BHE SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of BHE SOLUTIONS is 1.7% (moderate). The 2025 annual accounts show equity of €160,839 and a net result of €38,772. Equity is growing by ~11.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 28254 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-20
Solvency63▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.84 in 2024; short-term debt: 16.2% and cash: 23.1% of total assets), but 61.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
38.4%
Return on assets
9.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 02-04-2026, 28 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
28 d early
2024
on the day
2023
165 d early
2022
34 d early
2021
44 d early
2020
32 d early
2019
39 d late
← 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 38 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 27 March (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€160,839▲ 31.8%
2024 · €122,067
Total assets
€418,586▲ 33.0%
2024 · €314,761
Net result
€38,772▼ 70.9%
2024 · €133,235
Working capital
€87,456▼ 39.9%
2024 · €145,558
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result€11,878▼ 38.3%€44,844▲ 278%€131,278▲ 193%€175,771▲ 33.9%€55,451▼ 68.5%
Net result€2,108within the sector's middle half▼ 72.6%€28,659above the sector's middle half▲ 1,260%€99,649above the sector's middle half▲ 248%€133,235above the sector's middle half▲ 33.7%€38,772above the sector's middle half▼ 70.9%
Equity€88,124within the sector's middle half▲ 0.6%€55,183within the sector's middle half▼ 37.4%€118,832within the sector's middle half▲ 115%€122,067within the sector's middle half▲ 2.7%€160,839above the sector's middle half▲ 31.8%
Total assets€321,018above the sector's middle half▼ 3.2%€325,949above the sector's middle half▲ 1.5%€446,628above the sector's middle half▲ 37.0%€314,761above the sector's middle half▼ 29.5%€418,586above the sector's middle half▲ 33.0%
Debt€232,894▼ 4.5%€270,766▲ 16.3%€327,796▲ 21.1%€192,694▼ 41.2%€257,746▲ 33.8%
Working capital€75,384within the sector's middle half▲ 7.1%€43,593within the sector's middle half▼ 42.2%€122,692above the sector's middle half▲ 181%€145,558above the sector's middle half▲ 18.6%€87,456within the sector's middle half▼ 39.9%
Solvency27.5%within the sector's middle half▲ 1.0pp16.9%below the sector's middle half▼ 10.5pp26.6%within the sector's middle half▲ 9.7pp38.8%within the sector's middle half▲ 12.2pp38.4%within the sector's middle half▼ 0.4pp
Current ratio6.24above the sector's middle half▲ 2.651.42within the sector's middle half▼ 4.821.66within the sector's middle half▲ 0.242.84within the sector's middle half▲ 1.182.29within the sector's middle half▼ 0.55
Return on assets (ROA)0.7%below the sector's middle half▼ 1.7pp8.8%within the sector's middle half▲ 8.1pp22.3%above the sector's middle half▲ 13.5pp42.3%above the sector's middle half▲ 20.0pp9.3%within the sector's middle half▼ 33.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 68% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €418,586
Fixed assets
€263,236 ▲ 192%
Current assets
€155,350 ▼ 30.8%
Equity and liabilities €418,586
Equity
€160,839 ▲ 31.8%
Debt
€257,746 ▲ 33.8%
Debt's share of the balance-sheet total rises from 61.2% to 61.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€108,548▼
2024 · €225,227
Cash flow
€91,869▼
2024 · €182,691
Quick ratio
1.99▼
2024 · 2.84
Debt to equity
1.60▲
2024 · 1.58
ROE
24.1%▼
2024 · 109.1%
