BHVENTURES
ActiveSummary
BHVENTURES has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,650 and a net result of €34,548. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 14258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+4
Solvency29▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.36 in 2024; short-term debt: 12.3% and cash: 6.2% of total assets), and 95.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
4.1%
Return on assets
4.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
11 d early
2024
31 d late
2023
2 d early
2022
16 d late
2021
1 d early
2020
61 d late
2019
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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. Usually files around 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€34,650▼ 15.4%
2024 · €40,955
Total assets
€835,944▲ 1.2%
2024 · €826,292
Net result
€34,548▲ 1.0%
2024 · €34,202
Working capital
-€35,880▲ 53.5%
2024 · -€77,201
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€9,960€31,658-€22,670€63,572€70,973▲ 11.6%
Net result-€13,062below the sector's middle half€22,422within the sector's middle half-€32,522below the sector's middle half€34,202above the sector's middle half€34,548above the sector's middle half▲ 1.0%
Equity€21,227within the sector's middle half▼ 38.1%€43,649within the sector's middle half▲ 106%€11,127within the sector's middle half▼ 74.5%€40,955within the sector's middle half▲ 268%€34,650within the sector's middle half▼ 15.4%
Total assets€260,052within the sector's middle half▲ 362%€291,946within the sector's middle half▲ 12.3%€840,862within the sector's middle half▲ 188%€826,292within the sector's middle half▼ 1.7%€835,944within the sector's middle half▲ 1.2%
Debt€238,825▲ 984%€248,297▲ 4.0%€829,735▲ 234%€785,337▼ 5.4%€801,294▲ 2.0%
Working capital-€18,554within the sector's middle half-€9,664within the sector's middle half▲ 47.9%-€152,102below the sector's middle half▼ 1,474%-€77,201within the sector's middle half▲ 49.2%-€35,880within the sector's middle half▲ 53.5%
Solvency8.2%within the sector's middle half▼ 52.7pp15.0%within the sector's middle half▲ 6.8pp1.3%below the sector's middle half▼ 13.6pp5.0%within the sector's middle half▲ 3.6pp4.1%within the sector's middle half▼ 0.8pp
Current ratio0.66within the sector's middle half▼ 1.610.89within the sector's middle half▲ 0.230.18below the sector's middle half▼ 0.710.36below the sector's middle half▲ 0.180.65within the sector's middle half▲ 0.30
Return on assets (ROA)-5.0%below the sector's middle half▼ 28.3pp7.7%within the sector's middle half▲ 12.7pp-3.9%below the sector's middle half▼ 11.5pp4.1%within the sector's middle half▲ 8.0pp4.1%within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 12% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €835,944
Fixed assets
€769,018 ▼ 1.9%
Current assets
€66,926 ▲ 57.5%
Equity and liabilities €835,944
Equity
€34,650 ▼ 15.4%
Debt
€801,294 ▲ 2.0%
Debt's share of the balance-sheet total rises from 95.0% to 95.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€100,151▲
2024 · €89,182
Cash flow
€63,726▲
2024 · €59,812
Debt to equity
23.13▲
2024 · 19.18
ROE
99.7%▲
2024 · 83.5%
Interest coverage
3.73▲
2024 · 3.30
Debt ≤ 1 year
€102,806▼
2024 · €119,697
Debt > 1 year
€694,696▲
2024 · €664,748
Income taxes
€9,557▲
2024 · €2,332
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 1,603 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,425 | €8,782 | €27,976 | €25,610 | €29,178 | ▲ 13.9% |
| Other operating charges640/8 | €24,402 | €3,597 | €62,601 | €4,058 | €5,036 | ▲ 24.1% |
| Non-recurring operating charges66A | - | €1,583 | - | - | - | - |
| Gross operating margin9900 | €23,867 | €45,620 | €67,907 | €93,240 | €105,187 | ▲ 12.8% |
| Operating profit (loss)9901 | -€9,960 | €31,658 | -€22,670 | €63,572 | €70,973 | ▲ 11.6% |
| Financial income75/76B | - | €10 | €2 | - | - | - |
| Recurring financial income75 | - | €10 | €2 | - | - | - |
| Financial charges65/66B | €2,811 | €5,498 | €9,605 | €27,038 | €26,868 | ▼ 0.6% |
| Recurring financial charges65 | €2,811 | €5,498 | €9,605 | €27,038 | €26,868 | ▼ 0.6% |
| Profit (loss) for the period before taxes9903 | -€12,771 | €26,170 | -€32,273 | €36,534 | €44,105 | ▲ 20.7% |
| Income taxes67/77 | €291 | €3,748 | €249 | €2,332 | €9,557 | ▲ 310% |
| Profit (loss) for the period9904 | -€13,062 | €22,422 | -€32,522 | €34,202 | €34,548 | ▲ 1.0% |
| Profit (loss) for the period to be appropriated9905 | -€13,062 | €22,422 | -€32,522 | €34,202 | €34,548 | ▲ 1.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €260,052 | €291,946 | €840,862 | €826,292 | €835,944 | ▲ 1.2% |
