BORB
InactiveOverview
Activity
Activity not known
Size
€232,050total assets 2025
- Equity
- €226,132
- Profit
- €12,125
Turnover not published (micro format)
Financial health
Inactive: no score
Structure
1 of 3 deeds read
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
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 05-06-2026, 56 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
56 days early
2024
115 days early
2023
107 days early
2022
28 days early
2021
34 days early
2020
23 days early
2019
34 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 47 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- End & cessationResignation: BORREMANS Bruno Jean Antoine…
- Liquidity more than 6 timescurrent ratio 19.34
Financials · 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.
Directors
Directors
no sitting director read yet, last change in 2026
No directors read yet: 1 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BORREMANS Bruno Jean Antoine |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
financial year 2025 · micro format
27-04
Gazette deed
End & cessationResignation: BORREMANS Bruno Jean Antoine (director) · Net-asset statement · Declaration10 facts ▸
Gazette deed
End & cessation
Resignation: BORREMANS Bruno Jean Antoine (director) · Net-asset statement · Declaration10 facts ▸
- General meeting, 09-03-2026
- Other provision, “dispense de lecture des rapports, article 2:71, §2 du Code des sociétés et des associations” (deed in French)
- Net-asset statement, 31-12-2025
- Declaration, “prise de connaissance des rapports par l'actionnaire, aucune” (deed in French)
- Director discharge, BORREMANS Bruno Jean Antoine (director)
- Liquidation closure, “immédiatement, la Société a définitivement cessé d'exister” (deed in French)
- Director resignation, BORREMANS Bruno Jean Antoine (director)
- Declaration, “consignation des sommes, sommes et/ou valeurs qui reviennent aux créanciers et qui n'ont pas pu leur être remis” (deed in French)
- Other provision, “vote des résolutions, unanimité” (deed in French)
- Dissolution, “dissolution et liquidation en un seul acte, dissoudre la Société avec mise en liquidation immédiate et sans la nomination d'un liquidateur” (deed in French)
2025
31-12
Financial
Liquidity more than 6 timescurrent ratio 19.34
Current ratio from 2.98 to 19.34; short-term debt falls from €56,786 to €5,918.
07-04
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
15-04
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Equity above €200,000equity €233,045 ▲18.5%
A profit in every financial year since 2018 builds equity to €233,045.
03-07
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
27-06
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
08-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Weakest financial yearnet €1,805 ▼98.4%
Net result drops to €1,805, the lowest in the series.
31-12
Financial
Liquidity times 9current ratio 17.47
Current ratio from 1.94 to 17.47; short-term debt falls from €112,420 to €8,258.
03-09
NBB filing
Annual accounts filed
financial year 2019 · micro format · 34 days late
Show earlier events
2019
31-12
Financial
Highest result from 2018 to 2025net €111,125 ▲15.6%
Operating result €166,023, net result €111,125, both a record.
31-12
Financial
Equity above €150,000equity €176,765 ▲95%
A profit in every financial year since 2018 builds equity to €176,765.
29-07
NBB filing
Annual accounts filed
financial year 2018 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 3 deeds read
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Etterbeek
Ground area
411 m²
Building footprint
161 m²
Building volume
2,167 m³
Parcel 21363B0319/00K002, Brussels · tallest building 15.9 m. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21363B0319/00K002 | Brussels | 411 m² | 1 · 161 m² | 15.8 m · 5 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- “Délai déterminé par la loi, 1040 Etterbeek, Rue Baron de Castro 35” (deed in French)
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Asset distribution: “Actif restant, proportionnellement au nombre d'actions détenues par les actionnaires” (deed in French)1 more provision in the deed, see the deed of 27-04-2026
Read from the deeds: 3 provisions, deed of 27-04-2026