BERTINE (0458.781.591): financials and annual accounts

BERTINE

Woluwe-Saint-Lambert ·KBO/BCE: BE 0458.781.591

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Balance sheet: assets
Total assets`20/58`	185.6m	179.3m	178.3m	180.7m	182.3m	181.6m	170.2m	169.6m	171.3m	171.2m	106.8m	100.7m	96.5m	95.8m	98.5m	50.4m	48.1m	53.0m	51.5m
Fixed assets`21/28`	158.0m	159.4m	158.0m	156.1m	156.2m	157.1m	156.6m	156.4m	148.3m	147.9m	79.3m	79.0m	79.5m	78.2m	79.7m	31.8m	36.2m	43.0m	35.0m
Tangible fixed assets`22/27`	3.0m	3.2m	3.3m	3.4m	3.5m	3.3m	3.3m	3.2m	3.0m	3.1m	3.0m	2.7m	2.5m	3.0m	3.1m	2.9m	2.9m	2.3m	600,188
Land and buildings`22`	3.0m	3.2m	3.3m	3.4m	3.5m	3.3m	3.2m	3.2m	3.0m	3.1m	2.9m	2.7m	2.5m	2.5m	2.6m	2.5m	2.8m	2.3m	595,940
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	-	-	-	-	-	-	527,148	515,024	415,956	124,096	20,004	4,094
Furniture and vehicles`24`	-	-	-	2,946	6,099	10,250	14,437	18,625	2,112	4,224	6,336	8,448	342	6,931	13,318	19,285	10,691	10,438	154
Financial fixed assets`28`	155.0m	156.2m	154.7m	152.7m	152.6m	153.8m	153.3m	153.3m	145.3m	144.8m	76.4m	76.4m	77.0m	75.1m	76.6m	28.9m	33.3m	40.7m	34.4m
Current assets`29/58`	27.6m	19.9m	20.3m	24.6m	26.1m	24.5m	13.7m	13.1m	23.0m	23.3m	27.5m	21.6m	17.0m	17.6m	18.8m	18.6m	12.0m	10.0m	16.5m
Amounts receivable within one year`40/41`	471,718	539,194	447,380	10.9m	9.7m	12.2m	6.9m	6.9m	7.1m	8.9m	17.3m	12.0m	9.5m	6.1m	7.7m	5.2m	3.3m	1.7m	316,344
Trade receivables`40`	213,405	110,905	110,905	116,651	112,365	64,981	63,942	9,125	6,325	7,494	-	-	-	94,587	49,584	94,562	62,930	110,111	26,882
Other amounts receivable`41`	258,312	428,289	336,474	10.8m	9.6m	12.2m	6.8m	6.9m	7.1m	8.9m	17.3m	12.0m	9.5m	6.0m	7.7m	5.1m	3.2m	1.6m	289,462
Current investments`50/53`	25.8m	16.3m	15.6m	712,733	2.2m	2.1m	2.2m	2.3m	1.6m	2.0m	1.6m	3.4m	4.3m	3.7m	2.1m	1.6m	1.8m	3.8m	5.2m
Cash at bank and in hand`54/58`	1.2m	3.1m	4.3m	13.0m	14.2m	10.1m	4.5m	3.9m	14.3m	12.3m	7.8m	4.8m	1.2m	5.2m	5.8m	8.2m	2.9m	148,100	6.1m
Deferred charges and accrued income`490/1`	56,050	380	14,338	14,311	11,446	11,988	11,941	11,943	11,943	92,533	800,051	1.4m	2.0m	2.5m	3.1m	3.5m	4.0m	4.4m	4.8m
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	185.6m	179.3m	178.3m	180.7m	182.3m	181.6m	170.2m	169.6m	171.3m	171.2m	106.8m	100.7m	96.5m	95.8m	98.5m	50.4m	48.1m	53.0m	51.5m
Equity`10/15`	106.2m	103.3m	91.4m	87.5m	85.7m	83.5m	82.2m	79.4m	70.7m	67.3m	58.6m	56.1m	52.0m	49.3m	47.5m	40.4m	37.9m	40.7m	39.9m
Contributions`10/11`	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683
Capital`10`	272,683	272,683	272,683	272,683	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683	272,683
Reserves`13`	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	47.1m	40.1m	37.6m	40.4m	39.6m
