FORMAZ
0882.547.669 · rovalta.com · 23/09/2026
ACTIVE
FORMAZ
Financial year 2025 · closed on 31/12/2025
Net result
453,5 k €
+27.6% YoY
Gross margin
1,6 M €
+5.9% YoY
Equity
2,7 M €
+20.0% YoY
Workforce
9,8 ETP
-2.0% YoY
Overview
What does FORMAZ do?
FORMAZ is a Private limited company incorporated in 2006. Its main activity is: Security and investigation activities. Its registered office is in Bruxelles. It employs on average 9,8 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0882.547.669
Incorporation
14/07/2006
Legal form
Private limited company
Registered office
Rue Joseph Stevens 7
1000 Bruxelles · BruxellesSee on map
1000 Bruxelles · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
9,8 ETP
Activities (NACE)
Joint committees (2)
- 200
- 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Gross margin | 1,6 M € | +5.9% | 1,5 M € | +16.3% | 1,3 M € | +5.9% | 1,2 M € | +39.8% | 856,8 k € | +15.1% | 744,5 k € | -26.5% | 1 M € | +12.2% | 902,1 k € | -7.2% | 972,2 k € | +27.7% | 761,1 k € | +66.5% | 457,1 k € | -2.4% | 468,2 k € | -11.7% | 530 k € | +20.5% | 439,9 k € | +23.8% | 355,2 k € | +74.1% | 204 k € | +11.7% | 182,7 k € | +29.9% | 140,7 k € | +213% | 44,9 k € |
| EBITDA | 886,2 k € | +10.7% | 800,7 k € | +21.4% | 659,6 k € | +5.4% | 626 k € | +49.2% | 419,6 k € | +16.0% | 361,7 k € | -8.7% | 396,3 k € | +39.8% | 283,4 k € | -22.4% | 365,4 k € | +16.9% | 312,6 k € | +100% | 156,2 k € | -21.4% | 198,8 k € | -21.9% | 254,5 k € | +38.9% | 183,3 k € | +4.1% | 176 k € | +76.6% | 99,7 k € | -6.1% | 106,2 k € | +42.9% | 74,3 k € | +65.6% | 44,9 k € |
| Operating result | 617,1 k € | +29.5% | 476,5 k € | +15.4% | 412,8 k € | +8.8% | 379,4 k € | +33.5% | 284,1 k € | +4.9% | 270,9 k € | +0.4% | 269,9 k € | +56.5% | 172,5 k € | -32.0% | 253,7 k € | +48.0% | 171,4 k € | +390% | 35 k € | -64.2% | 97,8 k € | -36.1% | 153,1 k € | +137% | 64,5 k € | +40.7% | 45,8 k € | +1519% | -3,2 k € | -130% | 10,7 k € | +1553% | -736 € | -102% | -365 € |
| Net result | 453,5 k € | +27.6% | 355,4 k € | +18.1% | 300,9 k € | +7.1% | 281 k € | +25.3% | 224,3 k € | +5.5% | 212,6 k € | +1.0% | 210,6 k € | +56.4% | 134,7 k € | -14.6% | 157,8 k € | +49.2% | 105,7 k € | +1090% | 8,9 k € | -82.9% | 52,1 k € | +39.8% | 37,2 k € | -2.4% | 38,2 k € | -55.4% | 85,6 k € | -8.7% | 93,8 k € | -27.7% | 129,8 k € | +219% | 40,7 k € | +1090% | -4,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 2,7 M € | +20.0% | 2,3 M € | +18.5% | 1,9 M € | +18.6% | 1,6 M € | +21.1% | 1,3 M € | +12.6% | 1,2 M € | +21.8% | 973,4 k € | +19.5% | 814,9 k € | +19.8% | 680,2 k € | +30.2% | 522,5 k € | +25.4% | 416,7 k € | +2.2% | 407,8 k € | +14.6% | 355,8 k € | +11.7% | 318,5 k € | +13.6% | 280,4 k € | +43.9% | 194,8 k € | +5.3% | 185 k € | +235% | 55,2 k € | +281% | 14,5 k € |
| Total assets | 3 M € | +17.0% | 2,5 M € | +5.1% | 2,4 M € | -0.1% | 2,4 M € | -5.9% | 2,6 M € | +43.1% | 1,8 M € | +10.8% | 1,6 M € | +46.2% | 1,1 M € | +0.3% | 1,1 M € | +21.4% | 910,8 k € | +6.2% | 857,7 k € | +0.5% | 853,1 k € | +1.8% | 838,1 k € | +46.3% | 572,9 k € | -35.9% | 893,1 k € | +35.9% | 657,1 k € | +51.3% | 434,2 k € | +67.5% | 259,2 k € | +87.0% | 138,6 k € |
| Cash | 73,2 k € | -89.6% | 706,5 k € | +388% | 144,9 k € | -48.1% | 279,1 k € | +9.6% | 254,6 k € | -46.2% | 473,7 k € | -12.1% | 538,8 k € | +194% | 183,5 k € | -31.5% | 267,8 k € | +97.1% | 135,9 k € | +34.4% | 101,1 k € | -72.3% | 365,1 k € | -28.4% | 509,8 k € | +159% | 196,6 k € | +2.8% | 191,2 k € | +12.5% | 169,9 k € | +57.0% | 108,2 k € | +158% | 41,9 k € | +82.5% | 23 k € |
| Debts | 248,4 k € | -8.2% | 270,7 k € | -46.1% | 502,1 k € | -35.0% | 772,8 k € | -37.5% | 1,2 M € | +103% | 610,4 k € | -5.5% | 646,1 k € | +119% | 294,4 k € | -30.7% | 425 k € | +9.5% | 388,3 k € | -11.9% | 440,9 k € | -1.0% | 445,3 k € | -6.5% | 476 k € | +87.2% | 254,3 k € | -55.4% | 570,2 k € | +23.3% | 462,3 k € | +85.6% | 249,1 k € | +31.9% | 188,9 k € | +53.5% | 123,1 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 9,8 ETP | -2.0% | 10,0 ETP | +4.2% | 9,6 ETP | +4.3% | 9,2 ETP | +19.5% | 7,7 ETP | -10.5% | 8,6 ETP | -23.2% | 11,2 ETP | +0.9% | 11,1 ETP | -7.5% | 12,0 ETP | +30.4% | 9,2 ETP | +53.3% | 6,0 ETP | +3.4% | 5,8 ETP | -3.3% | 6,0 ETP | 0.0% | 6,0 ETP | +39.5% | 4,3 ETP | +105% | 2,1 ETP | -4.5% | 2,2 ETP | +57.1% | 1,4 ETP | – | |
