BORSA NOVA

Active

Private limited companyfounded 1990active for 36 yearsMechelsestraat 33, 3000 Leuven, BelgiumKBO/BCE: BE 0442.111.647

Summary

BORSA NOVA has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,730 and a net result of -€8,126. Equity is shrinking by about 9.1% per year across the filed financial years. Its solvency ranks better than 51% of 12,672 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow Report Compare

BORSA NOVAActiveChecked score 89/100

Risk analysis Report Compare

Activity

Other retail sale of new goods

NACE 47789

1 site

Size

€219,782total assets 2025

Equity: €82,730
Loss: -€8,126

Turnover not published (abbreviated format)

Financial health

89 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.2%

Structure

Parent: BORSACO bv

2025 accounts 58 days early2 deeds in the Belgian Official Gazette

Why 89raises riskSector: Retail trade (NACE 47)Loss of €8,126 (financial year 2025)lowers riskFounded in 1990Liquidity: current ratio 3.63, cash €38,039Show the evidence

Checked score

Score 2025

89 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 46% of its sector peers (NACE 47, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 63-1

equity 37.6% of total assets

Liquidity 72+5

short-term debt 8.5% · cash 17.3%

Profitability 32-45

return on assets -3.7%

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,231 companies, NACE 47, micro)

Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.3%▼ -0.1 percentage points vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025highest value 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.1%▼ -0.3 percentage points 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 12-2025lowest value 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.2%▲ +0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026

Credit of up to €7,000 on 30-day terms is acceptable

Liquidity ample (current ratio 3.63, compared with 2.88 in 2024, above the usual 1.5; short-term debt: 8.5% and cash: 17.3% of total assets), but 62.4% of the assets are financed with debt and provisions.

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 47, micro): better than 53% on solvency, 78% on liquidity, 26% on profitability and 27% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Five signals.

lowers riskraises riskneutral

Founded in 1990

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Sector: Retail trade (NACE 47)

KBO

Liquidity: current ratio 3.63, cash €38,039

NBB · annual accounts

Loss of €8,126 (financial year 2025)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

58 days early

2024

51 days early

2023

50 days early

2022

55 days early

2021

53 days early

2020

50 days early

2019

46 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 52 days before the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

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 8 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

03-06-2026 Annual accounts filedfinancial year 2025 · abbreviated…
10-06-2025 Annual accounts filedfinancial year 2024 · abbreviated…
31-12-2024 Back to profitnet €15,011

Key points

Caution: Among the weakest 19% on net resultsector median €27,747 · 12,662 companies -€8,126 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by BORSACO bv parent View

By topic

Financials

Financial year: 2025
Total assets: €219,782
Loss: -€8,126
Solvency: 37.6%

Total assets▼ 5.0%

Net result

20182025

Go to Financials

Board & ownership

Parent: BORSACO bv

Go to Board & ownership

Timeline

Events: 39
Since: 1992
Next accounts: by 31-07-2027

31-12-2024Liquidity more than doubled
11-06-2024Annual accounts filed
06-06-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Other retail sale of new goodsNACE 47789
Founded: 15-10-1990
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about BORSA NOVA

What is the company number of BORSA NOVA?: 0442.111.647. In Belgium the VAT number is the company number with BE in front: BE 0442.111.647.
Where is BORSA NOVA based?: The registered office is at Mechelsestraat 33, 3000 Leuven.Company details
What does BORSA NOVA do?: According to the KBO register, the main activity is other retail sale of new goods (NACE 47789).
What is the legal form of BORSA NOVA?: Private limited company (BV).
When was BORSA NOVA founded?: On 15-10-1990.
Is BORSA NOVA still active?: Yes, BORSA NOVA is an active enterprise in the KBO register.
How many employees does BORSA NOVA have?: On average 1.5 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
What is the turnover of BORSA NOVA?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is BORSA NOVA profitable?: In financial year 2025, BORSA NOVA made a loss of €8,126.
Where can I find the annual accounts of BORSA NOVA?: BORSA NOVA filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of BORSA NOVA due?: By 31-07-2027, for financial year 2026.Timeline