BERTRAND WORK SERVICES
ActiveBERTRAND WORK SERVICES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 7694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+17
Solvency28▼-11
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.8%
Return on assets
25.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7694 sector peers (2025).
NBB · sector comparisonPosition among 7694 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
52 d early
2024
28 d early
2023
40 d early
2022
35 d early
2021
17 d early
2020
25 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2022 · €0
2020: €82k
2022: €0
2020 → 2024
EBIT margin
23.0%
Net result
€27k▲ 99.9%
2024 · €14k
2020: €15k
2021: €9k
2022: €26k
2023: €17k
2024: €14k
2020 → 2025
Working capital
€-24k▼ 133%
2024 · €-10k
2020: €9k
2021: €12k
2022: €37k
2023: €42k
2024: €-10k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0€0
Equity€27k-€53k▲ 97.4%€69k▲ 31.7%€17k▼ 76.1%€3k▼ 81.9%
Operating result€14k-€36k▲ 150%€24k▼ 31.4%€22k▼ 11.6%€41k▲ 92.2%
Net result€9k-€26k▲ 197%€17k▼ 35.7%€14k▼ 18.8%€27k▲ 99.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 92% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €107k
Fixed assets
€38k▼ 10.6%
Current assets
€69k▼ 4.7%
Equity and liabilities €107k
Equity
€3k▼ 81.9%
Debt
€104k▲ 5.7%
The debt ratio rises from 85.6% to 97.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€56k▲
2024 · €37k
Cash flow
€41k▲
2024 · €29k
Solvency
2.8%▼
2024 · 14.4%
Current ratio
0.75▼
2024 · 0.88
Quick ratio
0.74▼
2024 · 0.87
Debt / equity
34.76▲
2024 · 5.96
ROE
902.1%▲
2024 · 81.9%
ROA
25.2%▲
2024 · 11.8%
Interest coverage
19.47▲
2024 · 11.45
Debt
€104k▲
2024 · €99k
Debt ≤ 1 year
€93k▲
2024 · €83k
Debt > 1 year
€9k▼
2024 · €16k
Income taxes
€12k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€115k€107k▼
Fixed assets21/28€42k€38k▼
Tangible fixed assets22/27€42k€38k▼
Plant, machinery and equipment23€16k€14k▼
Furniture and vehicles24€5k€7k▲
Leasing and similar rights25€21k€15k▼
Other tangible fixed assets26€474€2k▲
Current assets29/58€73k€69k▼
Stocks and contracts in progress3€992€650▼
Stocks30/36€992€650▼
Amounts receivable within one year40/41€20k€2k▼
Trade receivables40€18k€0▼
Other amounts receivable41€2k€2k▼
Cash at bank and in hand54/58€45k€57k▲
Deferred charges and accrued income490/1€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€115k€107k▼
Equity10/15€17k€3k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€14k€0▼
Amounts payable17/49€99k€104k▲
Amounts payable after more than one year17€16k€9k▼
Financial debts170/4€16k€9k▼
Amounts payable within one year42/48€83k€93k▲
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€11k€16k▲
Taxes450/3€6k€11k▲
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48€60k€68k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€14k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€40k€59k▲
Operating profit (loss)9901€22k€41k▲
Financial income75/76B€233€162▼
Recurring financial income75€233€162▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€19k€39k▲
Income taxes67/77€5k€12k▲
Profit (loss) for the period9904€14k€27k▲
Profit (loss) for the period to be appropriated9905€14k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€80k€41k▼
Profit (loss) brought forward from the previous period14P€66k€14k▼
Profit to be distributed694/7€66k€41k▼
Return on contributions (dividend)694€66k€41k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €27k ▲99.9%
Operating result €41k, net result €27k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €9k ▼41.5%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Modave · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue des Trois Maisons 44577 ModaveGround area
3,698 m²
Building footprint
87 m²
Volume, LiDAR
441 m³
Parcel 61041B0096/02A000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BERTRAND WORK SERVICES
since 20192.296.877.252
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61041B0096/02A000 | Wallonia | 3,698 m² | 1 · 87 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 24,501 companies in sector 82990 we hold annual accounts for 9,398. 2,316 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2019
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
01610Support activities for crop production
01620Support activities for animal production
28300Manufacture of machinery and equipment not elsewhere classified
43990Other specialised construction activities
43999Specialised construction activities
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.