Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 28.1 to 17.7.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BORIT from Geel, company number BE0823517924, closed financial year 2025 with a result of € -3.9 million after tax. For that financial year BORIT recorded revenue of € 3.3 million and equity of € 20 million. Compared with financial year 2024, the result moved from € -4 million to € -3.9 million. The company made a loss. 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 June 17, 2026.
€ 20 million
▲ 44% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.9 million
▲ 2 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3 million
▲ 235% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7 million.
People and assets in 2025
17.7
▼ 9.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▼ 25% vs 2024
€ 101,900 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.
€ 444,047
▼ 47% vs 2024
Of which on lease € 357,327.
Debts at end 2025
€ 359,370
▼ 95% vs 2024
€ 225,339 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 330,320
▼ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 41 days on average.
€ 189,442
▼ 51% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,838,808 | € 6,837,651 | € 4,911,129 | € 3,349,500 | ▼ 32% |
| Profit after taxes | € -456,274 | € 1,349,295 | € -4,010,124 | € -3,916,724 | ▲ € 93,400 |
| Equity | € 15,087,177 | € 17,914,455 | € 13,904,331 | € 19,987,607 | ▲ 44% |
| Total debts | € 18,866,524 | € 12,977,432 | € 15,523,125 | € 5,606,606 | ▼ 64% |
| Cash | € 4,203,871 | € 1,970,005 | € 901,791 | € 3,021,963 | ▲ 235% |
| Retained profit | € -455,274 | € 893,021 | € -3,117,103 | € -7,033,827 | ▼ € 3.9 million |
| Bank debt | € 1,419,388 | € 2,066,671 | € 6,587,341 | € 359,370 | ▼ 95% |
| Balance sheet total | € 33,953,701 | € 30,891,887 | € 29,427,457 | € 25,609,838 | ▼ 13% |
| Employees (FTE) | 27.9 | 28.1 | 27.3 | 17.7 | ▼ 9.6 |
Key figures of BORIT, 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 BORIT?
What happened at BORIT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Hui Shi stepped down as director. NBB
- Feng Xu stepped down as director. NBB
- Gang Li stepped down as director. NBB
- Liangyu Cao stepped down as director. NBB
- Sheng Xu stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.9 million. Source: NBB ↗
- Xiaodong Wang stepped down as director. NBB
- Hui Shi became a director. NBB
In short
From € 456,274 loss in 2022 to € 3.9 million loss in 2025.
Best year ever: 2023, with € 1.3 million profit.
Pays suppliers within 41 days on average.
A new publication or filing at BORIT? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Weifu Holding ApS (100%). It owns 100% of BORIT INC, 43.4% of Precors GMBH and 15% of Wuxi Weifu Qinglong Power Technology Co. LTD itself.
Directors
According to the 2025 annual accounts
Hui Shi
Managing director
since 2025 · until 2031
Feng Xu
Director
since 2025 · until 2031
Gang Li
Director
since 2025 · until 2031
Liangyu Cao
Director
since 2025 · until 2031
Sheng Xu
Director
since 2023 · until 2029
Xiaodong Wang
Chairman of the board
since 2020 · until 2026
Shareholders
Weifu Holding ApS
100%
Participations
BORIT INC
100%
Precors GMBH
43.4%
Wuxi Weifu Qinglong Power Technology Co. LTD
15%
Establishments
Establishment units
Physical locations of this company
Lammerdries 18 box E
2440 Geel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
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+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Network
Details
- Company number
- 0823.517.924
- VAT number
- BE 0823.517.924
- Registered office
- Lammerdries 18 bus E, 2440 Geel
- Names & denominations
- BORIT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 March 2010
- Peppol
- Active · Active since 7 Nov 2025
- Contact
- borit.be
- Activities · NACE
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