BHive
ActiveSummary
BHive has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €517k and a net result of €110k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 70% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-4
Solvency99▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 3.57 against 12.96 in 2024; short-term debt: 25.4% and cash: 47.7% of total assets), and 25.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
74.3%
Return on assets
15.8%
Age of the figures
9 mo
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
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: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
9 d early
2023
42 d early
2022
28 d early
2021
53 d early
2020
58 d early
2019
39 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€517k▼ 17.7%
2024 · €628k
2018: €327klowest in 8 years
2019: €338k▲ +3.1% vs 2018
2020: €418k▲ +23.9% vs 2019
2021: €412k▼ -1.5% vs 2020
2022: €494k▲ +19.8% vs 2021
2023: €498k▲ +1.0% vs 2022
2024: €628k▲ +26.0% vs 2023highest in 8 years
2025: €517k▼ -17.7% vs 2024
2018 → 2025
Total assets
€696k▲ 2.9%
2024 · €676k
2018: €428k
2019: €397k▼ -7.2% vs 2018lowest in 8 years
2020: €459k▲ +15.6% vs 2019
2021: €535k▲ +16.5% vs 2020
2022: €534k▼ -0.2% vs 2021
2023: €566k▲ +6.0% vs 2022
2024: €676k▲ +19.4% vs 2023
2025: €696k▲ +2.9% vs 2024highest in 8 years
2018 → 2025
Net result
€110k▼ 15.0%
2024 · €130k
2018: €112k
2019: €40k▼ -64.5% vs 2018lowest in 8 years
2020: €81k▲ +103% vs 2019
2021: €112k▲ +38.6% vs 2020
2022: €82k▼ -26.9% vs 2021
2023: €77k▼ -6.2% vs 2022
2024: €130k▲ +69.2% vs 2023highest in 8 years
2025: €110k▼ -15.0% vs 2024
2018 → 2025
Working capital
€453k▼ 17.7%
2024 · €551k
2018: €236klowest in 8 years
2019: €259k▲ +9.8% vs 2018
2020: €355k▲ +37.0% vs 2019
2021: €357k▲ +0.5% vs 2020
2022: €451k▲ +26.6% vs 2021
2023: €449k▼ -0.6% vs 2022
2024: €551k▲ +22.7% vs 2023highest in 8 years
2025: €453k▼ -17.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€412k-€494k▲ 19.8%€498k▲ 1.0%€628k▲ 26.0%€517k▼ 17.7%
2021: €412klowest in 5 years
2022: €494k▲ +19.8% vs 2021
2023: €498k▲ +1.0% vs 2022
2024: €628k▲ +26.0% vs 2023highest in 5 years
2025: €517k▼ -17.7% vs 2024
Operating result€161k-€57k▼ 64.2%€95k▲ 65.6%€160k▲ 68.0%€98k▼ 38.5%
2021: €161khighest in 5 years
2022: €57k▼ -64.2% vs 2021lowest in 5 years
2023: €95k▲ +65.6% vs 2022
2024: €160k▲ +68.0% vs 2023
2025: €98k▼ -38.5% vs 2024
Net result€112k-€82k▼ 26.9%€77k▼ 6.2%€130k▲ 69.2%€110k▼ 15.0%
2021: €112k
2022: €82k▼ -26.9% vs 2021
2023: €77k▼ -6.2% vs 2022lowest in 5 years
2024: €130k▲ +69.2% vs 2023highest in 5 years
2025: €110k▼ -15.0% vs 2024
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 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €696k
Fixed assets
€66k ▼ 17.1%
Current assets
€630k ▲ 5.5%
Equity and liabilities €696k
Equity
€517k ▼ 17.7%
Debt
€179k ▲ 271%
Debt's share of the balance-sheet total rises from 7.1% to 25.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€120k▼
2024 · €175k
Cash flow
€132k▼
2024 · €144k
Current ratio
3.57▼
2024 · 12.96
Debt to equity
0.35▲
2024 · 0.08
ROE
21.3%▲
2024 · 20.6%
ROA
15.8%▼
2024 · 19.2%
Interest coverage
108.14▼
2024 · 1055.02
Debt ≤ 1 year
€177k▲
2024 · €46k
Income taxes
€33k▼
2024 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€676k€696k▲
Fixed assets21/28€79k€66k▼
Tangible fixed assets22/27€79k€66k▼
Land and buildings22€12k€5k▼
Plant, machinery and equipment23€5k€5k▲
Furniture and vehicles24€54k€41k▼
Other tangible fixed assets26€8k€14k▲
Current assets29/58€597k€630k▲
