Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Formads from Westerlo, company number BE0739588574, closed financial year 2025 with a result of € -7,258 after tax. For that financial year Formads recorded a gross margin of € 33,322 and equity of € 20,123. Compared with financial year 2024, the result moved from € -884 to € -7,258. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 20,123
▼ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7,258
▼ 722 % more loss than in 2024
Profit after tax over the fiscal year.
€ 17,717
▲ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 123.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 17,854
▲ 18% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 26,976
▲ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,938
▲ 65% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 24,687 | € 15,898 | € 19,556 | € 33,322 | ▲ 70% |
| Profit after taxes | € 7,541 | € 2 | € -884 | € -7,258 | ▼ € 6,375 |
| Equity | € 28,263 | € 28,265 | € 27,381 | € 20,123 | ▼ 27% |
| Total debts | € 36,948 | € 22,031 | € 27,758 | € 37,914 | ▲ 37% |
| Cash | € 16,520 | € 3,869 | € 9,225 | € 17,717 | ▲ 92% |
| Land & buildings | € 7,175 | € 14,715 | € 10,580 | € 6,444 | ▼ 39% |
| Retained profit | € 8,263 | € 8,265 | € 7,381 | € 123 | ▼ 98% |
| Dividend | € 11,765 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 65,211 | € 50,295 | € 55,140 | € 58,037 | ▲ 5% |
Key figures of Formads, 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 Formads?
What happened at Formads in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 7,258. Source: NBB ↗
- New establishment in Westerlo. KBO
- Diederik Fory became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 7,541 profit in 2022 to € 7,258 loss in 2025.
Paid € 11,953 in corporate taxes since 2022.
Best year ever: 2022, with € 7,541 profit.
Paid out € 11,765 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
Directors
According to the 2025 annual accounts
Diederik Fory
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Ottersweier 2 box 2
2260 Westerlo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0739.588.574
- VAT number
- BE 0739.588.574
- Registered office
- Ottersweier 2 bus 2, 2260 Westerlo
- Names & denominations
- Formads
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 2019
- Peppol
- Active · Active since 7 Oct 2025
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