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 60 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BORAMA from La Hulpe, company number BE0476908022, closed financial year 2025 with a result of € -2,035 after tax. For that financial year BORAMA recorded a gross margin of € 97,033 and equity of € 97,641. Compared with financial year 2024, the result moved from € 26,160 to € -2,035. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 97,641
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2,035
▼ still € 26,160 profit in 2024
Profit after tax over the fiscal year.
€ 19,679
▼ 22% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 47,641.
People and assets in 2025
€ 74,988
▲ 6% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 372
▼ 62% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 39,884
▼ 24% vs 2024
€ 1,324 is repaid this year. At this pace the long-term loan is gone in ≈ 28 years.
€ 40,526
▼ 16% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,495
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 88,049 | € 95,756 | € 109,007 | € 97,033 | ▼ 11% |
| Profit after taxes | € 17,158 | € 17,386 | € 26,160 | € -2,035 | ▼ € 28,195 |
| Equity | € 56,130 | € 73,516 | € 99,676 | € 97,641 | ▼ 2% |
| Total debts | € 162,524 | € 146,190 | € 117,366 | € 100,905 | ▼ 14% |
| Cash | € 30,706 | € 8,369 | € 25,382 | € 19,679 | ▼ 22% |
| Retained profit | € 6,130 | € 23,516 | € 49,676 | € 47,641 | ▼ 4% |
| Bank debt | € 91,922 | € 70,140 | € 52,157 | € 39,884 | ▼ 24% |
| Balance sheet total | € 218,655 | € 219,707 | € 217,042 | € 198,546 | ▼ 9% |
Key figures of BORAMA, 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 BORAMA?
What happened at BORAMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2,035 (▼ € 28,195 vs 2024). Source: NBB ↗
- Henri Fastré became a director. NBB
- New establishment in La Hulpe. KBO
- Cédric Born became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 17,158 profit in 2022 to € 2,035 loss in 2025.
Paid € 22,034 in corporate taxes since 2022.
Best year ever: 2024, with € 26,160 profit.
Management
Behind BORAMA are Henri Fastré and Cédric Born. Henri Fastré is also behind GERARD - MAMBOURG.
Directors
According to the 2025 annual accounts
since 2007
Cédric Born
Director
since 2002
Establishments
Establishment units
Physical locations of this company
Rue des Combattants 40
1310 La Hulpe
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0476.908.022
- VAT number
- BE 0476.908.022
- Registered office
- Rue des Combattants 40, 1310 La Hulpe
- Names & denominations
- BORAMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 February 2002
- Peppol
- Active · Active since 9 Dec 2025
- Contact
- [email protected]
- Activities · NACE
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