BORALIT
ActiveSummary
BORALIT has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €177k and a net result of €154k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 188 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▲+91
Solvency45▲+16
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 0.99 in 2024; short-term debt: 79.3% and cash: 10.1% of total assets), and 79.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Manufacture of rubber and plastic products (NACE 22)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
20.1%
Return on assets
17.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 188 sector peers (2025).
NBB · sector comparisonPosition among 188 sector peers
Solvency
better than 17%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €177k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
20 d early
2023
55 d late
2022
38 d early
2021
44 d early
2020
31 d early
2019
41 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€154k
2024 · €-100k
2018: €-387klowest in 8 years
2019: €-48k▲ +87.7% vs 2018
2020: €33k▲ +169% vs 2019
2021: €-163k▼ -598% vs 2020
2022: €136k▲ +184% vs 2021
2023: €-261k▼ -292% vs 2022
2024: €-100k▲ +61.9% vs 2023
2025: €154k▲ +255% vs 2024highest in 8 years
2018 → 2025
Working capital
€132k
2024 · €-5k
2018: €41k
2019: €3k▼ -93.9% vs 2018
2020: €389k▲ +15244% vs 2019highest in 8 years
2021: €220k▼ -43.3% vs 2020
2022: €353k▲ +60.1% vs 2021
2023: €92k▼ -73.9% vs 2022
2024: €-5k▼ -106% vs 2023lowest in 8 years
2025: €132k▲ +2621% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€247k-€383k▲ 55.1%€123k▼ 68.1%€23k▼ 81.2%€177k▲ 670%
2021: €247k
2022: €383k▲ +55.1% vs 2021highest in 5 years
2023: €123k▼ -68.1% vs 2022
2024: €23k▼ -81.2% vs 2023lowest in 5 years
2025: €177k▲ +670% vs 2024
Operating result€-163k-€136k€-260k€-88k▲ 66.2%€156k
2021: €-163k
2022: €136k▲ +183% vs 2021
2023: €-260k▼ -291% vs 2022lowest in 5 years
2024: €-88k▲ +66.2% vs 2023
2025: €156k▲ +278% vs 2024highest in 5 years
Net result€-163k-€136k€-261k€-100k▲ 61.9%€154k
2021: €-163k
2022: €136k▲ +184% vs 2021
2023: €-261k▼ -292% vs 2022lowest in 5 years
2024: €-100k▲ +61.9% vs 2023
2025: €154k▲ +255% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €156k after a loss of €88k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €880k
Fixed assets
€49k ▲ 30.9%
Current assets
€830k ▲ 34.5%
Equity and liabilities €880k
Equity
€177k ▲ 670%
Debt
€703k ▲ 11.2%
Debt's share of the balance-sheet total falls from 96.5% to 79.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€171k▲
2024 · €-76k
Cash flow
€169k▲
2024 · €-88k
Current ratio
1.19▲
2024 · 0.99
Quick ratio
0.57▲
2024 · 0.35
Debt to equity
3.97▼
2024 · 27.50
ROE
87.0%▲
2024 · -432.8%
ROA
17.5%▲
2024 · -15.2%
Interest coverage
64.80▲
2024 · -6.36
Debt ≤ 1 year
€698k▲
2024 · €623k
Debt > 1 year
€4k▼
2024 · €10k
Staff costs
€402k▲
2024 · €401k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€655k€880k▲
Fixed assets21/28€38k€49k▲
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€33k€46k▲
Land and buildings22€569€401▼
Plant, machinery and equipment23€17k€8k▼
Furniture and vehicles24€16k€37k▲
Current assets29/58€617k€830k▲
Stocks and contracts in progress3€401k€431k▲
Stocks30/36€401k€431k▲
Amounts receivable within one year40/41€187k€303k▲
Trade receivables40€187k€303k▲
Other amounts receivable41-€96
Cash at bank and in hand54/58€9k€89k▲
Deferred charges and accrued income490/1€21k€7k▼
Equity and liabilities
Total equity and liabilities10/49€655k€880k▲
Equity10/15€23k€177k▲
Contributions10/11€620k€620k=
Capital10€620k€620k=
Issued capital100€620k€620k=
Reserves13€63k€63k=
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Tax-exempt reserves132€620€620=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€-660k€-506k▲
Amounts payable17/49€632k€703k▲
Amounts payable after more than one year17€10k€4k▼
