Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 65 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ForMat Efficiency from Grez-Doiceau, company number BE0553995110, closed financial year 2025 with a result of € 112,222 after tax. For that financial year ForMat Efficiency recorded a gross margin of € 234,000 and equity of € -69,040. Compared with financial year 2024, the result moved from € -210,014 to € 112,222. Profitable, and profit is growing. 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 June 17, 2026.
€ -69,040
▲ € 112,222 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 112,222
▲ still € 210,014 loss in 2024
Profit after tax over the fiscal year.
€ 105,021
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -75,240.
People and assets in 2025
€ 55,016
▲ 83% 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.
€ 47,216
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 400,000
▼ 13% vs 2024
Loans from banks and other lenders, long and short.
€ 104,482
▼ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,899
▲ 48% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 45,023 | € -26,211 | € -74,816 | € 234,000 | ▲ € 308,817 |
| Profit after taxes | € 31,545 | € -29,978 | € -210,014 | € 112,222 | ▲ € 322,236 |
| Equity | € 58,730 | € 28,752 | € -181,262 | € -69,040 | ▲ € 112,222 |
| Total debts | € 118,743 | € 102,816 | € 635,594 | € 522,455 | ▼ 18% |
| Cash | € 13,527 | € 75,434 | € 162,200 | € 105,021 | ▼ 35% |
| Retained profit | € 52,530 | € 22,552 | € -187,462 | € -75,240 | ▲ € 112,222 |
| Dividend | € 31,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 21,000 | € 21,000 | € 459,525 | € 400,000 | ▼ 13% |
| Balance sheet total | € 177,473 | € 131,568 | € 454,332 | € 453,415 |
Key figures of ForMat Efficiency, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ForMat Efficiency?
What happened at ForMat Efficiency in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 112,222. Source: NBB ↗
- Seventh Heaven became a director. NBB
- Françoise Simon became a director. NBB
- New establishment in Assesse. KBO
- New establishment in Grez-Doiceau. KBO
- Start of the company according to the CBE. KBO
In short
From € 31,545 profit in 2022 to € 112,222 profit in 2025.
Paid € 18,206 in corporate taxes since 2022.
Best year ever: 2025, with € 112,222 profit.
Paid out € 31,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind ForMat Efficiency are Françoise Simon and Seventh Heaven. The same people are also behind KRONOS.
Directors
According to the 2025 annual accounts
since 2023
since 2024
Establishments
Establishment units
Physical locations of this company
Vivier Hanquet 41
1390 Grez-Doiceau
Rue des Tiges 1
5330 Assesse
Active since 6 September 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0553.995.110
- VAT number
- BE 0553.995.110
- Registered office
- Vivier Hanquet 41, 1390 Grez-Doiceau
- Names & denominations
- ForMat Efficiency · ForMat
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 2014
- Peppol
- Active · Active since 17 Oct 2025
- Activities · NACE
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in onderdelen en accessoires van motorvoertuigen
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)