Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2025
Formafoam België from Houthalen-Helchteren, company number BE0423060649, closed financial year 2025 with a result of € -63,973 after tax. For that financial year Formafoam België recorded a gross margin of € 426,130 and equity of € -2 million. Compared with financial year 2024, the result moved from € -1.5 million to € -63,973. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 5, 2026.
€ -2 million
▼ € 63,973 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -63,973
▲ 96 % less loss than in 2024
Profit after tax over the fiscal year.
€ 53,345
▲ 128% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.1 million.
People and assets in 2025
€ 474,382
▼ 43% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,191
▼ 6% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 725,000
Loans from banks and other lenders, long and short.
€ 46,494
▲ 173% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 102,113
▼ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,385,285 | € 785,190 | € 693,310 | € 426,130 | ▼ 39% |
| Profit after taxes | € -274,306 | € -347,784 | € -1,450,863 | € -63,973 | ▲ € 1.4 million |
| Equity | € -140,021 | € -487,805 | € -1,938,668 | € -2,002,641 | ▼ € 63,973 |
| Total debts | € 630,854 | € 716,196 | € 871,520 | € 890,237 | ▲ 2% |
| Cash | € 104,131 | € 891 | € 23,374 | € 53,345 | ▲ 128% |
| Retained profit | € -202,521 | € -550,305 | € -2,001,168 | € -2,065,141 | ▼ € 63,973 |
| Bank debt | € 470,000 | € 620,657 | € 725,000 | € 725,000 | |
| Balance sheet total | € 490,833 | € 228,391 | € 193,195 | € 147,939 | ▼ 23% |
| Employees (FTE) | 38.5 | 33.9 | 28.7 | - |
Key figures of Formafoam België, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 1 February 2027.
What happened to Formafoam België?
What happened at Formafoam België in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Formafoam België is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- Erich Thönnes stepped down as director. NBB
- Guido Klein stepped down as director. NBB
- Alfred Bourseaux stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 63,973. filed late Source: NBB ↗
- Erich Thönnes became a director. NBB
- Guido Klein became a director. NBB
- Alfred Bourseaux became a director. NBB
- New establishment in Houthalen-Helchteren. KBO
In short
From € 274,306 loss in 2022 to € 63,973 loss in 2025.
On average € 24,200 of value added per employee in 2024.
Management
The stake of Serpo comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Formafoam BelgiëThe shares are held by Serpo (95%).
Directors
According to the 2025 annual accounts
since 2018 · until 2029
since 2018 · until 2029
Shareholders
95%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Europark 1070
3530 Houthalen-Helchteren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.060.649
- VAT number
- BE 0423.060.649
- Registered office
- Europark 1070, 3530 Houthalen-Helchteren
- Names & denominations
- Formafoam België
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 1 July 1982
- Peppol
- Not registered
- Activities · NACE
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