BOREAL
0444.041.353 · rovalta.com · 22/09/2026
ACTIVE
BOREAL
Financial year 2025 · closed on 31/12/2025
Net result
-13 k €
-555.3% YoY
Gross margin
-5,7 k €
-144.8% YoY
Equity
108,7 k €
-10.7% YoY
Overview
What does BOREAL do?
BOREAL is a Private limited company incorporated in 1991. Its main activity is: Management consultancy activities. Its registered office is in Liège.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0444.041.353
Incorporation
05/05/1991
Legal form
Private limited company
Registered office
Rue de Joie 39
4000 Liège · WallonieSee on map
4000 Liège · WallonieSee on map
Contributed capital
7 605,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities74142Specialised design activities69202Accounting, bookkeeping and auditing activities; tax consultancy69209Accounting, bookkeeping and auditing activities; tax consultancy74121Specialised design activities
Signals
Solid equityLow riskGood liquidity
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | -5,7 k € | -145% | 12,8 k € | +9.5% | 11,7 k € | -43.9% | 20,9 k € | +113% | 9,8 k € | -20.8% | 12,3 k € | -40.3% | 20,7 k € | +240% | 6,1 k € | +178% | 2,2 k € | -37.6% | 3,5 k € | -11.6% | 4 k € | -71.8% | 14,1 k € | +28.0% | 11 k € | +61.8% | 6,8 k € | +2.8% | 6,6 k € | -49.5% | 13,1 k € | +37.9% | 9,5 k € | -32.3% | 14 k € | +129% | 6,1 k € | -36.4% | 9,6 k € |
| EBITDA | -6,4 k € | -153% | 12 k € | +8.0% | 11,1 k € | -45.4% | 20,3 k € | +126% | 9 k € | -25.0% | 12 k € | -39.9% | 19,9 k € | +277% | 5,3 k € | +226% | 1,6 k € | -48.7% | 3,2 k € | -7.1% | 3,4 k € | -74.8% | 13,5 k € | +29.6% | 10,4 k € | +67.4% | 6,2 k € | +5.6% | 5,9 k € | -52.5% | 12,4 k € | +39.1% | 8,9 k € | -32.6% | 13,3 k € | +138% | 5,6 k € | -38.7% | 9,1 k € |
| Operating result | -12,9 k € | -334% | 5,5 k € | -31.2% | 8 k € | -59.0% | 19,5 k € | +153% | 7,7 k € | -28.0% | 10,7 k € | -42.6% | 18,7 k € | +273% | 5 k € | +276% | 1,3 k € | -48.6% | 2,6 k € | -12.6% | 3 k € | -77.4% | 13,1 k € | +29.4% | 10,1 k € | +98.6% | 5,1 k € | +1226% | -452 € | -108% | 5,9 k € | -21.3% | 7,5 k € | -39.8% | 12,5 k € | +247% | 3,6 k € | +4.3% | 3,5 k € |
| Net result | -13 k € | -555% | 2,8 k € | -36.8% | 4,5 k € | -60.1% | 11,3 k € | +193% | 3,8 k € | -34.5% | 5,9 k € | -54.4% | 12,9 k € | +340% | 2,9 k € | +765% | 338,6 € | -73.1% | 1,3 k € | -9.5% | 1,4 k € | -84.9% | 9,2 k € | +32.0% | 7 k € | +89.5% | 3,7 k € | +96.0% | 1,9 k € | -22.2% | 2,4 k € | -42.5% | 4,2 k € | -44.3% | 7,5 k € | +303% | 1,9 k € | +70.3% | 1,1 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 108,7 k € | -10.7% | 121,7 k € | +2.4% | 118,8 k € | +3.9% | 114,3 k € | +11.0% | 103 k € | +3.9% | 99,2 k € | +6.3% | 93,3 k € | +16.0% | 80,4 k € | +3.8% | 77,5 k € | +0.4% | 77,1 k € | +1.7% | 75,9 k € | +1.9% | 74,5 k € | +14.1% | 65,3 k € | +12.0% | 58,3 k € | +6.7% | 54,6 k € | +3.6% | 52,7 k € | +4.8% | 50,3 k € | +9.1% | 46,1 k € | +19.6% | 38,6 k € | +5.1% | 36,7 k € |
| Total assets | 120,1 k € | -12.3% | 136,8 k € | -6.1% | 145,7 k € | +4.4% | 139,6 k € | +18.8% | 117,5 k € | +3.8% | 113,2 k € | +9.1% | 103,8 k € | -0.7% | 104,5 k € | +23.9% | 84,3 k € | -1.0% | 85,2 k € | +1.2% | 84,2 k € | -2.4% | 86,3 k € | +16.3% | 74,2 k € | +5.7% | 70,2 k € | +10.2% | 63,7 k € | -3.0% | 65,7 k € | +11.2% | 59,1 k € | +3.9% | 56,8 k € | +21.3% | 46,9 k € | +4.1% | 45 k € |
