BORANDCO
Open bankruptcyA bankruptcy procedure is open for BORANDCO according to publications in the Belgian State Gazette; curator: FRANCOIS LE GENTIL DE ROSMORDUC.
Summary
The 2024 annual accounts show negative equity (-€57,090) and a net result of €8,400.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- French-language Enterprise Court of Brussels
- Declared bankrupt
- 22 June 2026
- Supervising judge
- Vincent Gerin
- Official Gazette
- 29-06-2026 (pdf) ↗search the document for 2026/128750
Deadlines
- Appeal or third-party opposition until
- passed on 14 July 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 22 July 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 29 July 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 22 June 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Francois Le Gentil De RosmorducAvenue Louise 349/17, 1050 Ixellesfderosmorduc@ensch.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1763 sector peers (2024).
NBB · sector comparisonPosition among 1763 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
365 d late
2022
731 d late
2021
261 d late
2020
87 d late
2019
222 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 282 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Cafés and bars sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€253,711
EBIT margin
-24.8%
Net result
€8,400▼ 68.8%
2023 · €26,881
Working capital
-€48,430▲ 33.0%
2023 · -€72,290
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, 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
Operating result€110,912€7,614▼ 93.1%-€28,932€26,712€3,697▼ 86.2%
Net result€109,862above the sector's middle half€6,754within the sector's middle half▼ 93.9%-€29,209below the sector's middle half€26,881within the sector's middle half€8,400within the sector's middle half▼ 68.8%
EBIT margin
Equity-€69,916below the sector's middle half▲ 61.1%-€63,162below the sector's middle half▲ 9.7%-€92,371below the sector's middle half▼ 46.2%-€65,490below the sector's middle half▲ 29.1%-€57,090below the sector's middle half▲ 12.8%
Total assets€87,986within the sector's middle half▼ 6.7%€58,669below the sector's middle half▼ 33.3%€39,095below the sector's middle half▼ 33.4%€49,977below the sector's middle half▲ 27.8%€47,099below the sector's middle half▼ 5.8%
Debt€157,902▼ 42.4%€121,831▼ 22.8%€131,466▲ 7.9%€115,467▼ 12.2%€104,189▼ 9.8%
Working capital-€79,678▲ 60.0%-€74,456▲ 6.6%-€96,371▼ 29.4%-€72,290▲ 25.0%-€48,430▲ 33.0%
Solvency-79.5%below the sector's middle half▲ 111.1pp-107.7%below the sector's middle half▼ 28.2pp-236.3%below the sector's middle half▼ 128.6pp-131.0%below the sector's middle half▲ 105.2pp-121.2%below the sector's middle half▲ 9.8pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 86% below 2023.
Key figures and ratios
Current ratio
0.49▲
2023 · 0.37
Debt to equity
-1.82▼
2023 · -1.76
ROA
17.8%▼
2023 · 53.8%
Debt ≤ 1 year
€95,529▼
2023 · €115,467
Staff costs
€196,322▼
2023 · €211,989
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €190 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €10,232 | €63,898 | €211,989 | €196,322 | ▼ 7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,272 | €6,905 | €4,994 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €20,561 | - | €10,500 | - | - |
| Other operating charges640/8 | - | €853 | €3,134 | €384 | €850 | ▲ 121% |
| Non-recurring operating charges66A | - | €50 | - | - | - | - |
| Gross operating margin9900 | €183,967 | €46,215 | €43,094 | €249,585 | €200,869 | ▼ 19.5% |
| Operating profit (loss)9901 | €110,912 | €7,614 | -€28,932 | €26,712 | €3,697 | ▼ 86.2% |
| Financial income75/76B | - | - | - | €169 | €4,792 | ▲ 2,736% |
| Recurring financial income75 | €128 | - | - | €169 | €4,792 | ▲ 2,736% |
| Financial charges65/66B | - | €860 | €277 | - | €89 | - |
| Recurring financial charges65 | €1,178 | €860 | €277 | - | €89 | - |
| Profit (loss) for the period before taxes9903 | €109,862 | €6,754 | -€29,209 | €26,881 | €8,400 | ▼ 68.8% |
| Profit (loss) for the period9904 | €109,862 | €6,754 | -€29,209 | €26,881 | €8,400 | ▼ 68.8% |
| Profit (loss) for the period to be appropriated9905 | €109,862 | €6,754 | -€29,209 | €26,881 | €8,400 | ▼ 68.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87,986 | €58,669 | €39,095 | €49,977 | €47,099 | ▼ 5.8% |
| Fixed assets21/28 | €18,199 | €11,294 | €6,800 | €6,800 | - | - |
| Tangible fixed assets22/27 | €11,899 | €4,994 | - | - | - | - |
