BHB
ActiveSummary
BHB has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14.5m and a net result of €446,351. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability43▼-13
Solvency93=
Growth52▼-6
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000,000 at 30 days acceptable
Liquidity short (current ratio 0.64 against 0.86 in 2023; short-term debt: 30.3% and cash: 0.2% of total assets), and 31.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
68.4%
Return on assets
2.1%
Age of the figures
21 mo
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 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
16 d early
2022
5 d early
2021
59 d early
2020
54 d early
2019
45 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 20 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€14.5m▲ 34.7%
2023 · €10.8m
Total assets
€21.2m▲ 33.2%
2023 · €15.9m
Net result
€446,351▼ 62.4%
2023 · €1.2m
Working capital
-€2.3m▼ 222%
2023 · -€717,396
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
Operating result-€30,611€8,690€10,256▲ 18.0%€834,722▲ 8,039%€417,283▼ 50.0%
Net result-€214,015below the sector's middle half-€168,938below the sector's middle half▲ 21.1%-€2.6mbelow the sector's middle half▼ 1,421%€1.2mabove the sector's middle half€446,351above the sector's middle half▼ 62.4%
Equity€12.2mabove the sector's middle half▲ 57.0%€12.6mabove the sector's middle half▲ 3.8%€9.6mabove the sector's middle half▼ 23.9%€10.8mabove the sector's middle half▲ 12.4%€14.5mabove the sector's middle half▲ 34.7%
Total assets€22.4mabove the sector's middle half▼ 15.8%€21.9mabove the sector's middle half▼ 2.3%€19.0mabove the sector's middle half▼ 13.3%€15.9mabove the sector's middle half▼ 16.2%€21.2mabove the sector's middle half▲ 33.2%
Debt€10.3m▼ 45.7%€9.3m▼ 9.5%€9.4m▲ 1.2%€5.1m▼ 45.3%€6.7m▲ 30.2%
Working capital€3.0m▼ 23.9%€3.0m▲ 0.2%€4.4m▲ 45.9%-€717,396-€2.3m▼ 222%
Solvency54.2%within the sector's middle half▲ 25.1pp57.6%within the sector's middle half▲ 3.4pp50.5%within the sector's middle half▼ 7.1pp67.7%within the sector's middle half▲ 17.2pp68.4%within the sector's middle half▲ 0.7pp
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.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -1,421% on 2021. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 50% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €21.2m
Fixed assets
€17.1m ▲ 46.7%
Current assets
€4.1m ▼ 3.7%
Equity and liabilities €21.2m
Equity
€14.5m ▲ 34.7%
Debt
€6.7m ▲ 30.2%
Debt's share of the balance-sheet total falls from 32.3% to 31.6%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.64▼
2023 · 0.86
Debt to equity
0.46▼
2023 · 0.48
ROE
3.1%▼
2023 · 11.0%
ROA
2.1%▼
2023 · 7.5%
Debt ≤ 1 year
€6.4m▲
2023 · €5.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €979 | €980 | €29,660 | €1,094 | ▼ 96.3% |
| Gross operating margin9900 | -€29,634 | €9,669 | €11,236 | €864,382 | €418,376 | ▼ 51.6% |
| Operating profit (loss)9901 | -€30,611 | €8,690 | €10,256 | €834,722 | €417,283 | ▼ 50.0% |
| Financial income75/76B | - | €22,117 | €720,408 | €654,866 | €180,798 | ▼ 72.4% |
| Recurring financial income75 | €31,140 | €22,117 | €23,211 | €654,866 | €24,893 | ▼ 96.2% |
| Non-recurring financial income76B | - | - | €697,196 | - | €155,905 | - |
| Financial charges65/66B | - | €199,745 | €3.3m | €292,899 | €151,730 | ▼ 48.2% |
| Recurring financial charges65 | €202,231 | €199,745 | €199,763 | €202,900 | €151,730 | ▼ 25.2% |
| Non-recurring financial charges66B | - | - | €3.1m | €89,999 | - | - |
| Profit (loss) for the period before taxes9903 | -€201,703 | -€168,938 | -€2.6m | €1.2m | €446,351 | ▼ 62.7% |
| Income taxes67/77 | €12,312 | - | - | €9,536 | - | - |
| Profit (loss) for the period9904 | -€214,015 | -€168,938 | -€2.6m | €1.2m | €446,351 | ▼ 62.4% |
| Profit (loss) for the period to be appropriated9905 | -€214,015 | -€168,938 | -€2.6m | €1.2m | €446,351 | ▼ 62.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22.4m | €21.9m | €19.0m | €15.9m | €21.2m | ▲ 33.2% |
