Equity
BARTOO has made a profit in every financial year since 2008.
BARTOO has made a profit in every financial year since 2008.
In 2025, 441 short contracts started and 440 ended, on average 137 hours worked per contract. Staff averaged 34 full-time equivalents.
Nine of the last ten came late. The 2019 accounts came latest: 104 days after the end of the period.
The dashed line is the sector median: 0.4% across 3,697 companies (NACE 47, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 47, small). It does better than 60% of them on solvency, 42% on liquidity, 69% on profitability and 75% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 17,811 companies had the same profile as BARTOO has now. Each dot stands for 45 companies, two years later.
That fits the bankruptcy probability of BARTOO itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for BARTOO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.48 (1.47 in 2024), below the usual 1.5. Short-term debt is 57% and cash 14.1% of total assets. 61.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 38 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| BARTOO Turnhout | €23.6m | €4.7m | 38.8% | 34.3 |
| GROUP DUYCK Asse | €14.7m | €4.1m | 57.8% | 31.1 |
| GEERAERD PCK Knokke-Heist | €16.5m | €4.5m | 65.7% | 24.5 |
| GARAGE DEVISCH Ichtegem | €13.6m | €3.3m | 15.6% | 40 |
| Autohandel Didier Waregem | €21.3m | €5.2m | 51.8% | 36.8 |
| CARROSSERIE NIJSMANS Wijnegem | €9.1m | €3.0m | 64.6% | 26.2 |
| GARAGE VANCAYZEELE Ypres | €13.2m | €2.9m | 40.2% | 26.6 |
These companies have the same main activity as BARTOO: retail sale of cars and light vans (up to 3.5 tonnes) (NACE 47811). They are comparable in size and age: total assets between €9.1m and €21m, founded between 1994 and 2018.
BARTOO files the abbreviated format. That format states no turnover. The gross margin rose from €631,604 in 2008 to €4.7m in 2025.
C.M.C. holds all the shares. In March 2026, the Official Gazette published the appointment of JORBE as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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