CSL BEHRING
ActiveSummary
CSL BEHRING has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48.3m and a net result of €9.0m. Equity is growing by ~20.9% per year across the filed fiscal years. Its solvency ranks better than 58% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+2
Solvency77▲+3
Growth72▲+2
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.05 against 1.92 in 2024; short-term debt: 47.6% of total assets), and 47.6% 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
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
52.4%
Return on assets
9.8%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 d early
2024
44 d early
2023
72 d early
2022
47 d early
2021
42 d early
2020
44 d early
2019
35 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 47 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#9 company by total assets in Mechelen, Wholesale and retail trade sector#9 company by equity in Mechelen, Wholesale and retail trade sector
Turnover
€184.4m▲ 16.1%
2024 · €158.9m
EBIT margin
6.6%▲ 1.1pp
2024 · 5.5%
Net result
€9.0m▲ 37.7%
2024 · €6.5m
Working capital
€45.9m▲ 24.5%
2024 · €36.9m
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
Line20202022202320242025
Turnover€124.6m-€120.6m-€140.9m▲ 16.8%€158.9m▲ 12.8%€184.4m▲ 16.1%
Operating result€6.0m-€6.7m-€6.4m▼ 4.5%€8.7m▲ 36.3%€12.2m▲ 39.7%
Net result€4.1m-€5.0m-€4.5m▼ 10.8%€6.5m▲ 46.2%€9.0m▲ 37.7%
EBIT margin4.8%-5.6%-4.5%▼ 1.0pp5.5%▲ 0.9pp6.6%▲ 1.1pp
Equity€18.5m-€28.3m-€32.7m▲ 15.8%€39.3m▲ 20.0%€48.3m▲ 22.9%
Total assets€48.3m-€46.0m-€64.4m▲ 40.1%€79.4m▲ 23.3%€92.0m▲ 15.9%
Debt€29.8m-€17.7m-€31.7m▲ 78.8%€40.1m▲ 26.7%€43.8m▲ 9.1%
Working capital€15.9m-€25.8m-€30.3m▲ 17.4%€36.9m▲ 21.7%€45.9m▲ 24.5%
Staff (FTE)30.3-31.5-33▲ 4.8%35.9▲ 8.8%36.4▲ 1.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92.0m
Fixed assets
€2.4m ▼ 0.7%
Current assets
€89.6m ▲ 16.4%
Equity and liabilities €92.0m
Equity
€48.3m ▲ 22.9%
Debt
€43.8m ▲ 9.1%
Debt's share of the balance-sheet total falls from 50.5% to 47.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12.2m▲
2024 · €8.7m
Cash flow
€9.0m▲
2024 · €6.6m
Current ratio
2.05▲
2024 · 1.92
Quick ratio
1.22▼
2024 · 1.25
Debt to equity
0.91▼
2024 · 1.02
ROE
18.6%▲
2024 · 16.6%
ROA
9.8%▲
2024 · 8.2%
Interest coverage
206.98▲
2024 · 173.78
Debt ≤ 1 year
€43.8m▲
2024 · €40.1m
Income taxes
€3.2m▲
2024 · €2.3m
Staff costs
€7.8m▲
2024 · €7.0m
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 0.3% 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 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €123.0m | €144.0m | €162.4m | €191.9m | ▲ 18.2% |
| Turnover70 | €124.6m | €120.6m | €140.9m | €158.9m | €184.4m | ▲ 16.1% |
| Other operating income74 | - | €2.3m | €3.1m | €3.5m | €7.5m | ▲ 111% |
| Operating charges60/66A | - | €116.3m | €137.6m | €153.7m | €179.8m | ▲ 16.9% |
| Goods for resale, raw materials and consumables60 | - | €106.8m | €122.2m | €139.7m | €166.7m | ▲ 19.4% |
| Purchases600/8 | - | €107.4m | €128.9m | €138.6m | €176.2m | ▲ 27.1% |
| Change in stocks: decrease (increase)609 | - | -€592,099 | -€6.7m | €1.1m | -€9.4m | ▼ 942% |
| Services and other goods61 | - | €4.1m | €5.4m | €5.3m | €5.2m | ▼ 1.2% |
| Remuneration, social security and pensions62 | - | €5.2m | €6.6m | €7.0m | €7.8m | ▲ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €59,019 | €49,704 | €37,085 | €27,450 | €21,987 | ▼ 19.9% |
