B.H.E.
ActiveSummary
B.H.E. has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €371,589 and a net result of €66,167. Equity has been growing by about 10% per year since 2018. Its solvency ranks better than 56% of 5,039 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-03-1995 Normal situation
- Registered office
- 11 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 4 November 2026.
- Activity
- Retail trade NACE 47524and 2 others
- Joint committees
- 201 Paritair Comité voor de zelfstandige kleinhandel
- 125.03 Paritair Subcomité voor de houthandel · annual accounts 2025
- Establishment units
- 2.073.355.303 1040 Etterbeek, since 06-10-1995
- 2.282.280.237 1390 Grez-Doiceau, since 01-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 07-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
Annual accounts 2025
- Gross margin
- €485,479
- ▲ 3.8%
- Turnover
- ≈ €2.5m
- estimated
- Profit
- €66,167
- ▼ 4.8%
- Equity
- €371,589
- ▲ 21.7%
- Total assets
- €910,781
- ▲ 8.4%
- Employees on 31-12-2025
- 8
- ▲ 14.3%
- 2025 accounts filed 45 days after the deadline
Score breakdownraises riskLast filed accounts filed 45 days late; 2 of the last 3 accounts lateSize: 7.1 FTE, total assets €910,781lowers riskFounded in 1995Profit of €66,167 (financial year 2025)Show the evidence
Checked score
Score 2025
71
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 63% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency
66+5
equity 40.8% of total assets
Liquidity
52+10
short-term debt 26.3% · cash 9.4%
Profitability
78-1
return on assets 7.3%
Bankruptcy probability within 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.0%● unchanged vs 12-2024
02-2025: 2.0%● unchanged vs 01-2025
03-2025: 2.0%● unchanged vs 02-2025
04-2025: 2.0%● unchanged vs 03-2025
05-2025: 1.9%▼ -0.1 percentage points vs 04-2025
06-2025: 1.8%▼ -0.1 percentage points vs 05-2025
07-2025: 2.1%▲ +0.3 percentage points vs 06-2025
08-2025: 3.1%▲ +1.0 percentage point vs 07-2025highest value
09-2025: 1.0%▼ -2.1 percentage points vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 0.9%▼ -0.1 percentage points vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.8%▼ -0.1 percentage points vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 1.6%▲ +0.8 percentage points vs 07-2026
09-2026: 1.8%▲ +0.2 percentage points vs 08-2026
10-2026: 0.6%▼ -1.2 percentage points vs 09-2026lowest value
11-2026: 0.6%● unchanged vs 10-2026lowest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.15 (1.73 in 2024), above the usual 1.5. Short-term debt is 26.3% and cash 9.4% of total assets. However, 59.2% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 56% of them on solvency, 56% on liquidity, 67% on profitability and 74% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 45 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-09-2026, 45 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
45 days late
2024
29 days late
2023
357 days late
2022
723 days late
2021
77 days late
2020
124 days late
2019
89 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 206 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 October (4 of the last 5 accounts filed within 281 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 45 days after the deadline Filed on 14 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00512117.
