Summary
HOLDING BORTOLIN is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €4.79M and a net result of €300k. Equity is growing by ~13.3% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
61 d early
2022
59 d early
2021
65 d early
2020
23 d early
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, unclassified schema
Equity
€4.79M▲ 6.7%
2023 · €4.49M
2018: €1.97Mlowest in 7 years
2019: €2.79M▲ +41.4% vs 2018
2020: €3.03M▲ +8.9% vs 2019
2021: €3.29M▲ +8.5% vs 2020
2022: €3.59M▲ +8.9% vs 2021
2023: €4.49M▲ +25.2% vs 2022
2024: €4.79M▲ +6.7% vs 2023highest in 7 years
2018 → 2024
Net result
€300k▼ 66.9%
2023 · €905k
2018: €534k
2019: €817k▲ +52.8% vs 2018
2020: €247k▼ -69.7% vs 2019lowest in 7 years
2021: €257k▲ +3.7% vs 2020
2022: €294k▲ +14.7% vs 2021
2023: €905k▲ +208% vs 2022highest in 7 years
2024: €300k▼ -66.9% vs 2023
2018 → 2024
Total assets
€5.82M▲ 2.2%
2023 · €5.69M
2018: €5.52M
2019: €5.92M▲ +7.3% vs 2018
2020: €5.94M▲ +0.4% vs 2019highest in 7 years
2021: €5.40M▼ -9.1% vs 2020
2022: €5.32M▼ -1.5% vs 2021lowest in 7 years
2023: €5.69M▲ +6.9% vs 2022
2024: €5.82M▲ +2.2% vs 2023
2018 → 2024
Solvency
82.4%▲ 3.4pp
2023 · 78.9%
2018: 35.7%lowest in 7 years
2019: 47.1%▲ +31.8% vs 2018
2020: 51.0%▲ +8.4% vs 2019
2021: 60.9%▲ +19.3% vs 2020
2022: 67.4%▲ +10.6% vs 2021
2023: 78.9%▲ +17.2% vs 2022
2024: 82.4%▲ +4.3% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€539k-€539k=€580k▲ 7.6%€654k▲ 12.9%€637k▼ 2.6%
2020: €539klowest in 5 years
2021: €539k● 0.0% vs 2020lowest in 5 years
2022: €580k▲ +7.6% vs 2021
2023: €654k▲ +12.9% vs 2022highest in 5 years
2024: €637k▼ -2.6% vs 2023
Equity€3.03M-€3.29M▲ 8.5%€3.59M▲ 8.9%€4.49M▲ 25.2%€4.79M▲ 6.7%
2020: €3.03Mlowest in 5 years
2021: €3.29M▲ +8.5% vs 2020
2022: €3.59M▲ +8.9% vs 2021
2023: €4.49M▲ +25.2% vs 2022
2024: €4.79M▲ +6.7% vs 2023highest in 5 years
Operating result€433k-€431k▼ 0.5%€455k▲ 5.8%€425k▼ 6.6%€468k▲ 10.2%
2020: €433k
2021: €431k▼ -0.5% vs 2020
2022: €455k▲ +5.8% vs 2021
2023: €425k▼ -6.6% vs 2022lowest in 5 years
2024: €468k▲ +10.2% vs 2023highest in 5 years
Net result€247k-€257k▲ 3.7%€294k▲ 14.7%€905k▲ 208%€300k▼ 66.9%
2020: €247klowest in 5 years
2021: €257k▲ +3.7% vs 2020
2022: €294k▲ +14.7% vs 2021
2023: €905k▲ +208% vs 2022highest in 5 years
2024: €300k▼ -66.9% vs 2023
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 10% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.82M
Fixed assets
€4.61M =
Current assets
€1.21M ▲ 11.8%
Equity and liabilities €5.82M
Equity
€4.79M ▲ 6.7%
Debt
€1.03M ▼ 14.4%
Debt's share of the balance-sheet total falls from 21.1% to 17.6%. Equity is higher and debt is lower.
Key figures and ratios
ROE
6.3%▼
2023 · 20.2%
ROA
5.2%▼
2023 · 15.9%
Debt ≤ 1 year
€1.03M▼
2023 · €1.20M
Income taxes
€101k▼
2023 · €104k
Staff costs
€94k▼
2023 · €96k
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 · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.69M€5.82M▲
Fixed assets21/28€4.61M€4.61M=
Financial fixed assets28€4.61M€4.61M=
Affiliated companies280/1€4.61M€4.61M=
Participating interests280€4.61M€4.61M=
Current assets29/58€1.08M€1.21M▲
Amounts receivable within one year40/41€780k€20k▼
Other amounts receivable41€780k€20k▼
Cash at bank and in hand54/58€288k€1.18M▲
Deferred charges and accrued income490/1€14k€10k▼
Equity and liabilities
Total equity and liabilities10/49€5.69M€5.82M▲
Equity10/15€4.49M€4.79M▲
Contributions10/11€133k€133k=
Reserves13€4.31M€4.61M▲
Distributable reserves133€4.31M€4.61M▲
Profit (loss) carried forward14€44k€44k▼
Amounts payable17/49€1.20M€1.03M▼
Amounts payable within one year42/48€1.20M€1.03M▼
Current portion of amounts payable after more than one year42€102k-
Financial debts43€34k€40k▲
Credit institutions430/8€34k€40k▲
Trade debts44€1k€580▼
Suppliers440/4€1k€580▼
Taxes, remuneration and social security45€57k€78k▲
Taxes450/3€38k€59k▲
Remuneration and social security454/9€19k€19k▼
Other amounts payable47/48€1.00M€907k▼
Income statement
Code20232024
Operating income70/76A€675k€641k▼
Turnover70€654k€637k▼
Other operating income74€20k€3k▼
Operating charges60/66A€249k€172k▼
Services and other goods61€151k€76k▼
Remuneration, social security and pensions62€96k€94k▼
Other operating charges640/8€2k€2k▼
Operating profit (loss)9901€425k€468k▲
Financial income75/76B€653k€7k▼
Recurring financial income75€653k€7k▼
Income from financial fixed assets750€600k-
Income from current assets751€53k€7k▼
Financial charges65/66B€69k€74k▲
Recurring financial charges65€69k€74k▲
Debt charges650€69k€74k▲
Other financial charges652/9€12-
Profit (loss) for the period before taxes9903€1.01M€401k▼
Income taxes67/77€104k€101k▼
Taxes670/3€104k€101k▼
Profit (loss) for the period9904€905k€300k▼
Profit (loss) for the period to be appropriated9905€905k€300k▼
Appropriation of the result
Profit (loss) to be appropriated9906€944k€344k▼
Profit (loss) brought forward from the previous period14P€39k€44k▲
Transfer to equity691/2€900k€300k▼
To other reserves6921€900k€300k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €539k | €581k | €675k | €641k | ▼ 5.1% |
| Turnover70 | €539k | €539k | €580k | €654k | €637k | ▼ 2.6% |
| Other operating income74 | - | €325 | €1k | €20k | €3k | ▼ 84.1% |
| Operating charges60/66A | - | €108k | €125k | €249k | €172k | ▼ 31.0% |
| Services and other goods61 | - | €49k | €69k | €151k | €76k | ▼ 49.7% |
| Remuneration, social security and pensions62 | - | €59k | €56k | €96k | €94k | ▼ 2.1% |
| Other operating charges640/8 | - | €868 | €968 | €2k | €2k | ▼ 16.9% |
| Operating profit (loss)9901 | €433k | €431k | €455k | €425k | €468k | ▲ 10.2% |
| Financial income75/76B | - | €250 | - | €653k | €7k | ▼ 98.9% |
| Recurring financial income75 | - | €250 | - | €653k | €7k | ▼ 98.9% |
| Income from financial fixed assets750 | - | - | - | €600k | - | - |
| Income from current assets751 | - | €250 | - | €53k | €7k | ▼ 86.9% |
| Financial charges65/66B | - | €89k | €60k | €69k | €74k | ▲ 7.3% |
| Recurring financial charges65 | €101k | €89k | €60k | €69k | €74k | ▲ 7.3% |
| Debt charges650 | €101k | €88k | €60k | €69k | €74k | ▲ 7.4% |
| Other financial charges652/9 | - | €249 | €301 | €12 | - | - |
| Profit (loss) for the period before taxes9903 | €332k | €342k | €395k | €1.01M | €401k | ▼ 60.3% |
| Income taxes67/77 | €84k | €86k | €101k | €104k | €101k | ▼ 2.9% |
| Taxes670/3 | - | €86k | €101k | €104k | €101k | ▼ 2.9% |
| Profit (loss) for the period9904 | €247k | €257k | €294k | €905k | €300k | ▼ 66.9% |
