Berthels Management
ActiveSummary
Berthels Management has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €10k. Its solvency ranks better than 10% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▼-61
Solvency27▼-73
Growth52
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.05 against 4.0 in 2024; short-term debt: 22.5% and cash: 0.2% of total assets), and 97.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.2%
Return on assets
0.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
17 d early
2024
13 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▲ 22.2%
2024 · €43k
2024: €43k
2025: €53k▲ +22.2% vs 2024
2024 → 2025
Total assets
€2.41M▲ 4,069%
2024 · €58k
2024: €58k
2025: €2.41M▲ +4069% vs 2024
2024 → 2025
Net result
€10k▼ 77.8%
2024 · €43k
2024: €43k
2025: €10k▼ -77.8% vs 2024
2024 → 2025
Working capital
€-515k
2024 · €43k
2024: €43k
2025: €-515k▼ -1288% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€43k-€53k▲ 22.2%
2024: €43k
2025: €53k▲ +22.2% vs 2024
Operating result€54k-€84k▲ 55.8%
2024: €54k
2025: €84k▲ +55.8% vs 2024
Net result€43k-€10k▼ 77.8%
2024: €43k
2025: €10k▼ -77.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.41M
Fixed assets
€2.38M
Current assets
€26k
Equity and liabilities €2.41M
Equity
€53k ▲ 22.2%
Debt
€2.36M ▲ 16,226%
Debt's share of the balance-sheet total rises from 25.0% to 97.8%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.05▼
2024 · 4.00
Debt to equity
44.46▲
2024 · 0.33
ROE
18.2%▼
2024 · 100.0%
ROA
0.4%▼
2024 · 75.0%
Debt ≤ 1 year
€541k▲
2024 · €14k
Debt > 1 year
€1.82M
Income taxes
€3k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€58k€2.41M▲
Fixed assets21/28-€2.38M
Financial fixed assets28-€2.38M
Current assets29/58€58k€26k▼
Amounts receivable within one year40/41€12k€22k▲
Trade receivables40€12k€18k▲
Other amounts receivable41€249€3k▲
Cash at bank and in hand54/58€45k€4k▼
Equity and liabilities
Total equity and liabilities10/49€58k€2.41M▲
Equity10/15€43k€53k▲
Reserves13€43k€53k▲
Distributable reserves133€43k€53k▲
Amounts payable17/49€14k€2.36M▲
Amounts payable after more than one year17-€1.82M
Financial debts170/4-€1.82M
Amounts payable within one year42/48€14k€541k▲
Current portion of amounts payable after more than one year42-€313k
Trade debts44€2k€278▼
Suppliers440/4€2k€278▼
Taxes, remuneration and social security45€13k€15k▲
Taxes450/3€13k€15k▲
Other amounts payable47/48-€213k
Income statement
Code20242025
Other operating charges640/8€379€128▼
Gross operating margin9900€55k€85k▲
Operating profit (loss)9901€54k€84k▲
Financial income75/76B-€49
Recurring financial income75-€49
Financial charges65/66B-€72k
Recurring financial charges65-€72k
Profit (loss) for the period before taxes9903€54k€12k▼
Income taxes67/77€11k€3k▼
Profit (loss) for the period9904€43k€10k▼
Profit (loss) for the period to be appropriated9905€43k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€10k▼
Transfer to equity691/2€43k€10k▼
To other reserves6921€43k€10k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €379 | €128 | ▼ 66.3% |
| Gross operating margin9900 | €55k | €85k | ▲ 54.9% |
| Operating profit (loss)9901 | €54k | €84k | ▲ 55.8% |
| Financial income75/76B | - | €49 | - |
| Recurring financial income75 | - | €49 | - |
| Financial charges65/66B | - | €72k | - |
| Recurring financial charges65 | - | €72k | - |
| Profit (loss) for the period before taxes9903 | €54k | €12k | ▼ 77.5% |
| Income taxes67/77 | €11k | €3k | ▼ 76.2% |
| Profit (loss) for the period9904 | €43k | €10k | ▼ 77.8% |
| Profit (loss) for the period to be appropriated9905 | €43k | €10k | ▼ 77.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €58k | €2.41M | ▲ 4,069% |
| Fixed assets21/28 | - | €2.38M | - |
| Financial fixed assets28 | - | €2.38M | - |
| Current assets29/58 | €58k | €26k | ▼ 55.0% |
| Amounts receivable within one year40/41 | €12k | €22k | ▲ 74.4% |
| Trade receivables40 | €12k | €18k | ▲ 50.0% |
| Other amounts receivable41 | €249 | €3k | ▲ 1,261% |
| Cash at bank and in hand54/58 | €45k | €4k | ▼ 90.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €58k | €2.41M | ▲ 4,069% |
| Equity10/15 | €43k | €53k | ▲ 22.2% |
| Reserves13 | €43k | €53k | ▲ 22.2% |
| Distributable reserves133 | €43k | €53k | ▲ 22.2% |
| Amounts payable17/49 | €14k | €2.36M | ▲ 16,226% |
| Amounts payable after more than one year17 | - | €1.82M | - |
| Financial debts170/4 | - | €1.82M | - |
| Amounts payable within one year42/48 | €14k | €541k | ▲ 3,648% |
| Current portion of amounts payable after more than one year42 | - | €313k | - |
| Trade debts44 | €2k | €278 | ▼ 81.7% |
| Suppliers440/4 | €2k | €278 | ▼ 81.7% |
| Taxes, remuneration and social security45 | €13k | €15k | ▲ 16.7% |
| Taxes450/3 | €13k | €15k | ▲ 16.7% |
| Other amounts payable47/48 | - | €213k | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €43k | €10k | ▼ 77.8% |
| Operating cash flow (approximation) | €43k | €10k | ▼ 77.8% |
| Change in cash | - | €-41k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lommel · 1 establishment unit since 2024
Ground area
5,118 m²
Building footprint
1,328 m²
Volume, LiDAR
12,007 m³
Parcel 72020C1408/00A016, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Berthels Management
since 20242.354.272.053
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1408/00A016 | Flanders | 5,118 m² | 1 · 1,328 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 38,389 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.