ACTIVE

BOREAS DEVELOPMENT

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Financial year 2024 · closed on 31/12/2024

Net result

-13,1 k €

-221.0% YoY

Gross margin

-22,0 k €

-1.3% YoY

Equity

120,1 k €

-9.8% YoY

What does BOREAS DEVELOPMENT do?

BOREAS DEVELOPMENT is a Public limited company incorporated in 2006. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0885.680.868

Incorporation

14/12/2006

Legal form

Public limited company

Registered office

Chaussée de La Hulpe 120
1000 Bruxelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2024

Signals

Solid equityLow riskGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-22,0 k €	-1.3%	-21,7 k €	-103%	810,7 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-23,0 k €	-1.3%	-22,7 k €	-103%	809,8 k €	-78.6%	3,8 M €	+37811%	-10,0 k €	-1.1%	-9,9 k €	+4.5%	-10,4 k €	+0.0%	-10,4 k €	+11.7%	-11,7 k €	-10.1%	-10,7 k €	+95.2%	-220,6 k €	-289%	116,9 k €	+1895%	-6,5 k €	-102%	366,1 k €	+124%	-1,5 M €	-1005%	170,0 k €	-57.3%	397,7 k €	-79.7%	2,0 M €
Operating result	-23,0 k €	-1.3%	-22,7 k €	-103%	809,8 k €	-78.6%	3,8 M €	+37811%	-10,0 k €	-1.1%	-9,9 k €	+4.5%	-10,4 k €	+0.0%	-10,4 k €	+11.7%	-11,7 k €	-10.1%	-10,7 k €	+95.2%	-220,6 k €	-289%	116,9 k €	+1895%	-6,5 k €	-102%	365,8 k €	+124%	-1,5 M €	-1006%	169,7 k €	-57.3%	397,5 k €	-79.7%	2,0 M €
Net result	-13,1 k €	-221%	10,8 k €	-98.2%	603,2 k €	-80.7%	3,1 M €	+17375%	-18,1 k €	+2.5%	-18,6 k €	-70.9%	-10,9 k €	-1.5%	-10,7 k €	+10.7%	-12,0 k €	-10.5%	-10,9 k €	+95.0%	-219,5 k €	-288%	116,9 k €	+379%	24,4 k €	-93.4%	367,6 k €	+124%	-1,5 M €	-1132%	147,7 k €	-36.2%	231,3 k €	-81.4%	1,2 M €
Balance sheet
Equity	120,1 k €	-9.8%	133,2 k €	+8.8%	122,4 k €	-80.2%	619,2 k €	+5033%	-12,6 k €	-325%	5,6 k €	-76.9%	24,2 k €	-31.0%	35,1 k €	-23.4%	45,8 k €	-20.8%	57,8 k €	-15.8%	68,7 k €	-89.7%	668,2 k €	+21.2%	551,3 k €	+4.6%	526,9 k €	+231%	159,3 k €	-90.5%	1,7 M €	+9.6%	1,5 M €	+17.7%	1,3 M €
Total assets	148,3 k €	-5.8%	157,5 k €	-92.5%	2,1 M €	-58.7%	5,1 M €	-41.0%	8,6 M €	+202%	2,8 M €	+855%	298,1 k €	+667%	38,9 k €	-20.7%	49,0 k €	-19.5%	60,9 k €	-44.2%	109,1 k €	-84.6%	709,8 k €	-3.0%	731,4 k €	+1.6%	720,1 k €	-77.2%	3,2 M €	-89.7%	30,5 M €	+32.7%	23,0 M €	+328%	5,4 M €
Cash	77,0 €	-99.3%	10,6 k €	-49.3%	21,0 k €	-99.5%	4,3 M €	+42065%	10,1 k €	+28.5%	7,9 k €	-69.6%	26,0 k €	+1707%	1,4 k €	-17.2%	1,7 k €	-47.1%	3,3 k €	+22.4%	2,7 k €	-19.2%	3,3 k €	-99.0%	348,3 k €	+49.2%	233,5 k €	-62.9%	630,0 k €	+81.3%	347,5 k €	-66.8%	1,0 M €	+385%	216,0 k €
Debts	28,2 k €	+15.9%	24,3 k €	-98.8%	2,0 M €	-55.7%	4,5 M €	-48.3%	8,6 M €	+203%	2,8 M €	+938%	273,9 k €	+7103%	3,8 k €	+18.7%	3,2 k €	+4.2%	3,1 k €	-92.4%	40,4 k €	-2.8%	41,6 k €	+2.2%	40,7 k €	-1.8%	41,4 k €	-98.5%	2,8 M €	-90.2%	28,9 M €	+156%	11,3 M €	+177%	4,1 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 27 ended

