BOREON
ActiveSummary
The computed 12-month bankruptcy probability of BOREON is 1.6% (moderate). The 2025 annual accounts show equity of €201,184 and a net result of €41,198. Equity is growing by ~39.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 7598 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-1
Solvency89▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 2.53 against 2.38 in 2024; short-term debt: 32.1% and cash: 0.2% of total assets), and 36.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.6%
Return on assets
13%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
2 d early
2024
14 d late
2023
132 d late
2022
113 d late
2021
477 d late
2020
4 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 123 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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 21 November (4 of the last 5 filed years within 115 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€201,184▲ 25.8%
2024 · €159,986
Total assets
€316,334▲ 43.8%
2024 · €219,982
Net result
€41,198▲ 34.9%
2024 · €30,530
Working capital
€154,972▲ 86.9%
2024 · €82,928
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
Line20212022202320242025
Operating result-€6,042-€54,674▼ 805%€183,071€45,237▼ 75.3%€58,264▲ 28.8%
Net result-€11,244below the sector's middle half-€62,627below the sector's middle half▼ 457%€150,712above the sector's middle half€30,530above the sector's middle half▼ 79.7%€41,198above the sector's middle half▲ 34.9%
Equity€41,371within the sector's middle half▼ 21.4%-€21,256below the sector's middle half€129,456above the sector's middle half€159,986above the sector's middle half▲ 23.6%€201,184above the sector's middle half▲ 25.8%
Total assets€161,269within the sector's middle half▲ 58.1%€114,115within the sector's middle half▼ 29.2%€265,160within the sector's middle half▲ 132%€219,982within the sector's middle half▼ 17.0%€316,334above the sector's middle half▲ 43.8%
Debt€119,899▲ 143%€135,371▲ 12.9%€135,704▲ 0.2%€59,996▼ 55.8%€115,150▲ 91.9%
Working capital€19,316within the sector's middle half▼ 46.9%-€43,726below the sector's middle half€68,171within the sector's middle half€82,928above the sector's middle half▲ 21.6%€154,972above the sector's middle half▲ 86.9%
Solvency25.7%within the sector's middle half▼ 25.9pp-18.6%below the sector's middle half▼ 44.3pp48.8%within the sector's middle half▲ 67.4pp72.7%above the sector's middle half▲ 23.9pp63.6%within the sector's middle half▼ 9.1pp
Current ratio1.16within the sector's middle half▼ 0.570.68below the sector's middle half▼ 0.481.50within the sector's middle half▲ 0.832.38within the sector's middle half▲ 0.882.53within the sector's middle half▲ 0.14
Return on assets (ROA)-7.0%below the sector's middle half▼ 55.2pp-54.9%below the sector's middle half▼ 47.9pp56.8%above the sector's middle half▲ 111.7pp13.9%within the sector's middle half▼ 43.0pp13.0%within the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €316,334
Fixed assets
€59,780 ▼ 22.4%
Current assets
€256,553 ▲ 79.5%
Equity and liabilities €316,334
Equity
€201,184 ▲ 25.8%
Debt
€115,150 ▲ 91.9%
Debt's share of the balance-sheet total rises from 27.3% to 36.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€77,542▲
2024 · €60,869
Cash flow
€60,476▲
2024 · €46,161
Quick ratio
1.95▼
2024 · 2.38
Debt to equity
0.57▲
2024 · 0.38
ROE
20.5%▲
2024 · 19.1%
Interest coverage
8.68▼
2024 · 8.88
Debt ≤ 1 year
€101,581▲
2024 · €59,996
Debt > 1 year
€13,569
Income taxes
€11,414▲
2024 · €8,905
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,932 | - | - | - |
| Remuneration, social security and pensions62 | €3,296 | €17,323 | €247 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,396 | €8,076 | €8,806 | €15,631 | €19,278 | ▲ 23.3% |
| Other operating charges640/8 | €973 | €1,462 | €1,855 | €1,588 | €3,595 | ▲ 126% |
| Operating charges capitalised as restructuring costs649 | - | - | - | - | €0 | - |
| Gross operating margin9900 | €3,624 | -€27,813 | €193,980 | €62,457 | €81,137 | ▲ 29.9% |
| Operating profit (loss)9901 | -€6,042 | -€54,674 | €183,071 | €45,237 | €58,264 | ▲ 28.8% |
| Financial income75/76B | €39 | €0 | €1,405 | €1,050 | €3,281 | ▲ 213% |
| Recurring financial income75 | €39 | €0 | €1,405 | €1,050 | €3,281 | ▲ 213% |
| Financial charges65/66B | €5,241 | €7,953 | €12,008 | €6,852 | €8,934 | ▲ 30.4% |
| Recurring financial charges65 | €5,241 | €7,953 | €12,008 | €6,852 | €8,934 | ▲ 30.4% |
| Profit (loss) for the period before taxes9903 | -€11,244 | -€62,627 | €172,468 | €39,435 | €52,612 | ▲ 33.4% |
| Income taxes67/77 | - | - | €21,756 | €8,905 | €11,414 | ▲ 28.2% |
| Profit (loss) for the period9904 | -€11,244 | -€62,627 | €150,712 | €30,530 | €41,198 | ▲ 34.9% |
| Profit (loss) for the period to be appropriated9905 | -€11,244 | -€62,627 | €150,712 | €30,530 | €41,198 | ▲ 34.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161,269 | €114,115 | €265,160 | €219,982 | €316,334 | ▲ 43.8% |
| Fixed assets21/28 | €22,055 | €22,470 | €61,286 | €77,058 | €59,780 | ▼ 22.4% |
| Tangible fixed assets22/27 | €22,055 | €22,470 | €61,286 | €77,058 | €59,780 | ▼ 22.4% |
