Financials
Financial year 2025
BORVAL.TEC from Ieper, company number BE0429793043, closed financial year 2025 with a result of € 684,954 after tax. For that financial year BORVAL.TEC recorded a gross margin of € 1 million and equity of € 2 million. Compared with financial year 2024, the result moved from € 888,846 to € 684,954. The company is profitable. 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 October 14, 2025.
€ 2 million
▲ 53% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 684,954
▼ 23% vs 2024
Profit after tax over the fiscal year.
€ 192,390
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.8 million.
People and assets in 2025
€ 12,300
▼ 50% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 855,467
▼ 8% vs 2024
€ 75,885 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 19,190
▼ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 23,235
▲ 16% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 333,647 | € 382,536 | € 1,452,790 | € 1,030,266 | ▼ 29% |
| Profit after taxes | € 72,723 | € 130,867 | € 888,846 | € 684,954 | ▼ 23% |
| Equity | € 279,581 | € 409,456 | € 1,298,302 | € 1,983,256 | ▲ 53% |
| Total debts | € 1,182,234 | € 1,698,901 | € 1,017,664 | € 940,973 | ▼ 8% |
| Cash | € 79,617 | € 145,619 | € 1,016,312 | € 192,390 | ▼ 81% |
| Land & buildings | € 671,448 | € 1,281,019 | € 1,137,827 | € 1,007,103 | ▼ 11% |
| Retained profit | € 110,925 | € 240,800 | € 1,129,646 | € 1,814,600 | ▲ 61% |
| Bank debt | € 1,086,779 | € 1,641,499 | € 929,977 | € 855,467 | ▼ 8% |
| Balance sheet total | € 1,512,417 | € 2,155,978 | € 2,318,911 | € 3,119,632 | ▲ 35% |
Key figures of BORVAL.TEC, 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 October 2026.
What happened to BORVAL.TEC?
What happened at BORVAL.TEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 684,954 (▼ 23% vs 2024). Source: NBB ↗
- New establishment in Ieper. KBO
- New establishment in Ieper. KBO
- Start of the company according to the CBE. KBO
In short
From € 72,723 profit in 2022 to € 684,954 profit in 2025.
Paid € 415,768 in corporate taxes since 2022.
Best year ever: 2024, with € 888,846 profit.
Management
Behind BORVAL.TEC is Koen VAN LAERE. Koen VAN LAERE is also behind IMMOVAL, MABALI BELGIUM and Dok Brewing Company.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Bargiestraat 38
8900 Ieper
Rozendaalstraat 45
8900 Ieper
Active since 14 August 1997
Bargiestraat 40
8900 Ieper
Active since 1 December 2012
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0429.793.043
- VAT number
- BE 0429.793.043
- Registered office
- Bargiestraat 38, 8900 Ieper
- Names & denominations
- BORVAL.TEC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 November 1986
- Peppol
- Active · Active since 16 May 2025
- Activities · NACE
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