BORGES BIO CLEANING
ActiveSummary
The computed 12-month bankruptcy probability of BORGES BIO CLEANING is 3.9% (moderate). The annual accounts of BORGES BIO CLEANING for fiscal year 2024 show a net loss of 63% of the equity at the start of that year. The 2024 annual accounts show equity of €6k and a net result of €-9k. Equity is shrinking by ~45.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 25% of 5894 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
22
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency44▼-33
Growth32=
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.13 against 1.64 in 2023; short-term debt: 81.3% and cash: 0.9% of total assets), and 81.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
18.7%
Return on assets
-31.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-9k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
44 d early
2022
52 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€6k▼ 62.6%
2023 · €15k
2022: €19k
2023: €15k
2022 → 2024
Total assets
€30k▲ 3.3%
2023 · €29k
2022: €51k
2023: €29k
2022 → 2024
Net result
€-9k▼ 121%
2023 · €-4k
2022: €18k
2023: €-4k
2022 → 2024
Working capital
€3k▼ 65.8%
2023 · €9k
2022: €8k
2023: €9k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€19k-€15k▼ 22.1%€6k▼ 62.6%
Operating result€24k-€-4k€-10k▼ 146%
Net result€18k-€-4k€-9k▼ 121%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2024 against €4k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €30k
Fixed assets
€3k ▼ 57.8%
Current assets
€28k ▲ 19.0%
Equity and liabilities €30k
Equity
€6k ▼ 62.6%
Debt
€25k ▲ 73.3%
Debt's share of the balance-sheet total rises from 48.4% to 81.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▼
2023 · €-657
Cash flow
€-6k▼
2023 · €-816
Current ratio
1.13▼
2023 · 1.64
Debt to equity
4.36▲
2023 · 0.94
ROE
-167.4%▼
2023 · -28.4%
ROA
-31.3%▼
2023 · -14.6%
Interest coverage
-113.14▼
2023 · -10.14
Debt ≤ 1 year
€25k▲
2023 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€29k€30k▲
Fixed assets21/28€6k€3k▼
Tangible fixed assets22/27€6k€3k▼
Furniture and vehicles24€6k€3k▼
Current assets29/58€23k€28k▲
Amounts receivable within one year40/41€21k€26k▲
Trade receivables40€21k€22k▲
Other amounts receivable41-€4k
Cash at bank and in hand54/58€1k€274▼
Deferred charges and accrued income490/1€746€2k▲
Equity and liabilities
Total equity and liabilities10/49€29k€30k▲
Equity10/15€15k€6k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€14k€5k▼
Amounts payable17/49€14k€25k▲
Amounts payable within one year42/48€14k€25k▲
Trade debts44€7k€21k▲
Suppliers440/4€7k€21k▲
Taxes, remuneration and social security45€6k€495▼
Taxes450/3€6k€495▼
Other amounts payable47/48€2k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€1k€139▼
Gross operating margin9900€746€-7k▼
Operating profit (loss)9901€-4k€-10k▼
Financial income75/76B-€745
Recurring financial income75-€745
Financial charges65/66B€65€59▼
Recurring financial charges65€65€59▼
Profit (loss) for the period before taxes9903€-4k€-9k▼
Income taxes67/77€94-
Profit (loss) for the period9904€-4k€-9k▼
Profit (loss) for the period to be appropriated9905€-4k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€5k▼
Profit (loss) brought forward from the previous period14P€18k€14k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gembloux · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Léon-Namèche 185030 GemblouxGround area
689 m²
Building footprint
186 m²
Parcel 92053D0011/00H007, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue Léon-Namèche 18, 5030 Gembloux
since 20212.352.115.683
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053D0011/00H007 | Wallonia | 689 m² | 1 · 186 m² | - |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
KLEO-CLEANING
BE 1002.892.106
Brecht · Eq €5,627
Meli Cleaning
BE 1008.922.536
Antwerpen · Eq €5,614
PALOME CLEAN
BE 1010.993.287
Antwerpen · Eq €5,682
CC-HUISHOUDHULP
BE 0654.748.515
Wervik · Eq €5,591
D&W CLEANING
BE 0539.952.874
Tongeren-Borgloon · Eq €5,715
Of 7,356 companies in sector 81210 we hold annual accounts for 2,735. 1,427 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
81210General cleaning of buildings
43230Insulation installation
43240Other construction installation
43350Other building finishing work
43990Other specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.