Interest coverage
13.08▼
2024 · 60.88
Debt ≤ 1 year
€67,893▼
2024 · €78,978
Debt > 1 year
€159,642▲
2024 · €99,720
Income taxes
€8,519▼
2024 · €40,925
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% 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
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 26,970 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,730 | €52,037 | €44,749 | €49,456 | €53,097 | ▲ 7.4% |
| Other operating charges640/8 | - | €1,254 | €1,547 | €1,673 | €1,822 | ▲ 8.9% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €60,932 | €98,135 | €177,573 | €226,900 | €110,369 | ▼ 51.4% |
| Operating profit (loss)9901 | €11,878 | €44,844 | €131,278 | €175,771 | €55,451 | ▼ 68.5% |
| Financial income75/76B | - | €214 | €142 | €2,088 | €142 | ▼ 93.2% |
| Recurring financial income75 | €11 | €214 | €142 | €2,088 | €142 | ▼ 93.2% |
| Financial charges65/66B | - | €7,582 | €4,287 | €3,699 | €8,302 | ▲ 124% |
| Recurring financial charges65 | €8,498 | €7,582 | €4,287 | €3,699 | €8,302 | ▲ 124% |
| Profit (loss) for the period before taxes9903 | €3,391 | €37,476 | €127,133 | €174,160 | €47,292 | ▼ 72.8% |
| Income taxes67/77 | €1,283 | €8,817 | €27,484 | €40,925 | €8,519 | ▼ 79.2% |
| Profit (loss) for the period9904 | €2,108 | €28,659 | €99,649 | €133,235 | €38,772 | ▼ 70.9% |
| Profit (loss) for the period to be appropriated9905 | €2,108 | €28,659 | €99,649 | €133,235 | €38,772 | ▼ 70.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €321,018 | €325,949 | €446,628 | €314,761 | €418,586 | ▲ 33.0% |
| Fixed assets21/28 | €231,260 | €179,223 | €138,437 | €90,225 | €263,236 | ▲ 192% |
| Intangible fixed assets21 | €174,740 | €140,365 | €105,990 | €71,615 | €37,240 | ▼ 48.0% |
| Tangible fixed assets22/27 | €56,520 | €38,858 | €32,448 | €18,610 | €225,996 | ▲ 1,114% |
| Land and buildings22 | - | - | - | - | €187,563 | - |
| Plant, machinery and equipment23 | - | €1,490 | €1,270 | €1,050 | €5,264 | ▲ 401% |
| Furniture and vehicles24 | - | €31,930 | €26,489 | €17,560 | €8,467 | ▼ 51.8% |
| Other tangible fixed assets26 | - | €5,439 | €4,689 | €0 | €24,702 | - |
| Current assets29/58 | €89,758 | €146,726 | €308,191 | €224,536 | €155,350 | ▼ 30.8% |
| Stocks and contracts in progress3 | €8,000 | €5,857 | €49,106 | €0 | €20,000 | - |
| Stocks30/36 | - | - | €31,106 | €0 | - | - |
| Contracts in progress37 | - | €5,857 | €18,000 | €0 | €20,000 | - |
| Amounts receivable within one year40/41 | €39,960 | €19,881 | €149,947 | €137,213 | €34,326 | ▼ 75.0% |
| Trade receivables40 | - | €16,788 | €146,915 | €93,563 | €32,495 | ▼ 65.3% |
| Other amounts receivable41 | - | €3,093 | €3,033 | €43,650 | €1,831 | ▼ 95.8% |
| Cash at bank and in hand54/58 | €36,594 | €116,653 | €106,979 | €84,076 | €96,882 | ▲ 15.2% |
| Deferred charges and accrued income490/1 | - | €4,336 | €2,159 | €3,247 | €4,141 | ▲ 27.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €321,018 | €325,949 | €446,628 | €314,761 | €418,586 | ▲ 33.0% |
| Equity10/15 | €88,124 | €55,183 | €118,832 | €122,067 | €160,839 | ▲ 31.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €68,860 | €36,360 | €100,000 | €103,000 | €142,000 | ▲ 37.9% |
| Non-distributable reserves130/1 | - | €0 | - | - | - | - |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Distributable reserves133 | - | €36,360 | €100,000 | €103,000 | €142,000 | ▲ 37.9% |
| Profit (loss) carried forward14 | €664 | €223 | €232 | €467 | €239 | ▼ 48.8% |