Financial debts170/4€10k€4k▼
Amounts payable within one year42/48€623k€698k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€111k€261k▲
Suppliers440/4€111k€261k▲
Taxes, remuneration and social security45€49k€71k▲
Taxes450/3€18k€29k▲
Remuneration and social security454/9€31k€42k▲
Other amounts payable47/48€457k€360k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Non-recurring operating income76A-€254k
Remuneration, social security and pensions62€401k€402k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€20k€21k▲
Non-recurring operating charges66A-€13k
Gross operating margin9900€344k€606k▲
Operating profit (loss)9901€-88k€156k▲
Financial income75/76B€357€724▲
Recurring financial income75€357€724▲
Financial charges65/66B€12k€3k▼
Recurring financial charges65€12k€3k▼
Profit (loss) for the period before taxes9903€-100k€154k▲
Profit (loss) for the period9904€-100k€154k▲
Profit (loss) for the period to be appropriated9905€-100k€154k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-660k€-506k▲
Profit (loss) brought forward from the previous period14P€-560k€-660k▼
Social balance
Average headcount (FTE)90876.75.9▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | €450 | - | - | €254k | - |
| Remuneration, social security and pensions62 | €292k | €331k | €376k | €401k | €402k | ▲ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €10k | €10k | €12k | €15k | ▲ 24.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €92k | - | - | - |
| Other operating charges640/8 | €19k | €19k | €21k | €20k | €21k | ▲ 5.1% |
| Non-recurring operating charges66A | €1k | €2k | - | - | €13k | - |
| Gross operating margin9900 | €154k | €498k | €239k | €344k | €606k | ▲ 76.0% |
| Operating profit (loss)9901 | €-163k | €136k | €-260k | €-88k | €156k | ▲ 278% |
| Financial income75/76B | €3k | €3k | €691 | €357 | €724 | ▲ 103% |
| Recurring financial income75 | €3k | €3k | €691 | €357 | €724 | ▲ 103% |
| Financial charges65/66B | €3k | €2k | €2k | €12k | €3k | ▼ 78.1% |
| Recurring financial charges65 | €3k | €2k | €2k | €12k | €3k | ▼ 78.1% |
| Profit (loss) for the period before taxes9903 | €-163k | €136k | €-261k | €-100k | €154k | ▲ 255% |
| Profit (loss) for the period9904 | €-163k | €136k | €-261k | €-100k | €154k | ▲ 255% |
| Profit (loss) for the period to be appropriated9905 | €-163k | €136k | €-261k | €-100k | €154k | ▲ 255% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €460k | €669k | €498k | €655k | €880k | ▲ 34.3% |
| Fixed assets21/28 | €27k | €31k | €31k | €38k | €49k | ▲ 30.9% |
| Intangible fixed assets21 | - | - | €5k | €4k | €3k | ▼ 25.0% |
| Tangible fixed assets22/27 | €27k | €31k | €25k | €33k | €46k | ▲ 38.3% |
| Land and buildings22 | - | - | - | €569 | €401 | ▼ 29.5% |
| Plant, machinery and equipment23 | €26k | €31k | €25k | €17k | €8k | ▼ 50.1% |
| Furniture and vehicles24 | €735 | €174 | - | €16k | €37k | ▲ 133% |
| Financial fixed assets28 | €1 | - | - | - | - | - |
| Current assets29/58 | €433k | €638k | €468k | €617k | €830k | ▲ 34.5% |
| Stocks and contracts in progress3 | €273k | €486k | €387k | €401k | €431k | ▲ 7.6% |
| Stocks30/36 | €273k | €486k | €387k | €401k | €431k | ▲ 7.6% |
| Amounts receivable within one year40/41 | €121k | €45k | €65k | €187k | €303k | ▲ 62.5% |
| Trade receivables40 | €114k | €45k | €65k | €187k | €303k | ▲ 62.5% |
| Other amounts receivable41 | €7k | - | - | - | €96 | - |
| Cash at bank and in hand54/58 | €24k | €85k | €12k | €9k | €89k | ▲ 893% |
| Deferred charges and accrued income490/1 | €15k | €22k | €4k | €21k | €7k | ▼ 66.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €460k | €669k | €498k | €655k | €880k | ▲ 34.3% |
| Equity10/15 | €247k | €383k | €123k | €23k | €177k | ▲ 670% |
| Contributions10/11 | €620k | €620k | €620k | €620k | €620k | = |
| Capital10 | €620k | €620k | €620k | €620k | €620k | = |
