BORGHS FRANK
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
3 d early
2023
28 d late
2022
28 d early
2021
22 d late
2020
123 d early
2019
2 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 24 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Activities of holding companies sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€774,002▲ 172%
2024 · €284,580
Net result
€502,422▲ 9,539%
2024 · €5,213
Total assets
€1.0m▲ 184%
2024 · €355,044
Solvency
76.7%▼ 3.5pp
2024 · 80.2%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€53,643▲ 69.8%-€16,722€250,331€5,410▼ 97.8%€671,528▲ 12,313%
Net result€40,149within the sector's middle half▲ 114%-€14,745below the sector's middle half€181,408above the sector's middle half€5,213within the sector's middle half▼ 97.1%€502,422above the sector's middle half▲ 9,539%
Equity€112,705within the sector's middle half▼ 51.6%€97,960within the sector's middle half▼ 13.1%€279,367within the sector's middle half▲ 185%€284,580within the sector's middle half▲ 1.9%€774,002above the sector's middle half▲ 172%
Total assets€212,791within the sector's middle half▼ 53.6%€169,539within the sector's middle half▼ 20.3%€417,114within the sector's middle half▲ 146%€355,044within the sector's middle half▼ 14.9%€1.0mabove the sector's middle half▲ 184%
Debt€100,086▼ 55.8%€71,579▼ 28.5%€75,031▲ 4.8%€7,748▼ 89.7%€3,931▼ 49.3%
Working capital€13,599within the sector's middle half▼ 59.9%€10,074within the sector's middle half▼ 25.9%€276,320above the sector's middle half▲ 2,643%€293,497above the sector's middle half▲ 6.2%€1.0mabove the sector's middle half▲ 243%
Solvency53.0%within the sector's middle half▲ 2.3pp57.8%within the sector's middle half▲ 4.8pp67.0%within the sector's middle half▲ 9.2pp80.2%above the sector's middle half▲ 13.2pp76.7%within the sector's middle half▼ 3.5pp
Current ratio1.22within the sector's middle half=1.16within the sector's middle half▼ 0.064.83above the sector's middle half▲ 3.6753.01above the sector's middle half▲ 48.18
Return on assets (ROA)18.9%within the sector's middle half▲ 14.8pp-8.7%below the sector's middle half▼ 27.6pp43.5%above the sector's middle half▲ 52.2pp1.5%within the sector's middle half▼ 42.0pp49.8%above the sector's middle half▲ 48.3pp
Staff (FTE)3.8=
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 12,313% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.0m
Equity
€774,002 ▲ 172%
Provisions
€231,703 ▲ 269%
Debt
€3,931 ▼ 49.3%
Debt's share of the balance-sheet total falls from 2.2% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
64.9%▲
2024 · 1.8%
Debt ≤ 1 year
€2,153▼
2024 · €5,643
A ratio outside any meaningful range has been withheld (balance sheet total €1.0m, equity €774,002).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €55,763 | €2,176 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €45,148 | €40,054 | €27,965 | €12,760 | - | - |
| Other operating charges640/8 | €7,341 | €4,086 | €4,475 | €4,738 | €4,827 | ▲ 1.9% |
| Gross operating margin9900 | €161,895 | €29,594 | €282,770 | €22,908 | €676,355 | ▲ 2,852% |
| Operating profit (loss)9901 | €53,643 | -€16,722 | €250,331 | €5,410 | €671,528 | ▲ 12,313% |
| Financial income75/76B | €61 | €34 | - | €3 | €30 | ▲ 762% |
| Recurring financial income75 | €61 | €34 | - | €3 | €30 | ▲ 762% |
| Financial charges65/66B | €4,741 | €3,058 | €1,207 | €201 | €149 | ▼ 25.6% |
| Recurring financial charges65 | €4,741 | €3,058 | €1,207 | €201 | €149 | ▼ 25.6% |
| Profit (loss) for the period before taxes9903 | €48,964 | -€19,745 | €249,124 | €5,213 | €671,409 | ▲ 12,781% |
| Transfer to deferred taxes680 | - | - | €62,716 | - | €168,987 | - |
| Income taxes67/77 | €8,815 | -€5,000 | €5,000 | - | - | - |
| Profit (loss) for the period9904 | €40,149 | -€14,745 | €181,408 | €5,213 | €502,422 | ▲ 9,539% |
| Transfer to tax-exempt reserves689 | - | - | €188,148 | - | €506,960 | - |
| Profit (loss) for the period to be appropriated9905 | €40,149 | -€14,745 | -€6,741 | €5,213 | -€4,538 | ▼ 187% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €212,791 | €169,539 | €417,114 | €355,044 | €1.0m | ▲ 184% |
| Fixed assets21/28 | €136,605 | €94,996 | €68,663 | €55,903 | - | - |
| Tangible fixed assets22/27 | €136,605 | €94,996 | €68,663 | €55,903 | - | - |
| Land and buildings22 | €132,386 | €93,254 | €67,565 | €55,313 | - | - |
| Plant, machinery and equipment23 | €2,115 | €1,606 | €1,098 | €590 | - | - |
| Furniture and vehicles24 | €2,104 | €136 | - | - | - | - |
| Current assets29/58 | €76,186 | €74,543 | €348,451 | €299,140 | €1.0m | ▲ 238% |
| Amounts receivable within one year40/41 | €16,404 | €13,347 | €250,000 | €290,963 | €449,956 | ▲ 54.6% |
