Equity
-€275,450
Debts exceed assets in financial year 2025.
DISTRI - BERTRANSART
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994Gross marginpeak €551,510 (2025)
€551,510▲ 152%
Resultlowest -€288,173 (2016)
€365,921▲ 596%
Equitypeak €882,246 (2015)
-€275,450▲ €365,921
Debts
€3.9m▲ 1.6%
Staffpeak 1.1 FTE (2025)
1.1 FTE▲ 10.0%
Board8 names since 2014
5 directorsEugénie Marie PINTE and 4 others
Owners3 names in the annual accounts
Documentsfilings and deeds
27-10-202688 days late
2025financial year
Gross margin from €218,980 to €551,510Result from €52,592 to €365,921Staff from 1 FTE to 1.1 FTEAppointment: Madeleine Fautré (director) 19-09Equity from -€641,372 to -€275,450
Key points
from the 2025 annual accountsResult
€365,921 ▲ 596%
The result rose in 2025 from €52,592 to €365,921.
Debts
€3.9m 103% of the balance sheet
Financial debts 60%Suppliers 3%Taxes and wages 0%Other 37%
Of this, €1.5m falls due within a year.
Staff
1 employees on 31-12-2025
In 2025, 2 people joined and 2 left.
Filings
32 annual accounts 33 filings, 88 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€275,450
Less equity than 91% of companies in real estate. Sector median €942,819 · 5,798 companies.
Checked score
56
Fair
Financially stronger than 51% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,628 companies (NACE 68, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 1.0%▲ +0.2 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.1%▲ +0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.1 percentage points vs 06-2025
08-2025: 1.6%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 1.0%▼ -0.6 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 0.5%▼ -0.5 percentage points vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026lowest value
03-2026: 0.6%▲ +0.1 percentage points vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.7%▲ +0.1 percentage points vs 05-2026
07-2026: 0.7%● unchanged vs 06-2026
08-2026: 1.1%▲ +0.4 percentage points vs 07-2026
09-2026: 1.4%▲ +0.3 percentage points vs 08-2026
10-2026: 0.7%▼ -0.7 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€275,450
Liquidity: current ratio 0.46, cash €16,183
lowers risk
Size: 1.1 FTE, total assets €3.8m
Founded in 1993
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 14% of them on solvency, 24% on liquidity, 78% on profitability and 87% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,794 companies had the same profile as DISTRI - BERTRANSART has now. Each dot stands for 10 companies, two years later.
91.5%
were still trading
5.3%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DISTRI - BERTRANSART itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for DISTRI - BERTRANSART. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.46 (0.19 in 2024), below 1. Short-term debt is 40.9% and cash 0.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 5797 sector peers (2025).
NBB · sector comparisonPosition among 5797 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · 2025 accounts filed 88 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-10-2026, 88 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
88 days late
2024
8 days late
2023
29 days late
2022
81 days early
2021
82 days early
2020
50 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 August (4 of the last 5 accounts filed within 89 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
TR
THEIA REAL ESTATE SA
Director, Guillaume PINTE, since 23-11-2023
- THEIA REAL ESTATE 100%score 80equity €5.2m (2025) · 2025 annual accounts of THEIA REAL ESTATE
- Société des Salins SCA 99.66%annual accounts 2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0449259260
Appointment: Madeleine Fautré (director)
General meeting of 12-06-2025 · Gazette deed
Registered office moved within Brussels
New registered office: rue Vilain XIIII 53-55 à 1000 Bruxelles · Previous registered office: Chaussée de la Hulpe 150 à 1170 Bruxelles · Resignations: Stanislas BOURIEZ, Olivier GUYOT and MORE ADVICE (managing director) · Gazette deed
First establishment
Terhulpsesteenweg 150, Watermael-Boitsfort
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| DISTRI - BERTRANSART Brussels | €3.8m | €551,510 | -7.3% | 1.1 |
| IMMO STONE Brussels | €3.1m | €710,476 | 80.4% | 1 |
| PIESSENS INVEST Sint-Niklaas | €4.6m | €664,710 | 49.7% | 0.8 |
| HAPATRIM Harelbeke | €5.1m | €553,483 | 25.1% | 1.2 |
| EURO-INVEST Deerlijk | €3.9m | €555,110 | 55.7% | 1.6 |
| THE LOFTHOUSE Antwerp | €4.7m | €640,627 | 75.6% | 0.8 |
| IMMO CONDROZ-FAMENNE Gesves | €4.2m | €892,405 | 85.4% | 1 |
These companies have the same main activity as DISTRI - BERTRANSART: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €3.1m and €5.1m, founded between 1987 and 1996.
Official details
Source: KBO- Status
- Active since 28-01-1993Normal situation
- Registered office
- 34 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 2 others
- Establishment unit
- 2.061.374.1201170 Watermael-Boitsfort, since 23-03-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 08-07-2026
Annual accounts 2025
- Turnover
- ≈ €610,000estimated
- Total assets
- €3.8m▲ 12.5%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 27-10-2026
Companies linked to DISTRI - BERTRANSART
Parent and group
Insights on DISTRI - BERTRANSART
DISTRI - BERTRANSART has existed since 1993. The present size dates from 2024. The gross margin rose that year from €31,984 to €218,980.
The gross margin has grown every year since 2020. Solvency rose in 2025 from -19.1% to -7.3% because of the retained profit.
THEIA REAL ESTATE holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DISTRI - BERTRANSART
- What is the company number of DISTRI - BERTRANSART?
- The company number of DISTRI - BERTRANSART is 0449.259.260. The VAT number is the same number with BE in front: BE 0449.259.260.
- Where is DISTRI - BERTRANSART based?
- The registered office is at Vilain XIIII-straat 53-55, 1000 Brussels.Company details
- What does DISTRI - BERTRANSART do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of DISTRI - BERTRANSART?
- DISTRI - BERTRANSART is a public limited company (NV).
- When was DISTRI - BERTRANSART founded?
- DISTRI - BERTRANSART was founded on 28-01-1993.
- Is DISTRI - BERTRANSART still active?
- Yes, DISTRI - BERTRANSART is an active enterprise in the KBO register.
- How many employees does DISTRI - BERTRANSART have?
- DISTRI - BERTRANSART had an average of 1.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of DISTRI - BERTRANSART?
- The turnover in financial year 2025 is ≈ €610,000. This figure is estimated from the gross margin of €551,510 and 39 comparable companies (NACE 68203). It probably lies between €580,000 and €760,000.
- Is DISTRI - BERTRANSART profitable?
- In financial year 2025, DISTRI - BERTRANSART made a profit of €365,921.
- Where can I find the annual accounts of DISTRI - BERTRANSART?
- DISTRI - BERTRANSART filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DISTRI - BERTRANSART due?
- DISTRI - BERTRANSART must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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