| Profit (loss) for the period to be appropriated9905 | €247k | €257k | €294k | €905k | €300k | ▼ 66.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.94M | €5.40M | €5.32M | €5.69M | €5.82M | ▲ 2.2% |
| Fixed assets21/28 | €4.60M | €4.60M | €4.60M | €4.61M | €4.61M | = |
| Financial fixed assets28 | €4.60M | €4.60M | €4.60M | €4.61M | €4.61M | = |
| Affiliated companies280/1 | - | €4.60M | €4.60M | €4.61M | €4.61M | = |
| Participating interests280 | - | €4.60M | €4.60M | €4.61M | €4.61M | = |
| Current assets29/58 | €1.35M | €807k | €725k | €1.08M | €1.21M | ▲ 11.8% |
| Amounts receivable within one year40/41 | €110k | €33k | €522k | €780k | €20k | ▼ 97.4% |
| Other amounts receivable41 | - | €33k | €522k | €780k | €20k | ▼ 97.4% |
| Cash at bank and in hand54/58 | €1.24M | €763k | €193k | €288k | €1.18M | ▲ 310% |
| Deferred charges and accrued income490/1 | - | €11k | €10k | €14k | €10k | ▼ 27.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.94M | €5.40M | €5.32M | €5.69M | €5.82M | ▲ 2.2% |
| Equity10/15 | €3.03M | €3.29M | €3.59M | €4.49M | €4.79M | ▲ 6.7% |
| Contributions10/11 | €133k | €133k | €133k | €133k | €133k | = |
| Reserves13 | €2.81M | €3.11M | €3.41M | €4.31M | €4.61M | ▲ 7.0% |
| Non-distributable reserves130/1 | - | €13k | €13k | - | - | - |
| Reserves not available under the articles1311 | - | €13k | €13k | - | - | - |
| Distributable reserves133 | - | €3.10M | €3.40M | €4.31M | €4.61M | ▲ 7.0% |
| Profit (loss) carried forward14 | €88k | €45k | €39k | €44k | €44k | ▼ 0.1% |
| Amounts payable17/49 | €2.91M | €2.11M | €1.74M | €1.20M | €1.03M | ▼ 14.4% |
| Amounts payable after more than one year17 | €626k | €367k | €102k | - | - | - |
| Financial debts170/4 | - | €367k | €102k | - | - | - |
| Credit institutions173 | - | €367k | €102k | - | - | - |
| Amounts payable within one year42/48 | €2.28M | €1.75M | €1.63M | €1.20M | €1.03M | ▼ 14.4% |
| Current portion of amounts payable after more than one year42 | - | €259k | €264k | €102k | - | - |
| Financial debts43 | - | - | - | €34k | €40k | ▲ 18.5% |
| Credit institutions430/8 | - | - | - | €34k | €40k | ▲ 18.5% |
| Trade debts44 | €533 | €209 | €19k | €1k | €580 | ▼ 49.9% |
| Suppliers440/4 | - | €209 | €19k | €1k | €580 | ▼ 49.9% |
| Taxes, remuneration and social security45 | - | €37k | €24k | €57k | €78k | ▲ 37.1% |
| Taxes450/3 | - | €23k | €17k | €38k | €59k | ▲ 57.9% |
| Remuneration and social security454/9 | - | €14k | €7k | €19k | €19k | ▼ 3.3% |
| Other amounts payable47/48 | - | €1.45M | €1.33M | €1.00M | €907k | ▼ 9.7% |
| Accrued charges and deferred income492/3 | - | €106 | €868 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €247k | €257k | €294k | €905k | €300k | ▼ 66.9% |
| Operating cash flow (approximation) | €247k | €257k | €294k | €905k | €300k | ▼ 66.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-10k | €0 | ▲ 100% |
| Change in cash | - | €-473k | €-570k | €95k | €891k | ▲ 840% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Highest result since 2018net €905k ▲208%
Net result €905k, the highest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
27-05
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €247k ▼69.7%
Net result drops to €247k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €2MEq €2.79M ▲41.4%
2 profitable years in a row build equity to €2.79M.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Huy · 1 establishment unit since 2013
Ground area
6,625 m²
Building footprint
791 m²
Volume, LiDAR
3,557 m³
Parcel 61061A0286/00N003, Wallonia · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
HOLDING BORTOLIN SPRL
since 20132.221.764.610
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61061A0286/00N003 | Wallonia | 6,625 m² | 1 · 791 m² | 5.8 m · 1 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.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 8,278 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-06-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.