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BERTULD

Active Europese vennootschap (Societas Europaea)founded 2016active for 9 yearsPaleizenstraat 45, 1030 SchaerbeekKBO/BCE: BE 0668.393.445

Overview

Lifetime

9 annual accounts with figures on one time axis
peak -€2,343 (2018)
-€15,374▲ €161
lowest -€36,925 (2017)
€3.0m▲ 24.4%
peak €50.8m (2025)
€50.8m▲ 515%
€5.2m▼ 9.2%
Board3 names since 2016
3 directors and 2 others
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Equity from €8.3m to €50.8mCash from €63,509 to €28,638

Key points

from the 2025 annual accounts

Equity

€50.8m ▲ 515%
€8.3m2024€51m2025

Equity rose in 2025 from €8.3m to €50.8m.

Liquidity

2.68 was 1.80 in 2024

Short-term debts rose from €1.8m to €2.1m.

Group

8 companies controlled

Heads a group.

2025 accounts filed 31 days after the deadlineTurnover not published (abbreviated format)

Checked score

Bankruptcy probability within 12 months

The KBO gives the legal form as “Europese vennootschap (Societas Europaea)”. Checked does not compute a bankruptcy probability for it. The model is built on companies and gives no reliable figure for this form.

Financial strength

Credit verdict

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
Director
Director
  • deed of 13-01-2017
  • deed of 13-01-2017
  • deed of 13-01-2017

Shares in 8 companies, including and

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0668393445
1 director appointed, 2 resignations, 2 reappointments Capital from €3,616,636.54 to €2,866,636.54 · Capital from €2,866,636.54 to €2,808,136.54 · Resignations: and · General meeting of 25-07-2022 · Gazette deed
Reappointments: (director) and (director) General meeting of 10-06-2022 · Gazette deed
Publication in the Belgian Official Gazette Gazette deed
All 22 events

Official details

Source: KBO
Status
Active since 23-12-2016Normal situation
Activity
“Het verlenen van bijstand, diensten en advies aan bedrijven, vennotschappen, verenigingen, private – en/of…” (deed in Dutch)From the articles, 10 activitiesNo NACE code in the KBO yet
Establishment unit
2.262.483.4281030 Schaerbeek, since 23-12-2016
Financial year end
31 December
Peppol
Reachable since 31-10-2023
Company details

Annual accounts 2025

-€15,374▲ 1.0%
€3.0m▲ 24.4%
€50.8m▲ 515%
€56.0m▲ 301%
Filing
Filed on 31-08-2026
Financials

Companies linked to BERTULD

Subsidiaries and holdings

  • 100%
  • 100%
  • 100%
  • 100%
  • 100%
  • 100%

Insights on BERTULD

BERTULD files the abbreviated format. That format states no turnover. The gross margin rose from -€18,544 in 2017 to -€15,374 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 31-08-2026, 31 days late
-€15,374
▲ €161
-€15,374
▲ €161
€3.0m
▲ 24.4%
€3.5m
▲ 142%
90.7%
▲ 31.6 percentage points
2.68
▲ 0.88

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €56.0m on 31-12-2025
What the company ownsHow it is paid for

