Bertonfire
ActiveSummary
The computed 12-month bankruptcy probability of Bertonfire is 2.5% (moderate). The 2024 annual accounts show equity of €132,878 and a net result of €1,069. Equity is shrinking by ~30.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 36% of 289 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+64
Solvency54▲+54
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 0.65 in 2023; short-term debt: 71.1% and cash: 64.9% of total assets), and 71.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Manufacture of electrical equipment (NACE 27)
about 104% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
28.6%
Return on assets
0.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
58 d late
2023
56 d late
2022
28 d late
2021
25 d late
2020
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 38 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€132,878
2023 · -€88,192
Total assets
€463,973▲ 179%
2023 · €166,272
Net result
€1,069
2023 · -€18,127
Working capital
€124,267
2023 · -€88,967
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€70,556--€29,191▲ 58.6%-€30,293▼ 3.8%-€18,105▲ 40.2%€855
Net result-€70,552below the sector's middle half--€29,146below the sector's middle half▲ 58.7%-€30,366below the sector's middle half▼ 4.2%-€18,127below the sector's middle half▲ 40.3%€1,069within the sector's middle half
Equity-€10,552below the sector's middle half--€39,698below the sector's middle half▼ 276%-€70,065below the sector's middle half▼ 76.5%-€88,192below the sector's middle half▼ 25.9%€132,878within the sector's middle half
Total assets€90,487within the sector's middle half-€257,370within the sector's middle half▲ 184%€184,738within the sector's middle half▼ 28.2%€166,272within the sector's middle half▼ 10.0%€463,973above the sector's middle half▲ 179%
Debt€101,039-€297,069▲ 194%€254,802▼ 14.2%€254,464▼ 0.1%€331,096▲ 30.1%
Working capital-€74,487below the sector's middle half--€78,559below the sector's middle half▼ 5.5%-€81,489below the sector's middle half▼ 3.7%-€88,967below the sector's middle half▼ 9.2%€124,267above the sector's middle half
Solvency-11.7%below the sector's middle half--15.4%below the sector's middle half▼ 3.8pp-37.9%below the sector's middle half▼ 22.5pp-53.0%below the sector's middle half▼ 15.1pp28.6%within the sector's middle half▲ 81.7pp
Current ratio0.26below the sector's middle half-0.73below the sector's middle half▲ 0.470.68below the sector's middle half▼ 0.060.65below the sector's middle half▼ 0.031.38within the sector's middle half▲ 0.73
Return on assets (ROA)-78.0%below the sector's middle half--11.3%below the sector's middle half▲ 66.6pp-16.4%below the sector's middle half▼ 5.1pp-10.9%below the sector's middle half▲ 5.5pp0.2%within the sector's middle half▲ 11.1pp
above
within
below
the middle half (P25 to P75) of NACE 27, Manufacture of electrical equipment, each year against the same schema; no band under 30 filings.
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 2024: €855 after a loss of €18,105 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €463,973
Fixed assets
€9,960 ▲ 259%
Current assets
€454,013 ▲ 178%
Equity and liabilities €463,973
Equity
€132,878
Debt
€331,096
Debt finances 71.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€4,178▲
2023 · -€3,752
Cash flow
€4,393▲
2023 · -€3,774
Quick ratio
1.02▲
2023 · 0.33
Debt to equity
2.49▲
2023 · -2.89
ROE
0.8%
Interest coverage
22.12▲
2023 · -23.06
Debt ≤ 1 year
€329,746▲
2023 · €252,464
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,372 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.4%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 2,372 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,536 | €26,407 | €26,385 | €14,353 | €3,324 | ▼ 76.8% |
| Other operating charges640/8 | - | €348 | €469 | €516 | €678 | ▲ 31.3% |
| Gross operating margin9900 | -€57,622 | -€2,437 | -€3,439 | -€3,236 | €4,856 | ▲ 250% |
| Operating profit (loss)9901 | -€70,556 | -€29,191 | -€30,293 | -€18,105 | €855 | ▲ 105% |
| Financial income75/76B | - | €329 | €67 | €141 | €404 | ▲ 187% |
| Recurring financial income75 | €4 | €329 | €67 | €141 | €404 | ▲ 187% |
| Financial charges65/66B | - | €284 | €141 | €163 | €189 | ▲ 16.1% |
