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H & C BORINGEN

Active
Private limited companyfounded 201214 years activeSchrijnwerkersstraat 4, 9160 Lokeren, BelgiumKBO/BCE: BE 0844.312.843
Summary

The computed 12-month bankruptcy probability of H & C BORINGEN is 2.8% (moderate). The 2024 annual accounts show equity of €4.2m and a net result of €752,329. Equity is growing by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 32% of 3,561 sector peers (NACE 43, fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Specialised construction activities
NACE 43130
#8 company by total assets in Lokeren, Construction sector1 site
Size
€14.2mturnover 2024
Staff
46.6 FTE
Equity
€4.2m
Profit
€752,329
Net result +88%: other schema
Financial health
52 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.8%
Structure
Holdings
2
Accounts 69 days overdue0 of 12 deeds read
Why 52- Figures for FY 2024 (filed 29-08-2025)- Liquidity: current ratio 1.06, cash €53,243, halved- 1 financial year not filed after the legal deadline; latest accounts 29 days late; 2 of the last 3 late+ Founded in 2012Show the evidence

Checked score

Score 2024
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 53% of its sector peers (NACE 43, small)
Financial strength · tick = 2023
Average
Solvency 52=
equity 27.0% of total assets
Liquidity 25-3
short-term debt 51.1% · cash 0.3%
Profitability 83+10
return on assets 4.9%
Bankruptcy probability, 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,639 companies)
Last 24 months 11-2024: 2.5% 12-2024: 2.5%● unchanged vs 11-2024 01-2025: 2.5%● unchanged vs 12-2024 02-2025: 2.5%● unchanged vs 01-2025 03-2025: 2.5%● unchanged vs 02-2025 04-2025: 2.7%▲ +0.2 percentage points vs 03-2025 05-2025: 2.9%▲ +0.2 percentage points vs 04-2025 06-2025: 3.1%▲ +0.2 percentage points vs 05-2025 07-2025: 3.2%▲ +0.1 percentage points vs 06-2025 08-2025: 4.0%▲ +0.8 percentage points vs 07-2025highest value 09-2025: 1.7%▼ -2.3 percentage points vs 08-2025 10-2025: 1.7%● unchanged vs 09-2025 11-2025: 1.7%● unchanged vs 10-2025 12-2025: 1.7%● unchanged vs 11-2025 01-2026: 1.7%● unchanged vs 12-2025 02-2026: 1.6%▼ -0.1 percentage points vs 01-2026 03-2026: 1.7%▲ +0.1 percentage points vs 02-2026 04-2026: 1.0%▼ -0.7 percentage points vs 03-2026lowest value 05-2026: 1.1%▲ +0.1 percentage points vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.2%▲ +0.1 percentage points vs 06-2026 08-2026: 1.9%▲ +0.7 percentage points vs 07-2026 09-2026: 2.2%▲ +0.3 percentage points vs 08-2026 10-2026: 2.8%▲ +0.6 percentage points vs 09-2026
Credit up to €210,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.9 in 2023; short-term debt: 51.1% and cash: 0.3% of total assets), and 73% of the assets are financed with debt.
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 43, small): better than 33% on solvency, 16% on liquidity, 78% on profitability and 83% 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

Five signals.
−lowers risk+raises risk○neutral
raises risk · Figures for FY 2024 (filed 29-08-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.06, cash €53,243, halved
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 29 days late; 2 of the last 3 late
NBB · filings
lowers risk · Founded in 2012
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 filings
Deviation from the deadline
2025
not confirmed
2024
29 days late
2023
68 days late
2022
32 days late
2021
32 days early
2020
31 days late
2019
42 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 28 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Annual accounts filedfiscal year 2023 · abbreviated…
  3. Annual accounts filedfiscal year 2022 · abbreviated…

Key points

  • Positive: Result rose in 2024different schema filed ▲ 88.1% View
  • Positive: Among the best 8% on net resultsector median €28,966 · 3,560 companies €752,329 View
  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Positive: 7 profitable years in a rowprofit 2024: €752,329 7 years View

By topic

Financials

Fiscal year
2024
Turnover
€14.2m
Profit
€752,329
Solvency
27.0%
Go to Financials

Timeline

Events
13
Since
2016
  1. 31-12-2022Highest result since 2018
  2. 31-12-2022Equity above €2m
  3. 29-06-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Specialised construction activitiesNACE 43130
Founded
07-03-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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