BORINGEN CARDI
ActiveSummary
The computed 12-month bankruptcy probability of BORINGEN CARDI is 2.7% (moderate). The 2025 annual accounts show equity of €87k and a net result of €-15k. Equity is growing by ~30.8% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-83
Solvency96▲+7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 3.98 against 4.66 in 2024; short-term debt: 20.5% and cash: 24.8% of total assets), and 29.4% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.6%
Return on assets
-12.4%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
17 d early
2024
57 d early
2023
30 d early
2022
24 d early
2021
32 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€87k▼ 15.0%
2024 · €103k
2021: €22k
2022: €48k
2023: €79k
2024: €103k
2021 → 2025
Total assets
€124k▼ 22.7%
2024 · €160k
2021: €49k
2022: €119k
2023: €163k
2024: €160k
2021 → 2025
Net result
€-15k
2024 · €23k
2021: €17k
2022: €26k
2023: €31k
2024: €23k
2021 → 2025
Working capital
€76k▼ 25.2%
2024 · €101k
2021: €11k
2022: €38k
2023: €77k
2024: €101k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€48k▲ 114%€79k▲ 65.4%€103k▲ 29.3%€87k▼ 15.0%
Operating result€23k-€37k▲ 58.5%€45k▲ 21.7%€35k▼ 23.2%€-9k
Net result€17k-€26k▲ 46.9%€31k▲ 22.6%€23k▼ 25.8%€-15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €35k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124k
Fixed assets
€23k ▼ 27.2%
Current assets
€101k ▼ 21.6%
Equity and liabilities €124k
Equity
€87k ▼ 15.0%
Debt
€36k ▼ 36.5%
Debt's share of the balance-sheet total falls from 35.8% to 29.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€924▼
2024 · €58k
Cash flow
€-5k▼
2024 · €46k
Current ratio
3.98▼
2024 · 4.66
Debt to equity
0.42▼
2024 · 0.56
ROE
-17.6%▼
2024 · 22.7%
ROA
-12.4%▼
2024 · 14.6%
Interest coverage
0.15▼
2024 · 10.21
Debt ≤ 1 year
€25k▼
2024 · €28k
Debt > 1 year
€11k▼
2024 · €30k
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€160k€124k▼
Fixed assets21/28€31k€23k▼
Tangible fixed assets22/27€31k€23k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€6k€4k▼
Leasing and similar rights25€19k€13k▼
Current assets29/58€129k€101k▼
Amounts receivable within one year40/41€105k€70k▼
Trade receivables40€99k€64k▼
Other amounts receivable41€5k€7k▲
Cash at bank and in hand54/58€24k€31k▲
Equity and liabilities
Total equity and liabilities10/49€160k€124k▼
Equity10/15€103k€87k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€98k€82k▼
Amounts payable17/49€57k€36k▼
Amounts payable after more than one year17€30k€11k▼
Financial debts170/4€30k€11k▼
Amounts payable within one year42/48€28k€25k▼
Financial debts43€21k€19k▼
Credit institutions430/8€21k€19k▼
Trade debts44€630€905▲
Suppliers440/4€630€905▲
Taxes, remuneration and social security45€6k€6k▼
Taxes450/3€6k€6k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€10k▼
Other operating charges640/8-€8k
Gross operating margin9900€58k€9k▼
Operating profit (loss)9901€35k€-9k▼
Financial income75/76B€48€0▼
Recurring financial income75€48€0▼
Financial charges65/66B€6k€6k▲
Recurring financial charges65€6k€6k▲
Profit (loss) for the period before taxes9903€29k€-15k▼
Income taxes67/77€6k-
Profit (loss) for the period9904€23k€-15k▼
Profit (loss) for the period to be appropriated9905€23k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€98k€82k▼
Profit (loss) brought forward from the previous period14P€74k€98k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-15k ▼166%
Net result drops to €-15k, the lowest in the series.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100kEq €103k ▲29.3%
4 profitable years in a row build equity to €103k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €31k ▲22.6%
Operating result €45k, net result €31k, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Vilvoorde · 1 establishment unit since 2020
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.
Rooseveltlaan (Franklin) 421800 VilvoordeGround area
1,926 m²
Building footprint
285 m²
Volume, LiDAR
786 m³
2 parcels, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BORINGEN CARDI
since 20202.308.768.165
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23041B0162/00S000 | Flanders | 1,620 m² | 1 · 196 m² | 7.2 m · 1 fl. |
| 23643G0455/00E002 | Flanders | 306 m² | 1 · 89 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.