| Plant, machinery and equipment23 | €18,825 | €15,460 | €6,527 | €6,838 | €7,126 | ▲ 4.2% |
| Furniture and vehicles24 | €3,230 | €7,010 | €54,758 | €70,220 | €52,655 | ▼ 25.0% |
| Current assets29/58 | €139,214 | €91,645 | €203,875 | €142,923 | €256,553 | ▲ 79.5% |
| Stocks and contracts in progress3 | - | - | - | - | €58,747 | - |
| Stocks30/36 | - | - | - | - | €58,747 | - |
| Amounts receivable within one year40/41 | €137,031 | €89,054 | €192,291 | €125,463 | €190,153 | ▲ 51.6% |
| Trade receivables40 | €119,139 | €75,717 | €117,838 | €66,019 | €100,755 | ▲ 52.6% |
| Other amounts receivable41 | €17,892 | €13,337 | €74,453 | €59,444 | €89,398 | ▲ 50.4% |
| Cash at bank and in hand54/58 | - | €0 | €5,865 | €10,491 | €484 | ▼ 95.4% |
| Deferred charges and accrued income490/1 | €2,183 | €2,592 | €5,719 | €6,970 | €7,169 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161,269 | €114,115 | €265,160 | €219,982 | €316,334 | ▲ 43.8% |
| Equity10/15 | €41,371 | -€21,256 | €129,456 | €159,986 | €201,184 | ▲ 25.8% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €47,615 | €47,615 | €47,615 | €47,615 | €47,615 | = |
| Distributable reserves133 | €47,615 | €47,615 | €47,615 | €47,615 | €47,615 | = |
| Profit (loss) carried forward14 | -€11,244 | -€73,871 | €76,841 | €107,371 | €148,569 | ▲ 38.4% |
| Amounts payable17/49 | €119,899 | €135,371 | €135,704 | €59,996 | €115,150 | ▲ 91.9% |
| Amounts payable after more than one year17 | - | - | - | - | €13,569 | - |
| Financial debts170/4 | - | - | - | - | €13,569 | - |
| Amounts payable within one year42/48 | €119,899 | €135,371 | €135,704 | €59,996 | €101,581 | ▲ 69.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,195 | - |
| Financial debts43 | €25,456 | €13,942 | €17,990 | - | €46,739 | - |
| Credit institutions430/8 | €25,456 | €13,942 | €17,990 | - | €46,739 | - |
| Trade debts44 | €59,625 | €90,222 | €68,958 | €10,649 | €12,728 | ▲ 19.5% |
| Suppliers440/4 | €59,625 | €90,222 | €68,958 | €10,649 | €12,728 | ▲ 19.5% |
| Taxes, remuneration and social security45 | €31,706 | €24,236 | €24,297 | €30,747 | €20,319 | ▼ 33.9% |
| Taxes450/3 | €17,741 | €10 | €21,766 | €30,661 | €20,319 | ▼ 33.7% |
| Remuneration and social security454/9 | €13,964 | €24,226 | €2,531 | €86 | - | - |
| Other amounts payable47/48 | €3,112 | €6,972 | €24,459 | €18,600 | €18,600 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,244 | -€62,627 | €150,712 | €30,530 | €41,198 | ▲ 34.9% |
| + Depreciation and write-downs630 | €5,396 | €8,076 | €8,806 | €15,631 | €19,278 | ▲ 23.3% |
| Operating cash flow (approximation) | -€5,848 | -€54,551 | €159,519 | €46,161 | €60,476 | ▲ 31.0% |
| Investment in fixed assets (approximation) | - | -€8,491 | -€47,623 | -€31,404 | -€2,000 | ▲ 93.6% |
| Change in cash | - | - | €5,865 | €4,626 | -€10,007 | ▼ 316% |
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
Next filing, fiscal year 2026, expected by
2026
10-08
State Gazette act
Resignation: Vermeylen Bart (director)Director discharge3 facts ▸
State Gazette act
Resignation: Vermeylen Bart (director)
Director discharge3 facts ▸
- Director resignation, Vermeylen Bart (director)
- Director discharge, Vermeylen Bart (director)
- Director in office, Vandenbroucke Robrecht (director)
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200,000Eq €201,184 ▲25.8%
3 profitable years in a row build equity to €201,184.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-12
Financial
Equity above €150,000Eq €159,986 ▲23.6%
2 profitable years in a row build equity to €159,986.
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 132 days late
2023
31-12
Financial
Back to profitnet €150,712
Net result €150,712 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.50
Current ratio from 0.68 to 1.50.
31-12
Financial
Equity above €100,000Eq €129,456
Equity rises from -€21,256 to €129,456.
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 113 days late
20-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 477 days late
2022
31-12
Financial
Weakest financial yearnet -€62,627
Net result drops to -€62,627, the lowest in the series; recovery starts the following year.
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Dilsen-Stokkem · 1 establishment unit since 2020
Ground area
663 m²
Building footprint
142 m²
Volume, LiDAR
676 m³
Parcel 72005A0477/00R000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BOREON
since 20202.300.799.715
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72005A0477/00R000 | Flanders | 663 m² | 1 · 141 m² | 6.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Vermeylen Bart |
|
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Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,086 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
Founded26-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43240Other construction installation
43350Other building finishing work
43410Roofing work
Contact
Website
www.boreon.be
E-mail
info@boreon.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0740501562
Also
9925:BE0740501562
Registered
30-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.