BERLAU
ActiveSummary
The annual accounts of BERLAU for fiscal year 2025 show a net loss of 50% of total assets and of 67% of the equity at the start of that year. The 2025 annual accounts show equity of €10,154 and a net result of -€23,348. Equity is shrinking by ~25.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 31% of 1697 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
What they do
Public relations and communication consultancy
NACE 73300NACE 70210NACE 74141
1 site
How big
€46,428total assets 2025
- Equity
- €10,154
- Loss
- -€23,348
Turnover not published (abridged schema)
Who decides
Accounts 12 d early0 of 1 deed read
Why 50- Annual accounts: weaker financial profile- Persistent losses+ Long track record+ Lower-risk legal formLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-4
Solvency47▼-13
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
short-term debt: 0.3% and cash: 0.3% of total assets, and 78.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.9%
Return on assets
-50.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€23,348
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-07-2026, 12 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
12 d early
2024
21 d early
2023
20 d early
2022
18 d early
2021
16 d early
2020
12 d early
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
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. Usually files around 13 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2025Total assets €46,428Loss -€23,348Solvency 21.9%Liquidity 287.19
Total assets
€46,428▼ 53.6%
2018 - 2025
Net result
-€23,348▼ 98.4%
2018 - 2025
Equity
€10,154▼ 71.0%
2018 - 2025
Solvency
21.9%▼ 13.1pp
2018 - 2025
Financials · fiscal year 2025, abbreviated schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€43,521▼ 347%-€24,687▲ 43.3%-€32,816▼ 32.9%-€25,406▲ 22.6%-€26,539▼ 4.5%
Net result-€41,014below the sector's middle half-€23,816below the sector's middle half▲ 41.9%-€30,066below the sector's middle half▼ 26.2%-€11,767below the sector's middle half▲ 60.9%-€23,348below the sector's middle half▼ 98.4%
Equity€100,626within the sector's middle half▼ 29.0%€76,810within the sector's middle half▼ 23.7%€46,744within the sector's middle half▼ 39.1%€34,976within the sector's middle half▼ 25.2%€10,154below the sector's middle half▼ 71.0%
Total assets€377,101above the sector's middle half▼ 21.7%€315,010within the sector's middle half▼ 16.5%€180,691within the sector's middle half▼ 42.6%€99,978within the sector's middle half▼ 44.7%€46,428below the sector's middle half▼ 53.6%
Debt€276,475▼ 18.7%€238,200▼ 13.8%€133,947▼ 43.8%€65,001▼ 51.5%€36,274▼ 44.2%
Working capital€372,281above the sector's middle half▼ 16.4%€314,437above the sector's middle half▼ 15.5%€180,116above the sector's middle half▼ 42.7%€98,171within the sector's middle half▼ 45.5%€45,290within the sector's middle half▼ 53.9%
Solvency26.7%within the sector's middle half▼ 2.7pp24.4%within the sector's middle half▼ 2.3pp25.9%within the sector's middle half▲ 1.5pp35.0%within the sector's middle half▲ 9.1pp21.9%within the sector's middle half▼ 13.1pp
Current ratio78.24above the sector's middle half▲ 52.28
Return on assets (ROA)-10.9%below the sector's middle half▼ 13.6pp-7.6%below the sector's middle half▲ 3.3pp-16.6%below the sector's middle half▼ 9.1pp-11.8%below the sector's middle half▲ 4.9pp-50.3%below the sector's middle half▼ 38.5pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €26,539 in 2025 against €25,406 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46,428
Fixed assets
€980 ▼ 40.2%
Current assets
€45,448 ▼ 53.8%
Equity and liabilities €46,428
Equity
€10,154 ▼ 71.0%
Debt
€36,274 ▼ 44.2%
Debt's share of the balance-sheet total rises from 65.0% to 78.1%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
-€25,880▼
2024 · -€25,069
Cash flow
-€22,689▼
2024 · -€11,431
Debt to equity
3.57▲
2024 · 1.86
ROE
-229.9%▼
2024 · -33.6%
Interest coverage
-5.03▼
2024 · -4.75
Debt ≤ 1 year
€158▼
2024 · €168
Debt > 1 year
€35,600▼
