BH
ActiveSummary
BH has been active since 2016 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags). The 2024 annual accounts show equity of €32,081 and a net result of €61,760. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 4610 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency45▲+43
Growth38▲+16
Track record84
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.66 in 2023; short-term debt: 74.2% and cash: 12.2% of total assets), and 80.1% of the assets are financed with debt.
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Signals
Eight 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 · 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 2024Solvency, return and age of the figures
Solvency
19.9%
Return on assets
38.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 4610 sector peers (2024).
NBB · sector comparisonPosition among 4610 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-03-2025, 149 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
149 d early
2023
216 d late
2022
141 d late
2021
171 d late
2020
88 d late
2019
125 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 99 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
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Financials · fiscal year 2024, full schema
Turnover
€76,100▼ 54.3%
2018 · €166,500
EBIT margin
-38.1%▼ 65.7pp
2018 · 27.6%
Net result
€61,760
2023 · -€53,851
Working capital
-€43,493▲ 19.7%
2023 · -€54,172
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€32,252▼ 11.3%€85,312-€33,204-€36,373▼ 9.5%€70,645
Net result-€35,238below the sector's middle half▼ 17.9%€82,375within the sector's middle half-€42,337below the sector's middle half-€53,851below the sector's middle half▼ 27.2%€61,760within the sector's middle half
EBIT margin
Equity-€15,866below the sector's middle half€66,509below the sector's middle half€24,172below the sector's middle half▼ 63.7%-€29,679below the sector's middle half€32,081below the sector's middle half
Total assets€57,300below the sector's middle half▼ 4.3%€141,484below the sector's middle half▲ 147%€146,144below the sector's middle half▲ 3.3%€127,838below the sector's middle half▼ 12.5%€161,427below the sector's middle half▲ 26.3%
Debt€73,166▲ 80.7%€74,975▲ 2.5%€121,972▲ 62.7%€157,517▲ 29.1%€129,346▼ 17.9%
Working capital-€41,887▼ 240%€40,008€87▼ 99.8%-€54,172-€43,493▲ 19.7%
Solvency-27.7%below the sector's middle half▼ 60.1pp47.0%within the sector's middle half▲ 74.7pp16.5%below the sector's middle half▼ 30.5pp-23.2%below the sector's middle half▼ 39.8pp19.9%below the sector's middle half▲ 43.1pp
Staff (FTE)1within the sector's middle half1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €70,645 after a loss of €36,373 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €161,427
Fixed assets
€85,177 ▲ 248%
Current assets
€76,250 ▼ 26.2%
Equity and liabilities €161,427
Equity
€32,081
Debt
€129,346
Debt finances 80.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€81,916▲
2023 · -€34,173
Cash flow
€73,031▲
2023 · -€51,651
Current ratio
0.64▼
2023 · 0.66
Debt to equity
4.03▲
2023 · -5.31
ROE
192.5%
ROA
38.3%▲
2023 · -42.1%
Interest coverage
1516.96▲
2023 · -98.20
Debt ≤ 1 year
€119,743▼
2023 · €157,517
Debt > 1 year
€9,603
Income taxes
€8,831▼
2023 · €17,130
Staff costs
€83,208▲
2023 · €82,718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €83,122 | €283,335 | - | - | - |
| Remuneration, social security and pensions62 | - | €44,659 | €69,465 | €82,718 | €83,208 | ▲ 0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,414 | €12,060 | €2,416 | €2,200 | €11,271 | ▲ 412% |
| Other operating charges640/8 | - | €6,903 | €1,706 | €1,541 | €3,721 | ▲ 141% |
| Gross operating margin9900 | €11,493 | €148,934 | €40,383 | €50,086 | €168,845 | ▲ 237% |
| Operating profit (loss)9901 | -€32,252 | €85,312 | -€33,204 | -€36,373 | €70,645 | ▲ 294% |
| Financial charges65/66B | - | €1,413 | €139 | €348 | €54 | ▼ 84.5% |
| Recurring financial charges65 | €2,889 | €1,413 | €139 | €348 | €54 | ▼ 84.5% |
| Profit (loss) for the period before taxes9903 | -€35,141 | €83,899 | -€33,343 | -€36,721 | €70,591 | ▲ 292% |
| Income taxes67/77 | €97 | €1,524 | €8,994 | €17,130 | €8,831 | ▼ 48.4% |
| Profit (loss) for the period9904 | -€35,238 | €82,375 | -€42,337 | -€53,851 | €61,760 | ▲ 215% |
| Profit (loss) for the period to be appropriated9905 | -€35,238 | €82,375 | -€42,337 | -€53,851 | €61,760 | ▲ 215% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,300 | €141,484 | €146,144 | €127,838 | €161,427 | ▲ 26.3% |
| Fixed assets21/28 | €26,021 | €26,501 | €24,085 | €24,493 | €85,177 | ▲ 248% |
| Tangible fixed assets22/27 | €7,421 | €7,901 | €5,485 | €5,893 | €66,077 | ▲ 1,021% |
