BORG
ActiveBORG has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €309k and a net result of €29k. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 16989 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+6
Solvency94▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.94 against 2.71 in 2024; short-term debt: 17.1% and cash: 52.9% of total assets), and 31% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
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
69%
Return on assets
6.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
25 d late
2023
57 d late
2022
60 d late
2021
25 d late
2020
104 d late
2019
90 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€309k▲ 10.2%
2024 · €281k
2018: €148k
2019: €163k
2020: €204k
2021: €237k
2022: €266k
2023: €274k
2024: €281k
2018 → 2025
Total assets
€448k▼ 3.0%
2024 · €462k
2018: €232k
2019: €219k
2020: €265k
2021: €303k
2022: €324k
2023: €335k
2024: €462k
2018 → 2025
Net result
€29k▲ 322%
2024 · €7k
2018: €21k
2019: €15k
2020: €41k
2021: €33k
2022: €30k
2023: €7k
2024: €7k
2018 → 2025
Working capital
€226k▲ 26.4%
2024 · €178k
2018: €121k
2019: €125k
2020: €165k
2021: €194k
2022: €224k
2023: €233k
2024: €178k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€237k-€266k▲ 12.5%€274k▲ 2.7%€281k▲ 2.5%€309k▲ 10.2%
Operating result€49k-€45k▼ 6.4%€15k▼ 67.1%€12k▼ 19.9%€46k▲ 280%
Net result€33k-€30k▼ 8.7%€7k▼ 75.7%€7k▼ 5.8%€29k▲ 322%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 280% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €448k
Fixed assets
€146k▼ 18.6%
Current assets
€302k▲ 6.9%
Equity and liabilities €448k
Equity
€309k▲ 10.2%
Debt
€139k▼ 23.4%
The debt ratio falls from 39.3% to 31.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€79k▲
2024 · €22k
Cash flow
€62k▲
2024 · €17k
Solvency
69.0%▲
2024 · 60.7%
Current ratio
3.94▲
2024 · 2.71
Quick ratio
3.94▲
2024 · 2.71
Debt / equity
0.45▼
2024 · 0.65
ROE
9.3%▲
2024 · 2.4%
ROA
6.4%▲
2024 · 1.5%
Interest coverage
19.71▲
2024 · 10.10
Debt
€139k▼
2024 · €181k
Debt ≤ 1 year
€77k▼
2024 · €104k
Debt > 1 year
€62k▼
2024 · €77k
Income taxes
€13k▲
2024 · €6k
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€462k€448k▼
Fixed assets21/28€179k€146k▼
Tangible fixed assets22/27€166k€133k▼
Land and buildings22€22k€20k▼
Furniture and vehicles24€3k€961▼
Leasing and similar rights25€141k€112k▼
Financial fixed assets28€13k€13k=
Current assets29/58€283k€302k▲
Amounts receivable within one year40/41€39k€60k▲
Trade receivables40€22k€50k▲
Other amounts receivable41€17k€10k▼
Current investments50/53€143k€0▼
Cash at bank and in hand54/58€96k€237k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€462k€448k▼
Equity10/15€281k€309k▲
Contributions10/11€6k€6k=
Reserves13€272k€301k▲
Distributable reserves133€272k€301k▲
Profit (loss) carried forward14€2k€2k=
Amounts payable17/49€181k€139k▼
Amounts payable after more than one year17€77k€62k▼
Financial debts170/4€77k€62k▼
Amounts payable within one year42/48€104k€77k▼
Current portion of amounts payable after more than one year42€26k€15k▼
Financial debts43€59€11▼
Credit institutions430/8€59€11▼
Trade debts44€6k€5k▼
Suppliers440/4€6k€5k▼
Taxes, remuneration and social security45€24k€11k▼
Taxes450/3€24k€11k▼
Other amounts payable47/48€47k€46k▼
Accrued charges and deferred income492/3-€62
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€33k▲
Other operating charges640/8€3k€481▼
Gross operating margin9900€25k€79k▲
Operating profit (loss)9901€12k€46k▲
Financial income75/76B€4k€615▼
Recurring financial income75€560€615▲
Non-recurring financial income76B€4k€0▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€2k€4k▲
Non-recurring financial charges66B€2k€0▼
Profit (loss) for the period before taxes9903€12k€42k▲
Income taxes67/77€6k€13k▲
Profit (loss) for the period9904€7k€29k▲
Profit (loss) for the period to be appropriated9905€7k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€31k▲
Profit (loss) brought forward from the previous period14P€2k€2k=
Transfer to equity691/2€7k€29k▲
To other reserves6921€7k€29k▲
The notes to these accounts (9 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €7k ▼5.8%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 57 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
12-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 104 days late
2020
31-12
Financial
Highest result since 2018net €41k ▲172%
Operating result €61k, net result €41k, both a record.
31-12
Financial
Equity above €200kEq €204k ▲25.3%
3 profitable years in a row build equity to €204k.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Equity above €150kEq €163k ▲10.2%
2 profitable years in a row build equity to €163k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
7 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, Hasselt · 1 establishment unit since 2002
Ground area
1,702 m²
Building footprint
500 m²
Volume, LiDAR
5,090 m³
Parcel 71327G0615/00D010, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BORG BVBA
since 20022.096.237.306
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0615/00D010 | Flanders | 1,702 m² | 1 · 500 m² | 15.7 m · 4 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 738 EUR awarded · 738 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 360 EUR | 360 EUR |
| 2023 | 1 | 378 EUR | 378 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,995 companies in sector 62200 we hold annual accounts for 18,391. 13,666 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-06-2002
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
46500Wholesale of information and communication equipment
46660Wholesale trade
47400Retail sale of information and communication equipment
47410Retail trade
51850
52487
62010Computer programming, consultancy and related activities
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
72220
72300
72500
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:geert.geys@gmail.com
Phone:0496100582