| Other operating charges640/8 | - | €641 | €3.3m | €1.8m | €160 | ▼ 100.0% |
| Operating profit (loss)9901 | €6.0m | €6.7m | €6.4m | €8.7m | €12.2m | ▲ 39.7% |
| Financial income75/76B | - | €45,255 | €5,969 | €216,373 | €240,188 | ▲ 11.0% |
| Recurring financial income75 | - | €45,255 | €5,969 | €216,373 | €240,188 | ▲ 11.0% |
| Other financial income752/9 | - | €45,255 | €5,969 | €216,373 | €240,188 | ▲ 11.0% |
| Financial charges65/66B | - | €67,770 | €95,132 | €67,341 | €228,808 | ▲ 240% |
| Recurring financial charges65 | €99,057 | €67,770 | €95,132 | €67,341 | €228,808 | ▲ 240% |
| Debt charges650 | €47,260 | €52,788 | €66,746 | €50,317 | €58,924 | ▲ 17.1% |
| Other financial charges652/9 | - | €14,982 | €28,386 | €17,024 | €169,884 | ▲ 898% |
| Profit (loss) for the period before taxes9903 | €5.9m | €6.7m | €6.3m | €8.9m | €12.2m | ▲ 37.4% |
| Income taxes67/77 | €1.8m | €1.7m | €1.8m | €2.3m | €3.2m | ▲ 36.8% |
| Taxes670/3 | - | €1.7m | €1.8m | €2.3m | €3.2m | ▲ 36.8% |
| Tax adjustments and reversals of tax provisions77 | - | €79,748 | - | - | - | - |
| Profit (loss) for the period9904 | €4.1m | €5.0m | €4.5m | €6.5m | €9.0m | ▲ 37.7% |
| Profit (loss) for the period to be appropriated9905 | €4.1m | €5.0m | €4.5m | €6.5m | €9.0m | ▲ 37.7% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48.3m | €46.0m | €64.4m | €79.4m | €92.0m | ▲ 15.9% |
| Fixed assets21/28 | €2.5m | €2.4m | €2.4m | €2.4m | €2.4m | ▼ 0.7% |
| Tangible fixed assets22/27 | €211,474 | €114,323 | €97,153 | €74,290 | €58,628 | ▼ 21.1% |
| Furniture and vehicles24 | - | €40,345 | €41,534 | €29,809 | €25,285 | ▼ 15.2% |
| Other tangible fixed assets26 | - | €73,978 | €55,619 | €44,481 | €33,343 | ▼ 25.0% |
| Financial fixed assets28 | €2.3m | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Affiliated companies280/1 | - | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Participating interests280 | - | €2.3m | €2.3m | €2.3m | €2.3m | = |
| Current assets29/58 | €45.8m | €43.5m | €62.0m | €77.0m | €89.6m | ▲ 16.4% |
| Stocks and contracts in progress3 | €17.6m | €21.4m | €28.1m | €27.0m | €36.4m | ▲ 34.9% |
| Stocks30/36 | - | €21.4m | €28.1m | €27.0m | €36.4m | ▲ 34.9% |
| Goods purchased for resale34 | - | €21.4m | €28.1m | €27.0m | €36.4m | ▲ 34.9% |
| Amounts receivable within one year40/41 | €28.1m | €21.9m | €33.5m | €49.9m | €53.1m | ▲ 6.4% |
| Trade receivables40 | - | €21.4m | €33.0m | €41.8m | €45.7m | ▲ 9.2% |
| Other amounts receivable41 | - | €472,761 | €482,422 | €8.1m | €7.4m | ▼ 8.0% |
| Deferred charges and accrued income490/1 | - | €194,164 | €319,925 | €36,097 | €63,851 | ▲ 76.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48.3m | €46.0m | €64.4m | €79.4m | €92.0m | ▲ 15.9% |
| Equity10/15 | €18.5m | €28.3m | €32.7m | €39.3m | €48.3m | ▲ 22.9% |
| Contributions10/11 | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Capital10 | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Issued capital100 | - | €1.7m | €1.7m | €1.7m | €1.7m | = |
| Reserves13 | €202,453 | €202,453 | €202,453 | €202,453 | €202,453 | = |
| Non-distributable reserves130/1 | - | €166,002 | €166,002 | €166,002 | €166,002 | = |
| Legal reserve130 | - | €165,986 | €165,986 | €165,986 | €165,986 | = |
| Other1319 | - | €16 | €16 | €16 | €16 | = |
