ACTIVE

BOREALIS FINANCIAL SERVICES

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Financial year 2025 · Closed on 31/12/2025

Net result11,5 M €-21,6 %over 1 year
Revenue1,4 M €+36,9 %over 1 year
Equity226,4 M €+5,4 %over 1 year

Identity

Source · BCE/KBO

BOREALIS FINANCIAL SERVICES is a Public limited company incorporated in 1994. Its main activity is: Other activities auxiliary to financial services, except insurance and pension funding. Its registered office is in Mechelen.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0452.160.253
Incorporation
23/02/1994
Legal form
Public limited company
Registered office
Schaliënhoevedreef 20 box G
2800 Mechelen · FlandreSee on map
Contributed capital
99 189 000,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 207
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue1,4 M €1 M €1,7 M €1,4 M €1,2 M €
EBITDA653,3 k €304,4 k €522,7 k €488,3 k €431,1 k €
Operating result653,3 k €304,4 k €522,7 k €488,3 k €431,1 k €
Net result11,5 M €14,7 M €11,5 M €2,6 M €1,6 M €
Balance sheet
Equity226,4 M €214,9 M €200,2 M €188,7 M €186,1 M €
Total assets378,5 M €294,9 M €701,6 M €499,8 M €906,9 M €
Cash14,6 M €23 M €243,5 M €96,6 M €112,1 M €
Debts152,1 M €70,3 M €501,2 M €311,1 M €720,5 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 15 ended

Active mandates

Eddy Jacqmotte

Director · since 11 juillet 2025 · until 11 mai 2032

Active
Koen Timmermans

Director · since 03 mars 2021 · until 11 mai 2027

Active
Koen Peeters

Director · since 10 mars 2020 · until 12 mai 2026

Active
Nathalie Rigouts

Director · since 10 mars 2020 · until 30 avril 2025

Active

Ended mandates

Koen Timmermans

Director · since 03 mars 2021 · until 02 mars 2027

Ended
Koen Peeters

Director · since 10 mars 2020 · until 03 mars 2026

Ended
Nathalie Rigouts

Director · since 10 mars 2020 · until 03 mars 2026

Ended
Koen Timmermans

Director · since 03 mars 2015 · until 02 mars 2021

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/09/202610/06/202513/06/202410/03/202317/03/202215/03/2021
General meeting12/05/202613/05/202514/05/202407/03/202301/03/202202/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full modelCorrection31/12/202512/05/202607/09/2026DutchPDF
Full model31/12/202512/05/202611/06/2026DutchPDF
Full model31/12/202413/05/202510/06/2025DutchPDF
Full model31/12/202314/05/202413/06/2024DutchPDF
Full model31/12/202207/03/202310/03/2023DutchPDF
Full model31/12/202101/03/202217/03/2022DutchPDF
Full model31/12/202002/03/202115/03/2021DutchPDF
Full model31/12/201909/03/202016/03/2020DutchPDF
Full model31/12/201805/03/201921/03/2019DutchPDF
Full model31/12/201706/03/201813/03/2018DutchPDF
Full model31/12/201607/03/201713/03/2017DutchPDF
Full model31/12/201501/03/201611/03/2016DutchPDF
Full model31/12/201403/03/201509/03/2015DutchPDF
Full model31/12/201304/03/201421/03/2014DutchPDF
Full model31/12/201205/03/201318/03/2013DutchPDF
Full model31/12/201106/03/201214/03/2012DutchPDF
Full model31/12/201001/03/201121/03/2011DutchPDF
Full model31/12/200902/03/201030/03/2010DutchPDF
Full model31/12/200803/03/200930/03/2009DutchPDF
Full model31/12/200704/03/200813/03/2008DutchPDF
Full model31/12/200606/03/200716/03/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 15 ended

Active mandates

Eddy Jacqmotte

Director · since 11 juillet 2025 · until 11 mai 2032

Active
Koen Timmermans

Director · since 03 mars 2021 · until 11 mai 2027

Active
Koen Peeters

Director · since 10 mars 2020 · until 12 mai 2026

Active
Nathalie Rigouts

Director · since 10 mars 2020 · until 30 avril 2025

Active

Ended mandates

Koen Timmermans

Director · since 03 mars 2021 · until 02 mars 2027

Ended
Koen Peeters

Director · since 10 mars 2020 · until 03 mars 2026

Ended
Nathalie Rigouts

Director · since 10 mars 2020 · until 03 mars 2026

Ended
Koen Timmermans

Director · since 03 mars 2015 · until 02 mars 2021

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates15/06/2026
    DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/07/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/01/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates31/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/03/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/05/2020
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 12/05/2026
    reconductionKoen Peeters — bestuurder
  2. 12/05/2026
    nominationHerwig Carmans — vaste vertegenwoordiger (commissaris)
  3. 2025
    Annual accounts 202511,5 M €↓
  4. 14/07/2025
    nominationEddy Jacqmotte — bestuurder
  5. 2024
    Annual accounts 202414,7 M €↑
  6. 2023
    Annual accounts 202311,5 M €↑
  7. 07/03/2023
    nominationKPMG Bedrijfsrevisoren BVISRL — commissaris
  8. 07/03/2023
    nominationHerwig Carmans — vaste vertegenwoordiger
  9. 2022
    Annual accounts 20222,6 M €↑
  10. 2021
    Annual accounts 20211,6 M €↑
  11. 2020
    Annual accounts 2020512,4 k €↓
  12. 2019
    Annual accounts 20191,6 M €↑
  13. 2018
    Annual accounts 2018653,4 k €↓
  14. 2017
    Annual accounts 20172,2 M €↓
  15. 2015
    Annual accounts 20155,7 M €↓
  16. 2014
    Annual accounts 20146,5 M €↓
  17. 2013
    Annual accounts 20139,3 M €↓
  18. 2012
    Annual accounts 201211,1 M €↑
  19. 2011
    Annual accounts 201111 M €↑
  20. 2010
    Annual accounts 20106,9 M €↑
  21. 2009
    Annual accounts 20095,8 M €↑
  22. 2008
    Annual accounts 20085,6 M €
  23. 23/02/1994
    IncorporationPublic limited company