Equity
€263,879 ▲ 161%
Equity rose in 2025 from €101,280 to €263,879.
Bordon Technics
Overview
Lifetime
2 annual accounts with figures on one time axispeak €357,448 (2025)
€357,448▲ 14.0%
peak €162,599 (2025)
€162,599▲ 61.0%
peak €263,879 (2025)
€263,879▲ 161%
€594,684▲ 43.0%
peak 1.1 FTE (2025)
1.1 FTE
Board1 name since 2023
1 directorJosia Bordon
Documentsfilings and deeds
18-12-202544 days before the deadline
2025abbreviated format
Gross margin from €313,433 to €357,448Result from €100,980 to €162,599Equity from €101,280 to €263,879Debts from €416,004 to €594,684Investments €82,576Cash from €90,503 to €282,416
Key points
from the 2025 annual accountsDebts
€594,684 ▲ 43.0%
Debts rose by €178,680 in 2025.
Investments
€80,656 1.8 × depreciation
Green is investment, beige is depreciation. Machinery stands 62.0% higher than in 2024.
Checked score
84
Excellent
Financially stronger than 63% of micro companies in repair and installation of machinery (NACE 33)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 2,397 companies (NACE 33, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.9%
01-2025: 3.0%▲ +0.1 percentage points vs 12-2024highest value
02-2025: 2.9%▼ -0.1 percentage points vs 01-2025
03-2025: 0.6%▼ -2.3 percentage points vs 02-2025
04-2025: 0.7%▲ +0.1 percentage points vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.7%● unchanged vs 06-2025
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.4%▼ -0.3 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026lowest value
10-2026: 0.5%▲ +0.1 percentage points vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Founded in 2023
lowers risk
Liquidity: current ratio 1.11, cash €282,416
Figures for financial year 2025 (filed on 22-12-2025)
Size: 1.1 FTE, total assets €858,563
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, micro). It does better than 34% of them on solvency, 52% on liquidity, 71% on profitability and 94% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as Bordon Technics has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Bordon Technics itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for Bordon Technics. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.11 (0.87 in 2024), below the usual 1.5. Short-term debt is 66.8% and cash 32.9% of total assets. 69.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
44 days early
2024
3 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 21 days before the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end08-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0801312446
Incorporation
Founding capital of €300, 600 shares · Founder: Josia Bordon · Appointment: Josia Bordon (director) · published on 03-05-2023 · Gazette deed
First establishment
Lauwestraat 106, Menen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Bordon Technics Menen | €0.9m | €357,448 | 30.7% | 1.1 |
| TechniMac Nassogne | €0.7m | €271,154 | 60.4% | 1.9 |
| Environ Engineering NV Veurne | €0.8m | €234,072 | 31.5% | 1.9 |
| DAUCHY ALVERINGEM Alveringem | €1.3m | €372,948 | 9.1% | 1.9 |
| VERVAEKE - BOURY Langemark-Poelkapelle | €1.4m | €368,450 | 26.0% | 0.3 |
| VB Maintenance Jalhay | €0.9m | €205,138 | 16.0% | 1.2 |
| Hoerens Landbouwmechanisatie Zottegem | €1.1m | €307,635 | 20.6% | 2.1 |
These companies have the same main activity as Bordon Technics: repair and maintenance of machinery (NACE 33120). They are comparable in size and age: total assets between €655,000 and €1.4m, founded between 2020 and 2024.
Official details
Source: KBO- Status
- Active since 01-05-2023Normal situation
- Activity
- Repair and maintenance of machineryNACE 33120and 4 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 105Non-ferrous metals · annual accounts 30-06-2025
- Establishment unit
- 2.344.976.1868930 Menen, since 01-05-2023
- Financial year end
- 30 June
- Peppol
- Reachable since 28-03-2025
Annual accounts to 30-06-2025
- €357,448▲ 14.0%
- ≈ €840,000estimated
- €162,599▲ 61.0%
- €263,879▲ 161%
- €858,563▲ 66.0%
- Employeeson 30-06-2025
- 1=
- Filing
- Filed on 18-12-2025, 44 days before the end of the filing period
Insights on Bordon Technics
Bordon Technics has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €263,879 and a net result of €162,599.
Its solvency ranks better than 39% of 600 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 18-12-2025, 44 days before the deadline€357,448
▲ 14.0%
€222,545
▲ 52.7%
€162,599
▲ 61.0%
€60,318
▲ €110,556
30.7%
▲ 11.2 percentage points
1.11
▲ 0.24
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €840,000. Estimated: probably between €510,000 and €1.4m.
