Bertima
ActiveSummary
Bertima has been active since 1983 and the Belgian Official 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 about 11% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Financials · financial year 2025, micro format
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
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
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.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.6m
2025
Net result€0.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€1.4m
2025
Equity€1.1m
2025
Debt€0.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.5m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.01m-€0.03m▲ 138%€0.03m▼ 1.7%€0.4m▲ 1,308%€0.03m▼ 92.0%€0.04m▲ 21.2%-€0.02m€0.6m
Net result-€0.01m-€335-€271€0.3m€0.02m▼ 93.5%€0.02m▲ 22.0%-€0.03m€0.4m
Equity€0.4m-€0.4m▲ 0.1%€0.4m▼ 0.1%€0.7m▲ 71.6%€0.7m▲ 2.7%€0.7m▲ 3.2%€0.7m▼ 3.7%€1.1m▲ 64.6%
Total assets€0.9m-€0.9m▲ 1.3%€0.9m▲ 1.0%€0.8m▼ 3.8%€0.9m▲ 1.2%€0.8m▼ 6.0%€0.8m▼ 2.1%€1.4m▲ 72.8%
Debt€0.5m-€0.5m▲ 2.3%€0.5m▲ 1.9%€0.2m▼ 63.3%€0.2m▼ 4.2%€0.1m▼ 42.3%€0.1m▲ 9.1%€0.2m▲ 124%
Working capital€0.07m-€0.09m▲ 26.6%€0.1m▲ 26.6%-€0.03m€0.01m€0.06m▲ 348%€0.04m▼ 32.8%€0.5m▲ 1,327%
Turnover and EBIT margin not published: the micro format does not require them.
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
over 100▲
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 | 2018 | 2019 | 2020 | 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 | €27,217 | €25,080 | €24,306 | €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 | €53,878 | €67,397 | €66,946 | €403,285 | €66,813 | €74,811 | €17,110 | €657,873 | ▲ 3,745% |
| Operating profit (loss)9901 | €11,133 | €26,500 | €26,038 | €366,646 | €29,445 | €35,677 | -€22,978 | €625,631 | - |
| Financial income75/76B | - | - | - | €0 | €0 | €708 | €4,224 | €8,500 | ▲ 101% |
| Recurring financial income75 | - | €11 | €0 | €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 | €25,893 | €26,176 | €26,309 | €19,519 | €4,144 | €5,600 | €7,200 | €350 | ▼ 95.1% |
| Profit (loss) for the period before taxes9903 | -€14,760 | €335 | -€271 | €347,127 | €25,300 | €30,784 | -€25,953 | €633,782 | - |
| Income taxes67/77 | - | - | - | €70,472 | €7,236 | €8,740 | €0 | €196,291 | - |
| Profit (loss) for the period9904 | -€14,760 | €335 | -€271 | €276,655 | €18,064 | €22,044 | -€25,953 | €437,491 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €389 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€14,760 | €335 | -€271 | €277,044 | €18,064 | €22,044 | -€25,953 | €437,491 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €0.9m | €0.9m | €0.8m | €0.9m | €0.8m | €0.8m | €1.4m | ▲ 72.8% |
| Fixed assets21/28 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 9.0% |
| Tangible fixed assets22/27 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 9.0% |
| Land and buildings22 | - | - | - | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 9.0% |
| Current assets29/58 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.8m | ▲ 431% |
| Amounts receivable within one year40/41 | - | - | - | - | €0.004m | €0.006m | €0.006m | €0.01m | ▲ 59.7% |
| Trade receivables40 | - | - | - | - | €0.002m | €0.005m | €0 | - | - |
| Other amounts receivable41 | - | - | - | - | €0.002m | €0.001m | €0.006m | €0.01m | ▲ 59.7% |
| Current investments50/53 | - | - | - | - | - | €0.1m | €0.1m | €0.7m | ▲ 504% |
| Cash at bank and in hand54/58 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.03m | €0.02m | €0.04m | ▲ 138% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.004m | €0.004m | €0.003m | ▼ 16.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €0.9m | €0.9m | €0.8m | €0.9m | €0.8m | €0.8m | €1.4m | ▲ 72.8% |
| Equity10/15 | €0.4m | €0.4m | €0.4m | €0.7m | €0.7m | €0.7m | €0.7m | €1.1m | ▲ 64.6% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.5m | €0.4m | €0.9m | ▲ 102% |
| Non-distributable reserves130/1 | - | - | - | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.4m | €0.5m | €0.4m | €0.9m | ▲ 102% |
| Profit (loss) carried forward14 | -€0.1m | -€0.1m | -€0.1m | €0 | - | - | - | - | - |
| Amounts payable17/49 | €0.5m | €0.5m | €0.5m | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 124% |
| Amounts payable after more than one year17 | €0.4m | €0.4m | €0.4m | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.04m | €0.06m | €0.07m | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 124% |
| Trade debts44 | €282 | €0.002m | €0.003m | €0.002m | €0.003m | €0.004m | €0.004m | €0.004m | ▲ 10.0% |
| Suppliers440/4 | - | - | - | €0.002m | €0.003m | €0.004m | €0.004m | €0.004m | ▲ 10.0% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €0.02m | €0.1m | ▲ 329% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.07m | €0.004m | €0.003m | €0.04m | ▲ 1,331% |
| Taxes450/3 | - | - | - | €0.08m | €0.07m | €0.004m | €0.003m | €0.04m | ▲ 1,331% |
| Other amounts payable47/48 | - | - | - | €0.1m | €0.1m | €0.09m | €0.08m | €0.09m | ▲ 17.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,760 | €335 | -€271 | €276,655 | €18,064 | €22,044 | -€25,953 | €437,491 | - |
| + Depreciation and write-downs630 | €27,217 | €25,080 | €24,306 | €19,380 | €21,088 | €21,088 | €21,452 | €22,144 | ▲ 3.2% |
| Operating cash flow (approximation) | €12,457 | €25,415 | €24,034 | €296,035 | €39,152 | €43,132 | -€4,501 | €459,635 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€17,079 | €0 | €0 | -€13,709 | €35,646 | - |
| Change in cash | - | €33,949 | €32,936 | -€29,144 | €27,545 | -€155,248 | -€9,339 | €21,763 | - |
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 42 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 17-06-2026 | 2026-00167401 |
| 31-12-2024 | micro format | 19-06-2025 | 2025-00152385 |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00246485 |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00209456 |
| 31-12-2021 | micro format | 13-06-2022 | 2022-20059188 |
| 31-12-2020 | micro format | 17-06-2021 | 2021-21300113 |
| 31-12-2019 | micro format | 29-06-2020 | 2020-21900459 |
| 31-12-2018 | micro format | 08-07-2019 | 2019-30300525 |
| 31-12-2017 | micro format | 27-06-2018 | 2018-23500196 |
| 31-12-2016 | micro format | 10-07-2017 | 2017-29900566 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.