BERTA IMMO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a profit of €16,360, after a loss of €51,740 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €210,968 | €212,820 |
| Depreciation and write-downs of the year | €2,480 | €11,254 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,480 | €11,254 | ▲ 354% |
| Other operating charges640/8 | €27,359 | €2,676 | ▼ 90.2% |
| Gross operating margin9900 | -€21,901 | €30,290 | - |
| Operating profit (loss)9901 | -€51,740 | €16,360 | - |
| Financial charges65/66B | €8,534 | €22,012 | ▲ 158% |
| Recurring financial charges65 | €8,534 | €22,012 | ▲ 158% |
| Profit (loss) for the period before taxes9903 | -€60,274 | -€5,652 | ▲ 90.6% |
| Profit (loss) for the period9904 | -€60,274 | -€5,652 | ▲ 90.6% |
| Profit (loss) for the period to be appropriated9905 | -€60,274 | -€5,652 | ▲ 90.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €499,965 | €795,844 | ▲ 59.2% |
| Fixed assets21/28 | €208,488 | €410,053 | ▲ 96.7% |
| Tangible fixed assets22/27 | €208,488 | €410,053 | ▲ 96.7% |
| Land and buildings22 | €208,488 | €410,053 | ▲ 96.7% |
| Current assets29/58 | €291,477 | €385,791 | ▲ 32.4% |
| Stocks and contracts in progress3 | €258,400 | €375,000 | ▲ 45.1% |
| Stocks30/36 | €258,400 | €375,000 | ▲ 45.1% |
| Amounts receivable within one year40/41 | €24,760 | - | - |
| Trade receivables40 | €24,760 | - | - |
| Cash at bank and in hand54/58 | €7,819 | €9,748 | ▲ 24.7% |
| Deferred charges and accrued income490/1 | €498 | €1,043 | ▲ 110% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €499,965 | €795,844 | ▲ 59.2% |
| Equity10/15 | -€10,274 | -€15,926 | ▼ 55.0% |
| Contributions10/11 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€60,274 | -€65,926 | ▼ 9.4% |
| Amounts payable17/49 | €510,239 | €811,771 | ▲ 59.1% |
| Amounts payable after more than one year17 | €456,283 | €617,996 | ▲ 35.4% |
| Financial debts170/4 | €456,283 | €617,996 | ▲ 35.4% |
| Amounts payable within one year42/48 | €53,957 | €193,775 | ▲ 259% |
| Current portion of amounts payable after more than one year42 | €46,998 | €165,867 | ▲ 253% |
| Financial debts43 | €5,870 | - | - |
| Credit institutions430/8 | €5,870 | - | - |
| Trade debts44 | €1,089 | €27,907 | ▲ 26× |
| Suppliers440/4 | €1,089 | €27,907 | ▲ 26× |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€60,274 | -€5,652 | ▲ 90.6% |
| + Depreciation and write-downs630 | €2,480 | €11,254 | ▲ 354% |
| Operating cash flow (approximation) | -€57,794 | €5,602 | - |
| Investment in fixed assets (approximation) | - | -€212,820 | - |
| Change in cash | - | €1,928 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,251 companies had the same profile as BERTA IMMO has now. Two years later, 96.6% were still going and 1.0% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BERTA IMMO itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,251 companies, not a prediction for BERTA IMMO. 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.