BORË CONCEPT
ActiveThe file of BORË CONCEPT contains 4 judicial reorganisation notices, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is ≥ 25% (high). The 2024 annual accounts show negative equity (-€60,773) and a net result of €3,880. Equity is shrinking by ~24% per year across the filed fiscal years. Its solvency ranks better than 20% of 18940 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+7
Solvency2▲+1
Growth58=
Track record60
Bankruptcy probability, 12 months
≥ 25%
High
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.07 in 2023; short-term debt: 121.8% and cash: 2.1% of total assets), and equity is negative.
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Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-23.4%
Return on assets
1.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 18940 sector peers (2024).
NBB · sector comparisonPosition among 18940 sector peers
Solvency
better than 20%
← 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 30-08-2025, 30 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
2 d early
2022
31 d late
2021
123 d late
2020
150 d late
2019
126 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 76 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
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3,880▲ 30.9%
2023 · €2,965
Working capital
-€290,715▲ 5.6%
2023 · -€308,101
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
Operating result€27,381▲ 790%€28,685▲ 4.8%€11,472▼ 60.0%€8,238▼ 28.2%€7,616▼ 7.6%
Net result-€102,342below the sector's middle half▼ 560%-€7,386below the sector's middle half▲ 92.8%€22,717within the sector's middle half€2,965within the sector's middle half▼ 86.9%€3,880within the sector's middle half▲ 30.9%
Equity-€82,950below the sector's middle half-€90,335below the sector's middle half▼ 8.9%-€67,618below the sector's middle half▲ 25.1%-€64,653below the sector's middle half▲ 4.4%-€60,773below the sector's middle half▲ 6.0%
Total assets€426,680within the sector's middle half▼ 44.7%€434,786within the sector's middle half▲ 1.9%€280,692within the sector's middle half▼ 35.4%€268,944above the sector's middle half▼ 4.2%€259,690above the sector's middle half▼ 3.4%
Debt€509,630▼ 32.2%€525,121▲ 3.0%€348,310▼ 33.7%€333,597▼ 4.2%€320,463▼ 3.9%
Working capital-€318,079below the sector's middle half▲ 25.9%-€345,463below the sector's middle half▼ 8.6%-€324,366below the sector's middle half▲ 6.1%-€308,101below the sector's middle half▲ 5.0%-€290,715below the sector's middle half▲ 5.6%
Solvency-19.4%below the sector's middle half▼ 22.0pp-20.8%below the sector's middle half▼ 1.3pp-24.1%below the sector's middle half▼ 3.3pp-24.0%below the sector's middle half▲ 0.1pp-23.4%below the sector's middle half▲ 0.6pp
Current ratio0.08below the sector's middle half=0.12below the sector's middle half▲ 0.040.06below the sector's middle half▼ 0.060.07below the sector's middle half▲ 0.010.08below the sector's middle half▲ 0.02
Return on assets (ROA)-24.0%below the sector's middle half▼ 22.0pp-1.7%within the sector's middle half▲ 22.3pp8.1%within the sector's middle half▲ 9.8pp1.1%within the sector's middle half▼ 7.0pp1.5%within the sector's middle half▲ 0.4pp
Staff (FTE)1
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 has fallen three years in a row; 2024 is 8% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €259,690
Fixed assets
€233,977 ▼ 5.5%
Current assets
€25,713 ▲ 19.8%
Key figures and ratios
EBITDA
€21,122▼
2023 · €21,744
Cash flow
€17,386▲
2023 · €16,471
Quick ratio
0.03▼
2023 · 0.03
Debt to equity
-5.27▼
2023 · -5.16
Interest coverage
6.15▲
2023 · 5.32
Debt ≤ 1 year
€316,428▼
2023 · €329,562
Income taxes
€156▼
2023 · €332
Staff costs
€21,158▲
2023 · €14,764
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.1%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: ≥ 25% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €434 | €14,764 | €21,158 | ▲ 43.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,876 | €15,268 | €13,506 | €13,506 | €13,506 | = |
| Other operating charges640/8 | - | €10,078 | €10,566 | €5,712 | €5,435 | ▼ 4.8% |
| Non-recurring operating charges66A | - | - | - | - | €99 | - |
| Gross operating margin9900 | €57,094 | €54,031 | €35,978 | €42,220 | €47,814 | ▲ 13.2% |
| Operating profit (loss)9901 | €27,381 | €28,685 | €11,472 | €8,238 | €7,616 | ▼ 7.6% |
| Financial income75/76B | - | €1 | €17,718 | - | €35 | - |
| Recurring financial income75 | - | €1 | €17,718 | - | €35 | - |
| Financial charges65/66B | - | €36,384 | €6,185 | €4,941 | €3,615 | ▼ 26.8% |
| Recurring financial charges65 | €23,148 | €11,591 | €6,185 | €4,084 | €3,436 | ▼ 15.9% |
| Non-recurring financial charges66B | - | €24,793 | - | €857 | €179 | ▼ 79.1% |
| Profit (loss) for the period before taxes9903 | -€102,342 | -€7,698 | €23,005 | €3,297 | €4,036 | ▲ 22.4% |
| Income taxes67/77 | - | -€312 | €288 | €332 | €156 | ▼ 53.0% |
| Profit (loss) for the period9904 | -€102,342 | -€7,386 | €22,717 | €2,965 | €3,880 | ▲ 30.9% |
| Profit (loss) for the period to be appropriated9905 | -€102,342 | -€7,386 | €22,717 | €2,965 | €3,880 | ▲ 30.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €426,680 | €434,786 | €280,692 | €268,944 | €259,690 | ▼ 3.4% |
| Fixed assets21/28 | €397,289 | €386,472 | €260,784 | €247,483 | €233,977 | ▼ 5.5% |
| Tangible fixed assets22/27 | €397,039 | €386,222 | €260,434 | €246,928 | €233,422 | ▼ 5.5% |
