BORB
InactiveFinancials · financial year 2025, micro format
Equity
€226,132▲ 2.0%
2024 · €221,670
Total assets
€232,050▼ 16.7%
2024 · €278,456
Net result
€12,125▼ 60.1%
2024 · €30,369
Working capital
€108,546▼ 3.6%
2024 · €112,598
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €5,060 after €52,844 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€5,060
2025
Net result€12,125
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€232,050
2025
Equity€226,132
2025
Debt€5,918
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€108,546
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€125,447-€166,023▲ 32.3%€3,018▼ 98.2%€7,258▲ 140%€82,626▲ 1,038%€83,797▲ 1.4%€52,844▼ 36.9%-€5,060
Net result€96,120-€111,125▲ 15.6%€1,805▼ 98.4%€4,321▲ 139%€58,111▲ 1,245%€57,806▼ 0.5%€30,369▼ 47.5%€12,125▼ 60.1%
Equity€90,640-€176,765▲ 95.0%€178,570▲ 1.0%€178,570=€196,681▲ 10.1%€233,045▲ 18.5%€221,670▼ 4.9%€226,132▲ 2.0%
Total assets€145,654-€309,473▲ 112%€186,828▼ 39.6%€194,395▲ 4.1%€253,029▲ 30.2%€272,092▲ 7.5%€278,456▲ 2.3%€232,050▼ 16.7%
Debt€55,014-€132,708▲ 141%€8,258▼ 93.8%€15,825▲ 91.6%€56,348▲ 256%€39,047▼ 30.7%€56,786▲ 45.4%€5,918▼ 89.6%
Working capital€26,718-€105,177▲ 294%€136,041▲ 29.3%€142,164▲ 4.5%€168,390▲ 18.4%€130,384▼ 22.6%€112,598▼ 13.6%€108,546▼ 3.6%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €232,050
Fixed assets
€117,586 ▲ 7.8%
Current assets
€114,464 ▼ 32.4%
Equity and liabilities €232,050
Equity
€226,132 ▲ 2.0%
Debt
€5,918 ▼ 89.6%
Debt's share of the balance-sheet total falls from 20.4% to 2.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€3,807▼
2024 · €55,252
Cash flow
€13,378▼
2024 · €32,777
Current ratio
19.34▲
2024 · 2.98
Debt to equity
0.03▼
2024 · 0.26
ROE
5.4%▼
2024 · 13.7%
ROA
5.2%▼
2024 · 10.9%
Interest coverage
-5.45▼
2024 · 46.87
Debt ≤ 1 year
€5,918▼
2024 · €56,786
Income taxes
€1,326▼
2024 · €21,944
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,931 | €9,347 | €9,347 | €8,914 | €8,115 | €2,340 | €2,408 | €1,254 | ▼ 47.9% |
| Other operating charges640/8 | - | - | - | €417 | €416 | €449 | €302 | €1,798 | ▲ 495% |
| Gross operating margin9900 | €131,834 | €175,728 | €12,884 | €16,589 | €91,157 | €86,586 | €55,555 | -€2,008 | - |
| Operating profit (loss)9901 | €125,447 | €166,023 | €3,018 | €7,258 | €82,626 | €83,797 | €52,844 | -€5,060 | - |
| Financial income75/76B | - | - | - | - | - | €188 | €649 | €19,209 | ▲ 2,861% |
| Recurring financial income75 | - | - | - | - | - | €188 | €649 | €19,209 | ▲ 2,861% |
| Non-recurring financial income76B | - | - | - | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €361 | €354 | €378 | €1,180 | €698 | ▼ 40.8% |
| Recurring financial charges65 | €106 | €242 | €1,095 | €361 | €353 | €378 | €1,179 | €698 | ▼ 40.8% |
| Non-recurring financial charges66B | - | - | - | €0 | €2 | - | €1 | - | - |
| Profit (loss) for the period before taxes9903 | €125,340 | €165,771 | €1,923 | €6,897 | €82,272 | €83,608 | €52,313 | €13,451 | ▼ 74.3% |
| Income taxes67/77 | €29,220 | €54,646 | €119 | €2,576 | €24,160 | €25,802 | €21,944 | €1,326 | ▼ 94.0% |
| Profit (loss) for the period9904 | €96,120 | €111,125 | €1,805 | €4,321 | €58,111 | €57,806 | €30,369 | €12,125 | ▼ 60.1% |
| Profit (loss) for the period to be appropriated9905 | €96,120 | €111,125 | €1,805 | €4,321 | €58,111 | €57,806 | €30,369 | €12,125 | ▼ 60.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €145,654 | €309,473 | €186,828 | €194,395 | €253,029 | €272,092 | €278,456 | €232,050 | ▼ 16.7% |
| Fixed assets21/28 | €63,922 | €91,876 | €42,529 | €36,406 | €28,291 | €102,660 | €109,072 | €117,586 | ▲ 7.8% |
| Tangible fixed assets22/27 | €23,723 | €51,677 | €42,330 | €36,207 | €28,092 | €26,524 | €25,272 | €22,565 | ▼ 10.7% |
