BERYLLUS
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 25 filings
Turnover
€0
Total assets
€600,357▼ 27.3%
2024 · €825,996
Net result
-€3,314▲ 58.1%
2024 · -€7,914
Working capital
€491,736▼ 0.6%
2024 · €494,552
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
no figure
2025
20182025
Operating result
-€18,199
▼ 2.6%
2025
20182025
Net result
-€3,314
▲ 58.1%
2025
lowest quarter of the sector
20182025
Equity
€410,943
▼ 0.8%
2025
middle half of the sector
20182025
Total assets
€600,357
▼ 27.3%
2025
middle half of the sector
20182025
Debt
€107,274
▼ 67.5%
2025
20182025
Working capital
€491,736
▼ 0.6%
2025
highest quarter of the sector
20182025
Solvency
68.4%
▲ 18.3pp
2025
middle half of the sector
20182025
Current ratio
5.58
▲ 3.08
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-0.6%
▲ 0.4pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0
Operating result€26,867-€110,183▲ 310%€175,078▲ 58.9%-€63,629€300,658-€22,821-€17,736▲ 22.3%-€18,199▼ 2.6%
Net result€19,929-€96,649▲ 385%€131,949above the sector's middle half▲ 36.5%-€67,933below the sector's middle half€207,524above the sector's middle half-€7,508below the sector's middle half-€7,914below the sector's middle half▼ 5.4%-€3,314below the sector's middle half▲ 58.1%
Equity€61,488-€158,138▲ 157%€290,087within the sector's middle half▲ 83.4%€222,154within the sector's middle half▼ 23.4%€429,678within the sector's middle half▲ 93.4%€422,170within the sector's middle half▼ 1.7%€414,257within the sector's middle half▼ 1.9%€410,943within the sector's middle half▼ 0.8%
Total assets€579,949-€548,824▼ 5.4%€868,213within the sector's middle half▲ 58.2%€641,323within the sector's middle half▼ 26.1%€819,058within the sector's middle half▲ 27.7%€822,358within the sector's middle half▲ 0.4%€825,996within the sector's middle half▲ 0.4%€600,357within the sector's middle half▼ 27.3%
Debt€518,461-€390,687▼ 24.6%€578,126▲ 48.0%€419,169▼ 27.5%€296,053▼ 29.4%€318,048▲ 7.4%€329,599▲ 3.6%€107,274▼ 67.5%
Working capital-€294,904--€157,479▲ 46.6%-€20,710within the sector's middle half▲ 86.8%-€85,129below the sector's middle half▼ 311%€522,710above the sector's middle half€502,718above the sector's middle half▼ 3.8%€494,552above the sector's middle half▼ 1.6%€491,736above the sector's middle half▼ 0.6%
Solvency10.6%-28.8%▲ 18.2pp33.4%within the sector's middle half▲ 4.6pp34.6%within the sector's middle half▲ 1.2pp52.5%within the sector's middle half▲ 17.8pp51.3%within the sector's middle half▼ 1.1pp50.2%within the sector's middle half▼ 1.2pp68.4%within the sector's middle half▲ 18.3pp
Current ratio0.43-0.60▲ 0.170.96within the sector's middle half▲ 0.370.80within the sector's middle half▼ 0.172.77within the sector's middle half▲ 1.972.58within the sector's middle half▼ 0.182.50within the sector's middle half▼ 0.085.58above the sector's middle half▲ 3.08
Return on assets (ROA)3.4%-17.6%▲ 14.2pp15.2%above the sector's middle half▼ 2.4pp-10.6%below the sector's middle half▼ 25.8pp25.3%above the sector's middle half▲ 35.9pp-0.9%below the sector's middle half▼ 26.2pp-1.0%below the sector's middle half=-0.6%below the sector's middle half▲ 0.4pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €18,199, larger than the loss of €17,736 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €600,357
Fixed assets
€1,347 ▼ 27.0%
Current assets
€599,010 ▼ 27.3%
Equity and liabilities €600,357
Equity
€410,943 ▼ 0.8%
Provisions
€82,140 =
Debt
€107,274 ▼ 67.5%
