Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Berkeley Research Group Belgium is 1.6% (moderate). The 2024 annual accounts show negative equity (€-12.16M) and a net result of €-12.21M. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wide| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 01-10-2025 | 62 d late | 2025-00529467 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsAdministrative Flags
Financials
Annual accounts & ratios
Source: NBB · 2024| Fiscal year | 2024 |
|---|---|
| Deposit | ander |
| Revenue | €11.01M |
| EBITDA | €-11.05M |
| Net profit | €-12.21M |
| Cash flow | €-11.96M |
| Staff costs | €6.39M |
| Income taxes | - |
| Dividends | - |
| Total assets | €6.85M |
| Equity | €-12.16M |
| Debt | €19.02M |
| of which ≤ 1y | €18.27M |
| of which > 1y | - |
| Working capital | €-12.59M |
| Employees (FTE) | 6.7 |
| 2024 | |
|---|---|
| Current ratio | 0.31 |
| Quick ratio | 0.31 |
| Working capital ratio | -183.7% |
| Solvency | -177.4% |
| Debt / equity | -1.56 |
| Long-term debt ratio | - |
| Interest coverage | -14.86 |
| Gross margin | -25.4% |
| Net margin | -110.9% |
| ROA | -178.2% |
| ROE | 100.4% |
| EBITDA margin | -100.3% |
| Days sales outstanding | 97d |
| Days payable outstanding | 53d |
| Inventory turnover | - |
| Days inventory (DSI) | 0d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €6.85M |
| Fixed assets | 21/28 | €1.17M |
| Tangible fixed assets | 22/27 | €1.12M |
| Financial fixed assets | 28 | €51k |
| Current assets | 29/58 | €5.68M |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €4.89M |
| Cash & bank | 54/58 | €711k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €6.85M |
| Equity | 10/15 | €-12.16M |
| Contributions / capital | 10/11 | €50k |
| Accumulated profits (losses) | 14 | €-12.21M |
| Amounts payable | 17/49 | €19.02M |
| Amounts payable within one year | 42/48 | €18.27M |
| Trade debts payable within one year | 44 | €1.99M |
| Income statement | ||
| Turnover | 70 | €11.01M |
| Operating result | 9901 | €-11.30M |
| Financial charges | 65 | €913k |
| Result before taxes | 9903 | €-12.21M |
| Net result for the period | 9904 | €-12.21M |
| Result to be appropriated | 9905 | €-12.21M |
Health barometer
FY 2024 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Directors
Directors & mandates
No directors or mandates are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
Statutory auditor
1 auditor| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| VGD BedrijfsrevisorenCurrent Statutory auditor · represented by Maarten Lindemans |
- | 04-04-2025 → present |
Insolvency mandates
Legal Structure
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 14-07-2023 |
| Status | Active |
| Postal code | 1050 |
Structure & network
Connections & network
16 connected companiesLocations & real estate
Registered office
from the Crossroads BankThis address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 1491050 ElseneEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0089/00D007 | Brussels | 3,879 m² | 1 · 2,740 m² | 101.4 m · 7 fl. |
Publications
Lifecycle & Insolvency Signals
Belgisch Staatsblad · acts
5 acts20-04-2026 Act object · Officer resignation · Officer discharge · Officer appointment
- Filing: 2025-03-13 · Berkeley Research Group Belgium
- Publication: 2026-04-20 · Berkeley Research Group Belgium
- Act object: Démission et nomination des administrateurs · Berkeley Research Group Belgium
- Officer resignation: role: administrateur, effective_date: 2026-04-01 · David Michael Johnson
- Officer discharge: type: intermédiaire, period_end: 2026-04-01 · David Michael Johnson
- Officer appointment: role: administrateur, effective_date: 2026-04-01 · Leo Vincent Oran Wing
- Mandate term: indéterminée · Leo Vincent Oran Wing
- Mandate compensation: non rémunéré · Leo Vincent Oran Wing
- Officer appointment: role: administrateur, effective_date: 2026-04-01 · Eric Miller
- Representation rule: chaque administrateur aussi lorsqu'il y en a plusieurs · Berkeley Research Group Belgium
- Power of attorney: mandataires spéciaux · Virginie Frémat
- Power of attorney: mandataires spéciaux · Hélène Carbonnelle
- Power of attorney: mandataires spéciaux · Nino Gabriël
- Power of attorney: mandataires spéciaux · Ruben Romeo
- Power of attorney: mandataires spéciaux · Florian Veys
- Power of attorney: mandataires spéciaux · Mélanie Dangreau
25-08-2025 Registered office moved from Bruxelles-Ville to Ixelles
- Rue Montoyer 47, 1000 Bruxelles-Ville → Avenue Louise 149, 1050 Ixelles
04-04-2025 Maarten Lindemans appointed as statutory auditor
29-09-2023 Registered office moved from Sint-Joost-ten-Node to Bruxelles
- Bolwerklaan 21, 1210 Sint-Joost-ten-Node → Rue Montoyer 47, 1000 Bruxelles
18-07-2023 Incorporation of a new SRL
Analysis
Snowflake analysis
financial profile on 5 axesFragile profile, watch health in particular.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
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Credit advice
verdict per customer and amountSimilar
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Company registry (CBE)
Crossroads Bank| Legal nameFR | Berkeley Research Group Belgium |