Equity
€116,822 from €251,864 in 2011
Equity fell by 54% in 15 years.
Borgh Projects België BV
Lifetime
18 annual accounts with figures on one time axispeak €178,480 (2010)
€2,711▼ 79.2%
lowest -€51,618 (2023)
€16,005▼ 48.1%
peak €251,864 (2011)
€116,822▲ 15.9%
€42,737▲ 16.4%
Board2 names since 2008
2 directorsBORGH and 1 other
Owners
100%BORGH
Documentsfilings and deeds
15-09-202646 days before the deadline
2026abbreviated format
Gross margin from €13,004 to €2,711Result from €30,853 to €16,005Equity from €100,817 to €116,822Debts from €36,721 to €42,737Cash from €5,405 to €29,255
Key points
from the 2026 annual accountsChecked score
96
Excellent
Financially stronger than 66% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,895 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.7%▲ +0.1 percentage points vs 09-2025highest value
11-2025: 0.2%▼ -0.5 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Size: total assets €159,559
lowers risk
Founded in 2008
Liquidity: current ratio 3.73, cash €29,255
Equity €116,822 (73.2% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 78% of them on solvency, 69% on liquidity, 46% on profitability and 72% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as Borgh Projects België BV has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of Borgh Projects België BV itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for Borgh Projects België BV. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.73 (3.75 in 2025), above the usual 1.5. Short-term debt is 26.8% and cash 18.3% of total assets. 26.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026Equity per financial year
1920212223242526
2019 to 2026 · latest year €116,822
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 15-09-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
46 days early
2025
25 days early
2024
37 days early
2023
50 days early
2022
32 days early
2021
31 days early
2020
26 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 24 September (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0896739264
Company renamed from BORGH INDUSTRIES to Borgh Projects België BV
General meeting of 23-01-2025 · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Resignation: BORGH (sole director) · Permanent representative: NAGTEGAAL Willem Richard · Reappointment: BORGH (director) · General meeting of 06-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Borgh Projects België BV Arendonk | €159,559 | €2,711 | 73.2% | - |
| COOLS KLINKERS EN VLOEREN Balen | €218,730 | €4,149 | 49.3% | - |
| MORE THAN WOOD Nieuwpoort | €173,905 | -€19,677 | 32.3% | - |
| ADS CERAMICS Schoten | €78,339 | €5,694 | 85.6% | - |
| Er Works Antwerp | €105,654 | -€20,385 | 46.4% | - |
| PLASTIX Bornem | €59,795 | €1,562 | 95.7% | - |
| YALTA Oud-Turnhout | €261,919 | -€38,324 | 6.4% | - |
These companies have the same main activity as Borgh Projects België BV: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €59,800 and €262,000, founded between 2000 and 2011.
Official details
Source: KBO- Status
- Active since 17-03-2008Normal situation
- Activity
- Wholesale of construction materials, general rangeNACE 46831and 1 other
- Establishment unit
- 2.170.110.0312370 Arendonk, since 15-04-2008
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2026
Annual accounts to 31-03-2026
- €159,559▲ 16.0%
- Filing
- Filed on 15-09-2026, 46 days before the end of the filing period
Insights on Borgh Projects België BV
Borgh Projects België BV files the abbreviated format. That format states no turnover. The gross margin fell from €76,574 in 2009 to €2,711 in 2026.
BORGH holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Borgh Projects België BV
- What is the company number of Borgh Projects België BV?
- The company number of Borgh Projects België BV is 0896.739.264. The VAT number is the same number with BE in front: BE 0896.739.264.
- Where is Borgh Projects België BV based?
- The registered office is at Hoge Mauw 510, 2370 Arendonk.Company details
- What does Borgh Projects België BV do?
- According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
- What is the legal form of Borgh Projects België BV?
- Borgh Projects België BV is a private limited company (BV).
- When was Borgh Projects België BV founded?
- Borgh Projects België BV was founded on 17-03-2008.
- Is Borgh Projects België BV still active?
- Yes, Borgh Projects België BV is an active enterprise in the KBO register.
- What is the turnover of Borgh Projects België BV?
- The turnover in financial year 2026 is ≈ €31,000. This figure is estimated from the gross margin of €2,711 and 133 comparable companies (NACE 46). It probably lies between €13,000 and €73,000. It is a rough estimate.Financials
- Is Borgh Projects België BV profitable?
- In financial year 2026, Borgh Projects België BV made a profit of €16,005.
- Where can I find the annual accounts of Borgh Projects België BV?
- Borgh Projects België BV filed 18 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of Borgh Projects België BV due?
- Borgh Projects België BV must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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