Debt's share of the balance-sheet total falls from 39.9% to 17.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€17,701▼
2024 · -€17,238
Cash flow
-€2,816▲
2024 · -€7,416
Debt to equity
0.26▼
2024 · 0.80
ROE
-0.8%▲
2024 · -1.9%
Interest coverage
-6.78▼
2024 · -2.47
Debt ≤ 1 year
€107,274▼
2024 · €329,599
Income taxes
€0
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €14,798 | - | €2,490 | - | - |
| Depreciation and write-downs of the year | €18,313 | €295 | €442 | €498 | €498 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €40,119 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,831 | €19,781 | €14,645 | €18,313 | €295 | €442 | €498 | €498 | = |
| Other operating charges640/8 | - | - | - | €5,197 | €5,952 | €595 | €505 | €520 | ▲ 2.8% |
| Gross operating margin9900 | €47,681 | €131,450 | €191,297 | -€40,119 | €306,906 | -€21,783 | -€16,732 | -€17,181 | ▼ 2.7% |
| Operating profit (loss)9901 | €26,867 | €110,183 | €175,078 | -€63,629 | €300,658 | -€22,821 | -€17,736 | -€18,199 | ▼ 2.6% |
| Financial income75/76B | - | - | - | €5,869 | €5,809 | €15,967 | €16,791 | €17,496 | ▲ 4.2% |
| Recurring financial income75 | €2,114 | €1,405 | €4,470 | €5,869 | €5,809 | €15,967 | €16,791 | €17,496 | ▲ 4.2% |
| Financial charges65/66B | - | - | - | €9,760 | €5,616 | €11,841 | €6,969 | €2,611 | ▼ 62.5% |
| Recurring financial charges65 | €9,051 | €9,106 | €6,438 | €9,760 | €5,616 | €11,841 | €6,969 | €2,611 | ▼ 62.5% |
| Profit (loss) for the period before taxes9903 | €19,929 | €102,482 | €173,110 | -€67,520 | €300,851 | -€18,695 | -€7,914 | -€3,313 | ▲ 58.1% |
| Transfer from deferred taxes780 | - | - | - | - | - | €11,187 | €0 | - | - |
| Transfer to deferred taxes680 | - | - | - | - | €93,327 | €0 | - | - | - |
| Income taxes67/77 | - | €5,832 | €41,160 | €414 | €0 | - | - | €0 | - |
| Profit (loss) for the period9904 | €19,929 | €96,649 | €131,949 | -€67,933 | €207,524 | -€7,508 | -€7,914 | -€3,314 | ▲ 58.1% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €33,560 | €0 | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €279,981 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €19,929 | €96,649 | €131,949 | -€67,933 | -€72,457 | €26,052 | -€7,914 | -€3,314 | ▲ 58.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €579,949 | €548,824 | €868,213 | €641,323 | €819,058 | €822,358 | €825,996 | €600,357 | ▼ 27.3% |
| Fixed assets21/28 | €356,392 | €315,616 | €310,798 | €307,283 | €295 | €2,343 | €1,845 | €1,347 | ▼ 27.0% |
| Tangible fixed assets22/27 | €318,792 | €315,616 | €310,798 | €307,283 | €295 | €2,343 | €1,845 | €1,347 | ▼ 27.0% |
| Land and buildings22 | - | - | - | €306,692 | €0 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €591 | €295 | €2,343 | €1,845 | €1,347 | ▼ 27.0% |
| Financial fixed assets28 | €37,600 | €0 | - | - | - | - | - | - | - |
| Current assets29/58 | €223,557 | €233,208 | €557,416 | €334,040 | €818,762 | €820,016 | €824,152 | €599,010 | ▼ 27.3% |
| Amounts receivable within one year40/41 | €170,063 | €227,813 | €556,532 | €320,216 | €818,425 | €818,099 | €820,689 | €597,294 | ▼ 27.2% |
| Trade receivables40 | - | - | - | €2,420 | €0 | €3,762 | €750 | €1,059 | ▲ 41.2% |
| Other amounts receivable41 | - | - | - | €317,796 | €818,425 | €814,337 | €819,939 | €596,235 | ▼ 27.3% |
