BERTOL
Dissolved and wound upFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 27-06-2026 at the NBB all 20 filings
Equity
€123,989▼ 5.2%
2025 · €130,803
Total assets
€123,989▼ 6.5%
2025 · €132,643
Net result
-€6,814▼ 96.6%
2025 · -€3,467
Working capital
€127,608▼ 1.8%
2024 · €129,881
Multi-year overview
2018 to 2026, 9 financial yearsOperating result
-€5,459
▼ 819%
2026
20182026
Net result
-€6,814
▼ 96.6%
2026
20182026
Equity
€123,989
▼ 5.2%
2026
20182026
Total assets
€123,989
▼ 6.5%
2026
20182026
Debt
no figure
2026
20182026
Working capital
no figure
2026
20182026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Operating result€25,509-€18,280▼ 28.3%€10,299▼ 43.7%€32,155▲ 212%€27,319▼ 15.0%€24,275▼ 11.1%€73,198▲ 202%-€594-€5,459▼ 819%
Net result€13,672-€6,860▼ 49.8%€6,714▼ 2.1%€19,005▲ 183%€16,089▼ 15.3%€10,845▼ 32.6%€43,181▲ 298%-€3,467-€6,814▼ 96.6%
Equity€44,945-€48,524▲ 8.0%€52,456▲ 8.1%€69,967▲ 33.4%€86,055▲ 23.0%€103,101▲ 19.8%€134,270▲ 30.2%€130,803▼ 2.6%€123,989▼ 5.2%
Total assets€51,856-€51,787▼ 0.1%€55,106▲ 6.4%€72,970▲ 32.4%€89,546▲ 22.7%€105,543▲ 17.9%€147,540▲ 39.8%€132,643▼ 10.1%€123,989▼ 6.5%
Debt€6,911-€3,263▼ 52.8%€2,650▼ 18.8%€3,003▲ 13.3%€3,491▲ 16.2%€2,443▼ 30.0%€13,270▲ 443%€1,840▼ 86.1%
Working capital€33,552-€36,851▲ 9.8%€43,046▲ 16.8%€62,028▲ 44.1%€77,325▲ 24.7%€87,894▲ 13.7%€129,881▲ 47.8%€127,608▼ 1.8%
The operating result for 2026 is a loss of €5,459, larger than the loss of €594 in 2025. It is the lowest result since 2018.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Key figures and ratios
Solvency
100.0%▲
2025 · 98.6%
ROE
-5.5%▼
2025 · -2.7%
ROA
-5.5%▼
2025 · -2.6%
Income taxes
€1,000▼
2025 · €1,766
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 | 27-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,178 | €11,299 | €1,016 | - | - |
| Depreciation and write-downs of the year | €3,538 | €3,205 | €2,022 | €1,578 | - |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,575 | €4,619 | €3,271 | €3,687 | €3,538 | €3,205 | €2,022 | €1,578 | - | - |
| Other operating charges640/8 | - | - | - | €483 | €547 | €584 | €587 | €797 | €501 | ▼ 37.2% |
| Non-recurring operating charges66A | - | - | - | - | - | €1,523 | - | - | - | - |
| Gross operating margin9900 | €33,025 | €23,955 | €14,052 | €36,325 | €31,404 | €29,587 | €75,808 | €1,781 | -€4,959 | - |
| Operating profit (loss)9901 | €25,509 | €18,280 | €10,299 | €32,155 | €27,319 | €24,275 | €73,198 | -€594 | -€5,459 | ▼ 819% |
| Financial income75/76B | - | - | - | €995 | €73 | €265 | €265 | €69 | - | - |
| Recurring financial income75 | €95 | €0 | €0 | €30 | €73 | €265 | €265 | €69 | - | - |
| Non-recurring financial income76B | - | - | - | €965 | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €1,898 | €397 | €250 | €9,945 | €1,176 | €355 | ▼ 69.8% |
| Recurring financial charges65 | €787 | €365 | €294 | €585 | €397 | €250 | €72 | €1,176 | €95 | ▼ 91.9% |
| Non-recurring financial charges66B | - | - | - | €1,314 | - | - | €9,873 | - | €259 | - |
| Profit (loss) for the period before taxes9903 | €24,817 | €17,915 | €12,808 | €31,252 | €26,995 | €24,289 | €63,519 | -€1,701 | -€5,814 | ▼ 242% |
| Income taxes67/77 | €11,145 | €11,055 | €6,094 | €12,247 | €10,906 | €13,444 | €20,338 | €1,766 | €1,000 | ▼ 43.4% |
| Profit (loss) for the period9904 | €13,672 | €6,860 | €6,714 | €19,005 | €16,089 | €10,845 | €43,181 | -€3,467 | -€6,814 | ▼ 96.6% |
| Profit (loss) for the period to be appropriated9905 | €13,672 | €6,860 | €6,714 | €19,005 | €16,089 | €10,845 | €43,181 | -€3,467 | -€6,814 | ▼ 96.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €51,856 | €51,787 | €55,106 | €72,970 | €89,546 | €105,543 | €147,540 | €132,643 | €123,989 | ▼ 6.5% |
| Formation expenses20 | - | - | - | - | - | €0 | - | - | - | - |
