DH5
ActiveSummary
DH5 has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €799,570 and a net result of €73,290. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-8
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 32.32 against 23.98 in 2024; short-term debt: 3.1% and cash: 5% of total assets), and 3.1% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
96.9%
Return on assets
8.9%
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
28 d late
2023
17 d late
2022
31 d late
2021
23 d late
2020
17 d late
2019
73 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 23 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 23 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€799,570▲ 9.2%
2024 · €732,415
Total assets
€825,056▲ 8.0%
2024 · €764,208
Net result
€73,290▼ 36.6%
2024 · €115,643
Working capital
€798,233▲ 9.3%
2024 · €730,594
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€129,278▲ 0.2%€122,930▼ 4.9%€168,089▲ 36.7%€135,502▼ 19.4%€98,465▼ 27.3%
Net result€91,044above the sector's middle half▼ 3.7%€87,624above the sector's middle half▼ 3.8%€116,229above the sector's middle half▲ 32.6%€115,643above the sector's middle half▼ 0.5%€73,290above the sector's middle half▼ 36.6%
Equity€452,859above the sector's middle half▲ 21.3%€512,814above the sector's middle half▲ 13.2%€622,907above the sector's middle half▲ 21.5%€732,415above the sector's middle half▲ 17.6%€799,570above the sector's middle half▲ 9.2%
Total assets€505,783above the sector's middle half▲ 21.5%€587,812above the sector's middle half▲ 16.2%€666,078above the sector's middle half▲ 13.3%€764,208above the sector's middle half▲ 14.7%€825,056above the sector's middle half▲ 8.0%
Debt€52,925▲ 23.1%€74,998▲ 41.7%€43,171▼ 42.4%€31,793▼ 26.4%€25,486▼ 19.8%
Working capital€452,025above the sector's middle half▲ 21.4%€509,934above the sector's middle half▲ 12.8%€620,844above the sector's middle half▲ 21.7%€730,594above the sector's middle half▲ 17.7%€798,233above the sector's middle half▲ 9.3%
Solvency89.5%above the sector's middle half▼ 0.1pp87.2%above the sector's middle half▼ 2.3pp93.5%above the sector's middle half▲ 6.3pp95.8%above the sector's middle half▲ 2.3pp96.9%above the sector's middle half▲ 1.1pp
Current ratio9.54above the sector's middle half▼ 0.127.80above the sector's middle half▼ 1.7415.38above the sector's middle half▲ 7.5823.98above the sector's middle half▲ 8.6032.32above the sector's middle half▲ 8.34
Return on assets (ROA)18.0%within the sector's middle half▼ 4.7pp14.9%within the sector's middle half▼ 3.1pp17.4%within the sector's middle half▲ 2.5pp15.1%within the sector's middle half▼ 2.3pp8.9%within the sector's middle half▼ 6.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
The operating result has fallen two years in a row; 2025 is 27% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €825,056
Fixed assets
€1,337 ▼ 26.6%
Current assets
€823,718 ▲ 8.0%
Equity and liabilities €825,056
Equity
€799,570 ▲ 9.2%
Debt
€25,486 ▼ 19.8%
Debt's share of the balance-sheet total falls from 4.2% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€98,949▼
2024 · €135,744
Cash flow
€73,774▼
2024 · €115,885
Debt to equity
0.03▼
2024 · 0.04
ROE
9.2%▼
2024 · 15.8%
Interest coverage
141.73▲
2024 · 112.10
Debt ≤ 1 year
€25,486▼
2024 · €31,793
Income taxes
€34,983▼
2024 · €52,330
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,341 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% | 1.8% |
| 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 17,811 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 | €1,708 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €332 | €374 | €816 | €242 | €484 | ▲ 100% |
| Other operating charges640/8 | €443 | €418 | €454 | €457 | €474 | ▲ 3.6% |
| Gross operating margin9900 | €131,761 | €123,721 | €169,360 | €136,202 | €99,423 | ▼ 27.0% |
| Operating profit (loss)9901 | €129,278 | €122,930 | €168,089 | €135,502 | €98,465 | ▼ 27.3% |
| Financial income75/76B | €992 | €2,133 | €7,595 | €33,682 | €10,506 | ▼ 68.8% |
| Recurring financial income75 | €992 | €2,133 | €7,595 | €33,682 | €10,506 | ▼ 68.8% |
| Financial charges65/66B | €891 | €160 | €910 | €1,211 | €698 | ▼ 42.3% |
| Recurring financial charges65 | €891 | €160 | €910 | €1,211 | €698 | ▼ 42.3% |
| Profit (loss) for the period before taxes9903 | €129,380 | €124,904 | €174,774 | €167,973 | €108,273 | ▼ 35.5% |
| Income taxes67/77 | €38,336 | €37,279 | €58,545 | €52,330 | €34,983 | ▼ 33.1% |
| Profit (loss) for the period9904 | €91,044 | €87,624 | €116,229 | €115,643 | €73,290 | ▼ 36.6% |
| Transfer from tax-exempt reserves789 | - | €12,460 | €19,580 | €32,838 | - | - |
