ACTIVE

BORMS

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Financial year 2025 · closed on 30/09/2025

Net result

101,6 k €

+31.3% YoY

Gross margin

240 k €

+51.5% YoY

Equity

2,7 M €

+0.6% YoY

What does BORMS do?

BORMS is a Private limited company incorporated in 1989. Its registered office is in Dendermonde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.170.171

Incorporation

26/12/1989

Legal form

Private limited company

Registered office

Fabriekstraat (BAA) 70
9200 Dendermonde · FlandreSee on map

Contributed capital

2 078 600,00 €

Latest accounts

30/09/2025

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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	240 k €	+51.5%	158,4 k €	-25.8%	213,6 k €	-19.2%	264,4 k €	+19.5%	221,2 k €	+25.8%	175,9 k €	+4.1%	169 k €	+16.0%	145,7 k €	-26.0%	196,8 k €	-18.4%	241,2 k €	+16.4%	207,2 k €	+16.1%	178,5 k €	+31.4%	135,8 k €	+17.1%	116 k €	-15.5%	137,3 k €	+17.3%	117,1 k €	-19.6%	145,7 k €	-4.3%	152,2 k €	-3.1%	157,1 k €
EBITDA	230,1 k €	+49.6%	153,8 k €	-26.9%	210,4 k €	-15.3%	248,5 k €	+19.2%	208,5 k €	+24.9%	166,9 k €	-0.4%	167,5 k €	+16.1%	144,3 k €	-25.6%	194 k €	-19.0%	239,7 k €	+17.4%	204,1 k €	+15.8%	176,2 k €	+31.3%	134,2 k €	+17.6%	114,2 k €	-15.4%	135 k €	+16.5%	115,8 k €	-19.2%	143,3 k €	+2.7%	139,5 k €	-1.8%	142 k €
Operating result	148,4 k €	+18.4%	125,4 k €	-29.4%	177,7 k €	-20.2%	222,7 k €	+29.0%	172,7 k €	+35.4%	127,6 k €	+2.8%	124,1 k €	+19.7%	103,6 k €	-31.1%	150,5 k €	-23.9%	197,7 k €	+15.5%	171,1 k €	+21.3%	141,1 k €	+29.3%	109,1 k €	+23.5%	88,4 k €	-20.2%	110,8 k €	+19.4%	92,8 k €	-14.0%	107,9 k €	+13.4%	95,2 k €	+6.4%	89,5 k €
Net result	101,6 k €	+31.3%	77,4 k €	-26.9%	105,9 k €	-35.8%	164,8 k €	+21.7%	135,5 k €	+40.3%	96,6 k €	-14.9%	113,5 k €	+24.0%	91,5 k €	-30.3%	131,2 k €	-18.0%	160 k €	+16.5%	137,3 k €	+23.1%	111,5 k €	+20.7%	92,4 k €	+16.6%	79,2 k €	-9.3%	87,4 k €	+16.9%	74,7 k €	-9.3%	82,4 k €	+12.8%	73 k €	+12.8%	64,7 k €
Balance sheet
Equity	2,7 M €	+0.6%	2,6 M €	+303%	654,4 k €	+13.1%	578,6 k €	+8.9%	531 k €	-5.0%	559 k €	-10.7%	625,9 k €	-47.7%	1,2 M €	+4.5%	1,1 M €	+6.6%	1,1 M €	+13.8%	944,7 k €	+14.3%	826,2 k €	+2.7%	804,7 k €	+10.5%	728,3 k €	+9.5%	665,1 k €	+12.0%	593,7 k €	+11.4%	533 k €	+12.5%	473,6 k €	+12.1%	422,6 k €
Total assets	4,8 M €	+34.9%	3,6 M €	+167%	1,3 M €	+3.7%	1,3 M €	-0.5%	1,3 M €	-10.5%	1,4 M €	-0.3%	1,5 M €	+3.8%	1,4 M €	+0.9%	1,4 M €	+2.8%	1,3 M €	+8.5%	1,2 M €	+9.7%	1,1 M €	+7.7%	1,1 M €	+4.5%	1 M €	+10.4%	913 k €	+0.9%	904,7 k €	+9.0%	830,3 k €	+2.8%	807,6 k €	-2.0%	824,4 k €
Cash	876 k €	+38.3%	633,3 k €	-2.8%	651,2 k €	+11.1%	586 k €	+5.1%	557,4 k €	-20.2%	698,3 k €	-5.8%	741,5 k €	+4.2%	711,8 k €	-0.3%	714,3 k €	-6.9%	766,9 k €	+11.7%	686,8 k €	+20.5%	570,1 k €	+0.5%	567,3 k €	+4.6%	542,5 k €	+0.8%	538,1 k €	+2.2%	526,6 k €	+21.9%	432 k €	+20.9%	357,3 k €	+17.2%	304,8 k €
Debts	2,1 M €	+137%	891,1 k €	+36.2%	654 k €	-5.3%	690,8 k €	-7.8%	749,6 k €	-13.8%	870 k €	+5.3%	826,4 k €	+318%	197,6 k €	-16.7%	237,2 k €	-12.3%	270,5 k €	-8.3%	294,9 k €	-2.8%	303,4 k €	+24.2%	244,2 k €	-10.2%	271,8 k €	+14.3%	237,9 k €	-20.7%	300 k €	+4.9%	286 k €	-11.4%	322,9 k €	-17.5%	391,3 k €
Other
Workforce	–		–		–		0,4 ETP	0.0%	0,4 ETP	+33.3%	0,3 ETP		–		–		–		–		–		–		–		–		–		–		–		0,4 ETP	-20.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 12 ended