| Trade receivables40 | €13,608 | €3,347 | - | €1,007 | - | - |
| Other amounts receivable41 | €2,797 | €10,000 | €250,000 | €289,956 | €449,956 | ▲ 55.2% |
| Cash at bank and in hand54/58 | €59,781 | €60,879 | €98,022 | €7,743 | €559,681 | ▲ 7,128% |
| Deferred charges and accrued income490/1 | - | €318 | €429 | €434 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €212,791 | €169,539 | €417,114 | €355,044 | €1.0m | ▲ 184% |
| Equity10/15 | €112,705 | €97,960 | €279,367 | €284,580 | €774,002 | ▲ 172% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Revaluation surpluses12 | €13,000 | €13,000 | €13,000 | €13,000 | - | - |
| Reserves13 | €21,654 | €21,654 | €209,802 | €209,802 | €716,762 | ▲ 242% |
| Non-distributable reserves130/1 | €21,654 | €21,654 | €21,654 | €21,654 | €21,654 | = |
| Reserves not available under the articles1311 | €21,654 | €21,654 | €21,654 | €21,654 | €21,654 | = |
| Tax-exempt reserves132 | - | - | €188,148 | €188,148 | €695,108 | ▲ 269% |
| Profit (loss) carried forward14 | €16,551 | €1,806 | -€4,935 | €278 | -€4,260 | ▼ 1,635% |
| Provisions and deferred taxes16 | - | - | €62,716 | €62,716 | €231,703 | ▲ 269% |
| Deferred taxes168 | - | - | €62,716 | €62,716 | €231,703 | ▲ 269% |
| Amounts payable17/49 | €100,086 | €71,579 | €75,031 | €7,748 | €3,931 | ▼ 49.3% |
| Amounts payable after more than one year17 | €36,299 | €4,460 | - | - | - | - |
| Financial debts170/4 | €36,299 | €4,460 | - | - | - | - |
| Amounts payable within one year42/48 | €62,586 | €64,469 | €72,131 | €5,643 | €2,153 | ▼ 61.8% |
| Current portion of amounts payable after more than one year42 | €36,010 | €31,839 | €4,460 | - | - | - |
| Trade debts44 | €25,447 | €31,500 | €63,087 | €517 | - | - |
| Suppliers440/4 | €25,447 | €31,500 | €63,087 | €517 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €43 | - | - |
| Taxes450/3 | - | - | - | €43 | - | - |
| Other amounts payable47/48 | €1,130 | €1,130 | €4,583 | €5,083 | €2,153 | ▼ 57.6% |
| Accrued charges and deferred income492/3 | €1,200 | €2,650 | €2,900 | €2,104 | €1,778 | ▼ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,149 | -€14,745 | €181,408 | €5,213 | €502,422 | ▲ 9,539% |
| + Depreciation and write-downs630 | €45,148 | €40,054 | €27,965 | €12,760 | - | - |
| Operating cash flow (approximation) | €85,297 | €25,308 | €209,372 | €17,972 | €502,422 | ▲ 2,696% |
| Investment in fixed assets (approximation) | - | €1,556 | -€1,632 | €0 | - | - |
| Change in cash | - | €1,098 | €37,143 | -€90,279 | €551,938 | ▲ 711% |
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
18-08
State Gazette act
Restructuring · End & cessationCapital conversion · Shareholding · Dissolution12 facts ▸
State Gazette act
Restructuring · End & cessation
Capital conversion · Shareholding · Dissolution12 facts ▸
- General meeting, 25-06-2026
- Capital conversion, Onbeschikbare inbreng buiten kapitaal - Andere
- Capital conversion, Statutair onbeschikbare reserves
- General meeting, erkennen kennis te hebben gekregen van het in de agenda vermelde fusievoorstel en verklaren de voorzitter uitdrukkelijk te ontslaan van het voorlezen van dit fu…
- Shareholding, G.D.P. INVEST
- Dissolution, 25-06-2026
- General meeting, Alle hierboven genomen besluiten worden met eenparigheid van stemmen genomen
- Merger, fusie door overneming, ondernemingsrechtbank Gent, afdeling Brugge
- Share cancellation, ingetrokken en vernietigd, fusie
- Other statement, vaststelling voorwerp fusie, niet wijzigen
- Power of attorney
- Power of attorney, Peter CALLIAUW
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
22-05
State Gazette act
RestructuringPermanent representative: DE PRÊTRE Geert · Merger · Accounting effect8 facts ▸
State Gazette act
Restructuring
Permanent representative: DE PRÊTRE Geert · Merger · Accounting effect8 facts ▸
- Merger, gehele vermogen,zowel de rechten als de verplichtingen,als gevolg van ontbinding zonder vereffening zal overgaan op de NV G.D.P. INVEST, artikel 12:50 tot 12:58…
- Accounting effect, 01-01-2026
- Other statement, rechten voor aandeelhouders met bijzondere rechten en houders van andere effecten dan aandelen
- Other statement, bijzonder voordeel aan leden van bestuursorganen van te fuseren vennootschappen
- Shareholding, op het ogenblik van de fusie
- Other statement, omwisseling van aandelen, alle aandelen van de Over te nemen vennootschap rechtstreeks in handen van de Overnemende vennootschap
- Real estate, onroerende goederen, datum van voorliggend voorstel
- Permanent representative, DE PRÊTRE Geert (permanent representative)
2025
31-12
Financial
Highest result since 2018net €502,422 ▲9,539%
Operating result €671,528, net result €502,422, both a record.
