NORMAL SITUATION

BORGHS FRANK

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Financial year 2025 · closed on 31/12/2025

Net result

502,4 k €

+9538.6% YoY

Gross margin

676,4 k €

+2852.5% YoY

Equity

774 k €

+172.0% YoY

Company — Normal situation.

Strike-off: 11 août 2026

What does BORGHS FRANK do?

BORGHS FRANK is a Private company with limited liability incorporated in 1993.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.547.290

Incorporation

02/03/1993

Legal form

Private company with limited liability

Contributed capital

61 500,00 €

Latest accounts

31/12/2025

Joint committees (4)

128
12806
218
340

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

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	676,4 k €	+2852%	22,9 k €	-91.9%	282,8 k €	+855%	29,6 k €	-81.7%	161,9 k €	-39.1%	265,8 k €	-10.8%	298,1 k €	-10.7%	334 k €	-0.6%	336 k €	+16.5%	288,4 k €	-17.9%	351,4 k €	-19.8%	438 k €	+0.2%	437,2 k €	+4.9%	416,8 k €	+1.6%	410,3 k €	-6.6%	439,5 k €	+7.9%	407,3 k €	+11.4%	365,7 k €	-3.8%	380,3 k €	+1.6%	374,5 k €
EBITDA	671,5 k €	+3596%	18,2 k €	-93.5%	278,3 k €	+1093%	23,3 k €	-76.4%	98,8 k €	+13.6%	87 k €	+19.8%	72,6 k €	-37.0%	115,2 k €	+10.0%	104,8 k €	+76.8%	59,3 k €	-54.1%	129,2 k €	-39.9%	215 k €	+13.1%	190,2 k €	+7.3%	177,3 k €	+40.3%	126,4 k €	-27.5%	174,4 k €	+9.2%	159,6 k €	+76.9%	90,2 k €	-45.3%	165,1 k €	+28.4%	128,6 k €
Operating result	671,5 k €	+12313%	5,4 k €	-97.8%	250,3 k €	+1597%	-16,7 k €	-131%	53,6 k €	+69.8%	31,6 k €	+325%	7,4 k €	-72.1%	26,7 k €	+127%	11,7 k €	+133%	-36,1 k €	-198%	36,8 k €	-69.3%	119,7 k €	+8.9%	110 k €	+14.6%	96 k €	+89.6%	50,6 k €	-49.2%	99,7 k €	+2.7%	97,1 k €	+93.5%	50,2 k €	-66.9%	151,5 k €	+29.6%	116,9 k €
Net result	502,4 k €	+9539%	5,2 k €	-97.1%	181,4 k €	+1330%	-14,7 k €	-137%	40,1 k €	+114%	18,8 k €	+614%	-3,7 k €	-127%	13,5 k €	+981%	-1,5 k €	+97.0%	-50,7 k €	-1096%	5,1 k €	-92.8%	70,4 k €	-4.1%	73,3 k €	+42.9%	51,3 k €	+843%	5,4 k €	-87.2%	42,6 k €	-15.1%	50,2 k €	+229%	-39 k €	-129%	133,2 k €	+86.1%	71,6 k €
Balance sheet
Equity	774 k €	+172%	284,6 k €	+1.9%	279,4 k €	+185%	98 k €	-13.1%	112,7 k €	-51.6%	232,6 k €	+8.8%	213,8 k €	-1.7%	217,5 k €	-39.4%	358,6 k €	-0.4%	360,1 k €	-12.3%	410,8 k €	+1.3%	405,7 k €	+86.3%	217,8 k €	-31.1%	316,2 k €	+19.4%	264,9 k €	-19.7%	330 k €	+14.8%	287,4 k €	+21.1%	237,2 k €	-14.1%	276,2 k €	+93.1%	143 k €
Total assets	1 M €	+184%	355 k €	-14.9%	417,1 k €	+146%	169,5 k €	-20.3%	212,8 k €	-53.6%	458,9 k €	-12.6%	525,3 k €	-4.4%	549,7 k €	-11.6%	621,6 k €	-10.8%	697 k €	-10.0%	774,7 k €	-12.4%	884,6 k €	+10.0%	804,3 k €	+14.3%	703,5 k €	-8.9%	772,5 k €	-7.5%	835,2 k €	+4.9%	796,2 k €	+32.8%	599,5 k €	+39.8%	428,9 k €	+5.0%	408,3 k €
Cash	559,7 k €	+7128%	7,7 k €	-92.1%	98 k €	+61.0%	60,9 k €	+1.8%	59,8 k €	+68.7%	35,4 k €	+10.0%	32,2 k €	+73.9%	18,5 k €	+178%	6,7 k €	+59.0%	4,2 k €	-70.8%	14,3 k €	-22.4%	18,5 k €	-68.0%	57,8 k €	+2271%	2,4 k €	+103%	1,2 k €	-79.8%	5,9 k €	-81.0%	31,3 k €	+521%	5 k €	+17.3%	4,3 k €		–
Debts	2,2 k €	-61.8%	5,6 k €	-92.2%	72,1 k €	+4.6%	68,9 k €	-30.3%	98,9 k €	-56.1%	225,5 k €	-27.4%	310,8 k €	-6.2%	331,3 k €	+26.3%	262,3 k €	-21.6%	334,6 k €	-7.5%	361,8 k €	-24.2%	477,1 k €	-18.7%	586,6 k €	+51.5%	387,3 k €	-23.7%	507,6 k €	+0.5%	505,1 k €	-0.3%	506,6 k €	+39.9%	362,3 k €	+137%	152,7 k €	-42.5%	265,3 k €
Other
Workforce	–		–		–		–		–		3,8 ETP	-2.6%	3,9 ETP	+2.6%	3,8 ETP	-7.3%	4,1 ETP	-4.7%	4,3 ETP	0.0%	4,3 ETP	0.0%	4,3 ETP	-17.3%	5,2 ETP	-11.9%	5,9 ETP	0.0%	5,9 ETP	+1.7%	5,8 ETP	0.0%	5,8 ETP	-1.7%	5,9 ETP	+5.4%	5,6 ETP	-9.7%	6,2 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

