2025 accounts filed 31 days after the deadlineTurnover not published (abbreviated format)
Checked score
Checked score
The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
XXVisible after signing in
HiddenVisible after signing in
Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. Without a bankruptcy probability, the company's Checked score rests on these figures.
XXVisible after signing in
XXVisible after signing in
XXVisible after signing in
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
Visible after signing inVisible after signing in
Credit check for an amount and term of your choice
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: Hidden nameVisible after signing in and Name after signing inVisible after signing in · General meeting of 25-07-2022 · Gazette deed
Reappointments: Name hiddenVisible after signing in (director) and Hidden nameVisible after signing in (director)
General meeting of 10-06-2022 · Gazette deed
Publication in the Belgian Official Gazette
Gazette deed
“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
abbreviated format, filed on 31-08-2026, 31 days late
Abbreviated and micro format
Small companies may file abbreviated or micro-format accounts. They often leave out revenue and other detail. The law allows it, so it is not missing data.
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.
A company files its annual accounts with the National Bank no later than seven months after its financial year ends. Repeated late filing is a warning sign.
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.
per financial year, computed from the annual accounts
Line
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
182,941
2.7m
1.6m
1.1m
-
-
-
-
5.3m
-34,872
56,796
-54,635
-51,414
80,689
-275
-8,169
-2,438
-
3.5m
1.4m
2.3m
862,040
1.4m
-8,453
-234,277
-
-
90.7%
59.1%
79.0%
73.4%
60.4%
61.3%
59.5%
65.1%
65.5%
2.68
1.80
14.40
2.63
5.73
0.99
0.76
-
-
0.10
0.69
0.27
0.36
0.65
0.63
0.68
0.54
0.53
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
Investment
Investment is what the company bought in the financial year in buildings, machinery, software and other fixed assets. Above depreciation, it is building up. Years below it, it is living off what it has.
Item
2025
2024
2023
2022
2021
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
Directors
Many board changes in a short time are a reason to keep a close eye on the company.
Each bar is one period in a role, from appointment to resignation or to today. An open left edge means the mandate began before its first mention. An open right edge means the mandate ended without a stated end date.
BERTULD is linked to other companies through directors or shares. Look especially for linked companies in trouble.
Depth
The network starts from the earlier ties.
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
22 events since 2016
Board
Capital
Filings
Financial
Establishments
Other
201620182020202220242026
Deadline for the 2026 accounts:
31-07-2027
2026
Annual accounts 2025 filedNBB ↗abbreviated format · 31 days late
2025
Highest result from 2017 to 2025net €3.0m ▲24.4% The net result of €3.0m is the highest of those years.
Equity above €50mequity €50.8m ▲515% After 7 profitable years in a row, equity reaches €50.8m.
Annual accounts 2024 filedPDFabbreviated format · 21 days before the deadline
2024
Annual accounts 2023 filedPDFabbreviated format · 41 days before the deadline
2023
Liquidity more than 5 timescurrent 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 filedPDFabbreviated format · 32 days before the deadline
2022
Equity above €5mequity €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: Name after signing inVisible after signing in and Name hiddenVisible after signing in · 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, Hidden nameVisible after signing in
Director resignation, Name after signing inVisible after signing in
Director reappointment, Name hiddenVisible after signing in (director (not named in the articles))
Director reappointment, Hidden nameVisible after signing in (director (not named in the articles))
Director appointment, Name after signing inVisible after signing in (director (not named in the articles))
Reappointments: Name hiddenVisible after signing in (director) and Hidden nameVisible after signing in (director)General meeting of 10-06-20223 points ▸
General meeting, 10-06-2022
Director reappointment, Name after signing inVisible after signing in
Director reappointment, Name hiddenVisible after signing in
IncorporationFounding capital of €120,000, 100 shares, €61,500 paid up · Founders: Hidden nameVisible after signing in and Name after signing inVisible after signing in · Appointments: Name hiddenVisible after signing in (director) and Hidden nameVisible after signing in (director) · published on 28-12-20165 points ▸
Founder, Name after signing inVisible after signing in
Founder, Name hiddenVisible after signing in
Founding capital, Euro 120.000, 100 shares
Director appointment, Hidden nameVisible after signing in
Director appointment, Name after signing inVisible after signing in
Each sentence rests on a document from the KBO register, the Belgian Official Gazette or the National Bank. The number after the sentence opens that document.
On 23 December 2016, BERTULD was incorporated by Hidden nameVisible after signing in and Name after signing inVisible after signing in, with a starting capital of €120,000.12A capital increase in 2017 brought the capital to €3.6m.3Today the board has 3 members.4Total assets went from €5.4m in 2018 to €56.0m in 2025.5
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
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
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;
Het waarnemen van alle bestuurs- en cntroleopdrachten, het uitoefenen van opdrachten en functies;
Managementadvies en pleidingscentrum in de breedste zin, inzake begeleiding, opleiding en training van gespecialiseerd technisch en commercieel personeel;
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;
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;
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;
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;
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.
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.
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.