BORGMANS WIM
ActiveSummary
BORGMANS WIM has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €76k and a net result of €9k. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 38% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74=
Solvency61▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.15 in 2024; short-term debt: 25.6% and cash: 0.1% of total assets), and 63.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.3%
Return on assets
4.6%
Age of the figures
9 mo
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
9 d early
2023
30 d early
2022
56 d early
2021
22 d late
2020
58 d late
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€135k
EBIT margin
4.3%
Net result
€9k▲ 13.9%
2024 · €8k
2018: €3k
2019: €3k▼ -15.4% vs 2018
2020: €2k▼ -21.4% vs 2019
2021: €3k▲ +39.4% vs 2020
2022: €-5k▼ -247% vs 2021lowest in 8 years
2023: €6k▲ +232% vs 2022
2024: €8k▲ +34.0% vs 2023
2025: €9k▲ +13.9% vs 2024highest in 8 years
2018 → 2025
Working capital
€-2k
2024 · €7k
2018: €-23klowest in 8 years
2019: €8k▲ +134% vs 2018
2020: €4k▼ -54.2% vs 2019
2021: €4k▲ +21.4% vs 2020
2022: €-4k▼ -187% vs 2021
2023: €11k▲ +389% vs 2022highest in 8 years
2024: €7k▼ -35.0% vs 2023
2025: €-2k▼ -122% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€56k-€52k▼ 8.4%€58k▲ 12.0%€66k▲ 14.4%€76k▲ 14.3%
2021: €56k
2022: €52k▼ -8.4% vs 2021lowest in 5 years
2023: €58k▲ +12.0% vs 2022
2024: €66k▲ +14.4% vs 2023
2025: €76k▲ +14.3% vs 2024highest in 5 years
Operating result€6k-€-2k€13k€14k▲ 13.6%€17k▲ 17.2%
2021: €6k
2022: €-2k▼ -137% vs 2021lowest in 5 years
2023: €13k▲ +727% vs 2022
2024: €14k▲ +13.6% vs 2023
2025: €17k▲ +17.2% vs 2024highest in 5 years
Net result€3k-€-5k€6k€8k▲ 34.0%€9k▲ 13.9%
2021: €3k
2022: €-5k▼ -247% vs 2021lowest in 5 years
2023: €6k▲ +232% vs 2022
2024: €8k▲ +34.0% vs 2023
2025: €9k▲ +13.9% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €208k
Fixed assets
€156k ▲ 9.9%
Current assets
€52k ▼ 4.4%
Equity and liabilities €208k
Equity
€76k ▲ 14.3%
Debt
€132k ▲ 1.7%
Debt's share of the balance-sheet total falls from 66.4% to 63.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€54k▲
2024 · €42k
Cash flow
€46k▲
2024 · €36k
Current ratio
0.97▼
2024 · 1.15
Debt to equity
1.75▼
2024 · 1.97
ROE
12.5%▼
2024 · 12.6%
ROA
4.6%▲
2024 · 4.2%
Interest coverage
12.34▼
2024 · 14.61
Debt ≤ 1 year
€53k▲
2024 · €47k
Debt > 1 year
€78k▼
2024 · €83k
Income taxes
€3k▼
2024 · €3k
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€196k€208k▲
Fixed assets21/28€142k€156k▲
Tangible fixed assets22/27€142k€156k▲
Plant, machinery and equipment23€26k€18k▼
Furniture and vehicles24€14k€53k▲
Leasing and similar rights25€102k€85k▼
Current assets29/58€54k€52k▼
Amounts receivable within one year40/41€44k€46k▲
Trade receivables40€41k€44k▲
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€5k€130▼
Deferred charges and accrued income490/1€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€196k€208k▲
Equity10/15€66k€76k▲
Contributions10/11€6k€6k=
Reserves13€60k€69k▲
Distributable reserves133€60k€69k▲
Amounts payable17/49€130k€132k▲
Amounts payable after more than one year17€83k€78k▼
Financial debts170/4€83k€78k▼
Amounts payable within one year42/48€47k€53k▲
Current portion of amounts payable after more than one year42€27k€34k▲
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€8k€10k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€6k€6k▼
Accrued charges and deferred income492/3€312€766▲
Income statement
Code20242025
Non-recurring operating income76A€128€250▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€37k▲
Other operating charges640/8€678€585▼
Gross operating margin9900€43k€54k▲
Operating profit (loss)9901€14k€17k▲
Financial income75/76B-€11
Recurring financial income75-€11
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€11k€12k▲
Income taxes67/77€3k€3k▼
Profit (loss) for the period9904€8k€9k▲
Profit (loss) for the period to be appropriated9905€8k€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€8k€9k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€0-
Transfer to equity691/2€8k€9k▲
To other reserves6921€8k€9k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €128 | €250 | ▲ 95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29k | €30k | €31k | €28k | €37k | ▲ 34.3% |
| Other operating charges640/8 | €623 | €569 | €620 | €678 | €585 | ▼ 13.7% |
