BOREEAL
ActiveBOREEAL has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-306k) and a net result of €-58k. Equity is shrinking by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 31544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
30
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-2
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.02 in 2024; short-term debt: 177.9% and cash: 0.4% of total assets), and equity is negative.
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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-83.2%
Return on assets
-15.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-306k
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 9 filingsDeviation from the deadline
2025
19 d late
2024
on the day
2023
on the day
2022
3 d early
2021
2 d early
2020
15 d early
2019
9 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-306k▼ 23.2%
2024 · €-248k
2018: €-2k
2019: €-51k
2020: €-77k
2021: €-101k
2022: €-141k
2023: €-195k
2024: €-248k
2018 → 2025
Total assets
€368k▼ 7.4%
2024 · €397k
2018: €415k
2019: €462k
2020: €499k
2021: €507k
2022: €492k
2023: €435k
2024: €397k
2018 → 2025
Net result
€-58k▼ 8.8%
2024 · €-53k
2018: €-41k
2019: €-49k
2020: €-26k
2021: €-24k
2022: €-39k
2023: €-55k
2024: €-53k
2018 → 2025
Working capital
€-642k▼ 7.7%
2024 · €-597k
2018: €-329k
2019: €-382k
2020: €-423k
2021: €-465k
2022: €-514k
2023: €-557k
2024: €-597k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-101k-€-141k▼ 39.0%€-195k▼ 39.0%€-248k▼ 27.1%€-306k▼ 23.2%
Operating result€-22k-€-37k▼ 72.2%€-50k▼ 34.1%€-48k▲ 3.5%€-54k▼ 11.6%
Net result€-24k-€-39k▼ 64.8%€-55k▼ 39.1%€-53k▲ 3.6%€-58k▼ 8.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €54k in 2025 against €48k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €368k
Fixed assets
€356k▼ 7.8%
Current assets
€12k▲ 5.7%
Key figures and ratios
EBITDA
€-8k▼
2024 · €-3k
Cash flow
€-11k▼
2024 · €-7k
Solvency
-83.2%▼
2024 · -62.5%
Current ratio
0.02▼
2024 · 0.02
Quick ratio
0.02▼
2024 · 0.02
Debt / equity
-2.20▲
2024 · -2.60
ROA
-15.6%▼
2024 · -13.3%
Interest coverage
-2.57▼
2024 · -0.73
Debt
€674k▲
2024 · €646k
Debt ≤ 1 year
€654k▲
2024 · €608k
Debt > 1 year
€16k▼
2024 · €35k
Income taxes
€441▼
2024 · €485
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€397k€368k▼
Fixed assets21/28€386k€356k▼
Tangible fixed assets22/27€386k€356k▼
Land and buildings22€384k€353k▼
Plant, machinery and equipment23€521€495▼
Furniture and vehicles24€947€2k▲
Current assets29/58€11k€12k▲
Amounts receivable within one year40/41€4k€8k▲
Trade receivables40€2k€7k▲
Other amounts receivable41€2k€785▼
Cash at bank and in hand54/58€5k€1k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€397k€368k▼
Equity10/15€-248k€-306k▼
Contributions10/11€45k€45k=
Profit (loss) carried forward14€-293k€-351k▼
Amounts payable17/49€646k€674k▲
Amounts payable after more than one year17€35k€16k▼
Financial debts170/4€35k€16k▼
Amounts payable within one year42/48€608k€654k▲
Current portion of amounts payable after more than one year42€26k€18k▼
Trade debts44€2k€9k▲
Suppliers440/4€2k€9k▲
Taxes, remuneration and social security45€972€485▼
Taxes450/3€972€485▼
Other amounts payable47/48€579k€626k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€46k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-480€-5k▼
Operating profit (loss)9901€-48k€-54k▼
Financial income75/76B-€3
Recurring financial income75-€3
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-52k€-57k▼
Income taxes67/77€485€441▼
Profit (loss) for the period9904€-53k€-58k▼
Profit (loss) for the period to be appropriated9905€-53k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-293k€-351k▼
Profit (loss) brought forward from the previous period14P€-240k€-293k▼
The notes to these accounts (6 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Waterloo · 1 establishment unit since 2016
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.
Avenue Princesse Paola 501410 WaterlooGround area
136 m²
Building footprint
136 m²
Parcel 25763M0510/00_000, Wallonia. Linked by address, not a title deed.
1 establishment unit
BOREEAL
since 20162.254.591.784
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0510/00_000 | Wallonia | 136 m² | 1 · 136 m² | - |
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.
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GLOWING MINDS
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Of 82,518 companies in sector 70200 we hold annual accounts for 52,573. 36,539 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2016
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
55203Holiday cottages, homes and apartments
93127Equestrian clubs
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.