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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Boreta from Malmedy, company number BE0402317495, closed financial year 2025 with a result of € 1.4 million after tax. For that financial year Boreta recorded a gross margin of € 2.2 million and equity of € 4 million. Compared with financial year 2024, the result moved from € 757,884 to € 1.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ 4 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.4 million
▲ 89% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.2 million paid out
84 % of the profit went to the shareholders, mostly to FIBO (96 % of the shares). That is where the money ends up.
People and assets in 2025
6.2
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 589,183
▲ 16% vs 2024
€ 95,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2.3 million
▼ 12% vs 2024
Of which on lease € 2.3 million.
Debts at end 2025
€ 2.8 million
▼ 14% vs 2024
€ 583,406 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.1 million
▼ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 111,303
▲ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,169,260 | € 1,350,627 | € 1,745,182 | € 2,222,407 | ▲ 27% |
| Profit after taxes | € 96,448 | € 299,841 | € 757,884 | € 1,431,354 | ▲ 89% |
| Equity | € 4,514,352 | € 4,789,558 | € 3,829,906 | € 4,043,723 | ▲ 6% |
| Total debts | € 5,828,004 | € 5,191,155 | € 7,023,643 | € 5,214,132 | ▼ 26% |
| Cash | € 540,025 | € 887,524 | € 969,829 | € 1,253,557 | ▲ 29% |
| Land & buildings | € 1,061,230 | € 1,061,230 | € 1,061,230 | € 20,953 | ▼ 98% |
| Retained profit | € 4,086,197 | € 4,186,038 | € 3,243,922 | € 3,475,276 | ▲ 7% |
| Dividend | € 200,000 | € 200,000 | € 1,700,000 | € 1,200,000 | ▼ 29% |
| Bank debt | € 4,214,194 | € 3,724,696 | € 3,269,220 | € 2,809,443 | ▼ 14% |
| Balance sheet total | € 11,538,828 | € 11,177,185 | € 12,050,020 | € 10,454,327 | ▼ 13% |
| Employees (FTE) | 5.8 | 5.9 | 5.9 | 6.2 | ▲ 0.3 |
Key figures of Boreta, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Boreta?
What happened at Boreta in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michel BODARWE stepped down as director. NBB
- Jean-Marie BODARWE stepped down as director. NBB
- Nathalie KÜPPER stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.4 million (▲ 89% vs 2024). Source: NBB ↗
- New establishment in Baelen. KBO
- New establishment in Malmedy. KBO
- Michel BODARWE became a director. NBB
- Jean-Marie BODARWE became a director. NBB
In short
From € 96,448 profit in 2022 to € 1.4 million profit in 2025.
Paid € 570,163 in corporate taxes since 2022.
Best year ever: 2025, with € 1.4 million profit.
On average € 358,500 of value added per employee in 2025.
Management
The stake of FIBO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BoretaThe shares are held by FIBO (96%). It owns 99% of A. Dethier SPRL, 60% of Pierre de Waimes SA, 50% of NB BETON SA, 37% of BODARWE SA and 33% of Probemal SA itself.
Directors
According to the 2025 annual accounts
Michel BODARWE
Chairman of the board
Also active at: A. DETHIER, BODARWE CARRIERES, BODARWE, PROBEMAL, SOGIMAL, PIERRE DE WAIMES, CARRIERES SCHAUSS, MATHONET +8 more
since 2022 · until 2028
Jean-Marie BODARWE
Director
Also active at: BODARWE CARRIERES, REWA-BETON, PROBEMAL, PIERRE DE WAIMES, FIBO, BODARWE IMMO, GOVEMA, TRANSPORTS BODARWE MALMEDY
since 2022 · until 2028
Nathalie KÜPPER
Director
Also active at: BODARWE CARRIERES, BODARWE, PROBEMAL, PIERRE DE WAIMES, BODARWE IMMO, TRANSPORTS BODARWE MALMEDY
since 2022 · until 2028
Shareholders
96%
Participations
Establishments
Establishment units
Physical locations of this company
Baugnez-Route de Luxembourg 16
4960 Malmedy
Rue de l'Arkose 1
4950 Waimes
Active since 1 June 1964
Rue du Minerai *
4837 Baelen
Active since 13 November 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →A. DETHIER same network
€ 13,774 gross margin · 2025
BODARWE CARRIERES same network
€ 1.9 million gross margin · 2025
PROBEMAL same network
€ 1.5 million gross margin · 2025
PIERRE DE WAIMES same network
€ 269,828 gross margin · 2025
CARRIERES SCHAUSS same network
€ 12,841 gross margin · 2025
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.317.495
- VAT number
- BE 0402.317.495
- Registered office
- Baugnez-Route de Luxembourg 16, 4960 Malmedy
- Names & denominations
- Boreta
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 June 1964
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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