Balance sheet
balance sheet total €858,563 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
30.7%
Higher than 39% of 600 companies in 2025.
1.11
Higher than 29% of 590 companies in 2025.
18.9%
Higher than 84% of 595 companies in 2025.
Bordon Technics
Middle half of the sector
80% of the sector
Abbreviated accounts in repair and installation of machinery (NACE 33)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half
Staff
€80,422
Staff costs divided by the average number of full-time equivalents.
people who joined
people who left
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
858,563 | 517,284 | |
21/28 |
224,413 | 187,551 | |
22/27 |
222,493 | 187,551 | |
23 |
146,350 | 90,340 | |
24 |
76,144 | 97,210 | |
28 |
1,920 | - | |
29/58 |
634,150 | 329,733 | |
40/41 |
343,254 | 231,778 | |
40 |
343,160 | 231,778 | |
41 |
95 | - | |
54/58 |
282,416 | 90,503 | |
490/1 |
8,480 | 7,453 | |
| Balance sheet: equity and liabilities | |||
10/49 |
858,563 | 517,284 | |
10/15 |
263,879 | 101,280 | |
10/11 |
300 | 300 | |
13 |
263,579 | 100,980 | |
133 |
263,579 | 100,980 | |
17/49 |
594,684 | 416,004 | |
17 |
20,852 | 36,032 | |
170/4 |
20,852 | 36,032 | |
42/48 |
573,832 | 379,971 | |
42 |
15,180 | 17,696 | |
44 |
369,631 | 119,712 | |
440/4 |
369,631 | 119,712 | |
45 |
69,731 | 51,651 | |
450/3 |
60,919 | 39,985 | |
454/9 |
8,812 | 11,666 | |
47/48 |
119,290 | 190,912 | |
| Income statement | |||
76A |
0 | 5,000 | |
9900 |
357,448 | 313,433 | |
62 |
88,464 | 128,054 | |
630 |
45,713 | 38,985 | |
640/8 |
725 | 675 | |
9901 |
222,545 | 145,719 | |
75/76B |
277 | - | |
75 |
277 | - | |
65/66B |
13,131 | 16,465 | |
65 |
13,131 | 16,465 | |
9903 |
209,691 | 129,253 | |
67/77 |
47,092 | 28,273 | |
9904 |
162,599 | 100,980 | |
9905 |
162,599 | 100,980 | |
| Appropriation of the result | |||
9906 |
162,599 | 100,980 | |
691/2 |
162,599 | 100,980 | |
6921 |
162,599 | 100,980 | |
| Social balance sheet | |||
9087 |
1.1 | 1.5 | |
Hours worked1013 |
2,159 | 3,508 | |
| Document | |||
The notes to these accounts have 16 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 18-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 268,259 | 184,704 | ||
| 208,313 | 139,965 | ||
| 82,576 | 240,536 | ||
| 191,913 | - | ||
| 60,318 | -50,238 | ||
| 30.7% | 19.6% | ||
| 1.11 | 0.87 | ||
| 2.25 | 4.11 | ||
| 61.6% | 99.7% | ||
| 18.9% | 19.5% | ||
| 20.43 | 11.22 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | 1 |
| full-time | 1 | 1 |
| part-time | 0 | 0 |
| in full-time equivalents | 1 | 1 |
| 1.1 | 1.5 | |
| On a permanent contract | 1 | 1 |
| Joined | - | 5 |
| Left | - | 4 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Debts secured on the company's own assets | €36,032 | - |
| Carrying value of the other pledged assets | - | €91,612 |
Source: notes to the 2024 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 |
|---|---|---|
| Tangible fixed assets | €80,656 | €240,536 |
| Financial fixed assets | €1,920 | - |
| €45,713 | €38,985 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on Bordon Technics
The operating result for 2025 is 53% higher than in 2024.