in €m

in euro

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020201920182017
Balance sheet: assets
20/58 56.0m14.0m10.5m7.8m7.0m6.2m6.1m5.4m5.4m
21/28 50.5m10.8m8.1m6.4m5.3m5.3m5.3m5.3m5.3m
28 50.5m10.8m8.1m6.4m5.3m5.3m5.3m5.3m5.3m
29/58 5.5m3.2m2.5m1.4m1.7m828,124727,31040,51842,956
29 2.7m2.6m2.0m1.3m1.2m715,221250,417--
290 2.7m2.6m2.0m1.3m1.2m715,221250,417--
40/41 2.8m525,729423,99955,979337,56280,830444,545--
40 ------5,487--
41 2.8m525,729423,99955,979337,56280,830439,058--
54/58 28,63863,5096,71361,349112,76332,07332,34940,51842,956
Balance sheet: equity and liabilities
10/49 56.0m14.0m10.5m7.8m7.0m6.2m6.1m5.4m5.4m
10/15 50.8m8.3m8.3m5.7m4.2m3.8m3.6m3.5m3.5m
10/11 2.8m2.8m2.8m2.8m3.6m3.6m3.6m3.6m3.6m
10 2.8m2.8m2.8m2.8m3.6m----
100 2.8m2.8m2.8m2.8m3.6m3.6m3.6m3.6m3.6m
101 ----58,50058,50058,50058,50058,500
12 39.5m--------
13 8.5m5.5m5.5m2.9m677,070215,94650,573--
130/1 280,814280,814280,814235,779116,89893,842---
130 280,814280,814280,814235,779116,89893,84250,573--
133 8.2m5.2m5.2m2.7m560,173122,105---
14 --------57,917-36,925
17/49 5.2m5.7m2.2m2.1m2.8m2.4m2.5m1.9m1.9m
17 3.1m3.9m2.0m1.6m2.5m1.6m1.5m1.9m1.9m
170/4 3.1m3.9m2.0m540,707-----
178/9 ---1.0m2.5m1.6m1.5m1.9m1.9m
42/48 2.1m1.8m172,154529,156292,206836,577961,588--
42 806,788805,10997,72096,121-----
44 --64------
440/4 --64------
45 750,000750,000-36,000210,000390,890270,890--
450/3 750,000750,000-36,000210,000390,890270,890--
47/48 502,925223,81874,371397,03482,206445,686690,697--
Income statement
9900 -15,374-15,534-15,592-19,571-18,269-14,720-2,558-2,343-18,544
9901 -15,374-15,534-15,592-19,571-18,269-14,720-2,558-2,343-18,544
75/76B 3.2m2.5m2.7m2.5m1.2m904,8041.0m-0
75 3.2m2.5m2.7m2.5m1.2m904,8041.0m-0
65/66B 187,76756,78692,886151,80030,25924,71121,83818,64918,382
65 187,76756,78692,886151,80030,25924,71121,83818,64918,382
9903 3.0m2.4m2.6m2.4m1.2m865,3731.0m-20,992-36,925
9904 3.0m2.4m2.6m2.4m1.2m865,3731.0m-20,992-36,925
9905 3.0m2.4m2.6m2.4m1.2m865,3731.0m-20,992-36,925
Appropriation of the result
9906 3.0m2.4m2.6m2.4m1.2m865,373953,541-57,917-36,925
791/2 -73,505-120,000-----
691/2 3.0m-2.6m2.4m461,124165,37350,573--
6920 --45,035118,88123,05643,26950,573--
6921 3.0m-2.5m2.3m438,068122,105---
694/7 -2.5m-120,000700,000700,000902,968--
694 -2.5m-120,000700,000700,000902,968--
Document PDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00494440.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 31-08-2026 2026-00494440 PDF
31-12-2024 abbreviated format 10-07-2025 2025-00266688 PDF
31-12-2023 abbreviated format 20-06-2024 2024-00156695 PDF
31-12-2022 abbreviated format 29-06-2023 2023-00185387 PDF
31-12-2021 abbreviated format 16-06-2022 2022-20071673 PDF
31-12-2020 abbreviated format 25-03-2021 2021-08500451 PDF
31-12-2019 abbreviated format 18-06-2020 2020-18200423 PDF
31-12-2018 abbreviated format 20-06-2019 2019-20700559 PDF
31-12-2017 abbreviated format 14-06-2018 2018-19100378 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020201920182017
182,9412.7m1.6m1.1m----5.3m
-34,87256,796-54,635-51,41480,689-275-8,169-2,438-
3.5m1.4m2.3m862,0401.4m-8,453-234,277--
90.7%59.1%79.0%73.4%60.4%61.3%59.5%65.1%65.5%
2.681.8014.402.635.730.990.76--
0.100.690.270.360.650.630.680.540.53
5.9%29.4%31.1%41.4%27.4%22.9%28.0%-0.6%-1.0%
5.4%17.4%24.6%30.4%16.6%14.0%16.7%-0.4%-0.7%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Financial fixed assets€182,941€2.7m€1.6m€1.1m-

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on BERTULD

The operating result for 2025 is a loss of €15,374, smaller than the loss of €15,534 in 2024.

