ACTIVE

DE BORGER

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Financial year 2025 · closed on 31/12/2025

Net result

17 k €

-13.1% YoY

Gross margin

112,5 k €

+12.9% YoY

Equity

1,3 M €

+1.3% YoY

What does DE BORGER do?

DE BORGER is a Private limited company incorporated in 1986. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Lokeren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.462.658

Incorporation

21/01/1986

Legal form

Private limited company

Registered office

Sterrestraat 61
9160 Lokeren · FlandreSee on map

Contributed capital

1 235 190,00 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate

Joint committees (3)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	112,5 k €	+12.9%	99,6 k €	+5.6%	94,4 k €	+0.6%	93,8 k €	+28.3%	73,1 k €	+28.7%	56,8 k €	-24.8%	75,5 k €	+63.3%	46,2 k €	+45.4%	31,8 k €	-76.2%	133,4 k €	-21.9%	170,8 k €	+51.4%	112,8 k €	+64.2%	68,7 k €	-1.0%	69,4 k €	-29.2%	98 k €	+35.4%	72,4 k €	+69.8%	42,7 k €	-30.5%	61,4 k €	+25.8%	48,8 k €
EBITDA	98,1 k €	+16.7%	84,1 k €	+7.1%	78,5 k €	-0.4%	78,8 k €	+29.5%	60,9 k €	+41.7%	42,9 k €	-30.4%	61,7 k €	+104%	30,3 k €	+55.5%	19,5 k €	-83.5%	118,3 k €	-23.7%	155,2 k €	+58.8%	97,7 k €	+70.3%	57,4 k €	+3.4%	55,5 k €	-15.7%	65,8 k €	+14.5%	57,5 k €	+96.9%	29,2 k €	-1.8%	29,7 k €	+51.1%	19,7 k €
Operating result	34,5 k €	+26.2%	27,3 k €	+16.2%	23,5 k €	+40.7%	16,7 k €	+581%	2,5 k €	+107%	-33 k €	-1.1%	-32,6 k €	+33.4%	-49,1 k €	-826%	-5,3 k €	-106%	95,1 k €	-19.3%	117,8 k €	+95.2%	60,4 k €	+114%	28,2 k €	+47.4%	19,1 k €	+41.5%	13,5 k €	+3.6%	13 k €	+160%	-21,8 k €	-12.7%	-19,3 k €	+34.3%	-29,4 k €
Net result	17 k €	-13.1%	19,6 k €	+7.8%	18,1 k €	+78.9%	10,1 k €	+344%	-4,2 k €	+89.6%	-39,9 k €	+0.4%	-40 k €	+5.2%	-42,2 k €	-587%	-6,1 k €	-108%	78,9 k €	-21.1%	99,9 k €	+97.9%	50,5 k €	-18.2%	61,7 k €	+66.8%	37 k €	+5.5%	35,1 k €	+1897%	-2 k €	-129%	6,8 k €	-50.8%	13,9 k €	+21.1%	11,5 k €
Balance sheet
Equity	1,3 M €	+1.3%	1,3 M €	+1.5%	1,3 M €	+1.3%	1,3 M €	-0.6%	1,3 M €	-4.8%	1,4 M €	-9.3%	1,5 M €	-7.7%	1,6 M €	+38.3%	1,2 M €	+144%	481,7 k €	+19.6%	402,8 k €	+33.0%	302,9 k €	+20.0%	252,4 k €	+26.1%	200,2 k €	+22.7%	163,1 k €	+17.2%	139,3 k €	-1.4%	141,2 k €	+5.1%	134,4 k €	+11.5%	120,5 k €
Total assets	1,8 M €	-2.5%	1,9 M €	+7.5%	1,8 M €	-3.3%	1,8 M €	-2.9%	1,9 M €	+1.3%	1,8 M €	-3.9%	1,9 M €	+3.3%	1,9 M €	+49.6%	1,2 M €	+138%	524,4 k €	+24.0%	423,1 k €	+16.8%	362,2 k €	+5.9%	342 k €	-43.6%	606 k €	-2.7%	622,9 k €	-0.2%	623,9 k €	-4.1%	650,6 k €	-5.9%	691,3 k €	+26.7%	545,5 k €
Cash	82 k €	-17.6%	99,5 k €	+1.7%	97,9 k €	+1.9%	96 k €	+7.0%	89,7 k €	-30.7%	129,4 k €	-45.1%	235,5 k €	-44.6%	424,8 k €	+4.4%	406,9 k €	+16.1%	350,6 k €	+206%	114,7 k €	+636%	15,6 k €	+0.3%	15,5 k €	-78.2%	71,2 k €	+6.4%	67 k €	+113%	31,5 k €	+21.3%	26 k €	+584%	3,8 k €	-11.8%	4,3 k €
Debts	481 k €	-12.4%	548,8 k €	+26.0%	435,6 k €	-14.9%	512,1 k €	-8.2%	558,1 k €	+19.2%	468 k €	+15.8%	404,2 k €	+87.5%	215,6 k €	+452%	39,1 k €	+251%	11,1 k €	-45.0%	20,2 k €	+4.0%	19,5 k €	+95.7%	10 k €	-96.5%	286,5 k €	-4.7%	300,6 k €	+5.2%	285,6 k €	-8.0%	310,4 k €	-2.4%	318,2 k €	+117%	146,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,2 ETP	0.0%	0,2 ETP	+100%	0,1 ETP	-50.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP	0.0%	0,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Hilde De Bruyne

