BORAMA
Annual accounts 2025
micro format, filed on 27-07-2026, 4 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €770,000. Estimated: probably between €440,000 and €1.0m.
Balance sheet
balance sheet total €198,546 on 31-12-2025in euro
in euro
Position in the sector
49.2%
Higher than 64% of 25,237 companies in 2025.
3.02
Higher than 77% of 24,245 companies in 2025.
-1.0%
Higher than 30% of 24,434 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Staff
€41,660
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 4 people joined and 4 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
198,546 | 217,042 | 219,707 | 218,655 | 216,207 | 218,186 | 192,092 | 166,141 | 164,095 | 178,880 | 163,464 | 153,245 | 138,150 | 138,794 | 136,042 | 130,048 | 133,704 | 152,576 | 174,609 | 208,485 | |
21/28 |
2,631 | 3,879 | 5,491 | 8,182 | 5,292 | 7,117 | 8,943 | 10,768 | 12,594 | 10,599 | 12,178 | 10,140 | 663 | 892 | 14,079 | 27,266 | 40,013 | 53,259 | 66,873 | 83,994 | |
22/27 |
2,501 | 3,749 | 5,361 | 8,052 | 5,162 | 6,987 | 8,813 | 10,638 | 12,464 | 10,469 | 12,048 | 10,010 | 533 | 762 | 13,949 | 27,136 | 40,013 | 53,259 | 66,873 | 83,994 | |
24 |
372 | 967 | 1,563 | 2,158 | - | - | - | - | - | - | - | 33 | 127 | 221 | 631 | 1,040 | 1,140 | 1,608 | 2,445 | 8,140 | |
26 |
2,129 | 2,781 | 3,798 | 5,894 | 5,162 | 6,987 | 8,813 | 10,638 | 12,464 | 10,469 | 12,048 | 9,978 | 406 | 541 | 13,318 | 26,096 | 38,873 | 51,651 | 64,428 | 75,854 | |
28 |
130 | 130 | 130 | 130 | 130 | 130 | 130 | 130 | 130 | 130 | 130 | 130 | 130 | 130 | 130 | 130 | - | - | - | - | |
29/58 |
195,915 | 213,163 | 214,216 | 210,473 | 210,915 | 211,068 | 183,150 | 155,373 | 151,501 | 168,281 | 151,286 | 143,104 | 137,487 | 137,902 | 121,963 | 102,783 | 93,691 | 99,317 | 107,735 | 124,491 | |
3 |
156,923 | 158,406 | 163,791 | 143,934 | 145,186 | 122,234 | 120,801 | 110,533 | 102,005 | 109,729 | 91,602 | 78,031 | 84,213 | 75,739 | 73,579 | 72,850 | 72,387 | 76,463 | 71,224 | 72,630 | |
30/36 |
156,923 | 158,406 | 163,791 | 143,934 | 145,186 | 122,234 | 120,801 | 110,533 | 102,005 | 109,729 | 91,602 | 78,031 | 84,213 | 75,739 | 73,579 | 72,850 | 72,387 | 76,463 | 71,224 | 72,630 | |
40/41 |
19,313 | 29,376 | 42,056 | 35,833 | 31,888 | 26,622 | 26,412 | 22,117 | 26,348 | 29,266 | 19,716 | 17,382 | 19,312 | 19,950 | 22,820 | 21,391 | 17,878 | 15,503 | 29,039 | 27,531 | |
40 |
8,343 | 27,643 | 32,799 | 26,012 | 23,775 | 25,241 | 25,029 | 20,639 | 26,283 | 29,266 | 19,689 | 17,279 | 19,312 | 19,803 | 22,766 | 21,391 | 17,878 | 15,503 | 18,663 | 20,476 | |
41 |
10,970 | 1,732 | 9,257 | 9,821 | 8,113 | 1,382 | 1,383 | 1,478 | 65 | - | 27 | 104 | - | 146 | 54 | - | - | - | 10,376 | 7,055 | |
