BH Solutions
ActiveSummary
The annual accounts of BH Solutions for fiscal year 2025 show a net loss of 85% of the equity at the start of that year. The 2025 annual accounts show equity of €11,695 and a net result of -€68,012. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 17601 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
What stands out
Overview
0 of 3 deeds read#2 company by total assets in Chastre, Telecoms and IT sectorAccounts 84 d earlyTurnover not published (abridged schema)
Why 44- Higher-failure-rate region- Annual accounts: weaker financial profile- Limited track record- Weak solvency vs sector+ Lower-failure-rate sectorLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability4▼-68
Solvency27▼-11
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.41 against 0.7 in 2024; short-term debt: 30.3% and cash: 5.4% of total assets), and 97.9% of the assets are financed with debt.
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Signals
Six 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
2.1%
Return on assets
-12%
Age of the figures
9 mo
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 dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 17601 sector peers (2025).
NBB · sector comparisonPosition among 17601 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-05-2026, 84 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
84 d early
2024
8 d early
2023
20 d late
2022
6 d early
2021
10 d late
2020
4 d late
2019
130 d 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 28 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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. Usually files around 25 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€68,012
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €569,027Loss -€68,012Solvency 2.1%Liquidity 0.41
Total assets
€569,027▼ 6.7%
2018 - 2025
Net result
-€68,012
2018 - 2025
Equity
€11,695▼ 85.3%
2018 - 2025
Solvency
2.1%▼ 11.0pp
2018 - 2025
Financials · fiscal year 2025, micro schema
In the rankings
#2 company by total assets in Chastre, Telecoms and IT sector
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€53,897▼ 34.2%€24,120▼ 55.2%€57,772▲ 140%€27,458▼ 52.5%-€52,851
Net result€36,018within the sector's middle half▼ 34.1%-€2,899below the sector's middle half€20,643within the sector's middle half€16,302within the sector's middle half▼ 21.0%-€68,012below the sector's middle half
Equity€193,260above the sector's middle half▲ 22.9%€202,762above the sector's middle half▲ 4.9%€223,405above the sector's middle half▲ 10.2%€79,707within the sector's middle half▼ 64.3%€11,695below the sector's middle half▼ 85.3%
Total assets€407,944above the sector's middle half▲ 48.2%€652,322above the sector's middle half▲ 59.9%€640,770above the sector's middle half▼ 1.8%€609,807above the sector's middle half▼ 4.8%€569,027above the sector's middle half▼ 6.7%
Debt€214,684▲ 81.8%€424,884▲ 97.9%€417,365▼ 1.8%€530,100▲ 27.0%€527,451▼ 0.5%
Working capital€123,629above the sector's middle half▼ 4.1%€155,190above the sector's middle half▲ 25.5%€81,798within the sector's middle half▼ 47.3%-€56,827below the sector's middle half-€102,317below the sector's middle half▼ 80.1%
Solvency47.4%within the sector's middle half▼ 9.7pp31.1%below the sector's middle half▼ 16.3pp34.9%within the sector's middle half▲ 3.8pp13.1%below the sector's middle half▼ 21.8pp2.1%below the sector's middle half▼ 11.0pp
Current ratio4.56within the sector's middle half▼ 1.805.84above the sector's middle half▲ 1.292.61within the sector's middle half▼ 3.230.70below the sector's middle half▼ 1.910.41below the sector's middle half▼ 0.29
Return on assets (ROA)8.8%within the sector's middle half▼ 11.0pp-0.4%below the sector's middle half▼ 9.3pp3.2%below the sector's middle half▲ 3.7pp2.7%below the sector's middle half▼ 0.5pp-12.0%below the sector's middle half▼ 14.6pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €52,851 after €27,458 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €569,027
Fixed assets
€498,893 ▲ 4.7%
Current assets
€70,133 ▼ 47.4%
Equity and liabilities €569,027
Equity
€11,695 ▼ 85.3%
Provisions
€29,881
Debt
€527,451 ▼ 0.5%
Debt's share of the balance-sheet total rises from 86.9% to 92.7%. Equity and debt are lower.
Key figures and ratios
Key figures and ratios
EBITDA
-€467▼
2024 · €68,415
Cash flow
-€15,628▼
2024 · €57,259
Quick ratio
0.38▼
2024 · 0.67
Debt to equity
45.10▲
2024 · 6.65
ROE
-581.6%▼
2024 · 20.5%
Interest coverage
-0.03▼
2024 · 6.37
Debt ≤ 1 year
€172,451▼
2024 · €190,275
Debt > 1 year
€352,822▲
2024 · €338,807
Income taxes
€213▼
2024 · €1,062
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 450 companies that looked in July 2024 the way this one looks now, 6.4% went bankrupt within 24 months and 87% are still going.
