BORLU
ActiveSummary
BORLU has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3k and a net result of €-1k. Its solvency ranks better than 27% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability14▼-76
Solvency55▼-2
Growth32
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
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 · 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
29.8%
Return on assets
-11.7%
Age of the figures
21 mo
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 17-06-2025, 44 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
55 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€3k▼ 57.6%
2023 · €6k
2023: €6k
2024: €3k▼ -57.6% vs 2023
2023 → 2024
Total assets
€9k▼ 55.1%
2023 · €20k
2023: €20k
2024: €9k▼ -55.1% vs 2023
2023 → 2024
Net result
€-1k
2023 · €3k
2023: €3k
2024: €-1k▼ -132% vs 2023
2023 → 2024
Working capital
€-2k
2023 · €1k
2023: €1k
2024: €-2k▼ -268% vs 2023
2023 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€6k-€3k▼ 57.6%
2023: €6k
2024: €3k▼ -57.6% vs 2023
Operating result€4k-€260▼ 94.2%
2023: €4k
2024: €260▼ -94.2% vs 2023
Net result€3k-€-1k
2023: €3k
2024: €-1k▼ -132% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 94% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9k
Fixed assets
€5k ▼ 10.0%
Current assets
€4k ▼ 71.5%
Equity and liabilities €9k
Equity
€3k ▼ 57.6%
Debt
€6k ▼ 54.0%
Debt's share of the balance-sheet total rises from 68.5% to 70.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€965▼
2023 · €6k
Cash flow
€-353▼
2023 · €5k
Current ratio
0.68▼
2023 · 1.08
Debt to equity
2.36▲
2023 · 2.17
ROE
-39.3%▼
2023 · 52.7%
ROA
-11.7%▼
2023 · 16.6%
Interest coverage
1.21▼
2023 · 1355.14
Debt ≤ 1 year
€6k▼
2023 · €13k
Income taxes
€521▼
2023 · €1k
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 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€20k€9k▼
Formation expenses20€163-
Fixed assets21/28€5k€5k▼
Tangible fixed assets22/27€5k€5k▼
Other tangible fixed assets26€5k€5k▼
Current assets29/58€15k€4k▼
Amounts receivable within one year40/41€6k€776▼
Trade receivables40€6k€763▼
Other amounts receivable41-€13
Cash at bank and in hand54/58€7k€1k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€20k€9k▼
Equity10/15€6k€3k▼
Contributions10/11€3k€3k=
Reserves13€3k-
Distributable reserves133€3k-
Profit (loss) carried forward14-€-310
Amounts payable17/49€14k€6k▼
Amounts payable within one year42/48€13k€6k▼
Trade debts44€7k€3k▼
Suppliers440/4€7k€3k▼
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€5k€2k▼
Other amounts payable47/48€1k€1k▼
Accrued charges and deferred income492/3€375€276▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€705▼
Other operating charges640/8€897€957▲
Gross operating margin9900€7k€2k▼
Operating profit (loss)9901€4k€260▼
Financial charges65/66B€5€797▲
Recurring financial charges65€5€797▲
Profit (loss) for the period before taxes9903€4k€-537▼
Income taxes67/77€1k€521▼
Profit (loss) for the period9904€3k€-1k▼
Profit (loss) for the period to be appropriated9905€3k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-1k▼
Transfer from equity791/2-€3k
Transfer to equity691/2€3k-
To other reserves6921€3k-
Profit to be distributed694/7-€3k
Return on contributions (dividend)694-€3k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €705 | ▼ 60.7% |
| Other operating charges640/8 | €897 | €957 | ▲ 6.6% |
| Gross operating margin9900 | €7k | €2k | ▼ 73.2% |
| Operating profit (loss)9901 | €4k | €260 | ▼ 94.2% |
| Financial charges65/66B | €5 | €797 | ▲ 17,144% |
| Recurring financial charges65 | €5 | €797 | ▲ 17,144% |
| Profit (loss) for the period before taxes9903 | €4k | €-537 | ▼ 112% |
| Income taxes67/77 | €1k | €521 | ▼ 53.3% |
| Profit (loss) for the period9904 | €3k | €-1k | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-1k | ▼ 132% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €20k | €9k | ▼ 55.1% |
| Formation expenses20 | €163 | - | - |
| Fixed assets21/28 | €5k | €5k | ▼ 10.0% |
| Tangible fixed assets22/27 | €5k | €5k | ▼ 10.0% |
| Other tangible fixed assets26 | €5k | €5k | ▼ 10.0% |
| Current assets29/58 | €15k | €4k | ▼ 71.5% |
| Amounts receivable within one year40/41 | €6k | €776 | ▼ 86.9% |
| Trade receivables40 | €6k | €763 | ▼ 87.1% |
| Other amounts receivable41 | - | €13 | - |
| Cash at bank and in hand54/58 | €7k | €1k | ▼ 82.3% |
| Deferred charges and accrued income490/1 | €2k | €2k | ▲ 31.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €20k | €9k | ▼ 55.1% |
| Equity10/15 | €6k | €3k | ▼ 57.6% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €3k | - | - |
| Distributable reserves133 | €3k | - | - |
| Profit (loss) carried forward14 | - | €-310 | - |
| Amounts payable17/49 | €14k | €6k | ▼ 54.0% |
| Amounts payable within one year42/48 | €13k | €6k | ▼ 54.8% |
| Trade debts44 | €7k | €3k | ▼ 52.5% |
| Suppliers440/4 | €7k | €3k | ▼ 52.5% |
| Taxes, remuneration and social security45 | €5k | €2k | ▼ 67.2% |
| Taxes450/3 | €5k | €2k | ▼ 67.2% |
| Other amounts payable47/48 | €1k | €1k | ▼ 21.4% |
| Accrued charges and deferred income492/3 | €375 | €276 | ▼ 26.3% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-1k | ▼ 132% |
| + Depreciation and write-downs630 | €2k | €705 | ▼ 60.7% |
| Operating cash flow (approximation) | €5k | €-353 | ▼ 107% |
| Investment in fixed assets (approximation) | - | €-163 | - |
| Change in cash | - | €-6k | - |
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
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hasselt · 1 establishment unit since 2023
Ground area
1,166 m²
Building footprint
159 m²
Volume, LiDAR
559 m³
Parcel 71054A0241/00H000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BORLU
since 20232.342.654.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71054A0241/00H000 | Flanders | 1,166 m² | 1 · 159 m² | 5.9 m · 1 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 2,143 companies in sector 71209 we hold annual accounts for 1,085. 220 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
Founded09-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
33110Repair and maintenance of fabricated metal products
68121Development of residential building projects
68310Real estate agency activities
70200Business and other management consultancy
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.