BERCU
BERCU has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €359k and a net result of €117k. Equity is growing by ~35.4% per year across the filed fiscal years. Its solvency ranks better than 90% of 39 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €359k |
| Net result | €117k |
| Staff (FTE) | 1.7 |
| Better than sector | 90% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 93.7% | 53.4% | |
| Net result | €117k | €16k | |
| Equity | €359k | €66k | |
| Gross operating margin | €279k | €45k | |
| Total assets | €383k | €119k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €169k | €78k | €10k |
| Net profit | €117k | €55k | €15k |
| Cash flow | €118k | €56k | €15k |
| Staff costs | €109k | €106k | €125k |
| Income taxes | €51k | €22k | €-4k |
| Dividends | - | - | €12k |
| Total assets | €383k | €276k | €232k |
| Equity | €359k | €242k | €187k |
| Debt | €24k | €34k | €45k |
| of which ≤ 1y | €24k | €34k | €45k |
| of which > 1y | - | - | - |
| Working capital | €356k | €239k | €184k |
| Employees (FTE) | 1.7 | 1.8 | 2.0 |
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 15.62 | 8.03 | 5.09 |
| Quick ratio | 15.34 | 7.55 | 4.49 |
| Working capital ratio | 92.8% | 86.6% | 79.3% |
| Solvency | 93.7% | 87.7% | 80.6% |
| Debt / equity | 0.07 | 0.14 | 0.24 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 330.22 | 95.42 | 14.98 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 30.4% | 19.9% | 6.4% |
| ROE | 32.5% | 22.7% | 8.0% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €383k | €276k | €232k |
| Fixed assets | 21/28 | €3k | €3k | €3k |
| Tangible fixed assets | 22/27 | €2k | €2k | €2k |
| Financial fixed assets | 28 | €774 | €774 | €774 |
| Current assets | 29/58 | €380k | €273k | €229k |
| Stocks & contracts in progress | 3 | €7k | €17k | €27k |
| Amounts receivable within one year | 40/41 | €28k | €30k | €49k |
| Investments | 50/53 | €19k | €20k | €16k |
| Cash & bank | 54/58 | €325k | €206k | €137k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €383k | €276k | €232k |
| Equity | 10/15 | €359k | €242k | €187k |
| Contributions / capital | 10/11 | €63k | €63k | €63k |
| Reserves | 13 | €261k | €144k | €89k |
| Accumulated profits (losses) | 14 | €35k | €35k | €35k |
| Amounts payable | 17/49 | €24k | €34k | €45k |
| Amounts payable within one year | 42/48 | €24k | €34k | €45k |
| Trade debts payable within one year | 44 | €3k | €12k | €19k |
| Income statement | ||||
| Gross operating margin | 9900 | €279k | €184k | €136k |
| Operating result | 9901 | €168k | €77k | €10k |
| Financial income | 75 | €530 | €855 | €2k |
| Financial charges | 65 | €512 | €814 | €678 |
| Result before taxes | 9903 | €168k | €77k | €11k |
| Income taxes | 67/77 | €51k | €22k | €-4k |
| Net result for the period | 9904 | €117k | €55k | €15k |
| Result to be appropriated | 9905 | €117k | €55k | €15k |
Former directors (1)
-
ROGGEMAN Erik Frans JanDirectorState Gazette act 24433514 (03-10-2024)Former- → 23-09-2024
| NACE primary | Manufacture of computer, electronic and optical products(26510) |
| Legal form | Public limited company(014) |
| Incorporation | 01-01-1968 |
| Status | Active |
| Postal code | 2060 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0641/00V004 | Flanders | 122 m² | 1 · 122 m² | 14.9 m · 3 fl. |
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
03-10-2024 Mandate of ROGGEMAN Erik Frans Jan as director expired
- ROGGEMAN Erik Frans Jan, Bestuurder
Technical details
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}| Legal nameNL | BERCU |