BERTRIX - DECORS
ActiveSummary
BERTRIX - DECORS has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60,678 and a net result of -€35,495. Equity is shrinking by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-12
Solvency83▼-17
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.41 against 3.43 in 2023; short-term debt: 26.9% and cash: 5.9% of total assets), and 42.2% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
57.8%
Return on assets
-33.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€35,495
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
54 d late
2022
56 d late
2021
78 d late
2020
83 d late
2019
82 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 64 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€60,678▼ 36.9%
2023 · €96,173
Total assets
€104,993▼ 18.3%
2023 · €128,448
Net result
-€35,495▼ 385%
2023 · -€7,324
Working capital
€39,747▼ 49.3%
2023 · €78,343
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€1,146-€31,033-€18,782▲ 39.5%-€9,481▲ 49.5%-€37,762▼ 298%
Net result€66,381above the sector's middle half-€60,770below the sector's middle half-€17,225below the sector's middle half▲ 71.7%-€7,324below the sector's middle half▲ 57.5%-€35,495below the sector's middle half▼ 385%
Equity€181,492above the sector's middle half▲ 46.0%€120,721within the sector's middle half▼ 33.5%€103,496within the sector's middle half▼ 14.3%€96,173within the sector's middle half▼ 7.1%€60,678within the sector's middle half▼ 36.9%
Total assets€247,804within the sector's middle half▲ 1.1%€178,849within the sector's middle half▼ 27.8%€142,254within the sector's middle half▼ 20.5%€128,448within the sector's middle half▼ 9.7%€104,993within the sector's middle half▼ 18.3%
Debt€66,312▼ 45.2%€58,128▼ 12.3%€38,758▼ 33.3%€32,275▼ 16.7%€44,315▲ 37.3%
Working capital€168,750▲ 336%€98,403▼ 41.7%€83,422▼ 15.2%€78,343▼ 6.1%€39,747▼ 49.3%
Solvency73.2%above the sector's middle half▲ 22.6pp67.5%above the sector's middle half▼ 5.7pp72.8%above the sector's middle half▲ 5.3pp74.9%above the sector's middle half▲ 2.1pp57.8%within the sector's middle half▼ 17.1pp
Staff (FTE)3.1above the sector's middle half=3.2
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 stays negative: a loss of €37,762 in 2024 against €9,481 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €104,993
Fixed assets
€37,018 ▲ 108%
Current assets
€67,975 ▼ 38.5%
Equity and liabilities €104,993
Equity
€60,678 ▼ 36.9%
Debt
€44,315 ▲ 37.3%
Debt's share of the balance-sheet total rises from 25.1% to 42.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€34,177▼
2023 · -€7,237
Cash flow
-€31,910▼
2023 · -€5,080
Current ratio
2.41▼
2023 · 3.43
Quick ratio
0.77▼
2023 · 1.72
Debt to equity
0.73▲
2023 · 0.34
ROE
-58.5%▼
2023 · -7.6%
ROA
-33.8%▼
2023 · -5.7%
Interest coverage
-34.95▼
2023 · -7.59
Debt ≤ 1 year
€28,228▼
2023 · €32,275
Debt > 1 year
€16,087
Income taxes
€270▲
2023 · €261
Staff costs
€35,963▼
2023 · €40,370
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 5,827 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €14,900 | - | - | - |
| Remuneration, social security and pensions62 | - | €51,521 | €42,434 | €40,370 | €35,963 | ▼ 10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,841 | €8,542 | €4,184 | €2,244 | €3,585 | ▲ 59.8% |
| Other operating charges640/8 | - | €4,790 | €4,566 | €4,298 | €3,932 | ▼ 8.5% |
| Gross operating margin9900 | €55,737 | €33,820 | €32,402 | €37,431 | €5,718 | ▼ 84.7% |
| Operating profit (loss)9901 | €1,146 | -€31,033 | -€18,782 | -€9,481 | -€37,762 | ▼ 298% |
| Financial income75/76B | - | €3,272 | €3,329 | €3,372 | €3,515 | ▲ 4.2% |
| Recurring financial income75 | €9,196 | €21 | €16 | €3,372 | €3,515 | ▲ 4.2% |
| Non-recurring financial income76B | - | €3,251 | €3,313 | €3,372 | €3,515 | ▲ 4.2% |
| Financial charges65/66B | - | €32,819 | €1,514 | €954 | €978 | ▲ 2.5% |
| Recurring financial charges65 | €8,314 | €2,008 | €1,514 | €954 | €978 | ▲ 2.5% |
| Non-recurring financial charges66B | - | €30,811 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €73,332 | -€60,580 | -€16,967 | -€7,063 | -€35,225 | ▼ 399% |
| Income taxes67/77 | €6,951 | €190 | €258 | €261 | €270 | ▲ 3.4% |
| Profit (loss) for the period9904 | €66,381 | -€60,770 | -€17,225 | -€7,324 | -€35,495 | ▼ 385% |
| Profit (loss) for the period to be appropriated9905 | €66,381 | -€60,770 | -€17,225 | -€7,324 | -€35,495 | ▼ 385% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €247,804 | €178,849 | €142,254 | €128,448 | €104,993 | ▼ 18.3% |
| Fixed assets21/28 | €19,639 | €22,318 | €20,074 | €17,830 | €37,018 | ▲ 108% |
| Tangible fixed assets22/27 | €15,586 | €18,265 | €16,021 | €13,777 | €32,965 | ▲ 139% |
| Land and buildings22 | - | €8,914 | €8,914 | €8,914 | €8,914 | = |
| Plant, machinery and equipment23 | - | €7,065 | €5,385 | €3,705 | €2,025 | ▼ 45.3% |
| Furniture and vehicles24 | - | - | - | - | €1,297 | - |
| Leasing and similar rights25 | - | - | - | - | €20,135 | - |
