B.H.G. MANAGEMENT

Active

Private limited companyfounded 2005active for 21 yearsRue Royale(TOU) 12, 7500 Tournai, BelgiumKBO/BCE: BE 0874.667.113

Summary

B.H.G. MANAGEMENT has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32,111 and a net result of -€353. Equity is shrinking by about 10% per year across the filed financial years. Its solvency ranks better than 20% of 13,626 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisFollow Report Compare

B.H.G. MANAGEMENTActiveChecked score 63/100

Risk analysis Report Compare

Activity

Wholesale of perfume and cosmetics

NACE 46450

1 site

Size

€1.7mtotal assets 2025

Equity: €32,111
Loss: -€353

Turnover not published (micro format)

Financial health

63 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.4%

Structure

Holdings: 1

2025 accounts filed 4 days late2 of 4 deeds summarised

Why 63raises riskLiquidity: current ratio 0.00, cash €1,170Last filed accounts filed 4 days late; 2 of the last 3 latelowers riskSize: total assets €1.7mFounded in 2005Show the evidence

Checked score

Score 2025

63 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 26% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 27=

equity 1.8% of total assets

Liquidity 0=

short-term debt 94.2% · cash 0.1%

Profitability 69+52

return on assets 0.0%

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,868 companies, NACE 46, micro)

Last 24 months 11-2024: 3.1% 12-2024: 3.8%▲ +0.7 percentage points vs 11-2024 01-2025: 6.0%▲ +2.2 percentage points vs 12-2024 02-2025: 6.0%● unchanged vs 01-2025 03-2025: 6.1%▲ +0.1 percentage points vs 02-2025highest value 04-2025: 5.5%▼ -0.6 percentage points vs 03-2025 05-2025: 5.5%● unchanged vs 04-2025 06-2025: 2.3%▼ -3.2 percentage points vs 05-2025 07-2025: 2.5%▲ +0.2 percentage points vs 06-2025 08-2025: 3.4%▲ +0.9 percentage points vs 07-2025 09-2025: 3.8%▲ +0.4 percentage points vs 08-2025 10-2025: 1.1%▼ -2.7 percentage points vs 09-2025lowest value 11-2025: 1.1%● unchanged vs 10-2025lowest value 12-2025: 1.1%● unchanged vs 11-2025lowest value 01-2026: 1.1%● unchanged vs 12-2025lowest value 02-2026: 1.2%▲ +0.1 percentage points vs 01-2026 03-2026: 1.2%● unchanged vs 02-2026 04-2026: 1.1%▼ -0.1 percentage points vs 03-2026 05-2026: 1.2%▲ +0.1 percentage points vs 04-2026 06-2026: 1.2%● unchanged vs 05-2026 07-2026: 1.2%● unchanged vs 06-2026 08-2026: 2.0%▲ +0.8 percentage points vs 07-2026 09-2026: 1.4%▼ -0.6 percentage points vs 08-2026 10-2026: 1.4%● unchanged vs 09-2026

Credit of up to €2,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.0, compared with 0.0 in 2024, below 1; short-term debt: 94.2% and cash: 0.1% of total assets), and 98.2% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 18% on solvency, 2% on liquidity, 51% on profitability and 34% on growth.

The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises risk

Liquidity: current ratio 0.00, cash €1,170

NBB · annual accounts

Last filed accounts filed 4 days late; 2 of the last 3 late

NBB · filings

Size: total assets €1.7m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2005

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€353

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 13626 sector peers (2025).

NBB · sector comparison

Position among 13626 sector peers

Solvency

better than 20%

← weakest strongest →

2025 accounts filed 4 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-08-2026, 4 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 filings

Deviation from the deadline

2025

4 days late

2024

31 days late

2023

288 days late

2022

31 days late

2021

33 days early

2020

30 days late

2019

29 days early

← 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 46 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

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 31 August (4 of the last 5 filed years within 64 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

07-09-2026 RestructuringDeclaration · Merger · Shareholding
04-08-2026 Annual accounts filedfinancial year 2025 · micro…
23-02-2026 Amendment of the articles · RestructuringMerger · Shareholding · Capital

Key points

Risk: 5 loss-making years in a rowloss financial year 2025 -€353 View
Among the largest 5% on total assetssector median €172,286 · 13,635 companies €1.7m View
Total assets 20256 financial years filed €1.7m View

By topic

Financials

Financial year: 2025
Total assets: €1.7m
Loss: -€353
Solvency: 1.8%

Total assets▼ 1.1%

Net result

20182025

Go to Financials

Network & group

Subsidiaries: 1
Mergers and asset contributions: 1

1 subsidiary

Go to Network & group

Timeline

Events: 24
Since: 2007
Next accounts: by 31-07-2027

31-08-2025Annual accounts filed
15-05-2025Annual accounts filed
31-12-2024Weakest financial year

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Wholesale of perfume and cosmeticsNACE 46450
Founded: 24-06-2005
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 8

Annual meeting: Third Friday of June at 17:00
Purpose: “À l’activité de commerce de gros et de détail de produits de coiffure et d'esthétique, de…” (deed in French)

Go to Articles of association

Key facts about B.H.G. MANAGEMENT

What is the company number of B.H.G. MANAGEMENT?: 0874.667.113. In Belgium the VAT number is the company number with BE in front: BE 0874.667.113.
Where is B.H.G. MANAGEMENT based?: The registered office is at Rue Royale(TOU) 12, 7500 Tournai.Company details
What does B.H.G. MANAGEMENT do?: According to the KBO register, the main activity is wholesale of perfume and cosmetics (NACE 46450).
What is the legal form of B.H.G. MANAGEMENT?: Private limited company (BV).
When was B.H.G. MANAGEMENT founded?: On 24-06-2005.
Is B.H.G. MANAGEMENT still active?: Yes, B.H.G. MANAGEMENT is an active enterprise in the KBO register.
What is the turnover of B.H.G. MANAGEMENT?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is B.H.G. MANAGEMENT profitable?: In financial year 2025, B.H.G. MANAGEMENT made a loss of €353.
Where can I find the annual accounts of B.H.G. MANAGEMENT?: B.H.G. MANAGEMENT filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of B.H.G. MANAGEMENT due?: By 31-07-2027, for financial year 2026.Timeline