- Small
- solvency under 10%
- a loss of 10% of the balance sheet or more
- without age
6.4%
went bankrupt
5.3%
stopped otherwise
87%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.8% |
| 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 450 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,377 | €31,284 | €38,726 | €40,957 | €52,384 | ▲ 27.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €24,676 | -€24,676 | - | €29,881 | - |
| Other operating charges640/8 | €596 | €1,338 | €346 | €947 | €3,173 | ▲ 235% |
| Gross operating margin9900 | €76,869 | €81,418 | €72,167 | €69,362 | €32,587 | ▼ 53.0% |
| Operating profit (loss)9901 | €53,897 | €24,120 | €57,772 | €27,458 | -€52,851 | ▼ 292% |
| Financial income75/76B | - | - | €3 | €649 | €795 | ▲ 22.5% |
| Recurring financial income75 | - | - | €3 | €649 | €795 | ▲ 22.5% |
| Financial charges65/66B | €3,298 | €19,662 | €36,890 | €10,743 | €15,743 | ▲ 46.5% |
| Recurring financial charges65 | €3,298 | €19,662 | €36,890 | €10,743 | €15,743 | ▲ 46.5% |
| Profit (loss) for the period before taxes9903 | €50,599 | €4,458 | €20,885 | €17,364 | -€67,800 | ▼ 490% |
| Income taxes67/77 | €14,581 | €7,357 | €242 | €1,062 | €213 | ▼ 80.0% |
| Profit (loss) for the period9904 | €36,018 | -€2,899 | €20,643 | €16,302 | -€68,012 | ▼ 517% |
| Profit (loss) for the period to be appropriated9905 | €36,018 | -€2,899 | €20,643 | €16,302 | -€68,012 | ▼ 517% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €407,944 | €652,322 | €640,770 | €609,807 | €569,027 | ▼ 6.7% |
| Fixed assets21/28 | €249,572 | €465,096 | €508,225 | €476,359 | €498,893 | ▲ 4.7% |
| Intangible fixed assets21 | €471 | - | - | - | - | - |
| Tangible fixed assets22/27 | €249,101 | €465,096 | €508,225 | €476,359 | €498,893 | ▲ 4.7% |
| Land and buildings22 | €152,715 | €184,137 | €398,935 | €384,966 | €370,997 | ▼ 3.6% |
| Plant, machinery and equipment23 | €672 | - | - | - | - | - |
| Furniture and vehicles24 | €22,993 | €19,556 | €34,729 | €28,859 | €30,246 | ▲ 4.8% |
| Leasing and similar rights25 | €33,983 | €28,733 | €23,484 | €18,236 | €60,131 | ▲ 230% |
| Other tangible fixed assets26 | €38,738 | €49,816 | €51,077 | €44,298 | €37,519 | ▼ 15.3% |
| Assets under construction and advance payments27 | - | €182,853 | - | - | - | - |
| Current assets29/58 | €158,372 | €187,226 | €132,545 | €133,448 | €70,133 | ▼ 47.4% |
| Amounts receivable after more than one year29 | - | - | - | €13,440 | €5,721 | ▼ 57.4% |
| Other amounts receivable291 | - | - | - | €13,440 | €5,721 | ▼ 57.4% |
| Stocks and contracts in progress3 | €4,452 | €4,991 | €5,317 | €5,997 | €4,927 | ▼ 17.8% |
| Stocks30/36 | €4,452 | €4,991 | €5,317 | €5,997 | €4,927 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €25,020 | €80,489 | €43,447 | €25,493 | €24,916 | ▼ 2.3% |
| Trade receivables40 | €24,001 | €38,124 | €17,211 | €20,555 | €20,725 | ▲ 0.8% |
| Other amounts receivable41 | €1,019 | €42,365 | €26,236 | €4,938 | €4,191 | ▼ 15.1% |
| Cash at bank and in hand54/58 | €128,163 | €99,677 | €75,871 | €86,404 | €30,930 | ▼ 64.2% |
| Deferred charges and accrued income490/1 | €737 | €2,069 | €7,910 | €2,113 | €3,639 | ▲ 72.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €407,944 | €652,322 | €640,770 | €609,807 | €569,027 | ▼ 6.7% |
| Equity10/15 | €193,260 | €202,762 | €223,405 | €79,707 | €11,695 | ▼ 85.3% |
| Contributions10/11 | €8,060 | €20,460 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Distributable reserves133 | €35,000 | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Profit (loss) carried forward14 | €150,200 | €147,302 | €167,945 | €24,247 | -€43,765 | ▼ 280% |
| Provisions and deferred taxes16 | - | €24,676 | - | - | €29,881 | - |
| Provisions for liabilities and charges160/5 | - | €24,676 | - | - | €29,881 | - |
| Other liabilities and charges164/5 | - | €24,676 | - | - | €29,881 | - |