| Cash | 22 k € | -75.1% | 88,4 k € | +20.8% | 73,2 k € | +2.8% | 71,2 k € | -3.2% | 73,6 k € | -4.4% | 76,9 k € | +15.6% | 66,6 k € | -14.4% | 77,7 k € | +20.1% | 64,7 k € | -6.3% | 69,1 k € | -2.5% | 70,8 k € | +17.4% | 60,3 k € | +6.2% | 56,8 k € | +25.8% | 45,2 k € | -5.5% | 47,8 k € | -1.6% | 48,6 k € | -7.7% | 52,7 k € | +28.7% | 40,9 k € | +91.7% | 21,3 k € | +23.5% | 17,3 k € |
| Debts | 11,4 k € | -25.1% | 15,2 k € | -43.6% | 26,9 k € | +6.4% | 25,3 k € | +74.6% | 14,5 k € | +2.9% | 14,1 k € | +34.5% | 10,5 k € | -56.5% | 24,1 k € | +253% | 6,8 k € | -15.1% | 8 k € | -3.4% | 8,3 k € | -29.5% | 11,8 k € | +32.0% | 8,9 k € | -25.1% | 11,9 k € | +30.6% | 9,1 k € | -29.7% | 13 k € | +47.9% | 8,8 k € | -18.2% | 10,7 k € | +29.6% | 8,3 k € | -0.2% | 8,3 k € |
Estimate
Indicative valuation
As an indication, this company is worth
between 100 k€ and 250 k€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 2 ended
Active mandates
Didier JORIS
ActiveEnded mandates
Didier JORIS
EndedDidier JORIS
EndedFinancials
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 | 12/08/2026 | 26/08/2025 | 12/08/2024 | 09/08/2023 | 26/08/2022 | 17/08/2021 |
| General meeting | 19/05/2026 | 20/05/2025 | 21/05/2024 | 16/05/2023 | 17/05/2022 | 18/05/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 19/05/2026 | 12/08/2026 | French | |
| Micro model | 31/12/2024 | 20/05/2025 | 26/08/2025 | French | |
| Micro model | 31/12/2023 | 21/05/2024 | 12/08/2024 | French | |
| Micro model | 31/12/2022 | 16/05/2023 | 09/08/2023 | French | |
| Micro model | 31/12/2021 | 17/05/2022 | 26/08/2022 | French | |
| Micro model | 31/12/2020 | 18/05/2021 | 17/08/2021 | French | |
| Micro model | 31/12/2019 | 19/05/2020 | 30/09/2020 | French | |
| Micro model | 31/12/2018 | 21/05/2019 | 10/07/2019 | French | |
| Micro model | 31/12/2017 | 15/05/2018 | 01/06/2018 | French | |
| Micro model | 31/12/2016 | 16/05/2017 | 13/06/2017 | French | |
| Abridged model | 31/12/2015 | 17/05/2016 | 25/07/2016 | French | |
| Abridged model | 31/12/2014 | 19/05/2015 | 31/08/2015 | French | |
| Abridged model | 31/12/2013 | 20/05/2014 | 18/08/2014 | French | |
| Abridged model | 31/12/2012 | 21/05/2013 | 19/07/2013 | French | |
| Abridged model | 31/12/2011 | 15/05/2012 | 27/08/2012 | French | |
| Abridged model | 31/12/2010 | 17/05/2011 | 23/08/2011 | French | |
| Abridged model | 31/12/2009 | 18/05/2010 | 31/08/2010 | French | |
| Abridged model | 31/12/2008 | 19/05/2009 | 30/07/2009 | French | |
| Abridged model | 31/12/2007 | 20/05/2008 | 10/07/2008 | French | |
| Abridged model | 31/12/2006 | 15/05/2007 | 29/08/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 100 k€ and 250 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 2 ended
Active mandates
Didier JORIS
ActiveEnded mandates
Didier JORIS
EndedDidier JORIS
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025-13 k €↓
- 2024Annual accounts 20242,8 k €↓
- 2023Annual accounts 20234,5 k €↓
- 2023Name changeBOREAL SC
- 2022Annual accounts 202211,3 k €↑
- 2021Annual accounts 20213,8 k €↓
- 2021Name changeBOREAL
- 2020Annual accounts 20205,9 k €↓
- 2019Annual accounts 201912,9 k €↑
- 2018Annual accounts 20182,9 k €↑
- 2017Annual accounts 2017338,6 €↓
- 2016Annual accounts 20161,3 k €↓
- 2015Annual accounts 20151,4 k €↓
- 2014Annual accounts 20149,2 k €↑
- 2013Annual accounts 20137 k €↑
- 2012Annual accounts 20123,7 k €↑
- 2011Annual accounts 20111,9 k €↓
- 2010Annual accounts 20102,4 k €↓
- 2009Annual accounts 20094,2 k €↓
- 2008Annual accounts 20087,5 k €↑
- 2007Annual accounts 20071,9 k €↑
- 2006Annual accounts 20061,1 k €
- 05/05/1991IncorporationPrivate limited company