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BH CONCEPT

Active
Private limited companyfounded 20206 yrs activeKBO/BCE: BE 0754.540.036
Summary

The computed 12-month bankruptcy probability of BH CONCEPT is 7.9% (elevated). The 2024 annual accounts show equity of €65,796 and a net result of €45,073. Equity is growing by ~77.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 6719 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Checked score

Score 2024
59 / 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+15
Solvency100▲+10
Growth78=
Track record92
Bankruptcy probability, 12 months
7.9% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity ample (current ratio 4.61 against 1.25 in 2023; short-term debt: 12.6% and cash: 11.5% of total assets), and 13.7% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
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 25-03-2025, 128 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
128 d early
2023
65 d late
2022
59 d late
2021
17 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 3 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck

History

On 17 September 2020, BH CONCEPT was incorporated as a Private limited company.1 Total assets went from EUR 10,293 in 2021 to EUR 76,263 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€701,424
EBIT margin
7.6%
Net result
€45,073
2023 · -€1,576
Working capital
€34,629▲ 1,120%
2023 · €2,838
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line2021202220232024
Turnover€701,424
Operating result-€1,967-€18,296-€1,395€53,073
Net result-€1,967below the sector's middle half-€14,266within the sector's middle half-€1,576within the sector's middle half€45,073above the sector's middle half
EBIT margin7.6%
Equity€8,033below the sector's middle half-€22,299within the sector's middle half▲ 178%€20,723within the sector's middle half▼ 7.1%€65,796within the sector's middle half▲ 217%
Total assets€10,293below the sector's middle half-€28,012below the sector's middle half▲ 172%€31,961below the sector's middle half▲ 14.1%€76,263within the sector's middle half▲ 139%
Debt€2,260-€5,713▲ 153%€11,238▲ 96.7%€10,467▼ 6.9%
Working capital€8,033within the sector's middle half-€16,899within the sector's middle half▲ 110%€2,838within the sector's middle half▼ 83.2%€34,629within the sector's middle half▲ 1,120%
Solvency78.0%above the sector's middle half-79.6%above the sector's middle half▲ 1.6pp64.8%within the sector's middle half▼ 14.8pp86.3%above the sector's middle half▲ 21.4pp
Current ratio4.55above the sector's middle half-3.96above the sector's middle half▼ 0.601.25within the sector's middle half▼ 2.714.61above the sector's middle half▲ 3.36
Return on assets (ROA)-19.1%below the sector's middle half-50.9%above the sector's middle half▲ 70.0pp-4.9%below the sector's middle half▼ 55.9pp59.1%above the sector's middle half▲ 64.0pp
above within below the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000€0€20,000€40,000€60,000Operating result 2021: -€1,967-€1,967Net result 2021: -€1,967-€1,967Operating result 2022: €18,296€18,296Net result 2022: €14,266€14,266Operating result 2023: -€1,395-€1,395Net result 2023: -€1,576-€1,576Operating result 2024: €53,073€53,073Net result 2024: €45,073€45,0732021202220232024-€20,000€0€20,000€40,000€60,000Operating result 2022: €18,296€18,300Net result 2022: €14,266€14,300Operating result 2023: -€1,395-€1,390Net result 2023: -€1,576-€1,580Operating result 2024: €53,073€53,100Net result 2024: €45,073€45,100202220232024
The operating result returns to profit in 2024: €53,073 after a loss of €1,395 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €76,263
Fixed assets €32,041 ▲ 79.1%
Current assets €44,221 ▲ 214%
Equity and liabilities €76,263
Equity €65,796 ▲ 217%
Debt €10,467 ▼ 6.9%
Debt's share of the balance-sheet total falls from 35.2% to 13.7%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€61,858▲
2023 · €4,912
Cash flow
€53,858▲
2023 · €4,731
Debt to equity
0.16▼
2023 · 0.54
ROE
68.5%▲
2023 · -7.6%
Debt ≤ 1 year
€9,593▼
2023 · €11,238
Income taxes
€8,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 7.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€31,961€76,263▲
Fixed assets21/28€17,885€32,041▲
Tangible fixed assets22/27€17,885€32,041▲
Plant, machinery and equipment23€619€2,575▲
Furniture and vehicles24€17,267€12,588▼
Leasing and similar rights25-€874
Other tangible fixed assets26-€16,004
Current assets29/58€14,076€44,221▲
Amounts receivable within one year40/41€8,871€35,478▲
Trade receivables40€841€35,478▲
Other amounts receivable41€8,030-
Cash at bank and in hand54/58€5,205€8,743▲
Equity and liabilities
Total equity and liabilities10/49€31,961€76,263▲
Equity10/15€20,723€65,796▲
Contributions10/11€10,000€10,000=
Profit (loss) carried forward14€10,723€55,796▲
Amounts payable17/49€11,238€10,467▼
Amounts payable within one year42/48€11,238€9,593▼
Trade debts44€3,790€2,015▼
Suppliers440/4€3,790€2,015▼
Taxes, remuneration and social security45€7,370€7,500▲
Taxes450/3€7,370€7,500▲
