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Borrel

Active
Private limited companyfounded 2019active for 7 yearsKunstdal 2, 9900 Eeklo, BelgiumKBO/BCE: BE 0732.614.274
Summary

The computed 12-month bankruptcy probability of Borrel is 1.9% (moderate). The 2025 annual accounts show negative equity (-€66,236) and a net result of -€33,959. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 374 sector peers (NACE 11, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of beer
NACE 11050
1 site
Size
€370,844total assets 2025
Equity
-€66,236
Loss
-€33,959
Turnover not published (micro format)
Financial health
54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.9%
Structure
Accounts 51 days early0 of 5 deeds read
Why 54raises riskNegative equity -€66,2361 change of registered office in 24 monthsLoss of €33,959, the second in a row (financial year 2025)lowers riskSector: Manufacture of beverages (NACE 11)Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 35% of its sector peers (NACE 11, micro)
Financial strength · tick = 2024
Weak
Solvency 7-8
equity -17.9% of total assets
Liquidity 56+2
short-term debt 7.2% · cash 5.0%
Profitability 7=
return on assets -9.2%
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (546 companies, NACE 11, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.5%▼ -0.1 percentage points vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024lowest value 02-2025: 1.0%▲ +0.5 percentage points vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.0%● unchanged vs 03-2025 05-2025: 1.1%▲ +0.1 percentage points vs 04-2025 06-2025: 1.1%● unchanged vs 05-2025 07-2025: 1.2%▲ +0.1 percentage points vs 06-2025 08-2025: 1.7%▲ +0.5 percentage points vs 07-2025 09-2025: 1.8%▲ +0.1 percentage points vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 2.1%▲ +0.3 percentage points vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025 02-2026: 2.1%● unchanged vs 01-2026 03-2026: 2.1%● unchanged vs 02-2026 04-2026: 2.2%▲ +0.1 percentage points vs 03-2026highest value 05-2026: 2.0%▼ -0.2 percentage points vs 04-2026 06-2026: 2.0%● unchanged vs 05-2026 07-2026: 1.9%▼ -0.1 percentage points vs 06-2026 08-2026: 1.9%● unchanged vs 07-2026 09-2026: 1.9%● unchanged vs 08-2026 10-2026: 1.9%● unchanged vs 09-2026
No credit on open account
Liquidity ample (current ratio 9.13, compared with 19.34 in 2024; short-term debt: 7.2% and cash: 5% of total assets), but equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 11, micro): better than 28% on solvency, 73% on liquidity, 32% on profitability and 10% on growth.

The bankruptcy probability was computed on 08-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€66,236
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Loss of €33,959, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Sector: Manufacture of beverages (NACE 11)
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
202122232425
2020 to 2025 · latest year -€66,236
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 10-06-2026, 51 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
51 days early
2024
11 days late
2023
27 days late
2022
2 days late
2021
5 days late
2020
13 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 1 day after the deadline; the sector median (NACE 11) for financial year 2024 is 2 days before the deadline, and 43% 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 5 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Liquidity more than doublescurrent ratio 19.34

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€66,236 View
  • Caution: Among the weakest 13% on net resultsector median -€1,706 · 374 companies -€33,959 View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€33,959 View

By topic

Financials

Financial year
2025
Total assets
€370,844
Loss
-€33,959
Solvency
-17.9%
Total assets▲ 9.2%
Net result
20202025
Go to Financials

Timeline

Events
9
Since
2021
Next accounts
by 31-07-2027
  1. 27-08-2024Annual accounts filed
  2. 31-12-2023Back to profit
  3. 02-08-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of beerNACE 11050
Founded
14-08-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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