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Borifa

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Financial year 2025 · closed on 31/12/2025

Net result

128,9 k €

+167.1% YoY

Gross margin

581,6 k €

+10.8% YoY

Equity

1,2 M €

-8.3% YoY

Workforce

6,2 ETP

-12.7% YoY

What does Borifa do?

Borifa is a Private limited company incorporated in 1968. Its registered office is in Willebroek. It employs on average 6,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.797.169

Incorporation

01/01/1968

Legal form

Private limited company

Registered office

Hoeikensstraat 3
2830 Willebroek · FlandreSee on map

Contributed capital

20 950,40 €

Latest accounts

31/12/2025

Average workforce

6,2 ETP

Joint committees (4)

149
14904
200
20000

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	581,6 k €	+10.8%	524,8 k €	-18.7%	645,3 k €	-14.4%	753,5 k €	+18.5%	635,6 k €	+21.9%	521,5 k €	-3.5%	540,6 k €	+5.7%	511,3 k €	+32.5%	385,9 k €	+11.6%	345,8 k €	-4.1%	360,7 k €	-8.0%	392 k €	+21.7%	322,2 k €	+5.5%	305,3 k €	-6.7%	327,1 k €	+32.8%	246,2 k €	-5.3%	260,1 k €	-39.0%	426,4 k €	-2.5%	437,2 k €	+16.8%	374,4 k €
EBITDA	191,6 k €	+101%	95,3 k €	-57.2%	222,5 k €	-44.4%	400,1 k €	+47.1%	272 k €	+54.8%	175,7 k €	+1.5%	173,1 k €	+0.7%	171,9 k €	+108%	82,7 k €	+504%	13,7 k €	-57.7%	32,4 k €	-56.7%	74,8 k €	-14.4%	87,4 k €	+16.4%	75,1 k €	-33.4%	112,7 k €	+49.1%	75,6 k €	-5.4%	79,9 k €	-63.6%	219,4 k €	-6.4%	234,4 k €	+25.8%	186,4 k €
Operating result	153,8 k €	+121%	69,4 k €	-59.0%	169,3 k €	-56.7%	391,1 k €	+70.6%	229,3 k €	+64.6%	139,3 k €	+8.0%	129 k €	-9.9%	143,1 k €	+140%	59,7 k €	+198853%	30 €	-99.8%	16,1 k €	-76.5%	68,6 k €	-17.3%	82,9 k €	+40.2%	59,2 k €	-38.9%	96,8 k €	+77.9%	54,4 k €	-0.7%	54,8 k €	-70.7%	187,1 k €	-12.7%	214,3 k €	+31.9%	162,4 k €
Net result	128,9 k €	+167%	48,3 k €	-58.6%	116,6 k €	-57.7%	275,8 k €	+75.6%	157,1 k €	+18.0%	133,1 k €	+5.8%	125,8 k €	-7.9%	136,6 k €	+128%	59,8 k €	+513%	9,8 k €	+45.9%	6,7 k €	-91.0%	74,7 k €	-6.3%	79,7 k €	+24.9%	63,8 k €	-34.1%	96,9 k €	+84.5%	52,5 k €	+17.7%	44,6 k €	-72.5%	162,4 k €	-21.1%	205,9 k €	+37.2%	150 k €
Balance sheet
Equity	1,2 M €	-8.3%	1,3 M €	+0.6%	1,3 M €	+5.6%	1,2 M €	+22.6%	975,8 k €	+13.3%	861,6 k €	+3.2%	834,5 k €	+5.1%	793,7 k €	+8.4%	732 k €	+1.4%	722,2 k €	-5.3%	762,4 k €	-5.4%	805,7 k €	-3.6%	836 k €	+3.7%	806,3 k €	+2.4%	787,4 k €	+6.3%	740,5 k €	+0.3%	738 k €	-0.7%	743,3 k €	+12.5%	660,9 k €	+17.0%	565 k €
Total assets	1,3 M €	-16.5%	1,6 M €	-1.9%	1,6 M €	-6.7%	1,7 M €	+15.9%	1,5 M €	+14.6%	1,3 M €	+3.6%	1,3 M €	+0.4%	1,3 M €	+1.3%	1,2 M €	+5.7%	1,2 M €	+0.9%	1,2 M €	-1.6%	1,2 M €	-2.8%	1,2 M €	+4.7%	1,2 M €	+4.3%	1,1 M €	+4.6%	1,1 M €	+5.4%	1 M €	-6.3%	1,1 M €	+3.4%	1 M €	+9.1%	957,2 k €
Cash	246,8 k €	+10.5%	223,4 k €	-34.4%	340,7 k €	+40.4%	242,7 k €	+96.5%	123,5 k €	+7.3%	115,2 k €	+20.9%	95,3 k €	+61.4%	59 k €	+27.8%	46,2 k €	+25.0%	37 k €	+6.8%	34,6 k €	-71.1%	119,8 k €	+11.8%	107,1 k €	+33.5%	80,2 k €	+406%	15,9 k €	-79.6%	77,9 k €	-22.1%	100,1 k €	+39.5%	71,7 k €	+176%	26 k €	-51.4%	53,4 k €
Debts	165,7 k €	-48.6%	322,2 k €	-10.5%	360 k €	-33.6%	542,4 k €	+3.4%	524,8 k €	+17.1%	448,1 k €	+4.3%	429,7 k €	+1.3%	424,3 k €	-12.4%	484,4 k €	+12.7%	429,8 k €	+14.0%	377 k €	+8.0%	349,1 k €	-3.1%	360,3 k €	+5.4%	341,8 k €	+10.8%	308,5 k €	-0.5%	310 k €	+20.0%	258,3 k €	-19.0%	319 k €	-13.1%	367 k €	-2.5%	376,4 k €
Other
Workforce	6,2 ETP	-12.7%	7,1 ETP	+1.4%	7,0 ETP	+12.9%	6,2 ETP	-8.8%	6,8 ETP	+1.5%	6,7 ETP	+3.1%	6,5 ETP		–		–		6,1 ETP	-19.7%	7,6 ETP	-22.4%	9,8 ETP	+18.1%	8,3 ETP	+27.7%	6,5 ETP	+3.2%	6,3 ETP	+65.8%	3,8 ETP	-17.4%	4,6 ETP	-4.2%	4,8 ETP	-2.0%	4,9 ETP	0.0%	4,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