54/58 |
19,679 | 25,382 | 8,369 | 30,706 | 33,841 | 62,212 | 35,937 | 22,723 | 21,784 | 27,959 | 38,670 | 46,502 | 33,962 | 42,213 | 25,564 | 8,541 | 3,426 | 7,352 | 7,472 | 24,330 | |
490/1 |
- | - | - | - | - | - | - | - | 1,363 | 1,327 | 1,297 | 1,188 | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
198,546 | 217,042 | 219,707 | 218,655 | 216,207 | 218,186 | 192,092 | 166,141 | 164,095 | 178,880 | 163,464 | 153,245 | 138,150 | 138,794 | 136,042 | 130,048 | 133,704 | 152,576 | 174,609 | 208,485 | |
10/15 |
97,641 | 99,676 | 73,516 | 56,130 | 38,972 | -5,032 | -46,699 | -66,872 | -77,921 | -80,003 | -95,402 | -127,237 | -130,741 | -145,917 | -148,308 | -152,566 | -141,486 | -130,994 | -148,440 | -128,299 | |
10/11 |
50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
100 |
- | - | - | - | - | - | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | 50,000 | |
13 |
47,000 | 49,000 | 23,000 | 6,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
47,000 | 49,000 | 23,000 | 6,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
14 |
641 | 676 | 516 | 130 | -11,028 | -55,032 | -96,699 | -116,872 | -127,921 | -130,003 | -145,402 | -177,237 | -180,741 | -195,917 | -198,308 | -202,566 | -191,486 | -180,994 | -198,440 | -178,299 | |
17/49 |
100,905 | 117,366 | 146,190 | 162,524 | 177,235 | 223,218 | 238,791 | 233,013 | 242,015 | 258,883 | 258,865 | 280,481 | 268,891 | 284,711 | 284,350 | 282,615 | 275,191 | 283,571 | 323,048 | 336,784 | |
17 |
36,000 | 47,774 | 64,974 | 86,090 | 95,450 | 125,450 | 148,954 | 161,737 | 174,721 | 183,778 | 189,824 | 198,849 | 189,578 | 202,933 | 215,800 | 203,577 | 181,000 | 186,000 | 191,000 | 199,003 | |
170/4 |
36,000 | 47,774 | 64,974 | 86,090 | 95,450 | 125,450 | 148,954 | 161,737 | 174,721 | 183,778 | 189,824 | 198,849 | 189,578 | 202,933 | 215,800 | 203,577 | 181,000 | 186,000 | 191,000 | 199,003 | |
42/48 |
64,905 | 69,592 | 81,216 | 76,434 | 81,785 | 97,768 | 89,836 | 71,276 | 67,295 | 75,105 | 69,041 | 81,632 | 79,312 | 81,778 | 68,550 | 79,038 | 94,191 | 97,571 | 132,048 | 137,321 | |
42 |
1,324 | 2,200 | 2,116 | 2,035 | - | 104 | 5,583 | 5,784 | 5,589 | 4,247 | 4,092 | 12,729 | 13,355 | 12,867 | 13,029 | 8,066 | 5,000 | 5,000 | 8,003 | 9,671 | |
43 |
2,560 | 2,183 | 3,050 | 3,797 | 4,911 | - | - | - | - | - | - | - | - | - | - | 489 | 23,691 | 21,671 | 9,667 | 20,937 | |
430/8 |
2,560 | 2,183 | 3,050 | 3,797 | 4,911 | - | - | - | - | - | - | - | - | - | - | 489 | 23,691 | 21,671 | 9,667 | 20,937 | |
44 |
40,526 | 48,351 | 51,318 | 44,350 | 50,539 | 75,067 | 60,139 | 46,576 | 45,824 | 49,561 | 47,967 | 53,875 | 45,355 | 50,354 | 38,614 | 51,941 | 51,446 | 49,532 | 96,190 | 90,390 | |
