ACTIVE

Anciens Etablissements Berg

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Financial year 2025 · closed on 30/09/2025

Net result

243,4 k €

+177.3% YoY

Gross margin

672,5 k €

+30.8% YoY

Equity

1,7 M €

+17.1% YoY

What does Anciens Etablissements Berg do?

Anciens Etablissements Berg is a Public limited company incorporated in 1952. Its main activity is: Construction of buildings. Its registered office is in Ixelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.426.265

Incorporation

25/03/1952

Legal form

Public limited company

Registered office

Chaussée de Waterloo 540
1050 Ixelles · BruxellesSee on map

Contributed capital

103 980,00 €

Latest accounts

30/09/2025

Activities (NACE)

41001Construction of buildings· main 41201Construction of residential and non-residential buildings 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	672,5 k €	+30.8%	514 k €	-15.6%	608,9 k €	+14.3%	532,9 k €	+3.8%	513,5 k €	-30.4%	737,7 k €	-13.3%	851 k €	-43.8%	1,5 M €	+101%	755,7 k €	-41.5%	1,3 M €	+78.2%	725,1 k €	-10.4%	809,2 k €	-0.0%	809,2 k €	+1.1%	800,4 k €	+15.1%	695,2 k €	-3.1%	717,2 k €	+43.8%	498,6 k €	-21.7%	636,6 k €	+18.0%	539,3 k €
EBITDA	620,6 k €	+37.6%	451,1 k €	-17.1%	544,4 k €	+9.9%	495,2 k €	+8.8%	455,4 k €	-31.2%	661,9 k €	-10.0%	735,1 k €	-48.1%	1,4 M €	+111%	670 k €	-42.0%	1,2 M €	+71.6%	673,6 k €	-5.5%	713,1 k €	-2.2%	729,3 k €	-3.6%	756,3 k €	+19.0%	635,3 k €	+8.4%	586,2 k €	-18.1%	715,8 k €	+45.1%	493,2 k €	+6.0%	465,5 k €
Operating result	353,9 k €	+141%	146,9 k €	-51.4%	302,5 k €	+64.0%	184,4 k €	+55.5%	118,6 k €	-47.9%	227,6 k €	+122%	102,3 k €	-90.2%	1 M €	+177%	375,4 k €	-59.5%	925,9 k €	+82.7%	506,8 k €	+0.4%	504,9 k €	+2.4%	493,1 k €	-9.2%	543 k €	+51.1%	359,4 k €	+39.6%	257,4 k €	-31.3%	374,5 k €	+164%	141,8 k €	+21.7%	116,6 k €
Net result	243,4 k €	+177%	87,8 k €	-56.4%	201,2 k €	+68.6%	119,4 k €	+5893%	2 k €	-98.2%	108,2 k €	+255%	30,5 k €	-95.3%	648,8 k €	+285%	168,5 k €	-72.0%	601,3 k €	+105%	292,9 k €	+24.7%	234,8 k €	+5.2%	223,2 k €	+11.9%	199,5 k €	-8.1%	217,1 k €	+142%	89,7 k €	-11.0%	100,9 k €	+942%	-12 k €	-132%	37 k €
Balance sheet
Equity	1,7 M €	+17.1%	1,4 M €	+6.6%	1,3 M €	+17.8%	1,1 M €	+11.8%	1 M €	-34.6%	1,5 M €	+7.5%	1,4 M €	+2.2%	1,4 M €	+85.2%	761,3 k €	-30.0%	1,1 M €	-15.0%	1,3 M €	+28.7%	994,8 k €	+30.9%	760 k €	+39.7%	544 k €	+10.0%	494,5 k €	+1.5%	487,3 k €	-22.4%	628,1 k €	+16.7%	538,3 k €	-49.3%	1,1 M €
Total assets	4,3 M €	-4.2%	4,5 M €	-5.8%	4,8 M €	+0.6%	4,8 M €	-5.6%	5,1 M €	-31.4%	7,4 M €	-6.5%	7,9 M €	+82.4%	4,3 M €	+17.0%	3,7 M €	+26.1%	2,9 M €	+9.8%	2,7 M €	-9.3%	2,9 M €	-3.1%	3 M €	+10.6%	2,7 M €	-16.5%	3,3 M €	-7.9%	3,6 M €	-7.8%	3,9 M €	-13.4%	4,5 M €	+2.5%	4,4 M €
Cash	5,5 k €		–		4,6 k €	-78.2%	21,1 k €	+2138%	942,6 €	-99.1%	104,7 k €	-81.0%	550 k €	-5.1%	579,7 k €	+6203%	9,2 k €	+21.3%	7,6 k €	-82.7%	43,8 k €	-73.5%	165 k €	+197%	55,6 k €	+246974%	22,5 €	-100.0%	65 k €	+56.2%	41,6 k €	-74.6%	164,2 k €	+104%	80,3 k €	+67.7%	47,9 k €
Debts	2,4 M €	-14.3%	2,8 M €	-10.7%	3,2 M €	-4.4%	3,3 M €	-10.3%	3,7 M €	-30.6%	5,3 M €	-10.1%	5,9 M €	+188%	2,1 M €	-12.5%	2,3 M €	+87.1%	1,3 M €	+32.9%	943,7 k €	-37.1%	1,5 M €	-13.7%	1,7 M €	+3.6%	1,7 M €	-17.1%	2 M €	-12.5%	2,3 M €	-6.8%	2,5 M €	-13.9%	2,9 M €	+27.2%	2,3 M €
Other
Workforce	–		–		–		–		0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP		–		–		–		–		–		0,1 ETP	0.0%	0,1 ETP	0.0%	0,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 11 ended

Active mandates

Ewelina ZÜK

Managing director · until 06 mars 2027

Active

Ended mandates

AUTO BRUSSELS CONCEPT

Director · since 20 septembre 2011 · until 06 mars 2015 · 0860.377.429

Represented by Ewelina ZÜK

Ended

Alik SHAPIRO

Managing director · until 28 septembre 2011

Ended

Alik SHAPIRO

Managing director · until 06 mars 2015

Ended

Alik SHAPIRO

Managing director

Ended

At this address

Other companies at this address

Company	CBE no.
AUTO BRUSSELS CONCEPT● Active	0860.377.429
SIGMA Advisory● Active	0839.963.580

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/04/2026	07/04/2025	30/05/2024	31/03/2023	04/04/2022	29/07/2021
General meeting	06/03/2026	07/03/2025	22/03/2024	03/03/2023	04/03/2022	05/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	06/03/2026	22/04/2026	French	PDF
Abridged model	30/09/2024	07/03/2025	07/04/2025	French	PDF
Abridged model	30/09/2023	22/03/2024	30/05/2024	French	PDF
Abridged model	30/09/2022	03/03/2023	31/03/2023	French	PDF
Abridged model	30/09/2021	04/03/2022	04/04/2022	French	PDF
Abridged model	30/09/2020	05/03/2021	29/07/2021	French	PDF
Abridged model	30/09/2019	20/03/2020	30/04/2020	French	PDF
Abridged model	30/09/2018	22/03/2019	03/04/2019	French	PDF
Abridged model	30/09/2017	23/03/2018	19/04/2018	French	PDF
Abridged model	30/09/2016	03/03/2017	07/04/2017	French	PDF
Abridged model	30/09/2015	04/03/2016	23/03/2016	French	PDF
Abridged model	30/09/2014	06/03/2015	31/03/2015	French	PDF
Abridged model	30/09/2013	07/03/2014	29/04/2014	French	PDF
Abridged model	30/09/2012	14/03/2013	08/04/2013	French	PDF
Abridged model	30/09/2011	28/03/2012	12/04/2012	French	PDF
Abridged model	30/09/2010	31/03/2011	29/04/2011	French	PDF
Abridged model	30/09/2009	25/03/2010	23/04/2010	French	PDF
Abridged model	30/09/2008	06/03/2009	06/05/2009	French	PDF
Abridged model	30/09/2007	31/03/2008	29/04/2008	French	PDF
Abridged model	30/09/2006	30/03/2007	27/04/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 11 ended

Active mandates

Ewelina ZÜK

Managing director · until 06 mars 2027

Active

Ended mandates

AUTO BRUSSELS CONCEPT

Director · since 20 septembre 2011 · until 06 mars 2015 · 0860.377.429

Represented by Ewelina ZÜK

Ended

Alik SHAPIRO

Managing director · until 28 septembre 2011

Ended

Alik SHAPIRO

Managing director · until 06 mars 2015

Ended

Alik SHAPIRO

Managing director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/08/2021
DEMISSIONS, NOMINATIONS
PDF
Restructuring29/10/2020
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Capital / shares11/08/2020
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring12/08/2016
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring07/04/2016
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring08/12/2015
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other19/06/2015
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates17/03/2015
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025243,4 k €↑
2024
Annual accounts 202487,8 k €↓
2023
Annual accounts 2023201,2 k €↑
2022
Annual accounts 2022119,4 k €↑
2021
Annual accounts 20212 k €↓
2019
Annual accounts 2019108,2 k €↑
2018
Annual accounts 201830,5 k €↓
2017
Annual accounts 2017648,8 k €↑
2016
Annual accounts 2016168,5 k €↓
2015
Annual accounts 2015601,3 k €↑
2014
Annual accounts 2014292,9 k €↑
2013
Annual accounts 2013234,8 k €↑
2012
Annual accounts 2012223,2 k €↑
2011
Annual accounts 2011199,5 k €↓
2010
Annual accounts 2010217,1 k €↑
2009
Annual accounts 200989,7 k €↓
2008
Annual accounts 2008100,9 k €↑
2007
Annual accounts 2007-12 k €↓
2006
Annual accounts 200637 k €
25/03/1952
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Anciens Etablissements Berg

Overview

What does Anciens Etablissements Berg do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline