Summary
Bernalith is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €103,424 and a net result of €179,241. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 5565 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 8 filingsDeviation from the deadline
2025
25 d late
2024
7 d early
2023
26 d late
2022
22 d late
2021
25 d late
2020
23 d early
2019
7 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 9 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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
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Financials · fiscal year 2025, abbreviated schema
Equity
€103,424
2024 · -€75,817
Net result
€179,241
2024 · -€9,473
Total assets
€320,487▲ 104%
2024 · €156,808
Solvency
32.3%▲ 80.6pp
2024 · -48.4%
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
Operating result-€157,705€16,252€16,048▼ 1.3%-€7,874€192,463
Net result-€179,866€6,779€8,402▲ 23.9%-€9,473€179,241
Equity-€81,525-€74,745▲ 8.3%-€66,344▲ 11.2%-€75,817▼ 14.3%€103,424
Total assets€400,878▼ 32.3%€168,240▼ 58.0%€167,084▼ 0.7%€156,808▼ 6.2%€320,487▲ 104%
Debt€482,403▼ 2.4%€242,985▼ 49.6%€233,428▼ 3.9%€232,626▼ 0.3%€217,063▼ 6.7%
Working capital-€148,721▲ 59.6%-€152,411▼ 2.5%-€165,875▼ 8.8%-€187,072▼ 12.8%€22,135
Solvency-20.3%▼ 36.9pp-44.4%▼ 24.1pp-39.7%▲ 4.7pp-48.4%▼ 8.6pp32.3%▲ 80.6pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €192,463 after a loss of €7,874 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320,487
Fixed assets
€90,269 ▼ 18.9%
Current assets
€230,218 ▲ 405%
Equity and liabilities €320,487
Equity
€103,424
Debt
€217,063
Debt finances 67.7% of the balance-sheet total.
Key figures and ratios
ROE
173.3%
ROA
55.9%▲
2024 · -6.0%
Debt ≤ 1 year
€208,083▼
2024 · €232,626
Income taxes
€14,160▲
2024 · €103
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €11,332 | - | - | €156,250 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,099 | €1,806 | €2,327 | €2,164 | €2,236 | ▲ 3.3% |
| Other operating charges640/8 | €683 | €1,397 | €554 | €576 | €814 | ▲ 41.3% |
| Non-recurring operating charges66A | €212,164 | - | - | - | - | - |
| Gross operating margin9900 | €59,241 | €19,455 | €18,928 | -€5,133 | €195,514 | ▲ 3,909% |
| Operating profit (loss)9901 | -€157,705 | €16,252 | €16,048 | -€7,874 | €192,463 | ▲ 2,544% |
| Financial income75/76B | €3,025 | €66 | - | €0 | €2,263 | ▲ 22,630,000% |
| Recurring financial income75 | €3,025 | €66 | - | €0 | €2,263 | ▲ 22,630,000% |
| Financial charges65/66B | €10,222 | €3,729 | €1,696 | €1,497 | €1,326 | ▼ 11.4% |
| Recurring financial charges65 | €10,222 | €3,729 | €1,696 | €1,497 | €1,326 | ▼ 11.4% |
| Profit (loss) for the period before taxes9903 | -€164,903 | €12,588 | €14,352 | -€9,371 | €193,401 | ▲ 2,164% |
| Income taxes67/77 | €14,964 | €5,809 | €5,950 | €103 | €14,160 | ▲ 13,663% |
| Profit (loss) for the period9904 | -€179,866 | €6,779 | €8,402 | -€9,473 | €179,241 | ▲ 1,992% |
| Profit (loss) for the period to be appropriated9905 | -€179,866 | €6,779 | €8,402 | -€9,473 | €179,241 | ▲ 1,992% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €400,878 | €168,240 | €167,084 | €156,808 | €320,487 | ▲ 104% |
| Fixed assets21/28 | €118,526 | €110,270 | €112,491 | €111,255 | €90,269 | ▼ 18.9% |
| Tangible fixed assets22/27 | €18,526 | €10,270 | €12,491 | €11,255 | €9,019 | ▼ 19.9% |
| Plant, machinery and equipment23 | - | €1,130 | €887 | €643 | €400 | ▼ 37.9% |
| Furniture and vehicles24 | €9,391 | €1,088 | €453 | €1,000 | €546 | ▼ 45.3% |
| Other tangible fixed assets26 | €9,136 | €8,051 | €11,151 | €9,612 | €8,073 | ▼ 16.0% |
| Financial fixed assets28 | €100,000 | €100,000 | €100,000 | €100,000 | €81,250 | ▼ 18.8% |
| Current assets29/58 | €282,352 | €57,970 | €54,593 | €45,553 | €230,218 | ▲ 405% |
| Stocks and contracts in progress3 | €987 | €987 | €987 | €987 | - | - |
| Stocks30/36 | €987 | €987 | €987 | €987 | - | - |
| Amounts receivable within one year40/41 | €162,500 | €13,720 | €31,346 | €40,869 | €210,729 | ▲ 416% |
| Trade receivables40 | €12,500 | - | €11,575 | €6,893 | €9,385 | ▲ 36.1% |
