Active BE 0477.811.607Private limited company

BORG

Breestraat 26 ·3500 Hasselt, Belgium· 24 yrs active

Sector: Computer consultancy and computer facilities management (62200)

Conclusion Checked

BORG has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309k and a net result of €29k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 2768 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€309k
Net result	€29k
Better than sector	57%
Active	24 yrs

Financial profile 5 of 5 axes measured · computed by Checked

84 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 94

Profitability 46

Solvency 100

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.1% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 2002, 24 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

94 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€30k

estimate, not credit advice

Score history

86 2023

86 2024

94 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 3.94 (≥ 1.5) +10

Quick ratio Quick ratio 3.94 (≥ 1.0) +5

Leverage Debt/equity 0.45 (< 1.0) +10

Profitability ROE 9% +3

Interest coverage Interest coverage 19.7× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview24 NBB filings

Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~6.3%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	69.0%	62.1%	better than 57% of 2768 sector peers
Net result	€29k	€39k	better than 40% of 2770 sector peers
Equity	€309k	€62k	better than 95% of 2769 sector peers
Gross operating margin	€79k	€62k	better than 64% of 2770 sector peers
Total assets	€448k	€121k	better than 95% of 2770 sector peers

EBITDA

€79k

+262.6% 23-25

Net profit

€29k

+322.2% 23-25

Cash flow

€62k

+274.3% 23-25

Total assets

€448k

-3.0% 23-25

Equity

€309k

+10.2% 23-25

Working capital

€226k

+26.4% 23-25

Income taxes

€13k

+141.2% 23-25

Debt

€139k

-23.4% 23-25

Debt ≤ 1y

€77k

-26.4% 23-25

Debt > 1y

€62k

-19.5% 23-25

Current ratio

3.94

+45.2% 23-25

Quick ratio

3.94

+45.2% 23-25

Solvency

69.0%

+13.6% 23-25

Debt / equity

0.45

-30.5% 23-25

ROE

9.3%

+283.0% 23-25

ROA

6.4%

+335.1% 23-25

Interest coverage

19.71

+95.2% 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023
Deposit	micro schema	micro schema	micro schema
Revenue	-	-	-
EBITDA	€79k	€22k	€19k
Net profit	€29k	€7k	€7k
Cash flow	€62k	€17k	€11k
Staff costs	-	-	-
Income taxes	€13k	€6k	€7k
Dividends	-	-	-
Total assets	€448k	€462k	€335k
Equity	€309k	€281k	€274k
Debt	€139k	€181k	€61k
of which ≤ 1y	€77k	€104k	€61k
of which > 1y	€62k	€77k	-
Working capital	€226k	€178k	€233k
Employees (FTE)	-	-	-

Ratios (computed)

	2025	2024	2023
Current ratio	3.94	2.71	4.81
Quick ratio	3.94	2.71	4.81
Working capital ratio	50.3%	38.6%	69.5%
Solvency	69.0%	60.7%	81.8%
Debt / equity	0.45	0.65	0.22
Long-term debt ratio	0.20	0.27	-
Interest coverage	19.71	10.10	28.14
Gross margin	-	-	-
Net margin	-	-	-
ROA	6.4%	1.5%	2.2%
ROE	9.3%	2.4%	2.6%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €146k · 32.6% Current assets €302k · 67.4%

Equity & liabilities

Equity €309k · 69.0% Debt €139k · 31.0%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€448k	€462k	€335k
Fixed assets	21/28	€146k	€179k	€41k
Tangible fixed assets	22/27	€133k	€166k	€28k
Financial fixed assets	28	€13k	€13k	€13k
Current assets	29/58	€302k	€283k	€294k
Amounts receivable within one year	40/41	€60k	€39k	€18k
Investments	50/53	€0	€143k	€130k
Cash & bank	54/58	€237k	€96k	€141k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€448k	€462k	€335k
Equity	10/15	€309k	€281k	€274k
Contributions / capital	10/11	€6k	€6k	€6k
Reserves	13	€301k	€272k	€266k
Accumulated profits (losses)	14	€2k	€2k	€2k
Amounts payable	17/49	€139k	€181k	€61k
Amounts payable after one year	17	€62k	€77k	-
Amounts payable within one year	42/48	€77k	€104k	€61k
Trade debts payable within one year	44	€5k	€6k	€7k
Income statement
Gross operating margin	9900	€79k	€25k	€22k
Operating result	9901	€46k	€12k	€15k
Financial income	75	€615	€560	€322
Financial charges	65	€4k	€2k	€671
Result before taxes	9903	€42k	€12k	€15k
Income taxes	67/77	€13k	€6k	€7k
Net result for the period	9904	€29k	€7k	€7k
Result to be appropriated	9905	€29k	€7k	€7k

Legal Structure

NACE primary	Computer consultancy and computer facilities management(62200)
Legal form	Private limited company(610)
Incorporation	21-06-2002
Status	Active
Postal code	3500

Establishment units 1 location

BORG BVBA

Breestraat 26, 3500 HasseltNACE 7210001

since 20022.096.237.306

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71327G0615/00D010	Flanders	1,702 m²	1 · 500 m²	15.7 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Highest result since 2023net €29k ▲322%

Operating result €46k, net result €29k, both a record.

25-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

31-12

Financial Weakest financial yearnet €7k ▼5.8%

Net result drops to €7k, the lowest in the series; recovery starts the following year.

26-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 57 days late

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

03-05

State Gazette act Director changes

Filip Junius

2022

25-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 25 days late

2021

12-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 104 days late

2020

29-10

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 90 days late

2019

23-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 23 days late

2018

28-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 28 days late

2017

21-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 21 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 7 acts read

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

03-05-2023 Board composition published Director changes·Filip Junius

Notary: Filip Junius · Hasselt

Original publication ↗

Technical details

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  "events": [
    {
      "kind": "board_snapshot",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Geert Geys",
        "address": null,
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      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": "statutair",
      "compensated": null,
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      "evidence_quote": "",
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    },
    {
      "kind": "board_snapshot",
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      },
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    },
    {
      "kind": "substantive_delegation",
      "role": "gedelegeerd_bestuurder",
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": "0458.824.450",
        "name": "Bofimac",
        "address": "Hasseltweg 401A, 3600 Genk",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
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      "decharge_status": null,
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        "kind": "indefinite",
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      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": "Filip Junius",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Hasselt",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-05-03",
    "filing_date": "2023-04-29",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2023-04-25",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0477.811.607",
    "name_full": "Borg",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [
    "een expeditie van de akte",
    "de geco\u00F6rdineerde tekst van de statuten"
  ],
  "corrected_publication_numac": null
}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

IT consultancy62020Computer consultancy and computer facilities management6220072100Wholesale of information and communication equipment46500Wholesale trade46660Retail sale of information and communication equipment47400Retail trade474105185052487Computer programming, consultancy and related activities62010Computer programming62100Computing infrastructure, data processing, hosting and related activities63100Computing infrastructure, data processing, hosting and other information service activities63110722207230072500Repair and maintenance of computers and communication equipment95100Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles95110

Names & trade names

Legal nameNL

BORG

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