| Profit (loss) for the period to be appropriated9905 | €91,044 | €100,084 | €135,809 | €148,481 | €73,290 | ▼ 50.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €505,783 | €587,812 | €666,078 | €764,208 | €825,056 | ▲ 8.0% |
| Fixed assets21/28 | €833 | €2,879 | €2,063 | €1,821 | €1,337 | ▼ 26.6% |
| Tangible fixed assets22/27 | €665 | €2,711 | €1,895 | €1,653 | €1,169 | ▼ 29.3% |
| Furniture and vehicles24 | €665 | €2,711 | €1,895 | €1,653 | €1,169 | ▼ 29.3% |
| Financial fixed assets28 | €168 | €168 | €168 | €168 | €168 | = |
| Current assets29/58 | €504,950 | €584,932 | €664,015 | €762,387 | €823,718 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €79,899 | €71,867 | €124,958 | €99,466 | €49,118 | ▼ 50.6% |
| Trade receivables40 | €79,899 | €71,867 | €124,958 | €68,592 | €45,076 | ▼ 34.3% |
| Other amounts receivable41 | - | - | - | €30,873 | €4,042 | ▼ 86.9% |
| Current investments50/53 | €185,506 | €201,669 | €521,998 | €625,310 | €731,310 | ▲ 17.0% |
| Cash at bank and in hand54/58 | €237,735 | €309,109 | €7,859 | €36,557 | €41,500 | ▲ 13.5% |
| Deferred charges and accrued income490/1 | €1,810 | €2,287 | €9,199 | €1,055 | €1,791 | ▲ 69.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €505,783 | €587,812 | €666,078 | €764,208 | €825,056 | ▲ 8.0% |
| Equity10/15 | €452,859 | €512,814 | €622,907 | €732,415 | €799,570 | ▲ 9.2% |
| Contributions10/11 | €86,460 | €86,460 | €86,460 | €86,460 | €86,460 | = |
| Outside capital11 | €86,460 | €86,460 | €86,460 | - | - | - |
| Other1109/19 | €86,460 | €86,460 | €86,460 | - | - | - |
| Reserves13 | €332,641 | €420,265 | €536,447 | €645,955 | €713,110 | ▲ 10.4% |
| Tax-exempt reserves132 | €64,878 | €52,418 | €32,838 | - | - | - |
| Distributable reserves133 | €267,763 | €367,847 | €503,609 | €645,955 | €713,110 | ▲ 10.4% |
| Profit (loss) carried forward14 | €33,758 | €6,089 | - | - | - | - |
| Amounts payable17/49 | €52,925 | €74,998 | €43,171 | €31,793 | €25,486 | ▼ 19.8% |
| Amounts payable within one year42/48 | €52,925 | €74,998 | €43,171 | €31,793 | €25,486 | ▼ 19.8% |
| Financial debts43 | €1,751 | €1,215 | €650 | €1,196 | €311 | ▼ 74.0% |
| Credit institutions430/8 | €1,751 | €1,215 | €650 | €1,196 | €311 | ▼ 74.0% |
| Trade debts44 | €3,867 | €6,781 | €1,490 | €7,615 | €30 | ▼ 99.6% |
| Suppliers440/4 | €3,867 | €6,781 | €1,490 | €7,615 | €30 | ▼ 99.6% |
| Taxes, remuneration and social security45 | €27,543 | €29,793 | €24,058 | €10,707 | €7,741 | ▼ 27.7% |
| Taxes450/3 | €27,543 | €29,793 | €24,058 | €10,707 | €7,741 | ▼ 27.7% |
| Other amounts payable47/48 | €19,764 | €37,210 | €16,973 | €12,276 | €17,404 | ▲ 41.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,044 | €87,624 | €116,229 | €115,643 | €73,290 | ▼ 36.6% |
| + Depreciation and write-downs630 | €332 | €374 | €816 | €242 | €484 | ▲ 100% |
| Operating cash flow (approximation) | €91,376 | €87,998 | €117,045 | €115,885 | €73,774 | ▼ 36.3% |
| Investment in fixed assets (approximation) | - | -€2,420 | €0 | €0 | €0 | - |
| Change in cash | - | €71,374 | -€301,250 | €28,698 | €4,944 | ▼ 82.8% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €73,290 ▼36.6%
Net result drops to €73,290, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
17-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
2023
31-12
Financial
Highest result since 2018net €116,229 ▲32.6%
Operating result €168,089, net result €116,229, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €500,000Eq €512,814 ▲13.2%
5 profitable years in a row build equity to €512,814.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
2019
31-12
Financial
Equity above €200,000Eq €278,836 ▲61.8%
2 profitable years in a row build equity to €278,836.
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Rixensart · 1 establishment unit since 2015
Ground area
1,546 m²
Building footprint
183 m²
Parcel 25092B0109/00C002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Bois du Bosquet 33, 1331 Rixensart
since 20152.248.471.777
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25092B0109/00C002 | Wallonia | 1,546 m² | 1 · 182 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
699400SZ4LEI1B65XU89
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 30,252 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded10-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
73200Market research and public opinion polling
73300Public relations and communication consultancy
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644410689
Registered
01-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.