ACTIVE

EUROBORINGEN

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Financial year 2025 · closed on 31/12/2025

Net result

102,4 k €

-68.2% YoY

Gross margin

3,5 M €

+11.4% YoY

Equity

2,2 M €

+1.3% YoY

Workforce

33,1 ETP

+11.8% YoY

What does EUROBORINGEN do?

EUROBORINGEN is a Private limited company incorporated in 2008. Its main activity is: Site preparation. Its registered office is in Lokeren. It employs on average 33,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0806.402.174

Incorporation

17/09/2008

Legal form

Private limited company

Registered office

Spieveldstraat 27
9160 Lokeren · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

33,1 ETP

Activities (NACE)

43120Site preparation· main 43120Site preparation 43130Test drilling and boring 43130Test drilling and boring 42220Construction of utility projects for electricity and telecommunications 42220Construction of utility projects for electricity and telecommunications+4

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	3,5 M €	+11.4%	3,1 M €	+41.0%	2,2 M €	+44.2%	1,5 M €	-0.5%	1,6 M €	+92.0%	807,4 k €	-23.0%	1 M €	-5.8%	1,1 M €	+32.1%	842,2 k €	-0.5%	846,8 k €	+15.0%	736,5 k €	+5.7%	696,6 k €	-22.7%	901,1 k €	+12.6%	800,2 k €	+0.6%	795,4 k €	+3.7%	767 k €	+22.7%	625,2 k €
EBITDA	683,2 k €	-23.1%	888 k €	+24.7%	711,9 k €	+77.7%	400,6 k €	-24.7%	531,7 k €	-2.8%	547 k €	-11.7%	619,2 k €	-15.9%	736,7 k €	+47.7%	498,7 k €	-5.9%	530,1 k €	+11.8%	474,2 k €	+34.3%	353 k €	-19.9%	440,9 k €	+19.9%	367,6 k €	-31.2%	534,4 k €	+7.0%	499,3 k €	+33.1%	375 k €
Operating result	385 k €	-34.2%	584,8 k €	+43.7%	406,9 k €	+215%	129,1 k €	-50.6%	261,4 k €	-26.5%	355,5 k €	-15.8%	422,3 k €	-33.7%	637,1 k €	+62.0%	393,3 k €	-5.7%	416,8 k €	+6.3%	392,2 k €	+183%	138,4 k €	-17.3%	167,3 k €	+3.1%	162,3 k €	+11.3%	145,9 k €	-6.3%	155,8 k €	-41.5%	266,1 k €
Net result	102,4 k €	-68.2%	322,5 k €	+60.9%	200,5 k €	+188%	69,5 k €	-60.3%	175,2 k €	-23.6%	229,4 k €	-14.6%	268,5 k €	-37.6%	430 k €	+86.5%	230,5 k €	-6.4%	246,4 k €	-3.0%	254,1 k €	+120%	115,5 k €	+34.7%	85,8 k €	-58.0%	204,5 k €	+263%	56,3 k €	+26.6%	44,5 k €	-71.2%	154,3 k €
Balance sheet
Equity	2,2 M €	+1.3%	2,2 M €	+14.5%	1,9 M €	-1.3%	1,9 M €	+3.8%	1,8 M €	+10.5%	1,7 M €	+16.0%	1,4 M €	+23.0%	1,2 M €	+58.5%	735,5 k €	+45.6%	505 k €	+95.3%	258,6 k €	+1.6%	254,5 k €	+18.9%	214 k €	-12.7%	245,2 k €	+59.5%	153,7 k €	-29.3%	217,4 k €	+25.7%	172,9 k €
Total assets	4,7 M €	-0.6%	4,7 M €	+19.7%	3,9 M €	+13.6%	3,5 M €	+19.3%	2,9 M €	-5.5%	3,1 M €	+46.7%	2,1 M €	+15.2%	1,8 M €	+7.9%	1,7 M €	+80.1%	934,5 k €	+18.1%	791,4 k €	+23.7%	639,9 k €	-32.5%	948,2 k €	-17.0%	1,1 M €	-16.6%	1,4 M €	+1.0%	1,4 M €	+173%	497,5 k €
Cash	99,2 k €	-46.9%	186,9 k €	+234%	56 k €	-58.3%	134,1 k €	-36.0%	209,6 k €	+117%	96,7 k €	-21.5%	123,1 k €	-36.4%	193,5 k €	+19.0%	162,7 k €	+12.1%	145 k €	+342%	32,8 k €	+91.8%	17,1 k €	-40.8%	28,9 k €	+63.1%	17,7 k €	-69.0%	57,2 k €	+1.6%	56,3 k €	+546%	8,7 k €
Debts	2,5 M €	-2.3%	2,6 M €	+24.5%	2 M €	+31.9%	1,6 M €	+46.3%	1,1 M €	-24.5%	1,4 M €	+115%	653,7 k €	+1.1%	646,8 k €	-31.7%	947,4 k €	+123%	425,6 k €	-20.1%	532,8 k €	+56.4%	340,7 k €	-51.8%	706,6 k €	-14.8%	829,2 k €	-31.9%	1,2 M €	+6.8%	1,1 M €	+251%	324,7 k €
Other
Workforce	33,1 ETP	+11.8%	29,6 ETP	+17.0%	25,3 ETP	+25.9%	20,1 ETP	-2.4%	20,6 ETP	+281%	5,4 ETP	-37.9%	8,7 ETP	+14.5%	7,6 ETP	+8.6%	7,0 ETP	0.0%	7,0 ETP	+45.8%	4,8 ETP	-36.8%	7,6 ETP	-15.6%	9,0 ETP	+5.9%	8,5 ETP	-3.4%	8,8 ETP	+14.3%	7,7 ETP	+24.2%	6,2 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 31/12/2025 · 1 active · 6 ended

