Checked.be
Active
BE 0820.820.532Private limited company
Bermaco Projects
Antwerpsestraat 117 ·2845 Niel, Belgium· 16 yrs active
Sector: Landscape service activities
(81300)
Conclusion
Bermaco Projects has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €161k and a net result of €347. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 140 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €161k |
| Net result | €347 |
| Staff (FTE) | 4 |
| Better than sector | 39% |
Financial profile
51
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
66
Profitability
1
Solvency
47
Growth
41
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2009, 16 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
66
/ 100
Healthy
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
€11k
estimate, not credit advice
Score history
89
2022
81
2023
66
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.21 (≥ 1.0)
+5
Profitability
ROE 0%
+3
Interest coverage
Interest coverage 13.6× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 03-06-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~5.1%/year over 3 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 2024 · NACE 81, Services to buildings and landscape activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 27.5% | 34.4% | |
| Net result | €347 | €26k | |
| Equity | €161k | €116k | |
| Gross operating margin | €448k | €208k | |
| Staff costs | €319k | €187k |
€885k
-4.5%
22-24
€126k
+63.9%
22-24
€347
-97.8%
22-24
€114k
+60.2%
22-24
€586k
+59.6%
22-24
€161k
+0.2%
22-24
€39k
-66.8%
22-24
4
+11.1%
22-24
€319k
+71.1%
22-24
€2k
-38.2%
22-24
€425k
+106.0%
22-24
€188k
+48.8%
22-24
€237k
+196.7%
22-24
1.21
-37.5%
22-24
0.96
-41.3%
22-24
27.5%
-37.2%
22-24
2.63
+105.6%
22-24
0.2%
-97.8%
22-24
0.1%
-98.6%
22-24
1.8%
-71.1%
22-24
8.7%
-31.8%
22-24
13.62
-55.9%
22-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | €885k | €927k |
| EBITDA | €126k | €77k | €118k |
| Net profit | €347 | €16k | €58k |
| Cash flow | €114k | €71k | €107k |
| Staff costs | €319k | €187k | €149k |
| Income taxes | €2k | €4k | €9k |
| Dividends | - | - | - |
| Total assets | €586k | €367k | €318k |
| Equity | €161k | €161k | €145k |
| Debt | €425k | €206k | €173k |
| of which ≤ 1y | €188k | €126k | €116k |
| of which > 1y | €237k | €80k | €58k |
| Working capital | €39k | €118k | €53k |
| Employees (FTE) | 4.0 | 3.6 | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 1.21 | 1.93 | 1.46 |
| Quick ratio | 0.96 | 1.63 | 1.30 |
| Working capital ratio | 6.7% | 32.1% | 16.8% |
| Solvency | 27.5% | 43.9% | 45.6% |
| Debt / equity | 2.63 | 1.28 | 1.19 |
| Long-term debt ratio | 1.47 | 0.50 | 0.40 |
| Interest coverage | 13.62 | 30.92 | 55.26 |
| Gross margin | - | 29.7% | 28.9% |
| Net margin | - | 1.8% | 6.3% |
| ROA | 0.1% | 4.4% | 18.3% |
| ROE | 0.2% | 10.0% | 40.1% |
| EBITDA margin | - | 8.7% | 12.8% |
| Days sales outstanding | - | 24d | 15d |
| Days payable outstanding | - | 21d | 3d |
| Inventory turnover | - | 16.50 | 36.39 |
| Days inventory (DSI) | - | 22d | 10d |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €586k | €367k | €318k |
| Fixed assets | 21/28 | €359k | €123k | €149k |
| Tangible fixed assets | 22/27 | €359k | €123k | €149k |
| Financial fixed assets | 28 | €135 | €135 | €135 |
| Current assets | 29/58 | €227k | €244k | €169k |
| Stocks & contracts in progress | 3 | €47k | €38k | €18k |
| Amounts receivable within one year | 40/41 | €149k | €120k | €46k |
| Cash & bank | 54/58 | €31k | €87k | €105k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €586k | €367k | €318k |
| Equity | 10/15 | €161k | €161k | €145k |
| Reserves | 13 | €20k | €20k | €20k |
| Accumulated profits (losses) | 14 | €141k | €141k | €125k |
| Amounts payable | 17/49 | €425k | €206k | €173k |
| Amounts payable after one year | 17 | €237k | €80k | €58k |
| Amounts payable within one year | 42/48 | €188k | €126k | €116k |
| Trade debts payable within one year | 44 | €61k | €36k | €5k |
| Income statement | ||||
| Turnover | 70 | - | €885k | €927k |
| Gross operating margin | 9900 | €448k | €265k | €268k |
| Operating result | 9901 | €13k | €22k | €69k |
| Financial income | 75 | €178 | €408 | €295 |
| Financial charges | 65 | €9k | €2k | €2k |
| Result before taxes | 9903 | €3k | €20k | €67k |
| Income taxes | 67/77 | €2k | €4k | €9k |
| Net result for the period | 9904 | €347 | €16k | €58k |
| Result to be appropriated | 9905 | €347 | €16k | €58k |
Legal Structure
| NACE primary | Landscape service activities(81300) |
| Legal form | Private limited company(610) |
| Incorporation | 24-11-2009 |
| Status | Active |
| Postal code | 2845 |
Establishment units
BERMACO T&O
since 20092.183.657.862
Sint Jozefstraat 10, 2840 Rumst
since 20252.386.109.928
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11036A0194/00C003 | Flanders | 570 m² | 1 · 424 m² | 6.0 m · 1 fl. |
| 11030A0432/00P000 | Flanders | 308 m² | 1 · 139 m² | 12.3 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €347 ▼97.8%
Net result drops to €347, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €161k ▲11.1%
2 profitable years in a row build equity to €161k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Landscape service activities81300
Names & trade names
| Legal nameNL | Bermaco Projects |
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