ACTIVE

VAN BORM

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Financial year 2025 · closed on 30/09/2025

Net result

13,7 k €

-53.7% YoY

Gross margin

56,9 k €

+13.6% YoY

Equity

212,2 k €

+6.9% YoY

What does VAN BORM do?

VAN BORM is a Private limited company incorporated in 1990. Its main activity is: Retail sale of medical and orthopaedic goods in specialised stores. Its registered office is in Dendermonde.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0441.779.570

Incorporation

30/10/1990

Legal form

Private limited company

Registered office

Brusselsestraat (DEN) 70
9200 Dendermonde · FlandreSee on map

Contributed capital

11 163,19 €

Latest accounts

30/09/2025

Activities (NACE)

47742Retail sale of medical and orthopaedic goods in specialised stores· main 47782Other retail sale of new goods in specialised stores 52485Warehousing and support activities for transportation

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	56,9 k €	+13.6%	50,1 k €	+25.5%	39,9 k €	-4.1%	41,7 k €	-20.4%	52,3 k €	+20.7%	43,3 k €	-24.3%	57,2 k €	+76.1%	32,5 k €	-35.3%	50,2 k €	+28.5%	39,1 k €	-20.9%	49,4 k €	+379%	-17,7 k €	-131%	57,2 k €	-27.8%	79,3 k €	+46.9%	54 k €	+56.6%	34,5 k €	-1.0%	34,8 k €	-25.2%	46,6 k €	+71.2%	27,2 k €
EBITDA	54,4 k €	+14.1%	47,7 k €	+27.4%	37,5 k €	-4.2%	39,1 k €	-22.0%	50,1 k €	+21.4%	41,3 k €	-25.9%	55,7 k €	+82.4%	30,5 k €	-36.3%	48 k €	+29.9%	36,9 k €	-21.7%	47,1 k €	+23.6%	38,1 k €	-29.6%	54,1 k €	-30.0%	77,4 k €	+60.4%	48,3 k €	+66.2%	29 k €	-1.5%	29,5 k €	-28.9%	41,5 k €	+84.3%	22,5 k €
Operating result	20,5 k €	-53.9%	44,5 k €	+30.5%	34,1 k €	+6.4%	32 k €	-16.0%	38,2 k €	+58.2%	24,1 k €	-34.3%	36,7 k €	+156%	14,4 k €	-46.8%	27 k €	+69.8%	15,9 k €	-39.4%	26,3 k €	+32.9%	19,8 k €	-44.4%	35,6 k €	-38.0%	57,4 k €	+186%	20,1 k €	+133%	8,6 k €	-45.1%	15,7 k €	-43.4%	27,8 k €	+228%	8,5 k €
Net result	13,7 k €	-53.7%	29,5 k €	+6.8%	27,6 k €	+2.8%	26,9 k €	-13.4%	31 k €	+25.5%	24,7 k €	-5.8%	26,2 k €	+381%	5,5 k €	-49.5%	10,8 k €	+209%	3,5 k €	-68.0%	10,9 k €	+52.6%	7,1 k €	-72.3%	25,8 k €	-42.2%	44,7 k €	+338%	10,2 k €	+1176%	800,4 €	-92.6%	10,8 k €	-46.9%	20,4 k €	+1270%	1,5 k €
Balance sheet
Equity	212,2 k €	+6.9%	198,5 k €	+17.5%	169 k €	+3.0%	164,1 k €	+5.7%	155,2 k €	+9.2%	142,2 k €	+9.8%	129,5 k €	+6.8%	121,2 k €	+0.5%	120,6 k €	+9.8%	109,8 k €	+3.3%	106,3 k €	+11.4%	95,4 k €	+8.1%	88,3 k €	-28.1%	122,8 k €	+36.3%	90,1 k €	+12.8%	79,9 k €	+1.0%	79,1 k €	+1.1%	78,3 k €	+12.0%	69,9 k €
Total assets	231,3 k €	+11.8%	206,9 k €	+8.8%	190,2 k €	-5.7%	201,7 k €	+3.7%	194,4 k €	-9.1%	214 k €	-7.9%	232,3 k €	+2.0%	227,7 k €	-6.0%	242,3 k €	-4.3%	253,3 k €	-9.0%	278,4 k €	+2.5%	271,7 k €	-3.5%	281,6 k €	-15.2%	331,9 k €	+8.8%	305 k €	+12.2%	271,7 k €	+22.0%	222,8 k €	-7.1%	239,8 k €	-3.8%	249,4 k €
Cash	59,7 k €	+318%	14,3 k €	+7.0%	13,3 k €	+31.9%	10,1 k €	-55.7%	22,8 k €	+58.3%	14,4 k €	-46.7%	27,1 k €	+36.1%	19,9 k €	-40.7%	33,5 k €	+3.6%	32,4 k €	-20.0%	40,5 k €	+12.5%	36 k €	+16.3%	31 k €	+6.7%	29 k €	+69.8%	17,1 k €	+26.6%	13,5 k €	+45.8%	9,3 k €	-38.2%	15 k €	-24.2%	19,8 k €
Debts	19,1 k €	+127%	8,4 k €	-60.3%	21,2 k €	-43.5%	37,6 k €	-2.7%	38,6 k €	-44.6%	69,7 k €	-28.1%	97 k €	-2.9%	99,9 k €	-11.8%	113,2 k €	-14.8%	132,9 k €	-18.6%	163,2 k €	-4.0%	170 k €	+26.3%	134,6 k €	-10.9%	151,1 k €	-3.6%	156,8 k €	+13.9%	137,6 k €	+48.9%	92,4 k €	-18.0%	112,8 k €	-15.1%	132,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 2 ended