440/4 |
40,526 | 48,351 | 51,318 | 44,350 | 50,539 | 75,067 | 60,139 | 46,576 | 45,824 | 49,561 | 47,967 | 53,875 | 45,355 | 50,354 | 38,614 | 51,941 | 51,446 | 49,532 | 96,190 | 90,390 | |
45 |
18,495 | 14,858 | 21,836 | 24,252 | 24,335 | 20,596 | 22,114 | 16,917 | 15,881 | 21,297 | 16,734 | 15,028 | 20,602 | 18,557 | 16,908 | 18,541 | 12,742 | 21,332 | 18,188 | 16,324 | |
450/3 |
5,468 | 4,614 | 5,744 | 12,587 | 12,164 | 10,230 | 11,143 | 8,438 | 7,222 | 8,709 | 4,699 | 2,601 | 8,221 | 8,637 | 12,898 | 12,216 | 9,112 | 17,755 | 10,601 | 10,870 | |
454/9 |
13,027 | 10,244 | 16,091 | 11,665 | 12,171 | 10,366 | 10,971 | 8,479 | 8,659 | 12,589 | 12,035 | 12,428 | 12,381 | 9,920 | 4,010 | 6,325 | 3,630 | 3,577 | 7,587 | 5,454 | |
47/48 |
2,000 | 2,000 | 2,896 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | - | 248 | - | - | - | - | - | 1,312 | 36 | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 460 | |
| Income statement | |||||||||||||||||||||
9900 |
97,033 | 109,007 | 95,756 | 88,049 | 112,788 | 96,591 | 78,592 | 69,034 | 59,645 | 68,068 | 86,552 | 56,066 | 63,580 | 74,226 | 67,763 | 52,589 | 56,301 | 80,175 | 45,503 | 51,829 | |
62 |
74,988 | 70,424 | 67,355 | 60,546 | 54,066 | 52,008 | 55,421 | 54,549 | 53,175 | 49,356 | 49,674 | 48,265 | 45,532 | 52,453 | 43,403 | 40,796 | 41,785 | 40,706 | 40,608 | 37,753 | |
630 |
1,248 | 1,612 | 2,691 | 2,192 | 1,825 | 1,825 | 1,825 | 1,825 | 1,825 | 1,579 | 1,611 | 1,308 | 230 | 13,187 | 13,187 | 13,187 | 13,737 | 13,614 | 18,473 | 19,894 | |
640/8 |
22,020 | 729 | 805 | 1,305 | 1,004 | 506 | 541 | 529 | 1,354 | 639 | 720 | 1,302 | 769 | 4,601 | 1,279 | 1,668 | 1,398 | 1,919 | 1,410 | 2,141 | |
9901 |
-1,223 | 36,242 | 24,905 | 24,007 | 55,893 | 42,251 | 20,805 | 12,131 | 3,290 | 16,494 | 34,546 | 5,190 | 17,050 | 3,985 | 9,895 | -3,062 | -619 | 23,936 | -14,988 | -7,958 | |
75/76B |
12 | - | 16 | 1 | - | - | 19 | 22 | 20 | 0 | 45 | 501 | 132 | 16 | 1 | 78 | 63 | 774 | 1,315 | 623 | |
75 |
12 | - | 16 | 1 | - | - | 19 | 22 | 20 | 0 | 45 | 501 | 132 | 16 | 1 | 78 | 63 | 774 | 1,315 | 623 | |
65/66B |
674 | 743 | 911 | 929 | 448 | 585 | 650 | 1,105 | 1,228 | 1,096 | 2,752 | 2,187 | 2,004 | 1,609 | 5,637 | 8,096 | 9,936 | 7,265 | 6,468 | 7,956 | |
65 |
674 | 743 | 911 | 929 | 448 | 585 | 650 | 1,105 | 1,228 | 1,096 | 2,752 | 2,187 | 2,004 | 1,609 | 5,637 | 8,096 | 9,936 | 7,265 | 6,468 | 7,956 | |
9903 |
-1,885 | 35,499 | 24,010 | 23,079 | 55,445 | 41,667 | 20,174 | 11,049 | 2,082 | 15,399 | 31,838 | 3,504 | 15,177 | 2,391 | 4,258 | -11,080 | -10,492 | 17,445 | -20,141 | -15,290 | |
