ACTIVE

BORG - BOUW

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Financial year 2025 · closed on 31/12/2025

Net result

461,5 k €

+24.0% YoY

Revenue

10,2 M €

-21.9% YoY

Equity

2,4 M €

+23.5% YoY

Workforce

26,2 ETP

+7.8% YoY

What does BORG - BOUW do?

BORG - BOUW is a Public limited company incorporated in 1977. Its main activity is: Construction of buildings. Its registered office is in Lille. It employs on average 26,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.644.683

Incorporation

01/11/1977

Legal form

Public limited company

Registered office

Achterstenhoek 34
2275 Lille · FlandreSee on map

Contributed capital

190 000,00 €

Latest accounts

31/12/2025

Average workforce

26,2 ETP

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles

Joint committees (5)

124
12400
200
20000
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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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
Revenue	10,2 M €	-21.9%	13,1 M €	+3.3%	12,7 M €	+15.0%	11 M €	+5.5%	10,4 M €	-16.5%	12,5 M €	-20.1%	15,6 M €	+43.7%	10,9 M €	+10.7%	9,8 M €	+0.9%	9,7 M €	+19.3%	8,2 M €	+29.9%	6,3 M €	+32.1%	4,8 M €	+3.2%	4,6 M €	-14.0%	5,4 M €	-16.0%	6,4 M €	+48.2%	4,3 M €	+6.0%	4,1 M €	-32.4%	6 M €		–
EBITDA	977 k €	+48.2%	659,3 k €	+75.9%	374,8 k €	+14.5%	327,3 k €	-55.4%	733,8 k €	+0.7%	729 k €	+1.5%	718,1 k €	-22.8%	930 k €	+80.8%	514,5 k €	+217%	162,2 k €	+30.3%	124,5 k €	+22.9%	101,3 k €	+6.0%	95,6 k €	+11.9%	85,5 k €	-43.2%	150,4 k €	-13.2%	173,1 k €	-18.5%	212,4 k €	-5.1%	223,8 k €	+40.7%	159,1 k €	-47.0%	300,2 k €
Operating result	619,1 k €	+6.9%	579,3 k €	+189%	200,1 k €	-11.3%	225,6 k €	-64.6%	636,8 k €	+2.3%	622,3 k €	-0.4%	624,5 k €	-28.7%	876,4 k €	+549%	135 k €	+56.6%	86,2 k €	+5.7%	81,6 k €	+36.6%	59,7 k €	+31.7%	45,4 k €	-17.3%	54,8 k €	-22.6%	70,9 k €	+13.8%	62,3 k €	-20.6%	78,4 k €	-27.6%	108,3 k €	+99.1%	54,4 k €	-71.9%	193,7 k €
Net result	461,5 k €	+24.0%	372,1 k €	+304%	92,1 k €	-56.2%	210,5 k €	-53.0%	448,1 k €	+0.2%	447,2 k €	+6.5%	419,7 k €	-29.4%	594,1 k €	+829%	63,9 k €	+78.7%	35,8 k €	+16.6%	30,7 k €	+59.4%	19,2 k €	+322%	4,6 k €	-40.6%	7,7 k €	-3.5%	7,9 k €	-65.7%	23,2 k €	-0.9%	23,4 k €	-43.1%	41,1 k €	-7.4%	44,4 k €	-39.4%	73,3 k €
Balance sheet
Equity	2,4 M €	+23.5%	2 M €	+23.4%	1,6 M €	+6.2%	1,5 M €	+16.4%	1,3 M €	+53.5%	837,2 k €	-46.5%	1,6 M €	+36.6%	1,1 M €	+108%	552,2 k €	+13.1%	488,2 k €	+7.9%	452,5 k €	+7.3%	421,8 k €	+4.8%	402,6 k €	+1.1%	398 k €	+2.0%	390,3 k €	+2.1%	382,4 k €	+6.5%	359,2 k €	+7.0%	335,8 k €	+3.4%	324,7 k €	+15.8%	280,3 k €
Total assets	5,2 M €	-2.5%	5,3 M €	-2.3%	5,4 M €	+11.1%	4,9 M €	+6.0%	4,6 M €	+13.1%	4,1 M €	-38.1%	6,6 M €	+29.2%	5,1 M €	+0.8%	5,1 M €	+16.7%	4,3 M €	+18.7%	3,7 M €	+0.3%	3,6 M €	+42.1%	2,6 M €	-4.9%	2,7 M €	+0.6%	2,7 M €	-2.1%	2,7 M €	+13.3%	2,4 M €	+13.9%	2,1 M €	-4.9%	2,2 M €	-26.2%	3 M €
Cash	1,1 M €	+6.9%	1 M €	+2965%	33,3 k €	-93.6%	516 k €	-64.9%	1,5 M €	+165%	554,4 k €	-45.1%	1 M €	-15.7%	1,2 M €	+136%	506,9 k €	+12.5%	450,5 k €	+418%	86,9 k €	+10.0%	79 k €	-17.2%	95,4 k €	+163%	36,3 k €	-28.4%	50,6 k €	+84.8%	27,4 k €	-48.5%	53,2 k €	+1.1%	52,6 k €	-89.3%	489,3 k €	+126%	217 k €
Debts	2,7 M €	-18.9%	3,4 M €	-12.9%	3,9 M €	+13.2%	3,4 M €	+2.0%	3,3 M €	+2.7%	3,2 M €	-35.5%	5 M €	+27.0%	4 M €	-12.3%	4,5 M €	+17.2%	3,9 M €	+20.3%	3,2 M €	-0.6%	3,2 M €	+49.1%	2,2 M €	-6.0%	2,3 M €	+0.4%	2,3 M €	-2.7%	2,4 M €	+14.5%	2,1 M €	+15.2%	1,8 M €	-6.3%	1,9 M €	-30.4%	2,7 M €
Other
Workforce	26,2 ETP	+7.8%	24,3 ETP	-15.6%	28,8 ETP	+26.9%	22,7 ETP	+0.4%	22,6 ETP	-23.9%	29,7 ETP	-20.8%	37,5 ETP	+2.7%	36,5 ETP	+5.2%	34,7 ETP	+13.4%	30,6 ETP	0.0%	30,6 ETP	+18.1%	25,9 ETP	+4.4%	24,8 ETP	-17.3%	30,0 ETP	+3.4%	29,0 ETP	-20.8%	36,6 ETP	+3.1%	35,5 ETP	+10.6%	32,1 ETP	-10.6%	35,9 ETP	-3.8%	37,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

