BORDAU
ActiveBORDAU has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.58M and a net result of €568k. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 80% of 1722 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▼-7
Solvency99▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220k at 30 days acceptable
Liquidity ample (current ratio 4.33 against 2.91 in 2024; short-term debt: 18.8% and cash: 15.5% of total assets), and 26.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
73.7%
Return on assets
16.2%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
16 d early
2023
5 d early
2022
10 d early
2021
9 d late
2020
3 d early
2019
50 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.58M▲ 28.2%
2024 · €2.02M
2018: €1.01M
2019: €1.29M
2020: €1.32M
2021: €1.21M
2022: €1.12M
2023: €1.59M
2024: €2.02M
2018 → 2025
Total assets
€3.50M▲ 9.5%
2024 · €3.20M
2018: €2.31M
2019: €2.51M
2020: €2.53M
2021: €2.20M
2022: €2.06M
2023: €2.84M
2024: €3.20M
2018 → 2025
Net result
€568k▼ 20.1%
2024 · €710k
2018: €100k
2019: €289k
2020: €350k
2021: €-6k
2022: €-87k
2023: €796k
2024: €710k
2018 → 2025
Working capital
€2.19M▲ 36.1%
2024 · €1.61M
2018: €671k
2019: €1.03M
2020: €1.07M
2021: €918k
2022: €772k
2023: €1.22M
2024: €1.61M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.21M-€1.12M▼ 7.4%€1.59M▲ 42.7%€2.02M▲ 26.5%€2.58M▲ 28.2%
Operating result€7k-€-68k€1.09M€1.05M▼ 4.1%€826k▼ 21.2%
Net result€-6k-€-87k▼ 1,457%€796k€710k▼ 10.7%€568k▼ 20.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.50M
Fixed assets
€649k▼ 12.8%
Current assets
€2.85M▲ 16.2%
Equity and liabilities €3.50M
Equity
€2.58M▲ 28.2%
Debt
€920k▼ 22.4%
The debt ratio falls from 37.0% to 26.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€950k▼
2024 · €1.17M
Cash flow
€692k▼
2024 · €829k
Solvency
73.7%▲
2024 · 63.0%
Current ratio
4.33▲
2024 · 2.91
Quick ratio
3.00▲
2024 · 2.01
Debt / equity
0.36▼
2024 · 0.59
ROE
22.0%▼
2024 · 35.2%
ROA
16.2%▼
2024 · 22.2%
Interest coverage
50.43▼
2024 · 50.49
Debt
€920k▼
2024 · €1.19M
Debt ≤ 1 year
€659k▼
2024 · €844k
Debt > 1 year
€257k▼
2024 · €335k
Income taxes
€259k▼
2024 · €326k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.20M€3.50M▲
Fixed assets21/28€744k€649k▼
Tangible fixed assets22/27€744k€649k▼
Land and buildings22€93k€93k=
Plant, machinery and equipment23€44k€35k▼
Furniture and vehicles24€18k€21k▲
Other tangible fixed assets26€590k€501k▼
Financial fixed assets28€400€400=
Current assets29/58€2.46M€2.85M▲
Stocks and contracts in progress3€764k€876k▲
Stocks30/36€764k€876k▲
Amounts receivable within one year40/41€55k€223k▲
Trade receivables40€50k€175k▲
Other amounts receivable41€5k€47k▲
Current investments50/53€1.10M€1.20M▲
Cash at bank and in hand54/58€526k€545k▲
Deferred charges and accrued income490/1€10k€10k▲
Equity and liabilities
Total equity and liabilities10/49€3.20M€3.50M▲
Equity10/15€2.02M€2.58M▲
Contributions10/11€126k€126k=
Reserves13€1.89M€2.46M▲
Distributable reserves133€1.89M€2.46M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€1.19M€920k▼
Amounts payable after more than one year17€335k€257k▼
Financial debts170/4€335k€257k▼
Amounts payable within one year42/48€844k€659k▼
Current portion of amounts payable after more than one year42€78k€78k=
Trade debts44€232k€181k▼
Suppliers440/4€232k€181k▼
Taxes, remuneration and social security45€131k€10k▼
Taxes450/3€131k€10k▼
Other amounts payable47/48€403k€391k▼
Accrued charges and deferred income492/3€7k€4k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€119k€124k▲
Other operating charges640/8€13k€16k▲
Gross operating margin9900€1.18M€966k▼
Operating profit (loss)9901€1.05M€826k▼
Financial income75/76B€11k€19k▲
Recurring financial income75€11k€19k▲
Financial charges65/66B€23k€19k▼
Recurring financial charges65€23k€19k▼
Profit (loss) for the period before taxes9903€1.04M€826k▼
Income taxes67/77€326k€259k▼
Profit (loss) for the period9904€710k€568k▼
Profit (loss) for the period to be appropriated9905€710k€568k▼
Appropriation of the result
Profit (loss) to be appropriated9906€710k€568k▼
Transfer from equity791/2€289k€0▼
Transfer to equity691/2€710k€568k▼
To other reserves6921€710k€568k▼
Profit to be distributed694/7€289k€0▼
Return on contributions (dividend)694€289k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €2MEq €2.02M ▲26.5%
2 profitable years in a row build equity to €2.02M.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €796k
Net result €796k after 2 loss-making years.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €-87k
Net result drops to €-87k, the lowest in the series; recovery starts the following year.
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 9 days late
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Comines-Warneton · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Voorstraetestraat(KOM) 57780 Comines-WarnetonGround area
129 m²
Building footprint
129 m²
Volume, LiDAR
867 m³
Parcel 54002B0050/02_000, Wallonia · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Voorstraetestraat(KOM) 5, 7780 Comines-Warneton
since 20022.093.405.401
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54002B0050/02_000 | Wallonia | 129 m² | 1 · 129 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteComines-Warneton/Komen-Waasten2.093.405.401
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Of 20,599 companies in sector 01500 we hold annual accounts for 1,149. 577 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-10-2001
Fiscal year end30-09
Activities, NACEBEL
01500Mixed farming
01462Crop and animal production, hunting and related service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.