BERTUS
ActiveSummary
BERTUS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €347,215 and a net result of -€24,452. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 2300 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▲+8
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.87 in 2024; short-term debt: 19.1% and cash: 37.1% of total assets), and 19.1% of the assets are financed with debt.
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Signals
Five 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
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
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€24,452
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 20-01-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
29 d early
2023
19 d late
2022
28 d early
2021
28 d early
2020
19 d early
2019
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-07-2026 close27-09-2026 today28-02-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€347,215▼ 6.6%
2024 · €371,667
Total assets
€429,251▼ 8.5%
2024 · €469,303
Net result
-€24,452▲ 44.3%
2024 · -€43,889
Working capital
€80,731▼ 5.2%
2024 · €85,168
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,050-€34,189▼ 465%-€25,650▲ 25.0%-€39,393▼ 53.6%-€17,430▲ 55.8%
Net result-€13,149-€40,880▼ 211%-€31,139▲ 23.8%-€43,889▼ 40.9%-€24,452▲ 44.3%
Equity€487,576▼ 2.6%€446,696▼ 8.4%€415,556▼ 7.0%€371,667▼ 10.6%€347,215▼ 6.6%
Total assets€644,583▼ 3.9%€589,275▼ 8.6%€536,649▼ 8.9%€469,303▼ 12.5%€429,251▼ 8.5%
Debt€157,007▼ 7.5%€142,579▼ 9.2%€121,092▼ 15.1%€97,635▼ 19.4%€82,035▼ 16.0%
Working capital€206,212▲ 4.9%€126,145▼ 38.8%€123,440▼ 2.1%€85,168▼ 31.0%€80,731▼ 5.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,430 in 2025 against €39,393 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €429,251
Fixed assets
€266,484 ▼ 7.0%
Current assets
€162,767 ▼ 11.0%
Equity and liabilities €429,251
Equity
€347,215 ▼ 6.6%
Debt
€82,035 ▼ 16.0%
Debt's share of the balance-sheet total falls from 20.8% to 19.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,585▲
2024 · -€11,796
Cash flow
-€4,437▲
2024 · -€16,293
Current ratio
1.98▲
2024 · 1.87
Debt to equity
0.24▼
2024 · 0.26
ROE
-7.0%▲
2024 · -11.8%
ROA
-5.7%▲
2024 · -9.4%
Interest coverage
0.37▲
2024 · -1.68
Debt ≤ 1 year
€82,035▼
2024 · €97,635
Income taxes
€1,028▲
2024 · €788
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 12,304 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2,192 | €2,194 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,129 | €26,910 | €28,434 | €27,596 | €20,015 | ▼ 27.5% |
| Other operating charges640/8 | - | €10,990 | €4,776 | €7,491 | €4,345 | ▼ 42.0% |
| Gross operating margin9900 | €20,401 | €5,904 | €9,755 | -€4,305 | €6,930 | ▲ 261% |
| Operating profit (loss)9901 | -€6,050 | -€34,189 | -€25,650 | -€39,393 | -€17,430 | ▲ 55.8% |
| Financial income75/76B | - | €0 | €1,372 | €3,317 | €1,052 | ▼ 68.3% |
| Recurring financial income75 | €0 | €0 | €1,372 | €3,317 | €1,052 | ▼ 68.3% |
| Financial charges65/66B | - | €6,378 | €5,443 | €7,025 | €7,045 | ▲ 0.3% |
| Recurring financial charges65 | €6,942 | €6,378 | €5,443 | €7,025 | €7,045 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | -€12,992 | -€40,567 | -€29,720 | -€43,101 | -€23,424 | ▲ 45.7% |
| Income taxes67/77 | €157 | €314 | €1,419 | €788 | €1,028 | ▲ 30.4% |
| Profit (loss) for the period9904 | -€13,149 | -€40,880 | -€31,139 | -€43,889 | -€24,452 | ▲ 44.3% |
| Transfer from tax-exempt reserves789 | - | €4,249 | €4,249 | €4,249 | €4,249 | = |
| Profit (loss) for the period to be appropriated9905 | -€8,900 | -€36,632 | -€26,891 | -€39,641 | -€20,203 | ▲ 49.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €644,583 | €589,275 | €536,649 | €469,303 | €429,251 | ▼ 8.5% |
| Fixed assets21/28 | €282,009 | €320,550 | €292,117 | €286,499 | €266,484 | ▼ 7.0% |
| Tangible fixed assets22/27 | €282,009 | €320,550 | €292,117 | €286,499 | €266,484 | ▼ 7.0% |
| Land and buildings22 | - | €260,371 | €245,028 | €252,501 | €245,576 | ▼ 2.7% |
