BERLIM
ActiveSummary
BERLIM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €553,935. Equity is growing by ~28.9% per year across the filed fiscal years. Its solvency ranks better than 68% of 4209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency78▲+16
Growth68▼-17
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €250,000 at 30 days acceptable
Liquidity ample (current ratio 2.44 against 1.53 in 2024; short-term debt: 22.4% and cash: 29.5% of total assets), and 46.9% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
53.1%
Return on assets
9.3%
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
56 d late
2024
50 d late
2023
31 d late
2022
92 d late
2021
121 d late
2020
30 d late
2019
90 d late
← 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 67 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€20.4m▼ 4.5%
2024 · €21.3m
EBIT margin
4.5%▼ 0.5pp
2024 · 5.0%
Net result
€553,935▼ 11.6%
2024 · €626,728
Working capital
€1.9m▲ 39.0%
2024 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€16.9m▲ 14.9%€17.5m▲ 3.2%€20.8m▲ 18.7%€21.3m▲ 2.6%€20.4m▼ 4.5%
Operating result€1.0m▲ 14.1%€701,164▼ 31.5%€1.1m▲ 60.7%€1.1m▼ 5.9%€906,749▼ 14.5%
Net result€334,882▼ 59.4%€409,000▲ 22.1%€735,298▲ 79.8%€626,728▼ 14.8%€553,935▼ 11.6%
EBIT margin6.0%=4.0%▼ 2.0pp5.4%▲ 1.4pp5.0%▼ 0.4pp4.5%▼ 0.5pp
Equity€843,718▲ 65.8%€1.3m▲ 48.5%€2.0m▲ 58.7%€2.6m▲ 31.5%€3.2m▲ 21.2%
Total assets€5.7m▼ 9.2%€5.2m▼ 8.9%€6.1m▲ 17.4%€7.0m▲ 15.8%€6.0m▼ 15.0%
Debt€4.8m▼ 15.8%€3.9m▼ 19.0%€4.1m▲ 4.2%€4.4m▲ 8.1%€2.8m▼ 36.5%
Working capital€25,813€267,081▲ 935%€735,991▲ 176%€1.4m▲ 88.0%€1.9m▲ 39.0%
Staff (FTE)23▲ 9.5%22.5▼ 2.2%26.1▲ 16.0%27.1▲ 3.8%24.1▼ 11.1%
Why a figure moved sharply
- 2023 Net result +80% on 2022. The accounts now follow the micro schema, last year the full schema.
- 2023 Equity +59% on 2022. Cause not known from the registers.
- 2021 Net result -59%, Equity +66% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.0m
Fixed assets
€2.7m ▼ 10.2%
Current assets
€3.3m ▼ 18.6%
Equity and liabilities €6.0m
Equity
€3.2m ▲ 21.2%
Debt
€2.8m ▼ 36.5%
Debt's share of the balance-sheet total falls from 62.8% to 46.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.3m▼
2024 · €1.5m
Cash flow
€968,024▼
2024 · €1.1m
Current ratio
2.44▲
2024 · 1.53
Quick ratio
1.66▲
2024 · 1.17
Debt to equity
0.88▼
2024 · 1.69
ROE
17.5%▼
2024 · 24.0%
ROA
9.3%▲
2024 · 8.9%
Interest coverage
8.75▲
2024 · 8.09
Debt ≤ 1 year
€1.3m▼
2024 · €2.6m
Debt > 1 year
€1.4m▼
2024 · €1.7m
Income taxes
€216,285▼
2024 · €282,704
Staff costs
€1.0m▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 20,082 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €16.9m | €17.5m | €20.8m | €21.3m | €20.4m | ▼ 4.5% |
| Non-recurring operating income76A | €178,542 | - | €2,070 | €300 | €24,283 | ▲ 7,994% |
| Goods, raw materials, services and sundry goods60/61 | €14.8m | €15.5m | €18.5m | €19.0m | €18.3m | ▼ 3.3% |
| Remuneration, social security and pensions62 | €846,492 | €936,873 | €1.1m | €1.1m | €1.0m | ▼ 9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €409,042 | €399,025 | €386,844 | €426,537 | €414,089 | ▼ 2.9% |
| Other operating charges640/8 | €56,119 | €62,549 | €85,076 | €191,190 | €124,448 | ▼ 34.9% |
| Non-recurring operating charges66A | €6,422 | €2,626 | €100 | €34,900 | €18,010 | ▼ 48.4% |
| Gross operating margin9900 | €2.3m | €2.1m | €2.6m | €2.8m | €2.5m | ▼ 12.7% |
| Operating profit (loss)9901 | €1.0m | €701,164 | €1.1m | €1.1m | €906,749 | ▼ 14.5% |
| Financial income75/76B | €16,900 | €11,784 | €60,385 | €43,567 | €59,247 | ▲ 36.0% |
| Recurring financial income75 | €16,900 | €11,784 | €60,385 | €43,567 | €59,247 | ▲ 36.0% |
| Financial charges65/66B | €116,040 | €164,440 | €173,446 | €194,451 | €195,776 | ▲ 0.7% |
| Recurring financial charges65 | €116,040 | €164,440 | €173,446 | €183,824 | €150,998 | ▼ 17.9% |
| Non-recurring financial charges66B | - | - | - | €10,627 | €44,778 | ▲ 321% |
| Profit (loss) for the period before taxes9903 | €924,310 | €548,508 | €1.0m | €909,432 | €770,220 | ▼ 15.3% |
| Income taxes67/77 | €589,429 | €139,507 | €278,199 | €282,704 | €216,285 | ▼ 23.5% |
| Profit (loss) for the period9904 | €334,882 | €409,000 | €735,298 | €626,728 | €553,935 | ▼ 11.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €235,760 | - | - |
| Transfer to tax-exempt reserves689 | €235,760 | - | - | €256,963 | €296,296 | ▲ 15.3% |
| Profit (loss) for the period to be appropriated9905 | €99,122 | €409,000 | €735,298 | €605,525 | €257,639 | ▼ 57.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.7m | €5.2m | €6.1m | €7.0m | €6.0m | ▼ 15.0% |
| Formation expenses20 | €6,411 | €10,840 | €5,304 | €330 | €0 | ▼ 100% |
| Fixed assets21/28 | €3.5m | €3.4m | €3.4m | €3.0m | €2.7m | ▼ 10.2% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €3.5m | €3.3m | €3.3m | €3.0m | €2.7m | ▼ 10.6% |
| Land and buildings22 | €2.4m | €2.4m | €2.3m | €2.2m | €2.0m | ▼ 7.2% |
| Plant, machinery and equipment23 | €1.1m | €969,979 | €832,944 | €690,767 | €522,615 | ▼ 24.3% |
| Furniture and vehicles24 | €22,185 | €25,781 | €146,404 | €132,391 | €140,178 | ▲ 5.9% |
| Financial fixed assets28 | €24,184 | €33,424 | €39,701 | €35,826 | €42,996 | ▲ 20.0% |
| Current assets29/58 | €2.1m | €1.8m | €2.7m | €4.0m | €3.3m | ▼ 18.6% |
| Stocks and contracts in progress3 | €673,138 | €819,094 | €877,476 | €930,641 | €1.0m | ▲ 12.4% |
| Stocks30/36 | €673,138 | €819,094 | €877,476 | €930,641 | €1.0m | ▲ 12.4% |
| Amounts receivable within one year40/41 | €327,937 | €236,154 | €289,596 | €361,047 | €296,505 | ▼ 17.9% |
| Trade receivables40 | €163,657 | €153,215 | €162,019 | €236,960 | €211,435 | ▼ 10.8% |
| Other amounts receivable41 | €164,280 | €82,939 | €127,577 | €124,087 | €85,071 | ▼ 31.4% |
| Cash at bank and in hand54/58 | €1.1m | €707,162 | €1.5m | €2.6m | €1.8m | ▼ 31.8% |
| Deferred charges and accrued income490/1 | €11,073 | €15,910 | €12,579 | €127,826 | €153,563 | ▲ 20.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.7m | €5.2m | €6.1m | €7.0m | €6.0m | ▼ 15.0% |
| Equity10/15 | €843,718 | €1.3m | €2.0m | €2.6m | €3.2m | ▲ 21.2% |
| Contributions10/11 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Capital10 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Issued capital100 | €250,000 | €250,000 | €250,000 | €250,000 | €250,000 | = |
| Reserves13 | €241,960 | €260,760 | €260,760 | €997,510 | €1.3m | ▲ 29.7% |
| Non-distributable reserves130/1 | €6,200 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Legal reserve130 | €6,200 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Tax-exempt reserves132 | €235,760 | €235,760 | €235,760 | €256,963 | €553,259 | ▲ 115% |
| Distributable reserves133 | - | - | - | €715,547 | €715,547 | = |
| Profit (loss) carried forward14 | €351,758 | €741,958 | €1.5m | €1.4m | €1.6m | ▲ 18.8% |
| Amounts payable17/49 | €4.8m | €3.9m | €4.1m | €4.4m | €2.8m | ▼ 36.5% |
| Amounts payable after more than one year17 | €2.7m | €2.4m | €2.1m | €1.7m | €1.4m | ▼ 17.0% |
| Financial debts170/4 | €2.7m | €2.4m | €2.0m | €1.7m | €1.4m | ▼ 17.1% |
| Other amounts payable178/9 | €5,801 | €5,801 | €5,801 | €5,801 | €5,801 | = |
| Amounts payable within one year42/48 | €2.1m | €1.5m | €2.0m | €2.6m | €1.3m | ▼ 49.0% |
| Current portion of amounts payable after more than one year42 | €338,089 | €338,089 | €338,089 | €325,929 | €295,571 | ▼ 9.3% |
| Trade debts44 | €1.2m | €691,510 | €1.0m | €1.7m | €791,014 | ▼ 54.1% |
| Suppliers440/4 | €1.2m | €691,510 | €1.0m | €1.7m | €791,014 | ▼ 54.1% |
| Taxes, remuneration and social security45 | €85,370 | €181,638 | €294,944 | €252,392 | €195,165 | ▼ 22.7% |
| Taxes450/3 | €1,568 | €87,823 | €183,669 | €144,184 | €106,857 | ▼ 25.9% |
| Remuneration and social security454/9 | €83,801 | €93,815 | €111,275 | €108,208 | €88,308 | ▼ 18.4% |
| Other amounts payable47/48 | €456,000 | €300,000 | €316,548 | €316,548 | €53,180 | ▼ 83.2% |
| Accrued charges and deferred income492/3 | €21,697 | €26,448 | €58,486 | €51,349 | €22,247 | ▼ 56.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €334,882 | €409,000 | €735,298 | €626,728 | €553,935 | ▼ 11.6% |
| + Depreciation and write-downs630 | €409,042 | €399,025 | €386,844 | €426,537 | €414,089 | ▼ 2.9% |
| Operating cash flow (approximation) | €743,924 | €808,025 | €1.1m | €1.1m | €968,024 | ▼ 8.1% |
| Investment in fixed assets (approximation) | - | -€241,149 | -€364,878 | -€89,381 | -€104,505 | ▼ 16.9% |
| Change in cash | - | -€412,353 | €818,362 | €1.1m | -€822,542 | ▼ 178% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 56 days late
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 50 days late
2024
31-12
Financial
Equity above €2mEq €2.6m ▲31.5%
7 profitable years in a row build equity to €2.6m.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
31-12
Financial
Equity above €1mEq €1.3m ▲48.5%
5 profitable years in a row build equity to €1.3m.
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 121 days late
2021
31-12
Financial
Weakest financial yearnet €334,882 ▼59.4%
Net result drops to €334,882, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €825,615 ▲107%
Net result €825,615, the highest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
01-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 62 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
15 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, Grâce-Hollogne · 1 establishment unit since 2002
Ground area
875 m²
Building footprint
70 m²
Volume, LiDAR
549 m³
Parcel 62054A0077/00Y000, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée de Liège 180, 4460 Grâce-Hollogne
since 20022.093.427.472
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62054A0077/00Y000 | Wallonia | 875 m² | 1 · 70 m² | 9.8 m · 3 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.
Structure & network
Owners and holdings
4 ownersChain of control
- HBD Holding
- BERLIM
Highest known parent: HBD Holding. The sources do not say who stands above it.
Owners 4
- HBD HoldingparentSourceown accounts 202592.23%
-
4.75%
-
0.01%
- Pierre-Alexandre HENINnatural personSourceown accounts 20250.01%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of BERLIM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGrâce-Hollogne2.093.427.472
Similar companies · same sector, comparable size
VENDIS RETAIL
BE 0543.633.431
Antwerpen · Eq €3,189,434
INKOOPCENTRA VAN ZON
BE 0455.601.872
Beringen · Eq €3,136,137
HET GROTE GEBOUW
BE 0420.449.171
Lille · Eq €3,202,193
PARTNERDIS
BE 0600.807.706
Liège · Eq €3,208,393
F.D.B.
BE 0449.848.485
Ternat · Eq €3,215,624
Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 1,091 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477355509
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.