| Cash at bank and in hand54/58 | €20,004 | €4,145 | €884 | €13,824 | €338 | €224 | €540 | €135 | ▼ 74.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,692 | €2,922 | €1,580 | ▼ 45.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €579,949 | €548,824 | €868,213 | €641,323 | €819,058 | €822,358 | €825,996 | €600,357 | ▼ 27.3% |
| Equity10/15 | €61,488 | €158,138 | €290,087 | €222,154 | €429,678 | €422,170 | €414,257 | €410,943 | ▼ 0.8% |
| Contributions10/11 | €130,600 | €130,600 | - | €130,600 | €130,600 | €130,600 | €130,600 | €130,600 | = |
| Reserves13 | - | €1,377 | €1,377 | €1,377 | €281,358 | €247,798 | €247,798 | €247,798 | = |
| Non-distributable reserves130/1 | - | - | - | €1,377 | €1,377 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,377 | €1,377 | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | - | - | €279,981 | €246,421 | €246,421 | €246,421 | = |
| Distributable reserves133 | - | - | - | - | - | €1,377 | €1,377 | €1,377 | = |
| Profit (loss) carried forward14 | -€69,112 | €26,161 | €158,110 | €90,177 | €17,720 | €43,773 | €35,859 | €32,545 | ▼ 9.2% |
| Provisions and deferred taxes16 | - | - | - | - | €93,327 | €82,140 | €82,140 | €82,140 | = |
| Deferred taxes168 | - | - | - | - | €93,327 | €82,140 | €82,140 | €82,140 | = |
| Amounts payable17/49 | €518,461 | €390,687 | €578,126 | €419,169 | €296,053 | €318,048 | €329,599 | €107,274 | ▼ 67.5% |
| Amounts payable within one year42/48 | €518,461 | €390,687 | €578,126 | €419,169 | €296,053 | €317,298 | €329,599 | €107,274 | ▼ 67.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €170,833 | €0 | - | - | - | - |
| Trade debts44 | €1,103 | €737 | €7,282 | €3,599 | €1,834 | €6,865 | €1,543 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €3,599 | €1,834 | €6,865 | €1,543 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €3,404 | €0 | - | - | - | - |
| Taxes450/3 | - | - | - | €3,404 | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €241,333 | €294,219 | €310,433 | €328,056 | €107,274 | ▼ 67.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €750 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,929 | €96,649 | €131,949 | -€67,933 | €207,524 | -€7,508 | -€7,914 | -€3,314 | ▲ 58.1% |
| + Depreciation and write-downs630 | €18,831 | €19,781 | €14,645 | €18,313 | €295 | €442 | €498 | €498 | = |
| Operating cash flow (approximation) | €38,760 | €116,431 | €146,594 | -€49,621 | €207,820 | -€7,066 | -€7,416 | -€2,816 | ▲ 62.0% |
| Investment in fixed assets (approximation) | - | €20,995 | -€9,826 | -€14,798 | €306,692 | -€2,490 | €0 | €0 | - |
| Change in cash | - | -€15,859 | -€3,261 | €12,940 | -€13,486 | -€114 | €316 | -€405 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as BERYLLUS has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BERYLLUS itself: 0.3% 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 BERYLLUS. 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.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-06-2026 | 2026-00256485 | |
| 31-12-2024 | abbreviated format | 22-08-2025 | 2025-00392120 | |
| 31-12-2023 | abbreviated format | 22-08-2024 | 2024-00367615 | |
| 31-12-2022 | abbreviated format | 24-07-2023 | 2023-00263276 | |
| 31-12-2021 | abbreviated format | 09-06-2022 | 2022-20052174 | |
| 31-12-2020 | abbreviated format | 03-06-2021 | 2021-16800100 | |
| 31-12-2019 | abbreviated format | 30-06-2020 | 2020-22500163 | |
| 31-12-2018 | micro format | 20-05-2019 | 2019-13300173 | |
| 31-12-2017 | micro format | 11-06-2018 | 2018-16900093 | |
| 31-12-2016 | abbreviated format | 14-06-2017 | 2017-16800093 |