BORMS-DECOR
ActiveSummary
BORMS-DECOR has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €36,330 and a net result of €7,386. Equity is growing by ~14.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-1
Solvency50▼-18
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.46 in 2023; short-term debt: 74.7% and cash: 26.4% of total assets), and 74.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 2024Solvency, return and age of the figures
Solvency
25.3%
Return on assets
5.1%
Age of the figures
21 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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
54 d early
2023
37 d early
2022
51 d early
2021
11 d early
2020
35 d early
2019
44 d 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 38 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 25 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€36,330▼ 54.0%
2023 · €78,944
Total assets
€143,654▼ 22.1%
2023 · €184,484
Net result
€7,386▼ 27.1%
2023 · €10,128
Working capital
€6,369▼ 86.8%
2023 · €48,192
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€33,187▼ 22.9%€1,990▼ 94.0%€8,840▲ 344%€16,388▲ 85.4%€12,267▼ 25.1%
Net result€26,453above the sector's middle half▼ 6.1%€1,200within the sector's middle half▼ 95.5%€4,497within the sector's middle half▲ 275%€10,128within the sector's middle half▲ 125%€7,386within the sector's middle half▼ 27.1%
Equity€63,119within the sector's middle half▲ 72.1%€64,319within the sector's middle half▲ 1.9%€68,816within the sector's middle half▲ 7.0%€78,944within the sector's middle half▲ 14.7%€36,330within the sector's middle half▼ 54.0%
Total assets€107,693within the sector's middle half▼ 34.7%€168,439within the sector's middle half▲ 56.4%€196,213within the sector's middle half▲ 16.5%€184,484within the sector's middle half▼ 6.0%€143,654within the sector's middle half▼ 22.1%
Debt€44,574▼ 65.2%€104,121▲ 134%€127,398▲ 22.4%€105,541▼ 17.2%€107,324▲ 1.7%
Working capital-€1,012below the sector's middle half▲ 96.7%-€1,703below the sector's middle half▼ 68.3%€20,497within the sector's middle half€48,192within the sector's middle half▲ 135%€6,369within the sector's middle half▼ 86.8%
Solvency58.6%within the sector's middle half▲ 36.4pp38.2%within the sector's middle half▼ 20.4pp35.1%within the sector's middle half▼ 3.1pp42.8%within the sector's middle half▲ 7.7pp25.3%within the sector's middle half▼ 17.5pp
Current ratio0.98below the sector's middle half▲ 0.230.98below the sector's middle half▲ 0.011.16within the sector's middle half▲ 0.181.46within the sector's middle half▲ 0.301.06below the sector's middle half▼ 0.40
Return on assets (ROA)24.6%above the sector's middle half▲ 7.5pp0.7%below the sector's middle half▼ 23.9pp2.3%within the sector's middle half▲ 1.6pp5.5%within the sector's middle half▲ 3.2pp5.1%within the sector's middle half▼ 0.3pp
Staff (FTE)3.4above the sector's middle half▲ 47.8%3.8▲ 11.8%3.8=4▲ 5.3%5.6▲ 40.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €143,654
Fixed assets
€29,961 ▼ 2.6%
Current assets
€113,693 ▼ 26.0%
Equity and liabilities €143,654
Equity
€36,330 ▼ 54.0%
Debt
€107,324 ▲ 1.7%
Debt's share of the balance-sheet total rises from 57.2% to 74.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37,025▼
2023 · €37,392
Cash flow
€32,144▲
2023 · €31,132
Quick ratio
0.88▼
2023 · 1.36
Debt to equity
2.95▲
2023 · 1.34
ROE
20.3%▲
2023 · 12.8%
Interest coverage
8.18▼
2023 · 8.48
Debt ≤ 1 year
€107,324▲
2023 · €105,541
Income taxes
€2,851▼
2023 · €4,421
Staff costs
€237,326▲
2023 · €149,571
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €112,941 | €131,805 | €149,571 | €237,326 | ▲ 58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,676 | €19,716 | €20,881 | €21,004 | €24,758 | ▲ 17.9% |
| Other operating charges640/8 | - | €364 | €558 | €762 | €635 | ▼ 16.8% |
| Gross operating margin9900 | €149,500 | €135,010 | €162,084 | €187,726 | €274,986 | ▲ 46.5% |
| Operating profit (loss)9901 | €33,187 | €1,990 | €8,840 | €16,388 | €12,267 | ▼ 25.1% |
| Financial income75/76B | - | €1,660 | €1,692 | €2,568 | €2,494 | ▼ 2.9% |
| Recurring financial income75 | €1,287 | €1,660 | €1,692 | €2,568 | €2,494 | ▼ 2.9% |
| Financial charges65/66B | - | €1,698 | €4,687 | €4,408 | €4,524 | ▲ 2.6% |
| Recurring financial charges65 | €1,759 | €1,698 | €4,687 | €4,408 | €4,524 | ▲ 2.6% |
| Profit (loss) for the period before taxes9903 | €32,715 | €1,951 | €5,846 | €14,549 | €10,237 | ▼ 29.6% |
| Income taxes67/77 | €6,261 | €752 | €1,349 | €4,421 | €2,851 | ▼ 35.5% |
| Profit (loss) for the period9904 | €26,453 | €1,200 | €4,497 | €10,128 | €7,386 | ▼ 27.1% |
| Profit (loss) for the period to be appropriated9905 | €26,453 | €1,200 | €4,497 | €10,128 | €7,386 | ▼ 27.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,693 | €168,439 | €196,213 | €184,484 | €143,654 | ▼ 22.1% |
