ACTIVE

BORG

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Financial year 2025 · closed on 31/12/2025
Net result
46,4 k €
-9.0% YoY
Gross margin
147,1 k €
+9.5% YoY
Equity
242,8 k €
+22.6% YoY
Workforce
0,0 ETP

What does BORG do?

BORG is a Private limited company incorporated in 2012. Its main activity is: Public relations and communication activities. Its registered office is in Balen.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0846.134.166
Incorporation
23/05/2012
Legal form
Private limited company
Registered office
Kerkstraat 19
2490 Balen · FlandreSee on map
Contributed capital
10 600,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
70210Public relations and communication activities· main73300Advertising and market research18120Other printing18120Other printing18130Pre-press and pre-media services18130Pre-press and pre-media services
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2025202420232022202120202019201820172016201520142013
Income statement
Gross margin147,1 k €134,3 k €133,8 k €103,4 k €75,9 k €43,5 k €61,1 k €67,3 k €67,1 k €37,3 k €4,7 k €9,3 k €1,6 k €
EBITDA143,7 k €131,1 k €131,1 k €101,0 k €73,9 k €41,9 k €60,4 k €66,3 k €66,4 k €36,1 k €4,6 k €9,2 k €1,5 k €
Operating result77,0 k €77,9 k €76,6 k €48,5 k €39,6 k €17,7 k €8,5 k €52,6 k €53,4 k €23,0 k €3,4 k €8,5 k €734,7 €
Net result46,4 k €51,0 k €57,5 k €31,1 k €23,2 k €9,4 k €5,6 k €32,0 k €29,6 k €11,6 k €1,1 k €4,4 k €-644,2 €
Balance sheet
Equity242,8 k €198,0 k €189,9 k €133,9 k €102,8 k €94,0 k €86,2 k €85,8 k €55,4 k €27,1 k €15,5 k €14,4 k €10,0 k €
Total assets894,6 k €913,0 k €960,1 k €955,0 k €990,3 k €632,9 k €416,9 k €105,8 k €82,7 k €58,7 k €30,0 k €32,8 k €26,2 k €
Cash17,7 k €30,7 k €55,3 k €27,8 k €59,3 k €103,4 k €102,5 k €69,6 k €38,5 k €9,7 k €24,7 k €26,6 k €22,2 k €
Debts651,8 k €715,0 k €770,2 k €821,1 k €887,4 k €538,9 k €330,7 k €19,9 k €26,5 k €31,6 k €14,5 k €18,4 k €16,2 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP0,0 ETP–––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Erik Borgmans

Director

Active

Ended mandates

Erik Borgmans

Manager · since 23 mai 2012

Ended
Erik Borgmans

Manager

Ended
At this address

Other companies at this address

CompanyCBE no.
DE KOER● Active
0767.757.968
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date17/07/202625/07/202512/07/202425/07/202330/08/202228/07/2021
General meeting26/06/202630/06/202530/06/202430/06/202331/07/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202617/07/2026DutchPDF
Abridged model31/12/202430/06/202525/07/2025DutchPDF
Abridged model31/12/202330/06/202412/07/2024DutchPDF
Abridged model31/12/202230/06/202325/07/2023DutchPDF
Abridged model31/12/202131/07/202230/08/2022DutchPDF
Micro model31/12/202030/06/202128/07/2021DutchPDF
Micro model31/12/201905/06/202003/07/2020DutchPDF
Micro model31/12/201807/06/201928/06/2019DutchPDF
Micro model31/12/201729/06/201827/07/2018DutchPDF
Micro model31/12/201602/06/201729/06/2017DutchPDF
Abridged model31/12/201530/06/201615/07/2016DutchPDF
Abridged model31/12/201430/06/201530/07/2015DutchPDF
Abridged model31/12/201331/07/201429/08/2014DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 1 active · 2 ended

Active mandates

Erik Borgmans

Director

Active

Ended mandates

Erik Borgmans

Manager · since 23 mai 2012

Ended
Erik Borgmans

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/05/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other05/06/2012
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 202546,4 k €↓
  2. 2024
    Annual accounts 202451,0 k €↓
  3. 2023
    Annual accounts 202357,5 k €↑
  4. 2022
    Annual accounts 202231,1 k €↑
  5. 2021
    Annual accounts 202123,2 k €↑
  6. 2020
    Annual accounts 20209,4 k €↑
  7. 2019
    Annual accounts 20195,6 k €↓
  8. 2018
    Annual accounts 201832,0 k €↑
  9. 2017
    Annual accounts 201729,6 k €↑
  10. 2016
    Annual accounts 201611,6 k €↑
  11. 2015
    Annual accounts 20151,1 k €↓
  12. 2014
    Annual accounts 20144,4 k €↑
  13. 2013
    Annual accounts 2013-644,2 €
  14. 23/05/2012
    IncorporationPrivate limited company