What does FORMULA-AIR do?

FORMULA-AIR is a wholesaler in Perwez. Private Limited, started on 29 July 2022, 1 establishment.

What is the address of FORMULA-AIR?

The registered office of FORMULA-AIR is located at Rue des Dizeaux 4, 1360 Perwez.

Is FORMULA-AIR still active?

Yes. According to the CBE (30 October 2026) FORMULA-AIR is active, legal situation “Normale toestand”, started on 29 July 2022.

Is FORMULA-AIR registered on Peppol?

Yes, FORMULA-AIR is registered on the Peppol network with ID 0208:0789389562.

What is the enterprise number of FORMULA-AIR?

The enterprise number of FORMULA-AIR is BE0789389562.

When was FORMULA-AIR founded?

FORMULA-AIR was founded on 29 July 2022.

Who are the directors of FORMULA-AIR?

According to the 2025 annual accounts, the directors of FORMULA-AIR are: Formula-Air Group SRL.

Is FORMULA-AIR a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 29 July 2022; 4 annual accounts filed, latest fiscal year 2025; 1 directors known from the annual account.

How much profit did FORMULA-AIR make in 2025?

FORMULA-AIR posted a profit after taxes of € 80,350 in financial year 2025.

What is the revenue of FORMULA-AIR?

As a small company, FORMULA-AIR is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,993,302.

How much does an employee at FORMULA-AIR earn?

The average wage cost per full-time employee at FORMULA-AIR was € 70,100 in 2025: staff costs of € 1.7 million for 24.5 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does FORMULA-AIR have?

According to the 2025 annual accounts, FORMULA-AIR has 24.5 full-time equivalents (FTE).

FORMULA-AIR (Private Limited) - Perwez - BE0789389562

Dossier FORMULA-AIR, printed on 30 October 2026 from databakkes.be/en/0789389562/formula-air. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 31.4 to 24.5.

Financials

Financial year 2025

FORMULA-AIR from Perwez, company number BE0789389562, closed financial year 2025 with a result of € 80,350 after tax. For that financial year FORMULA-AIR recorded a gross margin of € 2 million and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 75,944 to € 80,350. Profitable, and profit is growing. 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 June 9, 2026.

What it is worth Growing

€ 1.9 million

▲ 4% vs 2024

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

Profit Growing

€ 80,350

▲ 6% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 6,173

▼ 24% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.8 million.

