"BPH SOLUTION"
ActiveSummary
"BPH SOLUTION" has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €44,257 and a net result of -€9,170. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 54% of 11472 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-94
Solvency73▼-17
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.45 against 2.89 in 2024; short-term debt: 21.7% and cash: 0% of total assets), but 52.4% of the assets are financed with debt.
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Signals
Five 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2025Solvency, return and age of the figures
Solvency
47.6%
Return on assets
-9.9%
Age of the figures
12 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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
41 d early
2024
15 d early
2023
4 d early
2022
3 d early
2021
40 d late
2020
37 d early
2019
11 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 7 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€123,222▼ 7.8%
2019 · €133,617
EBIT margin
8.1%▲ 6.1pp
2019 · 2.0%
Net result
-€9,170
2024 · €23,267
Working capital
€29,174▼ 42.3%
2024 · €50,534
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
Line20212022202320242025
Turnover
Operating result€11,648▲ 16.2%€4,474▼ 61.6%€4,610▲ 3.0%€37,751▲ 719%-€6,147
Net result€6,938▲ 66.6%€181▼ 97.4%€286▲ 58.4%€23,267▲ 8,034%-€9,170
EBIT margin
Equity€29,694▲ 30.5%€29,874▲ 0.6%€30,160▲ 1.0%€53,427▲ 77.1%€44,257▼ 17.2%
Total assets€47,823▲ 0.2%€65,737▲ 37.5%€61,604▼ 6.3%€81,572▲ 32.4%€93,074▲ 14.1%
Debt€18,129▼ 27.4%€35,863▲ 97.8%€31,444▼ 12.3%€28,145▼ 10.5%€48,816▲ 73.4%
Working capital€29,420▲ 43.6%€42,999▲ 46.2%€34,701▼ 19.3%€50,534▲ 45.6%€29,174▼ 42.3%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,147 after €37,751 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,074
Fixed assets
€43,736 ▲ 911%
Current assets
€49,337 ▼ 36.1%
Equity and liabilities €93,074
Equity
€44,257 ▼ 17.2%
Debt
€48,816 ▲ 73.4%
Debt's share of the balance-sheet total rises from 34.5% to 52.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€429▼
2024 · €39,018
Cash flow
-€3,451▼
2024 · €24,533
Current ratio
2.45▼
2024 · 2.89
Debt to equity
1.10▲
2024 · 0.53
ROE
-20.7%▼
2024 · 43.5%
ROA
-9.9%▼
2024 · 28.5%
Interest coverage
-0.18▼
2024 · 13.34
Debt ≤ 1 year
€20,163▼
2024 · €26,712
Debt > 1 year
€28,653▲
2024 · €1,433
Income taxes
€667▼
2024 · €11,560
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,916 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
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 6,916 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,549 | - | €1,290 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,227 | €4,899 | €5,208 | €1,267 | €5,719 | ▲ 351% |
| Other operating charges640/8 | €2,193 | €1,359 | €2,493 | €1,302 | €1,573 | ▲ 20.8% |
| Gross operating margin9900 | €19,617 | €10,732 | €13,601 | €40,320 | €1,144 | ▼ 97.2% |
| Operating profit (loss)9901 | €11,648 | €4,474 | €4,610 | €37,751 | -€6,147 | ▼ 116% |
| Financial income75/76B | - | €924 | €2,225 | €1 | €78 | ▲ 13,036% |
| Recurring financial income75 | - | €924 | €2,225 | €1 | €78 | ▲ 13,036% |
| Financial charges65/66B | €997 | €2,469 | €3,338 | €2,925 | €2,433 | ▼ 16.8% |
| Recurring financial charges65 | €997 | €2,469 | €3,338 | €2,925 | €2,433 | ▼ 16.8% |
| Profit (loss) for the period before taxes9903 | €10,651 | €2,929 | €3,496 | €34,827 | -€8,503 | ▼ 124% |
| Income taxes67/77 | €3,713 | €2,748 | €3,210 | €11,560 | €667 | ▼ 94.2% |
| Profit (loss) for the period9904 | €6,938 | €181 | €286 | €23,267 | -€9,170 | ▼ 139% |
| Profit (loss) for the period to be appropriated9905 | €6,938 | €181 | €286 | €23,267 | -€9,170 | ▼ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,823 | €65,737 | €61,604 | €81,572 | €93,074 | ▲ 14.1% |
| Fixed assets21/28 | €8,755 | €6,085 | €2,655 | €4,326 | €43,736 | ▲ 911% |
| Intangible fixed assets21 | €1,143 | €572 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €7,587 | €5,488 | €2,630 | €4,326 | €43,736 | ▲ 911% |
| Plant, machinery and equipment23 | - | - | €1,509 | €1,178 | €1,327 | ▲ 12.7% |
| Furniture and vehicles24 | €903 | €2,146 | €1,121 | €3,148 | €42,410 | ▲ 1,247% |
