Equity
-€429,554
Debts exceed assets in financial year 2025.
BORA
Lifetime
2 annual accounts with figures on one time axispeak -€90,207 (2025)
-€90,207▲ €260,476
lowest -€351,733 (2024)
-€97,821▲ €253,913
peak -€331,733 (2024)
-€429,554▼ €97,821
€515,925▲ 18.7%
Board1 name since 2023
1 directorBlue Island
Documentsfilings and deeds
26-06-202635 days before the deadline
2025abbreviated format
Gross margin from -€350,683 to -€90,207Loss of €97,821Equity from -€331,733 to -€429,554Debts from €434,778 to €515,925
Key points
from the 2025 annual accountsResult
-€97,821 ▲ 72.2%
The result rose in 2025 from -€351,733 to -€97,821.
Debts
€515,925 597% of the balance sheet
Turnover not published (abbreviated format)
Checked score
48
Fair
Financially stronger than 11% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.8%lowest value
01-2025: 1.9%▲ +0.1 percentage points vs 12-2024
02-2025: 2.2%▲ +0.3 percentage points vs 01-2025
03-2025: 2.3%▲ +0.1 percentage points vs 02-2025
04-2025: 2.6%▲ +0.3 percentage points vs 03-2025
05-2025: 2.6%● unchanged vs 04-2025
06-2025: 2.9%▲ +0.3 percentage points vs 05-2025
07-2025: 2.8%▼ -0.1 percentage points vs 06-2025
08-2025: 2.8%● unchanged vs 07-2025
09-2025: 3.5%▲ +0.7 percentage points vs 08-2025
10-2025: 3.7%▲ +0.2 percentage points vs 09-2025
11-2025: 3.8%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 3.8%● unchanged vs 11-2025highest value
01-2026: 3.7%▼ -0.1 percentage points vs 12-2025
02-2026: 3.7%● unchanged vs 01-2026
03-2026: 3.6%▼ -0.1 percentage points vs 02-2026
04-2026: 3.6%● unchanged vs 03-2026
05-2026: 3.6%● unchanged vs 04-2026
06-2026: 3.3%▼ -0.3 percentage points vs 05-2026
07-2026: 3.1%▼ -0.2 percentage points vs 06-2026
08-2026: 3.2%▲ +0.1 percentage points vs 07-2026
09-2026: 3.5%▲ +0.3 percentage points vs 08-2026
10-2026: 3.2%▼ -0.3 percentage points vs 09-2026
11-2026: 3.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€429,554
Loss of €97,821, the second in a row (financial year 2025)
Founded in 2023
Sector: Retail trade (NACE 47)
Calculation
The band follows from the bankruptcy probability. 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 (NACE 47, micro). It does better than 6% of them on solvency, 16% on liquidity, 6% on profitability and 16% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as BORA has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BORA itself: 3.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for BORA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.02 (0.05 in 2024), below 1. Short-term debt is 597.3% and cash 13.7% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€429,554
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
35 days early
2024
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 3 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1001469867
Incorporation
Founding capital of €20,000, 120 shares · Founder: BLUE ISLAND · Appointment: BLUE ISLAND (director) · published on 24-10-2023 · Gazette deed
First establishment
Jozef De Blockstraat 57, Willebroek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BORA Willebroek | €86,371 | -€90,207 | -497.3% | - |
| distri plast Beersel | €71,240 | -€95,283 | -120.9% | - |
| AVK-PRO Zaventem | €143,700 | -€62,397 | -12.8% | - |
| TRIANTÁFYLLO Leuven | €100,423 | €1,647 | 6.3% | - |
| FAR CONSTRUCTS Zaventem | €117,638 | -€33,235 | -58.9% | - |
| ESSA Brecht | €62,273 | -€37,175 | -51.4% | - |
| IXIR BOUWMATERIALEN Antwerp | €287,808 | -€9,549 | -4.6% | - |
These companies have the same main activity as BORA: retail sale of hardware, building materials, paint and glass (general range) (NACE 47521). They are comparable in size and age: total assets between €62,300 and €288,000, founded between 2020 and 2024.
Official details
Source: KBO- Status
- Active since 20-10-2023Normal situation
- Activity
- Retail sale of hardware, building materials, paint and glass (general range)NACE 47521
- Establishment unit
- 2.351.115.7912830 Willebroek, since 20-10-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Annual accounts 2025
- €86,371▼ 16.2%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on BORA
The computed 12-month bankruptcy probability of BORA is 3.2% (moderate). The 2025 annual accounts show negative equity (-€429,554) and a net result of -€97,821.
Its solvency ranks better than 5% of 12,856 sector peers (NACE 47, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BORA
- What is the company number of BORA?
- The company number of BORA is 1001.469.867. The VAT number is the same number with BE in front: BE 1001.469.867.
- Where is BORA based?
- The registered office is at Jozef De Blockstraat 57, 2830 Willebroek.Company details
- What does BORA do?
- According to the KBO register, the main activity is retail sale of hardware, building materials, paint and glass (general range) (NACE 47521).
- What is the legal form of BORA?
- BORA is a private limited company (BV).
- When was BORA founded?
- BORA was founded on 20-10-2023.
- Is BORA still active?
- Yes, BORA is an active enterprise in the KBO register.
- What is the turnover of BORA?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is BORA profitable?
- In financial year 2025, BORA made a loss of €97,821.
- Where can I find the annual accounts of BORA?
- BORA filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BORA due?
- BORA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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