Borion
ActiveBorion has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-8k) and a net result of €-15k. Equity is shrinking by ~56.1% per year across the filed fiscal years. Its solvency ranks better than 8% of 37976 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
7
/ 100
Critical▼ -44 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency33▲+26
Growth32▼-46
Stability94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.49 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-11.9%
Return on assets
-23.1%
Age of the figures
20 mo
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year -€8k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
20 d early
2022
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-8k
2023 · €7k
2022: €493
2023: €7k
2022 → 2024
Total assets
€65k▼ 1.6%
2023 · €66k
2022: €4k
2023: €66k
2022 → 2024
Net result
€-15k
2023 · €7k
2022: €-2k
2023: €7k
2022 → 2024
Working capital
€-23k▼ 103%
2023 · €-12k
2022: €904
2023: €-12k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€493-€7k▲ 1,393%€-8k
Operating result€-2k-€13k€-12k
Net result€-2k-€7k€-15k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €12k after €13k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65k
Fixed assets
€42k▼ 24.2%
Current assets
€23k▲ 112%
Key figures and ratios
EBITDA
€1k▼
2023 · €25k
Cash flow
€-2k▼
2023 · €18k
Solvency
-11.9%▼
2023 · 11.1%
Current ratio
0.50▲
2023 · 0.49
Quick ratio
0.50▲
2023 · 0.49
Debt / equity
-9.42▼
2023 · 8.03
ROE
194.8%▲
2023 · 93.3%
ROA
-23.1%▼
2023 · 10.3%
Interest coverage
0.47▼
2023 · 9.03
Debt
€73k▲
2023 · €59k
Debt ≤ 1 year
€47k▲
2023 · €23k
Debt > 1 year
€26k▼
2023 · €36k
Income taxes
€387▼
2023 · €4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€66k€65k▼
Fixed assets21/28€55k€42k▼
Tangible fixed assets22/27€55k€42k▼
Leasing and similar rights25€55k€42k▼
Current assets29/58€11k€23k▲
Amounts receivable within one year40/41€4k€18k▲
Trade receivables40€2k€12k▲
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€7k€5k▼
Deferred charges and accrued income490/1-€351
Equity and liabilities
Total equity and liabilities10/49€66k€65k▼
Equity10/15€7k€-8k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€5k€-10k▼
Amounts payable17/49€59k€73k▲
Amounts payable after more than one year17€36k€26k▼
Financial debts170/4€36k€26k▼
Amounts payable within one year42/48€23k€47k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€9k€11k▲
Taxes450/3€9k€11k▲
Other amounts payable47/48€2k€22k▲
Accrued charges and deferred income492/3€64€66▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€27k€2k▼
Operating profit (loss)9901€13k€-12k▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€11k€-15k▼
Income taxes67/77€4k€387▼
Profit (loss) for the period9904€7k€-15k▼
Profit (loss) for the period to be appropriated9905€7k€-15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€5k€-10k▼
Profit (loss) brought forward from the previous period14P€-2k€5k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-15k ▼320%
Net result drops to €-15k, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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 2022
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.
Hoogveldstraat 213724 HasseltGround area
3.0 ha
Building footprint
522 m²
Volume, LiDAR
4,501 m³
Parcel 73090D0614/00Z000, Flanders · tallest building 17.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Borion
since 20222.341.467.063
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73090D0614/00Z000 | Flanders | 3.0 ha | 1 · 522 m² | 17.2 m · 3 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.
Similar companies · same sector, comparable size
LIGHTING CONCEPTION
BE 0779.876.139
Elsene · Eq €7k
Cogito
BE 0743.667.029
Brugge · Eq €7k
TSITA
BE 0777.278.519
Olne · Eq €7k
AIRPORT MANAGEMENT SERVICES
BE 1017.585.824
Zaventem · Eq €7k
MEGATAF
BE 0670.821.415
Mont-Saint-Guibert · Eq €7k
Of 82,201 companies in sector 70200 we hold annual accounts for 52,400. 19,493 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2022
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
68312Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.