Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 38 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Berkeley Research Group Belgium from Elsene, company number BE0803977867, closed financial year 2025 with a result of € -5.3 million after tax. For that financial year Berkeley Research Group Belgium recorded revenue of € 15 million and equity of € -17.5 million. Compared with financial year 2024, the result moved from € -12.2 million to € -5.3 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 4, 2026.
€ -17.5 million
▼ € 5.3 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5.3 million
▲ 56 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2.9 million
▲ € 2.2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -17.6 million.
People and assets in 2025
15.1
▲ 8.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.6 million
▲ 35% vs 2024
€ 568,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 346,949
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 3.8 million
▲ 90% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 141 days on average.
€ 3.5 million
▲ 71% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Revenue | € 11,013,488 | € 15,029,764 | ▲ 36% |
| Profit after taxes | € -12,211,476 | € -5,338,569 | ▲ € 6.9 million |
| Equity | € -12,161,476 | € -17,500,045 | ▼ € 5.3 million |
| Total debts | € 19,015,214 | € 31,217,501 | ▲ 64% |
| Cash | € 711,214 | € 2,901,371 | ▲ € 2.2 million |
| Retained profit | € -12,211,476 | € -17,550,045 | ▼ € 5.3 million |
| Balance sheet total | € 6,853,738 | € 13,717,456 | ▲ 100% |
| Employees (FTE) | 6.7 | 15.1 | ▲ 8.4 |
Key figures of Berkeley Research Group Belgium, fiscal years 2024 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Berkeley Research Group Belgium?
What happened at Berkeley Research Group Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5.3 million. filed late Source: NBB ↗
- Leo WING became a director. NBB
- David JOHNSON stepped down as director. NBB
- New establishment in Brussel. KBO
- Eric MILLER became a director. NBB
- David JOHNSON became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 12.2 million loss in 2024 to € 5.3 million loss in 2025.
Pays suppliers within 141 days on average.
A new publication or filing at Berkeley Research Group Belgium? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Berkeley Research Group Belgium are Eric MILLER and Leo WING. The shares are held by Berkeley Research Group (100%).
Directors
According to the 2025 annual accounts
Eric MILLER
Director
since 2023
Leo WING
Director
since 2026
David JOHNSON
Director
since 2023 · until 2026
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 149
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →The Hamilton Company (Belgium)
Touche Ross Consultants
Voorzorgskas van het Personeel van de Naamloze Vennootschap De Verenigde Meesters
Rentco
Club des Amitiés commerciales et industrielles
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0803.977.867
- VAT number
- BE 0803.977.867
- Registered office
- Louizalaan 149, 1050 Elsene
- Names & denominations
- Berkeley Research Group Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2023
- Peppol
- Active · Active since 8 Jan 2026
- Activities · NACE
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Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Overige zakelijke dienstverlening, neg
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Adviesbureaus op het gebied van public relations en communicatie
Diverse administratieve activiteiten ten behoeve van kantoren