BORG - HOUT
ActiveSummary
BORG - HOUT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €537,886 and a net result of €9,825. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 70% of 81 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+8
Solvency96▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 15.49 against 15.22 in 2024; short-term debt: 4.7% and cash: 1.4% of total assets), and 28.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
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
71.1%
Return on assets
1.3%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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
27 d late
2024
20 d late
2023
26 d late
2022
24 d late
2021
on the day
2020
1 d late
2019
67 d early
← 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 4 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 24 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 oldest company in Lille, Manufacturing sector#9 company by equity in Lille, Manufacturing sector
Turnover
€90,000
EBIT margin
14.8%
Net result
€9,825▼ 43.4%
2024 · €17,374
Working capital
€513,123▼ 4.3%
2024 · €536,292
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, 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
Turnover€90,000
Operating result€8,352▼ 64.1%€21,386▲ 156%€56,114▲ 162%€26,425▼ 52.9%€13,302▼ 49.7%
Net result-€6,697below the sector's middle half€3,129within the sector's middle half€29,884within the sector's middle half▲ 855%€17,374within the sector's middle half▼ 41.9%€9,825within the sector's middle half▼ 43.4%
EBIT margin14.8%
Equity€477,674within the sector's middle half▼ 1.4%€480,802within the sector's middle half▲ 0.7%€510,687within the sector's middle half▲ 6.2%€528,061within the sector's middle half▲ 3.4%€537,886within the sector's middle half▲ 1.9%
Total assets€839,506below the sector's middle half▼ 9.2%€776,706below the sector's middle half▼ 7.5%€785,599below the sector's middle half▲ 1.1%€775,621below the sector's middle half▼ 1.3%€756,575within the sector's middle half▼ 2.5%
Debt€361,832▼ 17.8%€295,904▼ 18.2%€274,912▼ 7.1%€247,560▼ 9.9%€218,689▼ 11.7%
Working capital€465,968within the sector's middle half▼ 3.6%€514,038within the sector's middle half▲ 10.3%€497,690within the sector's middle half▼ 3.2%€536,292within the sector's middle half▲ 7.8%€513,123within the sector's middle half▼ 4.3%
Solvency56.9%within the sector's middle half▲ 4.5pp61.9%within the sector's middle half▲ 5.0pp65.0%above the sector's middle half▲ 3.1pp68.1%above the sector's middle half▲ 3.1pp71.1%within the sector's middle half▲ 3.0pp
Current ratio5.80above the sector's middle half▲ 0.2310.17above the sector's middle half▲ 4.3610.94above the sector's middle half▲ 0.7715.22above the sector's middle half▲ 4.2815.49above the sector's middle half▲ 0.27
Return on assets (ROA)-0.8%below the sector's middle half▼ 1.3pp0.4%within the sector's middle half▲ 1.2pp3.8%within the sector's middle half▲ 3.4pp2.2%within the sector's middle half▼ 1.6pp1.3%within the sector's middle half▼ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €756,575
Fixed assets
€208,043 ▲ 3.2%
Current assets
€548,532 ▼ 4.4%
Equity and liabilities €756,575
Equity
€537,886 ▲ 1.9%
Debt
€218,689 ▼ 11.7%
Debt's share of the balance-sheet total falls from 31.9% to 28.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,798▼
2024 · €58,910
Cash flow
€45,321▼
2024 · €49,858
Debt to equity
0.41▼
2024 · 0.47
ROE
1.8%▼
2024 · 3.3%
Interest coverage
20.37▼
2024 · 129.92
Debt ≤ 1 year
€35,409▼
2024 · €37,718
Income taxes
€6,581▼
2024 · €8,888
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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 14,733 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €90,000 | - |
| Non-recurring operating income76A | - | - | - | €8,469 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €52,803 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €72,545 | €69,912 | €37,720 | €32,484 | €35,496 | ▲ 9.3% |
| Other operating charges640/8 | - | €1,588 | €1,931 | €1,572 | €3,388 | ▲ 115% |
| Gross operating margin9900 | €84,141 | €92,887 | €95,765 | €60,482 | €52,186 | ▼ 13.7% |
| Operating profit (loss)9901 | €8,352 | €21,386 | €56,114 | €26,425 | €13,302 | ▼ 49.7% |
| Financial income75/76B | - | - | - | €290 | €5,500 | ▲ 1,794% |
| Recurring financial income75 | - | - | - | €290 | €5,500 | ▲ 1,794% |
| Non-recurring financial income76B | - | - | - | - | €5,500 | - |
| Financial charges65/66B | - | €2,809 | €8,406 | €453 | €2,396 | ▲ 428% |
| Recurring financial charges65 | €5,203 | €2,809 | €8,406 | €453 | €2,396 | ▲ 428% |
| Profit (loss) for the period before taxes9903 | €3,150 | €18,577 | €47,708 | €26,262 | €16,406 | ▼ 37.5% |
| Income taxes67/77 | €9,847 | €15,448 | €17,824 | €8,888 | €6,581 | ▼ 26.0% |
| Profit (loss) for the period9904 | -€6,697 | €3,129 | €29,884 | €17,374 | €9,825 | ▼ 43.4% |