Non-distributable reserves`130/1`	27,268	27,268	27,268	27,268	27,268	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268	27,268
Distributable reserves`133`	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	49.0m	47.1m	40.0m	37.5m	40.4m	39.5m
Profit (loss) carried forward`14`	57.0m	54.0m	42.1m	38.2m	36.4m	34.2m	32.9m	30.2m	21.4m	18.0m	9.3m	6.8m	2.7m	39,354	33,150	24,905	24,258	22,354	20,883
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	41.4m	41.4m	41.4m	41.4m	41.4m	-	245,379	584,800	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	41.4m	41.4m	41.4m	41.4m	41.4m	-	245,379	584,800	-
Amounts payable`17/49`	79.4m	76.0m	86.9m	93.2m	96.6m	98.1m	88.0m	90.1m	100.6m	103.9m	6.8m	3.2m	3.1m	5.1m	9.7m	10.0m	10.0m	11.7m	11.6m
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	3.1m	3.1m	3.1m	3.1m	9.6m	9.6m	9.6m	9.6m	9.6m
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	-	3.1m	3.1m	3.1m	3.1m	9.6m	9.6m	9.6m	9.6m	9.6m
Amounts payable within one year`42/48`	79.4m	76.0m	86.4m	92.8m	96.4m	98.0m	88.0m	90.1m	100.6m	103.8m	3.7m	7,487	38,025	2.0m	89,329	426,708	427,320	2.1m	2.0m
Financial debts`43`	-	-	-	-	-	-	-	-	-	-	-	-	5,000	15,000	57,625	111,125	164,625	1.6m	271,625
Credit institutions`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	5,000	15,000	57,625	111,125	164,625	1.6m	271,625
Trade debts`44`	-	358	14,992	8,955	19,540	1,310	623	1,961	1,921	27,726	4,672	7,487	8,831	24,612	29,944	147,552	57,947	116,289	26,882
Suppliers`440/4`	-	358	14,992	8,955	19,540	1,310	623	1,961	1,921	27,726	4,672	7,487	8,831	24,612	29,944	147,552	57,947	116,289	26,882
Taxes, remuneration and social security`45`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,060	1,060	1,060	4,043	2,019
Taxes`450/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,060	1,060	1,060	4,043	2,019
Other amounts payable`47/48`	79.4m	76.0m	86.4m	92.8m	96.4m	98.0m	88.0m	90.1m	100.6m	103.8m	3.7m	-	24,194	2.0m	700	166,971	203,688	338,758	1.7m
Accrued charges and deferred income`492/3`	-	-	518,940	384,690	247,740	110,490	-	-	-	54,020	-	121,649	-	40	225	266	-	8,458	5,641
Income statement
Non-recurring operating income`76A`	-	-	-	-	40,835	-	-	244,915	219,340	5.3m	2,925	251,660	10,519	-	-	-	1,831	-	-
Gross operating margin`9900`	139,173	-339,802	17,005	-123,480	-74,277	13,033	-32,548	240,907	273,191	111,490	6,763	-215,182	423,838	207,265	88,746	134,537	-40,962	443,732	159,794
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	312,007	82,574	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	155,425	154,567	156,566	155,625	139,601	130,305	121,391	105,660	102,428	92,754	74,948	75,241	62,335	86,523	86,927	81,218	86,710	67,954	17,657
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-245,379	-339,421	584,800	-
Other operating charges`640/8`	37,155	500,564	28,620	31,123	4,431	2,876	3,678	3,550	3,498	3,459	289,553	9,055	12,272	6,195	6,942	16,468	884,462	165,036	3,587
