What does FORMETCO do?

FORMETCO is a wholesaler in Deinze. Public Limited, started on 12 January 1983, 1 establishment.

What is the address of FORMETCO?

The registered office of FORMETCO is located at Vaartlaan 22, 9800 Deinze.

Is FORMETCO still active?

Yes. According to the CBE (30 October 2026) FORMETCO is active, legal situation “Normale toestand”, started on 12 January 1983.

Is FORMETCO registered on Peppol?

Yes, FORMETCO is registered on the Peppol network with ID 0208:0423466168.

What is the enterprise number of FORMETCO?

The enterprise number of FORMETCO is BE0423466168.

When was FORMETCO founded?

FORMETCO was founded on 12 January 1983.

Who are the directors of FORMETCO?

According to the 2024 annual accounts, the directors of FORMETCO are: JOSEPHUS VANDEWALLE.

Is FORMETCO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 12 January 1983; 4 annual accounts filed, latest fiscal year 2024; 1 directors known from the annual account.

How much profit did FORMETCO make in 2024?

FORMETCO posted a profit after taxes of € 33,871 in financial year 2024.

What is the revenue of FORMETCO?

As a small company, FORMETCO is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 73,904.

FORMETCO (Public Limited) - Deinze - BE0423466168

Dossier FORMETCO, printed on 30 October 2026 from databakkes.be/en/0423466168/formetco. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2024

FORMETCO from Deinze, company number BE0423466168, closed financial year 2024 with a result of € 33,871 after tax. For that financial year FORMETCO recorded a gross margin of € 73,904 and equity of € 2.3 million. Compared with financial year 2023, the result moved from € 688,003 to € 33,871. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 13, 2025.

What it is worth Growing

€ 2.3 million

▲ 2% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 33,871

▼ 95% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 52,639

▲ 78% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € 2.2 million.

Debts at end 2024

Bank debt

€ 381,384

▼ 4% vs 2023

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 1,216

▲ 261% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 65,540

▲ 26% vs 2023

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 247,643 Gross margin 2021: € 247,643 First fiscal year in the series	€ 75,839 Gross margin 2022: € 75,839 ▼ 69% vs 2021 (€ 247,643) Unfavourable step	€ 81,811 Gross margin 2023: € 81,811 ▲ 8% vs 2022 (€ 75,839) Favourable step	€ 73,904 Gross margin 2024: € 73,904 ▼ 10% vs 2023 (€ 81,811) Unfavourable step	▼ 10%
Profit after taxes	€ 207,182 Profit after taxes 2021: € 207,182 First fiscal year in the series	€ 93,524 Profit after taxes 2022: € 93,524 ▼ 55% vs 2021 (€ 207,182) Unfavourable step	€ 688,003 Profit after taxes 2023: € 688,003 ▲ € 594,479 vs 2022 (€ 93,524) Favourable step	€ 33,871 Profit after taxes 2024: € 33,871 ▼ 95% vs 2023 (€ 688,003) Unfavourable step	▼ 95%
Equity	€ 1,473,150 Equity 2021: € 1,473,150 First fiscal year in the series	€ 1,566,674 Equity 2022: € 1,566,674 ▲ 6% vs 2021 (€ 1,473,150) Favourable step	€ 2,254,677 Equity 2023: € 2,254,677 ▲ 44% vs 2022 (€ 1,566,674) Favourable step	€ 2,288,548 Equity 2024: € 2,288,548 ▲ 2% vs 2023 (€ 2,254,677) Favourable step	▲ 2%
Total debts	€ 716,286 Total debts 2021: € 716,286 First fiscal year in the series	€ 681,989 Total debts 2022: € 681,989 ▼ 5% vs 2021 (€ 716,286) Favourable step	€ 719,561 Total debts 2023: € 719,561 ▲ 6% vs 2022 (€ 681,989) Unfavourable step	€ 565,329 Total debts 2024: € 565,329 ▼ 21% vs 2023 (€ 719,561) Favourable step	▼ 21%
Cash	€ 11,432 Cash 2021: € 11,432 First fiscal year in the series	€ 28,543 Cash 2022: € 28,543 ▲ 150% vs 2021 (€ 11,432) Favourable step	€ 29,588 Cash 2023: € 29,588 ▲ 4% vs 2022 (€ 28,543) Favourable step	€ 52,639 Cash 2024: € 52,639 ▲ 78% vs 2023 (€ 29,588) Favourable step	▲ 78%
Land & buildings	€ 43,342 Land & buildings 2021: € 43,342 First fiscal year in the series	€ 37,780 Land & buildings 2022: € 37,780 ▼ 13% vs 2021 (€ 43,342) Unchanged	€ 32,218 Land & buildings 2023: € 32,218 ▼ 15% vs 2022 (€ 37,780) Unchanged	€ 26,656 Land & buildings 2024: € 26,656 ▼ 17% vs 2023 (€ 32,218) Unchanged	▼ 17%
Retained profit	€ 1,411,150 Retained profit 2021: € 1,411,150 First fiscal year in the series	€ 1,504,674 Retained profit 2022: € 1,504,674 ▲ 7% vs 2021 (€ 1,411,150) Favourable step	€ 2,192,677 Retained profit 2023: € 2,192,677 ▲ 46% vs 2022 (€ 1,504,674) Favourable step	€ 2,226,548 Retained profit 2024: € 2,226,548 ▲ 2% vs 2023 (€ 2,192,677) Favourable step	▲ 2%
Bank debt	€ 558,260 Bank debt 2021: € 558,260 First fiscal year in the series	€ 505,164 Bank debt 2022: € 505,164 ▼ 10% vs 2021 (€ 558,260) Favourable step	€ 398,378 Bank debt 2023: € 398,378 ▼ 21% vs 2022 (€ 505,164) Favourable step	€ 381,384 Bank debt 2024: € 381,384 ▼ 4% vs 2023 (€ 398,378) Favourable step	▼ 4%
Balance sheet total	€ 2,189,435 Balance sheet total 2021: € 2,189,435 First fiscal year in the series	€ 2,248,663 Balance sheet total 2022: € 2,248,663 ▲ 3% vs 2021 (€ 2,189,435) Unchanged	€ 2,974,238 Balance sheet total 2023: € 2,974,238 ▲ 32% vs 2022 (€ 2,248,663) Unchanged	€ 2,853,877 Balance sheet total 2024: € 2,853,877 ▼ 4% vs 2023 (€ 2,974,238) Unchanged	▼ 4%

