NORMAL SITUATION

BORVAL

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Financial year 2023 · closed on 14/12/2023

Net result

78,7 k €

+106.2% YoY

Gross margin

14,7 k €

-98.7% YoY

Equity

-898,9 k €

+8.1% YoY

Workforce

14,2 ETP

-34.3% YoY

Company — Normal situation.

What does BORVAL do?

BORVAL is a company registered in Belgium. It employs on average 14,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.645.726

Legal form

Private limited company

Contributed capital

1 218 600,00 €

Latest accounts

14/12/2023

Average workforce

14,2 ETP

Joint committees (2)

Signals

ProfitableHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	14,7 k €	-98.7%	1,1 M €	-1.9%	1,1 M €	-13.3%	1,3 M €	-9.3%	1,4 M €	+27.3%	1,1 M €	+249%	319,4 k €	-4.6%	334,6 k €	+79.2%	186,8 k €	-59.5%	461,1 k €	-2.6%	473,3 k €	+3.0%	459,6 k €	+27.7%	360 k €	+0.8%	357,2 k €	+47.0%	243 k €	-1.4%	246,4 k €	-20.3%	309,2 k €	-1.8%	314,7 k €	+76.1%	178,7 k €
EBITDA	-1,1 M €	-65669%	-1,6 k €	-102%	90,9 k €	-52.8%	192,5 k €	-44.3%	345,4 k €	+615%	48,3 k €	+105%	-1 M €	-174%	-368,7 k €	-43.7%	-256,5 k €	-202%	-84,9 k €	-418%	26,7 k €	-9.3%	29,4 k €	+369%	6,3 k €	-41.2%	10,7 k €	-20.6%	13,4 k €	-78.4%	62,3 k €	+26.7%	49,2 k €	-33.1%	73,5 k €	+112%	34,7 k €
Operating result	83,7 k €	+107%	-1,2 M €	-11692%	10,8 k €	-94.0%	180,2 k €	-53.3%	385,4 k €	+776%	44 k €	+104%	-1 M €	-175%	-368,7 k €	-43.7%	-256,5 k €	-199%	-85,8 k €	-466%	23,5 k €	-11.5%	26,5 k €	+528%	4,2 k €	-47.4%	8 k €	-35.4%	12,4 k €	-79.8%	61,3 k €	+27.3%	48,1 k €	-28.7%	67,5 k €	+94.8%	34,7 k €
Net result	78,7 k €	+106%	-1,3 M €	-73218%	-1,7 k €	-101%	149,3 k €	-56.0%	339,5 k €	+30058%	1,1 k €	+100%	-1,1 M €	-172%	-387,9 k €	-759%	-45,2 k €	+51.9%	-94 k €	-2295%	-3,9 k €	-114%	28,6 k €	+65169%	43,9 €	+161%	-71,5 €	-100%	15,3 k €	-32.2%	22,6 k €	+52.9%	14,8 k €	-74.1%	57,1 k €	+487%	9,7 k €
Balance sheet
Equity	-898,9 k €	+8.1%	-977,5 k €	-439%	288,3 k €	-0.6%	290 k €	+127%	-1,1 M €	+24.3%	-1,4 M €	+0.1%	-1,4 M €	-307%	-344,4 k €	-892%	43,5 k €	-50.9%	88,7 k €	-51.5%	182,6 k €	-7.4%	197,3 k €	+17.0%	168,7 k €	+0.0%	168,6 k €	-0.0%	168,7 k €	+10.0%	153,4 k €	+17.3%	130,8 k €	+12.8%	116 k €	+97.1%	58,8 k €
Total assets	399,8 k €	-84.2%	2,5 M €	-2.8%	2,6 M €	+1.4%	2,6 M €	+30.5%	2 M €	+6.3%	1,9 M €	+9.6%	1,7 M €	-6.7%	1,8 M €	-2.4%	1,9 M €	-0.1%	1,9 M €	+25.6%	1,5 M €	+17.6%	1,3 M €	+50.6%	835,9 k €	-5.9%	888,1 k €	-35.3%	1,4 M €	+9.2%	1,3 M €	-11.4%	1,4 M €	+13.9%	1,2 M €	+30.5%	955,6 k €
Cash	779,1 €	-99.2%	103,1 k €	+63.4%	63,1 k €	-5.0%	66,4 k €	-19.9%	82,9 k €	-46.8%	155,8 k €	+342%	35,2 k €	-85.7%	246,9 k €	+521%	39,7 k €	-64.2%	110,9 k €	+73.1%	64 k €	-27.6%	88,5 k €	-20.0%	110,7 k €	-71.7%	391,2 k €	+94.4%	201,3 k €	+57.8%	127,5 k €	-27.9%	176,8 k €	-38.8%	288,9 k €	+33.5%	216,4 k €
Debts	1,3 M €	-48.5%	2,5 M €	+8.8%	2,3 M €	+1.7%	2,3 M €	-23.0%	3 M €	-4.4%	3,1 M €	+2.2%	3 M €	+40.4%	2,2 M €	+18.9%	1,8 M €	+2.4%	1,8 M €	+36.5%	1,3 M €	+22.2%	1,1 M €	+59.1%	667,2 k €	-7.3%	719,4 k €	-40.3%	1,2 M €	+9.0%	1,1 M €	-14.4%	1,3 M €	+14.0%	1,1 M €	+26.2%	896,7 k €
Other
Workforce	14,2 ETP	-34.3%	21,6 ETP	-14.3%	25,2 ETP	+1.2%	24,9 ETP	+6.0%	23,5 ETP	-4.5%	24,6 ETP	-11.2%	27,7 ETP	+18.4%	23,4 ETP	+3.1%	22,7 ETP	+68.1%	13,5 ETP	+26.2%	10,7 ETP	+5.9%	10,1 ETP	+12.2%	9,0 ETP	+2.3%	8,8 ETP	+29.4%	6,8 ETP	+7.9%	6,3 ETP	-19.2%	7,8 ETP	+6.8%	7,3 ETP	+55.3%	4,7 ETP

