BERTELS
ActiveSummary
BERTELS has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,891 and a net result of €13,071. Equity is shrinking by about 6.2% per year across the filed financial years. Its solvency ranks better than 78% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €68,891
- Profit
- €13,071
Why 98lowers riskLiquidity: current ratio 1.47, cash €40,773Founded in 1993Equity €68,891 (68.5% of total assets)Size: total assets €100,570Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 77% on solvency, 89% on liquidity, 82% on profitability and 77% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 71 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €13,442
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 3% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: 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).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,368 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €41 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,875 | €14,416 | €14,580 | €15,087 | €15,116 | €15,464 | €3,090 | €3,161 | ▲ 2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,349 | -€982 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,456 | €4,068 | €2,611 | €2,589 | €2,935 | ▲ 13.4% |
| Gross operating margin9900 | €19,354 | €25,338 | €3,621 | €25,184 | €13,401 | -€13,790 | €19,268 | €19,300 | ▲ 0.2% |
| Operating profit (loss)9901 | €5,245 | €7,808 | -€13,399 | €7,641 | -€7,132 | -€30,883 | €13,589 | €13,204 | ▼ 2.8% |
| Financial income75/76B | - | - | - | - | - | €80 | €13 | €30 | ▲ 135% |
| Recurring financial income75 | €19 | €27 | €11 | - | - | €80 | €13 | €30 | ▲ 135% |
| Financial charges65/66B | - | - | - | €0 | - | €73 | - | €0 | - |
| Recurring financial charges65 | €24 | €23 | €5 | €0 | - | €73 | - | €0 | - |
| Profit (loss) for the period before taxes9903 | €5,240 | €7,812 | -€13,392 | €7,640 | -€7,132 | -€30,875 | €13,602 | €13,234 | ▼ 2.7% |
| Income taxes67/77 | €177 | €169 | €73 | €145 | €299 | €160 | €160 | €162 | ▲ 1.5% |
| Profit (loss) for the period9904 | €5,064 | €7,643 | -€13,466 | €7,495 | -€7,431 | -€31,035 | €13,442 | €13,071 | ▼ 2.8% |
| Profit (loss) for the period to be appropriated9905 | €5,064 | €7,643 | -€13,466 | €7,495 | -€7,431 | -€31,035 | €13,442 | €13,071 | ▼ 2.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €121,929 | €128,065 | €113,079 | €119,118 | €110,082 | €77,373 | €88,995 | €100,570 | ▲ 13.0% |
| Fixed assets21/28 | €86,948 | €92,789 | €86,101 | €72,538 | €57,422 | €52,288 | €57,043 | €53,882 | ▼ 5.5% |
| Tangible fixed assets22/27 | €86,948 | €92,789 | €86,101 | €72,538 | €57,422 | €52,288 | €57,043 | €53,882 | ▼ 5.5% |
| Land and buildings22 | - | - | - | €62,002 | €51,751 | €48,832 | €54,294 | €51,841 | ▼ 4.5% |
| Plant, machinery and equipment23 | - | - | - | €4,667 | €2,737 | €3,456 | €2,749 | €2,041 | ▼ 25.7% |
| Furniture and vehicles24 | - | - | - | €5,869 | €2,935 | - | - | - | - |
| Current assets29/58 | €34,981 | €35,276 | €26,978 | €46,580 | €52,659 | €25,085 | €31,952 | €46,688 | ▲ 46.1% |
| Amounts receivable within one year40/41 | €5,360 | €9,554 | €8,586 | €8,651 | €6,688 | €5,441 | €5,521 | €5,342 | ▼ 3.2% |
| Trade receivables40 | - | - | - | €8,301 | €4,682 | €4,403 | €4,453 | €4,403 | ▼ 1.1% |
| Other amounts receivable41 | - | - | - | €350 | €2,006 | €1,038 | €1,068 | €939 | ▼ 12.1% |
| Cash at bank and in hand54/58 | €29,621 | €24,349 | €16,971 | €36,480 | €45,466 | €19,500 | €25,356 | €40,773 | ▲ 60.8% |
| Deferred charges and accrued income490/1 | - | - | - | €1,449 | €505 | €144 | €1,075 | €573 | ▼ 46.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €121,929 | €128,065 | €113,079 | €119,118 | €110,082 | €77,373 | €88,995 | €100,570 | ▲ 13.0% |
| Equity10/15 | €91,559 | €99,202 | €85,736 | €93,231 | €85,800 | €42,378 | €55,820 | €68,891 | ▲ 23.4% |
| Contributions10/11 | €30,987 | €30,987 | - | €30,987 | €30,987 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €60,572 | €68,215 | €54,750 | €62,245 | €54,813 | €23,778 | €37,220 | €50,291 | ▲ 35.1% |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | - | - | - | €59,146 | €51,715 | €20,679 | €34,121 | €47,192 | ▲ 38.3% |
| Amounts payable17/49 | €30,370 | €28,864 | €27,342 | €25,886 | €24,282 | €34,995 | €33,176 | €31,679 | ▼ 4.5% |
| Amounts payable within one year42/48 | €30,370 | €28,864 | €27,342 | €25,886 | €24,282 | €34,995 | €33,176 | €31,679 | ▼ 4.5% |
| Trade debts44 | €70 | €67 | €50 | €138 | €78 | €88 | €13 | €110 | ▲ 761% |
| Suppliers440/4 | - | - | - | €138 | €78 | €88 | €13 | €110 | ▲ 761% |
| Other amounts payable47/48 | - | - | - | €25,748 | €24,204 | €34,907 | €33,163 | €31,569 | ▼ 4.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,064 | €7,643 | -€13,466 | €7,495 | -€7,431 | -€31,035 | €13,442 | €13,071 | ▼ 2.8% |
