Borremans
ActiveSummary
Borremans has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €599,583 and a net result of €9,076. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 9046 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability49▲+7
Solvency38▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.08 in 2023; short-term debt: 51.8% and cash: 7.6% of total assets), and 86.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9046 sector peers (2024).
NBB · sector comparisonPosition among 9046 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
77 d late
2022
68 d late
2021
3 d late
2020
31 d early
2019
45 d early
← 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 26 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#9 fastest grower in Puurs-Sint-Amands
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€6.9m
EBIT margin
0.0%
Net result
€9,076▼ 13.4%
2023 · €10,484
Working capital
€77,568▼ 43.6%
2023 · €137,453
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€6.9m
Operating result-€81,977▼ 1,136%-€36,503▲ 55.5%€43,522€1,346▼ 96.9%€17,371▲ 1,190%
Net result-€6,602▲ 13.4%€2,504€6,670▲ 166%€10,484▲ 57.2%€9,076▼ 13.4%
EBIT margin0.0%
Equity€427,295▼ 16.5%€675,725▲ 58.1%€651,655▼ 3.6%€614,507▼ 5.7%€599,583▼ 2.4%
Total assets€628,311▼ 14.0%€3.5m▲ 458%€3.5m▼ 1.5%€3.6m▲ 3.3%€4.6m▲ 27.7%
Debt€201,016▼ 8.0%€2.8m▲ 1,308%€2.8m▼ 1.1%€3.0m▲ 5.4%€4.0m▲ 34.0%
Working capital€201,316▼ 34.0%€325,178▲ 61.5%€125,709▼ 61.3%€137,453▲ 9.3%€77,568▼ 43.6%
Staff (FTE)5▼ 12.3%17.5▲ 250%23.4▲ 33.7%23.6▲ 0.9%23.6=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 1,190% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.6m
Fixed assets
€2.1m ▲ 24.6%
Current assets
€2.4m ▲ 30.6%
Equity and liabilities €4.6m
Equity
€599,583 ▼ 2.4%
Debt
€4.0m ▲ 34.0%
Debt's share of the balance-sheet total rises from 82.8% to 86.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€242,031▲
2023 · €197,470
Cash flow
€233,735▲
2023 · €206,607
Current ratio
1.03▼
2023 · 1.08
Quick ratio
0.92▼
2023 · 0.95
Debt to equity
6.59▲
2023 · 4.80
ROE
1.5%▼
2023 · 1.7%
ROA
0.2%▼
2023 · 0.3%
Interest coverage
3.57▲
2023 · 3.42
Debt ≤ 1 year
€2.4m▲
2023 · €1.7m
Debt > 1 year
€1.6m▲
2023 · €1.2m
Income taxes
€4,683▲
2023 · €553
Staff costs
€959,065▲
2023 · €904,857
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,653 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €6.9m | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €5.8m | - | - |
| Remuneration, social security and pensions62 | - | €873,721 | €911,434 | €904,857 | €959,065 | ▲ 6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,004 | €150,269 | €190,571 | €196,124 | €224,659 | ▲ 14.5% |
| Other operating charges640/8 | - | €34,761 | €27,871 | €15,444 | €24,798 | ▲ 60.6% |
| Non-recurring operating charges66A | - | - | - | €8,585 | - | - |
| Gross operating margin9900 | €198,046 | €1.0m | €1.2m | €1.1m | €1.2m | ▲ 8.8% |
| Operating profit (loss)9901 | -€81,977 | -€36,503 | €43,522 | €1,346 | €17,371 | ▲ 1,190% |
| Financial income75/76B | - | €82,327 | €39,975 | €67,365 | €64,184 | ▼ 4.7% |
| Recurring financial income75 | €78,188 | €82,327 | €39,975 | €67,365 | €64,184 | ▼ 4.7% |
| Financial charges65/66B | - | €43,321 | €76,392 | €57,674 | €67,796 | ▲ 17.5% |
| Recurring financial charges65 | €2,814 | €43,321 | €76,392 | €57,674 | €67,796 | ▲ 17.5% |
| Profit (loss) for the period before taxes9903 | -€6,602 | €2,504 | €7,105 | €11,037 | €13,759 | ▲ 24.7% |
| Income taxes67/77 | - | - | €435 | €553 | €4,683 | ▲ 746% |
| Profit (loss) for the period9904 | -€6,602 | €2,504 | €6,670 | €10,484 | €9,076 | ▼ 13.4% |
| Profit (loss) for the period to be appropriated9905 | -€6,602 | €2,504 | €6,670 | €10,484 | €9,076 | ▼ 13.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €628,311 | €3.5m | €3.5m | €3.6m | €4.6m | ▲ 27.7% |
| Fixed assets21/28 | €240,742 | €1.9m | €1.7m | €1.7m | €2.1m | ▲ 24.6% |
| Tangible fixed assets22/27 | €240,742 | €1.9m | €1.7m | €1.7m | €2.1m | ▲ 24.2% |
| Land and buildings22 | - | €891,088 | €846,811 | €708,919 | €672,553 | ▼ 5.1% |
| Plant, machinery and equipment23 | - | €884,192 | €775,765 | €907,740 | €1.3m | ▲ 46.0% |
| Furniture and vehicles24 | - | €92,854 | €74,896 | €48,455 | €50,926 | ▲ 5.1% |
| Leasing and similar rights25 | - | €42,266 | €32,678 | €23,091 | €52,181 | ▲ 126% |
| Other tangible fixed assets26 | - | - | - | €9,611 | €7,267 | ▼ 24.4% |
| Financial fixed assets28 | - | - | - | - | €7,550 | - |
| Current assets29/58 | €387,569 | €1.6m | €1.7m | €1.9m | €2.4m | ▲ 30.6% |
| Stocks and contracts in progress3 | €72,818 | €194,761 | €231,365 | €220,849 | €270,863 | ▲ 22.6% |
| Stocks30/36 | - | €194,761 | €231,365 | €220,849 | €270,863 | ▲ 22.6% |
| Amounts receivable within one year40/41 | €293,270 | €1.3m | €1.2m | €1.4m | €1.8m | ▲ 32.2% |
| Trade receivables40 | - | €669,121 | €1.0m | €570,904 | €882,040 | ▲ 54.5% |
| Other amounts receivable41 | - | €611,718 | €177,075 | €790,198 | €917,664 | ▲ 16.1% |
| Current investments50/53 | - | - | - | - | €498 | - |
| Cash at bank and in hand54/58 | €20,452 | €119,602 | €279,450 | €273,042 | €345,950 | ▲ 26.7% |
| Deferred charges and accrued income490/1 | - | - | - | €12,117 | €20,526 | ▲ 69.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €628,311 | €3.5m | €3.5m | €3.6m | €4.6m | ▲ 27.7% |
| Equity10/15 | €427,295 | €675,725 | €651,655 | €614,507 | €599,583 | ▼ 2.4% |
| Contributions10/11 | €265,000 | €265,000 | €265,000 | €265,000 | €265,000 | = |
| Capital10 | - | €265,000 | €265,000 | €265,000 | €265,000 | = |
| Issued capital100 | - | €265,000 | €265,000 | €265,000 | €265,000 | = |
| Reserves13 | €162,295 | €164,799 | €171,469 | €181,952 | €191,028 | ▲ 5.0% |
| Non-distributable reserves130/1 | - | €26,500 | €26,500 | €26,500 | €26,500 | = |
| Legal reserve130 | - | €26,500 | €26,500 | €26,500 | €26,500 | = |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €119,549 | €126,219 | €136,702 | €145,778 | ▲ 6.6% |
| Profit (loss) carried forward14 | €113,614 | - | - | - | - | - |
| Investment grants15 | - | €245,926 | €215,186 | €167,554 | €143,554 | ▼ 14.3% |
| Amounts payable17/49 | €201,016 | €2.8m | €2.8m | €3.0m | €4.0m | ▲ 34.0% |
| Amounts payable after more than one year17 | €14,763 | €1.6m | €1.2m | €1.2m | €1.6m | ▲ 30.6% |
| Financial debts170/4 | - | €1.3m | €1.2m | €1.2m | €1.6m | ▲ 30.6% |
| Other amounts payable178/9 | - | €254,887 | - | - | - | - |
| Amounts payable within one year42/48 | €186,253 | €1.3m | €1.6m | €1.7m | €2.4m | ▲ 36.4% |
| Current portion of amounts payable after more than one year42 | - | €105,354 | €135,522 | €136,185 | €196,052 | ▲ 44.0% |
| Financial debts43 | - | €475,000 | €736,129 | €300,000 | €300,000 | = |
| Credit institutions430/8 | - | €475,000 | €736,129 | €300,000 | €300,000 | = |
| Trade debts44 | €140,455 | €578,582 | €654,485 | €755,045 | €1.3m | ▲ 71.0% |
