Equity
€407,770 ▼ 2.3%
BORREAS paid out €43,679 in dividends. That is 128% of the 2025 profit.
BORREAS
Lifetime
14 annual accounts with figures on one time axispeak €51,393 (2025)
€51,393▲ 39.3%
peak €475,948 (2022)
€34,059▲ 14.9%
peak €532,880 (2022)
€407,770▼ 2.3%
€21,876▼ 54.7%
Board2 names since 2021
1 directorVAN DEN BORRE Bram
Documentsfilings and deeds
22-05-202670 days before the deadline
2025micro format
Gross margin from €36,884 to €51,3931 director appointed, 1 manager resigning, 1 reappointment 18-06Dividend €43,679Debts from €48,259 to €21,876
Key points
from the 2025 annual accountsLiquidity
18.78 was 9.14 in 2024
Short-term debts fell from €48,259 to €21,876.
Position in the sector
94.9%
Higher solvency than 94% of companies in computer programming and consultancy. Sector median 60.0% · 21,206 companies.
Checked score
95
Excellent
Financially stronger than 58% of micro companies in computer programming and consultancy (NACE 62)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 25,932 companies (NACE 62, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged 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 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026highest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 18.78, cash €128,239
Equity €407,770 (94.9% of total assets)
Sector: Computer programming, consultancy and related activities (NACE 62)
Figures for financial year 2025 (filed on 22-05-2026)
Calculation
The band follows from the bankruptcy probability. 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 62, micro). It does better than 85% of them on solvency, 72% on liquidity, 38% on profitability and 37% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as BORREAS has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of BORREAS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for BORREAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 18.78 (9.14 in 2024), above the usual 1.5. Short-term debt is 5.1% and cash 29.8% of total assets. 5.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 days early
2024
12 days early
2023
30 days late
2022
115 days early
2021
67 days early
2020
1 day early
2019
13 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · 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 25 May (4 of the last 5 accounts filed within 55 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
1 director appointed, 1 manager resigning, 1 reappointment
Resignation: VAN DEN BORRE Bram (manager) · Reappointment: VAN DEN BORRE Bram (director) · Appointment: VERNAILLEN Prisca (director) · General meeting of 06-06-2025 · Gazette deed
Incorporation
published on 04-11-2011 · Gazette deed
First establishment
Geraardsbergsesteenweg 339, Ninove
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BORREAS Ninove | €429,647 | €51,393 | 94.9% | - |
| CONCEPTUEEL Evergem | €405,836 | €55,772 | 85.1% | - |
| 2 Minds Ghent | €477,534 | €47,817 | 27.4% | - |
| GunIT Consulting Aarschot | €389,121 | €48,725 | 94.1% | - |
| CONSULTANCY & CATERING SERVICES DEGREEF Boutersem | €418,218 | €57,357 | 80.1% | - |
| Loem's Consulting Leuven | €431,337 | €48,302 | 92.8% | - |
| entrust-support Geel | €420,017 | €54,413 | 0.2% | - |
These companies have the same main activity as BORREAS: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €389,000 and €478,000, founded between 2010 and 2013.
Official details
Source: KBO- Status
- Active since 21-10-2011Normal situation
- Activity
- Computer consultancy and computer facilities managementNACE 62200and 5 others
- Establishment unit
- 2.204.650.2469404 Ninove, since 21-10-2011
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €98,000estimated
- €429,647▼ 7.7%
- Filing
- Filed on 22-05-2026, 70 days before the end of the filing period
Insights on BORREAS
BORREAS files the micro format. That format states no turnover. The gross margin rose from €29,693 in 2012 to €51,393 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BORREAS
- What is the company number of BORREAS?
- The company number of BORREAS is 0840.476.591. The VAT number is the same number with BE in front: BE 0840.476.591.
- Where is BORREAS based?
- The registered office is at Geraardsbergsesteenweg 339, 9404 Ninove.Company details
- What does BORREAS do?
- According to the KBO register, the main activity is computer consultancy and computer facilities management (NACE 62200).
- What is the legal form of BORREAS?
- BORREAS is a private limited company (BV).
- When was BORREAS founded?
- BORREAS was founded on 21-10-2011.
- Is BORREAS still active?
- Yes, BORREAS is an active enterprise in the KBO register.
- What is the turnover of BORREAS?
- The turnover in financial year 2025 is ≈ €98,000. This figure is estimated from the gross margin of €51,393 and 60 comparable companies (NACE 62200). It probably lies between €88,000 and €130,000.Financials
- Is BORREAS profitable?
- In financial year 2025, BORREAS made a profit of €34,059.
- Where can I find the annual accounts of BORREAS?
- BORREAS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BORREAS due?
- BORREAS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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