| Profit (loss) for the period to be appropriated9905 | -€6,697 | €3,129 | €29,884 | €17,374 | €9,825 | ▼ 43.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €839,506 | €776,706 | €785,599 | €775,621 | €756,575 | ▼ 2.5% |
| Fixed assets21/28 | €276,494 | €206,582 | €237,827 | €201,610 | €208,043 | ▲ 3.2% |
| Tangible fixed assets22/27 | €276,494 | €206,582 | €237,827 | €201,610 | €208,043 | ▲ 3.2% |
| Plant, machinery and equipment23 | - | €22,179 | €52,225 | €33,775 | €51,787 | ▲ 53.3% |
| Furniture and vehicles24 | - | €16,716 | €29,641 | €20,681 | €17,908 | ▼ 13.4% |
| Leasing and similar rights25 | - | €49,457 | €37,731 | €28,924 | €20,118 | ▼ 30.4% |
| Other tangible fixed assets26 | - | €118,230 | €118,230 | €118,230 | €118,230 | = |
| Current assets29/58 | €563,012 | €570,124 | €547,772 | €574,010 | €548,532 | ▼ 4.4% |
| Amounts receivable within one year40/41 | €551,682 | €559,606 | €539,545 | €565,736 | €538,158 | ▼ 4.9% |
| Trade receivables40 | - | €78,025 | €75,000 | €75,000 | €75,000 | = |
| Other amounts receivable41 | - | €481,581 | €464,545 | €490,736 | €463,158 | ▼ 5.6% |
| Cash at bank and in hand54/58 | €11,330 | €10,518 | €8,227 | €6,999 | €10,374 | ▲ 48.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,275 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €839,506 | €776,706 | €785,599 | €775,621 | €756,575 | ▼ 2.5% |
| Equity10/15 | €477,674 | €480,802 | €510,687 | €528,061 | €537,886 | ▲ 1.9% |
| Contributions10/11 | €247,894 | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Capital10 | - | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Issued capital100 | - | €247,894 | €247,894 | €247,894 | €247,894 | = |
| Reserves13 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Non-distributable reserves130/1 | - | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Legal reserve130 | - | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Profit (loss) carried forward14 | €204,991 | €208,120 | €238,004 | €255,378 | €265,203 | ▲ 3.8% |
| Amounts payable17/49 | €361,832 | €295,904 | €274,912 | €247,560 | €218,689 | ▼ 11.7% |
| Amounts payable after more than one year17 | €9,982 | - | - | - | - | - |
| Amounts payable within one year42/48 | €97,044 | €56,086 | €50,082 | €37,718 | €35,409 | ▼ 6.1% |
| Current portion of amounts payable after more than one year42 | - | €10,659 | - | - | - | - |
| Trade debts44 | €35,489 | €28,575 | €34,758 | €27,449 | €28,828 | ▲ 5.0% |
| Suppliers440/4 | - | €28,575 | €34,758 | €27,449 | €28,828 | ▲ 5.0% |
| Taxes, remuneration and social security45 | - | €16,852 | €15,324 | €10,269 | €6,581 | ▼ 35.9% |
| Taxes450/3 | - | €16,852 | €15,324 | €10,269 | €6,581 | ▼ 35.9% |
| Accrued charges and deferred income492/3 | - | €239,818 | €224,830 | €209,841 | €183,280 | ▼ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,697 | €3,129 | €29,884 | €17,374 | €9,825 | ▼ 43.4% |
| + Depreciation and write-downs630 | €72,545 | €69,912 | €37,720 | €32,484 | €35,496 | ▲ 9.3% |
| Operating cash flow (approximation) | €65,848 | €73,041 | €67,604 | €49,858 | €45,321 | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | €0 | -€68,965 | €3,732 | -€41,929 | ▼ 1,223% |
| Change in cash | - | -€812 | -€2,291 | -€1,228 | €3,375 | ▲ 375% |
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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
30-06
Financial
Highest result since 2019net €29,884 ▲855%
Operating result €56,114, net result €29,884, both a record.
30-06
Financial
Equity above €500,000Eq €510,687 ▲6.2%
2 profitable years in a row build equity to €510,687.
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
30-06
Financial
Back to profitnet €3,129
Net result €3,129 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Weakest financial yearnet -€6,697
Net result drops to -€6,697, the lowest in the series; recovery starts the following year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Lille · 1 establishment unit since 1994
Ground area
8,698 m²
Building footprint
4,071 m²
Volume, LiDAR
28,619 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Lodewijk Mercelislaan 8, 2275 Lille
since 19942.066.147.213
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13019D0086/00A000 | Flanders | 7,897 m² | 1 · 3,792 m² | 8.7 m · 2 fl. |
| 13047E0324/00Y002 | Flanders | 801 m² | 1 · 279 m² | 7.5 m · 1 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 114 companies in sector 29100 we hold annual accounts for 72. 49 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-03-1994
Fiscal year end30-06
Activities, NACEBEL 2025
29100Manufacture of motor vehicles, trailers and semi-trailers
29310Manufacture of motor vehicles, trailers and semi-trailers
43120Site preparation
43211General electrical installation work
47811Retail sale of cars and light vans (up to 3.5 tonnes)
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452279425
Registered
27-03-2026
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.