Summary
DE BORNE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €10.3m and a net result of €742,859. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 55% of 2413 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
7 d early
2023
30 d late
2022
66 d late
2021
31 d late
2020
33 d 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 31 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema, statutory accounts
In the rankings
#2 company by total assets in Veurne, Finance and insurance sector#2 company by equity in Veurne, Finance and insurance sector#7 oldest company in Veurne, Finance and insurance sector
Equity
€10.3m▲ 7.8%
2024 · €9.6m
Net result
€742,859
2024 · -€845,232
Total assets
€15.3m▼ 1.6%
2024 · €15.6m
Solvency
67.2%▲ 5.9pp
2024 · 61.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.6m▲ 3.9%€1.9m▲ 16.1%€1.8m▼ 7.7%€1.9m▲ 8.4%€1.8m▼ 5.5%
Operating result€80,430▲ 692%€169,935▲ 111%-€88,386€9,675€1.0m▲ 10,297%
Net result-€524,526below the sector's middle half▼ 1,342%€131,354within the sector's middle half-€98,106below the sector's middle half-€845,232below the sector's middle half▼ 762%€742,859within the sector's middle half
Equity€10.4mwithin the sector's middle half▼ 4.8%€10.5mwithin the sector's middle half▲ 1.3%€10.4mwithin the sector's middle half▼ 0.9%€9.6mwithin the sector's middle half▼ 8.1%€10.3mwithin the sector's middle half▲ 7.8%
Total assets€14.6mwithin the sector's middle half▼ 0.8%€13.3mwithin the sector's middle half▼ 8.8%€13.0mwithin the sector's middle half▼ 2.3%€15.6mwithin the sector's middle half▲ 19.8%€15.3mwithin the sector's middle half▼ 1.6%
Debt€4.2m▲ 10.5%€2.8m▼ 33.4%€2.6m▼ 7.6%€6.0m▲ 132%€5.0m▼ 16.5%
Working capital-€367,222▲ 43.0%-€634,878▼ 72.9%-€1.0m▼ 58.9%-€2.2m▼ 116%-€1.4m▲ 37.0%
Solvency71.1%within the sector's middle half▼ 3.0pp78.9%within the sector's middle half▲ 7.8pp80.0%within the sector's middle half▲ 1.1pp61.4%within the sector's middle half▼ 18.7pp67.2%within the sector's middle half▲ 5.9pp
Staff (FTE)6.9within the sector's middle half▼ 20.7%6.1within the sector's middle half▼ 11.6%6.4within the sector's middle half▲ 4.9%5within the sector's middle half▼ 21.9%4.6within the sector's middle half▼ 8.0%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10,297% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €15.3m
Fixed assets
€12.4m ▲ 0.4%
Current assets
€3.0m ▼ 9.2%
Equity and liabilities €15.3m
Equity
€10.3m ▲ 7.8%
Debt
€5.0m ▼ 16.5%
Debt's share of the balance-sheet total falls from 38.6% to 32.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
7.2%▲
2024 · -8.8%
ROA
4.8%▲
2024 · -5.4%
Debt ≤ 1 year
€4.3m▼
2024 · €5.4m
Debt > 1 year
€686,511▲
2024 · €584,883
Income taxes
€232,829▲
2024 · €2,028
Staff costs
€488,745▼
2024 · €491,857
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €2.0m | €2.3m | €2.0m | €2.2m | €3.2m | ▲ 46.4% |
| Turnover70 | €1.6m | €1.9m | €1.8m | €1.9m | €1.8m | ▼ 5.5% |
| Other operating income74 | €321,872 | €333,058 | €175,893 | €289,332 | €1.4m | ▲ 390% |
| Non-recurring operating income76A | €2,613 | €22,619 | €25,976 | €0 | - | - |
| Operating charges60/66A | €1.9m | €2.1m | €2.1m | €2.2m | €2.2m | ▲ 1.2% |
| Goods for resale, raw materials and consumables60 | - | €32 | €101 | €0 | - | - |
| Purchases600/8 | - | €32 | €101 | €0 | - | - |
| Services and other goods61 | €989,468 | €1.3m | €1.1m | €1.3m | €1.4m | ▲ 3.0% |
