S.P.R.L. BARTHAM
ActiveS.P.R.L. BARTHAM has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €-11k. Equity is shrinking by ~23.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 19% of 123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
22
/ 100
Critical▼ -31 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency19▼-54
Growth32=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.08 against 1.6 in 2024), and 91.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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 26
Relative position
BE, all sectors
reference
Sector 26
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
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 2025Solvency, return and age of the figures
Solvency
8.3%
Return on assets
-29.8%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€11k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 123 sector peers (2025).
NBB · sector comparisonPosition among 123 sector peers
Solvency
better than 19%
← 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 27-08-2026, 27 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
27 d late
2024
20 d late
2023
21 d late
2022
50 d late
2021
31 d late
2020
40 d late
2019
48 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€3k▼ 78.3%
2024 · €14k
2018: €52k
2019: €47k
2020: €48k
2021: €32k
2022: €27k
2023: €19k
2024: €14k
2018 → 2025
Total assets
€37k▲ 0.9%
2024 · €37k
2018: €56k
2019: €50k
2020: €59k
2021: €45k
2022: €48k
2023: €55k
2024: €37k
2018 → 2025
Net result
€-11k▼ 141%
2024 · €-5k
2018: €18k
2019: €-4k
2020: €611
2021: €-16k
2022: €-5k
2023: €-8k
2024: €-5k
2018 → 2025
Working capital
€3k▼ 79.2%
2024 · €14k
2018: €48k
2019: €40k
2020: €43k
2021: €29k
2022: €25k
2023: €19k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€27k▼ 16.0%€19k▼ 30.9%€14k▼ 24.6%€3k▼ 78.3%
Operating result€-15k-€-5k▲ 68.9%€-8k▼ 67.2%€-4k▲ 52.8%€-11k▼ 188%
Net result€-16k-€-5k▲ 66.9%€-8k▼ 62.1%€-5k▲ 45.2%€-11k▼ 141%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€213▼ 50.0%
Current assets
€37k▲ 1.5%
Equity and liabilities €37k
Equity
€3k▼ 78.3%
Debt
€34k▲ 50.2%
The debt ratio rises from 61.6% to 91.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-11k▼
2024 · €-4k
Cash flow
€-11k▼
2024 · €-4k
Solvency
8.3%▼
2024 · 38.4%
Current ratio
1.08▼
2024 · 1.60
Quick ratio
0.88▼
2024 · 1.30
Debt / equity
11.12▲
2024 · 1.61
ROE
-360.8%▼
2024 · -32.6%
ROA
-29.8%▼
2024 · -12.5%
Interest coverage
-61.88▼
2024 · -4.32
Debt
€34k▲
2024 · €23k
Debt ≤ 1 year
€34k▲
2024 · €23k
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€37k€37k▲
Fixed assets21/28€426€213▼
Tangible fixed assets22/27€426€213▼
Furniture and vehicles24€426€213▼
Current assets29/58€36k€37k▲
Stocks and contracts in progress3€7k€7k=
Stocks30/36€7k€7k=
Amounts receivable within one year40/41€29k€30k▲
Trade receivables40€29k€29k▲
Other amounts receivable41€768€349▼
Cash at bank and in hand54/58€186€154▼
Equity and liabilities
Total equity and liabilities10/49€37k€37k▲
Equity10/15€14k€3k▼
Contributions10/11€31k€31k=
Capital10€31k€31k=
Issued capital100€31k€31k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-20k€-31k▼
Amounts payable17/49€23k€34k▲
Amounts payable within one year42/48€23k€34k▲
Trade debts44€922€1k▲
Suppliers440/4€922€1k▲
Other amounts payable47/48€22k€33k▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€213€213=
Other operating charges640/8€691€2k▲
Gross operating margin9900€-3k€-8k▼
Operating profit (loss)9901€-4k€-11k▼
Financial charges65/66B€822€172▼
Recurring financial charges65€822€172▼
Profit (loss) for the period before taxes9903€-5k€-11k▼
Profit (loss) for the period9904€-5k€-11k▼
Transfer from tax-exempt reserves789€13k-
Profit (loss) for the period to be appropriated9905€8k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-31k▼
Profit (loss) brought forward from the previous period14P€-28k€-20k▲
The notes to these accounts (3 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 50 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-16k ▼2648%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
2020
31-12
Financial
Back to profitnet €611
Net result €611 after one loss-making year.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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, Grez-Doiceau · 1 establishment unit since 1983
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.
Chaussée de Wavre 1981390 Grez-DoiceauGround area
688 m²
Building footprint
76 m²
Volume, LiDAR
520 m³
Parcel 25001C0040/00T000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BARTHAM
since 19832.021.832.465
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001C0040/00T000 | Wallonia | 688 m² | 1 · 75 m² | 8.4 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.
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INNERSYNC
BE 1027.508.726
Faimes · Eq €1k
Of 147 companies in sector 26400 we hold annual accounts for 83. 20 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded04-02-1983
Fiscal year end31-12
Abbreviation NL
BARTHAM
Activities, NACEBEL
26400Manufacture of computer, electronic and optical products
32300
25999Manufacture of fabricated metal products, except machinery and equipment
28120Manufacture of machinery and equipment not elsewhere classified
29120
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:010/229975