Turnover
≈ €310,000 estimated
The micro format states no turnover.
BOREE SOLUTIONS
Overview
Lifetime
1 annual account with figurespeak €81,201 (2025)
€81,201
peak €58,408 (2025)
€58,408
peak €64,408 (2025)
€64,408
€59,674
Board3 names since 2025
3 directorsBONNEJONNE Jean-François Patrick and 2 others
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Incorporation 15-011 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsStarting capital
€6,000 120 shares
Position in the sector
€58,408
Higher net result than 89% of companies in specialised construction. Sector median €10,184 · 35,124 companies.
2025 accounts filed 61 days after the deadline
Checked score
67
Healthy
Financially stronger than 69% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2026: 1.9%
03-2026: 1.9%● unchanged vs 02-2026
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 2.4%▲ +0.5 percentage points vs 04-2026
06-2026: 2.4%● unchanged vs 05-2026
07-2026: 2.7%▲ +0.3 percentage points vs 06-2026
08-2026: 3.0%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 3.0%● unchanged vs 08-2026highest value
10-2026: 1.1%▼ -1.9 percentage points vs 09-2026lowest value
11-2026: 1.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2025
Size: total assets €124,082
Last filed accounts filed 61 days late; 1 of the last 3 accounts late
lowers risk
Liquidity: current ratio 2.25, cash €24,157
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 43, micro). It does better than 56% of them on solvency, 59% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% 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, 11,279 companies had the same profile as BOREE SOLUTIONS has now. Each dot stands for 29 companies, two years later.
96.6%
were still trading
2.6%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of BOREE SOLUTIONS itself is higher: 1.1% within 12 months. It rests on far more data about BOREE SOLUTIONS than the profile alone.
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 11,279 companies, not a prediction for BOREE SOLUTIONS. 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 €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.25, above the usual 1.5. Short-term debt is 31.7% and cash 19.5% of total assets. 48.1% 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 risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
61 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- MASSET Medhy Armand Francis Ghislain founderdeed of 15-01-2025
- BONNEJONNE Jean-François Patrick founderdeed of 15-01-2025
- ELRHANDOUR Emeric founderdeed of 15-01-2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1018628573
Incorporation
Founding capital of €6,000, 120 shares · Founders: MASSET Medhy Armand Francis Ghislain, BONNEJONNE Jean-François Patrick and ELRHANDOUR Emeric · Appointments: MASSET Medhy Armand Francis Ghislain, BONNEJONNE Jean-François Patrick and ELRHANDOUR Emeric · published on 15-01-2025 · Gazette deed
First establishment
Rue des Gaulx (F-E) 246, Fontaine-l'Evêque
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BOREE SOLUTIONS Fontaine-l'Evêque | €124,082 | €81,201 | 51.9% | - |
| FRANCQ-PUISSANT Binche | €115,070 | €87,692 | 13.2% | - |
| HEAT COOL & COMFORT Mons | €128,526 | €80,340 | 62.5% | - |
| Chauffage-Sanitaire Van Elsuwege Thuin | €151,021 | €86,241 | 28.4% | - |
| SIM BUILDING Ghent | €120,657 | €75,819 | 41.5% | - |
| JOWY Deerlijk | €120,204 | €76,760 | 69.5% | - |
| D. Klima Buggenhout | €126,636 | €87,805 | 53.7% | - |
These companies have the same main activity as BOREE SOLUTIONS: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €115,000 and €151,000, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 13-01-2025Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilationNACE 43222and 1 other
- Establishment unit
- 2.368.712.7796140 Fontaine-l'Evêque, since 13-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
Insights on BOREE SOLUTIONS
BOREE SOLUTIONS has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64,408 and a net result of €58,408.
Its solvency ranks better than 56% of 35,136 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-09-2026, 61 days late€81,201
€74,132
€58,408
€49,388
51.9%
2.25
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €310,000. Estimated: probably between €250,000 and €430,000.
Amounts without an identifiable currency are taken as euros.
Balance sheet
balance sheet total €124,082 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
51.9%
Higher than 56% of 35,136 companies in 2025.
2.25
Higher than 60% of 34,510 companies in 2025.
47.1%
Higher than 94% of 34,711 companies in 2025.
BOREE SOLUTIONS
Middle half of the sector
80% of the sector
Micro accounts in specialised construction (NACE 43)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
124,082 | |
20 |
1,506 | |
21/28 |
33,823 | |
21 |
5,119 | |
22/27 |
28,704 | |
23 |
959 | |
25 |
27,745 | |
29/58 |
88,753 | |
40/41 |
64,177 | |
40 |
58,287 | |
41 |
5,890 | |
54/58 |
24,157 | |
490/1 |
420 | |
| Balance sheet: equity and liabilities | ||
10/49 |
124,082 | |
10/15 |
64,408 | |
10/11 |
6,000 | |
14 |
58,408 | |
17/49 |
59,674 | |
17 |
20,308 | |
170/4 |
20,308 | |
42/48 |
39,365 | |
42 |
5,622 | |
44 |
17,246 | |
440/4 |
17,246 | |
46 |
1,730 | |
45 |
14,429 | |
450/3 |
14,429 | |
47/48 |
338 | |
| Income statement | ||
9900 |
81,201 | |
630 |
6,933 | |
640/8 |
136 | |
9901 |
74,132 | |
75/76B |
1 | |
75 |
1 | |
65/66B |
1,296 | |
65 |
1,296 | |
9903 |
72,837 | |
67/77 |
14,429 | |
9904 |
58,408 | |
9905 |
58,408 | |
| Appropriation of the result | ||
9906 |
58,408 | |
| Document | ||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00549039.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00549039 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 81,065 | ||
| 65,341 | ||
| 40,111 | ||
| 49,388 | ||
| 51.9% | ||
| 2.25 | ||
| 0.93 | ||
| 90.7% | ||
| 47.1% | ||
| 62.56 |
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.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €34,942 |
| Intangible fixed assets | €5,169 |
| €6,933 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on BOREE SOLUTIONS
Debt's share of the balance-sheet total is 48.1%.
