JAN BORGMANS
ActiveJAN BORGMANS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €893k and a net result of €149k. Equity is growing by ~10% per year across the filed fiscal years. Its solvency ranks better than 78% of 2138 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+7
Solvency93▲+15
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.1 in 2024), and 33% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
67%
Return on assets
11.2%
Age of the figures
8 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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
9 d early
2023
12 d early
2022
6 d early
2021
30 d late
2020
26 d early
2019
6 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€893k▲ 20.0%
2024 · €744k
2018: €399k
2019: €485k
2020: €578k
2021: €576k
2022: €594k
2023: €632k
2024: €744k
2018 → 2025
Total assets
€1.33M▲ 7.9%
2024 · €1.24M
2018: €1.34M
2019: €1.45M
2020: €1.60M
2021: €1.57M
2022: €1.38M
2023: €1.26M
2024: €1.24M
2018 → 2025
Net result
€149k▲ 32.3%
2024 · €113k
2018: €80k
2019: €96k
2020: €104k
2021: €-2k
2022: €19k
2023: €38k
2024: €113k
2018 → 2025
Working capital
€221k▲ 371%
2024 · €47k
2018: €-82k
2019: €60k
2020: €51k
2021: €-15k
2022: €-14k
2023: €-33k
2024: €47k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€576k-€594k▲ 3.1%€632k▲ 6.4%€744k▲ 17.9%€893k▲ 20.0%
Operating result€28k-€53k▲ 94.0%€77k▲ 44.7%€186k▲ 140%€227k▲ 22.1%
Net result€-2k-€19k€38k▲ 99.3%€113k▲ 197%€149k▲ 32.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 22% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.33M
Fixed assets
€785k▲ 6.5%
Current assets
€549k▲ 9.8%
Equity and liabilities €1.33M
Equity
€893k▲ 20.0%
Debt
€440k▼ 10.5%
The debt ratio falls from 39.8% to 33.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€308k▲
2024 · €277k
Cash flow
€231k▲
2024 · €204k
Solvency
67.0%▲
2024 · 60.2%
Current ratio
1.67▲
2024 · 1.10
Quick ratio
1.09▲
2024 · 0.67
Debt / equity
0.49▼
2024 · 0.66
ROE
16.7%▲
2024 · 15.1%
ROA
11.2%▲
2024 · 9.1%
Interest coverage
28.40▲
2024 · 13.74
Debt
€440k▼
2024 · €492k
Debt ≤ 1 year
€328k▼
2024 · €453k
Debt > 1 year
€97k▲
2024 · €38k
Income taxes
€67k▲
2024 · €53k
Staff costs
€527k▲
2024 · €476k
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€1.24M€1.33M▲
Fixed assets21/28€736k€785k▲
Intangible fixed assets21€477-
Tangible fixed assets22/27€736k€784k▲
Land and buildings22€612k€578k▼
Plant, machinery and equipment23€45k€167k▲
Furniture and vehicles24€35k€26k▼
Leasing and similar rights25€26k-
Other tangible fixed assets26€18k€14k▼
Financial fixed assets28€250€250=
Current assets29/58€500k€549k▲
Stocks and contracts in progress3€197k€191k▼
Stocks30/36€197k€191k▼
Amounts receivable within one year40/41€93k€259k▲
Trade receivables40€66k€222k▲
Other amounts receivable41€28k€37k▲
Cash at bank and in hand54/58€202k€86k▼
Deferred charges and accrued income490/1€8k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.33M▲
Equity10/15€744k€893k▲
Contributions10/11€22k€22k=
Reserves13€722k€871k▲
Tax-exempt reserves132€19k€19k=
Distributable reserves133€704k€853k▲
Amounts payable17/49€492k€440k▼
Amounts payable after more than one year17€38k€97k▲
Financial debts170/4€38k€97k▲
Amounts payable within one year42/48€453k€328k▼
Current portion of amounts payable after more than one year42€90k€19k▼
Financial debts43€162k€7k▼
Credit institutions430/8€162k€7k▼
Trade debts44€75k€179k▲
Suppliers440/4€75k€179k▲
Taxes, remuneration and social security45€24k€71k▲
Taxes450/3€24k€71k▲
Other amounts payable47/48€103k€52k▼
Accrued charges and deferred income492/3€1k€15k▲
Income statement
Code20242025
Remuneration, social security and pensions62€476k€527k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€92k€81k▼
Other operating charges640/8€16k€54k▲
Gross operating margin9900€769k€889k▲
Operating profit (loss)9901€186k€227k▲
Financial income75/76B€72€260▲
Recurring financial income75€72€260▲
Financial charges65/66B€20k€11k▼
Recurring financial charges65€20k€11k▼
Profit (loss) for the period before taxes9903€166k€216k▲
Income taxes67/77€53k€67k▲
Profit (loss) for the period9904€113k€149k▲
Profit (loss) for the period to be appropriated9905€113k€149k▲
Appropriation of the result
Profit (loss) to be appropriated9906€151k€149k▼
Profit (loss) brought forward from the previous period14P€38k-
Transfer to equity691/2€151k€149k▼
To other reserves6921€151k€149k▼
Social balance
Average headcount (FTE)90877.78.1▲
The notes to these accounts (14 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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment11 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment11 facts ▸
- General meeting, 12/12/2025
- Director resignation, Kurt Borgmans (niet-statutaire bestuurder)
- Director resignation, Kris Borgmans (niet-statutaire bestuurder)
- Director appointment, CommV KUBOR (niet-statutaire bestuurder)
- Mandate compensation, CommV KUBOR
- Permanent representative, Kurt Borgmans
- Director appointment, CommV BMAN (niet-statutaire bestuurder)
- Mandate compensation, CommV BMAN
- Permanent representative, Kris Borgmans
- Power of attorney, Kurt Borgmans
- Power of attorney, Kris Borgmans
2025
31-12
Financial
Highest result since 2018net €149k ▲32.3%
Operating result €227k, net result €149k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €-2k ▼102%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €578k ▲19.2%
3 profitable years in a row build equity to €578k.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 directors, last change in 2025
CommV BMAN
CurrentNon-statutory director · since 01-12-2025 · Legal entity · perm. rep.: Kris Borgmans
CommV KUBOR
CurrentNon-statutory director · since 01-12-2025 · Legal entity · perm. rep.: Kurt Borgmans
01-12-2025
CommV BMAN: Appointed as Non-statutory director
01-12-2025
CommV KUBOR: Appointed as Non-statutory director
01-12-2025
BORGMANS Kris: Resigned as Non-statutory director
01-12-2025
BORGMANS Kurt: Resigned as Non-statutory director
07-12-2023
BORGMANS Kris: Resigned as Manager
07-12-2023
BORGMANS Kurt: Resigned as Manager
07-12-2023
BORGMANS Els: Resigned as Manager
07-12-2023
BORGMANS Joannes: Resigned as Manager
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 2004
Ground area
3,228 m²
Building footprint
1,660 m²
Volume, LiDAR
9,524 m³
Parcel 13453O0898/00K000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
JAN BORGMANS
since 20042.139.501.878
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0898/00K000 | Flanders | 3,228 m² | 1 · 1,659 m² | 9.1 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 29,531 companies in sector 41001 we hold annual accounts for 15,863. 6,814 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-09-2004
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43320Joinery installation
45211
45421
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.