Debt's share of the balance-sheet total falls from 40.9% to 9.3%. Equity is higher and debt is lower.

Board & ownership

Board

3 directors, no change since 2022
Director (not named in the articles)
appointed by deed of 18-08-2022
listed in the 2025 annual accounts, filed on 31-08-2026
Director (not named in the articles)
appointed by deed of 28-12-2016
listed in the 2025 annual accounts, filed on 31-08-2026
Director (not named in the articles)
appointed by deed of 28-12-2016
listed in the 2025 annual accounts, filed on 31-08-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 21. : Externe vertegenwoordiging De raad van bestuur vertegenwoordigt, als college, de vennootschap in alle handelingen in en buiten…”
deed of 18-08-2022

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today

Director (not named in the articles)

Director (not named in the articles)

Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
    • Director, appointed by deed of 28-12-2016, until 18-08-2022
    • Director (not named in the articles), since before 18-08-2022
    • Director, appointed by deed of 28-12-2016, until 18-08-2022
    • Director (not named in the articles), since before 18-08-2022
    • Director (not named in the articles), from 25-07-2022 to date

See the board, name and registered office on a given date →

Control

Founders
,
This company
BERTULD
Equity €50.8m
Profit €3.0m in 2025

Capital

Capital
€2,808,136.54
Shares
3,014 in the deed of 13-01-2017
Source
2025 annual accounts

Articles of association

deed of 18-08-2022 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Functies uittredende en niet herbenoemde eindigen onmiddellijk na gewone algemene vergadering, raad kan onder leden voorzitter en één of…”
“Vacature, overblijvende bestuurders hebben recht voorlopig te voorzien”
“Zetel of plaats in oproepingen in België of uitzonderlijk buitenland, geldig bij tele- en videoconferentie”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 14:00

Shareholders

After the capital increase deed of 13-01-2017 ↗
At incorporation deed of 28-12-2016 ↗
  • 99 shares (99%)
  • 1 share (1%)

Capital transactions

Capital over time
  1. 18-08-2022 Capital reduction of €750,000 · to €2,866,636.54 · repaid to the shareholders
  2. 18-08-2022 Capital reduction of €58,500 · to €2,808,136.54 · “vrijstelling aandeelhouders van verplichting tot storting saldo te volstorten deel”
  3. 13-01-2017 Capital increase of €3,496,636.54 · to €3,616,636.54 · 2,914 new shares, 96.7% of the 3,014 shares after the increase · in kind
  4. 28-12-2016 Incorporation · €120,000 · 100 shares

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros
This companyBERTULD8 holdings, 1 country 2025 accounts

Belgium 8 Equity Result

  • BE €2.9m result €2.2m
  • BE €2.2m result €102,448
  • BE €1.9m result €338,408
  • BE €1.2m result €316,715
  • BE €969,451 result €6,470
  • BE €740,039 result €527,244
  • BE €520,185 result €4,464
  • BE €219,142 result €38,732

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

Heads the group BERTULD Group, risk and exposure

Earlier ties

via , no longer at · Director · deed of 22-01-2018
No longer active

Holdings and subsidiaries

8 holdings

Holdings 8

Share, source and own figures per holding (8)

Source for every holding own accounts 2025

  • subsidiary
    Equity €1.9m Profit of €338,408 in 2025 (profit of €819,464 in 2024) Checked score
    100%
  • subsidiary
    Equity €1.2m Profit of €316,715 in 2025 (profit of €474,975 in 2024) Checked score
    100%
  • subsidiary
    Equity €520,185 Profit of €4,464 in 2025 (profit of €144,387 in 2024) Checked score
    100%
  • subsidiary
    Equity €2.9m Profit of €2.2m in 2025 (profit of €703,382 in 2024) Checked score
    100%
  • subsidiary
    Equity €740,039 Profit of €527,244 in 2025 (profit of €138,255 in 2024) Checked score
    100%
  • subsidiary
    Equity €2.2m Profit of €102,448 in 2025 (profit of €322,494 in 2024) Checked score
    100%
  • subsidiary
    Equity €969,451 Profit of €6,470 in 2025 (profit of €30,763 in 2024) Checked score
    100%
  • subsidiary
    Equity €219,142 Profit of €38,732 in 2025 (profit of €33,960 in 2024) Checked score
    100%
Holdings through the years 2017 to 2025
Holdings through the years
Name201720182019202020212022202320242025
99%100%
99.87%100%
98%100%
99.34%100%
100%
99.46%100%
100%
100%