| Furniture and vehicles24 | - | €60,179 | €47,089 | €33,999 | €20,908 | ▼ 38.5% |
| Current assets29/58 | €362,574 | €268,725 | €244,532 | €182,803 | €162,767 | ▼ 11.0% |
| Amounts receivable within one year40/41 | €29,615 | €29,969 | €14,255 | €4,852 | €3,482 | ▼ 28.2% |
| Trade receivables40 | - | €15,226 | €1,845 | €1,845 | - | - |
| Other amounts receivable41 | - | €14,742 | €12,410 | €3,007 | €3,482 | ▲ 15.8% |
| Cash at bank and in hand54/58 | €332,959 | €238,756 | €230,277 | €177,951 | €159,285 | ▼ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €644,583 | €589,275 | €536,649 | €469,303 | €429,251 | ▼ 8.5% |
| Equity10/15 | €487,576 | €446,696 | €415,556 | €371,667 | €347,215 | ▼ 6.6% |
| Contributions10/11 | €493,308 | €493,308 | €493,308 | €493,308 | €493,308 | = |
| Capital10 | - | €493,308 | €493,308 | €493,308 | €493,308 | = |
| Issued capital100 | - | €493,308 | €493,308 | €493,308 | €493,308 | = |
| Reserves13 | €223,774 | €219,525 | €215,277 | €211,028 | €206,779 | ▼ 2.0% |
| Non-distributable reserves130/1 | - | €17,597 | €17,597 | €17,597 | €17,597 | = |
| Legal reserve130 | - | €17,597 | €17,597 | €17,597 | €17,597 | = |
| Tax-exempt reserves132 | - | €186,557 | €182,309 | €178,060 | €173,811 | ▼ 2.4% |
| Distributable reserves133 | - | €15,371 | €15,371 | €15,371 | €15,371 | = |
| Profit (loss) carried forward14 | -€229,506 | -€266,138 | -€293,028 | -€332,669 | -€352,872 | ▼ 6.1% |
| Amounts payable17/49 | €157,007 | €142,579 | €121,092 | €97,635 | €82,035 | ▼ 16.0% |
| Amounts payable within one year42/48 | €156,362 | €142,579 | €121,092 | €97,635 | €82,035 | ▼ 16.0% |
| Trade debts44 | - | €480 | €3,406 | €7,255 | €5,385 | ▼ 25.8% |
| Suppliers440/4 | - | €480 | €3,406 | €7,255 | €5,385 | ▼ 25.8% |
| Taxes, remuneration and social security45 | - | €2,130 | €4,522 | €2,373 | €4,602 | ▲ 93.9% |
| Taxes450/3 | - | €2,124 | €4,516 | €2,373 | €4,602 | ▲ 93.9% |
| Remuneration and social security454/9 | - | €6 | €6 | - | - | - |
| Other amounts payable47/48 | - | €139,969 | €113,165 | €88,007 | €72,048 | ▼ 18.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,149 | -€40,880 | -€31,139 | -€43,889 | -€24,452 | ▲ 44.3% |
| + Depreciation and write-downs630 | €22,129 | €26,910 | €28,434 | €27,596 | €20,015 | ▼ 27.5% |
| Operating cash flow (approximation) | €8,980 | -€13,970 | -€2,706 | -€16,293 | -€4,437 | ▲ 72.8% |
| Investment in fixed assets (approximation) | - | -€65,451 | €0 | -€21,979 | €0 | ▲ 100% |
| Change in cash | - | -€94,203 | -€8,479 | -€52,326 | -€18,666 | ▲ 64.3% |
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
Next filing, fiscal year 2026, expected by
2026
20-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
Financial
Weakest financial yearnet -€43,889
Net result drops to -€43,889, the lowest in the series; recovery starts the following year.
19-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
Financial
Back to profitnet €14,168
Net result €14,168 after one loss-making year.
31-07
Financial
Equity above €500,000Eq €500,725 ▲2.9%
Equity rises from €486,557 to €500,725.
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
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, Brasschaat · 1 establishment unit since 1988
Ground area
3,639 m²
Building footprint
211 m²
Volume, LiDAR
1,660 m³
Parcel 11322E0271/00N000, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BERTUS NV
since 19882.040.157.151
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0271/00N000 | Flanders | 3,639 m² | 1 · 211 m² | 11.9 m · 3 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
Frelyne
BE 0446.722.810
Gent · Eq €346,520
ROBBERECHT
BE 0461.414.251
Waasmunster · Eq €347,951
FOURSEC
BE 0733.611.493
Brasschaat · Eq €346,291
D & G
BE 0672.458.537
Damme · Eq €346,235
Rodalinsur
BE 0662.890.674
Leuven · Eq €348,280
Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. 6,369 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded28-07-1988
Fiscal year end31-07
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0434941862
Registered
10-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.