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BHW

Active
Private limited companyfounded 20233 yrs activeMuizensteenweg 37, 2820 Bonheiden, BelgiumKBO/BCE: BE 0803.266.205
Summary

BHW has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134,973 and a net result of €58,614. Its solvency ranks better than 46% of 16666 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency84▲+16
Growth52
Track record94
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.2 against 1.87 in 2024; short-term debt: 41.4% and cash: 83.3% of total assets), and 41.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
58.5%
Return on assets
25.4%
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 15-07-2026, 16 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
16 d early
2024
24 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 20 days before 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.
Companies Code · seven months
Position in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 28 June 2023, BHW was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€134,973▲ 76.8%
2024 · €76,359
Total assets
€230,683▲ 29.7%
2024 · €177,809
Net result
€58,614▼ 17.9%
2024 · €71,359
Working capital
€114,804▲ 79.8%
2024 · €63,863
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
Line20242025
Operating result€103,391-€83,765▼ 19.0%
Net result€71,359-€58,614▼ 17.9%
Equity€76,359-€134,973▲ 76.8%
Total assets€177,809-€230,683▲ 29.7%
Debt€101,450-€95,710▼ 5.7%
Working capital€63,863-€114,804▲ 79.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50,000€100,000Operating result 2024: €103,391€103,391Net result 2024: €71,359€71,359Operating result 2025: €83,765€83,765Net result 2025: €58,614€58,61420242025€0€50,000€100,000Operating result 2024: €103,391€103,000Net result 2024: €71,359€71,400Operating result 2025: €83,765€83,800Net result 2025: €58,614€58,60020242025
The operating result falls in 2025; 2025 is 19% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230,683
Fixed assets €20,273 ▼ 49.6%
Current assets €210,410 ▲ 52.9%
Equity and liabilities €230,683
Equity €134,973 ▲ 76.8%
Debt €95,710 ▼ 5.7%
Debt's share of the balance-sheet total falls from 57.1% to 41.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€109,339▼
2024 · €141,555
Cash flow
€84,188▼
2024 · €109,523
Current ratio
2.20▲
2024 · 1.87
Debt to equity
0.71▼
2024 · 1.33
ROE
43.4%▼
2024 · 93.5%
ROA
25.4%▼
2024 · 40.1%
Interest coverage
58.37▲
2024 · 40.04
Debt ≤ 1 year
€95,606▲
2024 · €73,713
Income taxes
€23,283▼
2024 · €28,497
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€177,809€230,683▲
Fixed assets21/28€40,233€20,273▼
Tangible fixed assets22/27€40,233€20,273▼
Furniture and vehicles24€40,233€20,273▼
Current assets29/58€137,577€210,410▲
Amounts receivable within one year40/41€10,625€13,772▲
Trade receivables40€10,625€13,772▲
Cash at bank and in hand54/58€109,074€192,272▲
Deferred charges and accrued income490/1€17,878€4,366▼
Equity and liabilities
Total equity and liabilities10/49€177,809€230,683▲
Equity10/15€76,359€134,973▲
Contributions10/11€5,000€5,000=
Reserves13€71,359€129,973▲
Distributable reserves133€71,359€129,973▲
Amounts payable17/49€101,450€95,710▼
Amounts payable after more than one year17€27,533-
Financial debts170/4€27,533-
Amounts payable within one year42/48€73,713€95,606▲
Current portion of amounts payable after more than one year42€26,350€27,533▲
Trade debts44€3,896€1,518▼
Suppliers440/4€3,896€1,518▼
Taxes, remuneration and social security45€28,497€51,779▲
Taxes450/3€28,497€51,779▲
Other amounts payable47/48€14,971€14,776▼
Accrued charges and deferred income492/3€204€104▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,164€25,575▼