Source: list of holdings in its own accounts

Connections & network

Depth

The network starts from the earlier ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

22 events since 2016

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 31 days late
2025
Highest result from 2017 to 2025 net €3.0m ▲24.4% The net result of €3.0m is the highest of those years.
Equity above €50m equity €50.8m ▲515% After 7 profitable years in a row, equity reaches €50.8m.
Annual accounts 2024 filed PDFabbreviated format · 21 days before the deadline
2024
Annual accounts 2023 filed PDFabbreviated format · 41 days before the deadline
2023
Liquidity more than 5 times current ratio 14.40 The current ratio rises from 2.63 to 14.40. Short-term debt falls from €529,156 to €172,154.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0668393445
Annual accounts 2022 filed PDFabbreviated format · 32 days before the deadline
2022
Equity above €5m equity €5.7m ▲35.6% After 4 profitable years in a row, equity reaches €5.7m.
1 director appointed, 2 resignations, 2 reappointmentsCapital from €3,616,636.54 to €2,866,636.54 · Capital from €2,866,636.54 to €2,808,136.54 · Resignations: and · General meeting of 25-07-202210 points ▸
  • General meeting, 25-07-2022
  • Capital decrease, €750,000
  • Capital decrease, €58,500
  • Capital, €2,808,136.54, 3,014 shares, mentioned twice in the deed
  • Registered office clause, Paleizenstraat 45, bus A0, 1030 Schaarbeek (Brussel)
  • Director resignation,
  • Director resignation,
  • Director reappointment, (director (not named in the articles))
  • Director reappointment, (director (not named in the articles))
  • Director appointment, (director (not named in the articles))
  • The deed holds 12 more points.

Open the deed in the Belgian Official Gazette

Reappointments: (director) and (director)General meeting of 10-06-20223 points ▸
  • General meeting, 10-06-2022
  • Director reappointment,
  • Director reappointment,

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFabbreviated format · 45 days before the deadline
2021
Liquidity more than 5 times current ratio 5.73 The current ratio rises from 0.99 to 5.73. Short-term debt falls from €836,577 to €292,206.
Annual accounts 2020 filed PDFabbreviated format · 128 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 43 days before the deadline
2019
Back to profit net €1.0m The net result is €1.0m, after 2 loss-making years.
Annual accounts 2018 filed PDFabbreviated format · 41 days before the deadline
2018
Annual accounts 2017 filed PDFabbreviated format · 47 days before the deadline
2017
Publication in the Belgian Official Gazette PDF
Capital increase of €3,496,636.54 to €3,616,636.54Capital from €120,000 to €3,616,636.54, 2,914 new shares · General meeting of 27-12-20164 points ▸
  • General meeting, 27-12-2016
  • Capital increase, €3,496,636.54
  • Capital, €3,616,636.54, 3,014 shares
  • Amendment of the articles, article 5
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2016
IncorporationFounding capital of €120,000, 100 shares, €61,500 paid up · Founders: and · Appointments: (director) and (director) · published on 28-12-20165 points ▸
  • Founder,
  • Founder,
  • Founding capital, Euro 120.000, 100 shares
  • Director appointment,
  • Director appointment,

Open the deed in the Belgian Official Gazette

First establishment Paleizenstraat 45, Schaerbeek

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 23 December 2016, BERTULD was incorporated by and , with a starting capital of €120,000.12 A capital increase in 2017 brought the capital to €3.6m.3 Today the board has 3 members.4 Total assets went from €5.4m in 2018 to €56.0m in 2025.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 28-12-2016
  3. 3Belgian Official Gazette, 13-01-2017
  4. 4National Bank, annual accounts 2025
  5. 5National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0668.393.445
VAT number
BE 0668.393.445
Peppol ID
0208:0668393445
Other Peppol ID
9925:BE0668393445
Legal form
Europese vennootschap (Societas Europaea)
Status
Active, normal situation
Founded
23-12-2016
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 14:00
deed of 18-08-2022 (in Dutch)
Peppol
Reachable since 31-10-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
BERTULD in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 18-08-2022 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Brussels Hoofdstedelijk Gewest”
deed of 18-08-2022 (in Dutch)