Amounts receivable within one year40/41€27k€37k▲
Trade receivables40€23k€10k▼
Other amounts receivable41€4k€27k▲
Current investments50/53€210k€258k▲
Cash at bank and in hand54/58€357k€332k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€676k€696k▲
Equity10/15€628k€517k▼
Contributions10/11€19k€19k=
Reserves13€609k€498k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€128€128=
Distributable reserves133€607k€496k▼
Amounts payable17/49€48k€179k▲
Amounts payable within one year42/48€46k€177k▲
Trade debts44€1k€851▼
Suppliers440/4€1k€851▼
Taxes, remuneration and social security45€42k€51k▲
Taxes450/3€42k€51k▲
Other amounts payable47/48€3k€124k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Non-recurring operating income76A€8k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€22k▲
Other operating charges640/8€2k€1k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€179k€122k▼
Operating profit (loss)9901€160k€98k▼
Financial income75/76B€30k€46k▲
Recurring financial income75€30k€46k▲
Financial charges65/66B€165€1k▲
Recurring financial charges65€165€1k▲
Profit (loss) for the period before taxes9903€190k€143k▼
Income taxes67/77€60k€33k▼
Profit (loss) for the period9904€130k€110k▼
Profit (loss) for the period to be appropriated9905€130k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€130k€110k▼
Transfer from equity791/2-€221k
Transfer to equity691/2€130k€110k▼
To other reserves6921€130k€110k▼
Profit to be distributed694/7-€221k
Return on contributions (dividend)694-€221k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5k | €8k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €15k | €11k | €15k | €22k | ▲ 49.7% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €1k | ▼ 27.9% |
| Non-recurring operating charges66A | - | - | €1k | €2k | - | - |
| Gross operating margin9900 | €177k | €74k | €109k | €179k | €122k | ▼ 32.0% |
| Operating profit (loss)9901 | €161k | €57k | €95k | €160k | €98k | ▼ 38.5% |
| Financial income75/76B | €300 | €48k | €4k | €30k | €46k | ▲ 51.7% |
| Recurring financial income75 | €300 | €48k | €4k | €30k | €46k | ▲ 51.7% |
| Financial charges65/66B | €147 | €1k | €153 | €165 | €1k | ▲ 573% |
| Recurring financial charges65 | €147 | €1k | €153 | €165 | €1k | ▲ 573% |
| Profit (loss) for the period before taxes9903 | €161k | €104k | €99k | €190k | €143k | ▼ 24.6% |
| Income taxes67/77 | €49k | €22k | €22k | €60k | €33k | ▼ 45.1% |
| Profit (loss) for the period9904 | €112k | €82k | €77k | €130k | €110k | ▼ 15.0% |
| Transfer from tax-exempt reserves789 | €97 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €112k | €82k | €77k | €130k | €110k | ▼ 15.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €535k | €534k | €566k | €676k | €696k | ▲ 2.9% |
| Fixed assets21/28 | €55k | €44k | €49k | €79k | €66k | ▼ 17.1% |
| Tangible fixed assets22/27 | €55k | €44k | €49k | €79k | €66k | ▼ 17.1% |
| Land and buildings22 | €35k | €27k | €20k | €12k | €5k | ▼ 56.4% |
| Plant, machinery and equipment23 | €4k | €4k | €5k | €5k | €5k | ▲ 0.2% |
| Furniture and vehicles24 | €10k | €7k | €20k | €54k | €41k | ▼ 23.2% |
| Other tangible fixed assets26 | €7k | €6k | €5k | €8k | €14k | ▲ 69.8% |
| Current assets29/58 | €480k | €490k | €517k | €597k | €630k | ▲ 5.5% |
| Amounts receivable within one year40/41 | €35k | €48k | €27k | €27k | €37k | ▲ 38.2% |
| Trade receivables40 | €29k | €17k | €23k | €23k | €10k | ▼ 55.5% |
| Other amounts receivable41 | €6k | €31k | €4k | €4k | €27k | ▲ 604% |
| Current investments50/53 | €175k | €213k | €322k | €210k | €258k | ▲ 22.8% |