31-12
Financial
Liquidity times 9current ratio 468.85
Current ratio from 53.01 to 468.85; short-term debt falls from €5,643 to €2,153.
31-12
Financial
Equity above €500,000Eq €774,002 ▲172%
3 profitable years in a row build equity to €774,002.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 11current ratio 53.01
Current ratio from 4.83 to 53.01; short-term debt falls from €72,131 to €5,643.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €181,408
Net result €181,408 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 4.83
Current ratio from 1.16 to 4.83.
31-12
Financial
Equity above €200,000Eq €279,367 ▲185%
Equity rises from €97,960 to €279,367.
Show earlier events
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€14,745
Net result drops to -€14,745, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €18,797
Net result €18,797 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 2 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 2 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Damme
Ground area
3,608 m²
Building footprint
244 m²
Volume, LiDAR
1,101 m³
Parcel 31006C0328/00D000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31006C0328/00D000 | Flanders | 3,608 m² | 1 · 244 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
De fabricage van schoenen; de groot- en kleinhandel in schoeisel, de herstelling van schoenen; de fabricage van lederen artikelen voor heelkunde en orthopedie; de fabricage van…
Full purpose (5 activities)
- De fabricage van schoenen; de groot- en kleinhandel in schoeisel, de herstelling van schoenen; de fabricage van lederen artikelen voor heelkunde en orthopedie; de fabricage van toestellen en voorwerpen voor prothesen, met uitzondering van kunstgebitten en lederen kunstledematen; de revisie en productie van schoenmakerijmachines en -benodigdheden; dit alles in de meest uitgebreide zin.
- Het nemen van participaties onder eender welke vorm in alle bestaande of nog op te richten vennootschappen en ondernemingen alsook alle investerings- en financiële verrichtingen behalve deze voorbehouden aan depositobanken of andere gereglementeerde instellingen of vennootschappen.
- Het management van andere vennootschappen en het verlenen van alle administratieve en andere diensten van allerlei aard ten behoeve van vennootschappen; de medewerking bij het oprichten van, deelname in en beleidsvoering over andere vennootschappen of ondernemingen; zij kan de functie van bestuurder of vereffenaar van andere vennootschappen uitoefenen.
- De vennootschap mag, zowel in België als in het buitenland, zelf of door tussenkomst van derden, alle mogelijke dienstprestaties, burgerrechtelijke-, handels-, nijverheids-, financiële, roerende en onroerende handelingen en verrichtingen doen, die rechtstreeks of onrechtstreeks in verband staat met het maatschappelijk doel of die dit doel op welke wijze ook kunnen bevorderen. Zij mag belangen nemen, bij wijze van inbreng, overdracht, opslorping, fusie of deelneming of op elke andere wijze in alle ondernemingen, vennootschappen of instellingen die een gelijkaardig, analoog of aanverwant doel nastreven of wiens doel van aard is dat van de vennootschap te bevorderen.
- Zij mag zich voor deze vennootschappen borg stellen of aval verlenen, voorschotten toestaan, kredieten verlenen, hypothecaire en andere zekerheden verstrekken.
Accounting effect
01-01-2026
Structure & network
Owners and holdings
1 ownerChain of control
- G.D.P. INVEST
- BORGHS FRANK
Highest known parent: G.D.P. INVEST. The sources do not say who stands above it.
Owners 1
- G.D.P. INVESTparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
2 transactionsTook over:ARBEID EN VREDE
Taken over by:G.D.P. INVEST
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 18-08-2026 ↗
- G.D.P. INVEST all shares
Stated in the act
act of 22-05-2026 ↗
- G.D.P. INVEST (BE 0453.725.517) all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 18-08-2026 Converted to unavailable equity · 61,500 EUR
- 18-08-2026 Converted to unavailable equity · 21,653.99 EUR
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Of 24,721 companies in this sector we hold annual accounts for 19,804. 13,202 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded02-03-1993
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449547290
Also
9925:BE0449547290
Registered
06-12-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.