Thomas Bertels
ActiveThomas Bertels has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149k and a net result of €59k. Equity is growing by ~55.4% per year across the filed fiscal years. Its solvency ranks better than 85% of 9388 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.59 against 4.68 in 2024; short-term debt: 14% and cash: 21% of total assets), and 14% 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
86%
Return on assets
33.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-03-2026, 144 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
144 d early
2024
136 d early
2023
26 d early
2022
28 d early
2021
30 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€149k▲ 65.0%
2024 · €90k
2021: €24k
2022: €56k
2023: €45k
2024: €90k
2021 → 2025
Total assets
€173k▲ 56.4%
2024 · €110k
2021: €57k
2022: €111k
2023: €76k
2024: €110k
2021 → 2025
Net result
€59k▲ 29.7%
2024 · €45k
2021: €22k
2022: €32k
2023: €-11k
2024: €45k
2021 → 2025
Working capital
€38k▼ 48.6%
2024 · €75k
2021: €10k
2022: €46k
2023: €32k
2024: €75k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€24k-€56k▲ 132%€45k▼ 19.6%€90k▲ 100%€149k▲ 65.0%
Operating result€32k-€40k▲ 25.0%€-10k€57k€77k▲ 34.0%
Net result€22k-€32k▲ 43.6%€-11k€45k€59k▲ 29.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 34% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €173k
Fixed assets
€110k▲ 621%
Current assets
€63k▼ 34.2%
Equity and liabilities €173k
Equity
€149k▲ 65.0%
Debt
€24k▲ 18.7%
The debt ratio falls from 18.4% to 14.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€83k▲
2024 · €63k
Cash flow
€65k▲
2024 · €51k
Solvency
86.0%▲
2024 · 81.6%
Current ratio
2.59▼
2024 · 4.68
Quick ratio
2.59▼
2024 · 4.68
Debt / equity
0.16▼
2024 · 0.23
ROE
39.4%▼
2024 · 50.1%
ROA
33.9%▼
2024 · 40.8%
Interest coverage
63.97▲
2024 · 63.45
Debt
€24k▲
2024 · €20k
Debt ≤ 1 year
€24k▲
2024 · €20k
Income taxes
€17k▲
2024 · €11k
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€110k€173k▲
Fixed assets21/28€15k€110k▲
Tangible fixed assets22/27€15k€10k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€12k€8k▼
Financial fixed assets28-€100k
Current assets29/58€95k€63k▼
Amounts receivable within one year40/41€40k€26k▼
Trade receivables40€37k€23k▼
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€54k€36k▼
Deferred charges and accrued income490/1€705€724▲
Equity and liabilities
Total equity and liabilities10/49€110k€173k▲
Equity10/15€90k€149k▲
Contributions10/11€2k€2k=
Reserves13€88k€147k▲
Distributable reserves133€88k€147k▲
Amounts payable17/49€20k€24k▲
Amounts payable within one year42/48€20k€24k▲
Current portion of amounts payable after more than one year42€4k-
Trade debts44€100€6k▲
Suppliers440/4€100€6k▲
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€5k€8k▲
Remuneration and social security454/9€1k-
Other amounts payable47/48€11k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€951€1k▲
Gross operating margin9900€64k€84k▲
Operating profit (loss)9901€57k€77k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€993€1k▲
Recurring financial charges65€993€1k▲
Profit (loss) for the period before taxes9903€56k€76k▲
Income taxes67/77€11k€17k▲
Profit (loss) for the period9904€45k€59k▲
Profit (loss) for the period to be appropriated9905€45k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€34k€59k▲
Profit (loss) brought forward from the previous period14P€-11k-
Transfer to equity691/2€34k€59k▲
To other reserves6921€34k€59k▲
The notes to these accounts (7 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
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €59k ▲29.7%
Operating result €77k, net result €59k, both a record.
31-12
Financial
Equity above €100kEq €149k ▲65%
2 profitable years in a row build equity to €149k.
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €45k
Net result €45k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 4.68
Current ratio from 2.17 to 4.68; short-term debt falls from €27k to €20k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-11k ▼134%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Hasselt · 1 establishment unit since 2020
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.
Veldstraat 563500 HasseltGround area
294 m²
Building footprint
92 m²
Volume, LiDAR
463 m³
Parcel 71325F0727/00W002, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Thomas Bertels
since 20202.304.663.481
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71325F0727/00W002 | Flanders | 294 m² | 1 · 92 m² | 9.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 725 EUR awarded · 725 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 725 EUR | 725 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,557. 5,226 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
42110Construction of roads and motorways
42120Civil engineering
42130Civil engineering
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.