| Recurring financial charges65 | - | €284 | €141 | €163 | €189 | ▲ 16.1% |
| Profit (loss) for the period before taxes9903 | -€70,552 | -€29,146 | -€30,366 | -€18,127 | €1,069 | ▲ 106% |
| Profit (loss) for the period9904 | -€70,552 | -€29,146 | -€30,366 | -€18,127 | €1,069 | ▲ 106% |
| Profit (loss) for the period to be appropriated9905 | -€70,552 | -€29,146 | -€30,366 | -€18,127 | €1,069 | ▲ 106% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90,487 | €257,370 | €184,738 | €166,272 | €463,973 | ▲ 179% |
| Fixed assets21/28 | €63,935 | €40,211 | €13,827 | €2,775 | €9,960 | ▲ 259% |
| Intangible fixed assets21 | €63,935 | €40,211 | €13,827 | - | €6,510 | - |
| Tangible fixed assets22/27 | - | - | - | €2,775 | €3,451 | ▲ 24.4% |
| Furniture and vehicles24 | - | - | - | €2,775 | €3,451 | ▲ 24.4% |
| Current assets29/58 | €26,552 | €217,159 | €170,911 | €163,497 | €454,013 | ▲ 178% |
| Stocks and contracts in progress3 | - | €142,100 | €90,050 | €79,625 | €116,858 | ▲ 46.8% |
| Stocks30/36 | - | €142,100 | €90,050 | €79,625 | €116,858 | ▲ 46.8% |
| Amounts receivable within one year40/41 | €9,530 | €24,994 | €38,251 | €21,921 | €35,883 | ▲ 63.7% |
| Trade receivables40 | - | €16,204 | €35,544 | €17,529 | €15,368 | ▼ 12.3% |
| Other amounts receivable41 | - | €8,791 | €2,707 | €4,393 | €20,516 | ▲ 367% |
| Cash at bank and in hand54/58 | €16,831 | €49,879 | €42,572 | €61,951 | €301,272 | ▲ 386% |
| Deferred charges and accrued income490/1 | - | €186 | €38 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90,487 | €257,370 | €184,738 | €166,272 | €463,973 | ▲ 179% |
| Equity10/15 | -€10,552 | -€39,698 | -€70,065 | -€88,192 | €132,878 | ▲ 251% |
| Contributions10/11 | - | €60,000 | €60,000 | €60,000 | €280,000 | ▲ 367% |
| Profit (loss) carried forward14 | -€70,552 | -€99,698 | -€130,065 | -€148,192 | -€147,122 | ▲ 0.7% |
| Amounts payable17/49 | €101,039 | €297,069 | €254,802 | €254,464 | €331,096 | ▲ 30.1% |
| Amounts payable within one year42/48 | €101,039 | €295,719 | €252,400 | €252,464 | €329,746 | ▲ 30.6% |
| Trade debts44 | €24,739 | €72,383 | €28,738 | €27,320 | €104,896 | ▲ 284% |
| Suppliers440/4 | - | €72,383 | €28,738 | €27,320 | €104,896 | ▲ 284% |
| Taxes, remuneration and social security45 | - | - | - | €820 | €189 | ▼ 77.0% |
| Taxes450/3 | - | - | - | €820 | €189 | ▼ 77.0% |
| Other amounts payable47/48 | - | €223,335 | €223,662 | €224,324 | €224,661 | ▲ 0.1% |
| Accrued charges and deferred income492/3 | - | €1,350 | €2,402 | €2,000 | €1,350 | ▼ 32.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€70,552 | -€29,146 | -€30,366 | -€18,127 | €1,069 | ▲ 106% |
| + Depreciation and write-downs630 | €12,536 | €26,407 | €26,385 | €14,353 | €3,324 | ▼ 76.8% |
| Operating cash flow (approximation) | -€58,016 | -€2,740 | -€3,982 | -€3,774 | €4,393 | ▲ 216% |
| Investment in fixed assets (approximation) | - | -€2,683 | €0 | -€3,301 | -€10,509 | ▼ 218% |
| Change in cash | - | €33,047 | -€7,306 | €19,379 | €239,321 | ▲ 1,135% |
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
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Back to profitnet €1,069
Net result €1,069 after 4 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.38
Current ratio from 0.65 to 1.38.
31-12
Financial
Equity above €100,000Eq €132,878
Equity rises from -€88,192 to €132,878.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 56 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
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, Brakel · 1 establishment unit since 2020
Ground area
4,538 m²
Building footprint
500 m²
Parcel 45024C0631/00D000, Flanders. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Rozenhoek 6 A, 9660 Brakel
since 20202.298.405.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45024C0631/00D000 | Flanders | 4,538 m² | 1 · 500 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 27 companies in sector 27520 we hold annual accounts for 19. 7 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
27520Manufacture of electrical equipment
27510Manufacture of electrical equipment
27900Manufacture of electrical equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0741792058
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.