BORJE

Active

Private limited company (pre-2019)founded 201411 yrs activeBergense Steenweg 479, 1070 Anderlecht, BelgiumKBO/BCE: BE 0506.715.726

The computed 12-month bankruptcy probability of BORJE is 8.4% (elevated). The 2024 annual accounts show equity of €119k and a net result of €-31k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 6714 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

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Checked score

Score 2024

70 / 100

Healthy▼ -30 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency98▼-2

Growth52▼-26

Stability92

Bankruptcy probability, 12 months

8.4% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity ample (current ratio 2.03 against 2.45 in 2023), and 41.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

Recent warning signals

The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.

Belgian State Gazette

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 2024

Solvency, return and age of the figures

Solvency

58.5%

Return on assets

-15.4%

Age of the figures

20 mo

Ex-officio strike-off

The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.

KBO publications

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-11-2025, 108 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

108 d late

2023

148 d late

2022

144 d late

2021

509 d late

2020

108 d late

2019

119 d late

← before the deadline after the deadline →

Administrative warnings in the KBO publications

1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.

KBO publications

Publications

Address struck

Financials · fiscal year 2024, micro schema

Equity

€119k▼ 20.8%

2023 · €151k

2018: €18k 2019: €9k 2020: €-2k 2021: €-16k 2022: €9k 2023: €151k

2018 → 2024

Total assets

€204k▼ 9.4%

2023 · €225k

2018: €50k 2019: €35k 2020: €43k 2021: €37k 2022: €77k 2023: €225k

2018 → 2024

Net result

€-31k

2023 · €142k

2018: €-1k 2019: €-9k 2020: €-11k 2021: €-14k 2022: €25k 2023: €142k

2018 → 2024

Working capital

€87k▼ 19.1%

2023 · €108k

2018: €-4k 2019: €-4k 2020: €-5k 2021: €-16k 2022: €-12k 2023: €108k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-2k-€-16k▼ 811%€9k€151k▲ 1,523%€119k▼ 20.8%

Operating result€-11k-€-14k▼ 29.3%€25k€151k▲ 497%€-5k

Net result€-11k-€-14k▼ 28.1%€25k€142k▲ 465%€-31k

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 2024: a loss of €5k after €151k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €204k

15.8%

84.2%

Fixed assets €32k▼ 25.2%

Current assets €172k▼ 5.7%

Equity and liabilities €204k

58.5%

41.5%

Equity €119k▼ 20.8%

Debt €85k▲ 13.7%

The debt ratio rises from 33.1% to 41.5%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€17k▼

2023 · €168k

Cash flow

€-10k▼

2023 · €159k

Solvency

58.5%▼

2023 · 66.9%

Current ratio

2.03▼

2023 · 2.45

Quick ratio

2.03▼

2023 · 2.45

Debt / equity

0.71▲

2023 · 0.49

ROE

-26.3%▼

2023 · 93.8%

ROA

-15.4%▼

2023 · 62.8%

Interest coverage

91.60▼

2023 · 424.34

Debt

€85k▲

2023 · €75k

Debt ≤ 1 year

€85k▲

2023 · €75k

Income taxes

€27k▲

2023 · €9k

Staff costs

€64k▲

2023 · €5k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€225k€204k▼

Fixed assets21/28€43k€32k▼

Tangible fixed assets22/27€43k€32k▼

Furniture and vehicles24€43k€32k▼

Current assets29/58€182k€172k▼

Amounts receivable within one year40/41€156k€140k▼

Trade receivables40€42k€23k▼

Other amounts receivable41€114k€117k▲

Cash at bank and in hand54/58€26k€32k▲

Equity and liabilities

Total equity and liabilities10/49€225k€204k▼

Equity10/15€151k€119k▼

Contributions10/11€19k€19k=

Reserves13€500€500=

Non-distributable reserves130/1€500€500=

Reserves not available under the articles1311€500€500=

Profit (loss) carried forward14€132k€100k▼

Amounts payable17/49€75k€85k▲

Amounts payable within one year42/48€75k€85k▲

Trade debts44€33k€58k▲

Suppliers440/4€33k€58k▲

Taxes, remuneration and social security45€24k€27k▲

Taxes450/3€17k€18k▲

Remuneration and social security454/9€8k€9k▲

Other amounts payable47/48€17k€84▼

Income statement Code20232024

Remuneration, social security and pensions62€5k€64k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€22k▲

Other operating charges640/8€144€2k▲

Gross operating margin9900€173k€83k▼

Operating profit (loss)9901€151k€-5k▼

Financial charges65/66B€397€190▼

Recurring financial charges65€397€190▼

Profit (loss) for the period before taxes9903€151k€-5k▼

Income taxes67/77€9k€27k▲

Profit (loss) for the period9904€142k€-31k▼

Profit (loss) for the period to be appropriated9905€142k€-31k▼

Appropriation of the result

Profit (loss) to be appropriated9906€132k€100k▼

Profit (loss) brought forward from the previous period14P€-10k€132k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 16Signals 1Financial 5Filings 10

2026

23-02

KBO administration Address struck

2025

16-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 108 days late

2024

31-12

Financial Weakest financial yearnet €-31k ▼122%

Net result drops to €-31k, the lowest in the series.

26-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 148 days late

2023

31-12

Financial Highest result since 2018net €142k ▲465%

Operating result €151k, net result €142k, both a record.

31-12

Financial Liquidity triplescurrent ratio 2.45

Current ratio from 0.82 to 2.45.

31-12

Financial Equity above €150kEq €151k ▲1523%

2 profitable years in a row build equity to €151k.

22-12

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 144 days late

22-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 509 days late

2022

31-12

Financial Back to profitnet €25k

Net result €25k after 4 loss-making years.

2021

16-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 108 days late

2020

27-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 119 days late

09-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 314 days late

2018

24-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

21-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

27-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 58 days late

SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

30-09-2024 El Hammouchi Brahim: Resigned as Director

30-09-2024 Zafar Iqbal: Resigned as Director

Location & real-estate footprint

Registered office, Anderlecht · 1 establishment unit since 2014

establishment The establishment unit on the map

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.

Bergense Steenweg 4791070 Anderlecht

Ground area

305 m²

Building footprint

221 m²

Volume, LiDAR

1,828 m³

2 parcels, Brussels · tallest building 15.9 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

BORJE

Manufacture of motor vehicles, trailers and semi-trailers

since 20142.237.553.834

2 parcels

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21811M0197/00W010 ProtectedMonumentVoormalige papeteries générales belges Ed. Haseldonckx & CieSource ↗	Brussels	163 m²	1 · 85 m²	13.8 m · 3 fl.
21001A0565/00B002	Brussels	142 m²	1 · 136 m²	15.9 m · 2 fl.