Annual accounts 2025 filed on 14-09-2026 at the NBB all 31 filings
Turnover
≈ €2.5m
Estimated: probably between €1.7m and €3.8m
EBIT margin
Not included in this filing
Net result
€66,167▼ 4.8%
2024 · €69,501
Working capital
€275,884▲ 73.3%
2024 · €159,151
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€98,932
▼ 4.2%
2025
20182025
Net result
€66,167
▼ 4.8%
2025
middle half of the sector
20182025
Equity
€371,589
▲ 21.7%
2025
middle half of the sector
20182025
Total assets
€910,781
▲ 8.4%
2025
middle half of the sector
20182025
Debt
€539,192
▲ 0.9%
2025
20182025
Working capital
€275,884
▲ 73.3%
2025
middle half of the sector
20182025
Solvency
40.8%
▲ 4.4pp
2025
middle half of the sector
20182025
Current ratio
2.15
▲ 0.43
2025
middle half of the sector
20182025
Return on assets (ROA)
7.3%
▼ 1.0pp
2025
middle half of the sector
20182025
Staff (FTE)
7.1
▲ 20.3%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€17,272-€137,993€53,887▼ 60.9%€38,645▼ 28.3%€37,283▼ 3.5%-€39,246€103,276€98,932▼ 4.2%
Net result-€26,391-€98,570€60,975within the sector's middle half▼ 38.1%€15,314within the sector's middle half▼ 74.9%€13,237within the sector's middle half▼ 13.6%-€54,413below the sector's middle half€69,501within the sector's middle half€66,167within the sector's middle half▼ 4.8%
Equity€102,238-€200,808▲ 96.4%€261,783within the sector's middle half▲ 30.4%€277,098within the sector's middle half▲ 5.8%€290,334within the sector's middle half▲ 4.8%€235,921within the sector's middle half▼ 18.7%€305,423within the sector's middle half▲ 29.5%€371,589within the sector's middle half▲ 21.7%
Total assets€845,795-€880,558▲ 4.1%€872,338within the sector's middle half▼ 0.9%€883,709within the sector's middle half▲ 1.3%€879,424within the sector's middle half▼ 0.5%€889,325within the sector's middle half▲ 1.1%€839,953within the sector's middle half▼ 5.6%€910,781within the sector's middle half▲ 8.4%
Debt€743,556-€679,750▼ 8.6%€610,554▼ 10.2%€606,611▼ 0.6%€589,089▼ 2.9%€653,403▲ 10.9%€534,530▼ 18.2%€539,192▲ 0.9%
Working capital€202,226-€257,308▲ 27.2%€243,699within the sector's middle half▼ 5.3%€273,297within the sector's middle half▲ 12.1%€258,288within the sector's middle half▼ 5.5%€140,607within the sector's middle half▼ 45.6%€159,151within the sector's middle half▲ 13.2%€275,884within the sector's middle half▲ 73.3%
Solvency12.1%-22.8%▲ 10.7pp30.0%within the sector's middle half▲ 7.2pp31.4%within the sector's middle half▲ 1.3pp33.0%within the sector's middle half▲ 1.7pp26.5%within the sector's middle half▼ 6.5pp36.4%within the sector's middle half▲ 9.8pp40.8%within the sector's middle half▲ 4.4pp
Current ratio2.09-2.41▲ 0.322.77above the sector's middle half▲ 0.362.90above the sector's middle half▲ 0.132.36above the sector's middle half▼ 0.541.63within the sector's middle half▼ 0.731.73within the sector's middle half▲ 0.102.15within the sector's middle half▲ 0.43
Return on assets (ROA)-3.1%-11.2%▲ 14.3pp7.0%within the sector's middle half▼ 4.2pp1.7%within the sector's middle half▼ 5.3pp1.5%within the sector's middle half▼ 0.2pp-6.1%below the sector's middle half▼ 7.6pp8.3%within the sector's middle half▲ 14.4pp7.3%within the sector's middle half▼ 1.0pp
Staff (FTE)2.8-3.4▲ 21.4%3.8within the sector's middle half▲ 11.8%3.5within the sector's middle half▼ 7.9%3.4within the sector's middle half▼ 2.9%3.4within the sector's middle half=5.9within the sector's middle half▲ 73.5%7.1within the sector's middle half▲ 20.3%