G.D.P. INVEST

Director · since 01 avril 2021 · 0453.725.517

Represented by Geert DE PRÊTRE

Active

Ended mandates

Frank BORGHS

Director · since 21 mars 2012 · until 31 mars 2021

Ended

Frank BORGHS

Managing director · since 01 juin 2004 · until 31 mai 2010

Ended

Viviane VIERSTRAETE

Director · since 01 juin 2004 · until 31 mai 2010

Ended

Frank Borghs

Managing director

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	01/01/2025	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	29/05/2026	28/07/2025	28/08/2024	03/07/2023	22/08/2022	30/03/2021
General meeting	04/05/2026	30/06/2025	26/07/2024	01/06/2023	01/06/2022	18/03/2021
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	31/12/2025	04/05/2026	29/05/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Micro model	31/12/2023	26/07/2024	28/08/2024	Dutch	PDF
Micro model	31/12/2022	01/06/2023	03/07/2023	Dutch	PDF
Micro model	31/12/2021	01/06/2022	22/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/03/2021	30/03/2021	Dutch	PDF
Abridged model	31/12/2019	02/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	05/07/2018	Dutch	PDF
Abridged model	31/12/2016	01/06/2017	31/07/2017	Dutch	PDF
Abridged model	31/12/2015	01/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	01/06/2015	30/07/2015	Dutch	PDF
Abridged model	31/12/2013	02/06/2014	21/08/2014	Dutch	PDF
Abridged model	31/12/2012	03/06/2013	08/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	23/08/2012	Dutch	PDF
Abridged model	31/12/2010	01/06/2011	23/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/06/2010	17/06/2010	Dutch	PDF
Abridged model	31/12/2008	01/06/2009	25/08/2009	Dutch	PDF
Abridged model	31/12/2007	02/06/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	10/08/2007	Dutch	PDF

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 · 6 ended

Active mandates

G.D.P. INVEST

Director · since 01 avril 2021 · 0453.725.517

Represented by Geert DE PRÊTRE

Active

Ended mandates

Frank BORGHS

Director · since 21 mars 2012 · until 31 mars 2021

Ended

Frank BORGHS

Managing director · since 01 juin 2004 · until 31 mai 2010

Ended

Viviane VIERSTRAETE

Director · since 01 juin 2004 · until 31 mai 2010

Ended

Frank Borghs

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Restructuring18/08/2026
FUSIE DOOR OVERNEMING
PDF
Restructuring22/05/2026
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office23/06/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates17/05/2021
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Capital / shares27/06/2018
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares18/03/2014
KAPITAAL - AANDELEN
PDF
Other11/04/2012
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates31/12/2010
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 2025502,4 k €↑
2024
Annual accounts 20245,2 k €↓
2023
Annual accounts 2023181,4 k €↑
2022
Annual accounts 2022-14,7 k €↓
2021
Annual accounts 202140,1 k €↑
2020
Annual accounts 202018,8 k €↑
2019
Annual accounts 2019-3,7 k €↓
2018
Annual accounts 201813,5 k €↑
2017
Annual accounts 2017-1,5 k €↑
2016
Annual accounts 2016-50,7 k €↓
2015
Annual accounts 20155,1 k €↓
2014
Annual accounts 201470,4 k €↓
2013
Annual accounts 201373,3 k €↑
2012
Annual accounts 201251,3 k €↑
2011
Annual accounts 20115,4 k €↓
2010
Annual accounts 201042,6 k €↓
2009
Annual accounts 200950,2 k €↑
2008
Annual accounts 2008-39 k €↓
2007
Annual accounts 2007133,2 k €↑
2006
Annual accounts 200671,6 k €
02/03/1993
IncorporationPrivate company with limited liability

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

BORGHS FRANK

Overview

What does BORGHS FRANK do?

Trend over 20 financial years

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