BARTHO & CO
ActiveSummary
BARTHO & CO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €441k and a net result of €109k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 133 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
98
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2025
Profitability96▲+12
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 7.03 against 13.66 in 2025; short-term debt: 10.3% and cash: 40.7% of total assets), and 11.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
88.6%
Return on assets
21.8%
Age of the figures
6 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 12-09-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
49 d early
2025
44 d early
2024
76 d early
2023
82 d early
2022
60 d early
2021
11 d early
2020
71 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-03-2027 close31-10-2027 deadline
Financials · fiscal year 2026, micro schema
Equity
€441k▲ 15.8%
2025 · €381k
2019: €61k
2020: €109k
2021: €171k
2022: €212k
2023: €279k
2024: €339k
2025: €381k
2019 → 2026
Total assets
€498k▲ 18.6%
2025 · €420k
2019: €76k
2020: €168k
2021: €211k
2022: €245k
2023: €329k
2024: €403k
2025: €420k
2019 → 2026
Net result
€109k▲ 113%
2025 · €51k
2019: €15k
2020: €49k
2021: €62k
2022: €41k
2023: €67k
2024: €71k
2025: €51k
2019 → 2026
Working capital
€309k▼ 12.1%
2025 · €352k
2019: €54k
2020: €101k
2021: €152k
2022: €195k
2023: €247k
2024: €300k
2025: €352k
2019 → 2026
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20222023202420252026Trend
Equity€212k-€279k▲ 31.6%€339k▲ 21.5%€381k▲ 12.5%€441k▲ 15.8%
Operating result€59k-€97k▲ 62.8%€103k▲ 6.9%€61k▼ 40.7%€155k▲ 153%
Net result€41k-€67k▲ 63.8%€71k▲ 6.7%€51k▼ 28.4%€109k▲ 113%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2026; 2026 is 153% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €498k
Fixed assets
€138k ▲ 240%
Current assets
€360k ▼ 5.1%
Equity and liabilities €498k
Equity
€441k ▲ 15.8%
Debt
€57k ▲ 45.5%
Debt's share of the balance-sheet total rises from 9.3% to 11.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€174k▲
2025 · €83k
Cash flow
€128k▲
2025 · €73k
Current ratio
7.03▼
2025 · 13.66
Debt to equity
0.13▲
2025 · 0.10
ROE
24.7%▲
2025 · 13.4%
ROA
21.8%▲
2025 · 12.2%
Interest coverage
211.72▲
2025 · 86.93
Debt ≤ 1 year
€51k▲
2025 · €28k
Debt > 1 year
€5k▼
2025 · €11k
Income taxes
€50k▲
2025 · €22k
Staff costs
€51k▲
2025 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2026 against 2025 · 51 lines
Balance sheet
Code20252026
Assets
Total assets20/58€420k€498k▲
Fixed assets21/28€40k€138k▲
Tangible fixed assets22/27€40k€138k▲
Land and buildings22€2k€2k=
Plant, machinery and equipment23€4k€7k▲
Furniture and vehicles24€34k€128k▲
Current assets29/58€380k€360k▼
Amounts receivable within one year40/41€156k€154k▼
Trade receivables40€22k€62k▲
Other amounts receivable41€135k€93k▼
Current investments50/53€40k-
Cash at bank and in hand54/58€180k€203k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€420k€498k▲
Equity10/15€381k€441k▲
Contributions10/11€19k€19k=
Reserves13€362k€422k▲
Distributable reserves133€362k€422k▲
Amounts payable17/49€39k€57k▲
Amounts payable after more than one year17€11k€5k▼
Financial debts170/4€11k€5k▼
Amounts payable within one year42/48€28k€51k▲
Current portion of amounts payable after more than one year42€6k€6k▲
Trade debts44€2k€901▼
Suppliers440/4€2k€901▼
Taxes, remuneration and social security45€20k€42k▲
Taxes450/3€13k€35k▲
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48€254€2k▲
Accrued charges and deferred income492/3€545€1k▲
Income statement
Code20252026
Non-recurring operating income76A€5k-
Remuneration, social security and pensions62€45k€51k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€20k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€2k€907▼
Gross operating margin9900€130k€228k▲
Operating profit (loss)9901€61k€155k▲
Financial income75/76B€13k€5k▼
Recurring financial income75€13k€5k▼
Financial charges65/66B€956€823▼
Recurring financial charges65€956€823▼
Profit (loss) for the period before taxes9903€73k€159k▲
Income taxes67/77€22k€50k▲
Profit (loss) for the period9904€51k€109k▲
Profit (loss) for the period to be appropriated9905€51k€109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€51k€109k▲
Transfer from equity791/2€15k€49k▲
Transfer to equity691/2€51k€109k▲
To other reserves6921€51k€109k▲
Profit to be distributed694/7€15k€49k▲
Return on contributions (dividend)694€15k€49k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2027, expected by
2026
12-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
31-03
Financial
Highest result since 2019net €109k ▲113%
Operating result €155k, net result €109k, both a record.
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €200kEq €212k ▲23.9%
4 profitable years in a row build equity to €212k.
2021
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Equity above €150kEq €171k ▲56.4%
3 profitable years in a row build equity to €171k.
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Equity above €100kEq €109k ▲80.1%
2 profitable years in a row build equity to €109k.
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
18-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Herselt · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vorstheide 382230 HerseltGround area
1,551 m²
Building footprint
173 m²
Volume, LiDAR
811 m³
Parcel 13013F0532/00M000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vorstheide 38, 2230 Herselt
since 20092.186.945.667
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13013F0532/00M000 | Flanders | 1,551 m² | 1 · 173 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ALLIANCE ACCOUNTANTS
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BD-CONSULT
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R.G.C.I.
BE 0821.053.926
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HAYS SERVICES
BE 0810.328.694
Kortrijk · Eq €438,897
Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,645 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-06-2009
Fiscal year end31-03
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.