BORACTRANS
ActiveSummary
BORACTRANS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €20,038 and a net result of -€1,851. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 24% of 1307 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability53▼-36
Solvency38▲+3
Growth48▼-22
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.77 in 2023; short-term debt: 86.9% and cash: 26.3% of total assets), and 86.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
13.1%
Return on assets
-1.2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 1307 sector peers (2024).
NBB · sector comparisonPosition among 1307 sector peers
Solvency
better than 24%
← weakest
strongest →
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 27-06-2025, 34 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
24 d late
2022
54 d late
2021
17 d early
2020
32 d early
2019
55 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 8 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€693,385▼ 6.0%
2023 · €737,592
EBIT margin
-1.6%▼ 11.4pp
2023 · 9.8%
Net result
-€1,851
2023 · €53,781
Working capital
-€52,542▼ 18.5%
2023 · -€44,321
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€344,312▲ 5.9%€509,544▲ 48.0%€720,536▲ 41.4%€737,592▲ 2.4%€693,385▼ 6.0%
Operating result€1,498▼ 88.2%-€20,251€20,948€72,495▲ 246%-€11,065
Net result€247within the sector's middle half▼ 97.2%-€20,991below the sector's middle half€17,768within the sector's middle half€53,781above the sector's middle half▲ 203%-€1,851within the sector's middle half
EBIT margin0.4%▼ 3.5pp-4.0%▼ 4.4pp2.9%▲ 6.9pp9.8%▲ 6.9pp-1.6%▼ 11.4pp
Equity€51,332within the sector's middle half▲ 0.5%€30,341within the sector's middle half▼ 40.9%€48,109within the sector's middle half▲ 58.6%€21,890within the sector's middle half▼ 54.5%€20,038within the sector's middle half▼ 8.5%
Total assets€93,651within the sector's middle half▼ 12.2%€121,082within the sector's middle half▲ 29.3%€138,416within the sector's middle half▲ 14.3%€211,243within the sector's middle half▲ 52.6%€153,294within the sector's middle half▼ 27.4%
Debt€42,319▼ 23.8%€90,741▲ 114%€90,307▼ 0.5%€189,353▲ 110%€133,256▼ 29.6%
Working capital€14,223▼ 37.0%-€28,508€4,208-€44,321-€52,542▼ 18.5%
Solvency54.8%within the sector's middle half▲ 6.9pp25.1%within the sector's middle half▼ 29.8pp34.8%within the sector's middle half▲ 9.7pp10.4%below the sector's middle half▼ 24.4pp13.1%below the sector's middle half▲ 2.7pp
Staff (FTE)1.7within the sector's middle half▲ 70.0%2.8▲ 64.7%4.3
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €11,065 after €72,495 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €153,294
Fixed assets
€72,580 ▲ 9.6%
Current assets
€80,714 ▼ 44.3%
Equity and liabilities €153,294
Equity
€20,038 ▼ 8.5%
Debt
€133,256 ▼ 29.6%
Debt's share of the balance-sheet total falls from 89.6% to 86.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,433▼
2023 · €87,286
Cash flow
€15,647▼
2023 · €68,571
Current ratio
0.61▼
2023 · 0.77
Debt to equity
6.65▼
2023 · 8.65
ROE
-9.2%▼
2023 · 245.7%
ROA
-1.2%▼
2023 · 25.5%
Interest coverage
32.04▼
2023 · 81.36
Debt ≤ 1 year
€133,256▼
2023 · €189,353
Income taxes
€2,146▼
2023 · €17,642
Staff costs
€264,030▼
2023 · €265,041
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,164 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,058 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% | 1.6% |
| 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 74% 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 2,164 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €344,312 | €509,544 | €720,536 | €737,592 | €693,385 | ▼ 6.0% |
| Non-recurring operating income76A | - | €190 | - | €42,632 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €353,521 | €402,035 | €422,991 | €417,208 | ▼ 1.4% |
| Remuneration, social security and pensions62 | - | €157,833 | €272,681 | €265,041 | €264,030 | ▼ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,544 | €8,110 | €15,894 | €14,790 | €17,498 | ▲ 18.3% |
| Other operating charges640/8 | - | €13,086 | €9,093 | €4,906 | €5,713 | ▲ 16.5% |
| Non-recurring operating charges66A | - | €8,433 | - | - | - | - |
| Gross operating margin9900 | €111,220 | €167,211 | €318,615 | €357,233 | €276,177 | ▼ 22.7% |
| Operating profit (loss)9901 | €1,498 | -€20,251 | €20,948 | €72,495 | -€11,065 | ▼ 115% |
| Financial income75/76B | - | - | - | - | €13,861 | - |
| Recurring financial income75 | - | - | - | - | €10 | - |
| Non-recurring financial income76B | - | - | - | - | €13,851 | - |
| Financial charges65/66B | - | €708 | €519 | €1,073 | €2,501 | ▲ 133% |
| Recurring financial charges65 | €205 | €708 | €519 | €1,073 | €201 | ▼ 81.3% |
