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BERTINY PROJECTS

Active
Private limited companyfounded 2021active for 5 yearsProvinciebaan 205, 9620 Zottegem, BelgiumKBO/BCE: BE 0765.671.280
Summary

BERTINY PROJECTS has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,566 and a net result of €15,546. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Activity not known1 site
Size
€1.7mtotal assets 2025
Equity
€15,566
Profit
€15,546
Turnover not published (micro format)
Financial health
84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
2025 accounts filed 30 days late1 deed in the Belgian Official Gazette
Why 84raises riskEquity €15,566 (0.9% of total assets)Founded in 2021lowers riskSize: total assets €1.7mNo main activity registeredShow the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (no NACE code, micro)
Financial strength · tick = 2024
Weak
Solvency 26+1
equity 0.9% of total assets
Liquidity 40-2
short-term debt 26.7% · cash 0.7%
Profitability 42=
return on assets 0.9%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%▲ +0.2 percentage points vs 07-2025 09-2025: 0.3%▼ -0.3 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026lowest value 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.6%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.3%▼ -0.3 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.03, compared with 0.04 in 2024, below 1; short-term debt: 26.7% and cash: 0.7% of total assets), and 99.1% of the assets are financed with debt and provisions.
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 (no NACE code, micro): better than 16% on solvency, 23% on liquidity, 32% on profitability and 99% on growth.

The bankruptcy probability was computed on 24-10-2026 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

Five signals.
lowers riskraises risk
lowers risk · Size: total assets €1.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · No main activity registered
KBO
raises risk · Equity €15,566 (0.9% of total assets)
NBB · annual accounts
raises risk · Founded in 2021
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · 2025 accounts filed 30 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filings
Deviation from the deadline
2025
30 days late
2024
28 days late
2023
30 days late
2022
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 4 accounts on average 30 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Back to profitnet €18,297

Financials · financial year 2025, micro format

2025 annual accounts filed late (30 days) Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00470234.

Equity
€15,566▲ 810×
2024 · €19
Total assets
€1.7m▼ 3.2%
2024 · €1.8m
Net result
€15,546▼ 15.0%
2024 · €18,297
Working capital
-€440,524▼ 2.9%
2024 · -€428,020
Trend over the years

