Equity
Borgmans.com has made a profit without a break since 2022.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 82, micro). It does better than 58% of them on solvency, 18% on liquidity, 87% on profitability and 87% on growth.
The bankruptcy probability was computed on 08-11-2026 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 30-06-2025.
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).
Liquidity is insufficient, with a current ratio of 0.25 (0.4 in 2024), below 1. Short-term debt is 42.5% and cash 1.6% of total assets. 42.5% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average 5 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Borgmans.com Vosselaar | €64,316 | €32,030 | 57.5% | - |
| VERNATH Antwerp | €71,185 | €27,665 | 49.4% | - |
| HEDA Solutions Kapellen | €66,300 | €39,424 | 27.6% | - |
| FACTOTUM FREELANCE Antwerp | €55,886 | €38,274 | 85.9% | - |
| SUPPORT ADMINISTRATIF EN GESTION D'ENTREPRISES Tournai | €61,861 | €29,110 | 25.0% | - |
| BELFID Jette | €56,150 | €32,285 | 29.6% | - |
| SODEC SERVICES Juprelle | €59,049 | €28,666 | 42.4% | - |
These companies have the same main activity as Borgmans.com: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €55,900 and €71,200, founded between 2018 and 2020.
Borgmans.com files the micro format. That format states no turnover. The gross margin rose from -€2,586 in 2020 to €32,030 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €64,000. Estimated: probably between €50,000 and €96,000.
Higher than 56% of 9,695 companies in 2025.
Higher than 8% of 9,313 companies in 2025.
Higher than 70% of 9,437 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
64,316 | 58,684 | 38,458 | 34,424 | 9,868 | 11,663 | |
21/28 |
57,420 | 43,165 | 17,180 | 19,351 | 1,763 | - | |
22/27 |
1,772 | 3,361 | 3,498 | 6,351 | 1,763 | - | |
23 |
1,772 | 2,891 | 2,094 | 4,014 | 1,763 | - | |
24 |
0 | 471 | 1,404 | 2,337 | - | - | |
28 |
55,647 | 39,804 | 13,682 | 13,000 | - | - | |
29/58 |
6,896 | 15,519 | 21,278 | 15,073 | 8,105 | 11,663 | |
40/41 |
4,388 | 12,195 | 10,653 | 5,993 | 5,066 | 11,325 | |
40 |
1,014 | 11,866 | 10,432 | 5,759 | 5,066 | 7,154 | |
41 |
3,373 | 330 | 221 | 234 | 0 | 4,171 | |
54/58 |
1,003 | 1,311 | 8,975 | 6,566 | 3,039 | 160 | |
490/1 |
1,506 | 2,013 | 1,650 | 2,515 | 0 | 179 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
64,316 | 58,684 | 38,458 | 34,424 | 9,868 | 11,663 | |
10/15 |
36,958 | 20,109 | 19,454 | 16,902 | -6,413 | -338 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
100 |
- | - | - | - | - | 3,000 | |
14 |
33,958 | 17,109 | 16,454 | 13,902 | -9,413 | -3,338 | |
17/49 |
27,357 | 38,575 | 19,004 | 17,522 | 16,281 | 12,002 | |
17 |
- | - | 0 | 2,827 | 2,400 | - | |
170/4 |
- | - | 0 | 2,827 | 2,400 | - | |
42/48 |
27,357 | 38,575 | 19,004 | 14,694 | 13,881 | 6,733 | |
43 |
6,970 | 6,294 | - | - | - | - | |
430/8 |
6,970 | 6,294 | - | - | - | - | |
44 |
6,457 | 13,856 | 9,426 | 5,552 | 12,478 | 6,733 | |
440/4 |
6,457 | 13,856 | 9,426 | 5,552 | 12,478 | 6,733 | |
46 |
5,445 | 3,560 | - | - | - | - | |
45 |
8,421 | 14,848 | 9,493 | 9,034 | - | - | |
