BH Commercial Diving
ActiveBH Commercial Diving has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47k and a net result of €-4k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 70% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▲+12
Solvency91=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.74 against 2.73 in 2024; short-term debt: 34.4% and cash: 54.5% of total assets), and 34.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
65.6%
Return on assets
-5.7%
Age of the figures
18 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-4k
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 27-10-2025, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
40 d early
2022
4 d early
2021
51 d early
2020
4 d early
2019
48 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close20-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€47k▼ 8.0%
2024 · €51k
2019: €45k
2020: €47k
2021: €48k
2022: €58k
2023: €86k
2024: €51k
2019 → 2025
Total assets
€71k▼ 7.2%
2024 · €77k
2019: €55k
2020: €62k
2021: €58k
2022: €79k
2023: €118k
2024: €77k
2019 → 2025
Net result
€-4k▲ 89.6%
2024 · €-39k
2019: €6k
2020: €10k
2021: €12k
2022: €32k
2023: €30k
2024: €-39k
2019 → 2025
Working capital
€43k▼ 4.9%
2024 · €45k
2019: €39k
2020: €39k
2021: €44k
2022: €52k
2023: €82k
2024: €45k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€58k▲ 21.6%€86k▲ 48.7%€51k▼ 41.2%€47k▼ 8.0%
Operating result€15k-€42k▲ 174%€42k▲ 0.1%€-37k€-3k▲ 92.6%
Net result€12k-€32k▲ 171%€30k▼ 5.4%€-39k€-4k▲ 89.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €37k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71k
Fixed assets
€4k▼ 32.2%
Current assets
€67k▼ 5.2%
Equity and liabilities €71k
Equity
€47k▼ 8.0%
Debt
€25k▼ 5.6%
The debt ratio rises from 33.9% to 34.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-437▲
2024 · €-35k
Cash flow
€-2k▲
2024 · €-37k
Solvency
65.6%▼
2024 · 66.1%
Current ratio
2.74▲
2024 · 2.73
Quick ratio
2.74▲
2024 · 2.73
Debt / equity
0.53▲
2024 · 0.51
ROE
-8.7%▲
2024 · -76.8%
ROA
-5.7%▲
2024 · -50.8%
Interest coverage
-0.36▲
2024 · -16.71
Debt
€25k▼
2024 · €26k
Debt ≤ 1 year
€25k▼
2024 · €26k
Income taxes
€136▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€77k€71k▼
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€3k€3k▼
Current assets29/58€71k€67k▼
Amounts receivable within one year40/41€23k€19k▼
Trade receivables40€9k€6k▼
Other amounts receivable41€14k€13k▼
Cash at bank and in hand54/58€35k€39k▲
Deferred charges and accrued income490/1€14k€10k▼
Equity and liabilities
Total equity and liabilities10/49€77k€71k▼
Equity10/15€51k€47k▼
Contributions10/11€2k€2k=
Reserves13€84k€84k=
Distributable reserves133€84k€84k=
Profit (loss) carried forward14€-36k€-40k▼
Amounts payable17/49€26k€25k▼
Amounts payable within one year42/48€26k€25k▼
Financial debts43€12€14▲
Credit institutions430/8€12€14▲
Trade debts44€2k€365▼
Suppliers440/4€2k€365▼
Taxes, remuneration and social security45€7k€2k▼
Taxes450/3€2k€0▼
Remuneration and social security454/9€5k€2k▼
Other amounts payable47/48€17k€22k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€214€689▲
Non-recurring operating charges66A€0-
Gross operating margin9900€-35k€252▲
Operating profit (loss)9901€-37k€-3k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-39k€-4k▲
Income taxes67/77€0€136▲
Profit (loss) for the period9904€-39k€-4k▲
Profit (loss) for the period to be appropriated9905€-39k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-40k▼
Profit (loss) brought forward from the previous period14P€3k€-36k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Directors or managers695€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Weakest financial yearnet €-39k ▼229%
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Highest result since 2019net €32k ▲171%
Net result €32k, the highest in the series.
2021
10-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
13-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
07-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
07-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Vorselaar · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Van Rotselaarlaan 372290 VorselaarGround area
1,086 m²
Building footprint
241 m²
Volume, LiDAR
1,040 m³
Parcel 13044E0210/00G000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BH Commercial Diving
since 20122.207.049.215
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13044E0210/00G000 | Flanders | 1,086 m² | 1 · 241 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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TECHNOPIEUX CHARLEROI
BE 0763.534.213
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AANNEMINGEN NOYENS
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FAG CONSTRUCT
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,421. 6,047 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2012
Fiscal year end31-03
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.