Active mandates

Birol Mergen

Director

Active

Ended mandates

BIROL MERGEN

Manager · since 01 juillet 2015

Ended

EROL MERGEN

Manager · since 19 septembre 2014 · until 30 juin 2015

Ended

Birol Mergen

Manager

Ended

Erol Mergen

Manager

Ended

At this address

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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	24/07/2026	03/07/2025	06/06/2024	20/07/2023	09/06/2022	11/06/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	06/06/2026	24/07/2026	Dutch	PDF
Abridged model	31/12/2024	07/06/2025	03/07/2025	Dutch	PDF
Abridged model	31/12/2023	01/06/2024	06/06/2024	Dutch	PDF
Abridged model	31/12/2022	03/06/2023	20/07/2023	Dutch	PDF
Abridged model	31/12/2021	04/06/2022	09/06/2022	Dutch	PDF
Abridged model	31/12/2020	05/06/2021	11/06/2021	Dutch	PDF
Abridged model	31/12/2019	06/06/2020	11/06/2020	Dutch	PDF
Abridged model	31/12/2018	01/06/2019	06/06/2019	Dutch	PDF
Abridged model	31/12/2017	02/06/2018	07/06/2018	Dutch	PDF
Abridged model	31/12/2016	03/06/2017	08/06/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	08/06/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	08/06/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	29/07/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	01/03/2010	02/03/2010	Dutch	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 31/12/2025 · 1 active · 6 ended

Active mandates

Birol Mergen

Director

Active

Ended mandates

BIROL MERGEN

Manager · since 01 juillet 2015

Ended

EROL MERGEN

Manager · since 19 septembre 2014 · until 30 juin 2015

Ended

Birol Mergen

Manager

Ended

Erol Mergen

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/06/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates24/07/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/10/2014
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/02/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares01/12/2011
KAPITAAL - AANDELEN
PDF
Mandates20/07/2011
ONTSLAGEN - BENOEMINGEN
PDF
Registered office23/05/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates28/09/2010
MAATSCHAPPELIJKE ZETEL - 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 2025102,4 k €↓
2024
Annual accounts 2024322,5 k €↑
2023
Annual accounts 2023200,5 k €↑
2022
Annual accounts 202269,5 k €↓
2021
Annual accounts 2021175,2 k €↓
2020
Annual accounts 2020229,4 k €↓
2019
Annual accounts 2019268,5 k €↓
2018
Annual accounts 2018430 k €↑
2017
Annual accounts 2017230,5 k €↓
2016
Annual accounts 2016246,4 k €↓
2015
Annual accounts 2015254,1 k €↑
2014
Annual accounts 2014115,5 k €↑
2013
Annual accounts 201385,8 k €↓
2012
Annual accounts 2012204,5 k €↑
2011
Annual accounts 201156,3 k €↑
2010
Annual accounts 201044,5 k €↓
2009
Annual accounts 2009154,3 k €
17/09/2008
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

EUROBORINGEN

Overview

What does EUROBORINGEN do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

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