| Land and buildings22 | - | - | - | €27,579 | €26,325 | €25,072 | €23,818 | €22,565 | ▼ 5.3% |
| Plant, machinery and equipment23 | - | - | - | €2,697 | €1,767 | €1,452 | €1,454 | - | - |
| Furniture and vehicles24 | - | - | - | €5,931 | - | - | - | - | - |
| Financial fixed assets28 | €40,199 | €40,199 | €199 | €199 | €199 | €76,137 | €83,800 | €95,021 | ▲ 13.4% |
| Current assets29/58 | €81,731 | €217,597 | €144,299 | €157,989 | €224,738 | €169,432 | €169,385 | €114,464 | ▼ 32.4% |
| Amounts receivable within one year40/41 | €22,315 | €23,003 | €2,227 | €30,916 | €12,771 | €16,032 | €9,370 | €3,533 | ▼ 62.3% |
| Trade receivables40 | - | - | - | €30,829 | €12,683 | €13,055 | €8,444 | - | - |
| Other amounts receivable41 | - | - | - | €88 | €88 | €2,977 | €926 | €3,533 | ▲ 281% |
| Cash at bank and in hand54/58 | €58,441 | €193,740 | €141,034 | €126,333 | €210,803 | €151,906 | €158,763 | €110,932 | ▼ 30.1% |
| Deferred charges and accrued income490/1 | - | - | - | €740 | €1,164 | €1,493 | €1,251 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €145,654 | €309,473 | €186,828 | €194,395 | €253,029 | €272,092 | €278,456 | €232,050 | ▼ 16.7% |
| Equity10/15 | €90,640 | €176,765 | €178,570 | €178,570 | €196,681 | €233,045 | €221,670 | €226,132 | ▲ 2.0% |
| Contributions10/11 | €18,550 | €18,550 | - | €18,550 | €18,550 | €18,550 | €11,718 | €11,718 | = |
| Revaluation surpluses12 | - | - | - | - | - | - | €7,664 | - | - |
| Reserves13 | €1,855 | €112,980 | €112,980 | €112,980 | €131,091 | €167,455 | €202,289 | €214,414 | ▲ 6.0% |
| Non-distributable reserves130/1 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,855 | €1,855 | - | - | - | - |
| Distributable reserves133 | - | - | - | €111,125 | €129,236 | €167,455 | €202,289 | €214,414 | ▲ 6.0% |
| Profit (loss) carried forward14 | €70,235 | €45,235 | €47,040 | €47,040 | €47,040 | €47,040 | - | - | - |
| Amounts payable17/49 | €55,014 | €132,708 | €8,258 | €15,825 | €56,348 | €39,047 | €56,786 | €5,918 | ▼ 89.6% |
| Amounts payable after more than one year17 | - | €20,288 | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €55,014 | €112,420 | €8,258 | €15,825 | €56,348 | €39,047 | €56,786 | €5,918 | ▼ 89.6% |
| Trade debts44 | €1,357 | €813 | €467 | €565 | €1,615 | €1,730 | €699 | €5,912 | ▲ 746% |
| Suppliers440/4 | - | - | - | €565 | €1,615 | €1,730 | €699 | €5,912 | ▲ 746% |
| Taxes, remuneration and social security45 | - | - | - | €10,940 | €14,733 | €15,875 | €6,885 | €6 | ▼ 99.9% |
| Taxes450/3 | - | - | - | €10,940 | €14,733 | €15,875 | €6,885 | €6 | ▼ 99.9% |
| Other amounts payable47/48 | - | - | - | €4,321 | €40,000 | €21,443 | €49,202 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €96,120 | €111,125 | €1,805 | €4,321 | €58,111 | €57,806 | €30,369 | €12,125 | ▼ 60.1% |
| + Depreciation and write-downs630 | €5,931 | €9,347 | €9,347 | €8,914 | €8,115 | €2,340 | €2,408 | €1,254 | ▼ 47.9% |
| Operating cash flow (approximation) | €102,051 | €120,472 | €11,152 | €13,235 | €66,226 | €60,146 | €32,777 | €13,378 | ▼ 59.2% |
| Investment in fixed assets (approximation) | - | -€37,301 | €40,000 | -€2,791 | €0 | -€76,709 | -€8,820 | -€9,767 | ▼ 10.7% |
| Change in cash | - | €135,299 | -€52,705 | -€14,701 | €84,470 | -€58,897 | €6,857 | -€47,832 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 05-06-2026 | 2026-00144817 |
| 31-12-2024 | micro format | 07-04-2025 | 2025-00067645 |
| 31-12-2023 | micro format | 15-04-2024 | 2024-00064123 |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00198087 |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20101907 |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33200357 |
| 31-12-2019 | micro format | 03-09-2020 | 2020-50800601 |
| 31-12-2018 | micro format | 29-07-2019 | 2019-40000517 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.