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 4% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €910,781
Fixed assets
€395,500 ▼ 14.4%
Current assets
€515,281 ▲ 36.3%
Equity and liabilities €910,781
Equity
€371,589 ▲ 21.7%
Debt
€539,192 ▲ 0.9%
Debt's share of the balance-sheet total falls from 63.6% to 59.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€201,904▼
2024 · €219,632
Cash flow
€169,139▼
2024 · €185,858
Quick ratio
1.25▲
2024 · 1.00
Debt to equity
1.45▼
2024 · 1.75
ROE
17.8%▼
2024 · 22.8%
Interest coverage
7.51▼
2024 · 10.11
Debt ≤ 1 year
€239,398▲
2024 · €219,006
Debt > 1 year
€228,123▼
2024 · €291,310
Income taxes
€32,497▲
2024 · €20,085
Staff costs
€265,844▲
2024 · €217,731
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 7 | 8 |
| full-time | 2 | 1 | 4 | 3 |
| part-time | - | 2 | 3 | 5 |
| in full-time equivalents | 2 | 2.6 | 6 | 6.5 |
| Average over the year, in full-time equivalents | 3.4 | 3.4 | 5.9 | 7.1 |
| On a permanent contract | 2 | 1 | 2 | 2 |
| Joined | 7 | - | 10 | 7 |
| Left | 8 | - | 6 | 6 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €68,049 | €72,299 | €206,680 | €24,745 | €69,600 |
| Intangible fixed assets | €19,500 | - | €2,700 | €27,624 | - |
| Financial fixed assets | - | - | - | - | €1,750 |
| Depreciation and write-downs of the year | €109,785 | €107,315 | €114,882 | €116,356 | €102,972 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €129 | €5,239 | €221 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €89,399 | €129,391 | €132,273 | €217,731 | €265,844 | ▲ 22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €73,726 | €81,675 | €91,834 | €109,785 | €107,315 | €114,882 | €116,356 | €102,972 | ▼ 11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €1,386 | - |
| Other operating charges640/8 | - | - | - | €19,301 | €23,797 | €17,690 | €30,209 | €16,345 | ▼ 45.9% |
| Non-recurring operating charges66A | - | - | - | €598 | €75 | - | - | - | - |
| Gross operating margin9900 | €199,196 | €349,582 | €230,586 | €257,727 | €297,861 | €225,599 | €467,572 | €485,479 | ▲ 3.8% |
| Operating profit (loss)9901 | -€17,272 | €137,993 | €53,887 | €38,645 | €37,283 | -€39,246 | €103,276 | €98,932 | ▼ 4.2% |
| Financial income75/76B | - | - | - | €6,520 | €39,897 | €9,965 | €8,041 | €26,606 | ▲ 231% |
| Recurring financial income75 | €7,236 | €9,364 | €24,618 | €5,318 | €21,869 | €8,694 | €8,041 | €26,606 | ▲ 231% |
| Non-recurring financial income76B | - | - | - | €1,202 | €18,028 | €1,271 | - | - | - |
| Financial charges65/66B | - | - | - | €24,582 | €38,331 | €24,773 | €21,731 | €26,874 | ▲ 23.7% |
| Recurring financial charges65 | €23,815 | €22,394 | €15,732 | €24,582 | €19,479 | €24,773 | €21,731 | €26,874 | ▲ 23.7% |
| Non-recurring financial charges66B | - | - | - | - | €18,852 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€25,553 | €134,197 | €62,932 | €20,584 | €38,849 | -€54,055 | €89,586 | €98,664 | ▲ 10.1% |
| Income taxes67/77 | €838 | €35,627 | €1,957 | €5,269 | €25,613 | €358 | €20,085 | €32,497 | ▲ 61.8% |
| Profit (loss) for the period9904 | -€26,391 | €98,570 | €60,975 | €15,314 | €13,237 | -€54,413 | €69,501 | €66,167 | ▼ 4.8% |
| Profit (loss) for the period to be appropriated9905 | -€26,391 | €98,570 | €60,975 | €15,314 | €13,237 | -€54,413 | €69,501 | €66,167 | ▼ 4.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €845,795 | €880,558 | €872,338 | €883,709 | €879,424 | €889,325 | €839,953 | €910,781 | ▲ 8.4% |
