Equity
€21,120 ▼ 33.2%
BHN PROJECTS paid out €25,192 in dividends. That is 172% of the 2025 profit.
BHN PROJECTS
Lifetime
4 annual accounts with figures on one time axispeak €26,407 (2023)
€21,910▲ 35.4%
lowest -€1,541 (2022)
€14,682▲ 39.7%
peak €31,631 (2024)
€21,120▼ 33.2%
€50,100▲ 124%
Board1 name since 2022
1 directorBIHAIN Simon François Louis
Documentsfilings and deeds
28-08-202628 days late
2025micro format
Gross margin from €16,185 to €21,910Result from €10,510 to €14,682Dividend €25,192Equity from €31,631 to €21,120Debts from €22,339 to €50,100Cash from €22,975 to €38,201
Key points
from the 2025 annual accountsTurnover
≈ €100,000 estimated
The micro format states no turnover.
Debts
€50,100 70% of the balance sheet
Suppliers 3%Taxes and wages 33%Other 64%
2025 accounts filed 28 days after the deadline
Checked score
93
Excellent
Financially stronger than 41% of micro companies in head offices and management consultancy (NACE 70)
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: 0.1% across 48,570 companies (NACE 70, 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%▲ +0.1 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: < 0.1%▼ -0.1 percentage points 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 12-2025
02-2026: < 0.1%● unchanged vs 01-2026lowest value
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
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 1.15, cash €38,201
Size: total assets €71,221
Figures for financial year 2025 (filed on 01-09-2026)
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 70, micro). It does better than 30% of them on solvency, 54% on liquidity, 64% on profitability and 17% on growth.
The bankruptcy probability was computed on 08-11-2026 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, 7,976 companies had the same profile as BHN PROJECTS has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of BHN PROJECTS itself is lower: < 0.1% within 12 months. It rests on far more data about BHN PROJECTS than the profile alone.
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 7,976 companies, not a prediction for BHN PROJECTS. 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 €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (1.76 in 2024), below the usual 1.5. Short-term debt is 70.3% and cash 53.6% of total assets. 70.3% 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 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 4 filingsDeviation from the deadline
2025
28 days late
2024
58 days early
2023
48 days early
2022
54 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 33 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 11 June (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0786671384
Incorporation
Founding capital of €5,000, 100 shares · Founder: BIHAIN Simon François Louis · Appointment: BIHAIN Simon François Louis (director) · published on 02-06-2022 · Gazette deed
First establishment
Rue des Jardins 23, Villers-le-Bouillet
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BHN PROJECTS Villers-le-Bouillet | €71,221 | €21,910 | 29.7% | - |
| LG CONSULTANCE Liège | €70,192 | €23,632 | 4.3% | - |
| RAPINO Management Liège | €67,094 | €23,578 | 68.7% | - |
| ADNZ PROMO BEEF Liège | €67,128 | €21,567 | 58.5% | - |
| GALOFA CONSULTING Waimes | €62,870 | €21,943 | 82.0% | - |
| JUSSO Sprimont | €68,055 | €25,072 | 72.1% | - |
| HERALIS Plombières | €70,335 | €25,139 | 74.0% | - |
These companies have the same main activity as BHN PROJECTS: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €62,900 and €70,300, founded in 2022.
Official details
Source: KBO- Status
- Active since 31-05-2022Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.332.091.2224530 Villers-le-Bouillet, since 31-05-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 22-10-2026
Insights on BHN PROJECTS
BHN PROJECTS files the micro format. That format states no turnover. The gross margin rose from -€731 in 2022 to €21,910 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 BHN PROJECTS
- What is the company number of BHN PROJECTS?
- The company number of BHN PROJECTS is 0786.671.384. The VAT number is the same number with BE in front: BE 0786.671.384.
- Where is BHN PROJECTS based?
- The registered office is at Rue des Jardins 23, 4530 Villers-le-Bouillet.Company details
- What does BHN PROJECTS do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of BHN PROJECTS?
- BHN PROJECTS is a private limited company (BV).
- When was BHN PROJECTS founded?
- BHN PROJECTS was founded on 31-05-2022.
- Is BHN PROJECTS still active?
- Yes, BHN PROJECTS is an active enterprise in the KBO register.
- What is the turnover of BHN PROJECTS?
- The turnover in financial year 2025 is ≈ €100,000. This figure is estimated from the gross margin of €21,910 and 205 comparable companies (NACE 70200). It probably lies between €49,000 and €200,000. It is a rough estimate. In financial year 2023 turnover was €0.Financials
- Is BHN PROJECTS profitable?
- In financial year 2025, BHN PROJECTS made a profit of €14,682.
- Where can I find the annual accounts of BHN PROJECTS?
- BHN PROJECTS filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BHN PROJECTS due?
- BHN PROJECTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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