BORREMANS HUGO
ActiveBORREMANS HUGO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €438k and a net result of €9k. Equity remains stable across the filed fiscal years (±1.5% per year). Its solvency ranks better than 37% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70=
Solvency57▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.78 in 2024; short-term debt: 64.5% and cash: 0.5% of total assets), but 68.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
31.7%
Return on assets
0.6%
Age of the figures
9 mo
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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
27 d late
2024
35 d late
2023
6 d early
2022
24 d late
2021
30 d late
2020
26 d late
2019
26 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€438k▲ 2.0%
2024 · €429k
2018: €390k
2019: €402k
2020: €405k
2021: €410k
2022: €417k
2023: €418k
2024: €429k
2018 → 2025
Total assets
€1.38M▲ 25.6%
2024 · €1.10M
2018: €746k
2019: €839k
2020: €757k
2021: €867k
2022: €947k
2023: €1.09M
2024: €1.10M
2018 → 2025
Net result
€9k▼ 25.0%
2024 · €11k
2018: €-285
2019: €12k
2020: €3k
2021: €5k
2022: €7k
2023: €813
2024: €11k
2018 → 2025
Working capital
€489k▲ 1.9%
2024 · €479k
2018: €443k
2019: €522k
2020: €456k
2021: €464k
2022: €685k
2023: €815k
2024: €479k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€410k-€417k▲ 1.7%€418k▲ 0.2%€429k▲ 2.7%€438k▲ 2.0%
Operating result€7k-€4k▼ 43.6%€207▼ 94.9%€12k▲ 5,832%€5k▼ 56.8%
Net result€5k-€7k▲ 28.2%€813▼ 88.3%€11k▲ 1,295%€9k▼ 25.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.38M
Fixed assets
€2k▼ 24.5%
Current assets
€1.38M▲ 25.7%
Equity and liabilities €1.38M
Equity
€438k▲ 2.0%
Debt
€945k▲ 40.7%
The debt ratio rises from 61.0% to 68.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6k▼
2024 · €13k
Cash flow
€9k▼
2024 · €12k
Solvency
31.7%▼
2024 · 39.0%
Current ratio
1.55▼
2024 · 1.78
Quick ratio
0.87▲
2024 · 0.80
Debt / equity
2.16▲
2024 · 1.56
ROE
1.9%▼
2024 · 2.6%
ROA
0.6%▼
2024 · 1.0%
Interest coverage
45.15▲
2024 · 34.09
Debt
€945k▲
2024 · €671k
Debt ≤ 1 year
€892k▲
2024 · €618k
Debt > 1 year
€53k=
2024 · €53k
Income taxes
€3k▼
2024 · €5k
Staff costs
€88k▲
2024 · €86k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.10M€1.38M▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€386-
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€15€15=
Current assets29/58€1.10M€1.38M▲
Stocks and contracts in progress3€603k€604k▲
Stocks30/36€603k€604k▲
Amounts receivable within one year40/41€484k€770k▲
Trade receivables40€482k€769k▲
Other amounts receivable41€2k€2k=
Cash at bank and in hand54/58€11k€6k▼
Equity and liabilities
Total equity and liabilities10/49€1.10M€1.38M▲
Equity10/15€429k€438k▲
Contributions10/11€124k€124k=
Capital10€124k€124k=
Issued capital100€124k€124k=
Reserves13€168k€168k=
Non-distributable reserves130/1€12k€12k=
Legal reserve130€12k€12k=
Tax-exempt reserves132€24k€24k=
Distributable reserves133€132k€132k=
Profit (loss) carried forward14€138k€146k▲
Amounts payable17/49€671k€945k▲
Amounts payable after more than one year17€53k€53k=
Financial debts170/4€53k€53k=
Amounts payable within one year42/48€618k€892k▲
Financial debts43€30k-
Credit institutions430/8€30k-
Trade debts44€235k€263k▲
Suppliers440/4€235k€263k▲
Taxes, remuneration and social security45€6k€11k▲
Taxes450/3€6k€11k▲
Other amounts payable47/48€348k€617k▲
Income statement
Code20242025
Remuneration, social security and pensions62€86k€88k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€779€760▼
Other operating charges640/8€9k€7k▼
Gross operating margin9900€108k€101k▼
Operating profit (loss)9901€12k€5k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€383€134▼
Recurring financial charges65€383€134▼
Profit (loss) for the period before taxes9903€17k€11k▼
Income taxes67/77€5k€3k▼
Profit (loss) for the period9904€11k€9k▼
Profit (loss) for the period to be appropriated9905€11k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€146k▲
Profit (loss) brought forward from the previous period14P€126k€138k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Halle · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vogelpers 41500 HalleGround area
1,010 m²
Building footprint
510 m²
Volume, LiDAR
3,688 m³
Parcel 23412I0004/00P003, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vogelpers 4 6, 1500 Halle
since 19982.086.608.075
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23412I0004/00P003 | Flanders | 1,010 m² | 1 · 510 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
G. FAYEN
BE 0437.225.520
Ans · Eq €438k
ZICHT-WINDOW FASHION
BE 0839.356.836
Sint-Katelijne-Waver · Eq €447k
SOGESTIS
BE 0451.710.489
Vorst · Eq €456k
B-COAT
BE 0828.102.262
Londerzeel · Eq €467k
DISTRIPAINTS
BE 0475.560.910
Kontich · Eq €474k
Of 230 companies in sector 46833 we hold annual accounts for 143. 116 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-05-1998
Fiscal year end31-12
Activities, NACEBEL
46831Wholesale of construction materials, general range
46833Wholesale trade
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.