BORABO
ActiveSummary
BORABO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €384,011. Equity is growing by ~4.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▲+23
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 12.48 against 10.7 in 2024; short-term debt: 3.5% and cash: 1.1% of total assets), and 4.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.8%
Return on assets
23.5%
Age of the figures
9 mo
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
20 d late
2023
26 d late
2022
178 d late
2021
28 d late
2020
24 d late
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 27 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (4 of the last 5 filed years within 80 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.6m▲ 32.5%
2024 · €1.2m
Total assets
€1.6m▲ 35.4%
2024 · €1.2m
Net result
€384,011▲ 526%
2024 · €61,298
Working capital
€661,185▲ 228%
2024 · €201,601
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€52,827▲ 110%€62,885▲ 19.0%€62,715▼ 0.3%€75,128▲ 19.8%€561,744▲ 648%
Net result€40,965▲ 104%€46,728▲ 14.1%€49,278▲ 5.5%€61,298▲ 24.4%€384,011▲ 526%
Equity€1.0m▲ 4.2%€1.1m▲ 4.6%€1.1m▲ 4.6%€1.2m▲ 5.5%€1.6m▲ 32.5%
Total assets€1.0m▲ 4.6%€1.1m▲ 5.6%€1.1m▲ 4.6%€1.2m▲ 5.6%€1.6m▲ 35.4%
Debt€11,606▲ 66.2%€22,344▲ 92.5%€23,133▲ 3.5%€25,825▲ 11.6%€68,614▲ 166%
Working capital€174,162▲ 38.3%€194,431▲ 11.6%€115,915▼ 40.4%€201,601▲ 73.9%€661,185▲ 228%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 648% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€914,778 ▼ 7.1%
Current assets
€718,762 ▲ 223%
Equity and liabilities €1.6m
Equity
€1.6m ▲ 32.5%
Debt
€68,614 ▲ 166%
Debt's share of the balance-sheet total rises from 2.1% to 4.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€602,112▲
2024 · €115,928
Cash flow
€424,380▲
2024 · €102,097
Current ratio
12.48▲
2024 · 10.70
Debt to equity
0.04▲
2024 · 0.02
ROE
24.5%▲
2024 · 5.2%
ROA
23.5%▲
2024 · 5.1%
Interest coverage
1762.11▲
2024 · 365.82
Debt ≤ 1 year
€57,577▲
2024 · €20,788
Debt > 1 year
€5,037=
2024 · €5,037
Income taxes
€178,951▲
2024 · €15,268
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €564,824 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,576 | €34,566 | €40,621 | €40,800 | €40,369 | ▼ 1.1% |
| Other operating charges640/8 | €18,494 | €19,023 | €20,615 | €21,389 | €43,907 | ▲ 105% |
| Gross operating margin9900 | €102,897 | €116,474 | €123,951 | €137,317 | €646,019 | ▲ 370% |
| Operating profit (loss)9901 | €52,827 | €62,885 | €62,715 | €75,128 | €561,744 | ▲ 648% |
| Financial income75/76B | €0 | €145 | - | €1,754 | €1,561 | ▼ 11.1% |
| Recurring financial income75 | €0 | €145 | - | €163 | €1,561 | ▲ 858% |
| Non-recurring financial income76B | - | - | - | €1,592 | - | - |
| Financial charges65/66B | €250 | €274 | €246 | €317 | €342 | ▲ 7.8% |
| Recurring financial charges65 | €250 | €274 | €246 | €317 | €342 | ▲ 7.8% |
| Profit (loss) for the period before taxes9903 | €52,577 | €62,756 | €62,469 | €76,565 | €562,962 | ▲ 635% |
| Income taxes67/77 | €11,612 | €16,028 | €13,191 | €15,268 | €178,951 | ▲ 1,072% |
| Profit (loss) for the period9904 | €40,965 | €46,728 | €49,278 | €61,298 | €384,011 | ▲ 526% |
| Profit (loss) for the period to be appropriated9905 | €40,965 | €46,728 | €49,278 | €61,298 | €384,011 | ▲ 526% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.1m | €1.1m | €1.2m | €1.6m | ▲ 35.4% |
| Fixed assets21/28 | €856,079 | €883,163 | €1.0m | €984,351 | €914,778 | ▼ 7.1% |
| Tangible fixed assets22/27 | €856,079 | €883,163 | €1.0m | €984,351 | €914,778 | ▼ 7.1% |
| Land and buildings22 | €853,556 | €876,831 | €1.0m | €980,330 | €911,282 | ▼ 7.0% |
