ACTIVE

BORSU

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Financial year 2025 · closed on 31/03/2025

Net result

137,4 k €

+142.6% YoY

Gross margin

463,3 k €

+22.3% YoY

Equity

909 k €

+17.8% YoY

Workforce

1,0 ETP

0.0% YoY

What does BORSU do?

BORSU is a Private limited company incorporated in 2003. Its main activity is: Raising of dairy cattle. Its registered office is in Gesves. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.866.720

Incorporation

27/03/2003

Legal form

Private limited company

Registered office

Borsu 2
5340 Gesves · WallonieSee on map

Contributed capital

150 000,00 €

Latest accounts

31/03/2025

Average workforce

1,0 ETP

Activities (NACE)

01410Raising of dairy cattle· main 01610Support activities for crop production 01610Support activities for crop production 42110Construction of roads and motorways 42110Construction of roads and motorways 43120Site preparation+6

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	463,3 k €	+22.3%	378,9 k €	+8.8%	348,3 k €	-17.5%	422,3 k €	+2.6%	411,6 k €	+45.5%	282,9 k €	-33.5%	425,4 k €	+35.2%	314,7 k €	+17.2%	268,6 k €	+72.1%	156,1 k €	-14.3%	182 k €	-8.5%	199 k €	-16.4%	238,1 k €	+69.8%	140,2 k €	-35.2%	216,2 k €	+15.3%	187,4 k €	-14.9%	220,3 k €	-10.2%	245,4 k €	+23.9%	198,1 k €
EBITDA	417,7 k €	+27.1%	328,6 k €	+5.6%	311,1 k €	-19.7%	387,6 k €	+3.0%	376,1 k €	+37.6%	273,3 k €	-33.9%	413,2 k €	+31.3%	314,6 k €	+17.5%	267,7 k €	+71.8%	155,8 k €	-14.3%	181,8 k €	-8.5%	198,8 k €	-16.4%	237,9 k €	+69.9%	140 k €	-35.2%	216 k €	+15.3%	187,3 k €	-6.5%	200,2 k €	-18.3%	245,1 k €	+24.0%	197,6 k €
Operating result	205,3 k €	+98.9%	103,2 k €	+41.5%	72,9 k €	-54.3%	159,6 k €	+24.5%	128,2 k €	+1044%	11,2 k €	-90.4%	116,2 k €	+74.4%	66,6 k €	+212%	21,4 k €	+126%	-80,9 k €	-30.7%	-61,9 k €	-156%	-24,2 k €	-313%	11,4 k €	+124%	-47,6 k €	-146%	-19,3 k €	+73.9%	-74,1 k €	-8.7%	-68,2 k €	-1029%	-6 k €	+88.2%	-51 k €
Net result	137,4 k €	+143%	56,7 k €	+30.5%	43,4 k €	-63.7%	119,7 k €	+40.1%	85,4 k €	+42048%	202,6 €	-99.8%	96,1 k €	+60.5%	59,9 k €	+337%	13,7 k €	+116%	-84,3 k €	-982%	9,6 k €	-89.5%	90,9 k €	-2.3%	93,1 k €	+38.3%	67,3 k €	+724%	-10,8 k €	+88.7%	-95,6 k €	-284%	52 k €	+19.2%	43,6 k €	+239%	-31,3 k €
Balance sheet
Equity	909 k €	+17.8%	771,5 k €	+7.9%	714,9 k €	+6.5%	671,5 k €	+21.7%	551,8 k €	+18.3%	466,4 k €	+0.0%	466,2 k €	+26.0%	370,1 k €	+19.3%	310,2 k €	+4.6%	296,5 k €	-22.1%	380,8 k €	+2.6%	371,3 k €	+32.4%	280,4 k €	+49.7%	187,3 k €	+56.1%	120 k €	+48.6%	80,8 k €	-54.2%	176,4 k €	+41.8%	124,4 k €	+54.0%	80,8 k €
Total assets	1,8 M €	-14.9%	2,1 M €	+34.4%	1,6 M €	+3.7%	1,5 M €	+7.4%	1,4 M €	+2.2%	1,4 M €	-7.0%	1,5 M €	+7.7%	1,4 M €	+20.7%	1,1 M €	-17.6%	1,4 M €	-8.2%	1,5 M €	+20.6%	1,3 M €	-18.5%	1,5 M €	+30.0%	1,2 M €	-3.3%	1,2 M €	+0.2%	1,2 M €	-22.0%	1,6 M €	+14.1%	1,4 M €	+34.1%	1 M €
Cash	200,6 k €	+2077%	9,2 k €	+1563%	554,1 €	-99.7%	215,2 k €	+197%	72,4 k €	-32.5%	107,4 k €	+86.5%	57,6 k €	+39360%	145,9 €	-99.8%	91,9 k €	+207%	29,9 k €	-17.4%	36,2 k €	-63.7%	99,8 k €	+423%	19,1 k €	-37.5%	30,5 k €	-18.4%	37,4 k €	+868%	3,9 k €	-59.2%	9,5 k €	-92.1%	119,7 k €	+1876%	6,1 k €
Debts	889,8 k €	-33.3%	1,3 M €	+58.7%	840,3 k €	+2.8%	817,7 k €	-0.6%	822,9 k €	-9.7%	911,3 k €	-9.9%	1 M €	+1.6%	995,2 k €	+21.7%	817,8 k €	-23.5%	1,1 M €	-3.0%	1,1 M €	+30.8%	842,9 k €	-31.3%	1,2 M €	+24.4%	985,7 k €	-9.6%	1,1 M €	-3.0%	1,1 M €	-17.9%	1,4 M €	+9.8%	1,2 M €	+33.1%	936,1 k €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–		–		1,0 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 1 ended

