Skip to content

BOORTMALT

Active
Public limited companyfounded 198342 years activeZandvoort 2, 2030 Antwerpen, BelgiumKBO/BCE: BE 0425.041.726
Summary

BOORTMALT has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89.7m and a net result of -€32.5m. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 103 sector peers (NACE 11, fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Manufacture of beverages
NACE 11060
#1 company by total assets in Belgium, Beverages sector1 site
Size
€502.6mturnover 2025
Staff
73.4 FTE
Equity
€89.7m
Loss
-€32.5m
Financial health
87 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.2%
Structure
Parent
COPAGEST · 99.99%
Board
5 members
Holdings
17
Auditor: Forvis Mazars Réviseurs d’EntreprisesAccounts 82 days early
Why 87- Equity €89.7m (10.8% of total assets)- Loss of €32.5m, the second in a row (FY 2025)+ Size: turnover €502.6m, 73.4 FTE, total assets €829.9m+ Founded in 1983Show the evidence

Checked score

Score 2025
87 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 24% of its sector peers (all companies)
Financial strength · tick = 2024
Weak
Solvency 36-7
equity 10.8% of total assets
Liquidity 46+20
short-term debt 48.5% · cash 16.4%
Profitability 21-8
return on assets -3.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (20 companies)
Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025highest value 01-2026: 0.2%● unchanged vs 12-2025highest value 02-2026: 0.2%● unchanged vs 01-2026highest value 03-2026: 0.2%● unchanged vs 02-2026highest value 04-2026: 0.2%● unchanged vs 03-2026highest value 05-2026: 0.2%● unchanged vs 04-2026highest value 06-2026: 0.2%● unchanged vs 05-2026highest value 07-2026: 0.2%● unchanged vs 06-2026highest value 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026
Credit up to €7,800,000 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.05 in 2024; short-term debt: 48.5% and cash: 16.4% of total assets), but 89.2% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 19% on solvency, 54% on liquidity, 16% on profitability and 8% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals.
−lowers risk+raises risk○neutral
raises risk · Equity €89.7m (10.8% of total assets)
NBB · annual accounts
raises risk · Loss of €32.5m, the second in a row (FY 2025)
NBB · annual accounts
lowers risk · Size: turnover €502.6m, 73.4 FTE, total assets €829.9m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1983
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€32.5m
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 103 sector peers (2025).
NBB · sector comparison
Position among 103 sector peers
Solvency
better than 24%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-11-2025, 82 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
82 days early
2024
74 days early
2023
61 days early
2022
28 days early
2021
63 days early
2020
69 days early
2019
67 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 63 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 43% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 November (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close07-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignation: Jean-François Loiseau (director)Appointment: David Henri Marcel Gonin…
  2. Reappointments: Jean-François Loiseau, Bernard Poncelet BV…Permanent representatives: Bernard Poncelet and…
  3. Permanent representatives: Anton Nuttens and Thomas…Power of attorney

Key points

  • Caution: Result fell in 2025from -€9.8m to -€32.5m ▼ 231% View
  • Caution: Among the weakest 5% on net resultsector median €34,060 · 104 companies -€32.5m View
  • Controlled by COPAGESTultimately: AXEREAL 99.99% View
  • Board changedlatest change 04-08-2026 · 5 in office 2 joined · 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€32.5m View
  • Flemish supportawarded 2022 - 2025 €1.8m View

By topic

Financials

Fiscal year
2025
Turnover
€502.6m
Loss
-€32.5m
Solvency
10.8%
Turnover▼ 18.8%
Net result
20192025
Go to Financials

Board & ownership

Board
5 members
Parent
COPAGEST · 99.99%
Auditor
Forvis Mazars Réviseurs d’Entreprises
Go to Board & ownership

Timeline

Events
40
Since
2005
Next accounts
by 31-01-2027
  1. 10-11-2025Annual accounts filed
  2. 18-11-2024Annual accounts filed
  3. 09-07-2024Appointment: TINCC BV (gedelegeerde tot het dagelijks…
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of beveragesNACE 11060
Founded
21-12-1983
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
3
Purpose
De fabricage van en de handel in mout en derivaten en, in het algemeen, alle producten die…
Go to Articles of association

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.