BOROX
ActiveSummary
BOROX has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €1k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 14% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-31
Solvency32▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.09 in 2024; short-term debt: 93.1% and cash: 3.2% of total assets), and 93.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
6.9%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 14%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €23k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
61 d late
2022
30 d late
2021
11 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 4.6%
2024 · €22k
2018: €15k
2019: €21k▲ +46.6% vs 2018
2020: €22k▲ +2.5% vs 2019
2021: €21k▼ -5.9% vs 2020
2022: €22k▲ +5.9% vs 2021
2023: €10k▼ -53.3% vs 2022lowest in 8 years
2024: €22k▲ +120% vs 2023
2025: €23k▲ +4.6% vs 2024highest in 8 years
2018 → 2025
Total assets
€337k▲ 49.0%
2024 · €226k
2018: €166k
2019: €128k▼ -22.8% vs 2018lowest in 8 years
2020: €180k▲ +40.8% vs 2019
2021: €354k▲ +96.7% vs 2020highest in 8 years
2022: €221k▼ -37.7% vs 2021
2023: €160k▼ -27.5% vs 2022
2024: €226k▲ +41.3% vs 2023
2025: €337k▲ +49.0% vs 2024
2018 → 2025
Net result
€1k▼ 91.5%
2024 · €12k
2018: €854
2019: €7k▲ +694% vs 2018
2020: €536▼ -92.1% vs 2019
2021: €-1k▼ -342% vs 2020
2022: €1k▲ +193% vs 2021
2023: €-12k▼ -1061% vs 2022lowest in 8 years
2024: €12k▲ +205% vs 2023highest in 8 years
2025: €1k▼ -91.5% vs 2024
2018 → 2025
Working capital
€20k▲ 14.7%
2024 · €18k
2018: €5klowest in 8 years
2019: €13k▲ +183% vs 2018
2020: €12k▼ -5.9% vs 2019
2021: €15k▲ +23.9% vs 2020
2022: €18k▲ +18.3% vs 2021
2023: €6k▼ -67.0% vs 2022
2024: €18k▲ +203% vs 2023
2025: €20k▲ +14.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€22k▲ 5.9%€10k▼ 53.3%€22k▲ 120%€23k▲ 4.6%
2021: €21k
2022: €22k▲ +5.9% vs 2021
2023: €10k▼ -53.3% vs 2022lowest in 5 years
2024: €22k▲ +120% vs 2023
2025: €23k▲ +4.6% vs 2024highest in 5 years
Operating result€15k-€18k▲ 19.4%€4k▼ 76.0%€17k▲ 312%€1k▼ 92.5%
2021: €15k
2022: €18k▲ +19.4% vs 2021highest in 5 years
2023: €4k▼ -76.0% vs 2022
2024: €17k▲ +312% vs 2023
2025: €1k▼ -92.5% vs 2024lowest in 5 years
Net result€-1k-€1k€-12k€12k€1k▼ 91.5%
2021: €-1k
2022: €1k▲ +193% vs 2021
2023: €-12k▼ -1061% vs 2022lowest in 5 years
2024: €12k▲ +205% vs 2023highest in 5 years
2025: €1k▼ -91.5% vs 2024
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 2025; 2025 is 92% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €337k
Fixed assets
€3k ▼ 33.1%
Current assets
€334k ▲ 50.8%
Equity and liabilities €337k
Equity
€23k ▲ 4.6%
Debt
€314k ▲ 53.9%
Debt's share of the balance-sheet total rises from 90.1% to 93.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3k▼
2024 · €19k
Cash flow
€3k▼
2024 · €14k
Current ratio
1.06▼
2024 · 1.09
Quick ratio
0.79▲
2024 · 0.62
Debt to equity
13.43▲
2024 · 9.13
ROE
4.4%▼
2024 · 54.5%
ROA
0.3%▼
2024 · 5.4%
Interest coverage
0.99▼
2024 · 3.91
Debt ≤ 1 year
€314k▲
2024 · €204k
Income taxes
€793▲
2024 · €742
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€226k€337k▲
Fixed assets21/28€5k€3k▼
Tangible fixed assets22/27€5k€3k▼
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€703€308▼
Current assets29/58€222k€334k▲
Stocks and contracts in progress3€94k€86k▼
Stocks30/36€94k€86k▼
Amounts receivable within one year40/41€125k€236k▲
Trade receivables40€123k€234k▲
Other amounts receivable41€2k€2k=
Cash at bank and in hand54/58-€11k
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€226k€337k▲
Equity10/15€22k€23k▲
Contributions10/11€19k€19k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€574€2k▲
Amounts payable17/49€204k€314k▲
Amounts payable within one year42/48€204k€314k▲
Financial debts43€24k-
Credit institutions430/8€24k-
Trade debts44€64k€150k▲
Suppliers440/4€64k€150k▲
Taxes, remuneration and social security45€23k€39k▲
Taxes450/3€21k€39k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€93k€125k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€897€680▼
Gross operating margin9900€20k€4k▼
Operating profit (loss)9901€17k€1k▼
Financial income75/76B€328€3k▲
Recurring financial income75€328€3k▲
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€13k€2k▼
Income taxes67/77€742€793▲
Profit (loss) for the period9904€12k€1k▼
Profit (loss) for the period to be appropriated9905€12k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€574€2k▲
Profit (loss) brought forward from the previous period14P€-12k€574▲
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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €845 | €1k | €2k | €2k | ▲ 1.4% |