| Leasing and similar rights25 | €6,684 | €3,342 | €0 | €0 | - | - |
| Financial fixed assets28 | €25 | €25 | €25 | €0 | - | - |
| Current assets29/58 | €39,068 | €59,652 | €58,949 | €77,246 | €49,337 | ▼ 36.1% |
| Amounts receivable within one year40/41 | €18,097 | €49,067 | €52,650 | €67,214 | €49,114 | ▼ 26.9% |
| Trade receivables40 | €12,711 | €11,349 | €8,829 | €26,369 | €7,576 | ▼ 71.3% |
| Other amounts receivable41 | €5,386 | €37,718 | €43,821 | €40,846 | €41,538 | ▲ 1.7% |
| Cash at bank and in hand54/58 | €20,608 | €10,551 | €6,300 | €9,672 | €11 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | €363 | €34 | €0 | €360 | €212 | ▼ 41.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,823 | €65,737 | €61,604 | €81,572 | €93,074 | ▲ 14.1% |
| Equity10/15 | €29,694 | €29,874 | €30,160 | €53,427 | €44,257 | ▼ 17.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,610 | €18,610 | = |
| Reserves13 | €11,094 | €11,274 | €11,560 | €11,550 | €11,550 | = |
| Non-distributable reserves130/1 | €10 | €10 | €10 | €0 | - | - |
| Reserves not available under the articles1311 | €10 | €10 | €10 | €0 | - | - |
| Distributable reserves133 | €11,084 | €11,264 | €11,550 | €11,550 | €11,550 | = |
| Profit (loss) carried forward14 | - | - | - | €23,267 | €14,097 | ▼ 39.4% |
| Amounts payable17/49 | €18,129 | €35,863 | €31,444 | €28,145 | €48,816 | ▲ 73.4% |
| Amounts payable after more than one year17 | €8,481 | €19,209 | €7,196 | €1,433 | €28,653 | ▲ 1,900% |
| Financial debts170/4 | €8,481 | €19,209 | €7,196 | €1,433 | €28,653 | ▲ 1,900% |
| Amounts payable within one year42/48 | €9,648 | €16,654 | €24,248 | €26,712 | €20,163 | ▼ 24.5% |
| Current portion of amounts payable after more than one year42 | €3,389 | €9,634 | €14,592 | €5,763 | €12,896 | ▲ 124% |
| Trade debts44 | €1,774 | €4,188 | €3,061 | €5,836 | €6,307 | ▲ 8.1% |
| Suppliers440/4 | €1,774 | €4,188 | €3,061 | €5,836 | €6,307 | ▲ 8.1% |
| Advances received on contracts in progress46 | €772 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €3,713 | €2,831 | €6,595 | €15,113 | €961 | ▼ 93.6% |
| Taxes450/3 | €3,713 | €2,831 | €4,215 | €15,113 | €641 | ▼ 95.8% |
| Remuneration and social security454/9 | - | - | €2,380 | €0 | €320 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,938 | €181 | €286 | €23,267 | -€9,170 | ▼ 139% |
| + Depreciation and write-downs630 | €4,227 | €4,899 | €5,208 | €1,267 | €5,719 | ▲ 351% |
| Operating cash flow (approximation) | €11,165 | €5,080 | €5,494 | €24,533 | -€3,451 | ▼ 114% |
| Investment in fixed assets (approximation) | - | -€2,229 | -€1,778 | -€2,938 | -€45,129 | ▼ 1,436% |
| Change in cash | - | -€10,057 | -€4,252 | €3,373 | -€9,661 | ▼ 386% |
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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€9,170
Net result drops to -€9,170, the lowest in the series.
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Highest result since 2018net €23,267 ▲8,034%
Operating result €37,751, net result €23,267, both a record.
26-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
2021
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 11 days late
2019
30-09
Financial
Back to profitnet €127
Net result €127 after one loss-making year.
15-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, La Hulpe · 1 establishment unit since 2014
Ground area
135 m²
Building footprint
54 m²
Volume, LiDAR
447 m³
Parcel 25050C0080/00A002, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BPH titres-services
since 20142.235.173.473
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050C0080/00A002 | Wallonia | 135 m² | 1 · 54 m² | 9.5 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.
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Of 472 companies in sector 46442 we hold annual accounts for 334. 186 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
Founded11-09-2014
Fiscal year end30-09
Trade name FR
VINTAGE ENGINS & ANTIQUITY HUNTER
Activities, NACEBEL 2025
46442Wholesale trade
81230Other cleaning activities
46851Wholesale of industrial chemicals
47783Retail trade
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0562864472
Registered
16-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.