ACTIVE

BORLEC HOLDING

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Financial year 2025 · closed on 31/12/2025

Net result

134,7 k €

+879.3% YoY

Gross margin

443,5 k €

+14.8% YoY

Equity

4,8 M €

+2.9% YoY

Workforce

1,0 ETP

0.0% YoY

What does BORLEC HOLDING do?

BORLEC HOLDING is a Public limited company incorporated in 2009. Its main activity is: Activities of holding companies. Its registered office is in Mons. It employs on average 1,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0810.181.216

Incorporation

03/03/2009

Legal form

Public limited company

Registered office

Rue des Arquebusiers 2
7000 Mons · WallonieSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

1,0 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70100Activities of head offices 70100Activities of head offices

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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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	443,5 k €	+14.8%	386,1 k €	+13.3%	340,8 k €	-45.9%	629,8 k €	-18.2%	769,5 k €	+3.2%	745,7 k €	+4.4%	714,1 k €	+15.4%	618,6 k €	+2.8%	601,8 k €	+11.5%	539,9 k €	-5.3%	570 k €	+5.5%	540,2 k €	+5.1%	513,8 k €	+1.6%	505,7 k €	+0.3%	504,2 k €	+0.8%	500,3 k €	+26.7%	394,9 k €
EBITDA	370,8 k €	+19.0%	311,5 k €	+13.6%	274,2 k €	-51.6%	566,1 k €	-20.2%	709,6 k €	+3.0%	689,3 k €	+4.5%	659,5 k €	+16.0%	568,6 k €	+9.2%	520,9 k €	+13.2%	460,3 k €	-7.1%	495,2 k €	+5.9%	467,8 k €	+4.3%	448,6 k €	+1.3%	443 k €	-0.3%	444,4 k €	+0.1%	443,8 k €	+28.9%	344,4 k €
Operating result	316,6 k €	+20.4%	263 k €	+19.9%	219,3 k €	-56.9%	509,2 k €	-25.7%	685,8 k €	+1.2%	678 k €	+4.5%	648,9 k €	+15.7%	560,9 k €	+9.3%	513,2 k €	+13.4%	452,6 k €	-7.2%	487,5 k €	+4.2%	467,7 k €	+4.5%	447,7 k €	+1.3%	441,9 k €	-0.2%	442,7 k €	+0.1%	442,1 k €	+28.9%	343 k €
Net result	134,7 k €	+879%	13,8 k €	-99.2%	1,8 M €	+275%	478,9 k €	-68.1%	1,5 M €	+559%	227,8 k €	+14.2%	199,4 k €	+50.9%	132,2 k €	+50.3%	88 k €	+68.8%	52,1 k €	-21.6%	66,5 k €	+88.7%	35,2 k €	+114%	16,5 k €	+267%	4,5 k €	+204%	1,5 k €	-87.0%	11,4 k €	+255%	-7,3 k €
Balance sheet
Equity	4,8 M €	+2.9%	4,7 M €	+0.3%	4,7 M €	+62.6%	2,9 M €	+20.0%	2,4 M €	+169%	889,7 k €	+34.4%	661,9 k €	+43.1%	462,5 k €	+40.0%	330,3 k €	+36.3%	242,4 k €	+27.4%	190,2 k €	+53.8%	123,7 k €	+39.8%	88,5 k €	+22.9%	72 k €	+6.7%	67,5 k €	+2.2%	66 k €	+20.8%	54,7 k €
Total assets	14,9 M €	+2.1%	14,5 M €	+0.9%	14,4 M €	+17.1%	12,3 M €	+3.5%	11,9 M €	-0.0%	11,9 M €	+18.9%	10 M €	+1.2%	9,9 M €	+4.8%	9,4 M €	+3.1%	9,1 M €	+4.2%	8,8 M €	+3.2%	8,5 M €	+2.8%	8,3 M €	+4.5%	7,9 M €	+4.4%	7,6 M €	+6.1%	7,1 M €	+6.6%	6,7 M €
Cash	1,6 M €	+116%	756,9 k €	-76.4%	3,2 M €	+249%	920,5 k €	-48.5%	1,8 M €	-22.9%	2,3 M €	-4.8%	2,4 M €	+4.5%	2,3 M €	+34.9%	1,7 M €	+8.3%	1,6 M €	+20.0%	1,3 M €	+107%	641,8 k €	+35.2%	474,8 k €	-48.1%	915,7 k €	+141%	379,9 k €	+40.9%	269,7 k €	+36.7%	197,3 k €
Debts	4,3 M €	-2.6%	4,4 M €	-3.7%	4,6 M €	+0.2%	4,6 M €	-8.0%	5 M €	-20.2%	6,3 M €	+26.8%	5 M €	-8.2%	5,4 M €	-1.1%	5,5 M €	-3.2%	5,6 M €	-1.2%	5,7 M €	-3.3%	5,9 M €	-3.5%	6,1 M €	-1.3%	6,2 M €	-1.7%	6,3 M €	-0.0%	6,3 M €	+0.2%	6,3 M €
Other
Workforce	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 ETP	-20.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		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	+25.0%	0,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active

