BORAN
ActiveSummary
The computed 12-month bankruptcy probability of BORAN is 2.5% (moderate). The 2024 annual accounts show negative equity (€-779k) and a net result of €-14k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+18
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 0.2% and cash: 0.7% of total assets, and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-56.9%
Return on assets
-1%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-779k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
27 d late
2022
87 d late
2021
29 d late
2020
60 d late
2019
97 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-779k▼ 1.8%
2023 · €-765k
2018: €531khighest in 7 years
2019: €307k▼ -42.2% vs 2018
2020: €275k▼ -10.2% vs 2019
2021: €227k▼ -17.6% vs 2020
2022: €240k▲ +5.8% vs 2021
2023: €-765k▼ -419% vs 2022
2024: €-779k▼ -1.8% vs 2023lowest in 7 years
2018 → 2024
Total assets
€1.37M▲ 0.5%
2023 · €1.36M
2018: €3.05M
2019: €2.96M▼ -3.1% vs 2018
2020: €3.06M▲ +3.6% vs 2019
2021: €3.17M▲ +3.4% vs 2020highest in 7 years
2022: €2.49M▼ -21.3% vs 2021
2023: €1.36M▼ -45.3% vs 2022lowest in 7 years
2024: €1.37M▲ +0.5% vs 2023
2018 → 2024
Net result
€-14k▲ 98.6%
2023 · €-1.01M
2018: €20khighest in 7 years
2019: €-224k▼ -1229% vs 2018
2020: €-31k▲ +86.0% vs 2019
2021: €-48k▼ -54.1% vs 2020
2022: €13k▲ +127% vs 2021
2023: €-1.01M▼ -7706% vs 2022lowest in 7 years
2024: €-14k▲ +98.6% vs 2023
2018 → 2024
Working capital
€1.10M▲ 1.6%
2023 · €1.09M
2018: €2.50M
2019: €2.46M▼ -1.8% vs 2018
2020: €2.61M▲ +6.3% vs 2019
2021: €2.71M▲ +3.7% vs 2020highest in 7 years
2022: €2.18M▼ -19.5% vs 2021
2023: €1.09M▼ -50.1% vs 2022lowest in 7 years
2024: €1.10M▲ +1.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€275k-€227k▼ 17.6%€240k▲ 5.8%€-765k€-779k▼ 1.8%
2020: €275khighest in 5 years
2021: €227k▼ -17.6% vs 2020
2022: €240k▲ +5.8% vs 2021
2023: €-765k▼ -419% vs 2022
2024: €-779k▼ -1.8% vs 2023lowest in 5 years
Operating result€-12k-€2k€448k▲ 25,169%€-12k€-15k▼ 23.7%
2020: €-12k
2021: €2k▲ +115% vs 2020
2022: €448k▲ +25169% vs 2021highest in 5 years
2023: €-12k▼ -103% vs 2022
2024: €-15k▼ -23.7% vs 2023lowest in 5 years
Net result€-31k-€-48k▼ 54.1%€13k€-1.01M€-14k▲ 98.6%
2020: €-31k
2021: €-48k▼ -54.1% vs 2020
2022: €13k▲ +127% vs 2021highest in 5 years
2023: €-1.01M▼ -7706% vs 2022lowest in 5 years
2024: €-14k▲ +98.6% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15k in 2024 against €12k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.37M
Fixed assets
€263k ▼ 3.9%
Current assets
€1.11M ▲ 1.6%
Key figures and ratios
EBITDA
€21k▼
2023 · €22k
Cash flow
€22k▲
2023 · €-971k
Solvency
-56.9%▼
2023 · -56.1%
Debt to equity
-2.76▲
2023 · -2.78
ROA
-1.0%▲
2023 · -73.7%
Interest coverage
76.78▲
2023 · 66.33
Debt
€2.15M▲
2023 · €2.13M
Debt ≤ 1 year
€3k▲
2023 · €3k
Debt > 1 year
€2.15M▲
2023 · €2.13M
A ratio outside any meaningful range has been withheld (balance sheet total €1.37M, equity €-779k).
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 · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.36M€1.37M▲
Fixed assets21/28€273k€263k▼
Tangible fixed assets22/27€273k€263k▼
Land and buildings22€273k€263k▼
Current assets29/58€1.09M€1.11M▲
Amounts receivable within one year40/41€63k€92k▲
Trade receivables40€14k€44k▲
Other amounts receivable41€48k€48k▼
Current investments50/53€1.01M€1.01M=
Cash at bank and in hand54/58€18k€10k▼
Deferred charges and accrued income490/1€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€1.36M€1.37M▲
Equity10/15€-765k€-779k▼
Contributions10/11€952k€952k=
Profit (loss) carried forward14€-1.72M€-1.73M▼
Amounts payable17/49€2.13M€2.15M▲
Amounts payable after more than one year17€2.13M€2.15M▲
Financial debts170/4€2.13M€2.15M▲
Amounts payable within one year42/48€3k€3k▲
Trade debts44€3k€2k▼
Suppliers440/4€3k€2k▼
Other amounts payable47/48€0€1k▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€36k▲
Other operating charges640/8€9k€9k▲
Gross operating margin9900€31k€30k▼
Operating profit (loss)9901€-12k€-15k▼
Financial income75/76B€7k€2k▼
Recurring financial income75€7k€2k▼
Financial charges65/66B€1.00M€269▼
Recurring financial charges65€330€269▼
Non-recurring financial charges66B€1.00M€0▼
Profit (loss) for the period before taxes9903€-1.01M€-14k▲
Profit (loss) for the period9904€-1.01M€-14k▲
Profit (loss) for the period to be appropriated9905€-1.01M€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.72M€-1.73M▼
Profit (loss) brought forward from the previous period14P€-712k€-1.72M▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €27k | €453k | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €34k | €33k | €34k | €36k | ▲ 4.8% |
| Other operating charges640/8 | - | €7k | €10k | €9k | €9k | ▲ 3.7% |
| Gross operating margin9900 | €29k | €43k | €491k | €31k | €30k | ▼ 3.0% |
| Operating profit (loss)9901 | €-12k | €2k | €448k | €-12k | €-15k | ▼ 23.7% |
| Financial income75/76B | - | €116k | €230k | €7k | €2k | ▼ 76.6% |
| Recurring financial income75 | €138k | €116k | €230k | €7k | €2k | ▼ 76.6% |
| Financial charges65/66B | - | €166k | €665k | €1.00M | €269 | ▼ 100.0% |
| Recurring financial charges65 | €157k | €166k | €1k | €330 | €269 | ▼ 18.5% |
| Non-recurring financial charges66B | - | - | €664k | €1.00M | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €-31k | €-48k | €13k | €-1.01M | €-14k | ▲ 98.6% |
| Profit (loss) for the period9904 | €-31k | €-48k | €13k | €-1.01M | €-14k | ▲ 98.6% |
| Profit (loss) for the period to be appropriated9905 | €-31k | €-48k | €13k | €-1.01M | €-14k | ▲ 98.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.06M | €3.17M | €2.49M | €1.36M | €1.37M | ▲ 0.5% |
| Fixed assets21/28 | €365k | €331k | €297k | €273k | €263k | ▼ 3.9% |
| Tangible fixed assets22/27 | €365k | €331k | €297k | €273k | €263k | ▼ 3.9% |
| Land and buildings22 | - | €331k | €297k | €273k | €263k | ▼ 3.9% |
| Current assets29/58 | €2.70M | €2.84M | €2.20M | €1.09M | €1.11M | ▲ 1.6% |
| Amounts receivable within one year40/41 | €82k | €81k | €135k | €63k | €92k | ▲ 47.1% |
| Trade receivables40 | - | €5k | €12k | €14k | €44k | ▲ 209% |
| Other amounts receivable41 | - | €76k | €124k | €48k | €48k | ▼ 0.9% |
| Current investments50/53 | €2.61M | €2.74M | €2.01M | €1.01M | €1.01M | = |
| Cash at bank and in hand54/58 | €713 | €17k | €50k | €18k | €10k | ▼ 43.5% |
| Deferred charges and accrued income490/1 | - | €667 | €0 | €5k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.06M | €3.17M | €2.49M | €1.36M | €1.37M | ▲ 0.5% |
| Equity10/15 | €275k | €227k | €240k | €-765k | €-779k | ▼ 1.8% |
| Contributions10/11 | - | €952k | €952k | €952k | €952k | = |
| Profit (loss) carried forward14 | €-677k | €-725k | €-712k | €-1.72M | €-1.73M | ▼ 0.8% |
| Amounts payable17/49 | €2.79M | €2.94M | €2.25M | €2.13M | €2.15M | ▲ 1.0% |
| Amounts payable after more than one year17 | €2.41M | €2.77M | €2.24M | €2.13M | €2.15M | ▲ 0.9% |
| Financial debts170/4 | - | €2.77M | €2.24M | €2.13M | €2.15M | ▲ 0.9% |
| Amounts payable within one year42/48 | €84k | €126k | €14k | €3k | €3k | ▲ 13.1% |
| Current portion of amounts payable after more than one year42 | - | €116k | €0 | - | - | - |
| Trade debts44 | €55 | €2k | €4k | €3k | €2k | ▼ 26.5% |
| Suppliers440/4 | - | €2k | €4k | €3k | €2k | ▼ 26.5% |
| Other amounts payable47/48 | - | €8k | €10k | €0 | €1k | - |
| Accrued charges and deferred income492/3 | - | €46k | €0 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-31k | €-48k | €13k | €-1.01M | €-14k | ▲ 98.6% |
| + Depreciation and write-downs630 | €36k | €34k | €33k | €34k | €36k | ▲ 4.8% |
| Operating cash flow (approximation) | €4k | €-14k | €47k | €-971k | €22k | ▲ 102% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-10k | €-25k | ▼ 157% |
| Change in cash | - | €16k | €34k | €-33k | €-8k | ▲ 76.4% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €-1.01M
Net result drops to €-1.01M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 392.89
Current ratio from 153.27 to 392.89; short-term debt falls from €14k to €3k.
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-12
Financial
Back to profitnet €13k
Net result €13k after 3 loss-making years.
31-12
Financial
Liquidity times 7current ratio 153.27
Current ratio from 22.51 to 153.27; short-term debt falls from €126k to €14k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
05-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 97 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Watermaal-Bosvoorde · 1 establishment unit since 2021
Ground area
8.3 ha
Building footprint
1.3 ha
Volume, LiDAR
185,867 m³
2 parcels, Brussels · tallest building 51.1 m, ±4 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
BORAN
since 20212.320.851.890
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0905/00H000 | Brussels | 8.3 ha | 1 · 1.3 ha | 51.0 m · 3 fl. |
| 21363B0315/00N007 | Brussels | 320 m² | 1 · 141 m² | 12.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Legal Entity Identifier
87550031A3D0DNMAI329
Identification & contact
Identification
Legal formPrivate limited company
Founded08-10-1999
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.