BHOLE
ActiveSummary
BHOLE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €16,500 and a net result of €1,291. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▼-38
Solvency100=
Growth75▼-8
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 29.21 against 5.33 in 2023; short-term debt: 3.4% and cash: 10.6% of total assets), and 3.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
96.6%
Return on assets
7.6%
Age of the figures
21 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-12-2025, 131 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
131 d late
2023
2 d late
2022
51 d late
2021
233 d late
2020
530 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 160 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€261,109▼ 3.2%
2023 · €269,667
EBIT margin
0.5%▼ 3.2pp
2023 · 3.6%
Net result
€1,291▼ 71.9%
2023 · €4,592
Working capital
€16,500▲ 0.7%
2023 · €16,377
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€192,657€272,311▲ 41.3%€269,667▼ 1.0%€261,109▼ 3.2%
Operating result-€5,398€16,047-€3,124€9,819€1,256▼ 87.2%
Net result-€5,537€15,327-€3,396€4,592€1,291▼ 71.9%
EBIT margin8.3%-1.1%▼ 9.5pp3.6%▲ 4.8pp0.5%▼ 3.2pp
Equity-€1,316€14,011€11,785▼ 15.9%€16,377▲ 39.0%€16,500▲ 0.7%
Total assets€20,428▲ 145%€16,943▼ 17.1%€14,110▼ 16.7%€20,164▲ 42.9%€17,085▼ 15.3%
Debt€21,744▲ 427%€2,932▼ 86.5%€2,324▼ 20.7%€3,786▲ 62.9%€585▼ 84.6%
Working capital-€1,316€14,011€11,785▼ 15.9%€16,377▲ 39.0%€16,500▲ 0.7%
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 2024; 2024 is 87% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €17,085
Equity
€16,500 ▲ 0.7%
Debt
€585 ▼ 84.6%
Debt's share of the balance-sheet total falls from 18.8% to 3.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
29.21▲
2023 · 5.33
Quick ratio
11.94▲
2023 · 3.82
Debt to equity
0.04▼
2023 · 0.23
ROE
7.8%▼
2023 · 28.0%
ROA
7.6%▼
2023 · 22.8%
Debt ≤ 1 year
€585▼
2023 · €3,786
Income taxes
€431▼
2023 · €5,448
Staff costs
€10,847
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 34,672 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €192,657 | €272,311 | €269,667 | €261,109 | ▼ 3.2% |
| Goods, raw materials, services and sundry goods60/61 | - | €175,245 | €274,262 | €258,391 | €247,602 | ▼ 4.2% |
| Remuneration, social security and pensions62 | - | - | - | - | €10,847 | - |
| Other operating charges640/8 | €469 | €1,365 | €1,172 | €1,457 | €1,404 | ▼ 3.6% |
| Gross operating margin9900 | -€4,929 | €17,412 | -€1,951 | €11,275 | €13,507 | ▲ 19.8% |
| Operating profit (loss)9901 | -€5,398 | €16,047 | -€3,124 | €9,819 | €1,256 | ▼ 87.2% |
| Financial income75/76B | - | - | - | €308 | €565 | ▲ 83.2% |
| Recurring financial income75 | - | - | - | €308 | €565 | ▲ 83.2% |
| Financial charges65/66B | €139 | €183 | €272 | €87 | €99 | ▲ 13.9% |
| Recurring financial charges65 | €139 | €183 | €272 | €87 | €99 | ▲ 13.9% |
| Profit (loss) for the period before taxes9903 | -€5,537 | €15,864 | -€3,396 | €10,040 | €1,722 | ▼ 82.8% |
| Income taxes67/77 | - | €537 | - | €5,448 | €431 | ▼ 92.1% |
| Profit (loss) for the period9904 | -€5,537 | €15,327 | -€3,396 | €4,592 | €1,291 | ▼ 71.9% |
| Profit (loss) for the period to be appropriated9905 | -€5,537 | €15,327 | -€3,396 | €4,592 | €1,291 | ▼ 71.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €20,428 | €16,943 | €14,110 | €20,164 | €17,085 | ▼ 15.3% |
| Current assets29/58 | €20,428 | €16,943 | €14,110 | €20,164 | €17,085 | ▼ 15.3% |
| Stocks and contracts in progress3 | €8,473 | €9,673 | €6,700 | €5,700 | €10,100 | ▲ 77.2% |
| Stocks30/36 | €8,473 | €9,673 | €6,700 | €5,700 | €10,100 | ▲ 77.2% |
| Amounts receivable within one year40/41 | €7,046 | €3,358 | €5,481 | €8,258 | €5,172 | ▼ 37.4% |