| Issued capital100 | €620k | €620k | €620k | €620k | €620k | = |
| Reserves13 | €63k | €63k | €63k | €63k | €63k | = |
| Non-distributable reserves130/1 | €22k | €22k | €22k | €22k | €22k | = |
| Legal reserve130 | €22k | €22k | €22k | €22k | €22k | = |
| Tax-exempt reserves132 | €620 | €620 | €620 | €620 | €620 | = |
| Distributable reserves133 | €40k | €40k | €40k | €40k | €40k | = |
| Profit (loss) carried forward14 | €-436k | €-299k | €-560k | €-660k | €-506k | ▲ 23.4% |
| Amounts payable17/49 | €213k | €285k | €376k | €632k | €703k | ▲ 11.2% |
| Amounts payable after more than one year17 | - | - | - | €10k | €4k | ▼ 62.4% |
| Financial debts170/4 | - | - | - | €10k | €4k | ▼ 62.4% |
| Amounts payable within one year42/48 | €213k | €285k | €376k | €623k | €698k | ▲ 12.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6k | €6k | ▲ 4.3% |
| Trade debts44 | €188k | €92k | €117k | €111k | €261k | ▲ 135% |
| Suppliers440/4 | €188k | €92k | €117k | €111k | €261k | ▲ 135% |
| Taxes, remuneration and social security45 | €25k | €43k | €34k | €49k | €71k | ▲ 44.2% |
| Taxes450/3 | - | €14k | €2k | €18k | €29k | ▲ 57.6% |
| Remuneration and social security454/9 | €25k | €29k | €32k | €31k | €42k | ▲ 36.4% |
| Other amounts payable47/48 | - | €150k | €225k | €457k | €360k | ▼ 21.2% |
| Accrued charges and deferred income492/3 | €131 | - | - | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-163k | €136k | €-261k | €-100k | €154k | ▲ 255% |
| + Depreciation and write-downs630 | €5k | €10k | €10k | €12k | €15k | ▲ 24.4% |
| Operating cash flow (approximation) | €-158k | €146k | €-251k | €-88k | €169k | ▲ 292% |
| Investment in fixed assets (approximation) | - | €-14k | €-10k | €-19k | €-26k | ▼ 39.6% |
| Change in cash | - | €61k | €-73k | €-3k | €80k | ▲ 2,813% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €154k
Net result €154k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €177k ▲670%
Equity rises from €23k to €177k.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €136k
Net result €136k after one loss-making year.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-12
Financial
Back to profitnet €33k
Net result €33k after 2 loss-making years.
30-12
Financial
Liquidity times 9current ratio 9.07
Current ratio from 1.01 to 9.07; short-term debt falls from €400k to €48k.
30-12
Financial
Equity above €200kEq €410k
Equity rises from €-22k to €410k.
Show earlier events
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Aalter · 1 establishment unit since 1982
Ground area
7,221 m²
Building footprint
4,508 m²
Volume, LiDAR
32,056 m³
Parcel 44001B0095/00P000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Nijverheidslaan 12, 9880 Aalter
since 19822.020.812.876
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0095/00P000 | Flanders | 7,221 m² | 1 · 4,508 m² | 11.3 m · 2 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
2023 to 2024 · 2 entries · 4,575 EUR awarded · 4,575 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 3,000 EUR | 4,575 EUR |
| 2023 | 1 | 1,575 EUR | 0 EUR |
Schemes
Subsidies voor internationaal ondernemen
Similar companies · same sector, comparable size
GURU PLASTICS
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BE 0421.073.733
Zedelgem · Eq €188k
INVENT
BE 0420.548.547
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QUADRIFOGLIO VERDE MOTORS
BE 0445.812.097
Izegem · Eq €193k
CUBIK
BE 0771.311.534
Roeselare · Eq €162k
Of 602 companies in sector 22260 we hold annual accounts for 282. 146 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-07-1982
Fiscal year end31-12
Activities, NACEBEL 2025
22240Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
25110Manufacture of metal structures and parts of structures
Scores and ratios are computed by Checked and are not a credit decision.