ACTIVE

BORLUUT

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Financial year 2025 · closed on 31/12/2025

Net result

25,3 k €

-43.9% YoY

Gross margin

369,8 k €

-6.7% YoY

Equity

119,3 k €

-8.9% YoY

Workforce

7,8 ETP

-9.3% YoY

What does BORLUUT do?

BORLUUT is a Private limited company incorporated in 2000. Its registered office is in Gent. It employs on average 7,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0471.794.538

Incorporation

02/05/2000

Legal form

Private limited company

Registered office

Korenmarkt 7
9000 Gent · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

7,8 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	369,8 k €	-6.7%	396,1 k €	+23.6%	320,6 k €	+26.6%	253,2 k €	-1.4%	256,7 k €	+296%	64,9 k €	-70.6%	220,6 k €	-5.8%	234,1 k €	+9.5%	213,7 k €	+4.9%	203,8 k €	+8.1%	188,6 k €	-4.4%	197,3 k €	-10.5%	220,4 k €	+19.1%	185,1 k €	+2.6%	180,4 k €	+7.5%	167,8 k €	+89.9%	88,3 k €	-47.5%	168,3 k €	+5.3%	159,8 k €	-97.7%	6,8 M €
EBITDA	57,4 k €	-34.2%	87,3 k €	+724%	-14 k €	+8.3%	-15,3 k €	-110%	151,7 k €	+2710%	-5,8 k €	-108%	76 k €	+27.2%	59,7 k €	+58.4%	37,7 k €	+15.6%	32,6 k €	-40.1%	54,4 k €	-1.6%	55,3 k €	-10.3%	61,7 k €	+12.1%	55 k €	-19.0%	67,9 k €	-19.0%	83,8 k €	+183%	29,6 k €	-42.0%	51,1 k €	-50.2%	102,5 k €	-94.5%	1,9 M €
Operating result	34,4 k €	-39.5%	56,9 k €	+507%	-14 k €	+74.6%	-55 k €	-150%	109,5 k €	+333%	-46,9 k €	-241%	33,3 k €	+50.4%	22,1 k €	+117%	10,2 k €	+86.8%	5,5 k €	-64.8%	15,5 k €	-10.1%	17,2 k €	-32.8%	25,6 k €	+99.2%	12,9 k €	-49.3%	25,3 k €	-41.7%	43,4 k €	+579%	-9,1 k €	-170%	12,9 k €	-55.6%	29 k €	+103%	-1,1 M €
Net result	25,3 k €	-43.9%	45,1 k €	+279%	-25,3 k €	+60.7%	-64,2 k €	-170%	92,1 k €	+274%	-52,9 k €	-355%	20,7 k €	+48.1%	14 k €	+297%	3,5 k €	+599%	505,3 €	-93.4%	7,6 k €	-1.6%	7,7 k €	-43.1%	13,6 k €	+266%	3,7 k €	-80.6%	19,1 k €	-45.0%	34,8 k €	+286%	-18,7 k €	-1009%	2,1 k €	-89.8%	20,2 k €	+103%	-633,1 k €
Balance sheet
Equity	119,3 k €	-8.9%	131 k €	+52.5%	85,9 k €	-22.7%	111,1 k €	-36.6%	175,4 k €	+111%	83,3 k €	-38.9%	136,2 k €	+18.0%	115,5 k €	+13.8%	101,5 k €	+3.6%	97,9 k €	+0.5%	97,4 k €	+8.5%	89,8 k €	+9.4%	82,1 k €	+19.8%	68,5 k €	+5.7%	64,8 k €	+41.9%	45,7 k €	+318%	10,9 k €	-63.1%	29,6 k €	+7.5%	27,5 k €	-96.2%	732,9 k €
Total assets	243,3 k €	-21.9%	311,4 k €	+33.0%	234,1 k €	-23.0%	304,2 k €	-19.1%	375,9 k €	+41.7%	265,4 k €	-12.0%	301,6 k €	-0.7%	303,6 k €	+42.1%	213,7 k €	+13.8%	187,8 k €	+6.7%	176 k €	-5.8%	186,9 k €	-10.6%	209,1 k €	-8.2%	227,7 k €	-10.5%	254,5 k €	-3.4%	263,4 k €	+7.4%	245,2 k €	-13.9%	284,9 k €	-14.8%	334,5 k €	-97.1%	11,6 M €
Cash	154,3 k €	-11.3%	174 k €	+134%	74,4 k €	-53.7%	160,8 k €	-30.2%	230,4 k €	+251%	65,6 k €	+22.3%	53,7 k €	-54.8%	118,7 k €	+37.9%	86,1 k €	-2.1%	87,9 k €	-7.9%	95,4 k €	+12.1%	85,1 k €	+5.2%	80,9 k €	+30.6%	61,9 k €	+13.5%	54,6 k €	-46.0%	101,1 k €	+126%	44,8 k €	-11.2%	50,5 k €	-12.9%	57,9 k €	-96.7%	1,8 M €
Debts	103,4 k €	-17.1%	124,8 k €	-15.8%	148,3 k €	-15.2%	174,7 k €	-9.3%	192,7 k €	+5.8%	182,1 k €	+20.8%	150,7 k €	-17.4%	182,5 k €	+80.1%	101,4 k €	+12.9%	89,8 k €	+17.2%	76,6 k €	-7.0%	82,4 k €	-31.9%	121 k €	-17.7%	147 k €	-8.5%	160,6 k €	-23.6%	210,2 k €	-8.4%	229,6 k €	-8.6%	251,1 k €	-14.6%	293,9 k €	-97.3%	10,8 M €
Other
Workforce	7,8 ETP	-9.3%	8,6 ETP	+1.2%	8,5 ETP	-3.4%	8,8 ETP	+66.0%	5,3 ETP	+12.8%	4,7 ETP	-27.7%	6,5 ETP	+10.2%	5,9 ETP	-3.3%	6,1 ETP	+10.9%	5,5 ETP	+41.0%	3,9 ETP	-7.1%	4,2 ETP	-16.0%	5,0 ETP	+11.1%	4,5 ETP	+9.8%	4,1 ETP	+32.3%	3,1 ETP	+63.2%	1,9 ETP	-53.7%	4,1 ETP	+116%	1,9 ETP	-13.6%	2,2 ETP

