ACTIVE

BORZEE

Financial year 2025 · Closed on 31/12/2025

Net result-96,1 k €+12,9 %over 1 year

Gross margin33,4 k €-40,8 %over 1 year

Equity345,1 k €-73,3 %over 1 year

Identity

Source · BCE/KBO

BORZEE is a Public limited company incorporated in 1978. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Aywaille.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0418.071.780
Incorporation: 15/03/1978
Legal form: Public limited company
Registered office: Rue de la Hé Copin 9
4920 Aywaille · WallonieSee on map
Contributed capital: 458 365,41 €
Latest accounts: 31/12/2025

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation 45332Sale of motor vehicle parts and accessories

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	33,4 k €	-40.8%	56,5 k €	-1.2%	57,2 k €	-8.9%	62,8 k €		–
EBITDA	25,4 k €	+142%	-60,2 k €	-224%	48,4 k €	-36.9%	76,7 k €	+6.0%	72,4 k €
Operating result	-99 k €	-2.2%	-96,8 k €	-1264%	8,3 k €	-75.0%	33,3 k €	+91.8%	17,4 k €
Net result	-96,1 k €	+12.9%	-110,2 k €	-2677%	-4 k €	-132%	12,4 k €	+3771%	-338,8 €
Balance sheet
Equity	345,1 k €	-73.3%	1,3 M €	-7.9%	1,4 M €	-0.3%	1,4 M €	+0.9%	1,4 M €
Total assets	466,7 k €	-64.1%	1,3 M €	-11.0%	1,5 M €	-0.4%	1,5 M €	-32.9%	2,2 M €
Cash	451,1 k €	+8.9%	414,4 k €	+3.9%	399 k €	+102%	197,9 k €	-60.6%	501,9 k €
Debts	21,5 k €	+1195%	1,7 k €	-96.7%	49,7 k €	-3.3%	51,4 k €	-93.4%	781,1 k €
Other
Workforce	–		–		–		–		–

Valuation

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Odile Marie A Close	Director30/06/2024 → 30/06/2029
Close Techniques0698.822.939Represented by Floriane STRUELENS	Director15/06/2020 → 30/06/2029
Stéphan VAN BUTSEL	Managing director25/06/2010 → 30/06/2029Director2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CLOSE COMFORT0475.479.350Represented by Magali CONNIASSELLE	Director18/06/2018 → 2018 accounts
Eric Moermans	Director18/06/2018 → 2019 accounts
Karin van den Wildenberg	Director18/06/2018 → 2019 accounts

Other companies at this address

Rue de la Hé Copin 9 4920 Aywaille

Company	CBE no.
Ass momentanée CEGELEC-CLOSE-SPIE● Active	0654.995.567
Close● Active	0403.940.266
Close-Axima-Fabricom CBTC● Active	0737.507.034
CLOSE COMFORT● Active	0475.479.350
CLOSE-THERSA- CUESMES● Active	1031.535.612
CLOSE-VMA-LEONIDAS● Active	1009.633.111
HE COPPIN● Active	0849.517.783
Société momentanée CLOSE - CEGELEC - E. Cavell● Active	0689.714.045
Société momentanée Close-EMT● Active	0683.656.691
Société momentanée Close-Spie● Active	0681.819.532

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged 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	02/07/2026	09/07/2025	24/08/2024	23/08/2023	19/08/2022	30/08/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	29/06/2023	28/06/2022	26/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	02/07/2026	French	PDF
Abridged model	31/12/2024	27/06/2025	09/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	24/08/2024	French	PDF
Abridged model	31/12/2022	29/06/2023	23/08/2023	French	PDF
Full model	31/12/2021	28/06/2022	19/08/2022	French	PDF
Full model	31/12/2020	26/06/2021	30/08/2021	French	PDF
Full model	31/12/2019	30/06/2020	14/09/2020	French	PDF
Full model	31/12/2018	25/06/2019	04/07/2019	Dutch	PDF
Full model	31/12/2017	18/06/2018	14/08/2018	Dutch	PDF
Full model	31/12/2016	27/06/2017	26/07/2017	Dutch	PDF
Full model	31/12/2015	27/06/2016	04/07/2016	Dutch	PDF
Full model	31/12/2014	27/06/2015	29/07/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	01/07/2014	Dutch	PDF
Full model	31/12/2012	26/06/2013	27/06/2013	Dutch	PDF
Full model	31/12/2011	29/06/2012	02/07/2012	Dutch	PDF
Full model	31/12/2010	24/06/2011	28/06/2011	Dutch	PDF
Full model	31/12/2009	25/06/2010	01/07/2010	Dutch	PDF
Full model	31/12/2008	19/06/2009	23/06/2009	Dutch	PDF
Full model	31/12/2007	30/06/2008	02/07/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	04/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Odile Marie A Close	Director30/06/2024 → 30/06/2029
Close Techniques0698.822.939Represented by Floriane STRUELENS	Director15/06/2020 → 30/06/2029
Stéphan VAN BUTSEL	Managing director25/06/2010 → 30/06/2029Director2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CLOSE COMFORT0475.479.350Represented by Magali CONNIASSELLE	Director18/06/2018 → 2018 accounts
Eric Moermans	Director18/06/2018 → 2019 accounts
Karin van den Wildenberg	Director18/06/2018 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/10/2026
Démission
PDF
Restructuring15/01/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring18/11/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates24/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/01/2024
OBJET - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates05/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates16/02/2021
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Close Techniques

Odile Marie A Close

Stephan Van Butsel

CLOSE COMFORT

Karin van den Wildenberg

Eric Moermans

Salvatore VENDITTI

Pierre CLOSE

Magali CONNIASSELLE

Gérard CAPRASSE

Pascal THESIAS

Werner VANAKEN

Show the 5 other mandates

1978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026202720282029

BORZEE

Rue de la Hé Copin 9, 4920 Aywaille

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue de la Hé Copin 9, 4920 AywailleCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00243856

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BORZEECurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00243856

Events

2025
Annual accounts 2025-96,1 k €↑
2024
Annual accounts 2024-110,2 k €↓
2023
Annual accounts 2023-4 k €↓
2022
Annual accounts 202212,4 k €↑
2021
Annual accounts 2021-338,8 €↓
2020
Annual accounts 202095,5 k €↑
2019
Annual accounts 2019-310,1 k €↓
2018
Annual accounts 201884 k €↓
2017
Annual accounts 2017565,6 k €↓
2016
Annual accounts 2016932 k €↑
2015
Annual accounts 2015696,1 k €↓
2014
Annual accounts 2014992,7 k €↓
2013
Annual accounts 20131,6 M €↑
2012
Annual accounts 2012-295,9 k €↓
2011
Annual accounts 2011133,1 k €↓
2010
Annual accounts 2010595,3 k €↑
2009
Annual accounts 2009-83 k €↓
2008
Annual accounts 2008650,7 k €↓
2007
Annual accounts 2007731,6 k €↑
2006
Annual accounts 2006487,3 k €
15/03/1978
IncorporationPublic limited company

BORZEE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events