Key figures of FORMETCO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to FORMETCO?

What happened at FORMETCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Oct 13, 2025 New annual accounts for financial year 2024: profit of € 33,871 (▼ 95% vs 2023). filed late Source: NBB ↗
2022 JOSEPHUS VANDEWALLE became a director. NBB
May 26, 1984 New establishment in Deinze. KBO
Jan 12, 1983 Start of the company according to the CBE. KBO

In short

From € 207,182 profit in 2021 to € 33,871 profit in 2024.

Paid € 110,030 in corporate taxes since 2021.

Best year ever: 2023, with € 688,003 profit.

Original PDFs at the National Bank ↗

Management

JOSEPHUS VANDEWALLE

FORMETCO

Let Engineering 100%

DELTRO systeemtechniek 99.6%

L.E.T. 99.6%

LET AUTOMOTIVE 72%

Behind FORMETCO is JOSEPHUS VANDEWALLE. It owns 100% of Let Engineering, 99.6% of DELTRO systeemtechniek, 99.6% of L.E.T., 72% of LET AUTOMOTIVE and 45% of Let optomecanica Praha itself.

Directors

According to the 2024 annual accounts

JOSEPHUS VANDEWALLE

Director

Also active at: Laboratorium voor Electronische Toepassingen L.E.T., LET AUTOMOTIVE, DELTRO SYSTEEMTECHNIEK

since 2022

Establishments

Establishment units

Physical locations of this company

Registered office

Vaartlaan 22

9800 Deinze

2.026.136.889

Vaartlaan 28

9800 Deinze

Active since 26 May 1984

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0423.466.168

VAT number

BE 0423.466.168

Registered office

Vaartlaan 22, 9800 Deinze

Names & denominations

FORMETCO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

12 January 1983

Peppol

Active · Active since 3 Sept 2025

Activities · NACE

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View on CBE Public ↗ Annual accounts (NBB) ↗

FORMETCO

Financials

What happened to FORMETCO?

Management

Directors

Establishments

Establishment units

Details

Frequently asked questions