Activities

PurposeThe purpose describes the activities the company may carry out under its articles.
“Het verlenen van bijstand, diensten en advies aan bedrijven, vennotschappen, verenigingen, private – en/of overheidsinstellingen, op het…”
10 activities
  1. Het verlenen van bijstand, diensten en advies aan bedrijven, vennotschappen, verenigingen, private – en/of overheidsinstellingen, op het vlak van management, marketing, organisatie, administratie, financiën, verkoop, productie en algemeen bestuur;
  2. Het waarnemen van alle bestuurs- en cntroleopdrachten, het uitoefenen van opdrachten en functies;
  3. Managementadvies en pleidingscentrum in de breedste zin, inzake begeleiding, opleiding en training van gespecialiseerd technisch en commercieel personeel;
  4. Het verwerven van participaties in eender welke vrm in alle bestaande of op te richten rechtspersonen en vennootschappen, het stimuleren, de planning, de coördinatie, de ontwikkeling van en de investering in rechtspersonen en vennootschappen waarin zij al of niet een participatie aanhoudt;
  5. Het testaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren onder om het even welke vorm, in dit kader kan zij zich ook borg stellen en andere handels- en financiële operaties verrichten, behalve deze die wettelijk voorbehouden zijn aan kredietinstellingen;
  6. Het beheren van vermgens van roerende en onroerende goederen, het aankopen, verkopen, ruilen, doen bouwen, doen verbouwen, onderhouden, verhuren, huren en verkavelen van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen;
  7. Zwel voor eigen rekening als voor rekening van derden, in België of in het buitenland, alleen of in samenwerking met derden om het even welke industriële, burgerlijke, handels, financiële, roerende en onroerende handelingen stellen die rechtstreeks of onrechtstreeks betrekking hebben op het bereiken van het voorwerp;
  8. Zij mag tevens m het even welke gelijkaardige handelingen stellen die van aard zouden zijn de verwezenlijking van haar voorwerp te vergemakkelijken of uit te breiden. De vennootschap mag rechtstreeks of onrechtstreeks belangen nemen door inbreng, afstand, fusie, inschrijving of aankoop van effecten, financiële tussenkomst of op welke andere wijze ook, in zaken, ondernemingen, verenigingen of vennootschappen die een zelfde gelijkaardig of samenhangend voorwerp nastreven of eenvoudig nuttig zou zijn tot de verwezenlijking van haar voorwerp.
  9. De vennotschap kan deelnemen in, of zich op een andere wijze interesseren in andere vennootschappen, ondernemingen, groeperingen of organisaties. Zij mag zich hiervoor borgstellen of aval verlenen, voorschotten en kredieten toestaan, hypothecaire of andere waarborgen verstrekken. Zij mag tevens een functie van bestuurder of vereffenaar in andere vennootschappen uitoefenen.
  10. De vennotschap kan overgaan tot alle handelsverrichtingen, nijverheidsverrichtingen, financiële en onroerende verrichtingen zo voor eigen rekening als voor rekening van derden, die van aard zijn de verwezenlijking van haar voorwerp rechtstreeks f onrechtstreeks te bevorderen en dit zowel in België als in het buitenland.
deed of 18-08-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Paleizenstraat 45 registered office 1030 Schaerbeek 64210 Activities of holding companies 23-12-2016 2.262.483.428

Buildings and parcels at the address

Ground area
2,784 m²
Buildings
960 m²
Volume, LiDAR
22,336 m³
Tallest building
28.6 m
Buildings to scale, each on its own parcel
960 m², 28.6 m 960 m², 28.6 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
21908E0238/00V0072,784 m² 1 · 960 m² 28.6 m · 8