BORG - HOUT

Director · since 30 juin 2021 · 0452.279.425

Represented by Elisabeth Borgmans

Active

Roger Borgmans

Director · since 30 juin 2021

Active

Ended mandates

BORG - HOUT

Director · since 01 octobre 2015 · until 30 septembre 2021 · 0452.279.425

Represented by Frederic-Alexander Borgmans

Ended

Roger Borgmans

Managing director · since 01 octobre 2015 · until 30 septembre 2021

Ended

Mija nv

Director · since 03 juin 2013 · until 01 octobre 2015 · 0861.899.735

Represented by Sandra Maesschalk

Ended

Mija nv

Director · since 03 juin 2013 · until 01 juin 2019 · 0861.899.735

Represented by Sandra Maesschalk

Ended

At this address

Other companies at this address

Company	CBE no.
BORG - HOUT● Active	0452.279.425

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	28/08/2025	31/07/2024	03/08/2023	30/08/2022	20/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	31/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	28/08/2025	Dutch	PDF
Full model	31/12/2023	30/06/2024	31/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	03/08/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	30/08/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	20/08/2021	Dutch	PDF
Full model	31/12/2019	31/07/2020	31/08/2020	Dutch	PDF
Full model	31/12/2018	30/06/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	31/07/2018	Dutch	PDF
Full modelCorrection	31/12/2016	01/06/2017	29/09/2017	Dutch	PDF
Full model	31/12/2016	01/06/2017	30/06/2017	Dutch	PDF
Full model	31/12/2015	01/06/2016	30/08/2016	Dutch	PDF
Full model	31/12/2014	01/06/2015	31/08/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	03/06/2013	30/08/2013	Dutch	PDF
Full model	31/12/2011	01/06/2012	27/06/2012	Dutch	PDF
Full model	31/12/2010	01/06/2011	01/07/2011	Dutch	PDF
Full model	31/12/2009	22/06/2010	22/07/2010	Dutch	PDF
Full model	31/12/2008	23/06/2009	20/07/2009	Dutch	PDF
Full model	31/12/2007	02/06/2008	03/06/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	30/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 15 ended

Active mandates

BORG - HOUT

Director · since 30 juin 2021 · 0452.279.425

Represented by Elisabeth Borgmans

Active

Roger Borgmans

Director · since 30 juin 2021

Active

Ended mandates

BORG - HOUT

Director · since 01 octobre 2015 · until 30 septembre 2021 · 0452.279.425

Represented by Frederic-Alexander Borgmans

Ended

Roger Borgmans

Managing director · since 01 octobre 2015 · until 30 septembre 2021

Ended

Mija nv

Director · since 03 juin 2013 · until 01 octobre 2015 · 0861.899.735

Represented by Sandra Maesschalk

Ended

Mija nv

Director · since 03 juin 2013 · until 01 juin 2019 · 0861.899.735

Represented by Sandra Maesschalk

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/10/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other23/01/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/09/2010
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/09/2007
ONTSLAGEN - BENOEMINGEN
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 2025461,5 k €↑
2024
Annual accounts 2024372,1 k €↑
2023
Annual accounts 202392,1 k €↓
2022
Annual accounts 2022210,5 k €↓
2021
Annual accounts 2021448,1 k €↑
2020
Annual accounts 2020447,2 k €↑
2019
Annual accounts 2019419,7 k €↓
2018
Annual accounts 2018594,1 k €↑
2017
Annual accounts 201763,9 k €↑
2016
Annual accounts 201635,8 k €↑
2015
Annual accounts 201530,7 k €↑
2014
Annual accounts 201419,2 k €↑
2013
Annual accounts 20134,6 k €↓
2012
Annual accounts 20127,7 k €↓
2011
Annual accounts 20117,9 k €↓
2010
Annual accounts 201023,2 k €↓
2009
Annual accounts 200923,4 k €↓
2008
Annual accounts 200841,1 k €↓
2007
Annual accounts 200744,4 k €↓
2006
Annual accounts 200673,3 k €
01/11/1977
IncorporationPublic 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

BORG - BOUW

Overview

What does BORG - BOUW do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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