BORCALOR
InactiveFinancials · financial year 2024, abbreviated format
2024 annual accounts filed late (28 days) Filed on 28 February 2025, deadline 31 January 2025 (7 months after the close on 30 June 2024, Companies Code art. 3:10). Source: NBB, 2025-00042637.
Turnover
≈ €2.2m
Estimated: probably between €1.5m and €3.7m
Total assets
€4.7m▲ 2.1%
2023 · €4.6m
Net result
-€1.4m
2023 · €62,095
Working capital
-€1.3m▼ 522%
2023 · -€213,765
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result turns negative in 2024: a loss of €1.2m after €86,208 in 2023, 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-€1.2m
2024
Net result-€1.4m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.7m
2024
Equity-€0.6m
2024
Debt€5.2m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.3m
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)23.4
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€0.1m-€0.1m▼ 23.5%€0.4m▲ 250%-€0.1m€0.09m-€1.2m
Net result€0.1m-€0.08m▼ 21.4%€0.3m▲ 233%-€0.1m€0.06m-€1.4m
Equity€0.9m-€1.0m▲ 8.9%€0.8m▼ 21.5%€0.7m▼ 16.0%€0.7m▲ 9.2%-€0.6m
Total assets€1.7m-€1.9m▲ 10.8%€1.4m▼ 26.9%€1.6m▲ 17.4%€4.6m▲ 182%€4.7m▲ 2.1%
Debt€0.7m-€0.8m▲ 14.0%€0.5m▼ 34.6%€0.9m▲ 67.3%€3.8m▲ 318%€5.2m▲ 38.4%
Working capital€0.9m-€1.0m▲ 13.5%€0.8m▼ 20.9%€0.7m▼ 12.7%-€0.2m-€1.3m▼ 522%
Staff (FTE)15.9-16.2▲ 1.9%16.7▲ 3.1%15.3▼ 8.4%15▼ 2.0%23.4▲ 56.0%
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.7m
Fixed assets
€832,590 ▼ 20.7%
Current assets
€3.9m ▲ 8.8%
Equity and liabilities
Equity-€612,898
Debt€5.2m
Equity is negative: debt (€5.2m) exceeds the balance-sheet total (€4.7m).
Key figures and ratios
EBITDA
-€960,332▼
2023 · €101,319
Cash flow
-€1.1m▼
2023 · €77,206
Solvency
-13.1%▼
2023 · 16.1%
Current ratio
0.74▼
2023 · 0.94
Quick ratio
0.50▼
2023 · 0.67
ROA
-28.8%▼
2023 · 1.4%
Interest coverage
-5.60▼
2023 · 2.11
Debt ≤ 1 year
€5.2m▲
2023 · €3.8m
Income taxes
€579▼
2023 · €790
Staff costs
€1.9m▲
2023 · €1.1m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.003m | €0.007m | - | - |
| Remuneration, social security and pensions62 | - | - | - | €1.0m | €1.1m | €1.9m | ▲ 71.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.03m | €0.03m | €0.04m | €0.02m | €0.2m | ▲ 15× |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.005m | €0.01m | €0.3m | ▲ 19× |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0.008m | €0.02m | €0.003m | ▼ 84.6% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.02m | ▲ 47.6% |
| Non-recurring operating charges66A | - | - | - | €0.004m | - | €0.02m | - |
| Gross operating margin9900 | €1.1m | €1.1m | €1.5m | €1.0m | €1.3m | €1.3m | ▲ 0.8% |
| Operating profit (loss)9901 | €0.1m | €0.1m | €0.4m | -€0.1m | €0.09m | -€1.2m | - |
| Financial income75/76B | - | - | - | €0.04m | €0.02m | €0.002m | ▼ 90.7% |
| Recurring financial income75 | €0.04m | €0.03m | €0.03m | €0.04m | €0.02m | €0.002m | ▼ 90.7% |
| Financial charges65/66B | - | - | - | €0.02m | €0.05m | €0.2m | ▲ 257% |
| Recurring financial charges65 | €0.02m | €0.02m | €0.03m | €0.02m | €0.05m | €0.2m | ▲ 257% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.1m | €0.4m | -€0.1m | €0.06m | -€1.4m | - |
| Income taxes67/77 | €0.06m | €0.04m | €0.1m | -€7 | €0.001m | €0.001m | ▼ 26.7% |
| Profit (loss) for the period9904 | €0.1m | €0.08m | €0.3m | -€0.1m | €0.06m | -€1.4m | - |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.08m | €0.3m | -€0.1m | €0.06m | -€1.4m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.7m | €1.9m | €1.4m | €1.6m | €4.6m | €4.7m | ▲ 2.1% |
| Fixed assets21/28 | €0.1m | €0.06m | €0.05m | €0.03m | €1.0m | €0.8m | ▼ 20.7% |
| Intangible fixed assets21 | - | - | - | - | €1.0m | €0.8m | ▼ 20.1% |
| Tangible fixed assets22/27 | €0.1m | €0.06m | €0.05m | €0.03m | €0.05m | €0.04m | ▼ 32.4% |
| Land and buildings22 | - | - | - | €0.004m | €0.007m | €0.005m | ▼ 19.9% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.04m | €0.02m | ▼ 33.4% |