| Tax-exempt reserves132 | - | €36,451 | €36,451 | €36,451 | €36,451 | = |
| Profit (loss) carried forward14 | €16.6m | €26.4m | €30.9m | €37.4m | €46.4m | ▲ 24.1% |
| Amounts payable17/49 | €29.8m | €17.7m | €31.7m | €40.1m | €43.8m | ▲ 9.1% |
| Amounts payable within one year42/48 | €29.8m | €17.7m | €31.7m | €40.1m | €43.8m | ▲ 9.1% |
| Financial debts43 | - | €4.4m | €6.5m | - | - | - |
| Other loans439 | - | €4.4m | €6.5m | - | - | - |
| Trade debts44 | €22.3m | €11.7m | €20.6m | €33.7m | €40.5m | ▲ 20.3% |
| Suppliers440/4 | - | €11.7m | €20.6m | €33.7m | €40.5m | ▲ 20.3% |
| Taxes, remuneration and social security45 | - | €1.6m | €4.6m | €6.5m | €3.3m | ▼ 49.4% |
| Taxes450/3 | - | €46,677 | €2.7m | €4.5m | €978,670 | ▼ 78.2% |
| Remuneration and social security454/9 | - | €1.6m | €1.9m | €2.0m | €2.3m | ▲ 16.9% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.1m | €5.0m | €4.5m | €6.5m | €9.0m | ▲ 37.7% |
| + Depreciation and write-downs630 | €59,019 | €49,704 | €37,085 | €27,450 | €21,987 | ▼ 19.9% |
| Operating cash flow (approximation) | €4.2m | €5.1m | €4.5m | €6.6m | €9.0m | ▲ 37.4% |
| Investment in fixed assets (approximation) | - | - | -€19,915 | -€4,587 | -€6,325 | ▼ 37.9% |
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
2025
19-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-06
Financial
Highest result since 2020net €9.0m ▲37.7%
Operating result €12.2m, net result €9.0m, both a record.
2024
18-12
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
15-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-06
Financial
Equity above €25mEq €28.3m ▲52.9%
2 profitable years in a row build equity to €28.3m.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
27-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 42 days late
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 18 acts read
About the unread acts
We know of 18 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
18 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, Mechelen · 1 establishment unit since 1995
Ground area
1.1 ha
Building footprint
3,812 m²
Volume, LiDAR
60,373 m³
Parcel 12403E0765/00L000, Flanders · tallest building 18.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Bedrijvenlaan 11, 2800 Mechelen
since 19952.071.269.902
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0765/00L000 | Flanders | 1.1 ha | 1 · 3,812 m² | 18.8 m · 6 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
3 owners · 1 holdingChain of control
- CSL Behring ApSDK
- CSL BEHRING
Highest known parent: CSL Behring ApS (Denmark). The sources do not say who stands above it.
Owners 3
- CSL Behring ApSDKparentSourceown accounts 30-06-202551.83%
- CSL Behring GmbHDESourceown accounts 30-06-202548.17%
- CSL plasma GmbHDESourceown accounts 30-06-20250%
Holdings 1
-
100%
According to the annual accounts to 30-06-2025 of CSL BEHRING 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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Identification & contact
Identification
Legal formPublic limited company
Founded15-02-1995
Fiscal year end30-06
Activities, NACEBEL 2025
46460Wholesale of pharmaceutical and medical goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454483701
Also
9925:BE0454483701
Registered
13-12-2023
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.