| Cash at bank and in hand54/58 | €260k | €215k | €141k | €357k | €332k | ▼ 7.1% |
| Deferred charges and accrued income490/1 | €10k | €14k | €27k | €3k | €4k | ▲ 8.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €535k | €534k | €566k | €676k | €696k | ▲ 2.9% |
| Equity10/15 | €412k | €494k | €498k | €628k | €517k | ▼ 17.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €393k | €475k | €480k | €609k | €498k | ▼ 18.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | €128 | €128 | €128 | €128 | €128 | = |
| Distributable reserves133 | €391k | €473k | €478k | €607k | €496k | ▼ 18.3% |
| Amounts payable17/49 | €123k | €40k | €68k | €48k | €179k | ▲ 271% |
| Amounts payable within one year42/48 | €123k | €38k | €68k | €46k | €177k | ▲ 284% |
| Trade debts44 | €5k | €2k | €3k | €1k | €851 | ▼ 26.1% |
| Suppliers440/4 | €5k | €2k | €3k | €1k | €851 | ▼ 26.1% |
| Taxes, remuneration and social security45 | €12k | €11k | €16k | €42k | €51k | ▲ 22.3% |
| Taxes450/3 | €12k | €7k | €16k | €42k | €51k | ▲ 22.3% |
| Remuneration and social security454/9 | - | €4k | - | - | - | - |
| Other amounts payable47/48 | €106k | €25k | €48k | €3k | €124k | ▲ 4,203% |
| Accrued charges and deferred income492/3 | - | €2k | - | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €112k | €82k | €77k | €130k | €110k | ▼ 15.0% |
| + Depreciation and write-downs630 | €15k | €15k | €11k | €15k | €22k | ▲ 49.7% |
| Operating cash flow (approximation) | €126k | €97k | €88k | €144k | €132k | ▼ 8.4% |
| Investment in fixed assets (approximation) | - | €-4k | €-17k | €-45k | €-9k | ▲ 80.4% |
| Change in cash | - | €-45k | €-74k | €216k | €-25k | ▼ 112% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €130k ▲69.2%
Net result €130k, the highest in the series.
31-12
Financial
Equity above €500kEq €628k ▲26%
7 profitable years in a row build equity to €628k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-12
State Gazette act
General meeting · Director resignation
Director appointment · Board meeting
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 12.74
Current ratio from 3.90 to 12.74; short-term debt falls from €123k to €38k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
04-02
State Gazette act
General meeting · Director reappointment
Permanent representative · Auditor reappointment
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €40k ▼64.5%
Net result drops to €40k, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Destelbergen · 1 establishment unit since 2010
Ground area
258 m²
Building footprint
240 m²
Volume, LiDAR
1,320 m³
Parcel 44028A0595/00L000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BHive BVBA
since 20102.191.534.559
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44028A0595/00L000 | Flanders | 258 m² | 1 · 240 m² | 8.1 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.
Similar companies · same sector, comparable size
OVUM Bxl
BE 0651.993.319
Ukkel · Eq €516,794
TRIBE AGENCY
BE 0674.654.103
Elsene · Eq €516,715
CREPIGO
BE 0802.369.251
Gent · Eq €517,692
BLK MANAGEMENT
BE 0896.635.534
Sint-Gillis-Waas · Eq €515,126
Bis Company
BE 0797.798.373
Awans · Eq €518,776
Of 13,417 companies in sector 73300 we hold annual accounts for 6,898. 4,116 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 (pre-2019)
Founded17-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
78100Employment placement agencies
82300Organisation of conventions and trade shows
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.