| Remuneration, social security and pensions62 | €648,735 | €590,664 | €713,662 | €491,857 | €488,745 | ▼ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €94,196 | €175,534 | €197,190 | €255,086 | €255,069 | = |
| Other operating charges640/8 | €159,193 | €52,044 | €82,974 | €131,471 | €121,769 | ▼ 7.4% |
| Non-recurring operating charges66A | €1,077 | €7,737 | €1,313 | €95 | €0 | ▼ 100% |
| Operating profit (loss)9901 | €80,430 | €169,935 | -€88,386 | €9,675 | €1.0m | ▲ 10,297% |
| Financial income75/76B | €8,427 | €59,964 | €20,315 | €239,640 | €2,400 | ▼ 99.0% |
| Recurring financial income75 | €8,427 | €15,266 | €20,315 | €8,171 | €2,400 | ▼ 70.6% |
| Income from financial fixed assets750 | - | €14,594 | €20,315 | €8,112 | €0 | ▼ 100% |
| Income from current assets751 | €6,583 | - | - | - | - | - |
| Other financial income752/9 | €1,844 | €672 | - | €59 | €2,400 | ▲ 3,968% |
| Non-recurring financial income76B | - | €44,698 | - | €231,469 | €0 | ▼ 100% |
| Financial charges65/66B | €574,966 | €58,393 | €29,540 | €1.1m | €32,659 | ▼ 97.0% |
| Recurring financial charges65 | €48,752 | €30,379 | €29,540 | €109,514 | €32,659 | ▼ 70.2% |
| Debt charges650 | €46,077 | €28,190 | €29,540 | €107,264 | €30,938 | ▼ 71.2% |
| Other financial charges652/9 | €2,675 | €2,189 | €0 | €2,250 | €1,721 | ▼ 23.5% |
| Non-recurring financial charges66B | €526,214 | €28,014 | - | €983,005 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€486,109 | €171,506 | -€97,611 | -€843,204 | €975,688 | ▲ 216% |
| Income taxes67/77 | €38,417 | €40,152 | €495 | €2,028 | €232,829 | ▲ 11,381% |
| Taxes670/3 | €38,417 | €40,152 | €2,704 | €2,028 | €232,829 | ▲ 11,381% |
| Tax adjustments and reversals of tax provisions77 | - | - | €2,209 | - | - | - |
| Profit (loss) for the period9904 | -€524,526 | €131,354 | -€98,106 | -€845,232 | €742,859 | ▲ 188% |
| Transfer to tax-exempt reserves689 | - | €76,438 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€524,526 | €54,916 | -€98,106 | -€845,232 | €742,859 | ▲ 188% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.6m | €13.3m | €13.0m | €15.6m | €15.3m | ▼ 1.6% |
| Fixed assets21/28 | €13.7m | €12.2m | €12.2m | €12.3m | €12.4m | ▲ 0.4% |
| Intangible fixed assets21 | €608,269 | €719,461 | €824,201 | €574,512 | €350,821 | ▼ 38.9% |
| Tangible fixed assets22/27 | €13,286 | €7,095 | €10,634 | €10,422 | €58,639 | ▲ 463% |
| Furniture and vehicles24 | €13,286 | €7,095 | €10,634 | €10,422 | €58,639 | ▲ 463% |
| Financial fixed assets28 | €13.0m | €11.5m | €11.4m | €11.8m | €12.0m | ▲ 1.9% |
| Affiliated companies280/1 | €13.0m | €11.5m | €11.4m | €11.8m | €12.0m | ▲ 1.9% |
| Participating interests280 | €11.9m | €10.2m | €11.3m | €11.7m | €11.9m | ▲ 1.9% |
| Amounts receivable281 | €1.1m | €1.3m | €76,761 | €76,761 | €76,761 | = |
| Current assets29/58 | €950,820 | €1.1m | €776,799 | €3.3m | €3.0m | ▼ 9.2% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €715,877 | €1.0m | €744,859 | €707,032 | €2.6m | ▲ 262% |
| Trade receivables40 | €630,877 | €814,254 | €535,059 | €462,232 | €1.5m | ▲ 221% |
| Other amounts receivable41 | €85,000 | €200,000 | €209,800 | €244,800 | €1.1m | ▲ 339% |
| Cash at bank and in hand54/58 | €193,837 | €98,205 | €23,940 | €2.5m | €376,384 | ▼ 85.1% |
| Deferred charges and accrued income490/1 | €41,106 | €4,500 | €8,000 | €20,888 | €24,290 | ▲ 16.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.6m | €13.3m | €13.0m | €15.6m | €15.3m | ▼ 1.6% |
| Equity10/15 | €10.4m | €10.5m | €10.4m | €9.6m | €10.3m | ▲ 7.8% |
