DH5 · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of DH5 is 0.2% (very low). The 2025 annual accounts show equity of €800k and a net result of €73k. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 4752 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 95% of 4752 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

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. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	03-07-2026	28 d early	2026-00249705
31-12-2024	31-07-2025	28-08-2025	28 d late	2025-00424507
31-12-2023	31-07-2024	17-08-2024	17 d late	2024-00348409
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00398419
31-12-2021	31-07-2022	23-08-2022	23 d late	2022-20305120
31-12-2020	31-07-2021	17-08-2021	17 d late	2021-49800354
31-12-2019	31-07-2020	12-10-2020	73 d late	2020-60600168
31-12-2018	31-07-2019	02-08-2019	2 d late	2019-42600267
31-12-2017	31-07-2018	03-08-2018	3 d late	2018-42600491
31-12-2016	31-07-2017	25-08-2017	25 d late	2017-47000208

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2015, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: healthy financial profile −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€73k-36.6%

Working capital€798k+9.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 03-07-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~18.4%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	96.9%	55.4%	better than 95% of 4752 sector peers
Net result	€73k	€38k	better than 74% of 4752 sector peers
Equity	€800k	€64k	better than 95% of 4753 sector peers
Gross operating margin	€99k	€61k	better than 71% of 4745 sector peers
Total assets	€825k	€146k	better than 93% of 4753 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P95

Stable position over 2020-2025 · n=1435-12484

Net result P74

Stable position over 2020-2025 · n=1435-12486

Equity P95

Stable position over 2020-2025 · n=1438-12492

Gross operating margin P71

Stable position over 2020-2025 · n=1433-12472

Describes the position versus peers, not a forecast.

EBITDA

€99k

-27.1% 18-25

Net profit

€73k

-36.6% 18-25

Cash flow

€74k

-36.3% 18-25

Total assets

€825k

+8.0% 18-25

Equity

€800k

+9.2% 18-25

Working capital

€798k

+9.3% 18-25

Staff costs

€2k

- 18-25

Income taxes

€35k

-33.1% 18-25

Dividends

€6k

0.0% 18-25

Debt

€25k

-19.8% 18-25

Debt ≤ 1y

€25k

-19.8% 18-25

Debt > 1y

€0

-100.0% 18-25

Current ratio

32.32

+34.8% 18-25

Quick ratio

32.32

+34.8% 18-25

Solvency

96.9%

+1.1% 18-25

Debt / equity

0.03

-26.6% 18-25

ROE

9.2%

-41.9% 18-25

ROA

8.9%

-41.3% 18-25

Interest coverage

141.73

+26.4% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€99k
Net profit	€73k
Cash flow	€74k
Staff costs	-
Income taxes	€35k
Dividends	€6k
Total assets	€825k
Equity	€800k
Debt	€25k
of which ≤ 1y	€25k
of which > 1y	-
Working capital	€798k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	32.32
Quick ratio	32.32
Working capital ratio	96.7%
Solvency	96.9%
Debt / equity	0.03
Long-term debt ratio	-
Interest coverage	141.73
Gross margin	-
Net margin	-
ROA	8.9%
ROE	9.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €1k · 0.2% Current assets €824k · 99.8%

Equity & liabilities

Equity €800k · 96.9% Debt €25k · 3.1%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€825k
Fixed assets	21/28	€1k
Tangible fixed assets	22/27	€1k
Financial fixed assets	28	€168
Current assets	29/58	€824k
Amounts receivable within one year	40/41	€49k
Investments	50/53	€731k
Cash & bank	54/58	€42k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€825k
Equity	10/15	€800k
Contributions / capital	10/11	€86k
Reserves	13	€713k
Amounts payable	17/49	€25k
Amounts payable within one year	42/48	€25k
Trade debts payable within one year	44	€30
Income statement
Gross operating margin	9900	€99k
Operating result	9901	€98k
Financial income	75	€11k
Financial charges	65	€698
Result before taxes	9903	€108k
Income taxes	67/77	€35k
Net result for the period	9904	€73k
Result to be appropriated	9905	€73k

You are seeing the latest fiscal year only. 4 prior years (figures + ratios) are in a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

86 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Rue Bois du Bosquet 33, 1331 Rixensart

Holdings

since 20152.248.471.777

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,546 m²

Buildings1

Building footprint183 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25092B0109/00C002	Wallonia	1,546 m²	1 · 182 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

77 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 46

Solvency 100

Growth 52

Stability 100

Credit advice

verdict per customer and amount

Similar

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Comparable size, same sector

Efficiency track

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HARVENGT DEVELOPMENT & SERVICES

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We hold annual accounts for 15,428 of the 82,011 companies in this sector. 6,939 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Holdings64200Activiteiten van holdings64210Adviesbureaus op het gebied van public relations en communicatie70210Markt- en opinieonderzoekbureaus73200Markt- en opinieonderzoek73200Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Beroepsopleiding85592Beroepsopleiding85592

Primary activity highlighted.

Names & trade names

Legal nameFR

DH5

Registered office

Rue Bois du Bosquet 33

1331 Rixensart, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.