| Fixed assets21/28 | €457,359 | €440,708 | €490,689 | €466,302 | €431,285 | €525,783 | €461,796 | €395,500 | ▼ 14.4% |
| Intangible fixed assets21 | €2,492 | €1,869 | €99,199 | €93,234 | €67,012 | €44,039 | €41,446 | €20,325 | ▼ 51.0% |
| Tangible fixed assets22/27 | €453,967 | €436,939 | €390,590 | €372,168 | €363,373 | €480,845 | €419,449 | €372,525 | ▼ 11.2% |
| Land and buildings22 | - | - | - | €189,628 | €159,895 | €317,003 | €296,870 | €256,602 | ▼ 13.6% |
| Plant, machinery and equipment23 | - | - | - | €156,459 | €161,128 | €133,933 | €103,107 | €96,083 | ▼ 6.8% |
| Furniture and vehicles24 | - | - | - | €24,994 | €20,764 | €13,375 | €6,892 | €12,444 | ▲ 80.6% |
| Leasing and similar rights25 | - | - | - | €1,087 | €21,586 | €16,533 | €12,581 | €7,396 | ▼ 41.2% |
| Financial fixed assets28 | €900 | €1,900 | €900 | €900 | €900 | €900 | €900 | €2,650 | ▲ 194% |
| Current assets29/58 | €388,436 | €439,850 | €381,649 | €417,407 | €448,139 | €363,542 | €378,157 | €515,281 | ▲ 36.3% |
| Stocks and contracts in progress3 | €91,616 | €100,105 | €92,052 | €112,350 | €127,212 | €119,856 | €158,990 | €217,122 | ▲ 36.6% |
| Stocks30/36 | - | - | - | €112,350 | €127,212 | €119,856 | €158,990 | €217,122 | ▲ 36.6% |
| Amounts receivable within one year40/41 | €262,719 | €273,414 | €179,261 | €185,173 | €195,685 | €166,344 | €188,402 | €197,865 | ▲ 5.0% |
| Trade receivables40 | - | - | - | €170,337 | €189,370 | €150,276 | €160,788 | €170,945 | ▲ 6.3% |
| Other amounts receivable41 | - | - | - | €14,836 | €6,315 | €16,068 | €27,614 | €26,920 | ▼ 2.5% |
| Cash at bank and in hand54/58 | €28,814 | €62,007 | €100,757 | €107,393 | €120,079 | €70,218 | €14,981 | €85,791 | ▲ 473% |
| Deferred charges and accrued income490/1 | - | - | - | €12,492 | €5,163 | €7,124 | €15,785 | €14,503 | ▼ 8.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €845,795 | €880,558 | €872,338 | €883,709 | €879,424 | €889,325 | €839,953 | €910,781 | ▲ 8.4% |
| Equity10/15 | €102,238 | €200,808 | €261,783 | €277,098 | €290,334 | €235,921 | €305,423 | €371,589 | ▲ 21.7% |
| Contributions10/11 | €96,400 | €96,400 | €96,400 | €96,400 | €96,400 | €96,400 | €96,400 | €96,400 | = |
| Capital10 | - | - | - | €96,400 | €96,400 | €96,400 | €96,400 | €96,400 | = |
| Issued capital100 | - | - | - | €96,400 | €96,400 | €96,400 | €96,400 | €96,400 | = |
| Reserves13 | €9,640 | €9,640 | €9,640 | €9,640 | €9,640 | €9,640 | €49,640 | €104,640 | ▲ 111% |
| Non-distributable reserves130/1 | - | - | - | €9,640 | €9,640 | €9,640 | €9,640 | €9,640 | = |
| Legal reserve130 | - | - | - | €9,640 | €9,640 | €9,640 | €9,640 | €9,640 | = |
| Distributable reserves133 | - | - | - | - | - | - | €40,000 | €95,000 | ▲ 138% |
| Profit (loss) carried forward14 | -€3,802 | €94,768 | €155,743 | €171,058 | €184,294 | €129,881 | €159,383 | €170,549 | ▲ 7.0% |
| Amounts payable17/49 | €743,556 | €679,750 | €610,554 | €606,611 | €589,089 | €653,403 | €534,530 | €539,192 | ▲ 0.9% |
| Amounts payable after more than one year17 | €549,426 | €488,469 | €469,604 | €389,561 | €326,328 | €386,068 | €291,310 | €228,123 | ▼ 21.7% |
| Financial debts170/4 | - | - | - | €389,561 | €326,328 | €386,068 | €291,310 | €228,123 | ▼ 21.7% |
| Amounts payable within one year42/48 | €186,210 | €182,542 | €137,950 | €144,111 | €189,851 | €222,934 | €219,006 | €239,398 | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €81,709 | €84,894 | €102,378 | €96,427 | €85,039 | ▼ 11.8% |
| Financial debts43 | - | - | - | - | €4,168 | €3,913 | €11,163 | €3,356 | ▼ 69.9% |
