NORMAL SITUATION

BOREX

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Financial year 2025 · closed on 31/12/2025
Net result
52,8 k €
+169.7% YoY
Gross margin
59,8 k €
+12.0% YoY
Equity
213,4 k €
+32.9% YoY

Company — Normal situation.

Strike-off: 29 mai 2026

What does BOREX do?

BOREX is a Private limited company incorporated in 1987.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0431.685.731
Incorporation
30/07/1987
Legal form
Private limited company
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin59,8 k €53,4 k €26,1 k €39,9 k €53,3 k €
EBITDA57,8 k €-51,1 k €20,5 k €37,8 k €50 k €
Operating result57,8 k €-61,1 k €10,5 k €27,8 k €40 k €
Net result52,8 k €-75,7 k €10,6 k €-8,8 k €44,6 k €
Balance sheet
Equity213,4 k €160,6 k €236,3 k €225,7 k €278 k €
Total assets231,5 k €239 k €334,1 k €319,2 k €332,1 k €
Cash81,3 k €94,7 k €86,7 k €60,6 k €41,1 k €
Debts18,1 k €78,4 k €97,7 k €93,5 k €54,1 k €
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active

Active mandates

STEPHANE BORSEN

Manager

Active
Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/2021
Length of the financial year12 months12 months12 months12 months12 months
Filing date12/05/202626/08/202519/09/202401/08/202301/08/2022
General meeting31/03/202601/06/202501/06/202401/06/202301/06/2022
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202531/03/202612/05/2026FrenchPDF
Abridged model31/12/202401/06/202526/08/2025FrenchPDF
Abridged model31/12/202301/06/202419/09/2024FrenchPDF
Abridged model31/12/202201/06/202301/08/2023FrenchPDF
Abridged model31/12/202101/06/202201/08/2022FrenchPDF
Estimate

Indicative valuation

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

Active mandates

STEPHANE BORSEN

Manager

Active
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Dissolution08/06/2026
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/01/2024
    MODIFICATION FORME JURIDIQUE - OBJET - DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 2025
    Annual accounts 202552,8 k €↑
  2. 2024
    Annual accounts 2024-75,7 k €↓
  3. 2023
    Annual accounts 202310,6 k €↑
  4. 2022
    Annual accounts 2022-8,8 k €↓
  5. 2021
    Annual accounts 202144,6 k €
  6. 30/07/1987
    IncorporationPrivate limited company