ALHR
ActiveSummary
ALHR has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82k and a net result of €9k. Equity is growing by ~26.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-8
Solvency68▼-18
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 2.57 in 2024; short-term debt: 55% and cash: 14.3% of total assets), but 56.5% of the assets are financed with debt.
Credit check 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
43.5%
Return on assets
4.8%
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 20-05-2026, 72 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
72 d early
2024
19 d late
2023
16 d late
2022
10 d early
2021
11 d early
2020
16 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€82k▼ 27.5%
2024 · €112k
2020: €12klowest in 6 years
2021: €52k▲ +327% vs 2020
2022: €74k▲ +42.5% vs 2021
2023: €99k▲ +35.2% vs 2022
2024: €112k▲ +13.0% vs 2023highest in 6 years
2025: €82k▼ -27.5% vs 2024
2020 → 2025
Total assets
€188k▲ 1.2%
2024 · €185k
2020: €81klowest in 6 years
2021: €128k▲ +57.8% vs 2020
2022: €146k▲ +13.4% vs 2021
2023: €169k▲ +15.9% vs 2022
2024: €185k▲ +9.7% vs 2023
2025: €188k▲ +1.2% vs 2024highest in 6 years
2020 → 2025
Net result
€9k▼ 34.1%
2024 · €14k
2020: €10k
2021: €40k▲ +312% vs 2020highest in 6 years
2022: €22k▼ -44.4% vs 2021
2023: €26k▲ +17.8% vs 2022
2024: €14k▼ -46.7% vs 2023
2025: €9k▼ -34.1% vs 2024lowest in 6 years
2020 → 2025
Working capital
€77k▼ 27.4%
2024 · €106k
2020: €106lowest in 6 years
2021: €48k▲ +44855% vs 2020
2022: €59k▲ +23.6% vs 2021
2023: €86k▲ +46.7% vs 2022
2024: €106k▲ +22.4% vs 2023highest in 6 years
2025: €77k▼ -27.4% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€74k▲ 42.5%€99k▲ 35.2%€112k▲ 13.0%€82k▼ 27.5%
2021: €52klowest in 5 years
2022: €74k▲ +42.5% vs 2021
2023: €99k▲ +35.2% vs 2022
2024: €112k▲ +13.0% vs 2023highest in 5 years
2025: €82k▼ -27.5% vs 2024
Operating result€56k-€30k▼ 46.7%€36k▲ 22.1%€22k▼ 38.4%€18k▼ 21.5%
2021: €56khighest in 5 years
2022: €30k▼ -46.7% vs 2021
2023: €36k▲ +22.1% vs 2022
2024: €22k▼ -38.4% vs 2023
2025: €18k▼ -21.5% vs 2024lowest in 5 years
Net result€40k-€22k▼ 44.4%€26k▲ 17.8%€14k▼ 46.7%€9k▼ 34.1%
2021: €40khighest in 5 years
2022: €22k▼ -44.4% vs 2021
2023: €26k▲ +17.8% vs 2022
2024: €14k▼ -46.7% vs 2023
2025: €9k▼ -34.1% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188k
Fixed assets
€8k ▼ 38.1%
Current assets
€180k ▲ 4.1%
Equity and liabilities €188k
Equity
€82k ▼ 27.5%
Debt
€106k ▲ 45.6%
Debt's share of the balance-sheet total rises from 39.3% to 56.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€26k▼
2024 · €36k
Cash flow
€17k▼
2024 · €27k
Current ratio
1.74▼
2024 · 2.57
Debt to equity
1.30▲
2024 · 0.65
ROE
11.1%▼
2024 · 12.3%
ROA
4.8%▼
2024 · 7.4%
Interest coverage
5.37▼
2024 · 9.34
Debt ≤ 1 year
€103k▲
2024 · €67k
Income taxes
€4k▼
2024 · €5k
Staff costs
€105k▲
2024 · €68k
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 · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€185k€188k▲
Fixed assets21/28€12k€8k▼
Intangible fixed assets21€5k-
Tangible fixed assets22/27€6k€6k▼
Furniture and vehicles24€5k€6k▲
Other tangible fixed assets26€2k€113▼
Financial fixed assets28€1k€1k=
Current assets29/58€173k€180k▲
Amounts receivable within one year40/41€57k€78k▲
Trade receivables40€47k€70k▲
Other amounts receivable41€10k€7k▼
Current investments50/53-€60k
Cash at bank and in hand54/58€104k€27k▼
Deferred charges and accrued income490/1€12k€16k▲
Equity and liabilities
Total equity and liabilities10/49€185k€188k▲
Equity10/15€112k€82k▼
Contributions10/11€3k€3k=
Reserves13€40k€40k=
Distributable reserves133€40k€40k=
Profit (loss) carried forward14€70k€40k▼
Amounts payable17/49€73k€106k▲
Amounts payable within one year42/48€67k€103k▲
Trade debts44€15k€15k▲
Suppliers440/4€15k€15k▲
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€954€2k▲
Remuneration and social security454/9€9k€7k▼
Other amounts payable47/48€43k€79k▲
Accrued charges and deferred income492/3€6k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€68k€105k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€8k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-903-
Other operating charges640/8€3k€1k▼
Gross operating margin9900€106k€132k▲
Operating profit (loss)9901€22k€18k▼
Financial income75/76B€6€460▲
Recurring financial income75€6€460▲
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€18k€13k▼
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€14k€9k▼
Profit (loss) for the period to be appropriated9905€14k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€80k▲
Profit (loss) brought forward from the previous period14P€57k€70k▲
Profit to be distributed694/7€833€40k▲
