ACTIVE

BORVAL.TEC

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Financial year 2025 · closed on 31/03/2025

Net result

685 k €

-22.9% YoY

Gross margin

1 M €

-29.1% YoY

Equity

2 M €

+52.8% YoY

What does BORVAL.TEC do?

BORVAL.TEC is a Public limited company incorporated in 1986. Its main activity is: Rental and leasing of other machinery, equipment and tangible goods n.e.c.. Its registered office is in Ieper.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.793.043

Incorporation

06/11/1986

Legal form

Public limited company

Registered office

Bargiestraat 38
8900 Ieper · FlandreSee on map

Contributed capital

168 655,60 €

Latest accounts

31/03/2025

Activities (NACE)

77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.· main 77399Rental and leasing of other machinery, equipment and tangible goods n.e.c.46751Wholesale of chemical products 46851Wholesale trade, except of motor vehicles and motorcycles

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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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	1 M €	-29.1%	1,5 M €	+280%	382,5 k €	+14.7%	333,6 k €	-16.0%	397 k €	+8.8%	365 k €	+13.0%	322,9 k €	-31.9%	474 k €	-48.9%	928,2 k €	+49.8%	619,4 k €	-30.7%	893,3 k €	+15.7%	772,2 k €	+12.0%	689,8 k €	-15.2%	813,8 k €	+22.7%	663,2 k €	-6.0%	705,7 k €	+0.7%	700,6 k €	+23.3%	568,2 k €	+5.8%	537,1 k €
EBITDA	1 M €	-29.2%	1,4 M €	+319%	337,7 k €	+12.2%	301,1 k €	-17.6%	365,3 k €	+34.1%	272,5 k €	-11.2%	306,8 k €	-20.7%	386,9 k €	-53.9%	840 k €	+190%	289,9 k €	-40.3%	485,5 k €	+19.0%	407,9 k €	+7.8%	378,4 k €	-24.3%	499,8 k €	+44.9%	344,9 k €	-9.4%	380,7 k €	-8.0%	413,6 k €	-18.4%	506,8 k €	+22.8%	412,6 k €
Operating result	898,5 k €	-31.5%	1,3 M €	+633%	179 k €	+23.2%	145,3 k €	+13.9%	127,6 k €	+221%	39,8 k €	+856%	4,2 k €	-95.7%	97,1 k €	-74.8%	384,8 k €	+1725%	-23,7 k €	-140%	58,7 k €	-52.8%	124,4 k €	+81.0%	68,7 k €	-53.0%	146,2 k €	+229%	44,4 k €	-37.9%	71,5 k €	+8.0%	66,2 k €	-63.5%	181,3 k €	+133%	77,9 k €
Net result	685 k €	-22.9%	888,8 k €	+579%	130,9 k €	+80.0%	72,7 k €	-12.3%	82,9 k €	+814%	-11,6 k €	+77.9%	-52,6 k €	+51.7%	-109 k €	-208%	101,1 k €	+167%	-151,4 k €	-121%	-68,4 k €	-1168%	6,4 k €	+381%	-2,3 k €	-106%	35,5 k €	+310%	8,7 k €	-32.6%	12,9 k €	+277%	-7,2 k €	-113%	-3,4 k €	-103%	101,2 k €
Balance sheet
Equity	2 M €	+52.8%	1,3 M €	+217%	409,5 k €	+46.5%	279,6 k €	+35.2%	206,9 k €	+66.9%	123,9 k €	+49.5%	82,9 k €	-38.8%	135,5 k €	-44.6%	244,5 k €	+70.4%	143,5 k €	-51.3%	294,8 k €	-18.8%	363,3 k €	+1.8%	356,9 k €	-0.6%	359,1 k €	+11.0%	323,6 k €	+2.7%	314,9 k €	+4.3%	302,1 k €	-2.3%	309,3 k €	-1.1%	312,7 k €
Total assets	3,1 M €	+34.5%	2,3 M €	+7.6%	2,2 M €	+42.6%	1,5 M €	-5.1%	1,6 M €	-9.3%	1,8 M €	-0.0%	1,8 M €	-20.0%	2,2 M €	-21.2%	2,8 M €	-12.4%	3,2 M €	-14.8%	3,7 M €	+23.0%	3 M €	-6.9%	3,3 M €	+5.2%	3,1 M €	+75.3%	1,8 M €	-22.5%	2,3 M €	+0.7%	2,3 M €	-5.4%	2,4 M €	-9.6%	2,6 M €
Cash	192,4 k €	-81.1%	1 M €	+598%	145,6 k €	+82.9%	79,6 k €	+77.8%	44,8 k €	+70.4%	26,3 k €	-34.0%	39,8 k €	+87.0%	21,3 k €	+2791%	736,2 €	+73519%	1 €	-99.7%	291 €	-98.4%	18,2 k €	-80.8%	94,9 k €	+10989%	856 €	-93.8%	13,8 k €	-29.5%	19,5 k €	+225%	6 k €	-52.6%	12,7 k €	-92.8%	176,4 k €
Debts	926,4 k €	-8.9%	1 M €	-40.2%	1,7 M €	+43.8%	1,2 M €	-11.2%	1,3 M €	-13.3%	1,5 M €	+1.6%	1,5 M €	-19.6%	1,9 M €	-20.4%	2,4 M €	-21.4%	3 M €	-11.8%	3,4 M €	+28.7%	2,6 M €	-8.0%	2,9 M €	+5.9%	2,7 M €	+101%	1,4 M €	-22.7%	1,8 M €	+0.9%	1,7 M €	-6.9%	1,9 M €	-16.5%	2,2 M €
Other
Workforce	–		–		–		–		–		–		–		1,5 ETP	-50.0%	3,0 ETP	-62.0%	7,9 ETP	-26.2%	10,7 ETP	+15.1%	9,3 ETP	+16.3%	8,0 ETP	-12.1%	9,1 ETP	-2.2%	9,3 ETP	-2.1%	9,5 ETP	+11.8%	8,5 ETP	+305%	2,1 ETP	-22.2%	2,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 11 ended

