François BERTRAND
ActiveSummary
François BERTRAND has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9k and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+7
Solvency40▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.5 in 2024; short-term debt: 48.7% and cash: 24.8% of total assets), and 85.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.6%
Return on assets
19.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9460 sector peers (2025).
NBB · sector comparisonPosition among 9460 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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
5 d late
2024
58 d early
2023
57 d early
2022
21 d late
2021
5 d early
2020
31 d early
2019
12 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€9k
2024 · €-3k
2018: €-16k
2019: €-23k
2020: €-36k
2021: €-9k
2022: €-18k
2023: €-11k
2024: €-3k
2018 → 2025
Total assets
€63k▲ 9.6%
2024 · €58k
2018: €43k
2019: €20k
2020: €10k
2021: €27k
2022: €18k
2023: €11k
2024: €58k
2018 → 2025
Net result
€12k▲ 54.8%
2024 · €8k
2018: €-14k
2019: €-7k
2020: €-13k
2021: €29k
2022: €-9k
2023: €7k
2024: €8k
2018 → 2025
Working capital
€-2k▲ 90.0%
2024 · €-16k
2018: €-27k
2019: €-29k
2020: €-37k
2021: €-9k
2022: €-21k
2023: €-13k
2024: €-16k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-9k-€-18k▼ 100%€-11k▲ 37.8%€-3k▲ 71.8%€9k
Operating result€33k-€-7k€10k€13k▲ 33.0%€19k▲ 44.8%
Net result€29k-€-9k€7k€8k▲ 18.2%€12k▲ 54.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 45% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€34k ▼ 19.7%
Current assets
€29k ▲ 90.6%
Equity and liabilities €63k
Equity
€9k
Debt
€54k
Debt finances 85.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€28k▲
2024 · €14k
Cash flow
€22k▲
2024 · €9k
Current ratio
0.95▲
2024 · 0.50
Debt to equity
5.86▲
2024 · -19.38
ROE
134.1%
ROA
19.5%▲
2024 · 13.8%
Interest coverage
18.08▲
2024 · 9.26
Debt ≤ 1 year
€31k▼
2024 · €31k
Debt > 1 year
€23k▼
2024 · €30k
Income taxes
€5k▲
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€58k€63k▲
Fixed assets21/28€42k€34k▼
Tangible fixed assets22/27€42k€34k▼
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€41k€33k▼
Current assets29/58€15k€29k▲
Amounts receivable within one year40/41€7k€14k▲
Trade receivables40€7k€14k▲
Cash at bank and in hand54/58€8k€16k▲
Equity and liabilities
Total equity and liabilities10/49€58k€63k▲
Equity10/15€-3k€9k▲
Contributions10/11€19k€19k=
Reserves13€43k€43k=
Distributable reserves133€43k€43k=
Profit (loss) carried forward14€-65k€-53k▲
Amounts payable17/49€61k€54k▼
Amounts payable after more than one year17€30k€23k▼
Financial debts170/4€30k€23k▼
Amounts payable within one year42/48€31k€31k▼
Current portion of amounts payable after more than one year42€8k€7k▼
Trade debts44€4k€7k▲
Suppliers440/4€4k€7k▲
Advances received on contracts in progress46€2k€2k=
Taxes, remuneration and social security45€10k€14k▲
Taxes450/3€10k€14k▲
Other amounts payable47/48€8k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€9k▲
Other operating charges640/8€584€797▲
Gross operating margin9900€15k€29k▲
Operating profit (loss)9901€13k€19k▲
Financial income75/76B€114-
Recurring financial income75€114-
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€11k€17k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€8k€12k▲
Profit (loss) for the period to be appropriated9905€8k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-57k€-53k▲
Profit (loss) brought forward from the previous period14P€-65k€-65k=
Transfer to equity691/2€8k-
To other reserves6921€8k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €29k
Net result €29k after 3 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Nivelles
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de la Croix-Gabriel 321400 NivellesGround area
992 m²
Building footprint
143 m²
Volume, LiDAR
1,022 m³
Parcel 25782C0528/00R000, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0528/00R000 | Wallonia | 992 m² | 1 · 143 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
BUREAU DERU
BE 0728.867.106
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DIM7
BE 1011.027.535
Nivelles · Eq €9,353
TCGIS
BE 1013.842.911
Eupen · Eq €9,063
GEOLAM
BE 0689.564.189
Eghezée · Eq €9,453
IsolAction
BE 0646.672.472
Huy · Eq €8,948
Of 1,758 companies in sector 71122 we hold annual accounts for 770. 365 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
71122Land surveying
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.