BARTH ET FILS
ActiveSummary
BARTH ET FILS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €39k and a net result of €32k. Equity is shrinking by ~15.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability50▲+36
Solvency30▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.26 against 0.13 in 2023; short-term debt: 49.6% and cash: 3.1% of total assets), and 95.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Sector 31
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
4.9%
Return on assets
4.1%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-09-2025, 53 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
53 d late
2023
1 d early
2022
119 d early
2021
108 d early
2020
134 d early
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, unclassified schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€32k
2023 · €-118k
2018: €72k
2019: €46k
2020: €-86k
2021: €12k
2022: €25k
2023: €-118k
2018 → 2024
Working capital
€-288k▲ 8.0%
2023 · €-313k
2018: €-51k
2019: €-204k
2020: €-209k
2021: €-45k
2022: €-214k
2023: €-313k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€118k-€127k▲ 7.5%€149k▲ 17.5%€29k▼ 80.5%€39k▲ 33.5%
Operating result€-60k-€46k€-394k€-85k▲ 78.4%€46k
Net result€-86k-€12k€25k▲ 110%€-118k€32k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €46k after a loss of €85k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €785k
Fixed assets
€684k ▼ 43.1%
Current assets
€102k ▲ 121%
Equity and liabilities €785k
Equity
€39k ▲ 33.5%
Debt
€747k ▼ 38.8%
Debt's share of the balance-sheet total falls from 97.7% to 95.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€115k▲
2023 · €29k
Cash flow
€101k▲
2023 · €-3k
Current ratio
0.26▲
2023 · 0.13
Quick ratio
0.25▲
2023 · 0.12
Debt to equity
19.24▼
2023 · 41.95
ROE
82.9%▲
2023 · -404.4%
ROA
4.1%▲
2023 · -9.4%
Interest coverage
3.09▲
2023 · 0.81
Debt ≤ 1 year
€390k▲
2023 · €359k
Debt > 1 year
€353k▼
2023 · €855k
Income taxes
€1k▼
2023 · €1k
Staff costs
€49k▲
2023 · €43k
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€1.25M€785k▼
Fixed assets21/28€1.20M€684k▼
Tangible fixed assets22/27€1.20M€684k▼
Land and buildings22€1.15M€666k▼
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€46k€16k▼
Current assets29/58€46k€102k▲
Stocks and contracts in progress3€5k€5k▲
Stocks30/36€5k€5k▲
Amounts receivable within one year40/41€22k€55k▲
Trade receivables40€270€6k▲
Other amounts receivable41€22k€49k▲
Cash at bank and in hand54/58€7k€24k▲
Deferred charges and accrued income490/1€13k€18k▲
Equity and liabilities
Total equity and liabilities10/49€1.25M€785k▼
Equity10/15€29k€39k▲
Contributions10/11€6k€6k=
Reserves13€116k€116k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€114k€114k=
Profit (loss) carried forward14€-115k€-83k▲
Investment grants15€22k-
Amounts payable17/49€1.22M€747k▼
Amounts payable after more than one year17€855k€353k▼
Financial debts170/4€855k€353k▼
Amounts payable within one year42/48€359k€390k▲
Current portion of amounts payable after more than one year42€111k€78k▼
Financial debts43€87k€22k▼
Credit institutions430/8€87k€22k▼
Trade debts44€141k€181k▲
Suppliers440/4€141k€181k▲
Taxes, remuneration and social security45€19k€109k▲
Taxes450/3€8k€103k▲
Remuneration and social security454/9€12k€6k▼
Accrued charges and deferred income492/3€5k€5k▼
Income statement
Code20232024
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€43k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€69k▼
Other operating charges640/8€11k€8k▼
Non-recurring operating charges66A€47k€17k▼
Gross operating margin9900€130k€189k▲
Operating profit (loss)9901€-85k€46k▲
Financial income75/76B€5k€24k▲
Recurring financial income75€5k€24k▲
Financial charges65/66B€36k€37k▲
Recurring financial charges65€36k€37k▲
Profit (loss) for the period before taxes9903€-116k€33k▲
Income taxes67/77€1k€1k▼
Profit (loss) for the period9904€-118k€32k▲
Profit (loss) for the period to be appropriated9905€-118k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-115k€-83k▲
Profit (loss) brought forward from the previous period14P€2k€-115k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 53 days late
2024
31-12
Financial
Back to profitnet €32k
Net result €32k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
31-12
Financial
Weakest financial yearnet €-118k ▼569%
Net result drops to €-118k, the lowest in the series; recovery starts the following year.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Eupen · 1 establishment unit since 2015
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.
Hütte 604700 Eupen1 establishment unit
BARTH & Fils
since 20152.292.221.846
Similar companies · same sector, comparable size
PEPPAR
BE 0721.735.032
Poperinge · Eq €38,642
WIM JACOBS
BE 0824.448.134
Brecht · Eq €39,209
INKETO
BE 0781.328.862
Hasselt · Eq €38,185
RAMO’S
BE 0795.922.414
Gent · Eq €39,912
De Meubelmakerij
BE 0741.444.442
Antwerpen · Eq €40,317
Of 619 companies in sector 31002 we hold annual accounts for 349. 225 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2000
Fiscal year end31-12
Activities, NACEBEL 2025
31002Manufacture of furniture
43320Joinery installation
31004Manufacture of dining room, living room, bedroom and bathroom furniture
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filings
Scores and ratios are computed by Checked and are not a credit decision.