Georges Bertrand et Cie
ActiveGeorges Bertrand et Cie has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €125k and a net result of €-7k. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 95% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability12▲+9
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 20.79 against 18.98 in 2023; short-term debt: 4.3% and cash: 0.1% of total assets), and 4.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
95.5%
Return on assets
-5.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-7k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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
not confirmed
2024
54 d late
2023
92 d late
2022
146 d late
2021
92 d late
2020
201 d late
2019
565 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-7k▲ 57.6%
2023 · €-18k
2018: €8k
2019: €2k
2020: €-3k
2021: €75k
2022: €-16k
2023: €-18k
2018 → 2024
Working capital
€112k▼ 2.7%
2023 · €115k
2018: €70k
2019: €72k
2020: €69k
2021: €144k
2022: €128k
2023: €115k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€91k-€166k▲ 82.9%€150k▼ 9.6%€132k▼ 11.8%€125k▼ 5.7%
Operating result€9k-€106k▲ 1,040%€-16k€-24k▼ 53.3%€-16k▲ 35.0%
Net result€-3k-€75k€-16k€-18k▼ 10.6%€-7k▲ 57.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2024 against €24k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131k
Fixed assets
€13k▼ 25.0%
Current assets
€118k▼ 3.2%
Equity and liabilities €131k
Equity
€125k▼ 5.7%
Debt
€6k▼ 11.1%
The debt ratio falls from 4.8% to 4.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-11k▲
2023 · €-20k
Cash flow
€-3k▲
2023 · €-13k
Solvency
95.5%▲
2023 · 95.2%
Current ratio
20.79▲
2023 · 18.98
Quick ratio
20.32▲
2023 · 18.98
Debt / equity
0.05▼
2023 · 0.05
ROE
-6.0%▲
2023 · -13.3%
ROA
-5.7%▲
2023 · -12.7%
Interest coverage
-64.68▲
2023 · -119.69
Debt
€6k▼
2023 · €7k
Debt ≤ 1 year
€6k▼
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€139k€131k▼
Fixed assets21/28€17k€13k▼
Tangible fixed assets22/27€17k€13k▼
Furniture and vehicles24€17k€13k▼
Current assets29/58€122k€118k▼
Stocks and contracts in progress3-€3k
Stocks30/36-€3k
Amounts receivable within one year40/41€122k€115k▼
Trade receivables40€1k-
Other amounts receivable41€120k€115k▼
Cash at bank and in hand54/58€6€125▲
Equity and liabilities
Total equity and liabilities10/49€139k€131k▼
Equity10/15€132k€125k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€17k€13k▼
Reserves13€6k€11k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€4k€9k▲
Profit (loss) carried forward14€90k€82k▼
Amounts payable17/49€7k€6k▼
Amounts payable within one year42/48€6k€6k▼
Trade debts44€2k€737▼
Suppliers440/4€2k€737▼
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Accrued charges and deferred income492/3€244€250▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€3k€2k▼
Gross operating margin9900€-17k€-9k▲
Operating profit (loss)9901€-24k€-16k▲
Financial income75/76B€7k€8k▲
Recurring financial income75€7k€8k▲
Financial charges65/66B€166€177▲
Recurring financial charges65€166€177▲
Profit (loss) for the period before taxes9903€-18k€-7k▲
Profit (loss) for the period9904€-18k€-7k▲
Profit (loss) for the period to be appropriated9905€-18k€-7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€90k€82k▼
Profit (loss) brought forward from the previous period14P€107k€90k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity quadruplescurrent ratio 18.98
Current ratio from 4.90 to 18.98; short-term debt falls from €33k to €6k.
24-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 146 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 201 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 565 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 1296 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 1661 days late
16-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 2026 days late
2021
31-12
Financial
Back to profitnet €75k
Net result €75k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 5.89
Current ratio from 1.18 to 5.89; short-term debt falls from €387k to €29k.
31-12
Financial
Equity above €150kEq €166k ▲82.9%
Equity rises from €91k to €166k.
2019
20-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 81 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Donceel · 1 establishment unit since 1981
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 du Moulin 664357 DonceelGround area
1,000 m²
Building footprint
85 m²
Volume, LiDAR
512 m³
Parcel 64023A0684/00A000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Moulin 65, 4357 Donceel
since 19812.019.396.082
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64023A0684/00A000 | Wallonia | 1,000 m² | 1 · 85 m² | 7.9 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
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SPRL MAISON MALONGRE
BE 0534.739.224
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TFC Trading & Transport
BE 0839.411.967
Hoogstraten · Eq €130k
Of 840 companies in sector 46810 we hold annual accounts for 473. 300 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-09-1981
Fiscal year end31-12
Activities, NACEBEL
46810Wholesale of solid, liquid and gaseous fuels and related products
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
52481
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.