| Fixed assets21/28 | €223,841 | €215,950 | €808,032 | €783,796 | €769,018 | ▼ 1.9% |
| Tangible fixed assets22/27 | €223,721 | €215,830 | €807,912 | €783,676 | €768,898 | ▼ 1.9% |
| Land and buildings22 | €212,130 | €208,448 | €801,001 | €779,121 | €757,241 | ▼ 2.8% |
| Plant, machinery and equipment23 | €2,680 | €2,003 | €2,723 | €2,554 | €1,385 | ▼ 45.8% |
| Furniture and vehicles24 | €8,911 | €5,379 | €4,188 | €2,001 | €10,272 | ▲ 413% |
| Financial fixed assets28 | €120 | €120 | €120 | €120 | €120 | = |
| Current assets29/58 | €36,211 | €75,996 | €32,830 | €42,496 | €66,926 | ▲ 57.5% |
| Amounts receivable within one year40/41 | €15,997 | €13,563 | €16,613 | €512 | €14,030 | ▲ 2,640% |
| Trade receivables40 | €11,719 | €12,684 | €16,116 | - | €13,940 | - |
| Other amounts receivable41 | €4,278 | €879 | €497 | €512 | €90 | ▼ 82.4% |
| Cash at bank and in hand54/58 | €18,988 | €61,677 | €15,419 | €41,174 | €51,560 | ▲ 25.2% |
| Deferred charges and accrued income490/1 | €1,226 | €756 | €798 | €810 | €1,336 | ▲ 64.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €260,052 | €291,946 | €840,862 | €826,292 | €835,944 | ▲ 1.2% |
| Equity10/15 | €21,227 | €43,649 | €11,127 | €40,955 | €34,650 | ▼ 15.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €12,400 | - | - | - | - | - |
| Reserves13 | €18,276 | €18,276 | €18,276 | €13,902 | €13,902 | = |
| Non-distributable reserves130/1 | €770 | €770 | - | - | - | - |
| Legal reserve130 | €770 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €770 | - | - | - | - |
| Distributable reserves133 | €17,506 | €17,506 | €18,276 | €13,902 | €13,902 | = |
| Profit (loss) carried forward14 | -€3,249 | €19,173 | -€13,349 | €20,853 | €14,548 | ▼ 30.2% |
| Amounts payable17/49 | €238,825 | €248,297 | €829,735 | €785,337 | €801,294 | ▲ 2.0% |
| Amounts payable after more than one year17 | €183,000 | €160,821 | €642,318 | €664,748 | €694,696 | ▲ 4.5% |
| Financial debts170/4 | €183,000 | €160,821 | €642,318 | €604,748 | €565,896 | ▼ 6.4% |
| Other amounts payable178/9 | - | - | - | €60,000 | €128,800 | ▲ 115% |
| Amounts payable within one year42/48 | €54,765 | €85,660 | €184,932 | €119,697 | €102,806 | ▼ 14.1% |
| Current portion of amounts payable after more than one year42 | - | €11,168 | €36,500 | €37,756 | €38,923 | ▲ 3.1% |
| Trade debts44 | €10,371 | €8,808 | €11,075 | €11,744 | €9,104 | ▼ 22.5% |
| Suppliers440/4 | €10,371 | €8,808 | €11,075 | €11,744 | €9,104 | ▼ 22.5% |
| Taxes, remuneration and social security45 | €5,740 | €7,875 | €14,051 | €10,648 | €9,542 | ▼ 10.4% |
| Taxes450/3 | €5,740 | €7,875 | €14,051 | €10,648 | €9,542 | ▼ 10.4% |
| Other amounts payable47/48 | €38,654 | €57,809 | €123,306 | €59,549 | €45,237 | ▼ 24.0% |
| Accrued charges and deferred income492/3 | €1,060 | €1,816 | €2,485 | €892 | €3,792 | ▲ 325% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,062 | €22,422 | -€32,522 | €34,202 | €34,548 | ▲ 1.0% |
| + Depreciation and write-downs630 | €9,425 | €8,782 | €27,976 | €25,610 | €29,178 | ▲ 13.9% |
| Operating cash flow (approximation) | -€3,637 | €31,204 | -€4,546 | €59,812 | €63,726 | ▲ 6.5% |
| Investment in fixed assets (approximation) | - | -€891 | -€620,058 | -€1,374 | -€14,400 | ▼ 948% |
| Change in cash | - | €42,689 | -€46,258 | €25,755 | €10,386 | ▼ 59.7% |
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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €34,548 ▲1%
Operating result €70,973, net result €34,548, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €34,202
Net result €34,202 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€32,522
Net result drops to -€32,522, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Back to profitnet €22,422
Net result €22,422 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tervuren · 1 establishment unit since 2017
Ground area
2,516 m²
Building footprint
263 m²
Volume, LiDAR
1,756 m³
Parcel 24104C0133/00Y002, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
BHVENTURES
since 20172.270.150.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24104C0133/00Y002 | Flanders | 2,516 m² | 1 · 263 m² | 13.2 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.
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Of 9,144 companies in sector 68201 we hold annual accounts for 6,775. 2,865 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
Founded17-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684790405
Also
9925:BE0684790405
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.