| Gross operating margin9900 | €36k | €29k | €44k | €43k | €54k | ▲ 27.8% |
| Operating profit (loss)9901 | €6k | €-2k | €13k | €14k | €17k | ▲ 17.2% |
| Financial income75/76B | €975 | - | - | - | €11 | - |
| Recurring financial income75 | €975 | - | - | - | €11 | - |
| Financial charges65/66B | €3k | €2k | €2k | €3k | €4k | ▲ 52.0% |
| Recurring financial charges65 | €3k | €2k | €2k | €3k | €4k | ▲ 52.0% |
| Profit (loss) for the period before taxes9903 | €4k | €-4k | €11k | €11k | €12k | ▲ 8.6% |
| Income taxes67/77 | €663 | €349 | €4k | €3k | €3k | ▼ 5.2% |
| Profit (loss) for the period9904 | €3k | €-5k | €6k | €8k | €9k | ▲ 13.9% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-5k | €6k | €8k | €9k | ▲ 13.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €232k | €204k | €182k | €196k | €208k | ▲ 5.9% |
| Fixed assets21/28 | €185k | €162k | €132k | €142k | €156k | ▲ 9.9% |
| Tangible fixed assets22/27 | €185k | €162k | €132k | €142k | €156k | ▲ 9.9% |
| Plant, machinery and equipment23 | €7k | €5k | €4k | €26k | €18k | ▼ 30.0% |
| Furniture and vehicles24 | €23k | €19k | €8k | €14k | €53k | ▲ 292% |
| Leasing and similar rights25 | €155k | €138k | €120k | €102k | €85k | ▼ 17.1% |
| Current assets29/58 | €46k | €43k | €49k | €54k | €52k | ▼ 4.4% |
| Amounts receivable within one year40/41 | €27k | €38k | €40k | €44k | €46k | ▲ 5.0% |
| Trade receivables40 | €25k | €32k | €35k | €41k | €44k | ▲ 6.1% |
| Other amounts receivable41 | €3k | €6k | €5k | €3k | €3k | ▼ 10.1% |
| Cash at bank and in hand54/58 | €15k | - | €4k | €5k | €130 | ▼ 97.5% |
| Deferred charges and accrued income490/1 | €4k | €5k | €5k | €5k | €5k | ▲ 10.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €232k | €204k | €182k | €196k | €208k | ▲ 5.9% |
| Equity10/15 | €56k | €52k | €58k | €66k | €76k | ▲ 14.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €50k | €50k | €52k | €60k | €69k | ▲ 15.8% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €48k | €48k | €52k | €60k | €69k | ▲ 15.8% |
| Profit (loss) carried forward14 | - | €-5k | €0 | - | - | - |
| Amounts payable17/49 | €175k | €153k | €124k | €130k | €132k | ▲ 1.7% |
| Amounts payable after more than one year17 | €133k | €107k | €85k | €83k | €78k | ▼ 5.3% |
| Financial debts170/4 | €133k | €107k | €85k | €83k | €78k | ▼ 5.3% |
| Amounts payable within one year42/48 | €42k | €46k | €39k | €47k | €53k | ▲ 13.0% |
| Current portion of amounts payable after more than one year42 | €27k | €27k | €21k | €27k | €34k | ▲ 27.3% |
| Financial debts43 | - | €1k | €0 | - | - | - |
| Credit institutions430/8 | - | €1k | €0 | - | - | - |
| Trade debts44 | €11k | €9k | €6k | €6k | €4k | ▼ 36.8% |
| Suppliers440/4 | €11k | €9k | €6k | €6k | €4k | ▼ 36.8% |
| Taxes, remuneration and social security45 | €4k | €5k | €5k | €8k | €10k | ▲ 19.4% |
| Taxes450/3 | €4k | €349 | €3k | €6k | €7k | ▲ 27.4% |
| Remuneration and social security454/9 | - | €5k | €2k | €2k | €2k | = |
| Other amounts payable47/48 | €565 | €4k | €6k | €6k | €6k | ▼ 8.3% |
| Accrued charges and deferred income492/3 | - | - | - | €312 | €766 | ▲ 145% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-5k | €6k | €8k | €9k | ▲ 13.9% |
| + Depreciation and write-downs630 | €29k | €30k | €31k | €28k | €37k | ▲ 34.3% |
| Operating cash flow (approximation) | €33k | €25k | €37k | €36k | €46k | ▲ 29.6% |
| Investment in fixed assets (approximation) | - | €-7k | €-2k | €-37k | €-51k | ▼ 36.6% |
| Change in cash | - | - | - | €994 | €-5k | ▼ 612% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €9k ▲13.9%
Operating result €17k, net result €9k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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 2006
Ground area
511 m²
Building footprint
114 m²
Volume, LiDAR
658 m³
Parcel 13483N0734/00M003, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Steenweg op Sevendonk 133, 2360 Oud-Turnhout
since 20062.157.856.951
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13483N0734/00M003 | Flanders | 511 m² | 1 · 114 m² | 8.9 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.
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Of 8,454 companies in sector 43120 we hold annual accounts for 3,231. 2,600 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.