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 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BARTCO from Balen, company number BE0788760745, closed financial year 2025 with a result of € 180,752 after tax. For that financial year BARTCO recorded a gross margin of € 240,958 and equity of € 505,750. Compared with financial year 2024, the result moved from € 114,211 to € 180,752. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 505,750
▲ 56% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 180,752
▲ 58% vs 2024
Profit after tax over the fiscal year.
€ 37,525
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 503,750.
People and assets in 2025
€ 9,563
▲ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2 million
▼ 8% vs 2024
€ 184,194 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 4,797
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 95,547
▼ 17% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 314,219 | € 183,838 | € 240,958 | ▲ 31% |
| Profit after taxes | € 208,788 | € 114,211 | € 180,752 | ▲ 58% |
| Equity | € 210,788 | € 324,998 | € 505,750 | ▲ 56% |
| Total debts | € 2,081,447 | € 2,269,860 | € 2,070,576 | ▼ 9% |
| Cash | € 79,716 | € 54,316 | € 37,525 | ▼ 31% |
| Land & buildings | - | € 320,000 | € 320,000 | |
| Retained profit | € 208,788 | € 322,998 | € 503,750 | ▲ 56% |
| Bank debt | € 2,000,591 | € 2,149,138 | € 1,969,542 | ▼ 8% |
| Balance sheet total | € 2,292,235 | € 2,594,858 | € 2,576,327 | ▼ 1% |
Key figures of BARTCO, fiscal years 2023 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 BARTCO?
What happened at BARTCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 180,752 (▲ 58% vs 2024). filed late Source: NBB ↗
- New establishment in Balen. KBO
- Bart Smets became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 208,788 profit in 2023 to € 180,752 profit in 2025.
Paid € 143,929 in corporate taxes since 2023.
Best year ever: 2023, with € 208,788 profit.
Management
Behind BARTCO is Bart Smets. It owns 100% of Fietsen Luc Smets itself.
Directors
According to the 2025 annual accounts
since 2022
Establishments
Establishment units
Physical locations of this company
Astridlaan 13
2490 Balen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0788.760.745
- VAT number
- BE 0788.760.745
- Registered office
- Astridlaan 13, 2490 Balen
- Names & denominations
- BARTCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 2022
- Peppol
- Active · Active since 5 May 2026
- Activities · NACE
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