| Trade receivables40 | €6,558 | - | - | €2,268 | - | - |
| Other amounts receivable41 | €488 | €3,358 | €5,481 | €5,990 | €5,172 | ▼ 13.7% |
| Cash at bank and in hand54/58 | €4,908 | €3,912 | €1,929 | €6,206 | €1,813 | ▼ 70.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €20,428 | €16,943 | €14,110 | €20,164 | €17,085 | ▼ 15.3% |
| Equity10/15 | -€1,316 | €14,011 | €11,785 | €16,377 | €16,500 | ▲ 0.7% |
| Contributions10/11 | €12,400 | €12,400 | €13,570 | €13,570 | €12,400 | ▼ 8.6% |
| Reserves13 | - | €27 | €27 | €27 | €27 | ▲ 0.6% |
| Non-distributable reserves130/1 | - | €27 | €27 | €27 | €27 | ▲ 0.6% |
| Reserves not available under the articles1311 | - | €27 | €27 | €27 | €27 | ▲ 0.6% |
| Profit (loss) carried forward14 | -€13,716 | €1,584 | -€1,812 | €2,781 | €4,073 | ▲ 46.5% |
| Amounts payable17/49 | €21,744 | €2,932 | €2,324 | €3,786 | €585 | ▼ 84.6% |
| Amounts payable within one year42/48 | €21,744 | €2,932 | €2,324 | €3,786 | €585 | ▼ 84.6% |
| Trade debts44 | €78 | - | €15 | - | - | - |
| Suppliers440/4 | €78 | - | €15 | - | - | - |
| Taxes, remuneration and social security45 | €1,127 | €2,049 | €537 | €2,415 | €439 | ▼ 81.8% |
| Taxes450/3 | €1,127 | €2,049 | €537 | €2,415 | €439 | ▼ 81.8% |
| Other amounts payable47/48 | €20,539 | €883 | €1,772 | €1,371 | €146 | ▼ 89.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,537 | €15,327 | -€3,396 | €4,592 | €1,291 | ▼ 71.9% |
| Operating cash flow (approximation) | -€5,537 | €15,327 | -€3,396 | €4,592 | €1,291 | ▼ 71.9% |
| Change in cash | - | -€997 | -€1,983 | €4,277 | -€4,393 | ▼ 203% |
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
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 131 days late
2024
31-12
Financial
Liquidity times 5current ratio 29.21
Current ratio from 5.33 to 29.21; short-term debt falls from €3,786 to €585.
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
31-12
Financial
Back to profitnet €4,592
Net result €4,592 after one loss-making year.
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 233 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 530 days late
2021
31-12
Financial
Back to profitnet €15,327
Net result €15,327 after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 5.78
Current ratio from 0.94 to 5.78; short-term debt falls from €21,744 to €2,932.
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 378 days late
2019
31-12
Financial
Back to profitnet €3,379
Net result €3,379 after one loss-making year.
2018
06-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 98 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB 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.
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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, Gent · 1 establishment unit since 2014
Ground area
62 m²
Building footprint
56 m²
Volume, LiDAR
647 m³
Parcel 44804D1857/00F000, Flanders · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
BHOLE
since 20142.239.748.212
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D1857/00F000 | Flanders | 62 m² | 1 · 56 m² | 18.0 m · 5 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 6,000 EUR awarded · 6,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.239.748.212
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Of 1,510 companies in sector 47252 we hold annual accounts for 652. 317 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
Founded14-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47252Retail sale of beverages, general range
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0547966559
Also
9925:BE0547966559
Registered
12-05-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.