| Land and buildings22 | - | €382,363 | €257,465 | €244,849 | €232,233 | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €3,859 | €2,969 | €2,079 | €1,189 | ▼ 42.8% |
| Financial fixed assets28 | €250 | €250 | €350 | €555 | €555 | = |
| Current assets29/58 | €29,391 | €48,314 | €19,908 | €21,461 | €25,713 | ▲ 19.8% |
| Stocks and contracts in progress3 | - | €12,444 | €14,929 | €10,534 | €15,869 | ▲ 50.6% |
| Stocks30/36 | - | €12,444 | €14,929 | €10,534 | €15,869 | ▲ 50.6% |
| Amounts receivable within one year40/41 | €28,336 | €540 | €1,846 | €6,223 | €3,757 | ▼ 39.6% |
| Trade receivables40 | - | €24 | €629 | €5,463 | €3,217 | ▼ 41.1% |
| Other amounts receivable41 | - | €516 | €1,217 | €760 | €540 | ▼ 28.9% |
| Cash at bank and in hand54/58 | €1,055 | €35,330 | €2,685 | €4,063 | €5,524 | ▲ 36.0% |
| Deferred charges and accrued income490/1 | - | - | €448 | €641 | €563 | ▼ 12.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €426,680 | €434,786 | €280,692 | €268,944 | €259,690 | ▼ 3.4% |
| Equity10/15 | -€82,950 | -€90,335 | -€67,618 | -€64,653 | -€60,773 | ▲ 6.0% |
| Contributions10/11 | - | €298,592 | €298,592 | €298,592 | €298,592 | = |
| Profit (loss) carried forward14 | -€381,542 | -€388,927 | -€366,210 | -€363,245 | -€359,365 | ▲ 1.1% |
| Amounts payable17/49 | €509,630 | €525,121 | €348,310 | €333,597 | €320,463 | ▼ 3.9% |
| Amounts payable after more than one year17 | €161,160 | €127,309 | - | - | - | - |
| Financial debts170/4 | - | €127,309 | - | - | - | - |
| Amounts payable within one year42/48 | €347,470 | €393,777 | €344,274 | €329,562 | €316,428 | ▼ 4.0% |
| Current portion of amounts payable after more than one year42 | - | €36,134 | - | - | - | - |
| Financial debts43 | - | - | - | €1,874 | - | - |
| Credit institutions430/8 | - | - | - | €1,874 | - | - |
| Trade debts44 | €29,982 | €30,685 | €38,368 | €35,855 | €36,467 | ▲ 1.7% |
| Suppliers440/4 | - | €30,685 | €38,368 | €35,855 | €36,467 | ▲ 1.7% |
| Taxes, remuneration and social security45 | - | €8,998 | €8,619 | €17,102 | €14,706 | ▼ 14.0% |
| Taxes450/3 | - | €8,998 | €6,369 | €10,273 | €11,028 | ▲ 7.3% |
| Remuneration and social security454/9 | - | - | €2,250 | €6,829 | €3,678 | ▼ 46.1% |
| Other amounts payable47/48 | - | €317,960 | €297,287 | €274,731 | €265,255 | ▼ 3.4% |
| Accrued charges and deferred income492/3 | - | €4,035 | €4,036 | €4,035 | €4,035 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€102,342 | -€7,386 | €22,717 | €2,965 | €3,880 | ▲ 30.9% |
| + Depreciation and write-downs630 | €14,876 | €15,268 | €13,506 | €13,506 | €13,506 | = |
| Operating cash flow (approximation) | -€87,466 | €7,882 | €36,223 | €16,471 | €17,386 | ▲ 5.6% |
| Investment in fixed assets (approximation) | - | -€4,451 | €112,182 | -€205 | €0 | ▲ 100% |
| Change in cash | - | €34,275 | -€32,645 | €1,378 | €1,461 | ▲ 6.0% |
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
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
25-11
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · event 18-11-2024
15-10
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collective agreement · event 07-10-2024
14-08
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collective agreement · event 06-08-2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
22-05
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collective agreement · event 13-05-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Back to profitnet €22,717
Net result €22,717 after 4 loss-making years.
01-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 123 days late
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 150 days late
2020
31-12
Financial
Weakest financial yearnet -€102,342
Net result drops to -€102,342, the lowest in the series; recovery starts the following year.
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 126 days late
Show earlier events
2019
12-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 104 days late
2018
30-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 152 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 61 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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.
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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, La Louvière · 2 establishment units since 1999
Ground area
417 m²
Building footprint
155 m²
Volume, LiDAR
2,353 m³
2 parcels, Wallonia · tallest building 21.2 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
Quai Arthur Rimbaud 37, 6000 Charleroi
since 19992.091.658.609
MP-IMMO
since 20182.271.533.825
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011D0267/00H030 | Wallonia | 247 m² | 1 · 91 m² | 21.2 m · 6 fl. |
| 55372D0035/00M020 | Wallonia | 170 m² | 1 · 64 m² | 12.2 m · 3 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.
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Of 333 companies in sector 56302 we hold annual accounts for 169. 111 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
Founded03-06-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47721Retail sale of footwear
56302Nightclubs
Contact
Phone
0475/821884La Louvière
E-invoicing
Reachable via Peppol
Peppol ID
0208:0466173387
Also
9925:BE0466173387
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.