Financials
Financial year 2025
BOREX from Waterloo, company number BE0431685731, closed financial year 2025 with a result of € 52,823 after tax. For that financial year BOREX recorded a gross margin of € 59,798 and equity of € 213,429. Compared with financial year 2024, the result moved from € -75,742 to € 52,823. 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 May 12, 2026.
€ 213,429
▲ 33% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 52,823
▲ still € 75,742 loss in 2024
Profit after tax over the fiscal year.
€ 81,308
▼ 14% 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 € 194,829.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 5,007
▲ 188% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,794
▼ 27% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 39,861 | € 26,120 | € 53,400 | € 59,798 | ▲ 12% |
| Profit after taxes | € -8,842 | € 10,608 | € -75,742 | € 52,823 | ▲ € 128,565 |
| Equity | € 225,740 | € 236,348 | € 160,606 | € 213,429 | ▲ 33% |
| Total debts | € 93,473 | € 97,707 | € 78,359 | € 18,099 | ▼ 77% |
| Cash | € 60,627 | € 86,734 | € 94,653 | € 81,308 | ▼ 14% |
| Retained profit | € 207,140 | € 217,748 | € 142,006 | € 194,829 | ▲ 37% |
| Bank debt | € 5,072 | € 1,707 | € 0 | € 0 | |
| Balance sheet total | € 319,213 | € 334,055 | € 238,965 | € 231,528 | ▼ 3% |
Key figures of BOREX, 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 BOREX?
What happened at BOREX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 52,823. Source: NBB ↗
- New establishment in Waterloo. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,842 loss in 2022 to € 52,823 profit in 2025.
Paid € 46,854 in corporate taxes since 2022.
Best year ever: 2025, with € 52,823 profit.
Management
Behind BOREX is STEPHANE BORSEN.
Directors
According to the 2025 annual accounts
STEPHANE BORSEN
Manager
Establishments
Establishment units
Physical locations of this company
Boulevard de la Cense 19 box 1
1410 Waterloo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.685.731
- VAT number
- BE 0431.685.731
- Registered office
- Boulevard de la Cense 19 bus 1, 1410 Waterloo
- Names & denominations
- BOREX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 July 1987
- Peppol
- Active · Active since 30 Oct 2025
- Activities · NACE
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