| Furniture and vehicles24 | - | - | - | €0.008m | €0.01m | €0.007m | ▼ 36.4% |
| Financial fixed assets28 | - | - | - | - | €40 | €40 | = |
| Current assets29/58 | €1.6m | €1.8m | €1.3m | €1.6m | €3.5m | €3.9m | ▲ 8.8% |
| Amounts receivable after more than one year29 | - | - | - | €0.03m | €0.03m | €0.02m | ▼ 6.8% |
| Trade receivables290 | - | - | - | €0.03m | €0.03m | €0.02m | ▼ 6.8% |
| Stocks and contracts in progress3 | €0.2m | €0.1m | €0.1m | €0.4m | €1.0m | €1.2m | ▲ 20.7% |
| Stocks30/36 | - | - | - | €0.1m | €0.5m | €0.3m | ▼ 45.6% |
| Contracts in progress37 | - | - | - | €0.3m | €0.5m | €1.0m | ▲ 81.4% |
| Amounts receivable within one year40/41 | €1.1m | €1.4m | €1.1m | €1.1m | €2.5m | €2.6m | ▲ 4.5% |
| Trade receivables40 | - | - | - | €1.0m | €2.4m | €2.5m | ▲ 5.0% |
| Other amounts receivable41 | - | - | - | €0.08m | €0.09m | €0.08m | ▼ 8.5% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.06m | €183 | €112 | €249 | ▲ 122% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.02m | €0.01m | ▼ 38.1% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.7m | €1.9m | €1.4m | €1.6m | €4.6m | €4.7m | ▲ 2.1% |
| Equity10/15 | €0.9m | €1.0m | €0.8m | €0.7m | €0.7m | -€0.6m | - |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.9m | €1.0m | €0.7m | €0.7m | €0.7m | €0.006m | ▼ 99.2% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.7m | €0.7m | - | - |
| Profit (loss) carried forward14 | - | - | - | -€0.1m | -€0.07m | -€0.7m | ▼ 925% |
| Provisions and deferred taxes16 | €0.05m | €0.05m | €0.04m | €0.05m | €0.1m | €0.1m | ▲ 3.4% |
| Provisions for liabilities and charges160/5 | - | - | - | €0.05m | €0.1m | €0.1m | ▲ 3.4% |
| Other liabilities and charges164/5 | - | - | - | €0.05m | €0.1m | €0.1m | ▲ 3.4% |
| Amounts payable17/49 | €0.7m | €0.8m | €0.5m | €0.9m | €3.8m | €5.2m | ▲ 38.4% |
| Amounts payable within one year42/48 | €0.7m | €0.8m | €0.5m | €0.9m | €3.8m | €5.2m | ▲ 38.1% |
| Trade debts44 | €0.3m | €0.2m | €0.3m | €0.5m | €2.7m | €1.2m | ▼ 54.9% |
| Suppliers440/4 | - | - | - | €0.5m | €2.7m | €1.2m | ▼ 54.9% |
| Advances received on contracts in progress46 | - | - | - | €0.2m | €0.3m | €0.6m | ▲ 62.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.2m | ▼ 20.5% |
| Taxes450/3 | - | - | - | €0.007m | €0.005m | €0.007m | ▲ 38.8% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.2m | €0.2m | ▼ 22.0% |
| Other amounts payable47/48 | - | - | - | €0.06m | €0.5m | €3.2m | ▲ 602% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.003m | €0.02m | ▲ 491% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.1m | €0.08m | €0.3m | -€0.1m | €0.06m | -€1.4m | - |
| + Depreciation and write-downs630 | €0.05m | €0.03m | €0.03m | €0.04m | €0.02m | €0.2m | ▲ 15× |
| Operating cash flow (approximation) | €0.2m | €0.1m | €0.3m | -€0.09m | €0.08m | -€1.1m | - |
| Investment in fixed assets (approximation) | - | €0.004m | -€0.02m | -€0.02m | -€1.0m | -€0.003m | ▲ 99.7% |
| Change in cash | - | -€0.02m | -€0.07m | -€0.06m | -€70 | €137 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2024 | abbreviated format | 28-02-2025 | 2025-00042637 |
| 30-06-2023 | abbreviated format | 08-12-2023 | 2023-00527501 |
| 30-06-2022 | abbreviated format | 22-11-2022 | 2022-20524255 |
| 30-06-2021 | abbreviated format | 02-12-2021 | 2021-79400034 |
| 30-06-2020 | abbreviated format | 20-11-2020 | 2020-71600580 |
| 30-06-2019 | abbreviated format | 11-12-2019 | 2019-75900024 |
| 30-06-2018 | abbreviated format | 23-01-2019 | 2019-03300310 |
| 30-06-2017 | abbreviated format | 28-12-2017 | 2017-73300332 |
| 30-06-2016 | abbreviated format | 30-11-2016 | 2016-69000001 |
| 30-06-2015 | abbreviated format | 30-11-2015 | 2015-67900043 |
Subsidies and aid
Flemish government
2023 · 1 entry · €724 awarded · €724 paidSchemes
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.