Return on contributions (dividend)694€833€40k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €5k | €20k | €75k | €68k | €105k | ▲ 53.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €13k | €13k | €14k | €8k | ▼ 40.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3k | €-188 | €-903 | - | - |
| Other operating charges640/8 | €40 | €50 | €1k | €3k | €1k | ▼ 57.2% |
| Gross operating margin9900 | €72k | €65k | €125k | €106k | €132k | ▲ 24.0% |
| Operating profit (loss)9901 | €56k | €30k | €36k | €22k | €18k | ▼ 21.5% |
| Financial income75/76B | €6 | €0 | €0 | €6 | €460 | ▲ 7,564% |
| Recurring financial income75 | €6 | €0 | €0 | €6 | €460 | ▲ 7,564% |
| Financial charges65/66B | €528 | €1k | €3k | €4k | €5k | ▲ 24.2% |
| Recurring financial charges65 | €528 | €1k | €3k | €4k | €5k | ▲ 24.2% |
| Profit (loss) for the period before taxes9903 | €55k | €28k | €34k | €18k | €13k | ▼ 28.6% |
| Income taxes67/77 | €16k | €6k | €8k | €5k | €4k | ▼ 12.1% |
| Profit (loss) for the period9904 | €40k | €22k | €26k | €14k | €9k | ▼ 34.1% |
| Profit (loss) for the period to be appropriated9905 | €40k | €22k | €26k | €14k | €9k | ▼ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128k | €146k | €169k | €185k | €188k | ▲ 1.2% |
| Fixed assets21/28 | €44k | €36k | €25k | €12k | €8k | ▼ 38.1% |
| Intangible fixed assets21 | €35k | €25k | €15k | €5k | - | - |
| Tangible fixed assets22/27 | €10k | €10k | €9k | €6k | €6k | ▼ 2.2% |
| Furniture and vehicles24 | €2k | €4k | €6k | €5k | €6k | ▲ 35.2% |
| Other tangible fixed assets26 | €8k | €6k | €4k | €2k | €113 | ▼ 94.0% |
| Financial fixed assets28 | €101 | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €84k | €110k | €144k | €173k | €180k | ▲ 4.1% |
| Amounts receivable within one year40/41 | €25k | €39k | €54k | €57k | €78k | ▲ 36.5% |
| Trade receivables40 | €25k | €30k | €52k | €47k | €70k | ▲ 49.3% |
| Other amounts receivable41 | €245 | €9k | €2k | €10k | €7k | ▼ 25.3% |
| Current investments50/53 | - | - | - | - | €60k | - |
| Cash at bank and in hand54/58 | €56k | €68k | €84k | €104k | €27k | ▼ 74.3% |
| Deferred charges and accrued income490/1 | €3k | €3k | €5k | €12k | €16k | ▲ 30.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128k | €146k | €169k | €185k | €188k | ▲ 1.2% |
| Equity10/15 | €52k | €74k | €99k | €112k | €82k | ▼ 27.5% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €40k | €40k | €40k | €40k | €40k | = |
| Distributable reserves133 | €40k | €40k | €40k | €40k | €40k | = |
| Profit (loss) carried forward14 | €10k | €32k | €57k | €70k | €40k | ▼ 43.9% |
| Amounts payable17/49 | €77k | €72k | €69k | €73k | €106k | ▲ 45.6% |
| Amounts payable after more than one year17 | €40k | €20k | €10k | - | - | - |
| Other amounts payable178/9 | €40k | €20k | €10k | - | - | - |
| Amounts payable within one year42/48 | €36k | €51k | €57k | €67k | €103k | ▲ 53.5% |
| Trade debts44 | €10k | €5k | €1k | €15k | €15k | ▲ 0.5% |
| Suppliers440/4 | €10k | €5k | €1k | €15k | €15k | ▲ 0.5% |
| Taxes, remuneration and social security45 | €11k | €11k | €13k | €10k | €9k | ▼ 4.6% |
| Taxes450/3 | €10k | €8k | €12k | €954 | €2k | ▲ 82.7% |
| Remuneration and social security454/9 | €537 | €3k | €1k | €9k | €7k | ▼ 14.3% |
| Other amounts payable47/48 | €16k | €35k | €43k | €43k | €79k | ▲ 84.4% |
| Accrued charges and deferred income492/3 | €491 | €1k | €2k | €6k | €3k | ▼ 48.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40k | €22k | €26k | €14k | €9k | ▼ 34.1% |
| + Depreciation and write-downs630 | €12k | €13k | €13k | €14k | €8k | ▼ 40.0% |
| Operating cash flow (approximation) | €52k | €35k | €39k | €27k | €17k | ▼ 37.0% |
| Investment in fixed assets (approximation) | - | €-4k | €-3k | €-679 | €-3k | ▼ 410% |
| Change in cash | - | €12k | €16k | €20k | €-77k | ▼ 493% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €9k ▼34.1%
Net result drops to €9k, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Equity above €100kEq €112k ▲13%
5 profitable years in a row build equity to €112k.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €40k ▲312%
Operating result €56k, net result €40k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.31
Current ratio from 1.00 to 2.31.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Liège · 1 establishment unit since 2020
Ground area
1,292 m²
Building footprint
403 m²
Volume, LiDAR
3,989 m³
2 parcels, Wallonia · tallest building 21.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ALHR
since 20202.304.437.710
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62030A0172/00M000 | Wallonia | 1,130 m² | 1 · 347 m² | 21.4 m · 3 fl. |
| 62047C1249/00K002 | Wallonia | 162 m² | 1 · 56 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,169 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.