Handelsonderneming Bertels
ActiveHandelsonderneming Bertels has been active since 1969 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.57M and a net result of €297k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 94% of 2031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability58▲+42
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €260k at 30 days acceptable
Liquidity ample (current ratio 6.43 against 5.51 in 2024), and 12.6% 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
87.4%
Return on assets
10.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
22 d late
2023
30 d late
2022
144 d late
2021
30 d late
2020
31 d late
2019
143 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€297k▲ 312%
2024 · €72k
2018: €-185k
2019: €200k
2020: €30k
2021: €299k
2022: €145k
2023: €368k
2024: €72k
2018 → 2025
Working capital
€1.95M▲ 22.1%
2024 · €1.59M
2018: €77k
2019: €371k
2020: €493k
2021: €908k
2022: €1.00M
2023: €1.46M
2024: €1.59M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.69M-€1.84M▲ 8.5%€2.21M▲ 20.0%€2.28M▲ 3.3%€2.57M▲ 13.0%
Operating result€270k-€98k▼ 63.6%€318k▲ 223%€139k▼ 56.4%€247k▲ 78.2%
Net result€299k-€145k▼ 51.6%€368k▲ 155%€72k▼ 80.5%€297k▲ 312%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 78% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.95M
Fixed assets
€642k▼ 8.3%
Current assets
€2.31M▲ 18.3%
Equity and liabilities €2.95M
Equity
€2.57M▲ 13.0%
Debt
€372k▲ 0.8%
The debt ratio falls from 13.9% to 12.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€336k▲
2024 · €226k
Cash flow
€385k▲
2024 · €159k
Solvency
87.4%▲
2024 · 86.1%
Current ratio
6.43▲
2024 · 5.51
Quick ratio
6.16▲
2024 · 5.10
Debt / equity
0.14▼
2024 · 0.16
ROE
11.5%▲
2024 · 3.2%
ROA
10.1%▲
2024 · 2.7%
Interest coverage
37.25▲
2024 · 20.24
Debt
€372k▲
2024 · €369k
Debt ≤ 1 year
€359k▲
2024 · €354k
Income taxes
€26k▲
2024 · €6k
Staff costs
€298k▲
2024 · €290k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.65M€2.95M▲
Fixed assets21/28€699k€642k▼
Tangible fixed assets22/27€697k€640k▼
Land and buildings22€541k€530k▼
Plant, machinery and equipment23€117k€83k▼
Furniture and vehicles24€39k€27k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.95M€2.31M▲
Stocks and contracts in progress3€144k€98k▼
Stocks30/36€144k€98k▼
Amounts receivable within one year40/41€1.14M€1.56M▲
Trade receivables40€624k€794k▲
Other amounts receivable41€517k€762k▲
Cash at bank and in hand54/58€639k€623k▼
Deferred charges and accrued income490/1€24k€28k▲
Equity and liabilities
Total equity and liabilities10/49€2.65M€2.95M▲
Equity10/15€2.28M€2.57M▲
Contributions10/11€512k€512k=
Capital10€512k€512k=
Issued capital100€512k€512k=
Reserves13€1.77M€2.06M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€1.74M€2.04M▲
Amounts payable17/49€369k€372k▲
Amounts payable within one year42/48€354k€359k▲
Current portion of amounts payable after more than one year42€26k€155k▲
Trade debts44€135k€63k▼
Suppliers440/4€135k€63k▼
Advances received on contracts in progress46€26k€4k▼
Taxes, remuneration and social security45€84k€71k▼
Taxes450/3€43k€30k▼
Remuneration and social security454/9€42k€41k▼
Other amounts payable47/48€82k€66k▼
Accrued charges and deferred income492/3€15k€13k▼
Income statement
Code20242025
Non-recurring operating income76A€2k-
Remuneration, social security and pensions62€290k€298k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€88k▲
Other operating charges640/8€32k€34k▲
Gross operating margin9900€548k€667k▲
Operating profit (loss)9901€139k€247k▲
Financial income75/76B€144k€84k▼
Recurring financial income75€144k€84k▼
Non-recurring financial income76B€80-
Financial charges65/66B€205k€9k▼
Recurring financial charges65€11k€9k▼
Non-recurring financial charges66B€194k-
Profit (loss) for the period before taxes9903€78k€322k▲
Income taxes67/77€6k€26k▲
Profit (loss) for the period9904€72k€297k▲
Profit (loss) for the period to be appropriated9905€72k€297k▲
Appropriation of the result
Profit (loss) to be appropriated9906€72k€297k▲
Transfer to equity691/2€72k€297k▲
To other reserves6921€72k€297k▲
Social balance
Average headcount (FTE)90873.83.8=
The notes to these accounts (5 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €368k ▲155%
Operating result €318k, net result €368k, both a record.
31-12
Financial
Equity above €2MEq €2.21M ▲20%
5 profitable years in a row build equity to €2.21M.
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 144 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 143 days late
2019
31-12
Financial
Back to profitnet €200k
Net result €200k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herselt · 1 establishment unit since 1970
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.
Provinciebaan 342230 HerseltGround area
2,096 m²
Building footprint
741 m²
Volume, LiDAR
4,127 m³
Parcel 13013A0049/00E002, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Provinciebaan 34, 2230 Herselt
since 19702.038.851.215
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13013A0049/00E002 | Flanders | 2,096 m² | 1 · 741 m² | 9.4 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
ALBO.PRODUCT
BE 0534.721.903
Herstal · Eq €2.58M
D.G. Verandabouw
BE 0879.127.925
Malle · Eq €2.57M
A.C. CONSTRUCT
BE 0467.212.475
Zwevegem · Eq €2.58M
Profitramen
BE 0448.986.472
Lint · Eq €2.58M
VAN HOLME
BE 0834.746.168
Lo-Reninge · Eq €2.56M
Of 19,948 companies in sector 43320 we hold annual accounts for 9,084. 2,338 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-07-1969
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
47540Retail sale of electrical household appliances
52121
52450
47120Other non-specialised retail sale
47192Retail trade
47521Retail sale of hardware, building materials, paint and glass (general range)
47551Retail sale of household furniture
47591Retail trade
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.