| Amounts payable17/49 | €232,894 | €270,766 | €327,796 | €192,694 | €257,746 | ▲ 33.8% |
| Amounts payable after more than one year17 | €200,000 | €147,979 | €124,164 | €99,720 | €159,642 | ▲ 60.1% |
| Financial debts170/4 | - | €147,979 | €124,164 | €99,720 | €74,642 | ▼ 25.1% |
| Other amounts payable178/9 | - | €0 | - | - | €85,000 | - |
| Amounts payable within one year42/48 | €14,374 | €103,133 | €185,499 | €78,978 | €67,893 | ▼ 14.0% |
| Current portion of amounts payable after more than one year42 | - | €23,223 | €23,815 | €24,443 | €25,078 | ▲ 2.6% |
| Trade debts44 | €1,436 | €2,432 | €33,939 | €1,209 | €1,314 | ▲ 8.6% |
| Suppliers440/4 | - | €2,432 | €33,939 | €1,209 | €1,314 | ▲ 8.6% |
| Advances received on contracts in progress46 | - | - | €61,059 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €15,879 | €30,686 | €23,325 | €10,423 | ▼ 55.3% |
| Taxes450/3 | - | €12,763 | €28,477 | €19,559 | €7,115 | ▼ 63.6% |
| Remuneration and social security454/9 | - | €3,116 | €2,209 | €3,766 | €3,309 | ▼ 12.1% |
| Other amounts payable47/48 | - | €61,600 | €36,000 | €30,000 | €31,078 | ▲ 3.6% |
| Accrued charges and deferred income492/3 | - | €19,654 | €18,133 | €13,997 | €30,211 | ▲ 116% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,108 | €28,659 | €99,649 | €133,235 | €38,772 | ▼ 70.9% |
| + Depreciation and write-downs630 | €46,730 | €52,037 | €44,749 | €49,456 | €53,097 | ▲ 7.4% |
| Operating cash flow (approximation) | €48,838 | €80,696 | €144,397 | €182,691 | €91,869 | ▼ 49.7% |
| Investment in fixed assets (approximation) | - | €0 | -€3,963 | -€1,244 | -€226,107 | ▼ 18,071% |
| Change in cash | - | €80,058 | -€9,674 | -€22,903 | €12,806 | ▲ 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
Next filing, fiscal year 2026, expected by
2026
02-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €150,000Eq €160,839 ▲31.8%
7 profitable years in a row build equity to €160,839.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €133,235 ▲33.7%
Operating result €175,771, net result €133,235, both a record.
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Equity above €100,000Eq €118,832 ▲115%
5 profitable years in a row build equity to €118,832.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €2,108 ▼72.6%
Net result drops to €2,108, the lowest in the series; recovery starts the following year.
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Roeselare · 1 establishment unit since 2018
Ground area
664 m²
Building footprint
192 m²
Volume, LiDAR
191 m³
Parcel 36302B1127/00N000, Flanders · tallest building 7.1 m. Linked by address, not a title deed.
1 establishment unit
BHE SOLUTIONS
since 20182.281.762.573
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36302B1127/00N000 | Flanders | 664 m² | 1 · 192 m² | 7.1 m |
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.
Similar companies · same sector, comparable size
VAN BOUWEL PIETER
BE 0828.536.386
Ravels · Eq €160,875
ASM Electric Force
BE 0790.604.042
Grimbergen · Eq €160,890
MILLES & CO
BE 0876.968.288
Lendelede · Eq €160,786
3MADE
BE 0753.612.202
Kontich · Eq €160,726
N&N Cabling Fiber
BE 0757.477.750
Charleroi · Eq €161,043
Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 8,543 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
Founded14-11-2018
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0713526951
Also
9925:BE0713526951
Registered
02-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.