BORLU
Annual accounts 2025
micro format, filed on 16-06-2026, 45 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €13,000. Estimated: probably between €7,800 and €26,000.
Balance sheet
balance sheet total €9,503 on 31-12-2025in euro
in euro
Position in the sector
26.3%
Higher than 26% of 11,794 companies in 2025.
0.74
Higher than 13% of 11,521 companies in 2025.
-2.0%
Higher than 17% of 11,605 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
9,503 | 9,038 | 20,151 | |
20 |
- | - | 163 | |
21/28 |
4,338 | 4,880 | 5,422 | |
22/27 |
4,338 | 4,880 | 5,422 | |
26 |
4,338 | 4,880 | 5,422 | |
29/58 |
5,165 | 4,158 | 14,566 | |
40/41 |
848 | 776 | 5,927 | |
40 |
201 | 763 | 5,927 | |
41 |
647 | 13 | - | |
54/58 |
4,250 | 1,238 | 7,003 | |
490/1 |
67 | 2,145 | 1,635 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
9,503 | 9,038 | 20,151 | |
10/15 |
2,500 | 2,690 | 6,348 | |
10/11 |
3,000 | 3,000 | 3,000 | |
13 |
- | - | 3,348 | |
133 |
- | - | 3,348 | |
14 |
-500 | -310 | - | |
17/49 |
7,003 | 6,348 | 13,803 | |
42/48 |
7,003 | 6,071 | 13,428 | |
44 |
713 | 3,342 | 7,040 | |
440/4 |
713 | 3,342 | 7,040 | |
45 |
1,939 | 1,637 | 4,998 | |
450/3 |
1,939 | 1,637 | 4,998 | |
47/48 |
4,351 | 1,092 | 1,389 | |
492/3 |
- | 276 | 375 | |
| Income statement | ||||
9900 |
2,540 | 1,921 | 7,158 | |
630 |
542 | 705 | 1,792 | |
640/8 |
564 | 957 | 897 | |
9901 |
1,433 | 260 | 4,469 | |
75/76B |
248 | - | - | |
75 |
1 | - | - | |
76B |
247 | - | - | |
65/66B |
1,485 | 797 | 5 | |
65 |
1,485 | 797 | 5 | |
9903 |
197 | -537 | 4,464 | |
67/77 |
387 | 521 | 1,116 | |
9904 |
-190 | -1,058 | 3,348 | |
9905 |
-190 | -1,058 | 3,348 | |
| Appropriation of the result | ||||
9906 |
-500 | -1,058 | 3,348 | |
14P |
-310 | - | - | |
791/2 |
- | 3,348 | - | |
691/2 |
- | - | 3,348 | |
6921 |
- | - | 3,348 | |
694/7 |
- | 2,600 | - | |
694 |
- | 2,600 | - | |
| Document | ||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 16-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 1,975 | 965 | 6,261 | ||
| 352 | -353 | 5,140 | ||
| 0 | 163 | 5,422 | ||
| 3,013 | -5,766 | - | ||
| -1,838 | -1,914 | 1,138 | ||
| 26.3% | 29.8% | 31.5% | ||
| 0.74 | 0.68 | 1.08 | ||
| 2.80 | 2.36 | 2.17 | ||
| -7.6% | -39.3% | 52.7% | ||
| -2.0% | -11.7% | 16.6% | ||
| 1.33 | 1.21 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | - | €5,422 |
| €542 | €705 | €1,792 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on BORLU
The operating result for 2025 is 5.5 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 70.2% to 73.7%. Equity is lower and debt is higher.