BERODE
ActiveSummary
BERODE has been active since 1978 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €546,309 and a net result of -€54,076. Equity has been growing by about 8.8% per year since 2018. The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-01-1978 Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.014.437.008 3300 Tienen, since 03-02-1978
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
- Frederik GhyselenDirector
- GHIMMO INVEST100%· score 9631-03-2026 annual accounts of GHIMMO INVEST
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€2,266
- ▲ 87.1%
- Loss
- €54,076
- ▼ 26.0%
- Equity
- €546,309
- ▼ 9.0%
- Total assets
- €546,345
- ▼ 9.1%
Score breakdownraises riskLoss of €54,076, the second in a row (financial year 2025)lowers riskSize: total assets €546,345Equity €546,309 (100.0% of total assets)Founded in 1978Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 81% of them on solvency, 63% on liquidity, 10% on profitability and 25% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average on the deadline day. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 48 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €53,539, smaller than the loss of €72,763 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Subsidies and aid
Wallonia-Brussels Federation
2023 · 4 entries · €2,700 in totalCompanies with the same profile, two years later
Historical observationIn July 2024, 8,617 companies had the same profile as BERODE has now. Two years later, 0.4% had gone bankrupt and 94.1% were still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BERODE itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for BERODE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,094 | €20,310 | €16,376 | €1,981 | €49,273 | €50,600 | €50,600 | €50,600 | = |
| Other operating charges640/8 | - | - | - | €4,604 | €3,999 | €5,035 | €4,654 | €673 | ▼ 85.5% |
| Gross operating margin9900 | €270,150 | €20,657 | €11,051 | €30,729 | €2,430 | €5,459 | -€17,509 | -€2,266 | ▲ 87.1% |
| Operating profit (loss)9901 | €119,835 | -€26,817 | -€9,735 | €24,143 | -€50,842 | -€50,176 | -€72,763 | -€53,539 | ▲ 26.4% |
| Financial income75/76B | - | - | - | €148 | €152 | - | €261 | - | - |
| Recurring financial income75 | €34 | €38 | €48 | €148 | €128 | - | €261 | - | - |
| Non-recurring financial income76B | - | - | - | - | €25 | - | - | - | - |
| Financial charges65/66B | - | - | - | €321 | €924 | €338 | €582 | €537 | ▼ 7.8% |
| Recurring financial charges65 | €5,789 | €11,754 | €1,121 | €321 | €924 | €338 | €582 | €537 | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €114,080 | -€38,533 | -€10,808 | €23,970 | -€51,614 | -€50,514 | -€73,085 | -€54,076 | ▲ 26.0% |
| Income taxes67/77 | €36,105 | €327 | €539 | €291 | €34 | - | - | - | - |
| Profit (loss) for the period9904 | €77,975 | -€38,860 | -€11,347 | €23,679 | -€51,648 | -€50,514 | -€73,085 | -€54,076 | ▲ 26.0% |
| Profit (loss) for the period to be appropriated9905 | €77,883 | -€38,952 | -€11,347 | €23,679 | -€51,648 | -€50,514 | -€73,085 | -€54,076 | ▲ 26.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €367,803 | €214,302 | €189,898 | €877,377 | €725,541 | €677,124 | €601,351 | €546,345 | ▼ 9.1% |
| Fixed assets21/28 | €272,271 | €61,481 | €45,105 | €650,211 | €600,937 | €550,337 | €499,737 | €449,137 | ▼ 10.1% |
| Tangible fixed assets22/27 | €271,182 | €60,392 | €44,016 | €649,121 | €599,848 | €549,248 | €498,648 | €448,048 | ▼ 10.1% |
| Land and buildings22 | - | - | - | €649,121 | €599,848 | €549,248 | €498,648 | €448,048 | ▼ 10.1% |
| Financial fixed assets28 | €1,089 | €1,089 | €1,089 | €1,089 | €1,089 | €1,089 | €1,089 | €1,089 | = |
| Current assets29/58 | €95,532 | €152,821 | €144,793 | €227,167 | €124,603 | €126,787 | €101,614 | €97,207 | ▼ 4.3% |
| Amounts receivable within one year40/41 | €41,756 | €7,230 | €5,319 | €140,362 | €52,030 | €18,134 | €22,022 | €22,722 | ▲ 3.2% |
| Trade receivables40 | - | - | - | €25,500 | €13,851 | €17,954 | €3,343 | €4,043 | ▲ 20.9% |
| Other amounts receivable41 | - | - | - | €114,862 | €38,180 | €180 | €18,680 | €18,680 | = |
| Cash at bank and in hand54/58 | €52,448 | €144,604 | €138,395 | €85,992 | €72,573 | €108,653 | €79,591 | €74,485 | ▼ 6.4% |
| Deferred charges and accrued income490/1 | - | - | - | €813 | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €367,803 | €214,302 | €189,898 | €877,377 | €725,541 | €677,124 | €601,351 | €546,345 | ▼ 9.1% |
| Equity10/15 | €240,071 | €201,211 | €144,864 | €775,630 | €723,982 | €673,469 | €600,384 | €546,309 | ▼ 9.0% |