Active mandates

AGNES LECRIVAIN

Director

Active

CARLO BORGNO

Managing director

Active

At this address

Other companies at this address

Company	CBE no.
MONI● Active	0466.780.430
SEBCLE● Active	0450.239.554

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	26/08/2026	27/08/2025	30/08/2024	30/08/2023	31/08/2022	31/08/2021
General meeting	08/05/2026	09/05/2025	10/05/2024	12/05/2023	13/05/2022	14/05/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/05/2026	26/08/2026	French	PDF
Abridged model	31/12/2024	09/05/2025	27/08/2025	French	PDF
Abridged model	31/12/2023	10/05/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	12/05/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	13/05/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	14/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	08/05/2020	29/10/2020	French	PDF
Micro model	31/12/2018	10/05/2019	30/08/2019	French	PDF
Micro model	31/12/2017	11/05/2018	30/08/2018	French	PDF
Micro model	31/12/2016	12/05/2017	31/08/2017	French	PDF
Abridged model	31/12/2015	13/05/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	08/05/2015	31/08/2015	French	PDF
Abridged model	31/12/2013	09/05/2014	29/08/2014	French	PDF
Abridged model	31/12/2012	10/05/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	11/05/2012	30/08/2012	French	PDF
Abridged modelCorrection	31/12/2010	30/03/2012	27/04/2012	French	PDF
Abridged model	31/12/2010	13/05/2011	30/08/2011	French	PDF
Abridged modelCorrection	31/12/2009	30/03/2012	27/04/2012	French	PDF
Abridged model	31/12/2009	14/05/2010	31/08/2010	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 active

Active mandates

AGNES LECRIVAIN

Director

Active

CARLO BORGNO

Managing director

Active

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

03/09/2026
—
PDF
Mandates28/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Registered office03/08/2023
SIEGE SOCIAL
PDF
Mandates12/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates06/01/2015
DEMISSIONS, NOMINATIONS
PDF
Other05/03/2009
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 2025134,7 k €↑
2024
Annual accounts 202413,8 k €↓
2023
Annual accounts 20231,8 M €↑
2022
Annual accounts 2022478,9 k €↓
2021
Annual accounts 20211,5 M €↑
2020
Annual accounts 2020227,8 k €↑
2019
Annual accounts 2019199,4 k €↑
2018
Annual accounts 2018132,2 k €↑
2017
Annual accounts 201788 k €↑
2016
Annual accounts 201652,1 k €↓
2015
Annual accounts 201566,5 k €↑
2014
Annual accounts 201435,2 k €↑
2013
Annual accounts 201316,5 k €↑
2012
Annual accounts 20124,5 k €↑
2011
Annual accounts 20111,5 k €↓
2010
Annual accounts 201011,4 k €↑
2009
Annual accounts 2009-7,3 k €
03/03/2009
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

BORLEC HOLDING

Overview

What does BORLEC HOLDING 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