Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BERTRAND WORK SERVICES from Modave, company number BE0739575213, closed financial year 2025 with a result of € 27,063 after tax. For that financial year BERTRAND WORK SERVICES recorded a gross margin of € 58,757 and equity of € 3,000. Compared with financial year 2024, the result moved from € 13,537 to € 27,063. Profitable, and profit is growing. The buffer shrank hard: equity is 82 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 9, 2026.
€ 3,000
▼ 82% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 27,063
▲ 100% vs 2024
Profit after tax over the fiscal year.
€ 56,575
▲ 27% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 40,600 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 22,085
▼ 15% vs 2024
Of which on lease € 14,917.
Debts at end 2025
€ 15,677
▼ 27% vs 2024
€ 6,518 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1,904
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,261
▲ 44% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 53,534 | € 39,866 | € 39,680 | € 58,757 | ▲ 48% |
| Profit after taxes | € 25,909 | € 16,671 | € 13,537 | € 27,063 | ▲ 100% |
| Equity | € 52,513 | € 69,184 | € 16,537 | € 3,000 | ▼ 82% |
| Total debts | € 54,607 | € 44,396 | € 98,615 | € 104,271 | ▲ 6% |
| Cash | € 44,419 | € 57,206 | € 44,656 | € 56,575 | ▲ 27% |
| Retained profit | € 49,513 | € 66,184 | € 13,537 | € 0 | ▼ 100% |
| Dividend | € 0 | € 0 | € 66,184 | € 40,600 | ▼ 39% |
| Bank debt | € 31,046 | € 27,867 | € 21,400 | € 15,677 | ▼ 27% |
| Balance sheet total | € 107,120 | € 113,579 | € 115,152 | € 107,271 | ▼ 7% |
Key figures of BERTRAND WORK SERVICES, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BERTRAND WORK SERVICES?
What happened at BERTRAND WORK SERVICES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 27,063 (▲ 100% vs 2024). Source: NBB ↗
- Hugues Bertrand became a director. NBB
- Bernard Bertrand became a director. NBB
- Thomas Bertrand became a director. NBB
- New establishment in Modave. KBO
- Nathalie Bonhivers became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 25,909 profit in 2022 to € 27,063 profit in 2025.
Paid € 30,650 in corporate taxes since 2022.
Best year ever: 2025, with € 27,063 profit.
Paid out € 106,784 in dividends to the owners in total.
Management
Behind BERTRAND WORK SERVICES are Bernard Bertrand, Hugues Bertrand, Nathalie Bonhivers and Thomas Bertrand.
Directors
According to the 2025 annual accounts
Bernard Bertrand
Director
since 2023
Hugues Bertrand
Director
since 2023
Nathalie Bonhivers
Administrator-manager
since 2019
Thomas Bertrand
Director
since 2020
Establishments
Establishment units
Physical locations of this company
Rue des Trois Maisons 4
4577 Modave
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0739.575.213
- VAT number
- BE 0739.575.213
- Registered office
- Rue des Trois Maisons 4, 4577 Modave
- Names & denominations
- BERTRAND WORK SERVICES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 December 2019
- Peppol
- Active · Active since 29 Sept 2025
- Activities · NACE
Overige zakelijke dienstverlening, neg
Administratieve en ondersteunende activiteiten ten behoeve van kantoren
Ondersteunende activiteiten in verband met de teelt van gewassen
Ondersteunende activiteiten in verband met de veeteelt
Vervaardiging van machines voor de landbouw en de bosbouw
Overige gespecialiseerde bouwactiviteiten, neg
Diverse administratieve activiteiten ten behoeve van kantoren
Overige gespecialiseerde bouwwerkzaamheden