Active mandates

Vincent Beck

Managing director · since 01 mars 2024 · until 26 avril 2029

Active

Christophe Jacobs

Director · since 17 juin 2022 · until 24 avril 2025 · 0699.494.714

Represented by Christophe Jacobs

Active

Hervé Bodin

Director · since 17 juin 2022 · until 31 juillet 2025

Active

Ended mandates

Vincent Beck

Director · since 01 mars 2024 · until 26 avril 2029

Ended

Hervé Bodin

Director · since 17 juin 2022 · until 24 avril 2025

Ended

Philippe Weicker

Director · since 17 juin 2022 · until 24 avril 2025

Ended

Thierry Behiels

Managing director · since 17 juin 2022 · until 24 avril 2025

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/09/2025	20/01/2025	02/08/2023	14/07/2022	27/07/2021	03/08/2020
General meeting	31/07/2025	17/01/2025	31/07/2023	17/06/2022	06/07/2021	10/06/2020
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 modelCorrection	31/12/2024	31/07/2025	17/09/2025	French	PDF
Abridged model	31/12/2024	31/07/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	17/01/2025	20/01/2025	French	PDF
Abridged model	31/12/2022	31/07/2023	02/08/2023	French	PDF
Full model	31/12/2021	17/06/2022	14/07/2022	French	PDF
Full model	31/12/2020	06/07/2021	27/07/2021	French	PDF
Full model	31/12/2019	10/06/2020	03/08/2020	French	PDF
Full model	31/12/2018	24/05/2019	30/07/2019	French	PDF
Full model	31/12/2017	14/05/2018	30/08/2018	French	PDF
Full model	31/12/2016	29/05/2017	31/07/2017	French	PDF
Full model	31/12/2015	27/04/2016	13/07/2016	French	PDF
Full model	31/12/2014	27/04/2015	27/07/2015	French	PDF
Full model	31/12/2013	23/04/2014	27/05/2014	French	PDF
Full model	31/12/2012	24/04/2013	30/07/2013	French	PDF
Full model	31/12/2011	25/04/2012	10/07/2012	French	PDF
Full model	31/12/2010	27/04/2011	23/06/2011	French	PDF
Full model	31/12/2009	28/04/2010	16/07/2010	French	PDF
Full model	31/12/2008	22/04/2009	14/07/2009	French	PDF
Full model	31/12/2007	23/04/2008	18/07/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 3 active · 27 ended

Active mandates

Vincent Beck

Managing director · since 01 mars 2024 · until 26 avril 2029

Active

Christophe Jacobs

Director · since 17 juin 2022 · until 24 avril 2025 · 0699.494.714

Represented by Christophe Jacobs

Active

Hervé Bodin

Director · since 17 juin 2022 · until 31 juillet 2025

Active

Ended mandates

Vincent Beck

Director · since 01 mars 2024 · until 26 avril 2029

Ended

Hervé Bodin

Director · since 17 juin 2022 · until 24 avril 2025

Ended

Philippe Weicker

Director · since 17 juin 2022 · until 24 avril 2025

Ended

Thierry Behiels

Managing director · since 17 juin 2022 · until 24 avril 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates15/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates11/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates15/09/2022
DEMISSIONS, NOMINATIONS
PDF
Other07/06/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates13/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates22/10/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates03/10/2018
DEMISSIONS, NOMINATIONS
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

2024
Annual accounts 2024-13,1 k €↓
2023
Annual accounts 202310,8 k €↓
2022
Annual accounts 2022603,2 k €↓
2021
Annual accounts 20213,1 M €↑
2020
Annual accounts 2020-18,1 k €↑
2019
Annual accounts 2019-18,6 k €↓
2018
Annual accounts 2018-10,9 k €↓
2017
Annual accounts 2017-10,7 k €↑
2016
Annual accounts 2016-12,0 k €↓
2015
Annual accounts 2015-10,9 k €↑
2014
Annual accounts 2014-219,5 k €↓
2013
Annual accounts 2013116,9 k €↑
2012
Annual accounts 201224,4 k €↓
2011
Annual accounts 2011367,6 k €↑
2010
Annual accounts 2010-1,5 M €↓
2009
Annual accounts 2009147,7 k €↓
2008
Annual accounts 2008231,3 k €↓
2007
Annual accounts 20071,2 M €
14/12/2006
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

BOREAS DEVELOPMENT

Overview

What does BOREAS DEVELOPMENT do?

Trend over 18 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