Active mandates

STEFAN VAN BORM

Director

Active

Vincent Lutgens

Director

Active

Ended mandates

Vincent Lutgens

Director · since 02 janvier 2025

Ended

STEFAN VAN BORM

Manager

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	Micro 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	29/04/2026	15/05/2025	18/04/2024	28/04/2023	28/04/2022	29/04/2021
General meeting	02/03/2026	03/03/2025	04/03/2024	06/03/2023	07/03/2022	01/03/2021
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
Micro model	30/09/2025	02/03/2026	29/04/2026	Dutch	PDF
Micro model	30/09/2024	03/03/2025	15/05/2025	Dutch	PDF
Micro model	30/09/2023	04/03/2024	18/04/2024	Dutch	PDF
Micro model	30/09/2022	06/03/2023	28/04/2023	Dutch	PDF
Micro model	30/09/2021	07/03/2022	28/04/2022	Dutch	PDF
Micro model	30/09/2020	01/03/2021	29/04/2021	Dutch	PDF
Micro model	30/09/2019	02/03/2020	29/05/2020	Dutch	PDF
Micro model	30/09/2018	04/03/2019	18/04/2019	Dutch	PDF
Micro model	30/09/2017	05/03/2018	04/04/2018	Dutch	PDF
Abridged model	30/09/2016	06/03/2017	05/04/2017	Dutch	PDF
Abridged model	30/09/2015	07/03/2016	23/03/2016	Dutch	PDF
Abridged model	30/09/2014	02/03/2015	07/04/2015	Dutch	PDF
Abridged model	30/09/2013	03/03/2014	27/03/2014	Dutch	PDF
Abridged model	30/09/2012	04/03/2013	22/03/2013	Dutch	PDF
Abridged model	30/09/2011	05/03/2012	21/03/2012	Dutch	PDF
Abridged model	30/09/2010	07/03/2011	31/03/2011	Dutch	PDF
Abridged model	30/09/2009	01/03/2010	25/03/2010	Dutch	PDF
Abridged model	30/09/2008	02/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	03/03/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	05/03/2007	23/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 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 30/09/2025 · 2 active · 2 ended

Active mandates

STEFAN VAN BORM

Director

Active

Vincent Lutgens

Director

Active

Ended mandates

Vincent Lutgens

Director · since 02 janvier 2025

Ended

STEFAN VAN BORM

Manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202513,7 k €↓
2024
Annual accounts 202429,5 k €↑
2023
Annual accounts 202327,6 k €↑
2022
Annual accounts 202226,9 k €↓
2021
Annual accounts 202131 k €↑
2020
Annual accounts 202024,7 k €↓
2019
Annual accounts 201926,2 k €↑
2018
Annual accounts 20185,5 k €↓
2017
Annual accounts 201710,8 k €↑
2016
Annual accounts 20163,5 k €↓
2015
Annual accounts 201510,9 k €↑
2014
Annual accounts 20147,1 k €↓
2013
Annual accounts 201325,8 k €↓
2012
Annual accounts 201244,7 k €↑
2011
Annual accounts 201110,2 k €↑
2010
Annual accounts 2010800,4 €↓
2009
Annual accounts 200910,8 k €↓
2008
Annual accounts 200820,4 k €↑
2007
Annual accounts 20071,5 k €
30/10/1990
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

VAN BORM

Overview

What does VAN BORM 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

Similar companies

Similar companies

Timeline