Active mandates

BORMS MANAGEMENT

Director · 0426.247.791

Represented by Lieven Borms

Active

Marie-Jeanne Philips

Director

Active

Pierre Borms

Director

Active

Ended mandates

BORMS MANAGEMENT

Managing director · since 10 mars 2015 · 0426.247.791

Represented by PIERRE BORMS

Ended

BORMS MANAGEMENT

Managing director · since 10 mars 2015 · until 10 juillet 2023 · 0426.247.791

Represented by Lieven Borms

Ended

Pierre Borms

Managing director · since 01 juillet 2004 · until 10 juillet 2023

Ended

Marie-Jeanne Philips

Managing director · since 01 juillet 1996 · until 10 juillet 2023

Ended

At this address

Other companies at this address

Company	CBE no.
BORMS MANAGEMENT● Active	0426.247.791

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/03/2026	16/12/2024	11/03/2024	15/03/2023	11/03/2022	22/03/2021
General meeting	27/03/2026	09/12/2024	01/03/2024	03/03/2023	04/03/2022	05/03/2021
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
Abridged model	30/09/2025	27/03/2026	31/03/2026	Dutch	PDF
Abridged model	30/09/2024	09/12/2024	16/12/2024	Dutch	PDF
Abridged model	30/09/2023	01/03/2024	11/03/2024	Dutch	PDF
Abridged model	30/09/2022	03/03/2023	15/03/2023	Dutch	PDF
Abridged model	30/09/2021	04/03/2022	11/03/2022	Dutch	PDF
Abridged model	30/09/2020	05/03/2021	22/03/2021	Dutch	PDF
Abridged model	30/09/2019	06/03/2020	17/03/2020	Dutch	PDF
Abridged model	30/09/2018	01/03/2019	29/03/2019	Dutch	PDF
Abridged model	30/09/2017	02/03/2018	23/03/2018	Dutch	PDF
Abridged model	30/09/2016	03/03/2017	30/03/2017	Dutch	PDF
Abridged model	30/09/2015	04/03/2016	23/03/2016	Dutch	PDF
Abridged model	30/09/2014	06/03/2015	23/03/2015	Dutch	PDF
Abridged model	30/09/2013	07/03/2014	14/03/2014	Dutch	PDF
Abridged model	30/09/2012	01/03/2013	19/03/2013	Dutch	PDF
Abridged model	30/09/2011	30/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	04/03/2011	22/03/2011	Dutch	PDF
Abridged model	30/09/2009	05/03/2010	16/03/2010	Dutch	PDF
Abridged model	30/09/2008	06/03/2009	16/03/2009	Dutch	PDF
Abridged model	30/09/2007	07/03/2008	25/03/2008	Dutch	PDF
Abridged model	30/09/2006	02/03/2007	08/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 30/09/2025 · 3 active · 12 ended

Active mandates

BORMS MANAGEMENT

Director · 0426.247.791

Represented by Lieven Borms

Active

Marie-Jeanne Philips

Director

Active

Pierre Borms

Director

Active

Ended mandates

BORMS MANAGEMENT

Managing director · since 10 mars 2015 · 0426.247.791

Represented by PIERRE BORMS

Ended

BORMS MANAGEMENT

Managing director · since 10 mars 2015 · until 10 juillet 2023 · 0426.247.791

Represented by Lieven Borms

Ended

Pierre Borms

Managing director · since 01 juillet 2004 · until 10 juillet 2023

Ended

Marie-Jeanne Philips

Managing director · since 01 juillet 1996 · until 10 juillet 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares04/09/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates14/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates03/01/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares01/02/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates25/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/07/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office28/09/2006
MAATSCHAPPELIJKE ZETEL - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ALGEMENE VERGADERING
PDF
Mandates04/04/2005
ONTSLAGEN - BENOEMINGEN
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 2025101,6 k €↑
2024
Annual accounts 202477,4 k €↓
2023
Annual accounts 2023105,9 k €↓
2022
Annual accounts 2022164,8 k €↑
2021
Annual accounts 2021135,5 k €↑
2020
Annual accounts 202096,6 k €↓
2019
Annual accounts 2019113,5 k €↑
2018
Annual accounts 201891,5 k €↓
2017
Annual accounts 2017131,2 k €↓
2016
Annual accounts 2016160 k €↑
2015
Annual accounts 2015137,3 k €↑
2014
Annual accounts 2014111,5 k €↑
2013
Annual accounts 201392,4 k €↑
2012
Annual accounts 201279,2 k €↓
2011
Annual accounts 201187,4 k €↑
2010
Annual accounts 201074,7 k €↓
2009
Annual accounts 200982,4 k €↑
2008
Annual accounts 200873 k €↑
2007
Annual accounts 200764,7 k €
26/12/1989
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

BORMS

Overview

What does BORMS 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