ACTIVE

BORDERLAND

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Financial year 2025 · closed on 31/12/2025

Net result

115,5 k €

-12.2% YoY

Gross margin

149,1 k €

-11.7% YoY

Equity

1,6 M €

+4.7% YoY

What does BORDERLAND do?

BORDERLAND is a Private limited company incorporated in 1980. Its registered office is in Eupen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0420.728.590

Incorporation

01/01/1980

Legal form

Private limited company

Registered office

Hostert 9 box 4 étage
4700 Eupen · WallonieSee on map

Contributed capital

195 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	149,1 k €	-11.7%	168,8 k €	-1.8%	171,9 k €	-43.8%	305,9 k €	+549%	47,1 k €	-10.2%	52,5 k €	+1.6%	51,6 k €	+1.3%	51 k €	+5.9%	48,1 k €	-66.7%	144,5 k €	+154%	56,8 k €	-1.4%	57,6 k €	+12.1%	51,4 k €	+4.1%	49,4 k €	-8.0%	53,7 k €	+77.0%	30,4 k €	-30.2%	43,5 k €	-1.8%	44,3 k €	+7.1%	41,3 k €	+43.3%	28,8 k €
EBITDA	146,5 k €	-11.9%	166,3 k €	-1.8%	169,4 k €	-44.0%	302,5 k €	+591%	43,8 k €	-10.9%	49,1 k €	+1.7%	48,3 k €	+1.3%	47,7 k €	+6.2%	44,9 k €	-67.8%	139,5 k €	+172%	51,3 k €	-3.0%	52,9 k €	+12.9%	46,8 k €	+3.8%	45,1 k €	-5.1%	47,6 k €	+83.6%	25,9 k €	-34.2%	39,4 k €	-1.8%	40,1 k €	+7.4%	37,3 k €	+49.6%	24,9 k €
Operating result	146,5 k €	-11.6%	165,7 k €	-1.8%	168,8 k €	-44.1%	301,8 k €	+726%	36,5 k €	-17.9%	44,5 k €	+2.7%	43,4 k €	+2.3%	42,4 k €	+7.3%	39,5 k €	-70.6%	134,4 k €	+216%	42,6 k €	-3.5%	44,1 k €	+16.8%	37,8 k €	+4.8%	36 k €	-6.8%	38,7 k €	+128%	17 k €	-44.0%	30,3 k €	-1.4%	30,7 k €	+9.8%	28 k €	+78.2%	15,7 k €
Net result	115,5 k €	-12.2%	131,6 k €	+1.9%	129,2 k €	-42.1%	223,2 k €	+716%	27,3 k €	-17.8%	33,3 k €	+22.5%	27,2 k €	-14.9%	31,9 k €	+8.5%	29,4 k €	-75.3%	119,4 k €	+171%	44 k €	+3.4%	42,5 k €	+13.0%	37,7 k €	+4.9%	35,9 k €	-6.8%	38,5 k €	+131%	16,7 k €	-82.0%	92,5 k €	+202%	30,7 k €	-22.1%	39,4 k €	+152%	15,6 k €
Balance sheet
Equity	1,6 M €	+4.7%	1,5 M €	+6.1%	1,5 M €	+7.0%	1,4 M €	+13.3%	1,2 M €	+1.4%	1,2 M €	+1.8%	1,2 M €	-0.1%	1,2 M €	+0.2%	1,2 M €	-13.5%	1,3 M €	+0.9%	1,3 M €	+0.2%	1,3 M €	+0.2%	1,3 M €	+0.1%	1,3 M €	+0.1%	1,3 M €	+0.2%	1,3 M €	-1.0%	1,3 M €	+7.5%	1,2 M €	+2.5%	1,2 M €	+3.4%	1,2 M €
Total assets	1,7 M €	+4.2%	1,6 M €	+6.8%	1,5 M €	-0.1%	1,5 M €	+22.5%	1,2 M €	+1.7%	1,2 M €	-0.2%	1,2 M €	+0.7%	1,2 M €	-0.7%	1,2 M €	-17.9%	1,5 M €	+6.6%	1,4 M €	+0.2%	1,4 M €	-0.0%	1,4 M €	+0.6%	1,4 M €	+0.5%	1,4 M €	+0.1%	1,4 M €	-0.5%	1,4 M €	-0.5%	1,4 M €	-0.1%	1,4 M €	-3.4%	1,4 M €
Cash	504,3 k €	+14.1%	442 k €	+30.9%	337,7 k €	-2.1%	345,1 k €	+1533%	21,1 k €	+34.4%	15,7 k €	+10.2%	14,3 k €	+1727%	780,9 €	-83.2%	4,6 k €	-98.2%	261,5 k €	+234%	78,2 k €	+15.3%	67,8 k €	+14.2%	59,4 k €	+41.2%	42,1 k €	+56.3%	26,9 k €	+67.4%	16,1 k €	+12.9%	14,2 k €	+20.3%	11,8 k €	+161%	4,5 k €	-52.2%	9,5 k €
Debts	45,8 k €	-11.0%	51,4 k €	+34.0%	38,4 k €	-71.4%	134 k €	+580%	19,7 k €	+17.8%	16,7 k €	-56.7%	38,6 k €	+28.7%	30 k €	-25.3%	40,1 k €	-67.1%	122 k €	+177%	44,1 k €	-0.7%	44,4 k €	-5.8%	47,1 k €	+13.4%	41,5 k €	+15.3%	36 k €	-1.4%	36,5 k €	+23.6%	29,5 k €	-77.1%	129 k €	-19.6%	160,5 k €	-35.3%	248 k €