2022 to 2025, 4 financial years

The operating result falls in 2025; 2025 is 8% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.06m 2025 Net result€0.02m 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
Line2022202320242025
Operating result-€0.03m--€0.009m▲ 64.8%€0.06m€0.06m▼ 7.5%
Net result-€0.03m--€0.04m▼ 24.9%€0.02m€0.02m▼ 15.0%
Equity€0.02m--€0.02m€19€0.02m▲ 810×
Total assets€0.7m-€1.8m▲ 151%€1.8m▼ 3.1%€1.7m▼ 3.2%
Debt€0.7m-€1.8m▲ 160%€1.8m▼ 4.0%€1.7m▼ 4.1%
Working capital-€0.3m--€0.4m▼ 55.8%-€0.4m▼ 1.9%-€0.4m▼ 2.9%
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 €1.7m
Fixed assets €1.7m ▼ 2.8%
Current assets €12,077 ▼ 39.6%
Equity and liabilities €1.7m
Equity €15,566 ▲ 810×
Debt €1.7m ▼ 4.1%
Debt's share of the balance-sheet total falls from 100.0% to 99.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€110,101▼
2024 · €114,512
Cash flow
€69,281▼
2024 · €71,865
Current ratio
0.03▼
2024 · 0.04
ROE
99.9%
ROA
0.9%▼
2024 · 1.0%
Interest coverage
2.70▲
2024 · 2.69
Debt ≤ 1 year
€452,601▲
2024 · €448,013
Debt > 1 year
€1.2m▼
2024 · €1.3m
A ratio outside any meaningful range has been withheld (balance sheet total €1.7m, equity €15,566).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96.0% are still going.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
1.9% went bankrupt
1.8% stopped otherwise
96.0% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 1,603 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.8m€1.7m▼
Fixed assets21/28€1.7m€1.7m▼
Tangible fixed assets22/27€1.7m€1.7m▼
Land and buildings22€1.7m€1.7m▼
Current assets29/58€0.02m€0.01m▼
Cash at bank and in hand54/58€0.02m€0.01m▼
Deferred charges and accrued income490/1€0.001m-
Equity and liabilities
Total equity and liabilities10/49€1.8m€1.7m▼
Equity10/15€19€0.02m▲
Contributions10/11€0.05m€0.05m=
Profit (loss) carried forward14-€0.05m-€0.03m▲
Amounts payable17/49€1.8m€1.7m▼
Amounts payable after more than one year17€1.3m€1.2m▼
Financial debts170/4€1.3m€1.2m▼
Amounts payable within one year42/48€0.4m€0.5m▲
Current portion of amounts payable after more than one year42€0.07m€0.08m▲
Trade debts44€0.007m€0.01m▲
Suppliers440/4€0.007m€0.01m▲
Other amounts payable47/48€0.4m€0.4m▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.05m▲
Other operating charges640/8€0.006m€0.01m▲
Gross operating margin9900€0.1m€0.1m▼
Operating profit (loss)9901€0.06m€0.06m▼
Financial charges65/66B€0.04m€0.04m▼
Recurring financial charges65€0.04m€0.04m▼
Profit (loss) for the period before taxes9903€0.02m€0.02m▼
Profit (loss) for the period9904€0.02m€0.02m▼
Profit (loss) for the period to be appropriated9905€0.02m€0.02m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€0.05m-€0.03m▲
Profit (loss) brought forward from the previous period14P-€0.07m-€0.05m▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46,627€74,349€53,568€53,734▲ 0.3%
Other operating charges640/8€2,555€3,961€6,363€10,266▲ 61.3%
Gross operating margin9900€23,802€69,379€120,875€120,367▼ 0.4%
Operating profit (loss)9901-€25,380-€8,931€60,944€56,367▼ 7.5%
Financial charges65/66B€4,982€28,985€42,647€40,820▼ 4.3%
Recurring financial charges65€4,982€28,985€42,647€40,820▼ 4.3%
Profit (loss) for the period before taxes9903-€30,362-€37,916€18,297€15,546▼ 15.0%
Profit (loss) for the period9904-€30,362-€37,916€18,297€15,546▼ 15.0%
Profit (loss) for the period to be appropriated9905-€30,362-€37,916€18,297€15,546▼ 15.0%
Line2022202320242025Change
Assets
Total assets20/58€0.7m€1.8m€1.8m€1.7m▼ 3.2%
Fixed assets21/28€0.7m€1.8m€1.7m€1.7m▼ 2.8%
Tangible fixed assets22/27€0.7m€1.8m€1.7m€1.7m▼ 2.8%
Land and buildings22€0.7m€1.8m€1.7m€1.7m▼ 2.8%
Current assets29/58€0.06m€0.03m€0.02m€0.01m▼ 39.6%
Cash at bank and in hand54/58€0.06m€0.03m€0.02m€0.01m▼ 37.7%
Deferred charges and accrued income490/1--€0.001m--
Equity and liabilities
Total equity and liabilities10/49€0.7m€1.8m€1.8m€1.7m▼ 3.2%
Equity10/15€0.02m-€0.02m€19€0.02m▲ 810×
Contributions10/11€0.05m€0.05m€0.05m€0.05m=
Profit (loss) carried forward14-€0.03m-€0.07m-€0.05m-€0.03m▲ 31.1%
Amounts payable17/49€0.7m€1.8m€1.8m€1.7m▼ 4.1%
Amounts payable after more than one year17€0.4m€1.4m€1.3m€1.2m▼ 5.9%
Financial debts170/4€0.4m€1.4m€1.3m€1.2m▼ 5.9%
Amounts payable within one year42/48€0.3m€0.4m€0.4m€0.5m▲ 1.0%
Current portion of amounts payable after more than one year42€0.03m€0.07m€0.07m€0.08m▲ 2.7%
Trade debts44€0.02m€0.03m€0.007m€0.01m▲ 95.1%
Suppliers440/4€0.02m€0.03m€0.007m€0.01m▲ 95.1%
Other amounts payable47/48€0.3m€0.3m€0.4m€0.4m▼ 1.0%
Line2022202320242025Change
Profit (loss) for the period9904-€0.03m-€0.04m€0.02m€0.02m▼ 15.0%
+ Depreciation and write-downs630€0.05m€0.07m€0.05m€0.05m▲ 0.3%
Operating cash flow (approximation)€0.02m€0.04m€0.07m€0.07m▼ 3.6%
Investment in fixed assets (approximation)--€1.2m-€0.005m-€0.005m▲ 3.3%
Change in cash--€0.03m-€0.008m-€0.007m▲ 8.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2025 micro format 30-08-2026 2026-00470234
31-12-2024 micro format 28-08-2025 2025-00420056
31-12-2023 micro format 30-08-2024 2024-00410111
31-12-2022 micro format 30-08-2023 2023-00393504

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 1 Gazette act processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 25 March 2021, BERTINY PROJECTS was incorporated as a private limited company.1 Total assets went from €720,971 in 2022 to €1.7m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2022 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
30-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 30 days late
2025
28-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 28 days late
2024
31-12
Financial Back to profitnet €18,297
Net result €18,297 after 2 loss-making years.
30-08
NBB filing Annual accounts filed
financial year 2023 · micro format · 30 days late
2023
31-12
Financial Weakest financial yearnet -€37,916
Net result drops to -€37,916, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 1 deed read
About the unread acts

We know of 1 Belgian Official Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded25-03-2021
Financial year end31-12
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 24 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

Location & real-estate footprint
Registered office, Zottegem · 1 establishment unit since 2021
registered office establishment The establishment unit on the map
Ground area
2,554 m²
Building footprint
1,115 m²
Building volume
6,730 m³
Parcel 41069B1363/00T000, Flanders · tallest building 7.6 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
BERTINY PROJECTS
Provinciebaan 205, 9620 ZottegemBuying and selling of own real estate
since 2021unit no. 2.318.411.747
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
41069B1363/00T000 Flanders 2,554 m² 1 · 1,115 m² 7.6 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.