ACTIVE

FORMULATE

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Financial year 2025 · closed on 31/12/2025
Net result
42,1 k €
-10.9% YoY
Gross margin
52,1 k €
-12.1% YoY
Equity
125,2 k €
+50.7% YoY

What does FORMULATE do?

FORMULATE is a Private limited company incorporated in 2023. Its main activity is: Specialised design activities. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0801.247.021
Incorporation
27/04/2023
Legal form
Private limited company
Registered office
Stropstraat 83
9000 Gent · FlandreSee on map
Contributed capital
2 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
74103Specialised design activities· main74120Specialised design activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 3 financial years

202520242023
Income statement
Gross margin52,1 k €59,2 k €42,3 k €
EBITDA51,8 k €59,2 k €42,3 k €
Operating result51,8 k €59,2 k €42,3 k €
Net result42,1 k €47,3 k €33,8 k €
Balance sheet
Equity125,2 k €83,1 k €35,8 k €
Total assets151,5 k €110,6 k €54,7 k €
Cash123,7 k €103,2 k €35,0 k €
Debts26,3 k €27,5 k €18,9 k €
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 · 1 active

Active mandates

Paul Daniel Henrik Hansson

Director

Active
Annual accounts

Full financial information

202520242023
Type of accountMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202427/04/2023
Closing of the financial year31/12/202531/12/202431/12/2023
Length of the financial year12 months12 months9 months
Filing date23/07/202619/06/202528/05/2024
General meeting15/04/202615/04/202515/04/2024
Currency of the financial yearEUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

3 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202515/04/202623/07/2026DutchPDF
Micro model31/12/202415/04/202519/06/2025DutchPDF
Micro model31/12/202315/04/202428/05/2024DutchPDF
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 · 1 active

Active mandates

Paul Daniel Henrik Hansson

Director

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office23/02/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other02/05/2023
    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 202542,1 k €↓
  2. 2024
    Annual accounts 202447,3 k €↑
  3. 2023
    Annual accounts 202333,8 k €
  4. 27/04/2023
    IncorporationPrivate limited company