67/77 |
150 | 9,340 | 6,624 | 5,920 | 11,441 | - | - | - | - | - | 3 | - | 1 | - | - | - | - | - | - | -3 | |
9904 |
-2,035 | 26,160 | 17,386 | 17,158 | 44,004 | 41,667 | 20,174 | 11,049 | 2,082 | 15,399 | 31,835 | 3,504 | 15,176 | 2,391 | 4,258 | -11,080 | -10,492 | 17,445 | -20,141 | -15,288 | |
9905 |
-2,035 | 26,160 | 17,386 | 17,158 | 44,004 | 41,667 | 20,174 | 11,049 | 2,082 | 15,399 | 31,835 | 3,504 | 15,176 | 2,391 | 4,258 | -11,080 | -10,492 | 17,445 | -20,141 | -15,288 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
-1,359 | 26,676 | 17,516 | 6,130 | -11,028 | -55,032 | -96,699 | -116,872 | -127,921 | -130,003 | -145,402 | -177,237 | -180,741 | -195,917 | -198,308 | -202,566 | -191,486 | -180,994 | -198,440 | -178,299 | |
14P |
676 | 516 | 130 | -11,028 | -55,032 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
2,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | 26,000 | 17,000 | 6,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | 26,000 | 17,000 | 6,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
1.8 | 1.5 | 1.6 | 1.3 | 1.2 | 1.2 | - | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | |
Hours worked1013 |
2,837 | 2,561 | 2,772 | 2,576 | 2,576 | 2,395 | - | 2,338 | 2,424 | 2,476 | 2,379 | 2,280 | 2,268 | 2,312 | 2,335 | 2,246 | 2,376 | 2,328 | 2,355 | 2,503 | |
| Document | |||||||||||||||||||||
The accounts for 3 older financial years (2003-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00339872 | |
| 31-12-2024 | micro format | 30-05-2025 | 2025-00118340 | |
| 31-12-2023 | micro format | 17-06-2024 | 2024-00137461 | |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00169351 | |
| 31-12-2021 | micro format | 30-05-2022 | 2022-20041661 | |
| 31-12-2020 | micro format | 24-06-2021 | 2021-24300124 | |
| 31-12-2019 | micro format | 04-09-2020 | 2020-51000102 | |
| 31-12-2018 | micro format | 28-05-2019 | 2019-14700005 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-17600011 | |
| 31-12-2016 | micro format | 29-06-2017 | 2017-24200094 | |
| 31-12-2015 | full format | 31-08-2016 | 2016-55900337 | |
| 31-12-2014 | full format | 17-08-2015 | 2015-43100427 | |
| 31-12-2013 | full format | 02-06-2014 | 2014-14600429 | |
| 31-12-2012 | full format | 07-06-2013 | 2013-15800321 | |
| 31-12-2011 | full format | 25-09-2012 | 2012-57600438 | |
| 31-12-2010 | full format | 30-08-2011 | 2011-49800330 | |
| 31-12-2009 | full format | 29-06-2010 | 2010-24500048 | |
| 31-12-2008 | full format | 19-08-2009 | 2009-62500248 | |
| 31-12-2007 | full format | 06-07-2008 | 2008-38100229 | |
| 31-12-2006 | full format | 30-07-2007 | 2007-51600048 | |
