Bertima
ActiveSummary
Bertima has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €437,491. Equity is growing by ~11.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+85
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90,000 at 30 days acceptable
Liquidity ample (current ratio 3.19 against 1.34 in 2024; short-term debt: 17.9% and cash: 2.8% of total assets), and 17.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young 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
82.1%
Return on assets
32.2%
Age of the figures
9 mo
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 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
42 d early
2023
16 d early
2022
25 d early
2021
48 d early
2020
44 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 36 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€1.1m▲ 64.6%
2024 · €677,137
Total assets
€1.4m▲ 72.8%
2024 · €785,842
Net result
€437,491
2024 · -€25,953
Working capital
€532,597▲ 1,327%
2024 · €37,316
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€366,646▲ 1,308%€29,445▼ 92.0%€35,677▲ 21.2%-€22,978€625,631
Net result€276,655€18,064▼ 93.5%€22,044▲ 22.0%-€25,953€437,491
Equity€662,982▲ 71.6%€681,045▲ 2.7%€703,090▲ 3.2%€677,137▼ 3.7%€1.1m▲ 64.6%
Total assets€843,258▼ 3.8%€853,673▲ 1.2%€802,732▼ 6.0%€785,842▼ 2.1%€1.4m▲ 72.8%
Debt€180,276▼ 63.3%€172,627▼ 4.2%€99,642▼ 42.3%€108,706▲ 9.1%€243,293▲ 124%
Working capital-€26,758€12,394€55,526▲ 348%€37,316▼ 32.8%€532,597▲ 1,327%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €625,631 after a loss of €22,978 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€582,031 ▼ 9.0%
Current assets
€775,890 ▲ 431%
Equity and liabilities €1.4m
Equity
€1.1m ▲ 64.6%
Debt
€243,293 ▲ 124%
Debt's share of the balance-sheet total rises from 13.8% to 17.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€647,775▲
2024 · -€1,525
Cash flow
€459,635▲
2024 · -€4,501
Current ratio
3.19▲
2024 · 1.34
Debt to equity
0.22▲
2024 · 0.16
ROE
39.2%▲
2024 · -3.8%
ROA
32.2%▲
2024 · -3.3%
Interest coverage
1850.79▲
2024 · -0.21
Debt ≤ 1 year
€243,293▲
2024 · €108,706
Income taxes
€196,291▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €344,097 | €0 | - | - | €729,354 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,380 | €21,088 | €21,088 | €21,452 | €22,144 | ▲ 3.2% |
| Other operating charges640/8 | €17,259 | €16,280 | €18,046 | €18,636 | €10,097 | ▼ 45.8% |
| Gross operating margin9900 | €403,285 | €66,813 | €74,811 | €17,110 | €657,873 | ▲ 3,745% |
| Operating profit (loss)9901 | €366,646 | €29,445 | €35,677 | -€22,978 | €625,631 | ▲ 2,823% |
| Financial income75/76B | €0 | €0 | €708 | €4,224 | €8,500 | ▲ 101% |
| Recurring financial income75 | €0 | €0 | €708 | €4,224 | €8,500 | ▲ 101% |
| Financial charges65/66B | €19,519 | €4,144 | €5,600 | €7,200 | €350 | ▼ 95.1% |
| Recurring financial charges65 | €19,519 | €4,144 | €5,600 | €7,200 | €350 | ▼ 95.1% |
| Profit (loss) for the period before taxes9903 | €347,127 | €25,300 | €30,784 | -€25,953 | €633,782 | ▲ 2,542% |
| Income taxes67/77 | €70,472 | €7,236 | €8,740 | €0 | €196,291 | - |
| Profit (loss) for the period9904 | €276,655 | €18,064 | €22,044 | -€25,953 | €437,491 | ▲ 1,786% |
| Transfer from tax-exempt reserves789 | €389 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €277,044 | €18,064 | €22,044 | -€25,953 | €437,491 | ▲ 1,786% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €843,258 | €853,673 | €802,732 | €785,842 | €1.4m | ▲ 72.8% |
| Fixed assets21/28 | €689,740 | €668,652 | €647,564 | €639,821 | €582,031 | ▼ 9.0% |
| Tangible fixed assets22/27 | €689,740 | €668,652 | €647,564 | €639,821 | €582,031 | ▼ 9.0% |
