ACTIVE

BORLIX

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Financial year 2025 · closed on 31/12/2025

Net result

937,1 k €

-46.6% YoY

Revenue

48,6 M €

-9.4% YoY

Equity

9 M €

+11.7% YoY

Workforce

11,1 ETP

-0.9% YoY

What does BORLIX do?

BORLIX is a Public limited company incorporated in 1998. Its main activity is: Manufacture of prepared feeds for farm animals. Its registered office is in Brugge. It employs on average 11,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0462.704.252

Incorporation

03/03/1998

Legal form

Public limited company

Registered office

Lanceloot Blondeellaan 15
8380 Brugge · FlandreSee on map

Contributed capital

1 375 000,00 €

Latest accounts

31/12/2025

Average workforce

11,1 ETP

Activities (NACE)

10910Manufacture of prepared feeds for farm animals· main 10910Manufacture of prepared feeds for farm animals 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 46216Wholesale of grain, unmanufactured tobacco, seeds and animal feeds 52241Cargo handling 52241Cargo handling

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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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
Revenue	48,6 M €	-9.4%	53,7 M €	-2.1%	54,8 M €	+12.9%	48,6 M €	+22.7%	39,6 M €	+15.6%	34,3 M €	+14.8%	29,8 M €	+1.0%	29,5 M €	+17.0%	25,2 M €	-1.1%	25,5 M €	+13.1%	22,6 M €	+0.7%	22,4 M €	-7.3%	24,2 M €	+0.6%	24 M €	+5.0%	22,9 M €	+6.3%	21,5 M €	+25.1%	17,2 M €	+13.9%	15,1 M €	+39.7%	10,8 M €	+33.6%	8,1 M €
EBITDA	3,8 M €	-24.1%	5 M €	+25.4%	4 M €	+111%	1,9 M €	+129%	824,6 k €	-53.2%	1,8 M €	+35.3%	1,3 M €	-33.4%	2 M €	+27.6%	1,5 M €	+12.1%	1,4 M €	+30.0%	1,1 M €	+33.2%	790 k €	+6.2%	743,8 k €	-20.0%	930,1 k €	-5.2%	981,4 k €	+1.7%	964,8 k €	+22.2%	789,7 k €	+23.1%	641,7 k €	+10.3%	581,8 k €	+14.8%	507 k €
Operating result	1,5 M €	-43.5%	2,7 M €	+53.7%	1,8 M €	+333%	407,7 k €	+3711%	-11,3 k €	-101%	1,4 M €	+56.8%	886,8 k €	-40.2%	1,5 M €	+32.6%	1,1 M €	+17.2%	954,4 k €	+37.1%	696,3 k €	+49.5%	465,9 k €	+16.2%	400,8 k €	-6.6%	429,2 k €	+72.2%	249,2 k €	-59.5%	616 k €	+35.6%	454,3 k €	+48.0%	306,9 k €	+29.1%	237,6 k €	+81.8%	130,7 k €
Net result	937,1 k €	-46.6%	1,8 M €	+82.0%	964,9 k €	+759%	112,4 k €	+295%	-57,6 k €	-106%	1 M €	+88.5%	551,7 k €	-42.1%	952,2 k €	+42.1%	670 k €	+19.9%	559 k €	+45.8%	383,3 k €	+58.8%	241,4 k €	+29.2%	186,8 k €	-23.6%	244,5 k €	+117%	112,5 k €	-79.1%	539,1 k €	+79.3%	300,7 k €	+112%	141,5 k €	+73.5%	81,5 k €	+579%	-17 k €
Balance sheet
Equity	9 M €	+11.7%	8 M €	+28.0%	6,3 M €	+18.2%	5,3 M €	+2.2%	5,2 M €	-1.1%	5,3 M €	+24.6%	4,2 M €	+15.0%	3,7 M €	+23.7%	3 M €	+29.2%	2,3 M €	+15.5%	2 M €	+15.9%	1,7 M €	+8.3%	1,6 M €	+5.1%	1,5 M €	+19.4%	1,3 M €	+9.8%	1,1 M €	+88.4%	609,5 k €	+97.4%	308,8 k €	+84.6%	167,3 k €	+95.0%	85,8 k €
Total assets	25,7 M €	-4.1%	26,8 M €	-12.9%	30,8 M €	+2.9%	29,9 M €	+49.4%	20 M €	+118%	9,2 M €	+12.6%	8,1 M €	+1.7%	8 M €	-11.4%	9 M €	+30.7%	6,9 M €	+6.8%	6,5 M €	+32.8%	4,9 M €	-16.2%	5,8 M €	+1.2%	5,7 M €	+16.8%	4,9 M €	-23.7%	6,5 M €	+38.7%	4,7 M €	+10.3%	4,2 M €	+8.5%	3,9 M €	+13.3%	3,4 M €
Cash	1,2 M €	-24.1%	1,6 M €	+59.3%	1 M €	+53.8%	664,3 k €	-32.8%	988,1 k €	+23.3%	801,3 k €	-71.9%	2,9 M €	+73.3%	1,6 M €	-33.7%	2,5 M €	+59.7%	1,6 M €	+46.2%	1,1 M €	+181%	378,3 k €	-57.2%	883,4 k €	+62.8%	542,7 k €	+131%	234,6 k €	-81.4%	1,3 M €	+92.9%	654,7 k €	+118%	300,5 k €	-2.0%	306,5 k €	+220%	95,9 k €
Debts	16,6 M €	-10.5%	18,5 M €	-23.3%	24,2 M €	-1.2%	24,5 M €	+65.9%	14,8 M €	+279%	3,9 M €	-0.5%	3,9 M €	-9.5%	4,3 M €	-28.6%	6,1 M €	+31.4%	4,6 M €	+7.7%	4,3 M €	+52.4%	2,8 M €	-30.4%	4 M €	-2.7%	4,1 M €	+13.2%	3,7 M €	-30.9%	5,3 M €	+47.3%	3,6 M €	-7.9%	3,9 M €	+5.0%	3,7 M €	+11.2%	3,3 M €
Other
Workforce	11,1 ETP	-0.9%	11,2 ETP	+7.7%	10,4 ETP	+5.1%	9,9 ETP	+23.8%	8,0 ETP	+14.3%	7,0 ETP	+16.7%	6,0 ETP	-4.8%	6,3 ETP	-10.0%	7,0 ETP	0.0%	7,0 ETP	+11.1%	6,3 ETP	+5.0%	6,0 ETP	+33.3%	4,5 ETP	+12.5%	4,0 ETP	0.0%	4,0 ETP	+33.3%	3,0 ETP	+50.0%	2,0 ETP	-37.5%	3,2 ETP	-5.9%	3,4 ETP	-5.6%	3,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 22 ended

