B&H Group
ActiveSummary
B&H Group has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-352k) and a net result of €-1.20M. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-74
Solvency12▼-61
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.27 against 1.43 in 2024; short-term debt: 72.4% and cash: 6.4% of total assets), and equity is negative.
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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-13.1%
Return on assets
-44.7%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-352k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
30 d late
2022
31 d late
2021
31 d late
2020
2 d early
2019
on the day
← 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, abbreviated schema
Equity
€-352k
2024 · €846k
2018: €434k
2019: €479k▲ +10.2% vs 2018
2020: €599k▲ +25.0% vs 2019
2021: €506k▼ -15.4% vs 2020
2022: €632k▲ +24.9% vs 2021
2023: €770k▲ +21.8% vs 2022
2024: €846k▲ +9.9% vs 2023highest in 8 years
2025: €-352k▼ -142% vs 2024lowest in 8 years
2018 → 2025
Total assets
€2.68M▲ 53.2%
2024 · €1.75M
2018: €1.54Mlowest in 8 years
2019: €1.94M▲ +26.2% vs 2018
2020: €1.74M▼ -10.3% vs 2019
2021: €1.67M▼ -3.7% vs 2020
2022: €1.63M▼ -2.4% vs 2021
2023: €1.72M▲ +5.4% vs 2022
2024: €1.75M▲ +1.7% vs 2023
2025: €2.68M▲ +53.2% vs 2024highest in 8 years
2018 → 2025
Net result
€-1.20M
2024 · €76k
2018: €274khighest in 8 years
2019: €44k▼ -83.8% vs 2018
2020: €120k▲ +171% vs 2019
2021: €-92k▼ -177% vs 2020
2022: €126k▲ +237% vs 2021
2023: €139k▲ +10.3% vs 2022
2024: €76k▼ -45.3% vs 2023
2025: €-1.20M▼ -1677% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-1.42M
2024 · €132k
2018: €29k
2019: €-177k▼ -716% vs 2018
2020: €39k▲ +122% vs 2019
2021: €-159k▼ -506% vs 2020
2022: €-60k▲ +62.2% vs 2021
2023: €120k▲ +300% vs 2022
2024: €132k▲ +10.3% vs 2023highest in 8 years
2025: €-1.42M▼ -1175% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€506k-€632k▲ 24.9%€770k▲ 21.8%€846k▲ 9.9%€-352k
2021: €506k
2022: €632k▲ +24.9% vs 2021
2023: €770k▲ +21.8% vs 2022
2024: €846k▲ +9.9% vs 2023highest in 5 years
2025: €-352k▼ -142% vs 2024lowest in 5 years
Operating result€-62k-€185k€203k▲ 9.6%€126k▼ 38.0%€-1.18M
2021: €-62k
2022: €185k▲ +398% vs 2021
2023: €203k▲ +9.6% vs 2022highest in 5 years
2024: €126k▼ -38.0% vs 2023
2025: €-1.18M▼ -1034% vs 2024lowest in 5 years
Net result€-92k-€126k€139k▲ 10.3%€76k▼ 45.3%€-1.20M
2021: €-92k
2022: €126k▲ +237% vs 2021
2023: €139k▲ +10.3% vs 2022highest in 5 years
2024: €76k▼ -45.3% vs 2023
2025: €-1.20M▼ -1677% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1.18M after €126k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.68M
Fixed assets
€2.16M ▲ 64.5%
Current assets
€521k ▲ 19.3%
Key figures and ratios
EBITDA
€-1.10M▼
2024 · €177k
Cash flow
€-1.13M▼
2024 · €127k
Solvency
-13.1%▼
2024 · 48.3%
Current ratio
0.27▼
2024 · 1.43
Debt to equity
-8.62▼
2024 · 1.07
ROA
-44.7%▼
2024 · 4.3%
Interest coverage
-45.72▼
2024 · 10.72
Debt
€3.04M▲
2024 · €906k
Debt ≤ 1 year
€1.94M▲
2024 · €304k
Debt > 1 year
€1.09M▲
2024 · €600k
Income taxes
€-185▼
2024 · €33k
Staff costs
€544k▲
2024 · €422k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.75M€2.68M▲
Fixed assets21/28€1.32M€2.16M▲
Tangible fixed assets22/27€1.31M€2.16M▲
Land and buildings22€1.29M€2.15M▲
Plant, machinery and equipment23€7k€2k▼
Furniture and vehicles24€11k€12k▲
Financial fixed assets28€3k€3k▲
Current assets29/58€437k€521k▲
Amounts receivable after more than one year29€80k€80k=
Other amounts receivable291€80k€80k=
Amounts receivable within one year40/41€283k€264k▼
Trade receivables40€135k€119k▼
Other amounts receivable41€148k€145k▼
Cash at bank and in hand54/58€73k€172k▲
Deferred charges and accrued income490/1€780€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.75M€2.68M▲