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 31/12/2025 · 2 active · 4 ended

Active mandates

FILIP BINGE

Mandate

Active

MARIELLA ALIPHON

Mandate

Active

Ended mandates

FILIP BINGE

Director

Ended

FILIP BINGE

Manager

Ended

MARIELLA ALIPHON

Director

Ended

MARIELLA ALIPHON

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	27/08/2026	22/08/2025	28/06/2024	30/06/2023	28/07/2022	30/06/2021
General meeting	31/07/2026	31/07/2025	15/06/2024	31/05/2023	30/06/2022	31/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/07/2026	27/08/2026	Dutch	PDF
Abridged model	31/12/2024	31/07/2025	22/08/2025	Dutch	PDF
Abridged model	31/12/2023	15/06/2024	28/06/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	28/07/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	30/06/2021	Dutch	PDF
Abridged model	31/12/2019	20/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	23/07/2019	Dutch	PDF
Abridged model	31/12/2017	31/05/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	15/06/2015	08/07/2015	Dutch	PDF
Abridged model	31/12/2013	31/05/2014	03/07/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	28/06/2013	Dutch	PDF
Abridged model	31/12/2011	20/06/2012	13/07/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	24/06/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	16/07/2010	Dutch	PDF
Abridged model	31/12/2008	31/05/2009	24/06/2009	Dutch	PDF
Abridged model	31/12/2007	30/06/2008	10/07/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	20/06/2007	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 31/12/2025 · 2 active · 4 ended

Active mandates

FILIP BINGE

Mandate

Active

MARIELLA ALIPHON

Mandate

Active

Ended mandates

FILIP BINGE

Director

Ended

FILIP BINGE

Manager

Ended

MARIELLA ALIPHON

Director

Ended

MARIELLA ALIPHON

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other04/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates02/07/2007
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 202525,3 k €↓
2024
Annual accounts 202445,1 k €↑
2023
Annual accounts 2023-25,3 k €↑
2022
Annual accounts 2022-64,2 k €↓
2021
Annual accounts 202192,1 k €↑
2020
Annual accounts 2020-52,9 k €↓
2019
Annual accounts 201920,7 k €↑
2018
Annual accounts 201814 k €↑
2017
Annual accounts 20173,5 k €↑
2016
Annual accounts 2016505,3 €↓
2015
Annual accounts 20157,6 k €↓
2014
Annual accounts 20147,7 k €↓
2013
Annual accounts 201313,6 k €↑
2012
Annual accounts 20123,7 k €↓
2011
Annual accounts 201119,1 k €↓
2010
Annual accounts 201034,8 k €↑
2009
Annual accounts 2009-18,7 k €↓
2008
Annual accounts 20082,1 k €↓
2007
Annual accounts 200720,2 k €↑
2006
Annual accounts 2006-633,1 k €
02/05/2000
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

BORLUUT

Overview

What does BORLUUT 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