Warning lights
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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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BOREALIS KALLO from Beringen, company number BE0432746692, closed financial year 2025 with a result of € 9 million after tax. For that financial year BOREALIS KALLO recorded revenue of € 163.8 million and equity of € 340.5 million. Compared with financial year 2024, the result moved from € -7.3 million to € 9 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 11, 2026.
€ 340.5 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9 million
▲ still € 7.3 million loss in 2024
Profit after tax over the fiscal year.
€ 800,734
▼ 48% 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 € 46 million.
People and assets in 2025
320.2
▼ 10.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 61.2 million
▲ 10% vs 2024
€ 191,000 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.
€ 519,768
▲ 57% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.5 billion
▲ 28% vs 2024
Loans from banks and other lenders, long and short.
€ 137.8 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 1086 days on average.
€ 20.1 million
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 116,131,630 | € 147,510,224 | € 165,545,908 | € 163,791,021 | ▼ 1% |
| Profit after taxes | € 3,137,677 | € 3,692,916 | € -7,336,624 | € 8,979,413 | ▲ € 16.3 million |
| Equity | € 335,213,417 | € 338,906,333 | € 331,569,710 | € 340,549,123 | ▲ 3% |
| Total debts | € 739,330,973 | € 1,050,135,439 | € 1,380,476,936 | € 1,697,399,631 | ▲ 23% |
| Cash | € 5,900,053 | € 1,897,120 | € 1,533,535 | € 800,734 | ▼ 48% |
| Land & buildings | € 5,490,476 | € 6,248,689 | € 5,983,824 | € 5,508,024 | ▼ 8% |
| Retained profit | € 40,638,241 | € 44,331,157 | € 36,994,534 | € 45,973,947 | ▲ 24% |
| Bank debt | € 641,662,660 | € 890,078,389 | € 1,186,226,779 | € 1,520,472,602 | ▲ 28% |
| Balance sheet total | € 1,080,668,443 | € 1,401,189,671 | € 1,738,169,560 | € 2,056,555,750 | ▲ 18% |
| Employees (FTE) | 320.5 | 323 | 331.1 | 320.2 | ▼ 10.9 |
Key figures of BOREALIS KALLO, 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 BOREALIS KALLO?
What happened at BOREALIS KALLO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Louis Desal stepped down as director. NBB
- Wim De Smet stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9 million. Source: NBB ↗
- Thomas Van De Velde stepped down as director. NBB
- Louis Desal became a director. NBB
- Wim De Smet became a director. NBB
- Thomas Van De Velde became a director. NBB
- New establishment in Mechelen. KBO
In short
From € 3.1 million profit in 2022 to € 9 million profit in 2025.
Paid € 11.4 million in corporate taxes since 2022.
Best year ever: 2025, with € 9 million profit.
Management
The shares are held by Borealis GmbH (100%).
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Thomas Van De Velde
Director
Also active at: The European Petrochemical Association, BOREALIS POLYMERS, BOREALIS ANTWERPEN, Renasci
since 2014 · until 2026
since 2023 · until 2029
Shareholders
Borealis GmbH
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industrieweg 148
3583 Beringen
Sint-Jansweg(KAL) 2
9130 Beveren-Kruibeke-Zwijndrecht
Active since 1 June 1990
Schaliënhoevedreef 20 box G
2800 Mechelen
Active since 15 September 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0432.746.692
- VAT number
- BE 0432.746.692
- Registered office
- Industrieweg 148, 3583 Beringen
- Names & denominations
- BOREALIS KALLO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 December 1987
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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