Active mandates

CLAKAR

Director · since 30 juin 2025 · until 30 mai 2031 · 0752.696.541

Represented by Karel Clarebout

Active

CYRIEL MANAGEMENT

Director · since 30 juin 2025 · until 30 mai 2031 · 0772.721.103

Represented by Pascal Dehaemers

Active

Guy Maenhout

Director · since 30 juin 2025 · until 30 mai 2031

Active

KRM

Director · since 30 juin 2025 · until 30 mai 2031 · 0872.623.084

Represented by Kris Matten

Active

Mattschap

Director · since 30 juin 2025 · until 30 mai 2031 · 0772.504.436

Represented by Matthieu Maselis

Active

Patrick Maselis

Director · since 30 juin 2025 · until 30 mai 2031

Active

Ended mandates

CLAKAR

Director · since 29 septembre 2020 · until 30 juin 2025 · 0752.696.541

Represented by Karel Clarebout

Ended

Guy Maenhout

Director · since 12 novembre 2019 · until 30 juin 2025

Ended

KRM

Director · since 12 novembre 2019 · until 30 juin 2025 · 0872.623.084

Represented by Kris Matten

Ended

Patrick Maselis

Director · since 12 novembre 2019 · until 30 juin 2025

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	07/08/2026	16/07/2025	15/07/2024	05/07/2023	04/07/2022	02/06/2021
General meeting	10/07/2026	30/06/2025	12/07/2024	30/06/2023	08/06/2022	28/05/2021
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

