ACTIVE

BORG

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Financial year 2025 · closed on 31/12/2025

Net result

28,7 k €

+322.2% YoY

Gross margin

79,3 k €

+220.1% YoY

Equity

309,2 k €

+10.2% YoY

What does BORG do?

BORG is a Private limited company incorporated in 2002. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.811.607

Incorporation

21/06/2002

Legal form

Private limited company

Registered office

Breestraat 26 box 4
3500 Hasselt · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood 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	79,3 k €	+220%	24,8 k €	+12.7%	22,0 k €	-59.5%	54,3 k €	-5.9%	57,7 k €	-18.6%	70,9 k €	+98.2%	35,8 k €	-24.6%	47,5 k €	-28.1%	66,0 k €	+45.9%	45,2 k €	+26.4%	35,8 k €	-37.5%	57,2 k €	+13.7%	50,3 k €	+33.8%	37,6 k €	-46.3%	70,0 k €	+18.1%	59,2 k €	+23.1%	48,1 k €	-46.0%	89,1 k €	+185%	31,3 k €	-28.5%	43,8 k €
EBITDA	78,8 k €	+263%	21,7 k €	+15.1%	18,9 k €	-63.5%	51,8 k €	-5.9%	55,0 k €	-18.7%	67,7 k €	+110%	32,3 k €	-30.5%	46,4 k €	-28.8%	65,2 k €	+46.1%	44,6 k €	+27.1%	35,1 k €	-38.0%	56,7 k €	+13.8%	49,8 k €	+34.5%	37,0 k €	-46.6%	69,3 k €	+18.3%	58,6 k €	+23.1%	47,6 k €	-46.2%	88,4 k €	+187%	30,8 k €	-28.8%	43,2 k €
Operating result	45,6 k €	+280%	12,0 k €	-19.9%	15,0 k €	-67.1%	45,4 k €	-6.4%	48,5 k €	-20.5%	61,1 k €	+135%	26,0 k €	-19.8%	32,4 k €	-38.8%	52,9 k €	+67.4%	31,6 k €	+39.1%	22,7 k €	-31.8%	33,3 k €	+21.1%	27,5 k €	+81.1%	15,2 k €	-63.6%	41,8 k €	+34.8%	31,0 k €	+41.7%	21,9 k €	-68.8%	70,0 k €	+1021%	6,3 k €	-71.2%	21,7 k €
Net result	28,7 k €	+322%	6,8 k €	-5.8%	7,2 k €	-75.7%	29,7 k €	-8.7%	32,5 k €	-21.0%	41,2 k €	+172%	15,1 k €	-28.2%	21,1 k €	-35.0%	32,4 k €	+51.1%	21,5 k €	+41.8%	15,2 k €	-33.7%	22,8 k €	+25.6%	18,2 k €	+1158%	1,4 k €	-94.4%	25,7 k €	+59.6%	16,1 k €	+4.0%	15,5 k €	-65.7%	45,1 k €	+2119%	2,0 k €	-82.8%	11,8 k €
Balance sheet
Equity	309,2 k €	+10.2%	280,5 k €	+2.5%	273,7 k €	+2.7%	266,5 k €	+12.5%	236,8 k €	+15.9%	204,2 k €	+25.3%	163,0 k €	+10.2%	147,9 k €	-45.4%	270,8 k €	+13.6%	238,4 k €	+9.9%	216,9 k €	+7.5%	201,8 k €	+12.8%	178,9 k €	+1.2%	176,7 k €	+0.8%	175,3 k €	+17.2%	149,6 k €	+12.1%	133,5 k €	+13.1%	118,0 k €	+62.0%	72,8 k €	+2.9%	70,8 k €
Total assets	448,1 k €	-3.0%	461,8 k €	+38.0%	334,7 k €	+3.3%	323,9 k €	+7.0%	302,8 k €	+14.4%	264,7 k €	+20.9%	219,0 k €	-5.7%	232,2 k €	-24.8%	308,9 k €	+19.4%	258,7 k €	+2.0%	253,6 k €	+5.0%	241,5 k €	+20.6%	200,3 k €	-0.4%	201,1 k €	-16.7%	241,5 k €	-5.0%	254,2 k €	+27.9%	198,8 k €	+0.2%	198,3 k €	+28.6%	154,1 k €	-8.7%	168,8 k €
Cash	237,1 k €	+146%	96,3 k €	-31.5%	140,6 k €	+3.0%	136,5 k €	+29.0%	105,8 k €	+43.3%	73,9 k €	-40.3%	123,7 k €	-18.1%	151,0 k €	-17.6%	183,3 k €	+49.1%	122,9 k €	+1.4%	121,2 k €	+2.8%	117,9 k €	+22.3%	96,5 k €	+28.3%	75,2 k €	-10.1%	83,6 k €	+4.0%	80,5 k €	-23.5%	105,2 k €	+5.3%	99,9 k €	+99.8%	50,0 k €	+216%	15,8 k €
Debts	138,8 k €	-23.4%	181,3 k €	+197%	61,0 k €	+6.3%	57,4 k €	-13.1%	66,1 k €	+9.2%	60,5 k €	+8.1%	56,0 k €	-33.4%	84,0 k €	+126%	37,2 k €	+90.0%	19,6 k €	-46.1%	36,3 k €	-7.5%	39,2 k €	+93.7%	20,2 k €	-14.1%	23,6 k €	-64.4%	66,2 k €	-35.9%	103,4 k €	+61.7%	63,9 k €	-16.2%	76,3 k €	-6.2%	81,3 k €	-17.1%	98,0 k €

