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 52 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
NA BORECH from Grimbergen, company number BE0440693566, closed financial year 2025 with a result of € 8,728 after tax. For that financial year NA BORECH recorded a gross margin of € 21,874 and equity of € 206,803. Compared with financial year 2024, the result moved from € 11,830 to € 8,728. 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 August 31, 2026.
€ 206,803
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,728
▼ 26% vs 2024
Profit after tax over the fiscal year.
€ 7,159
▲ 151% 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 € 144,303.
Debts at end 2025
€ 9,814
▼ 57% vs 2024
Loans from banks and other lenders, long and short.
€ 2,288
▼ 13% 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 | € 28,520 | € 22,650 | € 31,878 | € 21,874 | ▼ 31% |
| Profit after taxes | € 12,306 | € 4,963 | € 11,830 | € 8,728 | ▼ 26% |
| Equity | € 186,244 | € 186,244 | € 198,074 | € 206,803 | ▲ 4% |
| Total debts | € 64,937 | € 47,432 | € 26,539 | € 13,732 | ▼ 48% |
| Cash | € 8,624 | € 1,517 | € 2,852 | € 7,159 | ▲ 151% |
| Land & buildings | € 242,558 | € 232,160 | € 221,761 | € 213,376 | ▼ 4% |
| Retained profit | € 123,744 | € 123,744 | € 135,574 | € 144,303 | ▲ 6% |
| Dividend | € 12,306 | € 4,963 | € 0 | € 0 | |
| Bank debt | € 47,698 | € 35,309 | € 22,684 | € 9,814 | ▼ 57% |
| Balance sheet total | € 251,181 | € 233,676 | € 224,613 | € 220,535 | ▼ 2% |
Key figures of NA BORECH, 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 NA BORECH?
What happened at NA BORECH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,728 (▼ 26% vs 2024). filed late Source: NBB ↗
- New establishment in Grimbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,306 profit in 2022 to € 8,728 profit in 2025.
Paid € 16,147 in corporate taxes since 2022.
Best year ever: 2022, with € 12,306 profit.
Paid out € 17,268 in dividends to the owners in total.
Management
Behind NA BORECH are Lionel FROHLICH, Kristof FROHLICH and Jiri FROHLICH.
Directors
According to the 2025 annual accounts
Lionel FROHLICH
Director
Kristof FROHLICH
Director
Jiri FROHLICH
Managing director
Establishments
Establishment units
Physical locations of this company
Leeuwerikenstraat 18
1850 Grimbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.693.566
- VAT number
- BE 0440.693.566
- Registered office
- Leeuwerikenstraat 18, 1850 Grimbergen
- Names & denominations
- NA BORECH
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 1990
- Peppol
- Not registered