Equity10/15€846k€-352k▼
Contributions10/11€19k€19k=
Reserves13€828k€0▼
Distributable reserves133€828k€0▼
Profit (loss) carried forward14€0€-371k▼
Amounts payable17/49€906k€3.04M▲
Amounts payable after more than one year17€600k€1.09M▲
Financial debts170/4€598k€1.09M▲
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€304k€1.94M▲
Current portion of amounts payable after more than one year42€71k€112k▲
Trade debts44€62k€902k▲
Suppliers440/4€62k€902k▲
Taxes, remuneration and social security45€117k€114k▼
Taxes450/3€67k€51k▼
Remuneration and social security454/9€50k€63k▲
Other amounts payable47/48€53k€815k▲
Accrued charges and deferred income492/3€2k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€422k€544k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€72k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€137k€-6k▼
Other operating charges640/8€10k€10k▼
Non-recurring operating charges66A-€1.39M
Gross operating margin9900€745k€833k▲
Operating profit (loss)9901€126k€-1.18M▼
Financial income75/76B€2€425▲
Recurring financial income75€2€425▲
Financial charges65/66B€16k€24k▲
Recurring financial charges65€16k€24k▲
Profit (loss) for the period before taxes9903€109k€-1.20M▼
Income taxes67/77€33k€-185▼
Profit (loss) for the period9904€76k€-1.20M▼
Profit (loss) for the period to be appropriated9905€76k€-1.20M▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€-1.20M▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€828k
Transfer to equity691/2€76k€0▼
To other reserves6921€76k€0▼
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)908712.212.9▲
The notes to these accounts (23 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 | €1.04M | €752k | €623k | €422k | €544k | ▲ 29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52k | €53k | €57k | €51k | €72k | ▲ 42.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-6k | €-6k | €-6k | €137k | €-6k | ▼ 104% |
| Other operating charges640/8 | €7k | €10k | €8k | €10k | €10k | ▼ 3.4% |
| Non-recurring operating charges66A | - | - | - | - | €1.39M | - |
| Gross operating margin9900 | €1.04M | €994k | €885k | €745k | €833k | ▲ 11.8% |
| Operating profit (loss)9901 | €-62k | €185k | €203k | €126k | €-1.18M | ▼ 1,034% |
| Financial income75/76B | €0 | €0 | €20 | €2 | €425 | ▲ 18,310% |
| Recurring financial income75 | €0 | €0 | €20 | €2 | €425 | ▲ 18,310% |
| Financial charges65/66B | €20k | €19k | €19k | €16k | €24k | ▲ 46.3% |
| Recurring financial charges65 | €20k | €19k | €19k | €16k | €24k | ▲ 46.3% |
| Profit (loss) for the period before taxes9903 | €-83k | €166k | €184k | €109k | €-1.20M | ▼ 1,196% |
| Income taxes67/77 | €10k | €40k | €45k | €33k | €-185 | ▼ 101% |
| Profit (loss) for the period9904 | €-92k | €126k | €139k | €76k | €-1.20M | ▼ 1,677% |
| Profit (loss) for the period to be appropriated9905 | €-92k | €126k | €139k | €76k | €-1.20M | ▼ 1,677% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.67M | €1.63M | €1.72M | €1.75M | €2.68M | ▲ 53.2% |
| Fixed assets21/28 | €1.48M | €1.44M | €1.32M | €1.32M | €2.16M | ▲ 64.5% |
| Tangible fixed assets22/27 | €1.40M | €1.35M | €1.32M | €1.31M | €2.16M | ▲ 64.6% |
| Land and buildings22 | €1.37M | €1.33M | €1.30M | €1.29M | €2.15M | ▲ 65.8% |
| Plant, machinery and equipment23 | €14k | €10k | €14k | €7k | €2k | ▼ 79.4% |
| Furniture and vehicles24 | €21k | €14k | €7k | €11k | €12k | ▲ 16.8% |
| Financial fixed assets28 | €82k | €82k | €2k | €3k | €3k | ▲ 2.3% |
| Current assets29/58 | €190k | €199k | €399k | €437k | €521k | ▲ 19.3% |
| Amounts receivable after more than one year29 | - | - | €80k | €80k | €80k | = |
| Other amounts receivable291 | - | - | €80k | €80k | €80k | = |
| Amounts receivable within one year40/41 | €137k | €118k | €303k | €283k | €264k | ▼ 6.9% |
| Trade receivables40 | €104k | €56k | €111k | €135k | €119k | ▼ 11.8% |
| Other amounts receivable41 | €33k | €62k | €192k | €148k | €145k | ▼ 2.4% |
| Cash at bank and in hand54/58 | €52k | €78k | €15k | €73k | €172k | ▲ 137% |
| Deferred charges and accrued income490/1 | €708 | €2k | €1k | €780 | €5k | ▲ 587% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.67M | €1.63M | €1.72M | €1.75M | €2.68M | ▲ 53.2% |
| Equity10/15 | €506k | €632k | €770k | €846k | €-352k | ▼ 142% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €752k | €828k | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €2k | €2k | €752k | €828k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €486k | €612k | €0 | €0 | €-371k | - |
| Amounts payable17/49 | €1.17M | €1.00M | €952k | €906k | €3.04M | ▲ 235% |
| Amounts payable after more than one year17 | €811k | €741k | €672k | €600k | €1.09M | ▲ 82.3% |
| Financial debts170/4 | €809k | €739k | €670k | €598k | €1.09M | ▲ 82.6% |
| Other amounts payable178/9 | €2k | €2k | €2k | €2k | €2k | = |
| Amounts payable within one year42/48 | €349k | €259k | €279k | €304k | €1.94M | ▲ 539% |
| Current portion of amounts payable after more than one year42 | €76k | €70k | €70k | €71k | €112k | ▲ 57.0% |
| Trade debts44 | €110k | €46k | €34k | €62k | €902k | ▲ 1,351% |
| Suppliers440/4 | €110k | €46k | €34k | €62k | €902k | ▲ 1,351% |
| Taxes, remuneration and social security45 | €106k | €119k | €153k | €117k | €114k | ▼ 2.8% |
| Taxes450/3 | €76k | €67k | €109k | €67k | €51k | ▼ 24.5% |
| Remuneration and social security454/9 | €30k | €52k | €43k | €50k | €63k | ▲ 26.2% |
| Other amounts payable47/48 | €57k | €24k | €22k | €53k | €815k | ▲ 1,426% |
| Accrued charges and deferred income492/3 | €8k | €2k | €2k | €2k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-92k | €126k | €139k | €76k | €-1.20M | ▼ 1,677% |
| + Depreciation and write-downs630 | €52k | €53k | €57k | €51k | €72k | ▲ 42.6% |
| Operating cash flow (approximation) | €-40k | €179k | €196k | €127k | €-1.13M | ▼ 988% |
| Investment in fixed assets (approximation) | - | €-4k | €55k | €-43k | €-921k | ▼ 2,038% |
| Change in cash | - | €26k | €-63k | €58k | €99k | ▲ 71.6% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-1.20M
Net result drops to €-1.20M, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Back to profitnet €126k
Net result €126k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.16
Current ratio from 0.50 to 1.16; short-term debt falls from €357k to €245k.
31-12
Financial
Equity above €500kEq €599k ▲25%
3 profitable years in a row build equity to €599k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 21 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2012
Ground area
728 m²
Building footprint
86 m²
Volume, LiDAR
459 m³
Parcel 44051B0760/00Z000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
B&H Group
since 20122.219.153.033
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051B0760/00Z000 | Flanders | 728 m² | 1 · 86 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.219.153.033
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 4,136 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
Founded03-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
81220Other building cleaning and industrial cleaning
10111Manufacture of food products
10120Manufacture of food products
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
47811Retail sale of cars and light vans (up to 3.5 tonnes)
52210Service activities incidental to land transportation
71111Activities of building architects
81230Other cleaning activities
Scores and ratios are computed by Checked and are not a credit decision.