BORA CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of BORA CONSTRUCT is 2.1% (moderate). The 2024 annual accounts show equity of €209k and a net result of €33k. Equity is growing by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 61% of 36378 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▼-9
Solvency82▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.49 in 2023; short-term debt: 38.4% and cash: 4% of total assets), and 43.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
51 d late
2022
65 d late
2021
75 d late
2020
52 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€209k▲ 18.5%
2023 · €176k
2020: €57k
2021: €78k
2022: €126k
2023: €176k
2020 → 2024
Total assets
€369k▲ 16.1%
2023 · €318k
2020: €92k
2021: €179k
2022: €273k
2023: €318k
2020 → 2024
Net result
€33k▼ 35.3%
2023 · €50k
2020: €50k
2021: €21k
2022: €48k
2023: €50k
2020 → 2024
Working capital
€196k▲ 20.8%
2023 · €163k
2020: €43k
2021: €63k
2022: €106k
2023: €163k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€57k-€78k▲ 37.7%€126k▲ 61.4%€176k▲ 40.0%€209k▲ 18.5%
Operating result€65k-€12k▼ 81.6%€66k▲ 451%€70k▲ 6.8%€49k▼ 30.8%
Net result€50k-€21k▼ 57.7%€48k▲ 125%€50k▲ 5.0%€33k▼ 35.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €369k
Fixed assets
€31k▼ 32.6%
Current assets
€338k▲ 24.3%
Equity and liabilities €369k
Equity
€209k▲ 18.5%
Debt
€160k▲ 13.0%
The debt ratio falls from 44.6% to 43.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€68k▼
2023 · €89k
Cash flow
€52k▼
2023 · €70k
Solvency
56.6%▲
2023 · 55.4%
Current ratio
2.39▼
2023 · 2.49
Quick ratio
2.39▼
2023 · 2.49
Debt / equity
0.77▼
2023 · 0.80
ROE
15.6%▼
2023 · 28.6%
ROA
8.8%▼
2023 · 15.8%
Interest coverage
31.00▲
2023 · 30.28
Debt
€160k▲
2023 · €142k
Debt ≤ 1 year
€142k▲
2023 · €109k
Debt > 1 year
€19k▼
2023 · €32k
Income taxes
€16k▼
2023 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€318k€369k▲
Fixed assets21/28€46k€31k▼
Tangible fixed assets22/27€46k€31k▼
Plant, machinery and equipment23€587€351▼
Furniture and vehicles24€45k€31k▼
Current assets29/58€272k€338k▲
Amounts receivable within one year40/41€266k€323k▲
Trade receivables40€82k€108k▲
Other amounts receivable41€185k€215k▲
Cash at bank and in hand54/58€5k€15k▲
Deferred charges and accrued income490/1€547€564▲
Equity and liabilities
Total equity and liabilities10/49€318k€369k▲
Equity10/15€176k€209k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€170k€203k▲
Amounts payable17/49€142k€160k▲
Amounts payable after more than one year17€32k€19k▼
Financial debts170/4€32k€19k▼
Amounts payable within one year42/48€109k€142k▲
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€55k€84k▲
Suppliers440/4€55k€84k▲
Taxes, remuneration and social security45€38k€40k▲
Taxes450/3€29k€33k▲
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48€3k€4k▲
Income statement
Code20232024
Remuneration, social security and pensions62€10-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€19k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6k
Other operating charges640/8€3k€15k▲
Gross operating margin9900€92k€89k▼
Operating profit (loss)9901€70k€49k▼
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€67k€48k▼
Income taxes67/77€17k€16k▼
Profit (loss) for the period9904€50k€33k▼
Profit (loss) for the period to be appropriated9905€50k€33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€170k€203k▲
Profit (loss) brought forward from the previous period14P€120k€170k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €209k ▲18.5%
5 profitable years in a row build equity to €209k.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-12
Financial
Equity above €150kEq €176k ▲40%
4 profitable years in a row build equity to €176k.
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
31-12
Financial
Equity above €100kEq €126k ▲61.4%
3 profitable years in a row build equity to €126k.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Weakest financial yearnet €21k ▼57.7%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wolvertemsesteenweg 2631850 GrimbergenGround area
423 m²
Building footprint
93 m²
Volume, LiDAR
595 m³
Parcel 23403F0130/00R002, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BORA CONSTRUCT
since 20192.286.460.739
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23403F0130/00R002 | Flanders | 423 m² | 1 · 93 m² | 10.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HUYBRECHTS
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MICHEL INVEST
BE 0838.802.550
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BOSTEELS METAALCONSTRUCTIE
BE 0477.982.346
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KAESEMANS METAALBOUW
BE 0476.802.213
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HOSTYN
BE 0464.859.731
Roeselare · Eq €209k
Of 20,026 companies in sector 43320 we hold annual accounts for 9,135. 7,370 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2019
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43342Specialised construction activities
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.