| Other tangible fixed assets26 | - | €2,286 | €1,722 | €1,158 | €594 | ▼ 48.7% |
| Financial fixed assets28 | €4,053 | €4,053 | €4,053 | €4,053 | €4,053 | = |
| Current assets29/58 | €228,165 | €156,531 | €122,180 | €110,618 | €67,975 | ▼ 38.5% |
| Stocks and contracts in progress3 | €62,364 | €61,452 | €58,607 | €55,228 | €46,326 | ▼ 16.1% |
| Stocks30/36 | - | €61,452 | €58,607 | €55,228 | €46,326 | ▼ 16.1% |
| Amounts receivable within one year40/41 | €31,987 | €430 | €10,886 | €4,283 | €12,525 | ▲ 192% |
| Trade receivables40 | - | €430 | €10,886 | €3,465 | €12,058 | ▲ 248% |
| Other amounts receivable41 | - | - | - | €818 | €467 | ▼ 42.9% |
| Cash at bank and in hand54/58 | €129,356 | €91,019 | €48,908 | €47,849 | €6,179 | ▼ 87.1% |
| Deferred charges and accrued income490/1 | - | €3,630 | €3,779 | €3,258 | €2,945 | ▼ 9.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €247,804 | €178,849 | €142,254 | €128,448 | €104,993 | ▼ 18.3% |
| Equity10/15 | €181,492 | €120,721 | €103,496 | €96,173 | €60,678 | ▼ 36.9% |
| Contributions10/11 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €101,198 | €101,197 | €101,197 | €101,198 | €101,198 | = |
| Non-distributable reserves130/1 | - | €3,099 | €3,099 | - | - | - |
| Reserves not available under the articles1311 | - | €3,099 | €3,099 | - | - | - |
| Tax-exempt reserves132 | - | €21,335 | €21,335 | €21,335 | €21,335 | = |
| Distributable reserves133 | - | €76,763 | €76,763 | €79,863 | €79,863 | = |
| Profit (loss) carried forward14 | €49,307 | -€11,463 | -€28,688 | -€36,012 | -€71,507 | ▼ 98.6% |
| Amounts payable17/49 | €66,312 | €58,128 | €38,758 | €32,275 | €44,315 | ▲ 37.3% |
| Amounts payable after more than one year17 | €6,849 | - | - | - | €16,087 | - |
| Financial debts170/4 | - | - | - | - | €16,087 | - |
| Amounts payable within one year42/48 | €59,415 | €58,128 | €38,758 | €32,275 | €28,228 | ▼ 12.5% |
| Current portion of amounts payable after more than one year42 | - | €5,851 | - | - | €3,991 | - |
| Trade debts44 | €23,086 | €25,908 | €21,301 | €17,290 | €11,895 | ▼ 31.2% |
| Suppliers440/4 | - | €25,908 | €21,301 | €17,290 | €11,895 | ▼ 31.2% |
| Advances received on contracts in progress46 | - | €825 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €17,994 | €12,493 | €10,512 | €5,714 | ▼ 45.6% |
| Taxes450/3 | - | €8,585 | €2,048 | €2,468 | €822 | ▼ 66.7% |
| Remuneration and social security454/9 | - | €9,409 | €10,445 | €8,044 | €4,892 | ▼ 39.2% |
| Other amounts payable47/48 | - | €7,550 | €4,964 | €4,473 | €6,628 | ▲ 48.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,381 | -€60,770 | -€17,225 | -€7,324 | -€35,495 | ▼ 385% |
| + Depreciation and write-downs630 | €12,841 | €8,542 | €4,184 | €2,244 | €3,585 | ▲ 59.8% |
| Operating cash flow (approximation) | €79,222 | -€52,228 | -€13,041 | -€5,080 | -€31,910 | ▼ 528% |
| Investment in fixed assets (approximation) | - | -€11,221 | -€1,940 | €0 | -€22,773 | - |
| Change in cash | - | -€38,337 | -€42,111 | -€1,059 | -€41,670 | ▼ 3,835% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 54 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Weakest financial yearnet -€60,770
Net result drops to -€60,770, the lowest in the series; recovery starts the following year.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
31-12
Financial
Back to profitnet €66,381
Net result €66,381 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 3.84
Current ratio from 1.36 to 3.84; short-term debt falls from €107,588 to €59,415.
31-12
Financial
Equity above €150,000Eq €181,492 ▲46%
Equity rises from €124,290 to €181,492.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Bertrix · 1 establishment unit since 1975
Ground area
269 m²
Building footprint
116 m²
Volume, LiDAR
1,277 m³
Parcel 84009C0275/00E002, Wallonia · tallest building 13.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Bertrix - Décors
since 19752.011.357.059
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84009C0275/00E002 | Wallonia | 269 m² | 1 · 116 m² | 13.3 m · 4 fl. |
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.
Similar companies · same sector, comparable size
WYLOCK
BE 0445.767.260
Oosterzele · Eq €60,668
RAMAEKERS GUY
BE 0870.465.429
Hasselt · Eq €60,667
FELIX DECO
BE 0632.719.617
Ledegem · Eq €60,769
SCHILDERBEDRIJF FRANK VANDAMME
BE 0863.681.565
Diksmuide · Eq €60,796
ATLAS
BE 0800.317.504
Leopoldsburg · Eq €60,824
Of 7,868 companies in sector 43341 we hold annual accounts for 2,664. 2,326 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
Founded29-08-1975
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
47530Retail trade
41001General construction of residential buildings
43120Site preparation
43230Insulation installation
43310Plastering work
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415369539
Also
9925:BE0415369539
Registered
18-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.