Debt's share of the balance-sheet total falls from 80.4% to 69.3%. Equity and debt are higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 03-05-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 18-12-2025
Mandates through the years
1 name, the dashed line is todayJosia Bordon
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- Josia Bordon
- Director (not named in the articles), appointed by deed of 03-05-2023, still in office
Control
Capital
- Contribution
- €300
- Shares
- 600
- Contribution per share
- €0.50
- Equity per share
- €440 in 2025
- Source
- deed of 03-05-2023
Articles of association
deed of 03-05-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Kan voorzitter kiezen onder leden;bij verhindering of niet-benoeming duiden aanwezige bestuurders voorzitter aan, college van bestuurders…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of December at 20:00
Shareholders
At incorporation
deed of 03-05-2023 ↗
- Josia Bordon 600 shares (100%) · €300 in cash
Network & group
No group
Bordon Technics has no parent and no holdings in its annual accounts. Josia Bordon is the only director. Bordon Technics shares no director with another company.
At the same address
Lauwestraat 106, 8930 Menen · 2 other companies| Rommelaere, Oyti (sole trader)
establishment since 15-04-2019 |
founded in 2019 0723.795.588 |
| Liefooghe, Dorine (sole trader)
establishment since 01-04-1985 |
founded in 1985 0527.712.068 |
Timeline
Timeline
6 events since 2023Filings
Financial
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-01-2027
2025
Annual accounts 2025 filed PDFabbreviated format · 44 days before the deadline
Equity above €200,000 equity €263,879 ▲161% With a profit in every financial year since 2024, equity grows to €263,879.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0801312446
Annual accounts 2024 filed PDFmicro format · 3 days late
2023
IncorporationFounding capital of €300, 600 shares · Founder: Josia Bordon · Appointment: Josia Bordon (director) · published on 03-05-20233 points ▸
- Founder, Josia Bordon
- Founding capital, €300, 600 shares
- Director appointment, Josia Bordon (director (not named in the articles))
- The deed holds 3 more points.
First establishment Lauwestraat 106, Menen
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Bordon Technics was incorporated on 1 May 2023 as a private limited company by one natural person, with a starting capital of €300.12 Josia Bordon is director of the company, appointed by deed of 03-05-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0801.312.446
- VAT number
- BE 0801.312.446
- Peppol ID
- 0208:0801312446
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 01-05-2023
- Financial year
- ends on 30 June
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of December at 20:00deed of 03-05-2023 (in Dutch)
- Peppol
- Reachable since 28-03-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Bordon Technics in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 03-05-2023 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Bordon Technicsdeed of 03-05-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”“Lauwestraat 106 bus D, 8930 Menen (Rekkem)”deed of 03-05-2023 (in Dutch)
Activities
NACEBEL 2025VAT activities
33120
Repair and maintenance of machinery main activity
25530
Machining of metals
Social security (RSZ) activities
33120
Repair and maintenance of machinery main activity
Joint committees annual accounts 30-06-2025
JC 111
Metal, mechanical and electrical engineering
JC 105
Non-ferrous metals
Codes under NACEBEL 2008
VAT activities
33120
Repair, maintenance and installation of machinery and equipment main activity
25620
Manufacture of fabricated metal products, except machinery and equipment
25739
Manufacture of fabricated metal products, except machinery and equipment
43999
Specialised construction activities
82990
Other business support services
Social security (RSZ) activities
33120
Repair, maintenance and installation of machinery and equipment main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Beheer van een eigen roerend en onroerend vermogen; Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle…”deed of 03-05-2023 (in Dutch)
5 activities
- Beheer van een eigen roerend en onroerend vermogen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen; de aan- en verkoop, huur en verhuur van roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbonnen of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen.
- Het repareren van machines. Het uitvoeren van onderhouds- en herstellingswerken van mechanische aard voor derden. Het boren, draaien, frezen, vonkerosief bewerken, schaven, lappen, trekfrezen, vlakken, zagen, slijpen, lassen, enz. van metalen stukken. Het leveren van goederen en diensten, het verhuren van machines en materiaal, het ter beschikking stellen van personeel in deze en aanverwante sectoren.
- Het verlenen van bijstand, advies en leiding aan bedrijven, privé-personen en instellingen, voornamelijk doch niet uitsluitend op het vlak management, organisatie, engineering, consulting, coaching, franchising, productie en ontwikkeling, processing, aankoop, sales, marketing, administratie, alsook het ter beschikking stellen en het huren en verhuren van personeel hiervoor, dit alles in de meest ruime betekenis.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Lauwestraat 106 registered office 8930 Menen | 01-05-2023 | 2.344.976.186 |
Buildings and parcels at the address
- Ground area
- 1,748 m²
- Buildings
- 142 m²
- Volume, LiDAR
- 730 m³
- Tallest building
- 7.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34032A0019/00F000 | 1,748 m² | 1 · 141 m² | 7.9 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0801.312.446