| Amounts payable17/49 | €214,684 | €424,884 | €417,365 | €530,100 | €527,451 | ▼ 0.5% |
| Amounts payable after more than one year17 | €178,923 | €391,809 | €365,590 | €338,807 | €352,822 | ▲ 4.1% |
| Financial debts170/4 | €178,923 | €391,809 | €365,590 | €338,807 | €352,822 | ▲ 4.1% |
| Amounts payable within one year42/48 | €34,743 | €32,036 | €50,747 | €190,275 | €172,451 | ▼ 9.4% |
| Current portion of amounts payable after more than one year42 | €16,989 | €25,726 | €26,220 | €26,783 | €35,433 | ▲ 32.3% |
| Financial debts43 | - | - | - | €61 | €67 | ▲ 10.3% |
| Credit institutions430/8 | - | - | - | €61 | €67 | ▲ 10.3% |
| Trade debts44 | €4,602 | €2,101 | €1,763 | €4,532 | €327 | ▼ 92.8% |
| Suppliers440/4 | €4,602 | €2,101 | €1,763 | €4,532 | €327 | ▼ 92.8% |
| Taxes, remuneration and social security45 | €2,417 | €506 | €545 | €3,841 | €4,269 | ▲ 11.1% |
| Taxes450/3 | €2,417 | €506 | €545 | €3,841 | €4,269 | ▲ 11.1% |
| Other amounts payable47/48 | €10,735 | €3,703 | €22,219 | €155,058 | €132,355 | ▼ 14.6% |
| Accrued charges and deferred income492/3 | €1,017 | €1,038 | €1,028 | €1,018 | €2,178 | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,018 | -€2,899 | €20,643 | €16,302 | -€68,012 | ▼ 517% |
| + Depreciation and write-downs630 | €22,377 | €31,284 | €38,726 | €40,957 | €52,384 | ▲ 27.9% |
| Operating cash flow (approximation) | €58,394 | €28,385 | €59,369 | €57,259 | -€15,628 | ▼ 127% |
| Investment in fixed assets (approximation) | - | -€246,807 | -€81,855 | -€9,092 | -€74,919 | ▼ 724% |
| Change in cash | - | -€28,486 | -€23,806 | €10,533 | -€55,474 | ▼ 627% |
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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Of 16,913 companies in this sector we hold annual accounts for 8,787. 4,781 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
14 eventsLatest 08-05-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€68,012
Net result drops to -€68,012, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Back to profitnet €20,643
Net result €20,643 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €202,762 ▲4.9%
Equity rises from €193,260 to €202,762.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
31-12
Financial
Equity above €150,000Eq €157,243 ▲49.6%
3 profitable years in a row build equity to €157,243.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €66,288 ▲78.4%
Operating result €84,273, net result €66,288, both a record.
31-12
Financial
Equity above €100,000Eq €105,122 ▲142%
2 profitable years in a row build equity to €105,122.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Support & recognitions
1 register with a recognitionLEI issued
LEI
active
254900R236P49I97I078
Recognitions · licences · registrations
Legal Entity Identifier
254900R236P49I97I078
Company details
Private limited company · founded 28-03-2018Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded28-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
32130Manufacture of imitation jewellery and related articles
47120Other non-specialised retail sale
47770Retail sale of watches and jewellery
62200Computer consultancy and computer facilities management
95250Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
E-mail
julien@bhsolutions.beChastre
Phone
0497 51 99 70Chastre
E-invoicing
Reachable via Peppol
Peppol ID
0208:0693677979
Also
9925:BE0693677979
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Chastre · 1 establishment unit since 2018
Ground area
899 m²
Building footprint
131 m²
Volume, LiDAR
902 m³
Parcel 25017A0585/00N000, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BH Solutions
since 2018unit no. 2.274.802.725
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25017A0585/00N000 | Wallonia | 899 m² | 1 · 131 m² | 9.3 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.
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