Financials
Financial year 2025
BORG from Balen, company number BE0846134166, closed financial year 2025 with a result of € 46,430 after tax. For that financial year BORG recorded a gross margin of € 147,092 and equity of € 242,818. Compared with financial year 2024, the result moved from € 51,036 to € 46,430. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 242,818
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 46,430
▼ 9% vs 2024
Profit after tax over the fiscal year.
€ 17,668
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,600 paid out
3 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 36,563
▼ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 632,571
▼ 8% vs 2024
€ 48,871 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 645
▼ 71% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,136
▼ 9% 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 | € 103,417 | € 133,788 | € 134,331 | € 147,092 | ▲ 9% |
| Profit after taxes | € 31,101 | € 57,502 | € 51,036 | € 46,430 | ▼ 9% |
| Equity | € 133,949 | € 189,852 | € 197,988 | € 242,818 | ▲ 23% |
| Total debts | € 821,094 | € 770,212 | € 714,983 | € 651,799 | ▼ 9% |
| Cash | € 27,783 | € 55,268 | € 30,666 | € 17,668 | ▼ 42% |
| Land & buildings | € 739,792 | € 708,971 | € 678,945 | € 649,246 | ▼ 4% |
| Retained profit | € 123,349 | € 179,252 | € 187,388 | € 232,218 | ▲ 24% |
| Dividend | € 0 | € 1,600 | € 42,900 | € 1,600 | ▼ 96% |
| Bank debt | € 804,778 | € 748,164 | € 690,765 | € 632,571 | ▼ 8% |
| Balance sheet total | € 955,044 | € 960,064 | € 912,971 | € 894,617 | ▼ 2% |
Key figures of BORG, 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 BORG?
What happened at BORG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 46,430 (▼ 9% vs 2024). Source: NBB ↗
- New establishment in Balen. KBO
- Start of the company according to the CBE. KBO
In short
From € 31,101 profit in 2022 to € 46,430 profit in 2025.
Paid € 54,225 in corporate taxes since 2022.
Best year ever: 2023, with € 57,502 profit.
Paid out € 46,100 in dividends to the owners in total.
Management
Behind BORG is Erik Borgmans. It owns 48.8% of De Koer itself.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Kerkstraat 19
2490 Balen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0846.134.166
- VAT number
- BE 0846.134.166
- Registered office
- Kerkstraat 19, 2490 Balen
- Names & denominations
- BORG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 May 2012
- Peppol
- Active · Active since 5 Mar 2025
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