| Contributions10/11 | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Capital10 | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Issued capital100 | €6.0m | €6.0m | €6.0m | €6.0m | €6.0m | = |
| Reserves13 | €5.0m | €5.0m | €5.0m | €5.0m | €5.0m | = |
| Non-distributable reserves130/1 | €286,119 | €286,119 | €286,119 | €286,119 | €286,119 | = |
| Legal reserve130 | €286,119 | €286,119 | €286,119 | €286,119 | €286,119 | = |
| Tax-exempt reserves132 | €39,120 | €115,559 | €115,559 | €115,559 | €115,559 | = |
| Distributable reserves133 | €4.6m | €4.6m | €4.6m | €4.6m | €4.6m | = |
| Profit (loss) carried forward14 | -€557,591 | -€502,675 | -€600,780 | -€1.4m | -€703,153 | ▲ 51.4% |
| Amounts payable17/49 | €4.2m | €2.8m | €2.6m | €6.0m | €5.0m | ▼ 16.5% |
| Amounts payable after more than one year17 | €2.9m | €1.1m | €815,157 | €584,883 | €686,511 | ▲ 17.4% |
| Financial debts170/4 | €1.3m | €1.1m | €815,157 | €584,883 | €686,511 | ▲ 17.4% |
| Credit institutions173 | €1.3m | €1.1m | €815,157 | €584,883 | €686,511 | ▲ 17.4% |
| Other amounts payable178/9 | €1.6m | €0 | €0 | - | - | - |
| Amounts payable within one year42/48 | €1.3m | €1.8m | €1.8m | €5.4m | €4.3m | ▼ 20.3% |
| Current portion of amounts payable after more than one year42 | €244,893 | €246,145 | €247,403 | €230,274 | €276,033 | ▲ 19.9% |
| Financial debts43 | €28,400 | €18,320 | - | €24,981 | €24,981 | = |
| Credit institutions430/8 | €28,400 | €18,320 | - | €24,981 | €24,981 | = |
| Trade debts44 | €421,663 | €308,906 | €594,129 | €514,871 | €329,045 | ▼ 36.1% |
| Suppliers440/4 | €421,663 | €308,906 | €594,129 | €514,871 | €329,045 | ▼ 36.1% |
| Taxes, remuneration and social security45 | €173,086 | €228,466 | €133,432 | €120,701 | €323,566 | ▲ 168% |
| Taxes450/3 | €91,242 | €153,655 | €50,235 | €73,367 | €277,240 | ▲ 278% |
| Remuneration and social security454/9 | €81,844 | €74,811 | €83,197 | €47,334 | €46,325 | ▼ 2.1% |
| Other amounts payable47/48 | €450,000 | €950,000 | €810,500 | €4.6m | €3.4m | ▼ 25.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | €6,958 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€524,526 | €131,354 | -€98,106 | -€845,232 | €742,859 | ▲ 188% |
| + Depreciation and write-downs630 | €94,196 | €175,534 | €197,190 | €255,086 | €255,069 | = |
| Operating cash flow (approximation) | -€430,330 | €306,888 | €99,084 | -€590,146 | €997,928 | ▲ 269% |
| Investment in fixed assets (approximation) | - | €1.3m | -€225,468 | -€353,649 | -€299,595 | ▲ 15.3% |
| Change in cash | - | -€95,632 | -€74,265 | €2.5m | -€2.2m | ▼ 186% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
14-07
State Gazette act
Reappointments: Michel VANDEN BORRE, Marie-France CRAS and 2 othersPermanent representatives: Peter HOSTENS and Laurent VANDEN BORRE8 facts ▸
State Gazette act
Reappointments: Michel VANDEN BORRE, Marie-France CRAS and 2 others
Permanent representatives: Peter HOSTENS and Laurent VANDEN BORRE8 facts ▸
- General meeting, 13-06-2026
- Board meeting, 13-06-2026
- Director reappointment, Michel VANDEN BORRE (bestuurder,gedelegeerd bestuurder en voorzitter van de raad van bestuur)
- Director reappointment, Marie-France CRAS (director)
- Director reappointment, KATSIMA (director)
- Permanent representative, Peter HOSTENS (permanent representative)
- Director reappointment, BOBEIR (director)
- Permanent representative, Laurent VANDEN BORRE (permanent representative)
2025
31-12
Financial
Back to profitnet €742,859
Net result €742,859 after 2 loss-making years.
