Financials
- Fiscal year
- 2025
- Total assets
- €449,783
- Profit
- €33,629
- Solvency
- -1.8%
Total assets▲ 5.9%
Net result
20182025
BOREA
ActiveSummary
BOREA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€8,319) and a net result of €33,629. Equity is growing by ~26.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 34931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
Size
€449,783total assets 2025
- Staff
- 1 FTE
- Equity
- -€8,319
- Profit
- €33,629
Turnover not published (abridged schema)
Structure
Accounts filed 27 d late0 of 8 deeds read
Why 55Capped at 59: negative equity- Negative equity -€8,319+ Size: total assets €449,783+ Figures for FY 2025 (filed 27-08-2026)+ Founded in 1987Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 38% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency
23+8
equity -1.8% of total assets
Liquidity
50-2
short-term debt 14.1% · cash 1.7%
Profitability
56+33
return on assets 7.5%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 5 months
06-2026: 0.3%
07-2026: 0.3%▲ +12.9% vs 06-2026
08-2026: 0.5%▲ +67.0% vs 07-2026highest value
09-2026: 0.2%▼ -66.2% vs 08-2026lowest value
10-2026: 0.2%● 0.0% vs 09-2026lowest value
- Size: total assets €449,783 lowers the probability for this profile
- Negative equity -€8,319 raises the probability
- Figures for FY 2025 (filed 27-08-2026) lowers the probability
- Founded in 1987 lowers the probability for this profile
No credit on open account
Liquidity short (current ratio 0.88 against 0.47 in 2024; short-term debt: 14.1% and cash: 1.7% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 8%, liquidity 30%, profitability 26%, growth against the median 87%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 34931 sector peers (2025).
NBB · sector comparisonPosition among 34931 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
59 d early
2023
42 d early
2022
17 d early
2021
30 d late
2020
18 d late
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 14 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Back to profitnet €33,629
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 27-08-2026Annual accounts filed
- 31-12-2025Back to profit
- 02-06-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 16-11-1987
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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