| Fixed assets21/28 | €65,982 | €66,021 | €48,319 | €30,751 | €29,961 | ▼ 2.6% |
| Tangible fixed assets22/27 | €65,382 | €65,421 | €47,719 | €30,151 | €29,361 | ▼ 2.6% |
| Plant, machinery and equipment23 | - | €986 | €3,292 | €3,678 | €2,431 | ▼ 33.9% |
| Furniture and vehicles24 | - | €64,436 | €44,427 | €26,474 | €26,930 | ▲ 1.7% |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €600 | = |
| Current assets29/58 | €41,711 | €102,418 | €147,895 | €153,733 | €113,693 | ▼ 26.0% |
| Stocks and contracts in progress3 | €8,583 | €25,025 | €25,025 | €10,230 | €19,520 | ▲ 90.8% |
| Stocks30/36 | - | €15,025 | €15,025 | €10,230 | €19,520 | ▲ 90.8% |
| Contracts in progress37 | - | €10,000 | €10,000 | - | - | - |
| Amounts receivable within one year40/41 | €7,940 | €55,795 | €49,020 | €31,275 | €49,476 | ▲ 58.2% |
| Trade receivables40 | - | €42,976 | €36,203 | €20,018 | €40,543 | ▲ 103% |
| Other amounts receivable41 | - | €12,819 | €12,816 | €11,257 | €8,932 | ▼ 20.7% |
| Cash at bank and in hand54/58 | €17,483 | €17,030 | €59,786 | €105,147 | €37,878 | ▼ 64.0% |
| Deferred charges and accrued income490/1 | - | €4,568 | €14,064 | €7,081 | €6,819 | ▼ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,693 | €168,439 | €196,213 | €184,484 | €143,654 | ▼ 22.1% |
| Equity10/15 | €63,119 | €64,319 | €68,816 | €78,944 | €36,330 | ▼ 54.0% |
| Contributions10/11 | - | €50,000 | €50,000 | €50,000 | - | - |
| Reserves13 | €29,400 | €30,590 | €35,085 | €42,085 | €49,385 | ▲ 17.3% |
| Non-distributable reserves130/1 | - | €3,000 | €3,000 | - | - | - |
| Reserves not available under the articles1311 | - | €3,000 | €3,000 | - | - | - |
| Distributable reserves133 | - | €27,590 | €32,085 | €42,085 | €49,385 | ▲ 17.3% |
| Profit (loss) carried forward14 | -€16,281 | -€16,271 | -€16,269 | -€13,141 | -€13,055 | ▲ 0.7% |
| Amounts payable17/49 | €44,574 | €104,121 | €127,398 | €105,541 | €107,324 | ▲ 1.7% |
| Amounts payable after more than one year17 | €1,852 | - | - | - | - | - |
| Amounts payable within one year42/48 | €42,723 | €104,121 | €127,398 | €105,541 | €107,324 | ▲ 1.7% |
| Current portion of amounts payable after more than one year42 | - | €21,388 | €20,000 | €20,000 | - | - |
| Trade debts44 | €9,691 | €6,818 | €25,885 | €15,755 | €11,033 | ▼ 30.0% |
| Suppliers440/4 | - | €6,818 | €25,885 | €15,755 | €11,033 | ▼ 30.0% |
| Taxes, remuneration and social security45 | - | €1,052 | €1,437 | €1,843 | €2,137 | ▲ 16.0% |
| Taxes450/3 | - | €1,052 | €1,437 | €1,843 | €2,137 | ▲ 16.0% |
| Other amounts payable47/48 | - | €74,863 | €80,076 | €67,943 | €94,154 | ▲ 38.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,453 | €1,200 | €4,497 | €10,128 | €7,386 | ▼ 27.1% |
| + Depreciation and write-downs630 | €14,676 | €19,716 | €20,881 | €21,004 | €24,758 | ▲ 17.9% |
| Operating cash flow (approximation) | €41,129 | €20,916 | €25,379 | €31,132 | €32,144 | ▲ 3.3% |
| Investment in fixed assets (approximation) | - | -€19,755 | -€3,179 | -€3,436 | -€23,967 | ▼ 597% |
| Change in cash | - | -€453 | €42,757 | €45,360 | -€67,268 | ▼ 248% |
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
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €1,200 ▼95.5%
Net result drops to €1,200, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €28,166 ▲103%
Operating result €43,054, net result €28,166, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Koksijde · 1 establishment unit since 2007
Ground area
754 m²
Building footprint
118 m²
Volume, LiDAR
1,202 m³
Parcel 38342H0507/00A000, Flanders · tallest building 12.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Borms - Decor
since 20072.163.928.359
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38342H0507/00A000 | Flanders | 754 m² | 1 · 118 m² | 12.6 m · 4 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.
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 467 EUR awarded · 467 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 408 EUR | 408 EUR |
| 2024 | 1 | 59 EUR | 59 EUR |
Recognitions · licences · registrations
Dual-learning approval
4 endedDecoratie en schilderwerken duaal (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder-decorateur (so)
Schilder-decorateur (vwo)
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Of 7,862 companies in this sector we hold annual accounts for 2,666. 2,271 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded06-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
43350Other building finishing work
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890643211
Also
9925:BE0890643211
Registered
04-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.