31-12
Financial
Equity above €10mEq €10.3m ▲7.8%
Equity rises from €9.6m to €10.3m.
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€845,232
Net result drops to -€845,232, the lowest in the series; recovery starts the following year.
17-12
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated · 66 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 66 days late
2022
31-12
Financial
Back to profitnet €131,354
Net result €131,354 after 3 loss-making years.
Show earlier events
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated · 33 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 21 acts read
About the unread acts
Of the 21 Belgian State Gazette acts we know for this company, 1 has been read. The other 20 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26090454). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 4
BOBEIR
CurrentDirector · since 13-06-2026 · Legal entity · perm. rep.: Laurent VANDEN BORRE
KATSIMA
CurrentDirector · since 13-06-2026 · Private limited company · perm. rep.: Peter HOSTENS
Marie-France CRAS
CurrentDirector · since 13-06-2026
Michel VANDEN BORRE
CurrentBestuurder,gedelegeerd bestuurder en voorzitter van de raad van bestuur · since 13-06-2026
Day-to-day management 1
Michel VANDEN BORRE
CurrentBestuurder,gedelegeerd bestuurder en voorzitter van de raad van bestuur · since 13-06-2026
Permanent representatives 2
Laurent VANDEN BORRE
CurrentPermanent representative · since 13-06-2026 · for BOBEIR
Peter HOSTENS
CurrentPermanent representative · since 13-06-2026 · for KATSIMA
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
20 of this company's 21 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Veurne · 2 establishment units since 1997
Ground area
3.4 ha
Building footprint
8,362 m²
Volume, LiDAR
53,094 m³
3 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
Lindestraat 38, 9700 Oudenaarde
since 19972.080.853.106
Legen Heirweg 2, 9890 Gavere
since 20252.369.005.264
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38024A0134/00K000 | Flanders | 1.7 ha | 1 · 5,501 m² | 7.5 m · 2 fl. |
| 45508B0072/00T000 | Flanders | 1.1 ha | 1 · 9 m² | 4.6 m · 1 fl. |
| 44003A0226/00E000 | Flanders | 6,044 m² | 1 · 2,852 m² | 8.9 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.
Mandate history
4 people since 2026, 4 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| BOBEIR |
|
| KATSIMA |
|
| Marie-France CRAS |
|
| Michel VANDEN BORRE |
|
Structure & network
Owners and holdings
6 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 6
-
100%
-
100%
- LS ImmosubsidiarySourceown accounts 2025100%
-
99.96%
-
97.67%
-
89.99%
According to the 2025 annual accounts of DE BORNE and those 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
4 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 7,515 EUR awarded · 7,515 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 659 EUR | 659 EUR |
| 2024 | 1 | 871 EUR | 871 EUR |
| 2023 | 1 | 1,308 EUR | 1,308 EUR |
| 2022 | 1 | 4,677 EUR | 4,677 EUR |
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Identification & contact
Identification
Legal formPublic limited company
Founded13-02-1997
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70100Activities of head offices
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460030913
Also
9925:BE0460030913
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.