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 · 4 ended

Active mandates

E.A.N. CONSULT

Director · 1017.385.587

Represented by Edgar NIEDERAU

Active

Ended mandates

Matthias NIEDERAU

Director · since 05 septembre 2022

Ended

Edgar NIEDERAU

Director

Ended

Edgar NIEDERAU

Manager

Ended

Mathias NIEDERAU

Director

Ended

At this address

Other companies at this address

Company	CBE no.
B.T.S. CONSULTING● Active	0780.657.582
E.A.N. CONSULT● Active	1017.385.587

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	01/06/2026	06/06/2025	18/06/2024	26/06/2023	27/07/2022	05/07/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	29/05/2023	27/06/2022	02/01/2021
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
Micro model	31/12/2025	26/05/2026	01/06/2026	German	PDF
Micro model	31/12/2024	26/05/2025	06/06/2025	German	PDF
Micro model	31/12/2023	27/05/2024	18/06/2024	German	PDF
Micro model	31/12/2022	29/05/2023	26/06/2023	German	PDF
Micro model	31/12/2021	27/06/2022	27/07/2022	German	PDF
Micro model	31/12/2020	02/01/2021	05/07/2021	German	PDF
Micro model	31/12/2019	24/08/2020	31/08/2020	German	PDF
Micro model	31/12/2018	27/05/2019	14/08/2019	German	PDF
Micro model	31/12/2017	28/05/2018	30/12/2018	German	PDF
Micro model	31/12/2016	29/05/2017	27/06/2017	German	PDF
Abridged model	31/12/2015	30/05/2016	20/06/2016	German	PDF
Abridged model	31/12/2014	26/05/2015	28/08/2015	German	PDF
Abridged model	31/12/2013	26/05/2014	14/08/2014	German	PDF
Abridged model	31/12/2012	24/05/2013	02/07/2013	German	PDF
Abridged model	31/12/2011	28/05/2012	04/07/2012	German	PDF
Abridged model	31/12/2010	30/05/2011	24/08/2011	German	PDF
Abridged model	31/12/2009	31/05/2010	19/06/2010	German	PDF
Abridged model	31/12/2008	25/05/2009	27/07/2009	German	PDF
Abridged model	31/12/2007	26/05/2008	17/06/2008	German	PDF
Abridged model	31/12/2006	29/05/2007	08/06/2007	German	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 · 4 ended

Active mandates

E.A.N. CONSULT

Director · 1017.385.587

Represented by Edgar NIEDERAU

Active

Ended mandates

Matthias NIEDERAU

Director · since 05 septembre 2022

Ended

Edgar NIEDERAU

Director

Ended

Edgar NIEDERAU

Manager

Ended

Mathias NIEDERAU

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/09/2022
ENTLASSUNG - ERNENNUNG
PDF
Mandates04/03/2022
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - AENDERUNG RECHTSFORM - GESELLSCHAFTSNAME - GESELLSCHAFTSSITZ - ENTLASSUNG - ERNENNUNG
PDF
Capital / shares31/01/2017
KAPITAL - AKTIEN - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Registered office27/10/2011
GESELLSCHAFTSSITZ
PDF
Capital / shares29/12/2005
KAPITAL - AKTIEN - GENERALVERSAMMLUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
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 2025115,5 k €↓
2024
Annual accounts 2024131,6 k €↑
2023
Annual accounts 2023129,2 k €↓
2022
Annual accounts 2022223,2 k €↑
2021
Annual accounts 202127,3 k €↓
2020
Annual accounts 202033,3 k €↑
2019
Annual accounts 201927,2 k €↓
2018
Annual accounts 201831,9 k €↑
2017
Annual accounts 201729,4 k €↓
2016
Annual accounts 2016119,4 k €↑
2015
Annual accounts 201544 k €↑
2014
Annual accounts 201442,5 k €↑
2013
Annual accounts 201337,7 k €↑
2012
Annual accounts 201235,9 k €↓
2011
Annual accounts 201138,5 k €↑
2010
Annual accounts 201016,7 k €↓
2009
Annual accounts 200992,5 k €↑
2008
Annual accounts 200830,7 k €↓
2007
Annual accounts 200739,4 k €↑
2006
Annual accounts 200615,6 k €
01/01/1980
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

BORDERLAND

Overview

What does BORDERLAND 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