| Other amounts receivable41 | €150,000 | €13,720 | €19,771 | €33,976 | €201,343 | ▲ 493% |
| Cash at bank and in hand54/58 | €118,866 | €43,263 | €22,261 | €3,698 | €19,489 | ▲ 427% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €400,878 | €168,240 | €167,084 | €156,808 | €320,487 | ▲ 104% |
| Equity10/15 | -€81,525 | -€74,745 | -€66,344 | -€75,817 | €103,424 | ▲ 236% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Non-distributable reserves130/1 | €3,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | €3,000 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €3,000 | - |
| Distributable reserves133 | - | €3,000 | €3,000 | €3,000 | - | - |
| Profit (loss) carried forward14 | -€96,925 | -€90,145 | -€81,744 | -€91,217 | €88,024 | ▲ 196% |
| Amounts payable17/49 | €482,403 | €242,985 | €233,428 | €232,626 | €217,063 | ▼ 6.7% |
| Amounts payable after more than one year17 | €51,330 | €32,241 | €12,961 | - | - | - |
| Financial debts170/4 | €51,330 | €32,241 | €12,961 | - | - | - |
| Amounts payable within one year42/48 | €431,073 | €210,381 | €220,468 | €232,626 | €208,083 | ▼ 10.6% |
| Current portion of amounts payable after more than one year42 | €25,908 | €26,100 | €23,329 | €15,323 | €2,356 | ▼ 84.6% |
| Trade debts44 | €2,144 | €10,001 | €2,021 | €1,614 | €712 | ▼ 55.9% |
| Suppliers440/4 | €2,144 | €10,001 | €2,021 | €1,614 | €712 | ▼ 55.9% |
| Taxes, remuneration and social security45 | €28,809 | €11,686 | €8,361 | €2,099 | €14,663 | ▲ 599% |
| Taxes450/3 | €28,809 | €11,686 | €8,361 | €2,099 | €14,663 | ▲ 599% |
| Other amounts payable47/48 | €374,212 | €162,595 | €186,757 | €213,589 | €190,352 | ▼ 10.9% |
| Accrued charges and deferred income492/3 | - | €363 | - | - | €8,980 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€179,866 | €6,779 | €8,402 | -€9,473 | €179,241 | ▲ 1,992% |
| + Depreciation and write-downs630 | €4,099 | €1,806 | €2,327 | €2,164 | €2,236 | ▲ 3.3% |
| Operating cash flow (approximation) | -€175,768 | €8,586 | €10,729 | -€7,310 | €181,477 | ▲ 2,583% |
| Investment in fixed assets (approximation) | - | €6,450 | -€4,549 | -€927 | €18,750 | ▲ 2,122% |
| Change in cash | - | -€75,603 | -€21,002 | -€18,563 | €15,792 | ▲ 185% |
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
15-09
State Gazette act
Resignation: Delmulle Johan (director)2 facts ▸
State Gazette act
Resignation: Delmulle Johan (director)
2 facts ▸
- General meeting, 25-08-2026
- Director resignation, Delmulle Johan (director)
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Back to profitnet €179,241
Net result €179,241 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 1.11
Current ratio from 0.20 to 1.11; short-term debt falls from €232,626 to €208,083.
31-12
Financial
Equity above €100,000Eq €103,424
Equity rises from -€75,817 to €103,424.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 22 days late
2022
31-12
Financial
Back to profitnet €6,779
Net result €6,779 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet -€179,866
Net result drops to -€179,866, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €45,397
Net result €45,397 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2017
Ground area
2,150 m²
Building footprint
243 m²
Volume, LiDAR
940 m³
Parcel 34453F0680/00S002, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Bernalith
since 20172.267.306.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0680/00S002 | Flanders | 2,149 m² | 1 · 243 m² | 5.9 m · 1 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Delmulle Johan |
|
Structure & network
Owners and holdings
3 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 3
-
33.33%
-
25%
-
25%
According to the 2025 annual accounts of Bernalith 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 12,400 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Contact
E-mail
bernard@kub.be
Phone
0470868777
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678580326
Also
9925:BE0678580326
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.