| Plant, machinery and equipment23 | - | €2,536 | €1,911 | €1,285 | €34,955 | ▲ 2,620% |
| Furniture and vehicles24 | - | €5,365 | €3,574 | €4,608 | €7,408 | ▲ 60.8% |
| Leasing and similar rights25 | - | - | - | - | €23,714 | - |
| Financial fixed assets28 | €18,600 | €18,600 | €18,600 | €18,600 | €19,100 | ▲ 2.7% |
| Current assets29/58 | €31,279 | €114,983 | €122,059 | €103,345 | €76,250 | ▼ 26.2% |
| Amounts receivable after more than one year29 | - | - | - | €19,640 | - | - |
| Other amounts receivable291 | - | - | - | €19,640 | - | - |
| Amounts receivable within one year40/41 | €10,698 | €83,378 | €74,878 | €83,375 | €56,512 | ▼ 32.2% |
| Trade receivables40 | - | €74,082 | €70,354 | €73,871 | €35,332 | ▼ 52.2% |
| Other amounts receivable41 | - | €9,296 | €4,524 | €9,504 | €21,180 | ▲ 123% |
| Current investments50/53 | €132 | €132 | €51 | €10 | €10 | = |
| Cash at bank and in hand54/58 | €2,072 | €19,145 | €34,802 | €320 | €19,728 | ▲ 6,065% |
| Deferred charges and accrued income490/1 | - | €12,328 | €12,328 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,300 | €141,484 | €146,144 | €127,838 | €161,427 | ▲ 26.3% |
| Equity10/15 | -€15,866 | €66,509 | €24,172 | -€29,679 | €32,081 | ▲ 208% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Revaluation surpluses12 | - | €1,860 | - | - | - | - |
| Reserves13 | €1,860 | - | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€30,126 | €52,249 | €9,912 | -€43,939 | €17,821 | ▲ 141% |
| Amounts payable17/49 | €73,166 | €74,975 | €121,972 | €157,517 | €129,346 | ▼ 17.9% |
| Amounts payable after more than one year17 | - | - | - | - | €9,603 | - |
| Financial debts170/4 | - | - | - | - | €9,603 | - |
| Amounts payable within one year42/48 | €73,166 | €74,975 | €121,972 | €157,517 | €119,743 | ▼ 24.0% |
| Trade debts44 | €24,060 | €39,389 | €32,943 | €17,124 | €19,351 | ▲ 13.0% |
| Suppliers440/4 | - | €39,389 | €32,943 | €17,124 | €19,351 | ▲ 13.0% |
| Taxes, remuneration and social security45 | - | €4,586 | €21,029 | €42,893 | €10,392 | ▼ 75.8% |
| Taxes450/3 | - | €2,859 | €15,471 | €95 | €7,507 | ▲ 7,802% |
| Remuneration and social security454/9 | - | €1,727 | €5,558 | €42,798 | €2,885 | ▼ 93.3% |
| Other amounts payable47/48 | - | €31,000 | €68,000 | €97,500 | €90,000 | ▼ 7.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,238 | €82,375 | -€42,337 | -€53,851 | €61,760 | ▲ 215% |
| + Depreciation and write-downs630 | €8,414 | €12,060 | €2,416 | €2,200 | €11,271 | ▲ 412% |
| Operating cash flow (approximation) | -€26,824 | €94,435 | -€39,921 | -€51,651 | €73,031 | ▲ 241% |
| Investment in fixed assets (approximation) | - | -€12,540 | €0 | -€2,608 | -€71,955 | ▼ 2,659% |
| Change in cash | - | €17,073 | €15,657 | -€34,482 | €19,408 | ▲ 156% |
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
2026
07-01
KBO administration
Address strikeout annulled
2025
22-12
KBO administration
Address struck
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 216 days late
2024
31-12
Financial
Back to profitnet €61,760
Net result €61,760 after 2 loss-making years.
2023
31-12
Financial
Weakest financial yearnet -€53,851
Net result drops to -€53,851, the lowest in the series; recovery starts the following year.
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 141 days late
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 171 days late
2021
31-12
Financial
Back to profitnet €82,375
Net result €82,375 after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.53
Current ratio from 0.43 to 1.53.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 88 days late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 125 days late
Show earlier events
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 420 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 527 days late
06-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 889 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Koekelberg · 1 establishment unit since 2016
Ground area
765 m²
Building footprint
302 m²
Volume, LiDAR
2,907 m³
2 parcels, Brussels · tallest building 19.2 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
BH
since 20162.256.209.508
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0096/00V003 | Brussels | 594 m² | 1 · 216 m² | 16.8 m · 2 fl. |
| 21492B0051/00A003 | Brussels | 171 m² | 1 · 87 m² | 19.1 m · 4 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 82,642 companies in sector 70200 we hold annual accounts for 52,626. 34,957 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 (pre-2019)
Founded06-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645654764
Also
9925:BE0645654764
Registered
05-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.