Active mandates

Jean-François DEBARSY

Director

Active

Ended mandates

Jean-François DEBARSY

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	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/10/2025	30/10/2024	31/10/2023	28/10/2022	29/11/2021	29/10/2020
General meeting	30/10/2025	29/10/2024	12/09/2023	13/09/2022	14/09/2021	27/10/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2025	30/10/2025	31/10/2025	French	PDF
Abridged model	31/03/2024	29/10/2024	30/10/2024	French	PDF
Abridged model	31/03/2023	12/09/2023	31/10/2023	French	PDF
Abridged model	31/03/2022	13/09/2022	28/10/2022	French	PDF
Abridged model	31/03/2021	14/09/2021	29/11/2021	French	PDF
Abridged model	31/03/2020	27/10/2020	29/10/2020	French	PDF
Abridged model	31/03/2019	10/09/2019	07/10/2019	French	PDF
Abridged model	31/03/2018	11/09/2018	26/09/2018	French	PDF
Abridged model	31/03/2017	12/09/2017	31/10/2017	French	PDF
Abridged model	31/03/2016	13/09/2016	31/10/2016	French	PDF
Abridged model	31/03/2015	08/09/2015	29/10/2015	French	PDF
Abridged model	31/03/2014	09/09/2014	29/10/2014	French	PDF
Abridged model	31/03/2013	10/09/2013	13/11/2013	French	PDF
Abridged model	31/03/2012	26/11/2012	29/11/2012	French	PDF
Abridged model	31/03/2011	28/10/2011	28/10/2011	French	PDF
Abridged model	31/03/2010	23/11/2010	24/11/2010	French	PDF
Abridged model	31/03/2009	08/09/2009	28/09/2009	French	PDF
Abridged model	31/03/2008	03/11/2008	29/12/2008	French	PDF
Abridged model	31/03/2007	06/11/2007	14/11/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/03/2025 · 1 active · 1 ended

Active mandates

Jean-François DEBARSY

Director

Active

Ended mandates

Jean-François DEBARSY

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Other04/04/2003
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025137,4 k €↑
2024
Annual accounts 202456,7 k €↑
2023
Annual accounts 202343,4 k €↓
2022
Annual accounts 2022119,7 k €↑
2021
Annual accounts 202185,4 k €↑
2020
Annual accounts 2020202,6 €↓
2019
Annual accounts 201996,1 k €↑
2018
Annual accounts 201859,9 k €↑
2017
Annual accounts 201713,7 k €↑
2016
Annual accounts 2016-84,3 k €↓
2015
Annual accounts 20159,6 k €↓
2014
Annual accounts 201490,9 k €↓
2013
Annual accounts 201393,1 k €↑
2012
Annual accounts 201267,3 k €↑
2011
Annual accounts 2011-10,8 k €↑
2010
Annual accounts 2010-95,6 k €↓
2009
Annual accounts 200952 k €↑
2008
Annual accounts 200843,6 k €↑
2007
Annual accounts 2007-31,3 k €
27/03/2003
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

BORSU

Overview

What does BORSU do?

Trend over 19 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