Governance

Board of directors

Seen on filing of 14/12/2023 · 1 active · 6 ended

Active mandates

Andreas ULM

Director

Active

Ended mandates

Andreas ULM

Director · since 20 mai 2021

Ended

Christian VEIGEL

Director

Ended

Christian VEIGEL

Manager

Ended

ERIK VAN LAERE

Manager

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	14/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/12/2023	12/12/2023	08/08/2022	09/08/2021	07/05/2020	16/04/2019
General meeting	14/12/2023	01/12/2023	30/06/2022	24/06/2021	30/04/2020	18/03/2019
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	14/12/2023	14/12/2023	18/12/2023	Dutch	PDF
Abridged model	31/12/2022	01/12/2023	12/12/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	08/08/2022	Dutch	PDF
Abridged model	31/12/2020	24/06/2021	09/08/2021	Dutch	PDF
Abridged model	31/12/2019	30/04/2020	07/05/2020	Dutch	PDF
Abridged model	31/12/2018	18/03/2019	16/04/2019	Dutch	PDF
Abridged model	31/12/2017	31/08/2018	26/09/2018	Dutch	PDF
Abridged model	31/12/2016	13/09/2017	25/09/2017	Dutch	PDF
Abridged model	31/03/2016	24/09/2016	26/09/2016	Dutch	PDF
Abridged model	30/09/2015	26/03/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/03/2015	24/04/2015	Dutch	PDF
Abridged model	30/09/2013	29/03/2014	28/04/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	12/04/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	25/04/2012	Dutch	PDF
Abridged model	30/09/2010	26/03/2011	08/04/2011	Dutch	PDF
Abridged model	30/09/2009	27/03/2010	09/04/2010	Dutch	PDF
Abridged model	30/09/2008	28/03/2009	30/03/2009	Dutch	PDF
Abridged model	30/09/2007	29/03/2008	10/04/2008	Dutch	PDF
Abridged model	30/09/2006	31/03/2007	02/05/2007	Dutch	PDF

Estimate

Indicative valuation

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 14/12/2023 · 1 active · 6 ended

Active mandates

Andreas ULM

Director

Active

Ended mandates

Andreas ULM

Director · since 20 mai 2021

Ended

Christian VEIGEL

Director

Ended

Christian VEIGEL

Manager

Ended

ERIK VAN LAERE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Court decision27/02/2024
RUBRIEK EINDE (STOPZETTING, INTREKKING STOPZETTING, NIETIGHEID, GER. AK., GERECHTELIJKE REORGANISATIE, ENZ...
PDF
Registered office22/11/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates16/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/01/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2020
ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
PDF
Mandates29/12/2016
ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other14/04/2016
BOEKJAAR
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

2023
Annual accounts 202378,7 k €↑
2023
Name changeBORVAL in vereffening
2022
Annual accounts 2022-1,3 M €↓
2021
Annual accounts 2021-1,7 k €↓
2021
Name changeBORVAL
2020
Annual accounts 2020149,3 k €↓
2019
Annual accounts 2019339,5 k €↑
2018
Annual accounts 20181,1 k €↑
2017
Annual accounts 2017-1,1 M €↓
2016
Annual accounts 2016-387,9 k €↓
2016
Annual accounts 2016-45,2 k €↑
2015
Annual accounts 2015-94 k €↓
2014
Annual accounts 2014-3,9 k €↓
2013
Annual accounts 201328,6 k €↑
2012
Annual accounts 201243,9 €↑
2011
Annual accounts 2011-71,5 €↓
2010
Annual accounts 201015,3 k €↓
2009
Annual accounts 200922,6 k €↑
2008
Annual accounts 200814,8 k €↓
2007
Annual accounts 200757,1 k €↑
2006
Annual accounts 20069,7 k €

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

BORVAL

Overview

What does BORVAL do?

Trend over 19 financial years

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