Other amounts payable47/48€78€78=
Accrued charges and deferred income492/3-€874
Income statement Code20232024
Turnover70-€701,424
Goods, raw materials, services and sundry goods60/61-€636,323
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,307€8,785▲
Other operating charges640/8€1,598€2,366▲
Non-recurring operating charges66A€545€877▲
Gross operating margin9900€7,056€65,101▲
Operating profit (loss)9901-€1,395€53,073▲
Financial charges65/66B€181-
Recurring financial charges65€181-
Profit (loss) for the period before taxes9903-€1,576€53,073▲
Income taxes67/77-€8,000
Profit (loss) for the period9904-€1,576€45,073▲
Profit (loss) for the period to be appropriated9905-€1,576€45,073▲
Appropriation of the result
Profit (loss) to be appropriated9906€10,723€55,796▲
Profit (loss) brought forward from the previous period14P€12,299€10,723▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Turnover70---€701,424-
Non-recurring operating income76A-€10,663---
Goods, raw materials, services and sundry goods60/61---€636,323-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2,700€6,307€8,785▲ 39.3%
Other operating charges640/8€973€1,187€1,598€2,366▲ 48.1%
Non-recurring operating charges66A--€545€877▲ 60.8%
Gross operating margin9900-€994€22,183€7,056€65,101▲ 823%
Operating profit (loss)9901-€1,967€18,296-€1,395€53,073▲ 3,906%
Financial income75/76B-€0---
Recurring financial income75-€0---
Financial charges65/66B-€82€181--
Recurring financial charges65-€82€181--
Profit (loss) for the period before taxes9903-€1,967€18,213-€1,576€53,073▲ 3,468%
Income taxes67/77-€3,947-€8,000-
Profit (loss) for the period9904-€1,967€14,266-€1,576€45,073▲ 2,960%
Profit (loss) for the period to be appropriated9905-€1,967€14,266-€1,576€45,073▲ 2,960%
Line2021202220232024Change
Assets
Total assets20/58€10,293€28,012€31,961€76,263▲ 139%
Fixed assets21/28-€5,400€17,885€32,041▲ 79.1%
Tangible fixed assets22/27-€5,400€17,885€32,041▲ 79.1%
Plant, machinery and equipment23--€619€2,575▲ 316%
Furniture and vehicles24-€5,400€17,267€12,588▼ 27.1%
Leasing and similar rights25---€874-
Other tangible fixed assets26---€16,004-
Current assets29/58€10,293€22,612€14,076€44,221▲ 214%
Amounts receivable within one year40/41€10,087€2,693€8,871€35,478▲ 300%
Trade receivables40--€841€35,478▲ 4,119%
Other amounts receivable41€10,087€2,693€8,030--
Cash at bank and in hand54/58€206€19,918€5,205€8,743▲ 68.0%
Equity and liabilities
Total equity and liabilities10/49€10,293€28,012€31,961€76,263▲ 139%
Equity10/15€8,033€22,299€20,723€65,796▲ 217%
Contributions10/11€10,000€10,000€10,000€10,000=
Profit (loss) carried forward14-€1,967€12,299€10,723€55,796▲ 420%
Amounts payable17/49€2,260€5,713€11,238€10,467▼ 6.9%
Amounts payable within one year42/48€2,260€5,713€11,238€9,593▼ 14.6%
Trade debts44€255€169€3,790€2,015▼ 46.8%
Suppliers440/4€255€169€3,790€2,015▼ 46.8%
Taxes, remuneration and social security45-€5,543€7,370€7,500▲ 1.8%
Taxes450/3-€5,543€7,370€7,500▲ 1.8%
Other amounts payable47/48€2,005-€78€78=
Accrued charges and deferred income492/3---€874-
Line2021202220232024Change
Profit (loss) for the period9904-€1,967€14,266-€1,576€45,073▲ 2,960%
+ Depreciation and write-downs630-€2,700€6,307€8,785▲ 39.3%
Operating cash flow (approximation)-€1,967€16,966€4,731€53,858▲ 1,038%
Investment in fixed assets (approximation)---€18,792-€22,941▼ 22.1%
Change in cash-€19,713-€14,713€3,538▲ 124%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
23-02
KBO administration Address struck
2025
25-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €45,073
Net result €45,073 after one loss-making year.
31-12
Financial Liquidity quadruplescurrent ratio 4.61
Current ratio from 1.25 to 4.61; short-term debt falls from €11,238 to €9,593.
04-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
28-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial Back to profitnet €14,266
Net result €14,266 after one loss-making year.
17-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts

We know of 17 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
17 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, Sint-Jans-Molenbeek · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
627 m²
Building footprint
384 m²
Volume, LiDAR
2,771 m³
2 parcels, Brussels · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
345 companies at this address See who is registered here
1 establishment unit
BH CONCEPT
NACE 45113
since 20202.308.483.402
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21524C0041/00R019 Brussels 317 m² 1 · 141 m² 11.2 m · 3 fl.
21526D0069/02A005 Brussels 310 m² 1 · 243 m² 10.9 m · 2 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.

Similar companies · same sector, comparable size

Of 6,683 companies in sector 49330 we hold annual accounts for 2,299. 1,801 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
Founded17-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID 0208:0754540036
Also 9925:BE0754540036
Registered 21-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.