| Other operating charges640/8 | €6k | €2k | €971 | €897 | €680 | ▼ 24.1% |
| Gross operating margin9900 | €27k | €20k | €6k | €20k | €4k | ▼ 82.1% |
| Operating profit (loss)9901 | €15k | €18k | €4k | €17k | €1k | ▼ 92.5% |
| Financial income75/76B | €410 | €253 | €3k | €328 | €3k | ▲ 946% |
| Recurring financial income75 | €410 | €253 | €3k | €328 | €3k | ▲ 946% |
| Financial charges65/66B | €15k | €16k | €19k | €5k | €3k | ▼ 39.9% |
| Recurring financial charges65 | €9k | €16k | €19k | €5k | €3k | ▼ 39.9% |
| Non-recurring financial charges66B | €6k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €158 | €2k | €-11k | €13k | €2k | ▼ 85.9% |
| Income taxes67/77 | €1k | €310 | €222 | €742 | €793 | ▲ 6.9% |
| Profit (loss) for the period9904 | €-1k | €1k | €-12k | €12k | €1k | ▼ 91.5% |
| Transfer from tax-exempt reserves789 | €1k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €-68 | €1k | €-12k | €12k | €1k | ▼ 91.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €354k | €221k | €160k | €226k | €337k | ▲ 49.0% |
| Fixed assets21/28 | €6k | €4k | €4k | €5k | €3k | ▼ 33.1% |
| Tangible fixed assets22/27 | €6k | €4k | €4k | €5k | €3k | ▼ 33.1% |
| Land and buildings22 | €1k | €1k | €2k | €2k | €2k | ▼ 22.1% |
| Plant, machinery and equipment23 | €323 | €2k | €1k | €2k | €1k | ▼ 36.9% |
| Furniture and vehicles24 | €2k | €1k | €1k | €703 | €308 | ▼ 56.2% |
| Leasing and similar rights25 | €2k | - | - | - | - | - |
| Current assets29/58 | €349k | €217k | €156k | €222k | €334k | ▲ 50.8% |
| Stocks and contracts in progress3 | €93k | €43k | €54k | €94k | €86k | ▼ 9.0% |
| Stocks30/36 | €93k | €43k | €54k | €94k | €86k | ▼ 9.0% |
| Amounts receivable within one year40/41 | €255k | €169k | €98k | €125k | €236k | ▲ 89.2% |
| Trade receivables40 | €252k | €161k | €95k | €123k | €234k | ▲ 90.3% |
| Other amounts receivable41 | €3k | €9k | €4k | €2k | €2k | = |
| Cash at bank and in hand54/58 | €56 | - | - | - | €11k | - |
| Deferred charges and accrued income490/1 | €504 | €5k | €4k | €3k | €2k | ▼ 32.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €354k | €221k | €160k | €226k | €337k | ▲ 49.0% |
| Equity10/15 | €21k | €22k | €10k | €22k | €23k | ▲ 4.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | €19k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Reserves13 | €2k | €3k | €3k | €3k | €3k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Legal reserve130 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €110 | €1k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | - | - | €-12k | €574 | €2k | ▲ 180% |
| Amounts payable17/49 | €334k | €199k | €150k | €204k | €314k | ▲ 53.9% |
| Amounts payable within one year42/48 | €334k | €199k | €150k | €204k | €314k | ▲ 53.9% |
| Current portion of amounts payable after more than one year42 | €2k | - | - | - | - | - |
| Financial debts43 | €25k | €29k | €32k | €24k | - | - |
| Credit institutions430/8 | €25k | €29k | €32k | €24k | - | - |
| Trade debts44 | €202k | €75k | €46k | €64k | €150k | ▲ 133% |
| Suppliers440/4 | €202k | €75k | €46k | €64k | €150k | ▲ 133% |
| Taxes, remuneration and social security45 | €26k | €16k | €3k | €23k | €39k | ▲ 68.2% |
| Taxes450/3 | €24k | €14k | €708 | €21k | €39k | ▲ 84.9% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | - | - |
| Other amounts payable47/48 | €78k | €78k | €69k | €93k | €125k | ▲ 35.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-1k | €1k | €-12k | €12k | €1k | ▼ 91.5% |
| + Depreciation and write-downs630 | €7k | €845 | €1k | €2k | €2k | ▲ 1.4% |
| Operating cash flow (approximation) | €5k | €2k | €-10k | €14k | €3k | ▼ 81.1% |
| Investment in fixed assets (approximation) | - | €667 | €-1k | €-2k | €0 | ▲ 100% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 152 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
2 acts for this company are 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, Bonheiden · 1 establishment unit since 2008
Ground area
2,186 m²
Building footprint
204 m²
Volume, LiDAR
1,559 m³
Parcel 12031C0248/00L000, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Borox
since 20082.169.942.458
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031C0248/00L000 | Flanders | 2,186 m² | 1 · 204 m² | 12.0 m · 3 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 32,204 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
Founded22-03-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
85699Other educational support services
Contact
E-mail
rboonstra@versateladsl.beBonheiden
Phone
015/640.439Bonheiden
Phone
0475/80.49.40Bonheiden
Scores and ratios are computed by Checked and are not a credit decision.