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	10/07/2026	07/08/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	16/07/2025	Dutch	PDF
Full model	31/12/2023	12/07/2024	15/07/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	05/07/2023	Dutch	PDF
Full model	31/12/2021	08/06/2022	04/07/2022	Dutch	PDF
Full model	31/12/2020	28/05/2021	02/06/2021	Dutch	PDF
Full model	31/12/2019	29/05/2020	12/06/2020	Dutch	PDF
Full model	31/12/2018	29/07/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	27/07/2018	30/07/2018	Dutch	PDF
Full model	31/12/2016	11/08/2017	18/08/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	28/07/2016	Dutch	PDF
Full model	31/12/2014	30/06/2015	31/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	29/07/2014	Dutch	PDF
Full modelCorrection	31/12/2012	28/06/2013	18/09/2013	Dutch	PDF
Full model	31/12/2012	31/05/2013	31/07/2013	Dutch	PDF
Full model	31/12/2011	30/06/2012	31/08/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	29/07/2011	Dutch	PDF
Full model	31/12/2009	28/05/2010	30/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	25/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/05/2008	29/07/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	31/08/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 22 ended

Active mandates

CLAKAR

Director · since 30 juin 2025 · until 30 mai 2031 · 0752.696.541

Represented by Karel Clarebout

Active

CYRIEL MANAGEMENT

Director · since 30 juin 2025 · until 30 mai 2031 · 0772.721.103

Represented by Pascal Dehaemers

Active

Guy Maenhout

Director · since 30 juin 2025 · until 30 mai 2031

Active

KRM

Director · since 30 juin 2025 · until 30 mai 2031 · 0872.623.084

Represented by Kris Matten

Active

Mattschap

Director · since 30 juin 2025 · until 30 mai 2031 · 0772.504.436

Represented by Matthieu Maselis

Active

Patrick Maselis

Director · since 30 juin 2025 · until 30 mai 2031

Active

Ended mandates

CLAKAR

Director · since 29 septembre 2020 · until 30 juin 2025 · 0752.696.541

Represented by Karel Clarebout

Ended

Guy Maenhout

Director · since 12 novembre 2019 · until 30 juin 2025

Ended

KRM

Director · since 12 novembre 2019 · until 30 juin 2025 · 0872.623.084

Represented by Kris Matten

Ended

Patrick Maselis

Director · since 12 novembre 2019 · until 30 juin 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/12/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other12/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates26/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2017
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 2025937,1 k €↓
2024
Annual accounts 20241,8 M €↑
2023
Annual accounts 2023964,9 k €↑
2022
Annual accounts 2022112,4 k €↑
2021
Annual accounts 2021-57,6 k €↓
2020
Annual accounts 20201 M €↑
2019
Annual accounts 2019551,7 k €↓
2018
Annual accounts 2018952,2 k €↑
2017
Annual accounts 2017670 k €↑
2016
Annual accounts 2016559 k €↑
2015
Annual accounts 2015383,3 k €↑
2014
Annual accounts 2014241,4 k €↑
2013
Annual accounts 2013186,8 k €↓
2012
Annual accounts 2012244,5 k €↑
2011
Annual accounts 2011112,5 k €↓
2010
Annual accounts 2010539,1 k €↑
2009
Annual accounts 2009300,7 k €↑
2008
Annual accounts 2008141,5 k €↑
2007
Annual accounts 200781,5 k €↑
2006
Annual accounts 2006-17 k €
03/03/1998
IncorporationPublic 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

BORLIX

Overview

What does BORLIX do?

Trend over 20 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

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline