Checked.be
Active
BE 0533.705.678Private limited company
BERGFIN
Ernestinelaan 4 ·1050 Elsene, Belgium· 13 yrs active
Sector: Public relations and communication consultancy
(73300)
Conclusion
The computed 12-month bankruptcy probability of BERGFIN is 1.9% (moderate). The 2025 annual accounts show negative equity (€-552k) and a net result of €-454k. Equity is shrinking by ~58.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 6848 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €-552k |
| Net result | €-454k |
| Better than sector | 5% |
| Active | 13 yrs |
Financial profile
54
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
7
Profitability
100
Solvency
33
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2013, 13 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
7
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
43
2020
15
2021
12
2022
21
2023
21
2024
7
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.08 (< 1.0)
-10
Quick ratio
Quick ratio 0.08 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 82% (≥ 10%)
+10
Interest coverage
Interest coverage -1123.3× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~58.7%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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).
Sector comparison
Fiscal year 2025 · NACE 73, Advertising, market research and public relations activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -1163.3% | 54.5% | |
| Net result | €-454k | €14k | |
| Equity | €-552k | €61k | |
| Gross operating margin | €7k | €37k | |
| Total assets | €47k | €139k |
€-452k
-
20-25
€-454k
-
20-25
€-453k
-
20-25
€47k
-90.3%
20-25
€-552k
-460.3%
20-25
€-555k
-253.5%
20-25
€242
-9.8%
20-25
€600k
+2.4%
20-25
€600k
+2.4%
20-25
0.08
-89.7%
20-25
0.08
-89.7%
20-25
-1163.3%
-5651.5%
20-25
-1.09
+81.7%
20-25
82.2%
-
20-25
-955.7%
-
20-25
-1123.27
-
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-452k | €68k | €49k | €-29k | €-37k |
| Net profit | €-454k | €65k | €44k | €-663k | €-40k |
| Cash flow | €-453k | €66k | €46k | €-662k | €-39k |
| Staff costs | - | - | - | - | - |
| Income taxes | €242 | €269 | €349 | €305 | €359 |
| Dividends | - | - | - | - | - |
| Total assets | €47k | €487k | €494k | €489k | €979k |
| Equity | €-552k | €-99k | €-163k | €-208k | €455k |
| Debt | €600k | €586k | €657k | €696k | €524k |
| of which ≤ 1y | €600k | €586k | €657k | €696k | €524k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-555k | €-157k | €-220k | €-265k | €-233k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.08 | 0.73 | 0.67 | 0.62 | 0.56 |
| Quick ratio | 0.08 | 0.73 | 0.67 | 0.62 | 0.56 |
| Working capital ratio | -1167.9% | -32.2% | -44.5% | -54.1% | -23.8% |
| Solvency | -1163.3% | -20.2% | -33.0% | -42.5% | 46.5% |
| Debt / equity | -1.09 | -5.94 | -4.03 | -3.36 | 1.15 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -1123.27 | 44.03 | 22.50 | -14.18 | -21.52 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -955.7% | 13.3% | 9.0% | -135.6% | -4.1% |
| ROE | 82.2% | -65.5% | -27.2% | 319.3% | -8.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €47k | €487k | €494k | €489k | €979k |
| Fixed assets | 21/28 | €2k | €58k | €57k | €57k | €688k |
| Tangible fixed assets | 22/27 | €2k | €3k | €2k | €2k | €3k |
| Financial fixed assets | 28 | €0 | €55k | €55k | €55k | €685k |
| Current assets | 29/58 | €45k | €429k | €437k | €432k | €291k |
| Amounts receivable within one year | 40/41 | €44k | €428k | €425k | €424k | €289k |
| Cash & bank | 54/58 | €1k | €278 | €13k | €7k | €2k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €47k | €487k | €494k | €489k | €979k |
| Equity | 10/15 | €-552k | €-99k | €-163k | €-208k | €455k |
| Contributions / capital | 10/11 | €470k | €470k | €470k | €470k | €470k |
| Reserves | 13 | €6k | €6k | €6k | €6k | €6k |
| Accumulated profits (losses) | 14 | €-1.03M | €-575k | €-640k | €-684k | €-21k |
| Amounts payable | 17/49 | €600k | €586k | €657k | €696k | €524k |
| Amounts payable within one year | 42/48 | €600k | €586k | €657k | €696k | €524k |
| Trade debts payable within one year | 44 | €23k | €21k | €6k | €23k | €16k |
| Income statement | ||||||
| Gross operating margin | 9900 | €7k | €68k | €50k | €-27k | €94k |
| Operating result | 9901 | €-453k | €66k | €47k | €-30k | €-38k |
| Financial income | 75 | €6 | €11 | - | - | - |
| Financial charges | 65 | €403 | €2k | €2k | €2k | €2k |
| Result before taxes | 9903 | €-454k | €65k | €45k | €-662k | €-40k |
| Income taxes | 67/77 | €242 | €269 | €349 | €305 | €359 |
| Net result for the period | 9904 | €-454k | €65k | €44k | €-663k | €-40k |
| Result to be appropriated | 9905 | €-454k | €65k | €44k | €-663k | €-40k |
Legal Structure
| NACE primary | Public relations and communication consultancy(73300) |
| Legal form | Private limited company(610) |
| Incorporation | 26-04-2013 |
| Status | Active |
| Postal code | 1050 |
Establishment units
BERGFIN
since 20132.230.535.586
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21445E0006/00T033 | Brussels | 551 m² | 1 · 141 m² | 26.2 m · 8 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
22-04
State Gazette act
Director changes
Sophie MAQUET
2024
31-12
Financial
Highest result since 2020net €65k ▲45.8%
Operating result €66k, net result €65k, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
31-12
Financial
Back to profitnet €44k
Net result €44k after 2 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet €-663k
Net result drops to €-663k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Belgisch Staatsblad, acts
All acts · 1
updated 1 year ago
2025
22-04-2025 Change in the board of directors
Notary:
Sophie MAQUET · Bruxelles
Technical details
{
"events": [],
"notary": {
"name": "Sophie MAQUET",
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2025-04-22",
"filing_date": "2025-04-17",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2025-04-15",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0533.705.678",
"name_full": "BERGFIN",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Sophie MAQUET",
"org_rep_person_name": null,
"person_role_at_subject": "Notaire associ\u00E9 \u00E0 Bruxelles"
},
"co_filed_documents": [
"1 exp\u00E9dition",
"statuts coordonn\u00E9s"
],
"corrected_publication_numac": null
}Credit advice
Company registry (CBE)
Activities
Activities of head offices; management consultancy activities70210Public relations and communication consultancy73300Holdings64200Activities of holding companies64210Business and other management consultancy70200Business consulting70220Other business support services82990
Names & trade names
| Legal nameFR | BERGFIN |
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