| Leasing and similar rights25 | - | €4,994 | - | - | - | - |
| Financial fixed assets28 | €6,300 | €6,300 | €6,800 | €6,800 | - | - |
| Current assets29/58 | €69,787 | €47,375 | €32,295 | €43,177 | €47,099 | ▲ 9.1% |
| Stocks and contracts in progress3 | €41,123 | €29,881 | - | - | - | - |
| Stocks30/36 | - | €29,881 | - | - | - | - |
| Amounts receivable within one year40/41 | €18,737 | €9,697 | €16,751 | €23,333 | €35,701 | ▲ 53.0% |
| Trade receivables40 | - | - | - | €23,333 | €1,992 | ▼ 91.5% |
| Other amounts receivable41 | - | €9,697 | €16,751 | - | €33,709 | - |
| Cash at bank and in hand54/58 | €9,927 | €7,797 | €15,544 | €19,844 | €11,398 | ▼ 42.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87,986 | €58,669 | €39,095 | €49,977 | €47,099 | ▼ 5.8% |
| Equity10/15 | -€69,916 | -€63,162 | -€92,371 | -€65,490 | -€57,090 | ▲ 12.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €208 | €208 | €208 | €208 | €208 | = |
| Non-distributable reserves130/1 | - | €208 | €208 | €208 | €208 | = |
| Legal reserve130 | - | €208 | €208 | €208 | €208 | = |
| Profit (loss) carried forward14 | -€88,724 | -€81,970 | -€111,179 | -€84,298 | -€75,898 | ▲ 10.0% |
| Amounts payable17/49 | €157,902 | €121,831 | €131,466 | €115,467 | €104,189 | ▼ 9.8% |
| Amounts payable after more than one year17 | €4,937 | - | - | - | - | - |
| Amounts payable within one year42/48 | €149,465 | €121,831 | €128,666 | €115,467 | €95,529 | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | - | €4,285 | - | - | €12,500 | - |
| Trade debts44 | €28,520 | €31,806 | €21,840 | €16,894 | €13,280 | ▼ 21.4% |
| Suppliers440/4 | - | €31,806 | €21,840 | €16,894 | €13,280 | ▼ 21.4% |
| Taxes, remuneration and social security45 | - | €1,258 | €16,344 | €45,991 | €46,767 | ▲ 1.7% |
| Taxes450/3 | - | - | - | €30,099 | €37,227 | ▲ 23.7% |
| Remuneration and social security454/9 | - | €1,258 | €16,344 | €15,892 | €9,540 | ▼ 40.0% |
| Other amounts payable47/48 | - | €84,482 | €90,482 | €52,582 | €22,982 | ▼ 56.3% |
| Accrued charges and deferred income492/3 | - | - | €2,800 | - | €8,660 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €109,862 | €6,754 | -€29,209 | €26,881 | €8,400 | ▼ 68.8% |
| + Depreciation and write-downs630 | €11,272 | €6,905 | €4,994 | - | - | - |
| Operating cash flow (approximation) | €121,134 | €13,659 | -€24,215 | €26,881 | €8,400 | ▼ 68.8% |
| Investment in fixed assets (approximation) | - | €0 | -€500 | €0 | - | - |
| Change in cash | - | -€2,130 | €7,747 | €4,300 | -€8,446 | ▼ 296% |
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
2026
29-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 22-06-2026
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 365 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 731 days late
2023
31-12
Financial
Back to profitnet €26,881
Net result €26,881 after one loss-making year.
18-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 261 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 87 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 222 days late
10-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 588 days late
2020
31-12
Financial
Back to profitnet €109,862
Net result €109,862 after 2 loss-making years.
03-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 856 days late
05-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 919 days late
2019
31-12
Financial
Weakest financial yearnet -€138,233
Net result drops to -€138,233, the lowest in the series.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
3 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, Etterbeek · 2 establishment units since 2016
Ground area
258 m²
Building footprint
179 m²
Volume, LiDAR
2,385 m³
2 parcels, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
BORANDCO
since 20162.253.814.301
BORANDCO
since 20172.266.793.196
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0030/00Z006 | Brussels | 137 m² | 1 · 59 m² | 12.4 m · 3 fl. |
| 21009A0686/00E000 | Brussels | 120 m² | 1 · 119 m² | 17.8 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | FRANCOIS LE GENTIL DE ROSMORDUC AVENUE
LOUISE 349/17, 1050 IXELLES |
22-06-2026 → present |
Recognitions · licences · registrations
Dual-learning approval
1 endedWinkelbediende (so)
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Of 14,005 companies in sector 56301 we hold annual accounts for 4,897. 3,540 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 (pre-2019)
Founded06-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.