CSL BEHRING
ActiveSummary
CSL BEHRING has been active since 1995 and the Belgian Official 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 about 21% per year across the filed financial years. Its solvency ranks better than 58% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 36.4 FTE
- Equity
- €48.3m
- Profit
- €9.0m
- Parent
- CSL Behring ApS · 51.83%
- Holdings
- 1
- Camilla ShenDirector
- Alexandros SigalasDirector
Why 95raises riskLiquidity: current ratio 2.05lowers riskFounded in 1995Size: turnover €184.4m, 36.4 FTE, total assets €92.0mEquity €48.3m (52.4% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (NACE 46, small): better than 61% on solvency, 70% on liquidity, 60% on profitability and 85% on growth.
The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 47 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Resignation: Marcelo Estrella (director)Appointment: Alexandros Sigalas (director) ·…
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2020 to 2025net €9.0m ▲37.7%
Financials · financial year 2025, full format
2020 to 2025, 5 financial years 2020 to 2025, 5 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 20,136 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 20,136 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.
| 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 | - | -€0.6m | -€6.7m | €1.1m | -€9.4m | - |
| 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 | €0.06m | €0.05m | €0.04m | €0.03m | €0.02m | ▼ 19.9% |
| Other operating charges640/8 | - | €0.001m | €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 | - | €0.05m | €0.006m | €0.2m | €0.2m | ▲ 11.0% |
| Recurring financial income75 | - | €0.05m | €0.006m | €0.2m | €0.2m | ▲ 11.0% |
| Other financial income752/9 | - | €0.05m | €0.006m | €0.2m | €0.2m | ▲ 11.0% |
| Financial charges65/66B | - | €0.07m | €0.1m | €0.07m | €0.2m | ▲ 240% |
| Recurring financial charges65 | €0.1m | €0.07m | €0.1m | €0.07m | €0.2m | ▲ 240% |
| Debt charges650 | €0.05m | €0.05m | €0.07m | €0.05m | €0.06m | ▲ 17.1% |
| Other financial charges652/9 | - | €0.01m | €0.03m | €0.02m | €0.2m | ▲ 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 | - | €0.08m | - | - | - | - |
| 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 | €0.2m | €0.1m | €0.1m | €0.07m | €0.06m | ▼ 21.1% |
| Furniture and vehicles24 | - | €0.04m | €0.04m | €0.03m | €0.03m | ▼ 15.2% |
| Other tangible fixed assets26 | - | €0.07m | €0.06m | €0.04m | €0.03m | ▼ 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 | - | €0.5m | €0.5m | €8.1m | €7.4m | ▼ 8.0% |
| Deferred charges and accrued income490/1 | - | €0.2m | €0.3m | €0.04m | €0.06m | ▲ 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 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Legal reserve130 | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Other1319 | - | €16 | €16 | €16 | €16 | = |
| Tax-exempt reserves132 | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| 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 | - | €0.05m | €2.7m | €4.5m | €1.0m | ▼ 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 | €0.06m | €0.05m | €0.04m | €0.03m | €0.02m | ▼ 19.9% |
| Operating cash flow (approximation) | €4.2m | €5.1m | €4.5m | €6.6m | €9.0m | ▲ 37.4% |
| Investment in fixed assets (approximation) | - | - | -€0.02m | -€0.005m | -€0.006m | ▼ 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.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | full format | 19-12-2025 | 2025-00585921 |
| 30-06-2024 | full format | 18-12-2024 | 2024-00618674 |
| 30-06-2023 | full format | 20-11-2023 | 2023-00513284 |
| 30-06-2022 | full format | 15-12-2022 | 2022-20537723 |
| 30-06-2021 | full format | 20-12-2021 | 2021-80800234 |
| 30-06-2020 | full format | 18-12-2020 | 2020-76100601 |
| 30-06-2019 | full format | 27-12-2019 | 2019-77600195 |
| 30-06-2018 | full format | 14-03-2019 | 2019-06900515 |
| 30-06-2017 | full format | 30-01-2018 | 2018-02600588 |
| 30-06-2016 | full format | 09-02-2017 | 2017-04100240 |
Similar companies · same sector, comparable size
Public contracts
Show 5 more contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Board 2
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Camilla Shen |
|
| Alexandros Sigalas |
|
| DELOITTE Bedrijfsrevisoren BV |
|
| Marcelo Estrella |
|
| Lutz Bonacker |
|
Owners and capital
Owners
4 ownersChain of control
- CSL LimitedAU
- CSL Behring ApSDK
- CSL BEHRING
Highest known parent: CSL Limited (Australia). The sources do not say who stands above it.
Owners 4
- CSL Behring ApSDKparentSourceown accounts 30-06-202551.83%
- CSL LimitedAUconsolidating parentconsolidates
- CSL Behring GmbHDESourceown accounts 30-06-202548.17%
- CSL plasma GmbHDESourceown accounts 30-06-20250%
According to the annual accounts to 30-06-2025 of CSL BEHRING and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
1 holdingHoldings 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 Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-07
Gazette deed
Resignation: Marcelo Estrella (director)Appointment: Alexandros Sigalas (director) · Director discharge4 facts ▸
- General meeting, 29-03-2026
- Director resignation, Marcelo Estrella (director)
- Director discharge, Marcelo Estrella (director)
- Director appointment, Alexandros Sigalas (director)
02-06
Gazette deed
Reappointment: Marcelo Estrella (director)Resignations: Lutz Bonacker (director) and EY Bedrijfsrevisoren BV (statutory auditor) · Appointments: Camilla Shen (director) and Deloitte Bedrijfsrevisoren BV (statutory auditor)7 facts ▸
- General meeting, 28-11-2024
- Director reappointment, Marcelo Estrella (director)
- Director resignation, Lutz Bonacker (director)
- Director appointment, Camilla Shen (director)
- Auditor resignation, EY Bedrijfsrevisoren BV (statutory auditor)
- Auditor appointment, Deloitte Bedrijfsrevisoren BV (statutory auditor)
- Other provision, “materiële vergissing in notulen algemene vergadering vorig jaar, benoeming Deloitte Bedrijfsrevisoren BV niet opgenomen in notulen” (deed in Dutch)
About the unread acts
Of the 18 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 16 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12403E0765/00L000 | Flanders | 1.1 ha | 1 · 3,812 m² | 18.8 m · 6 |
How the parcels are linked
Articles of association
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 02-06-2025
Read from the deeds: 1 provision, deed of 02-06-2025