| Credit institutions430/8 | - | - | - | - | €4,168 | €3,913 | €11,163 | €3,356 | ▼ 69.9% |
| Trade debts44 | €103,515 | €67,962 | €34,314 | €49,690 | €71,476 | €75,188 | €67,026 | €92,036 | ▲ 37.3% |
| Suppliers440/4 | - | - | - | €49,690 | €71,476 | €75,188 | €67,026 | €92,036 | ▲ 37.3% |
| Advances received on contracts in progress46 | - | - | - | €2,703 | €2,703 | €1,851 | €1,851 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €10,009 | €23,877 | €33,760 | €42,539 | €58,967 | ▲ 38.6% |
| Taxes450/3 | - | - | - | €7,197 | €16,214 | €19,903 | €25,565 | €43,189 | ▲ 68.9% |
| Remuneration and social security454/9 | - | - | - | €2,812 | €7,663 | €13,856 | €16,974 | €15,778 | ▼ 7.0% |
| Other amounts payable47/48 | - | - | - | - | €2,733 | €5,844 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €72,939 | €72,911 | €44,401 | €24,214 | €71,671 | ▲ 196% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,391 | €98,570 | €60,975 | €15,314 | €13,237 | -€54,413 | €69,501 | €66,167 | ▼ 4.8% |
| + Depreciation and write-downs630 | €73,726 | €81,675 | €91,834 | €109,785 | €107,315 | €114,882 | €116,356 | €102,972 | ▼ 11.5% |
| Operating cash flow (approximation) | €47,334 | €180,245 | €152,809 | €125,099 | €120,552 | €60,469 | €185,858 | €169,139 | ▼ 9.0% |
| Investment in fixed assets (approximation) | - | -€65,025 | -€141,815 | -€85,398 | -€72,299 | -€209,380 | -€52,369 | -€36,676 | ▲ 30.0% |
| Change in cash | - | €33,193 | €38,750 | €6,636 | €12,686 | -€49,861 | -€55,236 | €70,809 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as B.H.E. has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of B.H.E. itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for B.H.E.. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 14-09-2026 | 2026-00512117 | |
| 31-12-2024 | full format | 29-08-2025 | 2025-00430328 | |
| 31-12-2023 | full format | 23-07-2025 | 2025-00297478 | |
| 31-12-2022 | full format | 23-07-2025 | 2025-00297339 | |
| 31-12-2021 | full format | 16-10-2022 | 2022-20469964 | |
| 31-12-2020 | full format | 02-12-2021 | 2021-79000357 | |
| 31-12-2019 | full format | 28-10-2020 | 2020-63700047 | |
| 31-12-2018 | full format | 30-09-2019 | 2019-66500185 | |
| 31-12-2017 | full format | 08-11-2018 | 2018-71800118 | |
| 31-12-2016 | full format | 31-08-2017 | 2017-52500145 |
Board & ownership
Directors
Directors
2 directors, last change in 2024
Benoit Harris
Current
Statutory director · appointed in the act of 19-02-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 14-09-2026
HARRIS Véronique
Current
Director · listed in the 2025 annual accounts, filed on 14-09-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 19-02-2024Owners and capital
Capital transactions
Capital over time
- 19-02-2024 Capital stated in the deed · 750 shares
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Benoit Harris |
|
| HARRIS Véronique |
|
Articles of association
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Joint état résumant situation active et passive arrêté à date remontant au plus à trois mois, commissaire ou défaut réviseur entreprises ou…”
Articles of association, deed of 19-02-2024 (in French)
Network & group
B.H.E. shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of B.H.E.. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
14-09
full format · 45 days late
2025
2024
31-12
Financial
Back to profitnet €69,501
The net result is €69,501, after one loss-making year.
