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BORGES DECORS

Active
Private limited companyfounded 20188 yrs activeSteenbakkerijstraat 26, 1020 Brussel, BelgiumKBO/BCE: BE 0695.519.692
Summary

BORGES DECORS has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,374) and a net result of €21,755. Equity is shrinking by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 7% of 30651 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Risk analysisWatch ReportCompare
BORGES DECORSActiveChecked score 56/100
Risk analysis ReportCompare

Overview

What they do
Joinery installation
NACE 43320
1 site
How big
€22,564total assets 2025
Staff
1 FTE
Equity
-€4,374
Profit
€21,755
Turnover not published (abridged schema)
Financially healthy?
56 Fair Checked score 2025
Bankruptcy chance 12 m
1.2%
Who decides
Accounts on time0 of 2 deeds read
Why 56Capped at 59: negative equity- 2 of the last 3 late- Negative equity -€4,374+ Size: total assets €22,564+ Liquidity: current ratio 0.78, cash €11,508Show the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 58% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Average
Solvency 6+6
equity -19.4% of total assets
Liquidity 50=
short-term debt 119.4% · cash 51.0%
Profitability 100+100
return on assets 96.4%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (46,941 companies)
Last 24 months 11-2024: 3.3%highest value 12-2024: 3.3%● 0.0% vs 11-2024highest value 01-2025: 3.3%▼ -0.8% vs 12-2024 02-2025: 3.3%● 0.0% vs 01-2025 03-2025: 3.3%▼ -0.9% vs 02-2025 04-2025: 3.3%▲ +0.8% vs 03-2025 05-2025: 3.2%▼ -1.3% vs 04-2025 06-2025: 3.2%▼ -1.9% vs 05-2025 07-2025: 3.2%▲ +2.0% vs 06-2025 08-2025: 1.9%▼ -40.6% vs 07-2025 09-2025: 1.9%● 0.0% vs 08-2025 10-2025: 1.9%● 0.0% vs 09-2025 11-2025: 1.9%● 0.0% vs 10-2025 12-2025: 1.9%▲ +1.2% vs 11-2025 01-2026: 1.9%▼ -0.9% vs 12-2025 02-2026: 1.9%● 0.0% vs 01-2026 03-2026: 1.9%▼ -0.9% vs 02-2026 04-2026: 1.9%▲ +0.8% vs 03-2026 05-2026: 1.9%▼ -2.9% vs 04-2026 06-2026: 2.0%▲ +5.0% vs 05-2026 07-2026: 2.0%▲ +2.7% vs 06-2026 08-2026: 1.2%▼ -39.9% vs 07-2026 09-2026: 1.2%▼ -1.2% vs 08-2026lowest value 10-2026: 1.2%● 0.0% vs 09-2026lowest value
  • 2 of the last 3 late raises the probability
  • Size: total assets €22,564 lowers the probability for this profile
  • Negative equity -€4,374 raises the probability
  • Liquidity: current ratio 0.78, cash €11,508 lowers the probability
No credit on open account
Liquidity short (current ratio 0.78 against 0.24 in 2024; short-term debt: 119.4% and cash: 51% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 6%, liquidity 43%, profitability 93%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: total assets €22,564
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Negative equity -€4,374
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Liquidity: current ratio 0.78, cash €11,508
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 30651 sector peers (2025).
NBB · sector comparison
Position among 30651 sector peers
Solvency
better than 7%
← weakest strongest →
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 31-07-2026, 0 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
on the day
2024
61 d late
2023
67 d late
2022
433 d late
2021
798 d late
2020
152 d late
2019
151 d late
← 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 237 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 7 October (4 of the last 5 filed years within 365 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €21,755
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€4,374 View
  • Caution: Among the weakest 7% on solvencysector median 47.2% · 30,651 companies -19.4% View
  • Total assets 20256 fiscal years filed €22,564 View

By topic

Financials

Fiscal year
2025
Total assets
€22,564
Profit
€21,755
Solvency
-19.4%
Total assets▲ 122%
Net result
20192025
Go to Financials

Timeline

Events
8
Since
2020
Next accounts
by 31-07-2027
  1. 31-07-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 30-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
26-04-2018
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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