Active mandates

Koen VAN LAERE

Director

Active

Ended mandates

ERIK VAN LAERE

Managing director · since 24 septembre 2011 · until 30 septembre 2017

Ended

IRIS VAN LAERE

Director · since 24 septembre 2011 · until 30 septembre 2017

Ended

KOEN VAN LAERE

Director · since 24 septembre 2011 · until 30 septembre 2017

Ended

ERIK VAN LAERE

Managing director · since 27 septembre 2005 · until 24 septembre 2011

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/10/2025	27/09/2024	06/10/2023	30/09/2022	05/01/2022	02/10/2020
General meeting	30/09/2025	27/09/2024	30/09/2023	30/09/2022	10/11/2021	26/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	30/09/2025	14/10/2025	Dutch	PDF
Micro model	31/03/2024	27/09/2024	27/09/2024	Dutch	PDF
Micro model	31/03/2023	30/09/2023	06/10/2023	Dutch	PDF
Micro model	31/03/2022	30/09/2022	30/09/2022	Dutch	PDF
Micro model	31/03/2021	10/11/2021	05/01/2022	Dutch	PDF
Abridged model	31/03/2020	26/09/2020	02/10/2020	Dutch	PDF
Abridged model	31/03/2019	28/09/2019	30/09/2019	Dutch	PDF
Abridged model	31/03/2018	29/09/2018	02/10/2018	Dutch	PDF
Abridged model	31/03/2017	30/09/2017	17/10/2017	Dutch	PDF
Abridged model	31/03/2016	24/09/2016	26/09/2016	Dutch	PDF
Abridged model	31/03/2015	26/09/2015	12/10/2015	Dutch	PDF
Abridged model	31/03/2014	27/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	28/09/2013	19/11/2013	Dutch	PDF
Abridged model	31/03/2012	29/09/2012	12/10/2012	Dutch	PDF
Abridged model	31/03/2011	24/09/2011	13/10/2011	Dutch	PDF
Abridged model	31/03/2010	25/09/2010	15/10/2010	Dutch	PDF
Abridged model	31/03/2009	26/09/2009	14/10/2009	Dutch	PDF
Abridged model	31/03/2008	27/09/2008	24/10/2008	Dutch	PDF
Abridged model	31/03/2007	29/09/2007	05/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/03/2025 · 1 active · 11 ended

Active mandates

Koen VAN LAERE

Director

Active

Ended mandates

ERIK VAN LAERE

Managing director · since 24 septembre 2011 · until 30 septembre 2017

Ended

IRIS VAN LAERE

Director · since 24 septembre 2011 · until 30 septembre 2017

Ended

KOEN VAN LAERE

Director · since 24 septembre 2011 · until 30 septembre 2017

Ended

ERIK VAN LAERE

Managing director · since 27 septembre 2005 · until 24 septembre 2011

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other15/01/2025
DIVERSEN
PDF
Registered office30/07/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates31/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/12/2006
ONTSLAGEN - BENOEMINGEN
PDF
Registered office22/04/2004
BENAMING - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - MAATSCHAPPELIJKE ZETEL
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 2025685 k €↓
2024
Annual accounts 2024888,8 k €↑
2023
Annual accounts 2023130,9 k €↑
2022
Annual accounts 202272,7 k €↓
2021
Annual accounts 202182,9 k €↑
2020
Annual accounts 2020-11,6 k €↑
2019
Annual accounts 2019-52,6 k €↑
2018
Annual accounts 2018-109 k €↓
2017
Annual accounts 2017101,1 k €↑
2016
Annual accounts 2016-151,4 k €↓
2015
Annual accounts 2015-68,4 k €↓
2014
Annual accounts 20146,4 k €↑
2013
Annual accounts 2013-2,3 k €↓
2012
Annual accounts 201235,5 k €↑
2011
Annual accounts 20118,7 k €↓
2010
Annual accounts 201012,9 k €↑
2009
Annual accounts 2009-7,2 k €↓
2008
Annual accounts 2008-3,4 k €↓
2007
Annual accounts 2007101,2 k €
06/11/1986
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

BORVAL.TEC

Overview

What does BORVAL.TEC do?

Trend over 19 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