Non-recurring operating charges`66A`	-	-	1,552	-	-	-	-	-	-	-	-	-	-	-	-	1,998	5,543	29,551	-
Operating profit (loss)`9901`	-53,406	-994,933	-169,733	-310,228	-218,309	-120,148	-157,617	131,697	167,265	15,277	-357,737	-299,478	349,232	114,547	-5,123	282,230	-672,713	-374,058	138,550
Financial income`75/76B`	4.0m	13.0m	5.0m	2.5m	2.6m	1.7m	3.1m	8.8m	3.4m	4.8m	4.0m	5.2m	3.3m	3.3m	49.0m	2.7m	2.6m	2.4m	11.8m
Recurring financial income`75`	4.0m	12.8m	5.0m	2.5m	2.5m	1.7m	3.1m	8.5m	3.1m	4.8m	4.0m	5.2m	3.3m	3.3m	49.0m	2.7m	2.6m	2.4m	11.8m
Non-recurring financial income`76B`	-	199,375	-	-	40,835	-	-	244,915	219,340	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	736,141	73,899	978,636	315,150	224,773	197,076	168,521	149,094	153,187	1.5m	1.1m	996,485	997,270	1.6m	41.9m	490,816	4.8m	1.2m	430,290
Recurring financial charges`65`	736,141	73,899	978,636	315,150	224,773	197,076	168,521	149,094	153,187	1.5m	1.1m	996,485	997,270	1.6m	41.9m	490,816	4.8m	1.2m	430,290
Profit (loss) for the period before taxes`9903`	3.2m	12.0m	3.9m	1.9m	2.1m	1.3m	2.7m	8.8m	3.4m	8.7m	2.5m	4.1m	2.6m	1.9m	7.1m	2.5m	-2.9m	873,471	11.5m
Income taxes`67/77`	256,558	-	-	-	-	-	0	142	25,617	-	-	-	8,432	-	-	-	-	-	-
Profit (loss) for the period`9904`	2.9m	12.0m	3.9m	1.9m	2.1m	1.3m	2.7m	8.8m	3.3m	8.7m	2.5m	4.1m	2.6m	1.9m	7.1m	2.5m	-2.9m	873,471	11.5m
Profit (loss) for the period to be appropriated`9905`	2.9m	12.0m	3.9m	1.9m	2.1m	1.3m	2.7m	8.8m	3.3m	8.7m	2.5m	4.1m	2.6m	1.9m	7.1m	2.5m	-2.9m	873,471	11.5m
Appropriation of the result
Profit (loss) to be appropriated`9906`	57.0m	54.0m	42.1m	38.2m	36.4m	34.2m	32.9m	30.2m	21.4m	18.0m	9.3m	6.8m	2.7m	1.9m	7.1m	2.5m	-2.8m	894,354	11.5m
Profit (loss) brought forward from the previous period`14P`	54.0m	42.1m	38.2m	36.4m	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40.4m	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	1.9m	7.1m	2.5m	37.5m	872,000	11.5m
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	-	-	-	1.9m	7.1m	2.5m	37.5m	872,000	11.5m
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Financial year	Type	Filed	Reference	Document
30-06-2025	full format	26-11-2025	2025-00570779	PDF
30-06-2024	full format	16-12-2024	2024-00616521	PDF
30-06-2023	full format	03-01-2024	2024-00541701	PDF
30-06-2022	full format	17-11-2022	2022-20521327	PDF
30-06-2021	full format	31-01-2022	2022-03000225	PDF
30-06-2020	full format	26-01-2021	2021-01600198	PDF
30-06-2019	full format	31-10-2019	2019-72100322	PDF
30-06-2018	full format	31-10-2018	2018-70800154	PDF
30-06-2017	full format	30-11-2017	2017-70600070	PDF
30-06-2016	full format	03-11-2016	2016-67100473	PDF
30-06-2015	full format	30-12-2015	2015-70700189	PDF
30-06-2014	full format	03-11-2014	2014-66200020	PDF