| Fixed assets21/28 | €12,179 | €12,397 | €10,060 | €8,442 | €9,081 | €15,652 | €4,773 | €3,195 | - | - |
| Tangible fixed assets22/27 | €12,179 | €12,397 | €10,060 | €8,442 | €9,081 | €15,652 | €4,773 | €3,195 | - | - |
| Land and buildings22 | - | - | - | €4,511 | €3,445 | €1,617 | €2,231 | €1,824 | - | - |
| Furniture and vehicles24 | - | - | - | €3,931 | €5,636 | €14,035 | €2,542 | €1,371 | - | - |
| Current assets29/58 | €39,677 | €39,390 | €45,046 | €64,528 | €80,465 | €89,891 | €142,767 | €129,448 | €123,989 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €19,475 | €10,478 | €14,514 | €9,860 | €12,895 | €17,704 | €50,353 | €7,341 | €37,507 | ▲ 411% |
| Trade receivables40 | - | - | - | €9,107 | €8,727 | €8,735 | - | €1,631 | €32,866 | ▲ 20× |
| Other amounts receivable41 | - | - | - | €753 | €4,168 | €8,969 | €50,353 | €5,710 | €4,641 | ▼ 18.7% |
| Cash at bank and in hand54/58 | €20,202 | €28,912 | €30,532 | €53,637 | €67,570 | €71,018 | €90,099 | €122,107 | €86,482 | ▼ 29.2% |
| Deferred charges and accrued income490/1 | - | - | - | €1,030 | - | €1,169 | €2,315 | - | - | - |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €51,856 | €51,787 | €55,106 | €72,970 | €89,546 | €105,543 | €147,540 | €132,643 | €123,989 | ▼ 6.5% |
| Equity10/15 | €44,945 | €48,524 | €52,456 | €69,967 | €86,055 | €103,101 | €134,270 | €130,803 | €123,989 | ▼ 5.2% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €19,371 | €35,459 | €46,305 | €89,486 | €89,486 | €89,486 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €17,511 | €33,599 | €46,305 | €89,486 | €89,486 | €89,486 | = |
| Profit (loss) carried forward14 | €30,685 | €34,264 | €38,196 | €38,196 | €38,196 | €38,196 | €26,184 | €22,717 | €15,903 | ▼ 30.0% |
| Amounts payable17/49 | €6,911 | €3,263 | €2,650 | €3,003 | €3,491 | €2,443 | €13,270 | €1,840 | - | - |
| Amounts payable within one year42/48 | €6,125 | €2,539 | €2,000 | €2,500 | €3,140 | €1,997 | €12,885 | €1,840 | - | - |
| Trade debts44 | €1,776 | €310 | €290 | €798 | €1,474 | €738 | €675 | €904 | - | - |
| Suppliers440/4 | - | - | - | €798 | €1,474 | €738 | €675 | €904 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,702 | €1,665 | €1,259 | €12,210 | €937 | - | - |
| Taxes450/3 | - | - | - | €1,254 | €1,665 | €1,259 | €11,335 | €937 | - | - |
| Remuneration and social security454/9 | - | - | - | €448 | - | - | €875 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €503 | €351 | €446 | €385 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,672 | €6,860 | €6,714 | €19,005 | €16,089 | €10,845 | €43,181 | -€3,467 | -€6,814 | ▼ 96.6% |
| + Depreciation and write-downs630 | €5,575 | €4,619 | €3,271 | €3,687 | €3,538 | €3,205 | €2,022 | €1,578 | - | - |
| Operating cash flow (approximation) | €19,247 | €11,479 | €9,985 | €22,693 | €19,627 | €14,050 | €45,203 | -€1,889 | -€6,814 | ▼ 261% |
| Investment in fixed assets (approximation) | - | -€4,837 | -€935 | -€2,068 | -€4,178 | -€9,776 | €8,857 | €0 | - | - |
| Change in cash | - | €8,709 | €1,620 | €23,106 | €13,932 | €3,448 | €19,081 | €32,008 | -€35,625 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 27-03-2026 | micro format | 27-06-2026 | 2026-00221076 | |
| 31-12-2025 | micro format | 05-06-2026 | 2026-00145229 | |
| 31-12-2024 | abbreviated format | 20-05-2025 | 2025-00102541 | |
| 31-12-2023 | abbreviated format | 08-03-2024 | 2024-00042559 | |
| 31-12-2022 | abbreviated format | 12-06-2023 | 2023-00119921 | |
| 31-12-2021 | abbreviated format | 26-04-2022 | 2022-20010529 | |
| 31-12-2020 | abbreviated format | 05-05-2021 | 2021-13300229 | |
| 31-12-2019 | abbreviated format | 23-03-2020 | 2020-07300392 | |
| 31-12-2018 | abbreviated format | 18-06-2019 | 2019-19300523 | |
| 31-12-2017 | abbreviated format | 30-04-2018 | 2018-11800528 |