450/3 |
8,421 | 14,848 | 9,493 | 6,306 | - | - | |
454/9 |
- | - | 0 | 2,728 | - | - | |
47/48 |
65 | 16 | 85 | 108 | 1,403 | - | |
492/3 |
- | - | - | - | 0 | 5,269 | |
| Income statement | |||||||
9900 |
32,030 | 11,205 | 9,527 | 29,727 | -6,735 | -2,586 | |
630 |
1,119 | 2,283 | 2,853 | 1,205 | 342 | - | |
640/8 |
3,136 | 931 | 525 | 558 | 549 | 732 | |
66A |
471 | - | - | - | - | - | |
9901 |
27,305 | 7,992 | 6,149 | 27,964 | -7,625 | -3,318 | |
75/76B |
1,476 | 1,133 | 911 | 8 | 2,453 | 0 | |
75 |
1,476 | 1,133 | 911 | 8 | 2,453 | 0 | |
65/66B |
3,511 | 7,567 | 2,944 | 1,501 | 902 | 21 | |
65 |
3,511 | 7,567 | 2,944 | 1,501 | 902 | 21 | |
9903 |
25,270 | 1,558 | 4,116 | 26,472 | -6,075 | -3,338 | |
67/77 |
8,421 | 902 | 1,564 | 3,064 | - | - | |
9904 |
16,849 | 656 | 2,551 | 23,408 | -6,075 | -3,338 | |
9905 |
16,849 | 656 | 2,551 | 23,408 | -6,075 | -3,338 | |
| Appropriation of the result | |||||||
9906 |
33,958 | 17,109 | 16,454 | 13,902 | -9,413 | -3,338 | |
14P |
17,109 | 16,454 | 13,902 | -9,506 | - | - | |
| Document | |||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 28-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 28-01-2026 | 2026-00015607 | |
| 30-06-2024 | micro format | 30-01-2025 | 2025-00027920 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00024712 | |
| 30-06-2022 | micro format | 31-01-2023 | 2023-00011779 | |
| 30-06-2021 | micro format | 17-12-2021 | 2021-80600199 | |
| 30-06-2020 | abbreviated format | 23-02-2021 | 2021-05900224 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 28,424 | 10,275 | 9,002 | 29,169 | -7,284 | - | ||
| 17,968 | 2,939 | 5,405 | 24,613 | -5,733 | - | ||
| 15,373 | 2,147 | 682 | 5,792 | 2,105 | - | ||
| -308 | -7,665 | 2,409 | 3,527 | 2,879 | - | ||
| -20,461 | -23,056 | 2,274 | 378 | -5,776 | 4,930 | ||
| 57.5% | 34.3% | 50.6% | 49.1% | -65.0% | -2.9% | ||
| 0.25 | 0.40 | 1.12 | 1.03 | 0.58 | 1.73 | ||
| 0.74 | 1.92 | 0.98 | 1.04 | - | - | ||
| 45.6% | 3.3% | 13.1% | 138.5% | - | - | ||
| 26.2% | 1.1% | 6.6% | 68.0% | -61.6% | -28.6% | ||
| 8.10 | 1.36 | 3.06 | 19.43 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €2,147 | - | €5,792 |
| €1,119 | €2,283 | €2,853 | €1,205 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 3.4 times that of 2024 and the highest since 2022. It is the second rise in a row, after the fall in 2023.
Debt's share of the balance-sheet total falls from 65.7% to 42.5%. Equity is higher and debt is lower.
Borgmans.com has no parent and no holdings in its annual accounts. Borgmans,Paul Lucas Theresia is the only director.
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 5 July 2019, Borgmans.com was incorporated as a private limited company.1 Borgmans,Paul Lucas Theresia has served as director since 2019.2 Total assets went from €11,663 in 2020 to €64,316 in 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Hoberg 18 registered office 2350 Vosselaar | 05-07-2019 | 2.291.042.406 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13046C0008/56X004 | 2,854 m² | 1 · 493 m² | 15.3 m · 1 |
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