Equity
€516,832 ▼ 17.7%
BHive paid out €221,129 in dividends. That is 201% of the 2025 profit.
BHive
Lifetime
10 annual accounts with figures on one time axispeak €194,732 (2018)
€121,529▼ 32.0%
peak €129,572 (2024)
€110,106▼ 15.0%
peak €627,854 (2024)
€516,832▼ 17.7%
€178,773▲ 271%
Board1 name since 2021
1 directorBEYNE BERNARD
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from €178,593 to €121,529Dividend €221,129Equity from €627,854 to €516,832Debts from €48,125 to €178,773
Key points
from the 2025 annual accountsTurnover
≈ €220,000 estimated
The micro format states no turnover.
Debts
€178,773 ▲ 271%
Debts rose by €130,648 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Liquidity
3.57 was 12.96 in 2024
Short-term debts rose from €46,050 to €176,698.
Filings
10 annual accounts 1 late
The 2025 accounts came 24 days late. The other nine were filed on time.
Position in the sector
€516,832
More equity than 92% of companies in advertising and market research. Sector median €58,793 · 8,621 companies.
Checked score
95
Excellent
Financially stronger than 62% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026highest value
09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 3.57, cash €331,523
Size: total assets €695,605
Equity €516,832 (74.3% of total assets)
Figures for financial year 2025 (filed on 24-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 73% of them on solvency, 84% on liquidity, 65% on profitability and 25% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as BHive has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of BHive itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for BHive. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.57 (12.96 in 2024), above the usual 1.5. Short-term debt is 25.4% and cash 47.7% of total assets. 25.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
9 days early
2023
42 days early
2022
28 days early
2021
53 days early
2020
58 days early
2019
39 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 29 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 3 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0829361282
General meeting · Permanent representative
Gazette deed
General meeting · Director reappointment
Gazette deed
First establishment
BHive BVBA, Heidestraat 35, Destelbergen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BHive Destelbergen | €695,605 | €121,529 | 74.3% | - |
| JDMIT Consulting Anderlecht | €726,671 | €119,693 | 31.5% | - |
| PUYMIROL Seneffe | €656,211 | €121,214 | 44.2% | - |
| BEKOVER Keerbergen | €746,139 | €117,786 | 99.4% | - |
| GREEN BEAN Edegem | €723,547 | €108,012 | 49.3% | 0 |
| ULTRACOM Leuven | €759,292 | €127,132 | 79.6% | - |
| DECOMTECH Grimbergen | €766,874 | €129,106 | 97.8% | - |
These companies have the same main activity as BHive: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €656,000 and €767,000, founded between 2010 and 2011.
Official details
Source: KBO- Status
- Active since 17-09-2010Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 3 others
- Establishment unit
- 2.191.534.5599070 Destelbergen, since 01-10-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 19-06-2024
Insights on BHive
BHive files the micro format. That format states no turnover. The gross margin fell from €166,810 in 2016 to €121,529 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BHive
- What is the company number of BHive?
- The company number of BHive is 0829.361.282. The VAT number is the same number with BE in front: BE 0829.361.282.
- Where is BHive based?
- The registered office is at Heidestraat 35, 9070 Destelbergen.Company details
- What does BHive do?
- According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
- What is the legal form of BHive?
- BHive is a private limited company (pre-2019) (BVBA).
- When was BHive founded?
- BHive was founded on 17-09-2010.
- Is BHive still active?
- Yes, BHive is an active enterprise in the KBO register.
- What is the turnover of BHive?
- The turnover in financial year 2025 is ≈ €220,000. This figure is estimated from the gross margin of €121,529 and 38 comparable companies (NACE 73). It probably lies between €170,000 and €450,000.Financials
- Is BHive profitable?
- In financial year 2025, BHive made a profit of €110,106.
- Where can I find the annual accounts of BHive?
- BHive filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BHive due?
- BHive must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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