Borly Construct
ActiveSummary
The computed 12-month bankruptcy probability of Borly Construct is 1.9% (moderate). The 2025 annual accounts show equity of €19k and a net result of €63k. Equity is shrinking by ~14.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 9% of 7777 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+79
Solvency28▲+14
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.0 in 2024; short-term debt: 73.1% and cash: 2% of total assets), and 96.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
3.5%
Return on assets
11.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 3 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 · 6 filingsDeviation from the deadline
2025
19 d late
2024
59 d early
2023
84 d early
2022
62 d early
2021
4 d late
2020
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€19k
2024 · €-44k
2020: €7k
2021: €6k
2022: €4k
2023: €4k
2024: €-44k
2020 → 2025
Total assets
€536k▲ 31.1%
2024 · €409k
2020: €23k
2021: €206k
2022: €424k
2023: €135k
2024: €409k
2020 → 2025
Net result
€63k
2024 · €-48k
2020: €5k
2021: €-1k
2022: €-1k
2023: €50
2024: €-48k
2020 → 2025
Working capital
€63k
2024 · €-1k
2020: €306
2021: €46k
2022: €74k
2023: €30k
2024: €-1k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€4k▼ 26.3%€4k▲ 1.2%€-44k€19k
Operating result€-918-€-459▲ 50.0%€3k€-46k€70k
Net result€-1k-€-1k▼ 22.3%€50€-48k€63k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €70k after a loss of €46k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €536k
Fixed assets
€81k ▼ 1.6%
Current assets
€455k ▲ 39.4%
Equity and liabilities €536k
Equity
€19k
Debt
€517k
Debt finances 96.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€70k▲
2024 · €-42k
Cash flow
€63k▲
2024 · €-44k
Current ratio
1.16▲
2024 · 1.00
Quick ratio
0.38▲
2024 · 0.13
Debt to equity
27.58▲
2024 · -10.34
ROE
333.5%
ROA
11.7%▲
2024 · -11.7%
Interest coverage
23.55▲
2024 · -21.47
Debt ≤ 1 year
€392k▲
2024 · €327k
Debt > 1 year
€126k=
2024 · €126k
Income taxes
€4k▲
2024 · €75
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€409k€536k▲
Fixed assets21/28€83k€81k▼
Tangible fixed assets22/27€3k€1k▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€3k€1k▼
Financial fixed assets28€80k€80k=
Current assets29/58€326k€455k▲
Stocks and contracts in progress3€284k€304k▲
Stocks30/36€284k€304k▲
Amounts receivable within one year40/41€38k€138k▲
Other amounts receivable41€38k€138k▲
Cash at bank and in hand54/58€4k€11k▲
Deferred charges and accrued income490/1€565€2k▲
Equity and liabilities
Total equity and liabilities10/49€409k€536k▲
Equity10/15€-44k€19k▲
Contributions10/11€2k€2k=
Reserves13€0€17k▲
Distributable reserves133€0€17k▲
Profit (loss) carried forward14€-46k€0▲
Amounts payable17/49€453k€517k▲
Amounts payable after more than one year17€126k€126k=
Financial debts170/4€126k€126k=
Amounts payable within one year42/48€327k€392k▲
Financial debts43€283k€261k▼
Credit institutions430/8€283k€261k▼
Trade debts44€17k€41k▲
Suppliers440/4€17k€41k▲
Advances received on contracts in progress46-€1k
Taxes, remuneration and social security45€3k€74k▲
Taxes450/3€3k€74k▲
Other amounts payable47/48€25k€15k▼
Income statement
Code20242025
Non-recurring operating income76A-€909
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€625▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€-41k€72k▲
Operating profit (loss)9901€-46k€70k▲
Financial income75/76B€44€14▼
Recurring financial income75€44€14▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-48k€67k▲
Income taxes67/77€75€4k▲
Profit (loss) for the period9904€-48k€63k▲
Profit (loss) for the period to be appropriated9905€-48k€63k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-48k€17k▲
Profit (loss) brought forward from the previous period14P-€-46k
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€0€17k▲
To other reserves6921€0€17k▲
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (17 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
14-09
State Gazette act
Registered officeRegistered-office move · Power of attorney3 facts ▸
State Gazette act
Registered office
Registered-office move · Power of attorney3 facts ▸
- Board meeting, 08-09-2026
- Registered-office move, Voorstraat 70, 3500 Hasselt
- Power of attorney, FINEKO NV
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
31-12
Financial
Back to profitnet €63k
Net result €63k after one loss-making year.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-48k ▼95637%
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €50
Net result €50 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.59
Current ratio from 1.29 to 2.59; short-term debt falls from €258k to €19k.
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2019
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.
Voorstraat 703500 HasseltGround area
880 m²
Building footprint
131 m²
Volume, LiDAR
859 m³
Parcel 71323C0008/00Z002, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Borly Construct
since 20192.294.369.209
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71323C0008/00Z002 | Flanders | 880 m² | 1 · 131 m² | 11.0 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.
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Of 4,012 companies in sector 43310 we hold annual accounts for 1,745. 1,319 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43331Floor and wall tiling
43422Screed work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.