| Land and buildings22 | €689,740 | €668,652 | €647,564 | €639,821 | €582,031 | ▼ 9.0% |
| Current assets29/58 | €153,518 | €185,021 | €155,168 | €146,022 | €775,890 | ▲ 431% |
| Amounts receivable within one year40/41 | - | €3,920 | €6,177 | €6,267 | €10,007 | ▲ 59.7% |
| Trade receivables40 | - | €1,850 | €5,000 | €0 | - | - |
| Other amounts receivable41 | - | €2,070 | €1,177 | €6,267 | €10,007 | ▲ 59.7% |
| Current investments50/53 | - | - | €120,000 | €120,000 | €725,000 | ▲ 504% |
| Cash at bank and in hand54/58 | €152,829 | €180,374 | €25,126 | €15,787 | €37,550 | ▲ 138% |
| Deferred charges and accrued income490/1 | €689 | €727 | €3,866 | €3,968 | €3,333 | ▼ 16.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €843,258 | €853,673 | €802,732 | €785,842 | €1.4m | ▲ 72.8% |
| Equity10/15 | €662,982 | €681,045 | €703,090 | €677,137 | €1.1m | ▲ 64.6% |
| Contributions10/11 | €248,000 | €248,000 | €248,000 | €248,000 | €248,000 | = |
| Reserves13 | €414,982 | €433,045 | €455,090 | €429,137 | €866,628 | ▲ 102% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €414,982 | €433,045 | €455,090 | €429,137 | €866,628 | ▲ 102% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - |
| Amounts payable17/49 | €180,276 | €172,627 | €99,642 | €108,706 | €243,293 | ▲ 124% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - |
| Financial debts170/4 | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €180,276 | €172,627 | €99,642 | €108,706 | €243,293 | ▲ 124% |
| Trade debts44 | €2,031 | €3,201 | €4,207 | €3,656 | €4,022 | ▲ 10.0% |
| Suppliers440/4 | €2,031 | €3,201 | €4,207 | €3,656 | €4,022 | ▲ 10.0% |
| Advances received on contracts in progress46 | - | - | - | €24,300 | €104,300 | ▲ 329% |
| Taxes, remuneration and social security45 | €75,061 | €73,448 | €3,819 | €3,058 | €43,749 | ▲ 1,331% |
| Taxes450/3 | €75,061 | €73,448 | €3,819 | €3,058 | €43,749 | ▲ 1,331% |
| Other amounts payable47/48 | €103,183 | €95,979 | €91,617 | €77,692 | €91,222 | ▲ 17.4% |
| Accrued charges and deferred income492/3 | €0 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €276,655 | €18,064 | €22,044 | -€25,953 | €437,491 | ▲ 1,786% |
| + Depreciation and write-downs630 | €19,380 | €21,088 | €21,088 | €21,452 | €22,144 | ▲ 3.2% |
| Operating cash flow (approximation) | €296,035 | €39,152 | €43,132 | -€4,501 | €459,635 | ▲ 10,313% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€13,709 | €35,646 | ▲ 360% |
| Change in cash | - | €27,545 | -€155,248 | -€9,339 | €21,763 | ▲ 333% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €437,491
Net result €437,491 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 3.19
Current ratio from 1.34 to 3.19.
31-12
Financial
Equity above €1mEq €1.1m ▲64.6%
Equity rises from €677,137 to €1.1m.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€25,953
Net result drops to -€25,953, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €276,655
Net result €276,655 after one loss-making year.
31-12
Financial
Equity above €500,000Eq €662,982 ▲71.6%
Equity rises from €386,327 to €662,982.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €335
Net result €335 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Keerbergen · 1 establishment unit since 1983
Ground area
3,630 m²
Building footprint
326 m²
Volume, LiDAR
1,700 m³
2 parcels, Brussels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ninoofse Steenweg 570, 1070 Anderlecht
since 19832.025.706.527
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24472F0504/00F000 | Flanders | 3,117 m² | 1 · 326 m² | 8.8 m · 2 fl. |
| 21302A0023/00M008 | Brussels | 512 m² | - | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-1983
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.