| Contributions10/11 | €117,000 | €117,000 | - | €117,000 | €117,000 | €117,000 | €117,000 | €117,000 | = |
| Revaluation surpluses12 | - | - | - | €607,086 | €607,086 | €607,086 | €607,086 | €607,086 | = |
| Reserves13 | €123,071 | €123,163 | €78,163 | €78,163 | €78,163 | €78,163 | €78,163 | €78,163 | = |
| Non-distributable reserves130/1 | - | - | - | €14,317 | €14,317 | €14,317 | €14,317 | €14,317 | = |
| Reserves not available under the articles1311 | - | - | - | €14,317 | €14,317 | €14,317 | €14,317 | €14,317 | = |
| Tax-exempt reserves132 | - | - | - | €276 | €276 | €276 | €276 | €276 | = |
| Distributable reserves133 | - | - | - | €63,570 | €63,570 | €63,570 | €63,570 | €63,570 | = |
| Profit (loss) carried forward14 | - | -€38,952 | -€50,299 | -€26,619 | -€78,267 | -€128,781 | -€201,865 | -€255,941 | ▼ 26.8% |
| Amounts payable17/49 | €127,732 | €13,091 | €45,034 | €101,747 | €1,559 | €3,655 | €967 | €36 | ▼ 96.3% |
| Amounts payable after more than one year17 | €52,089 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €75,643 | €13,091 | €45,034 | €101,747 | €1,559 | €3,655 | €967 | €36 | ▼ 96.3% |
| Financial debts43 | - | - | - | €100,000 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €100,000 | - | - | - | - | - |
| Trade debts44 | - | €439 | €34 | €403 | €1,525 | €3,621 | €967 | €36 | ▼ 96.3% |
| Suppliers440/4 | - | - | - | €403 | €1,525 | €3,621 | €967 | €36 | ▼ 96.3% |
| Taxes, remuneration and social security45 | - | - | - | €308 | €34 | €34 | - | - | - |
| Taxes450/3 | - | - | - | €308 | €34 | €34 | - | - | - |
| Other amounts payable47/48 | - | - | - | €1,036 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €77,975 | -€38,860 | -€11,347 | €23,679 | -€51,648 | -€50,514 | -€73,085 | -€54,076 | ▲ 26.0% |
| + Depreciation and write-downs630 | €49,094 | €20,310 | €16,376 | €1,981 | €49,273 | €50,600 | €50,600 | €50,600 | = |
| Operating cash flow (approximation) | €127,069 | -€18,550 | €5,029 | €25,661 | -€2,375 | €86 | -€22,485 | -€3,476 | ▲ 84.5% |
| Investment in fixed assets (approximation) | - | €190,480 | €0 | -€607,087 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €92,156 | -€6,209 | -€52,403 | -€13,418 | €36,080 | -€29,062 | -€5,106 | ▲ 82.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 29-07-2026 | 2026-00347359 | NBB |
| 31-12-2024 | micro format | 15-07-2025 | 2025-00269396 | |
| 31-12-2023 | micro format | 29-07-2024 | 2024-00294186 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00352897 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20118554 | |
| 31-12-2020 | micro format | 26-07-2021 | 2021-40300557 | |
| 31-12-2019 | micro format | 28-08-2020 | 2020-47300303 | |
| 31-12-2018 | micro format | 23-08-2019 | 2019-50200182 | |
| 31-12-2017 | micro format | 10-08-2018 | 2018-45000512 | |
| 31-12-2016 | micro format | 06-07-2017 | 2017-28400432 |
Board & ownership
Directors
Board 1
Day-to-day management 1
Owners and capital
Shareholders
1 ownerChain of control
- GHIMMO INVEST
- BERODE
Owners 1
- GHIMMO INVESTparentEquity €9.8m Profit of €36,551 in 2026 (loss of €11,416 in 2025) Checked score 96100%
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Frederik Ghyselen |
|
| GHYSELEN FREDERIK IDESBALDUS |
|
| Anne-Marie Sneyders |
|
| Fernand Berode |
|
Network & group
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of BERODE. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
24-11
Gazette deed
Appointment: Frederik Ghyselen (director)2 points ▸
- General meeting, 22-10-2025
- Director appointment, Frederik Ghyselen (director (not named in the articles))
15-06
Gazette deed
Registered office moved from Tienen to Erpe-MereResignations: Anne-Marie Sneyders (director) and Fernand Berode (director) · Appointment: GHYSELEN FREDERIK IDESBALDUS (managing director) · Director discharge8 points ▸
- General meeting, 12-05-2022
- Director resignation, Anne-Marie Sneyders (director (not named in the articles))
- Director discharge, Anne-Marie Sneyders (director (not named in the articles))
- Director resignation, Fernand Berode (director (not named in the articles))
- Director discharge, Fernand Berode (director (not named in the articles))
- Registered-office move, Everdal 16,9420 Erpe-Mere
- Board meeting, 06-05-2022
- Director appointment, GHYSELEN FREDERIK IDESBALDUS (managing director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 41006A0201/00H000 | Flanders | 2,352 m² | 1 · 390 m² | - |
| 24593H0434/00Z006 | Flanders | 1,012 m² | 1 · 163 m² | 12.5 m · 3 |