BORGMANS JENS
ActiveSummary
BORGMANS JENS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €209k and a net result of €28k. Equity is growing by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 39% of 2437 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
64
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-7
Solvency61▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.3 in 2023; short-term debt: 16.1% and cash: 6.9% of total assets), and 63.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
12 d early
2022
3 d early
2021
41 d early
2020
23 d late
2019
34 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€209k▲ 14.4%
2023 · €183k
2018: €94k
2019: €73k
2020: €104k
2021: €102k
2022: €209k
2023: €183k
2018 → 2024
Total assets
€574k▼ 10.7%
2023 · €643k
2018: €126k
2019: €85k
2020: €147k
2021: €120k
2022: €525k
2023: €643k
2018 → 2024
Net result
€28k▼ 58.8%
2023 · €68k
2018: €22k
2019: €-19k
2020: €61k
2021: €-22
2022: €188k
2023: €68k
2018 → 2024
Working capital
€27k▼ 48.6%
2023 · €53k
2018: €81k
2019: €60k
2020: €92k
2021: €92k
2022: €153k
2023: €53k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€104k-€102k▼ 1.6%€209k▲ 105%€183k▼ 12.5%€209k▲ 14.4%
Operating result€73k-€2k▼ 96.6%€68k▲ 2,644%€97k▲ 41.3%€51k▼ 47.6%
Net result€61k-€-22€188k€68k▼ 63.9%€28k▼ 58.8%
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 falls in 2024; 2024 is 48% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €574k
Fixed assets
€454k ▲ 10.8%
Current assets
€119k ▼ 48.6%
Equity and liabilities €574k
Equity
€209k ▲ 14.4%
Debt
€365k ▼ 20.7%
Debt's share of the balance-sheet total falls from 71.6% to 63.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135k▼
2023 · €153k
Cash flow
€112k▼
2023 · €125k
Current ratio
1.30=
2023 · 1.30
Quick ratio
1.24▼
2023 · 1.30
Debt to equity
1.75▼
2023 · 2.52
ROE
13.4%▼
2023 · 37.2%
ROA
4.9%▼
2023 · 10.6%
Interest coverage
9.96▼
2023 · 13.33
Debt ≤ 1 year
€92k▼
2023 · €179k
Debt > 1 year
€270k▼
2023 · €273k
Income taxes
€9k▼
2023 · €17k
Staff costs
€46k▲
2023 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€643k€574k▼
Fixed assets21/28€410k€454k▲
Tangible fixed assets22/27€410k€454k▲
Land and buildings22€184k€178k▼
Plant, machinery and equipment23€124k€107k▼
Furniture and vehicles24€101k€140k▲
Other tangible fixed assets26-€6k
Assets under construction and advance payments27€690€24k▲
Financial fixed assets28€300€300=
Current assets29/58€232k€119k▼
Stocks and contracts in progress3-€5k
Stocks30/36-€5k
Amounts receivable within one year40/41€79k€67k▼
Trade receivables40€72k€65k▼
Other amounts receivable41€8k€2k▼
Cash at bank and in hand54/58€149k€40k▼
Deferred charges and accrued income490/1€4k€8k▲
Equity and liabilities
Total equity and liabilities10/49€643k€574k▼
Equity10/15€183k€209k▲
Contributions10/11€19k€19k=
Reserves13€164k€190k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€164k€190k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€460k€365k▼
Amounts payable after more than one year17€273k€270k▼
Financial debts170/4€273k€270k▼
Amounts payable within one year42/48€179k€92k▼
Current portion of amounts payable after more than one year42€50k€67k▲
Trade debts44€16k€4k▼
Suppliers440/4€16k€4k▼
Taxes, remuneration and social security45€2k€5k▲
Taxes450/3€1k€5k▲
Remuneration and social security454/9€616€618▲
Other amounts payable47/48€111k€17k▼
Accrued charges and deferred income492/3€8k€3k▼
Income statement
Code20232024
Remuneration, social security and pensions62€41k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€84k▲
Other operating charges640/8€3k€2k▼
Non-recurring operating charges66A-€123
Gross operating margin9900€197k€183k▼
Operating profit (loss)9901€97k€51k▼
Financial income75/76B€386€103▼
Recurring financial income75€386€103▼
Financial charges65/66B€12k€14k▲
Recurring financial charges65€12k€14k▲
Profit (loss) for the period before taxes9903€86k€37k▼
Income taxes67/77€17k€9k▼
Profit (loss) for the period9904€68k€28k▼
Profit (loss) for the period to be appropriated9905€68k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€28k▼
Transfer from equity791/2€26k€0▼
Transfer to equity691/2€0€26k▲
To other reserves6921€0€26k▲
Profit to be distributed694/7€94k€2k▼
Return on contributions (dividend)694€94k€2k▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €209k ▲14.4%
3 profitable years in a row build equity to €209k.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €188k
Net result €188k after one loss-making year.
31-12
Financial
Equity above €200kEq €209k ▲105%
Equity rises from €102k to €209k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
31-12
Financial
Equity above €100kEq €104k ▲42.6%
Equity rises from €73k to €104k.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
31-12
Financial
Weakest financial yearnet €-19k ▼188%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity doublescurrent ratio 8.16
Current ratio from 3.52 to 8.16; short-term debt falls from €32k to €8k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Oud-Turnhout · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Zweepstraat 112360 Oud-TurnhoutGround area
1,104 m²
Building footprint
255 m²
Volume, LiDAR
603 m³
Parcel 13482F0329/00A002, Flanders · tallest building 8.7 m. Linked by address, not a title deed.
1 establishment unit
BORGMANS JENS
since 20162.252.424.330
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F0329/00A002 | Flanders | 1,104 m² | 1 · 255 m² | 8.7 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,639 EUR awarded · 2,639 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 746 EUR | 746 EUR |
| 2024 | 1 | 1,326 EUR | 1,326 EUR |
| 2022 | 1 | 567 EUR | 567 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,464 companies in sector 25530 we hold annual accounts for 1,658. 1,347 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
43130Specialised construction activities
25510Coating of metals
43120Site preparation
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.