LE BORGES

Active

Private limited companyfounded 197848 yrs activeRue de Marche 17, 6600 Bastogne, BelgiumKBO/BCE: BE 0418.059.112

LE BORGES has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 63 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2025

81 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability21▼-4

Solvency100=

Growth78=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

short-term debt: 0% and cash: 93.1% of total assets, and 0% of the assets are financed with debt.

How do we compute the score and the probability?

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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 91

Relative position

BE, all sectors

reference

Sector 91

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year €-6k

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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

26 d late

2024

33 d late

2023

29 d late

2022

29 d late

2021

31 d late

2020

39 d late

2019

38 d early

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€94k▼ 6.3%

2024 · €101k

2018: €-46k 2019: €-45k 2020: €9k 2021: €783 2022: €112k 2023: €106k 2024: €101k

2018 → 2025

Total assets

€94k▼ 6.5%

2024 · €101k

2018: €14k 2019: €67k 2020: €73k 2021: €48k 2022: €139k 2023: €130k 2024: €101k

2018 → 2025

Net result

€-6k▼ 22.5%

2024 · €-5k

2018: €-10k 2019: €1k 2020: €55k 2021: €-9k 2022: €112k 2023: €-6k 2024: €-5k

2018 → 2025

Working capital

€89k▼ 6.8%

2024 · €96k

2018: €-60k 2019: €-59k 2020: €-4k 2021: €-12k 2022: €107k 2023: €101k 2024: €96k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€783-€112k▲ 14,256%€106k▼ 5.8%€101k▼ 4.9%€94k▼ 6.3%

Operating result€-8k-€135k€-6k€-5k▲ 16.8%€-6k▼ 23.8%

Net result€-9k-€112k€-6k€-5k▲ 19.7%€-6k▼ 22.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €6k in 2025 against €5k in 2024; the loss grows.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €94k

94.4%

Fixed assets €5k=

Current assets €89k▼ 6.8%

Equity and liabilities €94k

100.0%

Equity €94k▼ 6.3%

Debt €40▼ 80.0%

The debt ratio falls from 0.2% to 0.0%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

Solvency

100.0%▲

2024 · 99.8%

Debt / equity

0.00▼

2024 · 0.00

ROE

-6.7%▼

2024 · -5.2%

ROA

-6.7%▼

2024 · -5.1%

Debt

€40▼

2024 · €200

Debt ≤ 1 year

€40▲

2024 · €38

A ratio outside any meaningful range has been withheld (balance sheet total €94k, equity €94k).

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€101k€94k▼

Fixed assets21/28€5k€5k=

Tangible fixed assets22/27€5k€5k=

Land and buildings22€5k€5k=

Financial fixed assets28€67€67=

Current assets29/58€96k€89k▼

Amounts receivable within one year40/41€1k€1k▼

Other amounts receivable41€1k€1k▼

Cash at bank and in hand54/58€94k€88k▼

Equity and liabilities

Total equity and liabilities10/49€101k€94k▼

Equity10/15€101k€94k▼

Contributions10/11€31k€31k=

Reserves13€93k€93k=

Tax-exempt reserves132€80k€80k=

Distributable reserves133€13k€13k=

Profit (loss) carried forward14€-23k€-29k▼

Amounts payable17/49€200€40▼

Amounts payable within one year42/48€38€40▲

Trade debts44€38€40▲

Suppliers440/4€38€40▲

Accrued charges and deferred income492/3€162-

Income statement Code20242025

Other operating charges640/8€2k€2k▲

Gross operating margin9900€-3k€-4k▼

Operating profit (loss)9901€-5k€-6k▼

Financial charges65/66B€379€400▲

Recurring financial charges65€379€400▲

Profit (loss) for the period before taxes9903€-5k€-6k▼

Profit (loss) for the period9904€-5k€-6k▼

Profit (loss) for the period to be appropriated9905€-5k€-6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-23k€-29k▼

Profit (loss) brought forward from the previous period14P€-18k€-23k▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

26-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 26 days late

2025

02-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 33 days late

2024

31-12

Financial Liquidity times 488current ratio 2517.50

Current ratio from 5.16 to 2517.50; short-term debt falls from €24k to €38.

29-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 29 days late

2023

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

31-12

Financial Back to profitnet €112k

Net result €112k after one loss-making year.

31-12

Financial Liquidity times 7current ratio 5.04

Current ratio from 0.74 to 5.04; short-term debt falls from €47k to €27k.

31-12

Financial Equity above €100kEq €112k ▲14256%

Equity rises from €783 to €112k.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

08-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 39 days late

2020

23-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Back to profitnet €1k

Net result €1k after one loss-making year.

26-06

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 31 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 30 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, Bastogne · 1 establishment unit since 1998

establishment The establishment unit on the map

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.

Rue de Marche 176600 Bastogne

Ground area

478 m²

Building footprint

140 m²

Volume, LiDAR

1,345 m³

2 parcels, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

MUSEUM AU PAYS D'ARDENNE

Rue de Neufchâteau 20, 6600 BastogneNACE 63303

since 19982.014.687.525

2 parcels

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
82003E1114/02R000	Wallonia	309 m²	1 · 88 m²	10.0 m · 3 fl.
82003E1307/00H002	Wallonia	169 m²	1 · 51 m²	12.9 m · 4 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

Euro Space Center Training

SOCIETE ARCHEOLOGIQUE DE NAMUR,SOCIETE ROYALE

BE 0410.324.351

Namur · Eq €86k

Of 275 companies in sector 91220 we hold annual accounts for 107. 65 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded15-03-1978

Fiscal year end31-12

Activities, NACEBEL

91030Libraries, archives, museums and other cultural activities

91220Libraries, archives, museums and other cultural activities

92520

Sources

Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers

Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.