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 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FORMWORK BELGIAN from Zaventem, company number BE0744917636, closed financial year 2025 with a result of € -49,017 after tax. For that financial year FORMWORK BELGIAN recorded a gross margin of € -17,063 and equity of € -71,488. Compared with financial year 2024, the result moved from € -8,476 to € -49,017. 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 August 31, 2026.
€ -71,488
▼ € 49,017 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -49,017
▼ 478 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -81,488.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 30,835
▲ 33% 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.
Debts at end 2025
€ 91
Loans from banks and other lenders, long and short.
€ 6,345
Supplier invoices still open on the last day of the fiscal year.
€ 8,500
▲ 299% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 114,944 | € 34,220 | € 18,999 | € -17,063 | ▼ € 36,062 |
| Profit after taxes | € -59,168 | € 25,931 | € -8,476 | € -49,017 | ▼ € 40,540 |
| Equity | € -39,926 | € -13,995 | € -22,471 | € -71,488 | ▼ € 49,017 |
| Total debts | € 88,632 | € 61,427 | € 65,372 | € 76,277 | ▲ 17% |
| Cash | € 264 | € 4,534 | € 1,490 | - | |
| Retained profit | € -49,926 | € -23,995 | € -32,471 | € -81,488 | ▼ € 49,017 |
| Bank debt | € 0 | € 0 | € 0 | € 91 | |
| Balance sheet total | € 48,706 | € 47,432 | € 42,901 | € 4,789 | ▼ 89% |
Key figures of FORMWORK BELGIAN, 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 FORMWORK BELGIAN?
What happened at FORMWORK BELGIAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 49,017. filed late Source: NBB ↗
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 59,168 loss in 2022 to € 49,017 loss in 2025.
Best year ever: 2023, with € 25,931 profit.
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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 FORMWORK BELGIAN is Rafal Guza. Rafal Guza is also behind International Construction Service.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Parklaan 59 box 3
1930 Zaventem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0744.917.636
- VAT number
- BE 0744.917.636
- Registered office
- Parklaan 59 bus 3, 1930 Zaventem
- Names & denominations
- FORMWORK BELGIAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 10 March 2020
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Metselwerk
Algemene bouw van residentiële gebouwen
Uitvoeren van metsel- en voegwerken