AK Works

Director · since 17 décembre 2025 · 1029.839.991

Represented by Arne Kerremans

Active

Ended mandates

Arne KERREMANS

Director · since 23 février 2025

Ended

Michel KERREMANS

Director · since 28 mars 1990

Ended

Michel Kerremans

Mandate

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2026	17/06/2025	23/09/2024	06/09/2023	24/09/2022	29/09/2021
General meeting	30/06/2026	10/06/2025	19/09/2024	11/04/2023	12/04/2022	13/04/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Abridged model	31/12/2024	10/06/2025	17/06/2025	Dutch	PDF
Abridged model	31/12/2023	19/09/2024	23/09/2024	Dutch	PDF
Abridged model	31/12/2022	11/04/2023	06/09/2023	Dutch	PDF
Abridged model	31/12/2021	12/04/2022	24/09/2022	Dutch	PDF
Abridged model	31/12/2020	13/04/2021	29/09/2021	Dutch	PDF
Abridged model	31/12/2019	14/04/2020	28/10/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	28/09/2018	Dutch	PDF
Abridged model	31/12/2016	30/07/2017	30/09/2017	Dutch	PDF
Abridged model	31/12/2015	31/07/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	31/07/2015	31/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	23/10/2014	Dutch	PDF
Abridged model	31/12/2012	29/06/2013	31/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	29/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	29/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	29/06/2009	15/10/2009	Dutch	PDF
Abridged model	31/12/2007	26/06/2008	30/08/2008	Dutch	PDF
Abridged model	31/12/2006	23/06/2007	29/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

AK Works

Director · since 17 décembre 2025 · 1029.839.991

Represented by Arne Kerremans

Active

Ended mandates

Arne KERREMANS

Director · since 23 février 2025

Ended

Michel KERREMANS

Director · since 28 mars 1990

Ended

Michel Kerremans

Mandate

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring06/01/2026
BENAMING - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring10/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates27/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025128,9 k €↑
2024
Annual accounts 202448,3 k €↓
2023
Annual accounts 2023116,6 k €↓
2022
Annual accounts 2022275,8 k €↑
2021
Annual accounts 2021157,1 k €↑
2021
Name changeBorifa
2020
Annual accounts 2020133,1 k €↑
2019
Annual accounts 2019125,8 k €↓
2018
Annual accounts 2018136,6 k €↑
2017
Annual accounts 201759,8 k €↑
2016
Annual accounts 20169,8 k €↑
2015
Annual accounts 20156,7 k €↓
2014
Annual accounts 201474,7 k €↓
2013
Annual accounts 201379,7 k €↑
2012
Annual accounts 201263,8 k €↓
2011
Annual accounts 201196,9 k €↑
2010
Annual accounts 201052,5 k €↑
2009
Annual accounts 200944,6 k €↓
2008
Annual accounts 2008162,4 k €↓
2007
Annual accounts 2007205,9 k €↑
2006
Annual accounts 2006150 k €
2006
Name changeBolts - Rivets - Fasteners Company
01/01/1968
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Borifa

Overview

What does Borifa do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline