Summary
BERT BERTELS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2026 annual accounts show equity of €1.7m and a net result of €5,926. Equity remains stable across the filed financial years (±0.7% per year). Its solvency ranks better than 95% of 276 sector peers (NACE 64, financial year 2026). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2026, micro format
Equity
€1.7m▲ 0.3%
2025 · €1.7m
Net result
€5,926▼ 10.2%
2025 · €6,601
Total assets
€1.7m▲ 0.4%
2025 · €1.7m
Solvency
99.1%▼ 0.1pp
2025 · 99.1%
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result recovers in 2026; 2026 is 31% above 2025.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.01m
2026
Net result€0.006m
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.7m
2026
Equity€1.7m
2026
Debt€0.02m
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
2026
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.3%
2026
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency99.1%
2026
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio26.22
2026
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Operating result€0.02m-€0.04m▲ 54.0%€0.04m▲ 15.0%€0.03m▼ 24.6%€0.005m▼ 85.0%€0.01m▲ 141%€0.01m▼ 8.2%€0.01m▲ 31.2%
Net result€0.02m-€0.02m▲ 41.8%€0.03mwithin the sector's middle half▲ 23.8%€0.02mwithin the sector's middle half▼ 25.0%€0.003mbelow the sector's middle half▼ 87.4%€0.008mwithin the sector's middle half▲ 189%€0.007mwithin the sector's middle half▼ 15.8%€0.006m▼ 10.2%
Equity€1.6m-€1.6m▲ 1.4%€1.7mwithin the sector's middle half▲ 1.7%€1.7mwithin the sector's middle half▲ 1.3%€1.7mwithin the sector's middle half▲ 0.2%€1.7mwithin the sector's middle half▲ 0.5%€1.7mwithin the sector's middle half▲ 0.4%€1.7m▲ 0.3%
Total assets€1.6m-€1.7m▲ 1.4%€1.7mwithin the sector's middle half▲ 1.8%€1.7mwithin the sector's middle half▲ 1.3%€1.7mwithin the sector's middle half▲ 0.1%€1.7mwithin the sector's middle half▲ 0.5%€1.7mwithin the sector's middle half▲ 0.5%€1.7m▲ 0.4%
Debt€0.01m-€0.01m▼ 4.5%€0.01m▲ 5.1%€0.01m▼ 1.1%€0.01m▼ 4.6%€0.01m▼ 0.1%€0.02m▲ 23.2%€0.02m▲ 8.4%
Working capital€0.3m-€0.3m▲ 12.6%€0.3mabove the sector's middle half▼ 12.3%€0.3mabove the sector's middle half▲ 12.6%€0.4mabove the sector's middle half▲ 6.1%€0.4mabove the sector's middle half▲ 7.1%€0.4mabove the sector's middle half▲ 6.0%€0.4m▲ 3.5%
Solvency99.2%-99.3%=99.2%above the sector's middle half=99.2%above the sector's middle half=99.3%above the sector's middle half=99.3%above the sector's middle half=99.1%above the sector's middle half▼ 0.2pp99.1%▼ 0.1pp
Current ratio23.98-28.11▲ 4.1323.61above the sector's middle half▼ 4.5026.75above the sector's middle half▲ 3.1329.64above the sector's middle half▲ 2.8931.70above the sector's middle half▲ 2.0627.42above the sector's middle half▼ 4.2826.22▼ 1.20
Return on assets (ROA)1.0%-1.4%▲ 0.4pp1.7%within the sector's middle half▲ 0.3pp1.3%within the sector's middle half▼ 0.4pp0.2%below the sector's middle half▼ 1.1pp0.5%within the sector's middle half▲ 0.3pp0.4%below the sector's middle half▼ 0.1pp0.3%=
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.3m ▼ 0.6%
Current assets
€430,549 ▲ 3.7%
Equity and liabilities €1.7m
Equity
€1.7m ▲ 0.3%
Debt
€16,421 ▲ 8.4%
Debt's share of the balance-sheet total rises from 0.9% to 0.9%. Equity and debt are higher.
Key figures and ratios
ROE
0.3%▼
2025 · 0.4%
Debt ≤ 1 year
€16,421▲
2025 · €15,149
Income taxes
€5,352▲
2025 · €4,353
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,865 | €15,663 | €9,324 | €17,828 | €17,628 | €17,162 | €16,043 | €0 | ▼ 100% |
| Other operating charges640/8 | - | - | - | €1,371 | €1,727 | €2,033 | €1,884 | €3,102 | ▲ 64.6% |
| Gross operating margin9900 | €40,582 | €53,114 | €52,228 | €50,585 | €24,060 | €30,514 | €28,321 | €16,741 | ▼ 40.9% |
| Operating profit (loss)9901 | €23,512 | €36,203 | €41,634 | €31,386 | €4,705 | €11,319 | €10,394 | €13,639 | ▲ 31.2% |
| Financial income75/76B | - | - | - | €588 | €525 | €494 | €666 | €519 | ▼ 22.0% |
| Recurring financial income75 | €1,927 | €668 | €554 | €588 | €525 | €494 | €666 | €519 | ▼ 22.0% |
| Financial charges65/66B | - | - | - | €20 | €164 | €40 | €106 | €2,881 | ▲ 27× |
| Recurring financial charges65 | €236 | €99 | €65 | €20 | €164 | €40 | €106 | €2,881 | ▲ 27× |
| Profit (loss) for the period before taxes9903 | €25,203 | €36,772 | €42,124 | €31,954 | €5,066 | €11,774 | €10,954 | €11,278 | ▲ 3.0% |
| Income taxes67/77 | €8,917 | €13,676 | €13,536 | €10,510 | €2,354 | €3,936 | €4,353 | €5,352 | ▲ 23.0% |
| Profit (loss) for the period9904 | €16,285 | €23,097 | €28,588 | €21,444 | €2,712 | €7,838 | €6,601 | €5,926 | ▼ 10.2% |
| Profit (loss) for the period to be appropriated9905 | €16,285 | €23,097 | €28,588 | €21,444 | €2,712 | €7,838 | €6,601 | €5,926 | ▼ 10.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | ▲ 0.4% |
| Fixed assets21/28 | €1.3m | €1.3m | €1.4m | €1.4m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 0.6% |
| Tangible fixed assets22/27 | €0.02m | €0.005m | €0.07m | €0.06m | €0.04m | €0.02m | €0.008m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €466 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.06m | €0.04m | €0.02m | €0.008m | €0 | ▼ 100% |
| Financial fixed assets28 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Current assets29/58 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | ▲ 3.7% |
| Amounts receivable after more than one year29 | - | - | - | €0.02m | €0.008m | €0.02m | €0.01m | €0.009m | ▼ 35.7% |
| Other amounts receivable291 | - | - | - | €0.02m | €0.008m | €0.02m | €0.01m | €0.009m | ▼ 35.7% |
| Amounts receivable within one year40/41 | €0.03m | €0.02m | €0.04m | €0.1m | €0.2m | €0.1m | €0.3m | €0.3m | ▲ 7.3% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 17.2% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.1m | €0.02m | €0.2m | €0.2m | ▲ 1.2% |
| Cash at bank and in hand54/58 | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | €0.2m | €0.1m | €0.1m | ▼ 2.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.002m | - | €0.005m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | ▲ 0.4% |
| Equity10/15 | €1.6m | €1.6m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | €1.7m | ▲ 0.3% |
| Contributions10/11 | €1.3m | €1.3m | - | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Reserves13 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.7% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | - | - | €0.008m | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | - | - | €0.008m | - |
| Distributable reserves133 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 1.0% |
| Profit (loss) carried forward14 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Amounts payable17/49 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 8.4% |
| Amounts payable within one year42/48 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.02m | €0.02m | ▲ 8.4% |
| Trade debts44 | €0.008m | €0.001m | €0.003m | €0.002m | €0.005m | €0.005m | €0.002m | €0.006m | ▲ 274% |
| Suppliers440/4 | - | - | - | €0.002m | €0.005m | €0.005m | €0.002m | €0.006m | ▲ 274% |
| Taxes, remuneration and social security45 | - | - | - | €0.01m | €0.007m | €0.007m | €0.01m | €0.01m | ▼ 23.9% |
| Taxes450/3 | - | - | - | €0.006m | €0.003m | €0.002m | €0.009m | €0.006m | ▼ 35.3% |
| Remuneration and social security454/9 | - | - | - | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | ▼ 4.1% |
| Other amounts payable47/48 | - | - | - | €272 | - | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,285 | €23,097 | €28,588 | €21,444 | €2,712 | €7,838 | €6,601 | €5,926 | ▼ 10.2% |
| + Depreciation and write-downs630 | €15,865 | €15,663 | €9,324 | €17,828 | €17,628 | €17,162 | €16,043 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €32,151 | €38,760 | €37,913 | €39,272 | €20,340 | €25,000 | €22,644 | €5,926 | ▼ 73.8% |
| Investment in fixed assets (approximation) | - | -€1,075 | -€79,421 | -€1,967 | €0 | €0 | €0 | €8,006 | - |
| Change in cash | - | €8,906 | -€46,874 | -€34,030 | -€67,922 | €101,776 | -€95,805 | -€2,985 | ▲ 96.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2026 | micro format | 28-09-2026 | 2026-00547575 |
| 31-03-2025 | abbreviated format | 30-09-2025 | 2025-00522120 |
| 31-03-2024 | abbreviated format | 07-10-2024 | 2024-00501568 |
| 31-03-2023 | abbreviated format | 28-09-2023 | 2023-00462449 |
| 31-03-2022 | abbreviated format | 08-09-2022 | 2022-20425926 |
| 31-03-2021 | abbreviated format | 10-09-2021 | 2021-66900007 |
| 31-03-2020 | abbreviated format | 10-09-2020 | 2020-52200330 |
| 31-03-2019 | abbreviated format | 13-09-2019 | 2019-64200568 |
| 31-03-2018 | abbreviated format | 18-09-2018 | 2018-63300164 |
| 31-03-2017 | abbreviated format | 29-09-2017 | 2017-64400416 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 11,362 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2025 · 1 entry · €3,094 awarded · €3,094 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.