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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
BORAN from Watermaal-Bosvoorde, company number BE0467033818, closed financial year 2025 with a result of € -531,071 after tax. For that financial year BORAN recorded a gross margin of € 20,879 and equity of € -1.3 million. Compared with financial year 2024, the result moved from € -13,668 to € -531,071. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ -1.3 million
▼ € 531,071 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -531,071
▼ 3786 % more loss than in 2024
Profit after tax over the fiscal year.
€ 60,619
▲ € 50,632 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.3 million.
Debts at end 2025
€ 2.1 million
Loans from banks and other lenders, long and short.
€ 4,636
▲ 127% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 490,982 | € 30,583 | € 29,657 | € 20,879 | ▼ 30% |
| Profit after taxes | € 13,216 | € -1,005,272 | € -13,668 | € -531,071 | ▼ € 517,403 |
| Equity | € 240,109 | € -765,162 | € -778,830 | € -1,309,902 | ▼ € 531,071 |
| Total debts | € 2,252,556 | € 2,128,414 | € 2,148,778 | € 2,154,987 | |
| Cash | € 50,203 | € 17,672 | € 9,987 | € 60,619 | ▲ € 50,632 |
| Land & buildings | € 297,455 | € 273,141 | € 262,567 | € 225,966 | ▼ 14% |
| Retained profit | € -711,701 | € -1,716,972 | € -1,730,640 | € -2,261,712 | ▼ € 531,071 |
| Bank debt | € 2,238,233 | € 2,125,640 | € 2,145,640 | € 2,145,640 | |
| Balance sheet total | € 2,492,665 | € 1,363,252 | € 1,369,948 | € 845,085 | ▼ 38% |
Key figures of BORAN, 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 BORAN?
What happened at BORAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 531,071. filed late Source: NBB ↗
- New establishment in Etterbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 13,216 profit in 2022 to € 531,071 loss in 2025.
Best year ever: 2022, with € 13,216 profit.
Management
Behind BORAN is René BELTJENS. René BELTJENS is also behind MINGLE GROUP.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Charle-Albertlaan 6
1170 Watermaal-Bosvoorde
Pater Eudore Devroyestraat 43
1040 Etterbeek
Active since 30 August 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0467.033.818
- VAT number
- BE 0467.033.818
- Registered office
- Charle-Albertlaan 6, 1170 Watermaal-Bosvoorde
- Names & denominations
- BORAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 October 1999
- Peppol
- Active · Active since 26 Sept 2025