months23 months
Filing date10/04/202610/04/202504/04/202406/04/202331/03/2022
General meeting31/03/202631/03/202529/03/202431/03/202331/03/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model30/09/202531/03/202610/04/2026DutchPDF
Micro model30/09/202431/03/202510/04/2025DutchPDF
Micro model30/09/202329/03/202404/04/2024DutchPDF
Micro model30/09/202231/03/202306/04/2023DutchPDF
Micro model30/09/202131/03/202231/03/2022DutchPDF
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 30/09/2025 · 1 active · 2 ended

Active mandates

OLIVIER VANDEBROEK

Director · since 21 novembre 2025 · until 20 novembre 2031

Active

Ended mandates

OLIVIER VANDEBROEK

Director · since 21 novembre 2019 · until 20 novembre 2025

Ended
OLIVIER VANDEBROEK

Administrator - manager · since 21 novembre 2019 · until 20 novembre 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates22/01/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office05/01/2024
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other25/11/2019
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 202520,2 k €↓
  2. 2024
    Annual accounts 202434,8 k €↓
  3. 2023
    Annual accounts 202352,7 k €↑
  4. 2022
    Annual accounts 202232,5 k €↑
  5. 2021
    Annual accounts 202111,1 k €
  6. 21/11/2019
    IncorporationPublic limited company