People and assets in 2025

Full-time equivalents

24.5

▼ 1.3 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 1.7 million

▲ 1% vs 2024

€ 70,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 65,539

▼ 15% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.1 million

▲ 8% vs 2024

€ 43,750 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 1.4 million

▲ 10% vs 2024

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

Taxes and wages

€ 203,815

▲ 39% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 16,845,972 Revenue 2022: € 16,845,972 First fiscal year in the series	€ 15,526,992 Revenue 2023: € 15,526,992 ▼ 8% vs 2022 (€ 16,845,972) Unfavourable step	€ 14,884,617 Revenue 2024: € 14,884,617 ▼ 4% vs 2023 (€ 15,526,992) Unfavourable step	-
Gross margin	-	-	-	€ 1,993,302 Gross margin 2025: € 1,993,302 First fiscal year in the series
Profit after taxes	€ 228,542 Profit after taxes 2022: € 228,542 First fiscal year in the series	€ 66,900 Profit after taxes 2023: € 66,900 ▼ 71% vs 2022 (€ 228,542) Unfavourable step	€ 75,944 Profit after taxes 2024: € 75,944 ▲ 14% vs 2023 (€ 66,900) Favourable step	€ 80,350 Profit after taxes 2025: € 80,350 ▲ 6% vs 2024 (€ 75,944) Favourable step	▲ 6%
Equity	€ 1,642,905 Equity 2022: € 1,642,905 First fiscal year in the series	€ 1,709,806 Equity 2023: € 1,709,806 ▲ 4% vs 2022 (€ 1,642,905) Favourable step	€ 1,785,750 Equity 2024: € 1,785,750 ▲ 4% vs 2023 (€ 1,709,806) Favourable step	€ 1,866,099 Equity 2025: € 1,866,099 ▲ 4% vs 2024 (€ 1,785,750) Favourable step	▲ 4%
Total debts	€ 3,524,273 Total debts 2022: € 3,524,273 First fiscal year in the series	€ 3,170,213 Total debts 2023: € 3,170,213 ▼ 10% vs 2022 (€ 3,524,273) Favourable step	€ 2,499,141 Total debts 2024: € 2,499,141 ▼ 21% vs 2023 (€ 3,170,213) Favourable step	€ 2,755,944 Total debts 2025: € 2,755,944 ▲ 10% vs 2024 (€ 2,499,141) Unfavourable step	▲ 10%
Cash	€ 9,320 Cash 2022: € 9,320 First fiscal year in the series	€ 4,662 Cash 2023: € 4,662 ▼ 50% vs 2022 (€ 9,320) Unfavourable step	€ 8,070 Cash 2024: € 8,070 ▲ 73% vs 2023 (€ 4,662) Favourable step	€ 6,173 Cash 2025: € 6,173 ▼ 24% vs 2024 (€ 8,070) Unfavourable step	▼ 24%
Retained profit	€ 1,624,958 Retained profit 2022: € 1,624,958 First fiscal year in the series	€ 1,691,858 Retained profit 2023: € 1,691,858 ▲ 4% vs 2022 (€ 1,624,958) Favourable step	€ 1,767,802 Retained profit 2024: € 1,767,802 ▲ 4% vs 2023 (€ 1,691,858) Favourable step	€ 1,848,152 Retained profit 2025: € 1,848,152 ▲ 5% vs 2024 (€ 1,767,802) Favourable step	▲ 5%
Bank debt	€ 1,735,163 Bank debt 2022: € 1,735,163 First fiscal year in the series	€ 1,482,739 Bank debt 2023: € 1,482,739 ▼ 15% vs 2022 (€ 1,735,163) Favourable step	€ 1,014,447 Bank debt 2024: € 1,014,447 ▼ 32% vs 2023 (€ 1,482,739) Favourable step	€ 1,094,373 Bank debt 2025: € 1,094,373 ▲ 8% vs 2024 (€ 1,014,447) Unfavourable step	▲ 8%
Balance sheet total	€ 5,167,178 Balance sheet total 2022: € 5,167,178 First fiscal year in the series	€ 4,880,019 Balance sheet total 2023: € 4,880,019 ▼ 6% vs 2022 (€ 5,167,178) Unchanged	€ 4,284,890 Balance sheet total 2024: € 4,284,890 ▼ 12% vs 2023 (€ 4,880,019) Unchanged	€ 4,622,044 Balance sheet total 2025: € 4,622,044 ▲ 8% vs 2024 (€ 4,284,890) Unchanged	▲ 8%
Employees (FTE)	41.4 Employees (FTE) 2022: 41.4 First fiscal year in the series	31.4 Employees (FTE) 2023: 31.4 ▼ 10 vs 2022 (41.4) Unchanged	25.8 Employees (FTE) 2024: 25.8 ▼ 5.6 vs 2023 (31.4) Unchanged	24.5 Employees (FTE) 2025: 24.5 ▼ 1.3 vs 2024 (25.8) Unchanged	▼ 1.3

Key figures of FORMULA-AIR, 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 FORMULA-AIR?

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

Jun 9, 2026 New annual accounts for financial year 2025: profit of € 80,350 (▲ 6% vs 2024). Source: NBB ↗
Aug 4, 2022 New establishment in Perwez. KBO
Jul 29, 2022 Start of the company according to the CBE. KBO

In short

From € 228,542 profit in 2022 to € 80,350 profit in 2025.

Paid € 203,701 in corporate taxes since 2022.

Best year ever: 2022, with € 228,542 profit.

On average € 81,400 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Formula-Air Group SRL

FORMULA-AIR

Behind FORMULA-AIR is Formula-Air Group SRL.

Directors

According to the 2025 annual accounts

Formula-Air Group SRL

Director · represented by Jeroen Zweegers

Establishments

Establishment units

Physical locations of this company

Registered office

Rue des Dizeaux 4

1360 Perwez

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 →

ARAS IMMO

€ 259,921 gross margin · 2025

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

Details

Company number

0789.389.562

VAT number

BE 0789.389.562

Registered office

Rue des Dizeaux 4, 1360 Perwez

Names & denominations

FORMULA-AIR

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

29 July 2022

Peppol

Active · Active since 18 Dec 2025

Activities · NACE

Groothandel in elektrisch materiaal, inclusief installatiemateriaal

Groothandel in gereedschapswerktuigen

View on CBE Public ↗ Annual accounts (NBB) ↗

FORMULA-AIR

Warning lights

Financials

What happened to FORMULA-AIR?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions