BERMULUX
ActiveSummary
BERMULUX has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,997 and a net result of €7,286. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 54% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency63▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.26 in 2024; short-term debt: 61.8% and cash: 36.7% of total assets), and 61.8% of the assets are financed with debt.
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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 · 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
38.2%
Return on assets
2.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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
59 d late
2024
57 d late
2023
59 d late
2022
59 d late
2021
78 d late
2020
92 d late
2019
111 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 74 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 28 September (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
History
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Financials · fiscal year 2025, micro schema
Equity
€124,997▼ 21.5%
2024 · €159,216
Total assets
€326,849▼ 12.0%
2024 · €371,359
Net result
€7,286▼ 13.0%
2024 · €8,374
Working capital
€31,370▼ 38.5%
2024 · €50,999
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 47, Retail trade, 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,623▼ 71.9%€309▼ 98.7%€14,427▲ 4,571%€9,071▼ 37.1%€7,788▼ 14.1%
Net result€13,898within the sector's middle half▼ 79.5%-€514within the sector's middle half€9,887within the sector's middle half€8,374within the sector's middle half▼ 15.3%€7,286within the sector's middle half▼ 13.0%
Equity€180,521above the sector's middle half▲ 8.3%€179,973above the sector's middle half▼ 0.3%€189,860above the sector's middle half▲ 5.5%€159,216above the sector's middle half▼ 16.1%€124,997within the sector's middle half▼ 21.5%
Total assets€423,334above the sector's middle half▲ 37.2%€397,563above the sector's middle half▼ 6.1%€344,210above the sector's middle half▼ 13.4%€371,359above the sector's middle half▲ 7.9%€326,849within the sector's middle half▼ 12.0%
Debt€242,813▲ 71.2%€217,590▼ 10.4%€154,350▼ 29.1%€212,143▲ 37.4%€201,852▼ 4.9%
Working capital€19,670within the sector's middle half▼ 71.4%€57,557within the sector's middle half▲ 193%€72,851within the sector's middle half▲ 26.6%€50,999within the sector's middle half▼ 30.0%€31,370within the sector's middle half▼ 38.5%
Solvency42.6%within the sector's middle half▼ 11.4pp45.3%within the sector's middle half▲ 2.6pp55.2%within the sector's middle half▲ 9.9pp42.9%within the sector's middle half▼ 12.3pp38.2%within the sector's middle half▼ 4.6pp
Current ratio1.12within the sector's middle half▼ 0.441.38within the sector's middle half▲ 0.261.63within the sector's middle half▲ 0.251.26within the sector's middle half▼ 0.371.16within the sector's middle half▼ 0.10
Return on assets (ROA)3.3%within the sector's middle half▼ 18.7pp-0.1%within the sector's middle half▼ 3.4pp2.9%within the sector's middle half▲ 3.0pp2.3%within the sector's middle half▼ 0.6pp2.2%within the sector's middle half=
Staff (FTE)2.8▼ 17.6%1.5▼ 46.4%1.3▼ 13.3%1▼ 23.1%1=
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
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 €326,849
Fixed assets
€93,627 ▼ 23.7%
Current assets
€233,222 ▼ 6.2%
Equity and liabilities €326,849
Equity
€124,997 ▼ 21.5%
Debt
€201,852 ▼ 4.9%
Debt's share of the balance-sheet total rises from 57.1% to 61.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€40,431▼
2024 · €47,958
Cash flow
€39,928▼
2024 · €47,261
Quick ratio
1.13▼
2024 · 1.23
Debt to equity
1.61▲
2024 · 1.33
ROE
5.8%▲
2024 · 5.3%
Interest coverage
10.92▼
2024 · 13.35
Debt ≤ 1 year
€201,852▲
2024 · €197,722
Debt > 1 year
€0▼
2024 · €14,421
Income taxes
€2,073▲
2024 · €1,936
Staff costs
€5,740▲
2024 · €5,655
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 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 17,040 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €60,537 | €10,118 | €13,676 | €5,655 | €5,740 | ▲ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,915 | €50,711 | €34,488 | €38,887 | €32,643 | ▼ 16.1% |
| Other operating charges640/8 | €3,126 | €5,466 | €2,768 | €755 | €1,366 | ▲ 80.8% |
| Gross operating margin9900 | €130,201 | €66,604 | €65,359 | €54,369 | €47,537 | ▼ 12.6% |
| Operating profit (loss)9901 | €23,623 | €309 | €14,427 | €9,071 | €7,788 | ▼ 14.1% |
| Financial income75/76B | €2,702 | €3,387 | €2,959 | €4,832 | €5,275 | ▲ 9.2% |
| Recurring financial income75 | €2,702 | €3,387 | €2,959 | €4,832 | €5,275 | ▲ 9.2% |
| Financial charges65/66B | €4,081 | €3,767 | €3,119 | €3,592 | €3,704 | ▲ 3.1% |
| Recurring financial charges65 | €4,081 | €3,767 | €3,119 | €3,592 | €3,704 | ▲ 3.1% |
| Profit (loss) for the period before taxes9903 | €22,244 | -€71 | €14,267 | €10,310 | €9,359 | ▼ 9.2% |
| Income taxes67/77 | €8,346 | €443 | €4,380 | €1,936 | €2,073 | ▲ 7.1% |
| Profit (loss) for the period9904 | €13,898 | -€514 | €9,887 | €8,374 | €7,286 | ▼ 13.0% |
| Profit (loss) for the period to be appropriated9905 | €13,898 | -€514 | €9,887 | €8,374 | €7,286 | ▼ 13.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €423,334 | €397,563 | €344,210 | €371,359 | €326,849 | ▼ 12.0% |
| Fixed assets21/28 | €233,795 | €186,599 | €155,496 | €122,637 | €93,627 | ▼ 23.7% |
| Tangible fixed assets22/27 | €232,677 | €185,481 | €154,378 | €121,520 | €92,510 | ▼ 23.9% |
| Land and buildings22 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Plant, machinery and equipment23 | €23,688 | €16,477 | €11,723 | €11,338 | €10,313 | ▼ 9.0% |
| Furniture and vehicles24 | €2,098 | €2,906 | €2,715 | €2,167 | €828 | ▼ 61.8% |
| Leasing and similar rights25 | €63,778 | €41,617 | €34,407 | €21,338 | €8,270 | ▼ 61.2% |
| Other tangible fixed assets26 | €128,113 | €109,480 | €90,533 | €71,676 | €58,099 | ▼ 18.9% |
| Financial fixed assets28 | €1,118 | €1,118 | €1,118 | €1,118 | €1,118 | = |
| Current assets29/58 | €189,539 | €210,965 | €188,714 | €248,721 | €233,222 | ▼ 6.2% |
| Stocks and contracts in progress3 | €6,433 | €11,165 | €4,320 | €5,605 | €4,303 | ▼ 23.2% |
| Stocks30/36 | €6,433 | €11,165 | €4,320 | €5,605 | €4,303 | ▼ 23.2% |
| Amounts receivable within one year40/41 | €54,265 | €56,813 | €71,988 | €108,792 | €108,853 | ▲ 0.1% |
| Trade receivables40 | €5,768 | €2,960 | €11,785 | €6,752 | €7,557 | ▲ 11.9% |
| Other amounts receivable41 | €48,497 | €53,853 | €60,204 | €102,040 | €101,296 | ▼ 0.7% |
| Cash at bank and in hand54/58 | €128,841 | €141,201 | €112,406 | €134,324 | €120,066 | ▼ 10.6% |
| Deferred charges and accrued income490/1 | - | €1,785 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €423,334 | €397,563 | €344,210 | €371,359 | €326,849 | ▼ 12.0% |
| Equity10/15 | €180,521 | €179,973 | €189,860 | €159,216 | €124,997 | ▼ 21.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €132,381 | €132,381 | €132,381 | €93,363 | €51,859 | ▼ 44.5% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €0 | - | - |
| Distributable reserves133 | €130,522 | €130,522 | €130,522 | €93,363 | €51,859 | ▼ 44.5% |
| Profit (loss) carried forward14 | €29,548 | €29,000 | €38,886 | €47,260 | €54,546 | ▲ 15.4% |
| Amounts payable17/49 | €242,813 | €217,590 | €154,350 | €212,143 | €201,852 | ▼ 4.9% |
| Amounts payable after more than one year17 | €72,944 | €64,182 | €38,486 | €14,421 | €0 | ▼ 100% |
| Financial debts170/4 | €72,944 | €64,182 | €38,486 | €14,421 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €169,869 | €153,408 | €115,864 | €197,722 | €201,852 | ▲ 2.1% |
| Current portion of amounts payable after more than one year42 | €75,563 | €28,702 | €25,696 | €25,037 | €14,421 | ▼ 42.4% |
| Trade debts44 | €58,675 | €108,203 | €77,395 | €119,105 | €141,973 | ▲ 19.2% |
| Suppliers440/4 | €58,675 | €108,203 | €77,395 | €119,105 | €141,973 | ▲ 19.2% |
| Taxes, remuneration and social security45 | €35,631 | €16,502 | €12,773 | €14,342 | €3,954 | ▼ 72.4% |
| Taxes450/3 | €21,538 | €11,881 | €6,519 | €12,075 | €2,693 | ▼ 77.7% |
| Remuneration and social security454/9 | €14,093 | €4,621 | €6,254 | €2,267 | €1,260 | ▼ 44.4% |
| Other amounts payable47/48 | - | - | - | €39,237 | €41,504 | ▲ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,898 | -€514 | €9,887 | €8,374 | €7,286 | ▼ 13.0% |
| + Depreciation and write-downs630 | €42,915 | €50,711 | €34,488 | €38,887 | €32,643 | ▼ 16.1% |
| Operating cash flow (approximation) | €56,813 | €50,197 | €44,375 | €47,261 | €39,928 | ▼ 15.5% |
| Investment in fixed assets (approximation) | - | -€3,515 | -€3,385 | -€6,029 | -€3,633 | ▲ 39.7% |
| Change in cash | - | €12,360 | -€28,795 | €21,918 | -€14,258 | ▼ 165% |
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
28-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 59 days late
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
28-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 59 days late
2023
31-12
Financial
Back to profitnet €9,887
Net result €9,887 after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Weakest financial yearnet -€514
Net result drops to -€514, the lowest in the series; recovery starts the following year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
31-12
Financial
Highest result since 2018net €67,683 ▲63.1%
Operating result €83,985, net result €67,683, both a record.
31-12
Financial
Equity above €150,000Eq €166,623 ▲52.9%
3 profitable years in a row build equity to €166,623.
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
31-12
Financial
Equity above €100,000Eq €108,940 ▲61.5%
2 profitable years in a row build equity to €108,940.
Show earlier events
28-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 59 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 64 days late
2017
11-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 72 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Chaudfontaine · 1 establishment unit since 1998
Ground area
3,454 m²
Building footprint
114 m²
Volume, LiDAR
1,045 m³
Parcel 62022C0380/00L000, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BERMULUX
since 19982.088.204.716
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62022C0380/00L000 | Wallonia | 3,454 m² | 1 · 114 m² | 10.4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteChaudfontaine2.088.204.716
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Of 3,042 companies in this sector we hold annual accounts for 1,568. 1,350 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded11-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462851633
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.