| 31-12-2005 | full format | 30-08-2006 | 2006-74201124 | |
| 31-12-2004 | full format | 22-09-2005 | 2005-70005002 | |
| 31-12-2003 | full format | 17-08-2004 | 2004-60202752 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25 | 37,854 | 27,596 | 26,199 | 57,718 | 44,077 | 22,630 | 13,957 | 5,116 | 18,073 | 36,157 | 6,498 | 17,279 | 17,172 | 23,081 | 10,125 | 13,118 | 37,550 | 3,485 | 11,936 | ||
| -788 | 27,772 | 20,077 | 19,350 | 45,830 | 43,492 | 21,999 | 12,874 | 3,908 | 16,977 | 33,446 | 4,812 | 15,406 | 15,578 | 17,445 | 2,107 | 3,245 | 31,060 | -1,668 | 4,606 | ||
| 0 | 0 | 0 | 5,082 | 0 | 0 | 0 | 0 | 3,820 | 0 | 3,649 | 10,786 | 0 | 0 | 0 | 440 | 492 | 0 | 1,352 | 2,775 | ||
| -5,703 | 17,013 | -22,337 | -3,136 | -28,371 | 26,275 | 13,214 | 938 | -6,175 | -10,711 | -7,832 | 12,541 | -8,251 | 16,649 | 17,024 | 5,114 | -3,925 | -121 | -16,858 | - | ||
| 131,010 | 143,571 | 133,000 | 134,039 | 129,130 | 113,301 | 93,313 | 84,097 | 84,206 | 93,175 | 82,245 | 61,472 | 58,175 | 56,124 | 53,413 | 23,744 | -500 | 1,747 | -24,313 | -12,830 | ||
| 49.2% | 45.9% | 33.5% | 25.7% | 18.0% | -2.3% | -24.3% | -40.3% | -47.5% | -44.7% | -58.4% | -83.0% | -94.6% | -105.1% | -109.0% | -117.3% | -105.8% | -85.9% | -85.0% | -61.5% | ||
| 3.02 | 3.06 | 2.64 | 2.75 | 2.58 | 2.16 | 2.04 | 2.18 | 2.25 | 2.24 | 2.19 | 1.75 | 1.73 | 1.69 | 1.78 | 1.30 | 0.99 | 1.02 | 0.82 | 0.91 | ||
| 0.60 | 0.79 | 0.62 | 0.87 | 0.80 | 0.91 | 0.69 | 0.63 | 0.74 | 0.78 | 0.86 | 0.80 | 0.67 | 0.76 | 0.71 | 0.38 | 0.23 | 0.23 | 0.28 | 0.38 | ||
| 1.03 | 1.18 | 1.99 | 2.90 | 4.55 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| -2.1% | 26.2% | 23.6% | 30.6% | 112.9% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| -1.0% | 12.1% | 7.9% | 7.8% | 20.4% | 19.1% | 10.5% | 6.7% | 1.3% | 8.6% | 19.5% | 2.3% | 11.0% | 1.7% | 3.1% | -8.5% | -7.8% | 11.4% | -11.5% | -7.3% | ||
| 0.04 | 50.97 | 30.28 | 28.19 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 | 3 | 2 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | 1 | 1 | 1 | 2 | 1 |
| in full-time equivalents | 1.8 | 1.8 | 1.9 | 2 | 1.2 |
| 1.8 | 1.5 | 1.6 | 1.3 | 1.2 | |
| On a permanent contract | 2 | 2 | 2 | 2 | 1 |
| Joined | 4 | 6 | 2 | 5 | 4 |
| Left | 4 | 6 | 3 | 5 | 4 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €5,082 | - |
| €1,248 | €1,612 | €2,691 | €2,192 | €1,825 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on BORAMA
The operating result for 2025 is a loss of €1,223, after a profit of €36,242 in 2024. It is the lowest result since 2010.
Debt's share of the balance-sheet total falls from 54.1% to 50.8%. Equity and debt are lower.