| Non-recurring financial charges66B | - | - | - | - | €2,300 | - |
| Profit (loss) for the period before taxes9903 | €1,292 | -€20,959 | €20,428 | €71,423 | €295 | ▼ 99.6% |
| Income taxes67/77 | €1,045 | €32 | €2,661 | €17,642 | €2,146 | ▼ 87.8% |
| Profit (loss) for the period9904 | €247 | -€20,991 | €17,768 | €53,781 | -€1,851 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €247 | -€20,991 | €17,768 | €53,781 | -€1,851 | ▼ 103% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93,651 | €121,082 | €138,416 | €211,243 | €153,294 | ▼ 27.4% |
| Fixed assets21/28 | €37,109 | €58,849 | €43,901 | €66,210 | €72,580 | ▲ 9.6% |
| Tangible fixed assets22/27 | €26,688 | €43,427 | €28,479 | €40,789 | €42,290 | ▲ 3.7% |
| Plant, machinery and equipment23 | - | €43,427 | €28,479 | - | - | - |
| Furniture and vehicles24 | - | - | - | €40,789 | €42,290 | ▲ 3.7% |
| Financial fixed assets28 | €10,422 | €15,422 | €15,422 | €25,422 | €30,290 | ▲ 19.1% |
| Current assets29/58 | €56,541 | €62,234 | €94,515 | €145,032 | €80,714 | ▼ 44.3% |
| Amounts receivable within one year40/41 | €11,463 | €8,684 | €30,321 | €64,472 | €40,381 | ▼ 37.4% |
| Trade receivables40 | - | €7,965 | €20,926 | €57,611 | €35,381 | ▼ 38.6% |
| Other amounts receivable41 | - | €719 | €9,395 | €6,861 | €5,000 | ▼ 27.1% |
| Cash at bank and in hand54/58 | €45,078 | €53,550 | €64,194 | €80,561 | €40,333 | ▼ 49.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93,651 | €121,082 | €138,416 | €211,243 | €153,294 | ▼ 27.4% |
| Equity10/15 | €51,332 | €30,341 | €48,109 | €21,890 | €20,038 | ▼ 8.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Non-distributable reserves130/1 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves not available under the articles1311 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €29,732 | €8,741 | €26,509 | €290 | -€1,562 | ▼ 639% |
| Amounts payable17/49 | €42,319 | €90,741 | €90,307 | €189,353 | €133,256 | ▼ 29.6% |
| Amounts payable within one year42/48 | €42,319 | €90,741 | €90,307 | €189,353 | €133,256 | ▼ 29.6% |
| Trade debts44 | €2,814 | €61,793 | €29,397 | €41,586 | €69,768 | ▲ 67.8% |
| Suppliers440/4 | - | €61,793 | €29,397 | €41,586 | €69,768 | ▲ 67.8% |
| Taxes, remuneration and social security45 | - | €28,948 | €19,734 | €52,050 | €46,387 | ▼ 10.9% |
| Taxes450/3 | - | €5,679 | €3,781 | €23,698 | €29,931 | ▲ 26.3% |
| Remuneration and social security454/9 | - | €23,269 | €15,953 | €28,352 | €16,456 | ▼ 42.0% |
| Other amounts payable47/48 | - | - | €41,177 | €95,717 | €17,101 | ▼ 82.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €247 | -€20,991 | €17,768 | €53,781 | -€1,851 | ▼ 103% |
| + Depreciation and write-downs630 | €10,544 | €8,110 | €15,894 | €14,790 | €17,498 | ▲ 18.3% |
| Operating cash flow (approximation) | €10,791 | -€12,881 | €33,661 | €68,571 | €15,647 | ▼ 77.2% |
| Investment in fixed assets (approximation) | - | -€29,850 | -€946 | -€37,100 | -€23,868 | ▲ 35.7% |
| Change in cash | - | €8,471 | €10,644 | €16,367 | -€40,227 | ▼ 346% |
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
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial
Highest result since 2018net €53,781 ▲203%
Operating result €72,495, net result €53,781, both a record.
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 54 days late
2022
31-12
Financial
Back to profitnet €17,768
Net result €17,768 after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€20,991
Net result drops to -€20,991, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 55 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Antwerpen · 1 establishment unit since 2016
Ground area
1,491 m²
Building footprint
984 m²
Volume, LiDAR
7,216 m³
Parcel 11463D0325/00K002, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
314
companies at this address
See who is registered here
1 establishment unit
BORAC
since 20162.261.223.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0325/00K002 | Flanders | 1,491 m² | 1 · 984 m² | 8.2 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,076 EUR awarded · 672 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,076 EUR | 672 EUR |
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Of 355 companies in sector 52249 we hold annual accounts for 266. 80 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52249Warehousing and support activities for transportation
52210Service activities incidental to land transportation
52241Warehousing and support activities for transportation
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0661923248
Also
9925:BE0661923248
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.