Estimate
Indicative valuation
As an indication, this company is worth
between 5 M€ and 10 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 22 ended
Active mandates
Active
Active
Ended mandates
At this address
Other companies at this address
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|---|---|
1OR2BLUE ((1 OR 2 BLUE))● Active | 0466.672.542 |
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Aggregate Claims Solutions● Active | 1029.906.309 |
AKURATA● Active | 0718.831.366 |
AMALIA WEALTH● Active | 0808.729.679 |
AMANCO● Active | 1029.637.974 |
Arcas Advocaten● Active | 0644.845.409 |
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association nb-rail● Active | 0632.880.260 |
B2BDIFFUSION● Active | 0544.405.966 |
BARTLE BE● Active | 0744.395.420 |
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Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | 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 | 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 | 24/07/2026 | 23/07/2025 | 14/08/2024 | 22/08/2023 | 01/07/2022 | 24/08/2021 |
| General meeting | 27/06/2026 | 30/06/2025 | 26/06/2024 | 20/06/2023 | 18/03/2022 | 19/03/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
19 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 27/06/2026 | 24/07/2026 | Dutch | |
| Abridged model | 31/12/2024 | 30/06/2025 | 23/07/2025 | Dutch | |
| Abridged model | 31/12/2023 | 26/06/2024 | 14/08/2024 | Dutch | |
| Abridged model | 31/12/2022 | 20/06/2023 | 22/08/2023 | Dutch | |
| Abridged model | 31/12/2021 | 18/03/2022 | 01/07/2022 | Dutch | |
| Abridged model | 31/12/2020 | 19/03/2021 | 24/08/2021 | Dutch | |
| Abridged model | 31/12/2019 | 20/03/2020 | 19/08/2020 | Dutch | |
| Abridged model | 31/12/2018 | 15/03/2019 | 25/06/2019 | Dutch | |
| Abridged model | 31/12/2017 | 30/06/2018 | 30/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 30/06/2017 | 31/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 30/06/2016 | 30/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 30/06/2015 | 31/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 28/06/2014 | 19/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 28/06/2013 | 18/09/2013 | Dutch | |
| Abridged model | 31/12/2011 | 15/06/2012 | 02/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 18/03/2011 | 18/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 19/03/2010 | 26/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 20/03/2009 | 19/06/2009 | Dutch | |
| Abridged model | 31/12/2007 | 10/04/2008 | 01/07/2008 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 5 M€ and 10 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 22 ended
Active mandates
Active
Active
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Other16/06/2025STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
- Mandates28/05/2025ONTSLAGEN - BENOEMINGEN
- Mandates16/04/2024ONTSLAGEN - BENOEMINGEN
- Registered office04/09/2023MAATSCHAPPELIJKE ZETEL
- Registered office30/12/2019MAATSCHAPPELIJKE ZETEL
- Mandates07/06/2019BENAMING - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
- Mandates10/10/2018ONTSLAGEN - BENOEMINGEN
- Mandates05/11/2012ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025453,5 k €↑
- 2024Annual accounts 2024355,4 k €↑
- 2023Annual accounts 2023300,9 k €↑
- 2022Annual accounts 2022281 k €↑
- 2021Annual accounts 2021224,3 k €↑
- 2020Annual accounts 2020212,6 k €↑
- 2019Annual accounts 2019210,6 k €↑
- 2018Annual accounts 2018134,7 k €↓
- 2018Name changeFormaz
- 2017Annual accounts 2017157,8 k €↑
- 2016Annual accounts 2016105,7 k €↑
- 2015Annual accounts 20158,9 k €↓
- 2014Annual accounts 201452,1 k €↑
- 2013Annual accounts 201337,2 k €↓
- 2012Annual accounts 201238,2 k €↓
- 2011Annual accounts 201185,6 k €↓
- 2010Annual accounts 201093,8 k €↓
- 2009Annual accounts 2009129,8 k €↑
- 2008Annual accounts 200840,7 k €↑
- 2007Annual accounts 2007-4,1 k €
- 2007Name change@thetys
- 14/07/2006IncorporationPrivate limited company