BORLIX

Active

Public limited companyfounded 1998active for 28 yearsLanceloot Blondeellaan 15, 8380 Brugge, BelgiumKBO/BCE: BE 0462.704.252

Summary

BORLIX has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.0m and a net result of €937,106. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 43% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

BORLIXActiveChecked score 87/100

Risk analysis Report Compare

Activity

Manufacture of food products

NACE 10910

1 site

Size

€48.6mturnover 2025

Staff: 11.1 FTE
Equity: €9.0m
Profit: €937,106

Financial health

87 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.3%

Structure

Parent: MASELIS · 99.95%
Board: 6 members

Auditor: VRC BEDRIJFSREVISOREN2025 accounts filed 7 days late3 of 14 deeds summarised

Why 87raises riskSector: Manufacture of food products (NACE 10)Liquidity: current ratio 2.30, cash €1.2mlowers riskFounded in 1998Legal form: public limited companyShow the evidence

Checked score

Score 2025

87 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 50% of its sector peers (NACE 10, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 60+5

equity 34.9% of total assets

Liquidity 54-4

short-term debt 13.2% · cash 4.8%

Profitability 66-4

return on assets 3.6%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (629 companies, NACE 10, small)

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.3%▼ -0.1 percentage points vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.4 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%▲ +0.2 percentage points vs 07-2026 09-2026: 0.3%▼ -0.1 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026

Credit of up to €750,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.3, compared with 2.79 in 2024, above the usual 1.5; short-term debt: 13.2% and cash: 4.8% of total assets), but 65.1% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 10, small): better than 48% on solvency, 70% on liquidity, 41% on profitability and 40% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Sector: Manufacture of food products (NACE 10)

KBO

Founded in 1998

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Liquidity: current ratio 2.30, cash €1.2m

NBB · annual accounts

Legal form: public limited company

KBO

A punctual record breaks

This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

7 days late

2024

15 days early

2023

16 days early

2022

26 days early

2021

27 days early

2020

59 days early

2019

49 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 26 days before the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

07-08-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Reappointments: Patrick Maselis, Guy Maenhout and…Resignation: Benoit Verhaeghe (director) ·…
16-07-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Caution: Result fell in 2025from €1.8m to €937,106 ▼ 46.6% View
Controlled by MASELIS 99.95% View
Board6 directors in office 6 View

By topic

Financials

Financial year: 2025
Turnover: €48.6m
Profit: €937,106
Solvency: 34.9%

Turnover▼ 9.4%

Net result

20182025

Go to Financials

Board & ownership

Board: 6 members
Parent: MASELIS · 99.95%
Auditor: VRC BEDRIJFSREVISOREN

Cyriel Management BVDirector
ClaKar CommVDirector
Guy MaenhoutDirector
KRM BVDirector
Mattschap BVDirector

and 1 other director

Go to Board & ownership

Timeline

Events: 35
Since: 2000
Next accounts: by 31-07-2027

31-12-2024Highest result from 2018 to 2025
02-10-2024Appointment: Cyriel Management (additional director)
15-07-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Manufacture of food productsNACE 10910
Founded: 03-03-1998
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 14

Annual meeting: Last Friday of May at 16:00

Go to Articles of association

Key facts about BORLIX

What is the company number of BORLIX?: 0462.704.252. In Belgium the VAT number is the company number with BE in front: BE 0462.704.252.
Where is BORLIX based?: The registered office is at Lanceloot Blondeellaan 15, 8380 Brugge.Company details
What does BORLIX do?: According to the KBO register, the main activity is manufacture of food products (NACE 10910).
What is the legal form of BORLIX?: Public limited company (NV).
When was BORLIX founded?: On 03-03-1998.
Is BORLIX still active?: Yes, BORLIX is an active enterprise in the KBO register.
How many employees does BORLIX have?: On average 11.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of BORLIX?: €48.6m in financial year 2025, according to the filed annual accounts.
Is BORLIX profitable?: In financial year 2025, BORLIX made a profit of €937,106.
Where can I find the annual accounts of BORLIX?: BORLIX filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BORLIX due?: By 31-07-2027, for financial year 2026.Timeline