BHZ
ActiveBHZ has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16k and a net result of €-4k. Equity is shrinking by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 18281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+19
Solvency56▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 1.0 against 1.0 in 2024; short-term debt: 68.5% of total assets), and 68.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 · 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 2025Solvency, return and age of the figures
Solvency
31.5%
Return on assets
-7%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-4k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
91 d late
2023
31 d late
2022
61 d early
2021
60 d early
2020
152 d late
2019
122 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€327k
EBIT margin
0.5%
Net result
€-4k▲ 82.3%
2024 · €-20k
2019: €2k
2020: €-12k
2021: €-16k
2022: €12k
2023: €3k
2024: €-20k
2019 → 2025
Working capital
€-160▼ 32.3%
2024 · €-121
2019: €51k
2020: €35k
2021: €17k
2022: €29k
2023: €17k
2024: €-121
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€25k-€36k▲ 46.7%€39k▲ 8.2%€19k▼ 50.8%€16k▼ 18.2%
Operating result€-14k-€13k€4k▼ 70.8%€-18k€-610▲ 96.5%
Net result€-16k-€12k€3k▼ 74.4%€-20k€-4k▲ 82.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €610 in 2025 against €18k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€16k▼ 17.9%
Current assets
€34k▲ 18.1%
Equity and liabilities €50k
Equity
€16k▼ 18.2%
Debt
€35k▲ 18.2%
The debt ratio rises from 60.1% to 68.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▲
2024 · €-14k
Cash flow
€-39▲
2024 · €-17k
Solvency
31.5%▼
2024 · 39.9%
Current ratio
1.00=
2024 · 1.00
Quick ratio
0.05▼
2024 · 0.14
Debt / equity
2.18▲
2024 · 1.51
ROE
-22.3%▲
2024 · -103.1%
ROA
-7.0%▲
2024 · -41.1%
Interest coverage
1.04▲
2024 · -5.85
Debt
€35k▲
2024 · €29k
Debt ≤ 1 year
€35k▲
2024 · €29k
Income taxes
€197▲
2024 · €-1
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€49k€50k▲
Fixed assets21/28€20k€16k▼
Tangible fixed assets22/27€13k€10k▼
Plant, machinery and equipment23€751€596▼
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€6k€6k=
Current assets29/58€29k€34k▲
Stocks and contracts in progress3€25k€33k▲
Stocks30/36€25k€33k▲
Amounts receivable within one year40/41€2k€2k▲
Trade receivables40€427-
Other amounts receivable41€1k€2k▲
Cash at bank and in hand54/58€17-
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€49k€50k▲
Equity10/15€19k€16k▼
Contributions10/11€16k€16k=
Reserves13€37k€37k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€36k€36k=
Profit (loss) carried forward14€-34k€-37k▼
Amounts payable17/49€29k€35k▲
Amounts payable within one year42/48€29k€35k▲
Financial debts43€5k€5k▼
Credit institutions430/8€5k€5k▼
Trade debts44€15k€17k▲
Suppliers440/4€15k€17k▲
Taxes, remuneration and social security45-€197
Taxes450/3-€197
Other amounts payable47/48€9k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€2k€12k▲
Gross operating margin9900€-12k€15k▲
Operating profit (loss)9901€-18k€-610▲
Financial income75/76B-€60
Recurring financial income75-€60
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-20k€-3k▲
Income taxes67/77€-1€197▲
Profit (loss) for the period9904€-20k€-4k▲
Profit (loss) for the period to be appropriated9905€-20k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-37k▼
Profit (loss) brought forward from the previous period14P€-14k€-34k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Weakest financial yearnet €-20k ▼773%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.57
Current ratio from 1.48 to 3.57; short-term debt falls from €35k to €11k.
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 152 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Beringen · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Pieter Vanhoudtstraat 1003582 BeringenGround area
56 m²
Building footprint
111 m²
Volume, LiDAR
657 m³
Parcel 71029B1638/00D002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BHZ
since 20042.137.224.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71029B1638/00D002 | Flanders | 56 m² | 1 · 111 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeringen2.137.224.457
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 3,953 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-04-2004
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
52112
52116
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.