19-02
Gazette deed
Appointment: Benoit Harris (statutory director)Capital conversion · Amendment of the articles · Purpose change10 points ▸
Gazette deed
Appointment: Benoit Harris (statutory director)
Capital conversion · Amendment of the articles · Purpose change10 points ▸
- General meeting, 22-11-2023
- Other provision, “mandat d'administrateur” (deed in French)
- Capital conversion, “converti de plein droit, article 39, § 2, deuxième alinéa loi du 2019-03-23” (deed in French)
- Other provision, “compte créé et versements futurs part non encore libérée souscrite dans le passé inscrite en apports non appelés, suppression compte capitaux propres statutaire…” (deed in French)
- Amendment of the articles
- Other provision, “rapport administrateur justifiant proposition modification objet, Président” (deed in French)
- Purpose change
- Other provision, “1040 Etterbeek, avenue des Casernes 39-41, éléments inchangés” (deed in French)
- Capital
- Director appointment, Benoit Harris (statutory director)
2023
31-12
Financial
Weakest financial yearnet -€54,413
The net result drops to -€54,413, the lowest from 2018 to 2025. It recovers the following year.
2022
16-10
full format · 77 days late
2021
02-12
full format · 124 days late
2020
28-10
full format · 89 days late
2019
31-12
Financial
Back to profitnet €98,570
The net result is €98,570, after one loss-making year.
31-12
Financial
Equity above €200,000equity €200,808 ▲96.4%
Equity rises from €102,238 to €200,808.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
B.H.E. in French
Enterprise number
0454.749.163
Legal form
Private limited company
Status
Active, normale toestand
Founded
09-03-1995
Entity type
Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale, organe d'administration peut déplacer siège en Belgique sauf modification langue statuts par réglementation…”
deed of 19-02-2024 (in French)Registered office and establishments
Registered office
Kazernenlaan 39-41, 1040 Etterbeek, Belgium
Establishment units
B.H.E., Kazernenlaan 39-41, 1040 Etterbeek since 06-10-1995 · unit number 2.073.355.303
B.H.E., Allée Bois de Bercuit 12, 1390 Grez-Doiceau since 01-10-2018 · unit number 2.282.280.237
Activities
NACEBEL 2025VAT activities
47524
Retail trade main activity
43332
Laying of wooden floor and wall coverings
81300
Landscape service activities
Social security (RSZ) activities
47524
Retail trade main activity
Codes under NACEBEL 2008
VAT activities
47524
Retail trade main activity
43332
Laying of wooden floor and wall coverings
81300
Landscape service activities
Social security (RSZ) activities
47524
Retail trade main activity
Codes under NACEBEL 2003
52461
Joint committees
201 Paritair Comité voor de zelfstandige kleinhandel
125.03 Paritair Subcomité voor de houthandel annual accounts 2025
Invoicing and payment
VAT number
BE 0454.749.163
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0454.749.163
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
21 June at 18:30
deed of 19-02-2024 (in French)Sites & property
Location
Buildings and parcels at the address
Ground area
2,622 m²
Building footprint
1,869 m²
Building volume
18,934 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21363B0395/00H007 | Brussels | 2,622 m² | 1 · 1,869 m² | 24.4 m · 2 |