| Suppliers440/4 | - | €578,582 | €654,485 | €755,045 | €1.3m | ▲ 71.0% |
| Taxes, remuneration and social security45 | - | €111,088 | €69,524 | €62,475 | €118,342 | ▲ 89.4% |
| Taxes450/3 | - | €14,935 | €20,623 | €21,681 | €34,686 | ▲ 60.0% |
| Remuneration and social security454/9 | - | €96,153 | €48,901 | €40,794 | €83,656 | ▲ 105% |
| Other amounts payable47/48 | - | - | - | €475,951 | €454,568 | ▼ 4.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | €124 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,602 | €2,504 | €6,670 | €10,484 | €9,076 | ▼ 13.4% |
| + Depreciation and write-downs630 | €61,004 | €150,269 | €190,571 | €196,124 | €224,659 | ▲ 14.5% |
| Operating cash flow (approximation) | €54,402 | €152,773 | €197,242 | €206,607 | €233,735 | ▲ 13.1% |
| Investment in fixed assets (approximation) | - | -€1.8m | -€10,324 | -€163,788 | -€642,895 | ▼ 293% |
| Change in cash | - | €99,150 | €159,849 | -€6,409 | €72,908 | ▲ 1,238% |
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
2026
22-06
State Gazette act
Merger · Accounting effect
Capital · Balance sheet date
22-06
State Gazette act
Merger · Accounting effect
Capital · Corporate purpose
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 82 days late
2024
16-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 77 days late
2023
31-12
Financial
Highest result since 2019net €10,484 ▲57.2%
Net result €10,484, the highest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 68 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
31-12
Financial
Back to profitnet €2,504
Net result €2,504 after 2 loss-making years.
31-12
Financial
Equity above €500,000Eq €675,725 ▲58.1%
Equity rises from €427,295 to €675,725.
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
03-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
14-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Puurs-Sint-Amands · 3 establishment units since 1994
Ground area
1.3 ha
Building footprint
2,318 m²
Volume, LiDAR
10,085 m³
3 parcels, Flanders · tallest building 26.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
3 establishment units
Hemelrijken 6, 2890 Puurs-Sint-Amands
since 19942.065.307.667
Viswinkel Borremans
since 20242.360.810.348
Viswinkel Borremans Hamme
since 20242.365.682.421
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452B1343/00E000 | Flanders | 7,403 m² | 1 · 1,094 m² | 26.2 m |
| 12034A0441/00A000 | Flanders | 4,474 m² | 1 · 988 m² | 5.5 m · 2 fl. |
| 12012C0508/00K000 | Flanders | 1,058 m² | 1 · 235 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- B2Holding
- Borremans
Highest known parent: B2Holding. The sources do not say who stands above it.
Owners 1
- B2HoldingparentSourceaccounts B2Holding 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 33,603 EUR awarded · 4,360 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,915 EUR | 3,260 EUR |
| 2024 | 2 | 29,688 EUR | 1,100 EUR |
Recognitions · licences · registrations
Food safety, FASFC
3 sitesPuurs-Sint-Amands2.065.307.667
Hamme (O.-Vl.)2.365.682.421
Mechelen2.360.810.348
Legal Entity Identifier
984500136CE651U5E706
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Of 231 companies in sector 46323 we hold annual accounts for 155. 113 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46323Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451511244
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.