2024 · €64,137
Income taxes
€0▲
2024 · -€10
A ratio outside any meaningful range has been withheld (balance sheet total €46,428, equity €10,154).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.8%
went bankrupt
7.4%
stopped otherwise
89%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,221 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,407 | €0 | €0 | €336 | €658 | ▲ 95.7% |
| Other operating charges640/8 | €459 | €460 | €499 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | -€24,656 | -€24,228 | -€32,316 | -€24,556 | -€25,353 | ▼ 3.2% |
| Operating profit (loss)9901 | -€43,521 | -€24,687 | -€32,816 | -€25,406 | -€26,539 | ▼ 4.5% |
| Financial income75/76B | €7,113 | €5,714 | €8,239 | €18,903 | €8,336 | ▼ 55.9% |
| Recurring financial income75 | €7,113 | €5,714 | €8,239 | €18,903 | €8,336 | ▼ 55.9% |
| Financial charges65/66B | €4,503 | €4,843 | €5,582 | €5,275 | €5,145 | ▼ 2.5% |
| Recurring financial charges65 | €4,503 | €4,843 | €5,582 | €5,275 | €5,145 | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | -€40,911 | -€23,816 | -€30,160 | -€11,777 | -€23,348 | ▼ 98.2% |
| Income taxes67/77 | €104 | €0 | -€93 | -€10 | €0 | ▲ 100% |
| Profit (loss) for the period9904 | -€41,014 | -€23,816 | -€30,066 | -€11,767 | -€23,348 | ▼ 98.4% |
| Profit (loss) for the period to be appropriated9905 | -€41,014 | -€23,816 | -€30,066 | -€11,767 | -€23,348 | ▼ 98.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.4m | €0.3m | €0.2m | €0.1m | €0.05m | ▼ 53.6% |
| Fixed assets21/28 | €0 | €0 | - | €0.002m | €0.001m | ▼ 40.2% |
| Tangible fixed assets22/27 | €0 | €0 | - | €0.002m | €0.001m | ▼ 40.2% |
| Furniture and vehicles24 | €0 | €0 | - | €0.002m | €0.001m | ▼ 40.2% |
| Current assets29/58 | €0.4m | €0.3m | €0.2m | €0.1m | €0.05m | ▼ 53.8% |
| Amounts receivable within one year40/41 | €0.004m | €0.004m | €0.005m | €0.007m | €0.007m | ▼ 0.3% |
| Trade receivables40 | €0.003m | €0.003m | €0.003m | €0.002m | €0.002m | = |
| Other amounts receivable41 | €0.001m | €0.002m | €0.003m | €0.005m | €0.005m | ▼ 0.4% |
| Current investments50/53 | €0.4m | €0.3m | €0.2m | €0.09m | €0.04m | ▼ 57.6% |
| Cash at bank and in hand54/58 | €0.007m | €252 | €0.005m | €0.001m | €152 | ▼ 87.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.4m | €0.3m | €0.2m | €0.1m | €0.05m | ▼ 53.6% |
| Equity10/15 | €0.1m | €0.08m | €0.05m | €0.03m | €0.01m | ▼ 71.0% |
| Contributions10/11 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Outside capital11 | - | - | €1.7m | €1.7m | €1.7m | = |
| Other1109/19 | - | - | €1.7m | €1.7m | €1.7m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | -€1.6m | -€1.6m | -€1.6m | -€1.6m | -€1.7m | ▼ 1.5% |
| Amounts payable17/49 | €0.3m | €0.2m | €0.1m | €0.07m | €0.04m | ▼ 44.2% |
| Amounts payable after more than one year17 | €0.3m | €0.2m | €0.1m | €0.06m | €0.04m | ▼ 44.5% |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Other amounts payable178/9 | €0.3m | €0.2m | €0.1m | €0.06m | €0.04m | ▼ 44.5% |
| Amounts payable within one year42/48 | €0.005m | €0.001m | €0.001m | €168 | €158 | ▼ 5.6% |
| Current portion of amounts payable after more than one year42 | €0.004m | €0 | - | - | - | - |
| Trade debts44 | €92 | €159 | €161 | €155 | €146 | ▼ 6.1% |
| Suppliers440/4 | €92 | €159 | €161 | €155 | €146 | ▼ 6.1% |
| Taxes, remuneration and social security45 | €0 | - | - | - | - | - |
| Taxes450/3 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €414 | €414 | €414 | €13 | €13 | = |
| Accrued charges and deferred income492/3 | €348 | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 26.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€41,014 | -€23,816 | -€30,066 | -€11,767 | -€23,348 | ▼ 98.4% |
| + Depreciation and write-downs630 | €18,407 | €0 | €0 | €336 | €658 | ▲ 95.7% |
| Operating cash flow (approximation) | -€22,608 | -€23,816 | -€30,066 | -€11,431 | -€22,689 | ▼ 98.5% |
| Investment in fixed assets (approximation) | - | €0 | - | - | €0 | - |
| Change in cash | - | -€6,464 | €5,064 | -€4,122 | -€1,041 | ▲ 74.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 13,405 companies in this sector we hold annual accounts for 6,906. 3,710 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
Directors
Directors
No directors read yet: 0 of 1 Gazette act processed. See the function holders in the CBE →
Structure & network
Connections & network
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Board mandates elsewhere
2 board mandatesBoard mandates of this companythis company sits on their board2
2 locations
Timeline
37 eventsLatest 19-07-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity times 7current ratio 549.59
Current ratio from 78.24 to 549.59; short-term debt falls from €4,820 to €573.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 78.24
Current ratio from 25.96 to 78.24; short-term debt falls from €17,840 to €4,820.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
16-07
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
16-07
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
27-01
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
27-01
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Show earlier events
2020
31-12
Financial
Back to profitnet €12,956
Net result €12,956 after 2 loss-making years.
23-09
State Gazette act
General meeting · Director resignation
Director appointment · Director reappointment
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-09
State Gazette act
General meeting · Director reappointment
Director appointment · Director resignation
18-09
State Gazette act
General meeting · Director reappointment
Director appointment · Director resignation
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
01-04
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
01-04
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
19-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
19-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Director resignation
2017
28-07
State Gazette act
General meeting · Director reappointment
Director appointment · Permanent representative
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
26-10
State Gazette act
General meeting · Director reappointment
26-10
State Gazette act
General meeting · Director reappointment
Director resignation · Director appointment
12-02
State Gazette act
General meeting · Director resignation
Director appointment · Member resignation
2014
06-10
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
06-10
State Gazette act
Board meeting · General meeting
Director resignation · Director appointment
27-01
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
27-01
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
2012
13-09
State Gazette act
General meeting · Director reappointment
Statutes amendment · Director appointment
13-09
State Gazette act
General meeting · Director appointment
Statutes amendment · Member representative change
12-09
State Gazette act
General meeting · Director reappointment
Director resignation · Director appointment
2011
18-05
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2009
28-12
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Support & recognitions
1 register with a recognitionLEI issued
LEI
active
967600P6OK1T8Y95G289
Recognitions · licences · registrations
Legal Entity Identifier
967600P6OK1T8Y95G289
Company details
Public limited company · founded 25-09-2002Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPublic limited company
Founded25-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478407661
Also
9925:BE0478407661
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2002
Ground area
2,342 m²
Building footprint
541 m²
Volume, LiDAR
2,751 m³
Parcel 33036B0351/00D000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Meenseweg 564, 8902 Ieper
since 2002unit no. 2.114.581.786
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33036B0351/00D000 | Flanders | 2,342 m² | 1 · 540 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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