BORGES CONSTRUCT
Dissolution or liquidationSummary
The KBO register records for BORGES CONSTRUCT the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2022 annual accounts show equity of €51,623 and a net result of €410.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2022, micro schema
Turnover
€163,308▲ 1.3%
2021 · €161,236
EBIT margin
-1.3%▼ 17.6pp
2021 · 16.2%
Net result
€410▼ 98.1%
2021 · €21,922
Working capital
€51,623▲ 0.8%
2021 · €51,213
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202020212022
Turnover€161,236€163,308▲ 1.3%
Operating result€44,163-€26,162▼ 40.8%-€2,194
Net result€29,291-€21,922▼ 25.2%€410▼ 98.1%
EBIT margin16.2%-1.3%▼ 17.6pp
Equity€29,291-€51,213▲ 74.8%€51,623▲ 0.8%
Total assets€80,688-€126,638▲ 56.9%€154,849▲ 22.3%
Debt€51,397-€75,425▲ 46.8%€103,226▲ 36.9%
Working capital€29,291-€51,213▲ 74.8%€51,623▲ 0.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €2,194 after €26,162 in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €154,849
Equity
€51,623 ▲ 0.8%
Debt
€103,226 ▲ 36.9%
Debt's share of the balance-sheet total rises from 59.6% to 66.7%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.50▼
2021 · 1.68
Debt to equity
2.00▲
2021 · 1.47
ROE
0.8%▼
2021 · 42.8%
ROA
0.3%▼
2021 · 17.3%
Debt ≤ 1 year
€103,226▲
2021 · €75,425
Income taxes
€434▼
2021 · €7,721
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Turnover70 | - | €161,236 | €163,308 | ▲ 1.3% |
| Other operating charges640/8 | - | €2,120 | €831 | ▼ 60.8% |
| Gross operating margin9900 | €45,520 | €28,282 | -€1,363 | ▼ 105% |
| Operating profit (loss)9901 | €44,163 | €26,162 | -€2,194 | ▼ 108% |
| Financial income75/76B | - | €4,646 | €4,648 | = |
| Recurring financial income75 | €1,356 | €2,146 | €4,068 | ▲ 89.6% |
| Non-recurring financial income76B | - | €2,500 | €580 | ▼ 76.8% |
| Financial charges65/66B | - | €1,165 | €1,609 | ▲ 38.2% |
| Recurring financial charges65 | €7,632 | €1,165 | €777 | ▼ 33.3% |
| Non-recurring financial charges66B | - | - | €832 | - |
| Profit (loss) for the period before taxes9903 | €37,887 | €29,643 | €845 | ▼ 97.2% |
| Income taxes67/77 | €8,596 | €7,721 | €434 | ▼ 94.4% |
| Profit (loss) for the period9904 | €29,291 | €21,922 | €410 | ▼ 98.1% |
| Profit (loss) for the period to be appropriated9905 | €29,291 | €21,922 | €410 | ▼ 98.1% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €80,688 | €126,638 | €154,849 | ▲ 22.3% |
| Current assets29/58 | €80,688 | €126,638 | €154,849 | ▲ 22.3% |
| Amounts receivable within one year40/41 | €80,688 | €126,638 | €154,823 | ▲ 22.3% |
| Trade receivables40 | - | €81,118 | €80,430 | ▼ 0.8% |
| Other amounts receivable41 | - | €45,520 | €74,393 | ▲ 63.4% |
| Cash at bank and in hand54/58 | - | - | €26 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €80,688 | €126,638 | €154,849 | ▲ 22.3% |
| Equity10/15 | €29,291 | €51,213 | €51,623 | ▲ 0.8% |
| Profit (loss) carried forward14 | €29,291 | €51,213 | €51,623 | ▲ 0.8% |
| Amounts payable17/49 | €51,397 | €75,425 | €103,226 | ▲ 36.9% |
| Amounts payable within one year42/48 | €51,397 | €75,425 | €103,226 | ▲ 36.9% |
| Financial debts43 | - | €3,609 | €4,894 | ▲ 35.6% |
| Credit institutions430/8 | - | €3,609 | €4,894 | ▲ 35.6% |
| Trade debts44 | €38,275 | €36,435 | €47,159 | ▲ 29.4% |
| Suppliers440/4 | - | €36,435 | €47,159 | ▲ 29.4% |
| Advances received on contracts in progress46 | - | €9,053 | €26,133 | ▲ 189% |
| Taxes, remuneration and social security45 | - | €26,328 | €25,041 | ▼ 4.9% |
| Taxes450/3 | - | €23,648 | €24,555 | ▲ 3.8% |
| Remuneration and social security454/9 | - | €2,680 | €486 | ▼ 81.9% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,291 | €21,922 | €410 | ▼ 98.1% |
| Operating cash flow (approximation) | €29,291 | €21,922 | €410 | ▼ 98.1% |
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
2026
20-04
KBO administration
Address struck
event 05-04-2026
2025
20-11
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise francophone de Bruxelles · event 13-11-2025
06-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 645 days late
21-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 936 days late
2022
31-12
Financial
Weakest financial yearnet €410 ▼98.1%
Net result drops to €410, the lowest in the series.
2021
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 108 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Koekelberg · 1 establishment unit since 2019
Ground area
3,832 m²
Building footprint
3,470 m²
Volume, LiDAR
90,262 m³
2 parcels, Brussels · tallest building 35.3 m, ±9 floors. Linked by address, not a title deed.
97
companies at this address
See who is registered here
1 establishment unit
BORGES CONSTRUCT
since 20192.290.973.120
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1424/00E002 | Brussels | 3,406 m² | 1 · 3,354 m² | 35.3 m · 9 fl. |
| 21492B0043/00P002 | Brussels | 426 m² | 1 · 116 m² | 18.2 m · 5 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded03-07-2019
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.