Other operating charges640/8€2,051€1,189▼
Gross operating margin9900€143,605€110,528▼
Operating profit (loss)9901€103,391€83,765▼
Financial income75/76B-€5
Recurring financial income75-€5
Financial charges65/66B€3,535€1,873▼
Recurring financial charges65€3,535€1,873▼
Profit (loss) for the period before taxes9903€99,856€81,897▼
Income taxes67/77€28,497€23,283▼
Profit (loss) for the period9904€71,359€58,614▼
Profit (loss) for the period to be appropriated9905€71,359€58,614▼
Appropriation of the result
Profit (loss) to be appropriated9906€71,359€58,614▼
Transfer to equity691/2€71,359€58,614▼
To other reserves6921€71,359€58,614▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,164€25,575▼ 33.0%
Other operating charges640/8€2,051€1,189▼ 42.0%
Gross operating margin9900€143,605€110,528▼ 23.0%
Operating profit (loss)9901€103,391€83,765▼ 19.0%
Financial income75/76B-€5-
Recurring financial income75-€5-
Financial charges65/66B€3,535€1,873▼ 47.0%
Recurring financial charges65€3,535€1,873▼ 47.0%
Profit (loss) for the period before taxes9903€99,856€81,897▼ 18.0%
Income taxes67/77€28,497€23,283▼ 18.3%
Profit (loss) for the period9904€71,359€58,614▼ 17.9%
Profit (loss) for the period to be appropriated9905€71,359€58,614▼ 17.9%
Line20242025Change
Assets
Total assets20/58€177,809€230,683▲ 29.7%
Fixed assets21/28€40,233€20,273▼ 49.6%
Tangible fixed assets22/27€40,233€20,273▼ 49.6%
Furniture and vehicles24€40,233€20,273▼ 49.6%
Current assets29/58€137,577€210,410▲ 52.9%
Amounts receivable within one year40/41€10,625€13,772▲ 29.6%
Trade receivables40€10,625€13,772▲ 29.6%
Cash at bank and in hand54/58€109,074€192,272▲ 76.3%
Deferred charges and accrued income490/1€17,878€4,366▼ 75.6%
Equity and liabilities
Total equity and liabilities10/49€177,809€230,683▲ 29.7%
Equity10/15€76,359€134,973▲ 76.8%
Contributions10/11€5,000€5,000=
Reserves13€71,359€129,973▲ 82.1%
Distributable reserves133€71,359€129,973▲ 82.1%
Amounts payable17/49€101,450€95,710▼ 5.7%
Amounts payable after more than one year17€27,533--
Financial debts170/4€27,533--
Amounts payable within one year42/48€73,713€95,606▲ 29.7%
Current portion of amounts payable after more than one year42€26,350€27,533▲ 4.5%
Trade debts44€3,896€1,518▼ 61.0%
Suppliers440/4€3,896€1,518▼ 61.0%
Taxes, remuneration and social security45€28,497€51,779▲ 81.7%
Taxes450/3€28,497€51,779▲ 81.7%
Other amounts payable47/48€14,971€14,776▼ 1.3%
Accrued charges and deferred income492/3€204€104▼ 48.9%
Line20242025Change
Profit (loss) for the period9904€71,359€58,614▼ 17.9%
+ Depreciation and write-downs630€38,164€25,575▼ 33.0%
Operating cash flow (approximation)€109,523€84,188▼ 23.1%
Investment in fixed assets (approximation)--€5,615-
Change in cash-€83,198-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
15-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Equity above €100,000Eq €134,973 ▲76.8%
2 profitable years in a row build equity to €134,973.
07-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Bonheiden · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
923 m²
Building footprint
237 m²
Volume, LiDAR
1,801 m³
Parcel 12005C0475/00F002, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
BHW
Muizensteenweg 37, 2820 BonheidenDental practice
since 20232.347.005.862
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12005C0475/00F002 Flanders 923 m² 1 · 237 m² 10.9 m · 3 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

Of 16,630 companies in sector 86220 we hold annual accounts for 7,981. 6,663 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
Founded28-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice

Scores and ratios are computed by Checked and are not a credit decision.