BHINVEST

Active

Private limited companyfounded 201214 yrs activeGoedheidsstraat 5, 1000 Brussel, BelgiumKBO/BCE: BE 0842.407.584

The computed 12-month bankruptcy probability of BHINVEST is 2.1% (moderate). The 2024 annual accounts show negative equity (€-2.91M) and a net result of €-4.05M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 493 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

7 / 100

Critical= vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency35▲+28

Growth32▼-20

Stability100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.58 against 0.74 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

-8%

Return on assets

-11.1%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€2.9M

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

62 d late

2023

75 d late

2022

30 d late

2021

19 d late

2020

101 d late

2019

117 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-4.05M▼ 20.3%

2023 · €-3.37M

2018: €-1.26M 2019: €-1.55M 2020: €-1.67M 2021: €-2.76M 2022: €-2.53M 2023: €-3.37M

2018 → 2024

Working capital

€-3.86M▼ 69.9%

2023 · €-2.27M

2018: €-19.58M 2019: €-16.17M 2020: €-8.87M 2021: €-11.51M 2022: €2.63M 2023: €-2.27M

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€5.70M-€2.91M▼ 48.9%€4.56M▲ 56.5%€1.17M▼ 74.4%€-2.91M

Operating result€-678k-€-962k▼ 41.8%€-959k▲ 0.2%€-1.35M▼ 41.1%€-1.58M▼ 16.8%

Net result€-1.67M-€-2.76M▼ 65.7%€-2.53M▲ 8.4%€-3.37M▼ 33.1%€-4.05M▼ 20.3%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €1.58M in 2024 against €1.35M in 2023; the loss grows and 2024 is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €36.36M

85.3%

14.7%

Fixed assets €31.01M▼ 2.2%

Current assets €5.36M▼ 19.2%

Key figures and ratios

2024 value · change against 2023

EBITDA

€210k▲

2023 · €-287k

Cash flow

€-2.26M▲

2023 · €-2.30M

Solvency

-8.0%▼

2023 · 3.0%

Current ratio

0.58▼

2023 · 0.74

Quick ratio

0.58▼

2023 · 0.74

Debt / equity

-13.51▼

2023 · 31.81

ROE

139.3%▲

2023 · -288.1%

ROA

-11.1%▼

2023 · -8.8%

Interest coverage

0.08▲

2023 · -0.12

Debt

€39.27M▲

2023 · €37.16M

Debt ≤ 1 year

€9.22M▲

2023 · €8.90M

Debt > 1 year

€30.05M▲

2023 · €28.26M

Staff costs

€35k▼

2023 · €39k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€38.32M€36.36M▼

Fixed assets21/28€31.70M€31.01M▼

Tangible fixed assets22/27€23.46M€22.77M▼

Land and buildings22€23.45M€22.76M▼

Plant, machinery and equipment23€13k€7k▼

Financial fixed assets28€8.24M€8.24M=

Current assets29/58€6.63M€5.36M▼

Amounts receivable within one year40/41€6.56M€5.31M▼

Trade receivables40€760k€318k▼

Other amounts receivable41€5.80M€4.99M▼

Cash at bank and in hand54/58€66k€42k▼

Deferred charges and accrued income490/1€1k€3k▲

Equity and liabilities

Total equity and liabilities10/49€38.32M€36.36M▼

Equity10/15€1.17M€-2.91M▼

Contributions10/11€17k€17k=

Revaluation surpluses12€13.39M€13.39M=

Reserves13€744k€744k=

Distributable reserves133€744k€744k=

Profit (loss) carried forward14€-13.58M€-17.63M▼

Investment grants15€600k€574k▼

Amounts payable17/49€37.16M€39.27M▲

Amounts payable after more than one year17€28.26M€30.05M▲

Financial debts170/4€11.00M€10.40M▼

Other amounts payable178/9€17.26M€19.65M▲

Amounts payable within one year42/48€8.90M€9.22M▲

Current portion of amounts payable after more than one year42€0€346k▲

Trade debts44€900k€195k▼

Suppliers440/4€900k€195k▼

Taxes, remuneration and social security45€140k€29k▼

Taxes450/3€134k€24k▼

Remuneration and social security454/9€6k€5k▼

Other amounts payable47/48€7.86M€8.65M▲

Income statement Code20232024

Remuneration, social security and pensions62€39k€35k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.07M€1.79M▲

Other operating charges640/8€80k€95k▲

Gross operating margin9900€-168k€340k▲

Operating profit (loss)9901€-1.35M€-1.58M▼

Financial income75/76B€326k€157k▼

Recurring financial income75€326k€157k▼

Financial charges65/66B€2.34M€2.63M▲

Recurring financial charges65€2.34M€2.63M▲

Profit (loss) for the period before taxes9903€-3.37M€-4.05M▼

Profit (loss) for the period9904€-3.37M€-4.05M▼

Profit (loss) for the period to be appropriated9905€-3.37M€-4.05M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-13.58M€-17.63M▼

Profit (loss) brought forward from the previous period14P€-10.22M€-13.58M▼

The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

2025

01-10

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 62 days late

2024

31-12

Financial Weakest financial yearnet €-4.05M

Net result drops to €-4.05M, the lowest in the series.

14-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 75 days late

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-12

Financial Liquidity times 7current ratio 2.29

Current ratio from 0.33 to 2.29; short-term debt falls from €17.20M to €2.04M.

19-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 19 days late

2021

09-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 101 days late

2020

31-12

Financial Equity above €5MEq €5.70M

Equity rises from €-2.54M to €5.70M.

25-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 117 days late

2019

30-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 30 days late

2018

27-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 58 days late

2017

27-07

NBB filing Annual accounts filed

fiscal year 2016 · full schema

2016

30-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 61 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

9 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, Brussel · 3 establishment units since 2011

establishment All 3 establishment units on the map

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.

Goedheidsstraat 51000 Brussel

Ground area

2,060 m²

Building footprint

1,763 m²

Volume, LiDAR

36,274 m³

4 parcels, Brussels · tallest building 34.2 m, ±8 floors. Linked by address, not a title deed.

3 establishment units

Capouilletstraat 50, 1060 Sint-Gillis (bij-Brussel)

Office administrative, office support and other business support activities

since 20112.207.886.581

Antwerpselaan 32, 1000 Brussel

Hotels and similar accommodation

since 20152.238.393.576

Wolvengracht 46, 1000 Brussel

Hotels and similar accommodation

since 20172.265.674.431

4 parcels

Brussels 4 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21013B0040/00H022	Brussels	827 m²	1 · 587 m²	23.9 m · 7 fl.
21802B0872/00W000	Brussels	746 m²	1 · 718 m²	34.2 m · 7 fl.
21812N1434/00G000	Brussels	380 m²	1 · 458 m²	28.5 m · 8 fl.
21807G0022/00B002	Brussels	107 m²	-	-