Financials
- Fiscal year
- 2026
- Total assets
- €41,821
- Loss
- -€4,547
- Solvency
- 63.9%
Total assets▼ 21.3%
Net result
20192026
B.H.D.
ActiveSummary
B.H.D. has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €26,717 and a net result of -€4,547. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 55% of 171 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Agents in non-specialised wholesale trade
NACE 46190NACE 51190
#6 oldest company in Montigny-le-Tilleul, Wholesale and retail trade sector1 site
Size
€41,821total assets 2026
- Equity
- €26,717
- Loss
- -€4,547
Turnover not published (abridged schema)
Structure
Accounts 54 d early0 of 2 deeds read
Why 87- Loss of €4,547, the second in a row (FY 2026)+ Founded in 1994+ Liquidity: current ratio 2.92, cash €6,300+ Equity €26,717 (63.9% of total assets)Show the evidence
Checked score
Score 2026
87
/ 100
Excellent
Probability in this band: under 0.55%
Better than 45% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2025
Average
Solvency
89+5
equity 63.9% of total assets
Liquidity
55-3
short-term debt 32.3% · cash 15.1%
Profitability
36-23
return on assets -10.9%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 12 months
11-2025: 0.2%
12-2025: 0.2%● 0.0% vs 11-2025
01-2026: 0.2%● 0.0% vs 12-2025
02-2026: 0.2%● 0.0% vs 01-2026
03-2026: 0.2%● 0.0% vs 02-2026
04-2026: 0.2%▼ -1.0% vs 03-2026
05-2026: 0.2%● 0.0% vs 04-2026
06-2026: 0.2%● 0.0% vs 05-2026
07-2026: 0.2%▼ -7.9% vs 06-2026
08-2026: 0.2%● 0.0% vs 07-2026
09-2026: 0.2%▼ -2.9% vs 08-2026lowest value
10-2026: 0.2%▲ +32.4% vs 09-2026highest value
- Founded in 1994 lowers the probability for this profile
- Loss of €4,547, the second in a row (FY 2026) raises the probability
- Liquidity: current ratio 2.92, cash €6,300 lowers the probability
- Equity €26,717 (63.9% of total assets) lowers the probability
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.92 against 2.75 in 2025; short-term debt: 32.3% and cash: 15.1% of total assets), and 36.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 70%, liquidity 60%, profitability 29%, growth against the median 22%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€4,547
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 07-09-2026, 54 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
54 d early
2025
31 d early
2024
17 d early
2023
60 d early
2022
4 d late
2021
5 d early
2020
9 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 30 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-03-2027 close31-10-2027 deadline
- Annual accounts filedfiscal year 2026 · micro…
- Weakest financial yearnet -€4,547
- Annual accounts filedfiscal year 2025 · micro…
Key points
By topic
Timeline
- Events
- 13
- Since
- 2018
- Next accounts
- by 31-10-2027
- 07-09-2026Annual accounts filed
- 31-03-2026Weakest financial year
- 30-09-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Founded
- 18-04-1994
- Year ends
- 31-03
- Peppol
- Reachable for e-invoices
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