| Plant, machinery and equipment23 | €2,523 | €6,332 | €4,546 | €4,021 | €3,496 | ▼ 13.1% |
| Current assets29/58 | €179,139 | €209,522 | €132,420 | €222,389 | €718,762 | ▲ 223% |
| Amounts receivable within one year40/41 | - | - | - | - | €6,009 | - |
| Other amounts receivable41 | - | - | - | - | €6,009 | - |
| Current investments50/53 | €59 | €99,058 | - | €129,058 | €691,068 | ▲ 435% |
| Cash at bank and in hand54/58 | €176,970 | €106,654 | €129,864 | €90,650 | €18,722 | ▼ 79.3% |
| Deferred charges and accrued income490/1 | €2,110 | €3,809 | €2,556 | €2,681 | €2,963 | ▲ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.1m | €1.2m | €1.6m | ▲ 35.4% |
| Equity10/15 | €1.0m | €1.1m | €1.1m | €1.2m | €1.6m | ▲ 32.5% |
| Contributions10/11 | - | - | €538,959 | €538,959 | €538,959 | = |
| Reserves13 | €540,786 | €540,786 | €1,827 | €1,827 | €385,827 | ▲ 21,021% |
| Tax-exempt reserves132 | €1,827 | €1,827 | €1,827 | €1,827 | €1,827 | = |
| Distributable reserves133 | €538,959 | €538,959 | - | - | €384,000 | - |
| Profit (loss) carried forward14 | €482,826 | €529,554 | €578,832 | €640,130 | €640,141 | = |
| Amounts payable17/49 | €11,606 | €22,344 | €23,133 | €25,825 | €68,614 | ▲ 166% |
| Amounts payable after more than one year17 | €6,629 | €6,629 | €6,629 | €5,037 | €5,037 | = |
| Other amounts payable178/9 | €6,629 | €6,629 | €6,629 | €5,037 | €5,037 | = |
| Amounts payable within one year42/48 | €4,977 | €15,091 | €16,505 | €20,788 | €57,577 | ▲ 177% |
| Trade debts44 | €157 | €5,164 | €189 | €159 | €30,639 | ▲ 19,159% |
| Suppliers440/4 | €157 | €5,164 | €189 | €159 | €30,639 | ▲ 19,159% |
| Taxes, remuneration and social security45 | €4,820 | €9,927 | €13,219 | €17,532 | €23,841 | ▲ 36.0% |
| Taxes450/3 | €1,612 | €28 | €13,219 | €17,532 | €17,492 | ▼ 0.2% |
| Remuneration and social security454/9 | €3,208 | €9,899 | - | - | €6,349 | - |
| Other amounts payable47/48 | - | - | €3,097 | €3,097 | €3,097 | = |
| Accrued charges and deferred income492/3 | - | €625 | - | - | €6,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,965 | €46,728 | €49,278 | €61,298 | €384,011 | ▲ 526% |
| + Depreciation and write-downs630 | €31,576 | €34,566 | €40,621 | €40,800 | €40,369 | ▼ 1.1% |
| Operating cash flow (approximation) | €72,541 | €81,294 | €89,899 | €102,097 | €424,380 | ▲ 316% |
| Investment in fixed assets (approximation) | - | -€61,650 | -€167,789 | -€14,820 | €29,204 | ▲ 297% |
| Change in cash | - | -€70,316 | €23,210 | -€39,215 | -€71,928 | ▼ 83.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €384,011 ▲526%
Operating result €561,744, net result €384,011, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 178 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Equity above €1mEq €1.0m ▲4.2%
4 profitable years in a row build equity to €1.0m.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
31-12
Financial
Liquidity times 18current ratio 223.79
Current ratio from 12.74 to 223.79; short-term debt falls from €7,280 to €565.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Aarschot · 1 establishment unit since 1992
Ground area
152 m²
Building footprint
151 m²
Volume, LiDAR
1,056 m³
Parcel 24662H0007/00A008, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Amerstraat 61, 3200 Aarschot
since 19922.058.244.681
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662H0007/00A008 | Flanders | 152 m² | 1 · 151 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-1992
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446340253
Also
9925:BE0446340253
Registered
25-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Divers. (AOPC-1-9-01139/14.05)