MENUISERIE BORREMANS

Active

Private limited company (pre-2019)founded 201610 yrs activeArtemislaan 12, 1140 Evere, BelgiumKBO/BCE: BE 0648.824.288

The computed 12-month bankruptcy probability of MENUISERIE BORREMANS is 2.8% (moderate). The 2024 annual accounts show equity of €8k and a net result of €-6k. Equity is growing by ~11.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 36378 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

0 / 100

Critical▼ -41 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-7

Solvency17▼-4

Growth52=

Stability100

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.83 against 0.92 in 2023), and 85.6% 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

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

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

KBO · registered office

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

14.4%

Return on assets

-10.9%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 36378 sector peers (2024).

NBB · sector comparison

Position among 36378 sector peers

Solvency

better than 17%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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 · 9 filings

Deviation from the deadline

2025

not confirmed

2024

12 d late

2023

2 d late

2022

24 d early

2021

34 d early

2020

36 d early

2019

13 d late

← before the deadline after the 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 2024, micro schema

Turnover

€31k

EBIT margin

-19.7%

Net result

€-6k

2023 · €200

2018: €627 2019: €4k 2020: €718 2021: €2k 2022: €3k 2023: €200

2018 → 2024

Working capital

€-8k▼ 53.8%

2023 · €-5k

2018: €9k 2019: €9k 2020: €13k 2021: €14k 2022: €20k 2023: €-5k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€31k

Equity€10k-€12k▲ 14.7%€14k▲ 22.4%€15k▲ 1.4%€8k▼ 43.0%

Operating result€773-€2k▲ 137%€3k▲ 90.0%€652▼ 81.3%€-6k

Net result€718-€2k▲ 111%€3k▲ 74.7%€200▼ 92.4%€-6k

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

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €6k after €652 in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €58k

34.5%

65.5%

Fixed assets €20k▼ 19.4%

Current assets €38k▼ 34.9%

Equity and liabilities €58k

14.4%

85.6%

Equity €8k▼ 43.0%

Debt €50k▼ 27.6%

The debt ratio rises from 82.3% to 85.6%: equity shrinks faster than debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-720▼

2023 · €1k

Cash flow

€-882▼

2023 · €963

Solvency

14.4%▼

2023 · 17.7%

Current ratio

0.83▼

2023 · 0.92

Quick ratio

0.83▼

2023 · 0.92

Debt / equity

5.93▲

2023 · 4.66

ROE

-75.6%▼

2023 · 1.4%

ROA

-10.9%▼

2023 · 0.2%

Interest coverage

-3.10▼

2023 · 4.21

Debt

€50k▼

2023 · €68k

Debt ≤ 1 year

€46k▼

2023 · €63k

Income taxes

€-70▼

2023 · €118

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€83k€58k▼

Fixed assets21/28€25k€20k▼

Tangible fixed assets22/27€25k€20k▼

Plant, machinery and equipment23€535€324▼

Furniture and vehicles24€24k€20k▼

Current assets29/58€58k€38k▼

Amounts receivable within one year40/41€58k€36k▼

Trade receivables40€49k€36k▼

Other amounts receivable41€9k€73▼

Deferred charges and accrued income490/1€368€2k▲

Equity and liabilities

Total equity and liabilities10/49€83k€58k▼

Equity10/15€15k€8k▼

Contributions10/11€6k€6k=

Reserves13€620€620=

Non-distributable reserves130/1€620€620=

Reserves not available under the articles1311€620€620=

Profit (loss) carried forward14€8k€2k▼

Amounts payable17/49€68k€50k▼

Amounts payable within one year42/48€63k€46k▼

Financial debts43€3k€4k▲

Credit institutions430/8€3k€4k▲

Trade debts44€3k€8k▲

Suppliers440/4€3k€8k▲

Taxes, remuneration and social security45€4k-

Taxes450/3€4k-

Other amounts payable47/48€54k€33k▼

Accrued charges and deferred income492/3€5k€4k▼

Income statement Code20232024

Turnover70-€31k

Goods, raw materials, services and sundry goods60/61-€30k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€762€5k▲

Other operating charges640/8€149€2k▲

Gross operating margin9900€2k€1k▼

Operating profit (loss)9901€652€-6k▼

Financial income75/76B€3€1▼

Recurring financial income75€3€1▼

Financial charges65/66B€336€233▼

Recurring financial charges65€336€233▼

Profit (loss) for the period before taxes9903€318€-6k▼

Income taxes67/77€118€-70▼

Profit (loss) for the period9904€200€-6k▼

Profit (loss) for the period to be appropriated9905€200€-6k▼

Appropriation of the result

Profit (loss) to be appropriated9906€8k€2k▼

Profit (loss) brought forward from the previous period14P€8k€8k▲

The notes to these accounts (5 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 12Financial 3Filings 9

2025

12-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 12 days late

2024

31-12

Financial Weakest financial yearnet €-6k ▼3251%

Net result drops to €-6k, the lowest in the series.

02-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 2 days late

2023

07-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

27-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Liquidity doublescurrent ratio 4.41

Current ratio from 2.09 to 4.41; short-term debt falls from €12k to €4k.

25-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

13-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 13 days late

2019

31-12

Financial Highest result since 2018net €4k ▲569%

Operating result €5k, net result €4k, both a record.

25-06

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

31-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Evere · 1 establishment unit since 2016

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.

Artemislaan 121140 Evere

Ground area

200 m²

Building footprint

66 m²

Volume, LiDAR

540 m³

Parcel 21372C0042/00X000, Brussels · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

MENUISERIE BORREMANS

Antoine de St-Exupérylaan 8, 1150 Sint-Pieters-WoluweSpecialised construction activities

since 20162.253.048.296

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21372C0042/00X000	Brussels	200 m²	1 · 66 m²	9.6 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

Of 19,947 companies in sector 43320 we hold annual accounts for 9,084. 4,192 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded19-02-2016

Fiscal year end31-12

Activities, NACEBEL

43320Joinery installation

31002Manufacture of furniture

Sources

Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.