Director

Active

Marc De Borger

Director

Active

Ended mandates

Hilde De Bruyne

Director · since 01 janvier 2015

Ended

Marc De Borger

Administrator - manager · since 22 mars 2004

Ended

Hilde De Bruyne

Manager

Ended

Marc De Borger

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Welvaert● Active	0720.576.772

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	30/06/2026	25/07/2025	12/07/2024	26/07/2023	30/08/2022	13/07/2021
General meeting	26/06/2026	30/06/2025	13/06/2024	29/06/2023	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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	30/06/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	25/07/2025	Dutch	PDF
Micro model	31/12/2023	13/06/2024	12/07/2024	Dutch	PDF
Micro model	31/12/2022	29/06/2023	26/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	30/08/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	13/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	30/06/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	25/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	03/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	29/01/2016	Dutch	PDF
Abridged model	31/12/2013	16/06/2014	30/09/2014	Dutch	PDF
Abridged model	31/12/2012	17/06/2013	30/09/2013	Dutch	PDF
Abridged modelCorrection	31/12/2011	18/06/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	20/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	21/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	15/06/2009	30/11/2009	Dutch	PDF
Abridged model	31/12/2007	16/06/2008	30/09/2008	Dutch	PDF
Abridged model	31/12/2006	18/06/2007	02/10/2007	Dutch	PDF
Abridged model	31/12/2005	19/06/2006	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Hilde De Bruyne

Director

Active

Marc De Borger

Director

Active

Ended mandates

Hilde De Bruyne

Director · since 01 janvier 2015

Ended

Marc De Borger

Administrator - manager · since 22 mars 2004

Ended

Hilde De Bruyne

Manager

Ended

Marc De Borger

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/10/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares23/04/2019
KAPITAAL - AANDELEN
PDF
Capital / shares30/08/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares12/05/2017
DOEL - KAPITAAL - AANDELEN
PDF
Mandates12/02/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office31/12/2004
MAATSCHAPPELIJKE ZETEL - BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
PDF
Capital / shares16/04/2004
KAPITAAL - AANDELEN - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - 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 202517 k €↓
2024
Annual accounts 202419,6 k €↑
2023
Annual accounts 202318,1 k €↑
2022
Annual accounts 202210,1 k €↑
2021
Annual accounts 2021-4,2 k €↑
2020
Annual accounts 2020-39,9 k €↑
2019
Annual accounts 2019-40 k €↑
2018
Annual accounts 2018-42,2 k €↓
2017
Annual accounts 2017-6,1 k €↓
2016
Annual accounts 201678,9 k €↓
2015
Annual accounts 201599,9 k €↑
2014
Annual accounts 201450,5 k €↓
2013
Annual accounts 201361,7 k €↑
2012
Annual accounts 201237 k €↑
2011
Annual accounts 201135,1 k €↑
2010
Annual accounts 2010-2 k €↓
2009
Annual accounts 20096,8 k €↓
2008
Annual accounts 200813,9 k €↑
2007
Annual accounts 200711,5 k €
21/01/1986
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

DE BORGER

Overview

What does DE BORGER do?

Trend over 19 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