| Fixed assets21/28 | €15.3m | €15.9m | €11.7m | €11.7m | €17.1m | ▲ 46.7% |
| Financial fixed assets28 | €15.3m | €15.9m | €11.7m | €11.7m | €17.1m | ▲ 46.7% |
| Current assets29/58 | €7.1m | €6.0m | €7.3m | €4.3m | €4.1m | ▼ 3.7% |
| Amounts receivable within one year40/41 | €5.5m | €4.6m | €4.2m | €2.1m | €3.4m | ▲ 62.0% |
| Trade receivables40 | - | €126,125 | €194,175 | €148,800 | €640,789 | ▲ 331% |
| Other amounts receivable41 | - | €4.5m | €4.1m | €1.9m | €2.8m | ▲ 41.4% |
| Current investments50/53 | - | - | - | €1.9m | €500,000 | ▼ 73.7% |
| Cash at bank and in hand54/58 | €1.5m | €1.2m | €2.9m | €107,373 | €50,398 | ▼ 53.1% |
| Deferred charges and accrued income490/1 | - | €162,763 | €185,974 | €160,885 | €162,540 | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22.4m | €21.9m | €19.0m | €15.9m | €21.2m | ▲ 33.2% |
| Equity10/15 | €12.2m | €12.6m | €9.6m | €10.8m | €14.5m | ▲ 34.7% |
| Contributions10/11 | - | €7.3m | €7.3m | €7.3m | €10.9m | ▲ 49.0% |
| Revaluation surpluses12 | - | €5.9m | €5.4m | €5.4m | €4.7m | ▼ 13.0% |
| Reserves13 | - | - | - | - | €429,293 | - |
| Distributable reserves133 | - | - | - | - | €429,293 | - |
| Profit (loss) carried forward14 | -€403,611 | -€572,549 | -€3.1m | -€2.0m | -€1.5m | ▲ 22.8% |
| Amounts payable17/49 | €10.3m | €9.3m | €9.4m | €5.1m | €6.7m | ▲ 30.2% |
| Amounts payable after more than one year17 | €5.8m | €5.8m | €5.8m | - | - | - |
| Financial debts170/4 | - | €5.8m | €5.8m | - | - | - |
| Amounts payable within one year42/48 | €4.1m | €2.9m | €2.9m | €5.0m | €6.4m | ▲ 28.9% |
| Trade debts44 | €86,035 | €143,359 | €79,044 | €79,630 | €80,000 | ▲ 0.5% |
| Suppliers440/4 | - | €143,359 | €79,044 | €79,630 | €80,000 | ▲ 0.5% |
| Other amounts payable47/48 | - | €2.8m | €2.8m | €4.9m | €6.3m | ▲ 29.3% |
| Accrued charges and deferred income492/3 | - | €527,885 | €702,679 | €160,892 | €276,716 | ▲ 72.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€214,015 | -€168,938 | -€2.6m | €1.2m | €446,351 | ▼ 62.4% |
| Operating cash flow (approximation) | -€214,015 | -€168,938 | -€2.6m | €1.2m | €446,351 | ▼ 62.4% |
| Investment in fixed assets (approximation) | - | -€632,809 | €4.2m | €46,665 | -€5.5m | ▼ 11,782% |
| Change in cash | - | -€265,032 | €1.7m | -€2.8m | -€56,975 | ▲ 97.9% |
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
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €1.2m
Net result €1.2m after 3 loss-making years.
31-12
Financial
Equity above €10mEq €10.8m ▲12.4%
Equity rises from €9.6m to €10.8m.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€2.6m
Net result drops to -€2.6m, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €10mEq €12.2m ▲57%
Equity rises from €7.7m to €12.2m.
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 45 days late
2019
31-12
Financial
Highest result since 2018net €2.9m ▲398%
Net result €2.9m, the highest in the series.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Waregem · 1 establishment unit since 2004
Ground area
1.2 ha
Building footprint
6,844 m²
Volume, LiDAR
56,199 m³
Parcel 34453F0334/00N002, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
BHB
since 20042.137.617.704
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34453F0334/00N002 | Flanders | 1.2 ha | 1 · 6,844 m² | 10.7 m · 3 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.
Structure & network
Owners and holdings
2 owners · 4 holdings · 4 subsidiaries in the treeOwners 2
- Sourceaccounts BHPE 202450%
- Sourceaccounts VHPE 202450%
Holdings 4
-
100%
-
74.02%
-
47.5%
-
0.01%
All subsidiaries, including indirect ones 4
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- IMMOMAT 100%
MATCO 74.02%2 subsidiaries
Matco Latex Services 100%1 subsidiary
- Matco Chemicals BVNL 100%
According to the 2024 annual accounts of BHB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 5,187 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
Founded20-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862808169
Also
9925:BE0862808169
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.