30-06-2013	full format	07-10-2013	2013-61900281	PDF
30-06-2012	full format	23-11-2012	2012-64300251	PDF
30-06-2011	full format	02-12-2011	2011-63100037	PDF
30-06-2010	full format	03-12-2010	2010-62100366	PDF
30-06-2009	full format	30-10-2009	2009-83100268	PDF
30-06-2008	full format	22-12-2008	2008-85900148	PDF
30-06-2007	full format	26-10-2007	2007-78100401	PDF
30-06-2006	full format	08-11-2006	2006-86800518	PDF
30-06-2005	full format	18-10-2005	2005-82604133	PDF
30-06-2004	full format	12-10-2004	2004-72802010	PDF
30-06-2003	full format	24-12-2003	2003-85302163	PDF
30-06-2002	full format	12-11-2002	2002-71104124	PDF
30-06-2001	full format	22-10-2001	2001-65503222	PDF
30-06-2000	full format	10-10-2000	2000-63803241	PDF
30-06-1999	full format	17-09-1999	1999-47002470	PDF
30-06-1998	full format	13-10-1998	1998-52703647	PDF
30-06-1997	full format	13-10-1997	1997-48705247	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
EBITDA	102,019	-840,366	-13,166	-154,604	-78,708	10,157	-36,226	237,357	269,693	108,031	-282,789	-224,237	411,566	201,070	81,804	363,448	-586,003	-306,104	156,206
Cash flow	3.1m	12.1m	4.0m	2.0m	2.3m	1.5m	2.9m	8.9m	3.4m	8.8m	2.6m	4.2m	2.7m	2.0m	7.2m	2.6m	-2.8m	941,425	11.5m
Investment in fixed assets	210,080	1.5m	2.1m	48,767	384,502	714,743	233,960	8.2m	559,167	69.4m	373,284	241,355	3.2m	5.9m	67.6m	5.8m	1.7m	8.0m	54,795
Change in cash	-1.9m	-1.2m	-8.7m	-1.2m	4.0m	5.6m	609,604	-10.3m	2.0m	4.5m	3.0m	3.6m	-4.0m	-613,181	-2.4m	5.3m	2.8m	-6.0m	-
Working capital	-51.8m	-56.0m	-66.1m	-68.2m	-70.3m	-73.5m	-74.4m	-77.0m	-77.7m	-80.5m	23.7m	21.6m	17.0m	15.6m	18.7m	18.2m	11.5m	7.9m	14.4m
Solvency	57.2%	57.6%	51.2%	48.4%	47.0%	46.0%	48.3%	46.8%	41.3%	39.3%	54.9%	55.7%	53.9%	51.5%	48.2%	80.1%	78.7%	76.8%	77.4%
Current ratio	0.35	0.26	0.24	0.27	0.27	0.25	0.16	0.15	0.23	0.22	7.36	-	-	8.81	-	43.61	28.01	4.76	8.06
Debt to equity	0.75	0.74	0.95	1.06	1.13	1.17	1.07	1.13	1.42	1.54	0.12	0.06	0.06	0.10	0.20	0.25	0.26	0.29	0.29
ROE	2.7%	11.6%	4.2%	2.1%	2.5%	1.6%	3.3%	11.0%	4.7%	13.0%	4.3%	7.3%	5.1%	3.8%	14.9%	6.2%	-7.6%	2.1%	28.8%
ROA	1.6%	6.7%	2.2%	1.0%	1.2%	0.7%	1.6%	5.2%	1.9%	5.1%	2.4%	4.1%	2.7%	2.0%	7.2%	5.0%	-5.9%	1.6%	22.3%
Interest coverage	0.14	-11.37	-0.01	-0.49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	9 days	39 days	-	-	-	-	-	-

Item	30-06-2025	30-06-2024	30-06-2023	30-06-2022
Tangible fixed assets	-	€29,324	€11,271	€48,339
Financial fixed assets	€210,080	€1.5m	€2.1m	€429
Depreciation and write-downs of the year	€155,425	€154,567	€156,566	€155,625

BERTINE

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin €m

Filed annual accounts

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Key figures and ratios

Investments

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