| + Depreciation and write-downs630 | €11,875 | €14,416 | €14,580 | €15,087 | €15,116 | €15,464 | €3,090 | €3,161 | ▲ 2.3% |
| Operating cash flow (approximation) | €16,939 | €22,059 | €1,114 | €22,583 | €7,684 | -€15,571 | €16,532 | €16,232 | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | -€20,257 | -€7,891 | -€1,525 | €0 | -€10,329 | -€7,845 | €0 | - |
| Change in cash | - | -€5,272 | -€7,378 | €19,509 | €8,986 | -€25,966 | €5,856 | €15,417 | ▲ 163% |
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 33 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-05-2026 | 2026-00119332 |
| 31-12-2024 | micro format | 22-05-2025 | 2025-00103005 |
| 31-12-2023 | micro format | 22-05-2024 | 2024-00094123 |
| 31-12-2022 | micro format | 16-05-2023 | 2023-00089345 |
| 31-12-2021 | micro format | 25-05-2022 | 2022-20034777 |
| 31-12-2020 | micro format | 20-05-2021 | 2021-14600363 |
| 31-12-2019 | micro format | 20-05-2020 | 2020-12700112 |
| 31-12-2018 | micro format | 30-04-2019 | 2019-11700482 |
| 31-12-2017 | abbreviated format | 22-05-2018 | 2018-13400347 |
| 31-12-2016 | abbreviated format | 22-05-2017 | 2017-12900187 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 20-12-2023 Converted to unavailable equity · €20,460
Group and network
Connections & network
No directors read yet: 1 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
20-12
Gazette deed
Legal-form change · Resignations & appointmentsCapital conversion · Reserve release · Amendment of the articles14 facts ▸
- General meeting, 06-12-2023
- Other provision, registered-office move, “Vlaamse Gewest” (deed in Dutch)
- Other provision, “in regel brengen met Wetboek van Vennootschappen en Verenigingen”, 01-01-2020 (deed in Dutch)
- Other provision, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “beschikbaar” (deed in Dutch)
- Amendment of the articles
- Capital
- Power of attorney (2 times)
- Other provision, “wet van 2023-05-04, controleren bestuursverbod bij benoeming en weigeren neerlegging bij verbod” (deed in Dutch)
- Other provision, “strafrechtelijke bestuursverboden sedert 2023-08-01, raadpleging Register Bestuursverboden” (deed in Dutch)
- Other provision, “geen bestuursverbod van toepassing,noch strafrechtelijk,noch civielrechtelijk” (deed in Dutch) (3 times)
- +2 further facts in this act
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12393D0002/00H000 | Flanders | 118 m² | 1 · 82 m² | 11.9 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De groot- en kleinhandel,aankoop en verkoop van alle soorten tweedehands motorvoertuigen en tweedehands wagens; Het…” (deed in Dutch)
7 activities (deed in Dutch)
- De groot- en kleinhandel,aankoop en verkoop van alle soorten tweedehands motorvoertuigen en tweedehands wagens.
- Het verwerven,vervreemden,beheren,uitbaten,valoriseren,verkavelen,ordenen,huren,verhuren,doen bouwen of verbouwen van onroerende goederen,evenals alle welkdanige onroerende transacties en verrichtingen in de breedste zin,alsmede tot alle verrichtingen van onroerende leasing.
- Het slepen van voertuigen en de hulpverlening bij pech onderweg.
- Het vervoeren van goederen,dieren,personen,zaken in de meest ruime zin van het woord,het vervoeren en slepen van containers en chassis van alle aard,opslag stouwen,behandelen,verzenden en bevrachten van goederen,dit alles in binnen- en buitenland en zowel te land,via lucht en waterwegen.
- De handel in brandstoffen,smeermiddelen en onderdelen voor vrachtwagens en personenwagens,van bromfietsen en motorfietsen,groothandel en kleinhandel in bouwmaterialen,groot- en kleinhandel in alle producten voor land- en tuinbouw,de handel in machines,uitrusting- en gereedschappen van alle aard en voor alle doeleinden,verder allerlei tweedehands goederen.
- Het huren en verhuren van transportmateriaal,het huren en verhuren van alle andere uitrustingsstukken,machines en gereedschappen.
- De aan- en verkoop,de transithandel,de import en export,de herstellingen en distributie van autos,bedrijfsvoertuigen,zowel nieuw als tweedehands,evenals de consignatie ervan,leasingoperaties,verhuren,onderhoud,herstellingen,en alle garage- en koetswerkactiviteiten.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BERTELS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, 2500 Lier,Hoogveldweg 14” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Het bestuursorgaan vertegenwoordigt de vennootschap jegens derden, met inbegrip van de vertegenwoordiging in rechte. Indien er één…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1, artikel 2:55 WVV” (deed in Dutch)“Algemene vergadering kan mandaat steeds beëindigen wegens wettige reden,zonder opzeggingstermijn of vertrekvergoeding, artikel 5:73 WVV” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht slechts mits instemming van alle aandeelhouders, 7” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of April at 17:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor