BERGHMAN
ActiveSummary
BERGHMAN has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92k and a net result of €21k. Equity is growing by ~32.6% per year across the filed fiscal years. Its solvency ranks better than 46% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+1
Solvency68▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.18 in 2024; short-term debt: 25.6% and cash: 17.1% of total assets), but 56.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
43.2%
Return on assets
9.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
1 d early
2023
8 d early
2022
32 d early
2021
32 d early
2020
29 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€92k▲ 29.4%
2024 · €71k
2018: €21k
2019: €15k
2020: €23k
2021: €27k
2022: €30k
2023: €53k
2024: €71k
2018 → 2025
Total assets
€212k▲ 12.3%
2024 · €189k
2018: €149k
2019: €124k
2020: €137k
2021: €157k
2022: €177k
2023: €220k
2024: €189k
2018 → 2025
Net result
€21k▲ 17.5%
2024 · €18k
2018: €8k
2019: €-6k
2020: €8k
2021: €5k
2022: €3k
2023: €23k
2024: €18k
2018 → 2025
Working capital
€30k▲ 176%
2024 · €11k
2018: €8k
2019: €-3k
2020: €8k
2021: €-18k
2022: €2k
2023: €-4k
2024: €11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€30k▲ 11.5%€53k▲ 74.6%€71k▲ 33.4%€92k▲ 29.4%
Operating result€11k-€6k▼ 45.6%€33k▲ 477%€30k▼ 10.9%€35k▲ 16.6%
Net result€5k-€3k▼ 33.0%€23k▲ 623%€18k▼ 21.8%€21k▲ 17.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212k
Fixed assets
€128k ▲ 8.2%
Current assets
€84k ▲ 19.1%
Equity and liabilities €212k
Equity
€92k ▲ 29.4%
Provisions
€1k ▼ 21.8%
Debt
€119k ▲ 2.4%
Debt's share of the balance-sheet total falls from 61.5% to 56.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€64k▲
2024 · €58k
Cash flow
€50k▲
2024 · €46k
Current ratio
1.55▲
2024 · 1.18
Quick ratio
1.29▲
2024 · 1.01
Debt to equity
1.30▼
2024 · 1.64
ROE
22.7%▼
2024 · 25.0%
ROA
9.8%▲
2024 · 9.4%
Interest coverage
17.91▲
2024 · 15.03
Debt ≤ 1 year
€54k▼
2024 · €60k
Debt > 1 year
€64k▲
2024 · €55k
Income taxes
€12k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€189k€212k▲
Fixed assets21/28€118k€128k▲
Tangible fixed assets22/27€118k€128k▲
Land and buildings22€54k€61k▲
Plant, machinery and equipment23€18k€36k▲
Furniture and vehicles24€40k€31k▼
Leasing and similar rights25€6k€78▼
Financial fixed assets28€10€10=
Current assets29/58€70k€84k▲
Stocks and contracts in progress3€10k€14k▲
Stocks30/36€10k€14k▲
Amounts receivable within one year40/41€18k€28k▲
Trade receivables40€11k€20k▲
Other amounts receivable41€8k€8k▼
Cash at bank and in hand54/58€37k€36k▼
Deferred charges and accrued income490/1€6k€6k▲
Equity and liabilities
Total equity and liabilities10/49€189k€212k▲
Equity10/15€71k€92k▲
Contributions10/11€6k€6k=
Reserves13€65k€85k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Tax-exempt reserves132€6k€4k▼
Distributable reserves133€58k€80k▲
Provisions and deferred taxes16€2k€1k▼
Deferred taxes168€2k€1k▼
Amounts payable17/49€116k€119k▲
Amounts payable after more than one year17€55k€64k▲
Financial debts170/4€40k€49k▲
Other amounts payable178/9€15k€15k=
Amounts payable within one year42/48€60k€54k▼
Current portion of amounts payable after more than one year42€22k€29k▲
Trade debts44€30k€12k▼
Suppliers440/4€30k€12k▼
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€50€1k▲
Remuneration and social security454/9€6k€2k▼
Other amounts payable47/48€2k€12k▲
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Non-recurring operating income76A€13k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€29k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€61k€66k▲
Operating profit (loss)9901€30k€35k▲
Financial income75/76B€98€1k▲
Recurring financial income75€98€1k▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€26k€32k▲
Transfer from deferred taxes780€271€404▲
Transfer to deferred taxes680€2k€0▼
Income taxes67/77€6k€12k▲
Profit (loss) for the period9904€18k€21k▲
Transfer from tax-exempt reserves789€812€1k▲
Transfer to tax-exempt reserves689€6k€0▼
Profit (loss) for the period to be appropriated9905€12k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€22k▲
Transfer to equity691/2€12k€22k▲
To other reserves6921€12k€22k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €23k ▲623%
Net result €23k, the highest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
26-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-6k ▼175%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
11-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Moorslede · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Tuimelarestraat 158890 MoorsledeGround area
2,345 m²
Building footprint
80 m²
Volume, LiDAR
206 m³
Parcel 36012B0866/00D000, Flanders · tallest building 3.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BERGHMAN
since 20122.206.406.243
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012B0866/00D000 | Flanders | 2,345 m² | 1 · 80 m² | 3.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesBERGHMAN BV39139
Similar companies · same sector, comparable size
K&A CONSTRUCT
BE 0695.530.580
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MAT-IMMO
BE 0628.746.674
Charleroi · Eq €91,554
LDX construct
BE 0717.599.367
Zoutleeuw · Eq €91,599
COLLARD PISCINES
BE 0766.259.121
Bertrix · Eq €91,541
FORLAN 3
BE 0466.409.949
Lasne · Eq €91,531
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,247 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
43211General electrical installation work
43212Electrical installation work in industrial facilities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.