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 · 8 ended

Active mandates

Davy Vosch

Director

Active

Geert Geys

Director

Active

Ended mandates

Davy Vosch

Director · since 01 février 2003

Ended

Davy Vosch

Manager · since 01 février 2003

Ended

Christie Provo

Manager · since 02 septembre 2002

Ended

Geert Geys

Manager · since 18 juillet 2002

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	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	31/07/2026	25/08/2025	26/09/2024	29/09/2023	25/08/2022	12/11/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
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	05/06/2026	31/07/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	25/08/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	26/09/2024	Dutch	PDF
Micro model	31/12/2022	02/06/2023	29/09/2023	Dutch	PDF
Micro model	31/12/2021	03/06/2022	25/08/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	12/11/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	29/10/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	23/08/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	28/08/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	21/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	25/08/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	04/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	05/06/2009	17/08/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	05/08/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	23/07/2007	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 · 8 ended

Active mandates

Davy Vosch

Director

Active

Geert Geys

Director

Active

Ended mandates

Davy Vosch

Director · since 01 février 2003

Ended

Davy Vosch

Manager · since 01 février 2003

Ended

Christie Provo

Manager · since 02 septembre 2002

Ended

Geert Geys

Manager · since 18 juillet 2002

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/05/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares09/02/2018
KAPITAAL - AANDELEN
PDF
Capital / shares07/01/2014
KAPITAAL - AANDELEN
PDF
Mandates12/04/2011
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office20/01/2010
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/03/2008
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/09/2003
ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF
Mandates08/05/2003
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 202528,7 k €↑
2024
Annual accounts 20246,8 k €↓
2023
Annual accounts 20237,2 k €↓
2022
Annual accounts 202229,7 k €↓
2021
Annual accounts 202132,5 k €↓
2020
Annual accounts 202041,2 k €↑
2019
Annual accounts 201915,1 k €↓
2018
Annual accounts 201821,1 k €↓
2017
Annual accounts 201732,4 k €↑
2016
Annual accounts 201621,5 k €↑
2015
Annual accounts 201515,2 k €↓
2014
Annual accounts 201422,8 k €↑
2013
Annual accounts 201318,2 k €↑
2012
Annual accounts 20121,4 k €↓
2011
Annual accounts 201125,7 k €↑
2010
Annual accounts 201016,1 k €↑
2009
Annual accounts 200915,5 k €↓
2008
Annual accounts 200845,1 k €↑
2007
Annual accounts 20072,0 k €↓
2006
Annual accounts 200611,8 k €
21/06/2002
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

BORG

Overview

What does BORG 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