Board & ownership
Board
3 directors, since incorporationDirector
since 13-01-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 30-09-2026
Director
since 13-01-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 30-09-2026
Director
since 13-01-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 30-09-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “12° Administration : La société est administrée par un ou plusieurs administrateurs, actionnaires ou non, nommés par l'assemblée générale…”deed of 15-01-2025
Mandates through the years
3 names, the dashed line is todayBONNEJONNE Jean-François Patrick
Director
Director
ELRHANDOUR Emeric
Director
Director
Board
Mandates as a list
- BONNEJONNE Jean-François Patrick
- Director, from 13-01-2025 to date
- ELRHANDOUR Emeric
- Director, from 13-01-2025 to date
- MASSET Medhy Armand Francis Ghislain
- Director, from 13-01-2025 to date
Control
This company
BOREE SOLUTIONS
Equity €64,408
Profit €58,408 in 2025
Capital
- Contribution
- €6,000
- Shares
- 120
- Contribution per share
- €50
- Equity per share
- €537 in 2025
- Source
- deed of 15-01-2025
Articles of association
deed of 15-01-2025 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 17:00
Founders
At incorporation
deed of 15-01-2025 ↗
- MASSET Medhy Armand Francis Ghislain founder
- BONNEJONNE Jean-François Patrick founder
- ELRHANDOUR Emeric founder
Network & group
No group
BOREE SOLUTIONS has no parent and no holdings in its annual accounts. BOREE SOLUTIONS shares no director with another company.
Timeline
Timeline
4 events since 2025Filings
Establishments
20252026
2026
Annual accounts 2025 filed NBBmicro format · 61 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1018628573
IncorporationFounding capital of €6,000, 120 shares · Founders: MASSET Medhy Armand Francis Ghislain, BONNEJONNE Jean-François Patrick and ELRHANDOUR Emeric · Appointments: MASSET Medhy Armand Francis Ghislain, BONNEJONNE Jean-François Patrick and ELRHANDOUR Emeric · published on 15-01-20258 points ▸
- Founder, MASSET Medhy Armand Francis Ghislain (actionnaire fondateur)
- Founder, BONNEJONNE Jean-François Patrick (actionnaire fondateur)
- Founder, ELRHANDOUR Emeric (actionnaire fondateur)
- Founding capital, €6,000, 120 shares
- Director appointment, MASSET Medhy Armand Francis Ghislain
- Director appointment, BONNEJONNE Jean-François Patrick
- Director appointment, ELRHANDOUR Emeric
- Registered office clause, Fontaine-l’Evêque, rue des Gaulx 246
- The deed holds 1 more point.
First establishment Rue des Gaulx (F-E) 246, Fontaine-l'Evêque
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1018.628.573
- VAT number
- BE 1018.628.573
- Peppol ID
- 0208:1018628573
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 13-01-2025
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 17:00deed of 15-01-2025 (in French)
- Peppol
- Reachable since 18-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- BOREE SOLUTIONS in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 15-01-2025 (in French)
Activities
NACEBEL 202543222
Installation of electric heating, air conditioning, cooling and ventilation main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’activité d’installation,d’entretien ou de réparation de systèmes de ventilation; L’activité d’installation,d’entretien ou de réparation de…”deed of 15-01-2025 (in French)
12 activities
- L’activité d’installation,d’entretien ou de réparation de systèmes de ventilation
- L’activité d’installation,d’entretien ou de réparation de conditionnement d’air
- L’activité d’installation,d’entretien ou de réparation de pompes à chaleur
- L’activité d’installation,d’entretien ou de réparation de systèmes de chauffage
- L’activité d’installation,d’entretien ou de réparation de systèmes de refroidissement
- Tous travaux de plomberie
- L’installation de tuyauterie
- Systèmes de lutte contre l’incendie
- La réalisation de travaux de pose de plafonds tendus
- La décoration intérieure ou extérieure
- La peinture
- La tapisserie
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue des Gaulx (F-E) 246 registered office 6140 Fontaine-l'Evêque | 13-01-2025 | 2.368.712.779 |
Buildings and parcels at the address
- Ground area
- 386 m²
- Buildings
- 113 m²
- Volume, LiDAR
- 1,001 m³
- Tallest building
- 13.9 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 52022B0404/00H000 | 386 m² | 1 · 113 m² | 13.9 m · 3 |
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 1018.628.573