EHAD
ActiveSummary
EHAD has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34.9m and a net result of €28.4m. Equity is growing by ~33% per year across the filed fiscal years. Its solvency ranks better than 94% of 4625 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220NACE 74142
#2 company by equity in Sint-Pieters-Woluwe, Professional and technical services sector1 site
How big
€35.9mtotal assets 2024
- Equity
- €34.9m
- Profit
- €28.4m
Who decides
- Holdings
- 2
Accounts 62 d overdue0 of 5 deeds read
Why 79- Higher-failure-rate region+ Lower-failure-rate sector+ Annual accounts: healthy financial profile+ Long track recordFiled after the deadlineShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability50▲+16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 33.8 against 4.13 in 2023; short-term debt: 2.9% and cash: 12.6% of total assets), and 2.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 2024Solvency, return and age of the figures
Solvency
97.1%
Return on assets
79.2%
Age of the figures
21 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-08-2025, 19 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
not confirmed
2024
19 d late
2023
43 d early
2022
263 d late
2021
157 d late
2020
61 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 88 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 (1)
- Annual accounts filedfiscal year 2024 · full…
- Highest result since 2018net €28.4m ▲2,582%
- Liquidity times 8current ratio 33.80
Financials
Fiscal year 2024Total assets €35.9mProfit €28.4mSolvency 97.1%Liquidity 33.80
Total assets
€35.9m▲ 308%
2018 - 2024
Net result
€28.4m▲ 2,582%
2018 - 2024
Equity
€34.9m▲ 371%
2018 - 2024
Solvency
97.1%▲ 13.1pp
2018 - 2024
Financials · fiscal year 2024, full schema
In the rankings
#2 company by equity in Sint-Pieters-Woluwe, Professional and technical services sector#5 company by total assets in Sint-Pieters-Woluwe, Professional and technical services sector
Trend over the years
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
Line20202021202220232024
Operating result€1.4m-€0.1m-€0.08m▲ 20.2%-€0.3m▼ 205%-€0.6m▼ 119%
Net result€1.3mabove the sector's middle half▲ 31.8%€0.9mabove the sector's middle half▼ 31.3%€2.0mabove the sector's middle half▲ 129%€1.1mabove the sector's middle half▼ 47.6%€28.4mabove the sector's middle half▲ 2,582%
Equity€4.6mabove the sector's middle half▲ 38.4%€5.5mabove the sector's middle half▲ 19.3%€7.5mabove the sector's middle half▲ 37.1%€7.4mabove the sector's middle half▼ 1.2%€34.9mabove the sector's middle half▲ 371%
Total assets€5.0mabove the sector's middle half▲ 38.1%€5.6mabove the sector's middle half▲ 12.4%€7.9mabove the sector's middle half▲ 41.1%€8.8mabove the sector's middle half▲ 11.0%€35.9mabove the sector's middle half▲ 308%
Debt€0.4m▲ 34.9%€0.2m▼ 62.1%€0.4m▲ 178%€1.4m▲ 217%€1.0m▼ 26.8%
Working capital€1.6mabove the sector's middle half▲ 66.8%€2.4mabove the sector's middle half▲ 43.5%€4.3mabove the sector's middle half▲ 82.5%€4.3mabove the sector's middle half▼ 1.4%€33.7mabove the sector's middle half▲ 693%
Solvency91.6%above the sector's middle half▲ 0.2pp97.2%above the sector's middle half▲ 5.6pp94.4%above the sector's middle half▼ 2.8pp84.0%above the sector's middle half▼ 10.4pp97.1%above the sector's middle half▲ 13.1pp
Current ratio6.93above the sector's middle half▼ 1.4347.65above the sector's middle half▲ 40.7212.63above the sector's middle half▼ 35.024.13above the sector's middle half▼ 8.5033.80above the sector's middle half▲ 29.67
Return on assets (ROA)25.7%above the sector's middle half▼ 1.2pp15.7%within the sector's middle half▼ 10.0pp25.5%above the sector's middle half▲ 9.8pp12.0%within the sector's middle half▼ 13.5pp79.2%above the sector's middle half▲ 67.2pp
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.
Why a figure moved sharply
- 2022 Net result +129% on 2021. The accounts now follow the full schema, last year the micro schema.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €554,069 in 2024 against €252,647 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35.9m
Fixed assets
€1.1m ▼ 64.7%
Current assets
€34.8m ▲ 519%
Equity and liabilities €35.9m
Equity
€34.9m ▲ 371%
Debt
€1.0m ▼ 26.8%
Debt's share of the balance-sheet total falls from 16.0% to 2.9%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
-€419,690▼
2023 · -€119,173
Cash flow
€28.6m▲
2023 · €1.2m
Debt to equity
0.03▼
2023 · 0.19
ROE
81.6%▲
2023 · 14.3%
Interest coverage
-1.89▲
2023 · -23.31
Debt ≤ 1 year
€1.0m▼
2023 · €1.4m
Debt > 1 year
€2,955▼
2023 · €46,631
Income taxes
€345
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 321 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.
- Large
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0%
went bankrupt
2.5%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 321 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.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 0.7% |
| Other operating charges640/8 | - | €0.003m | €0.005m | €0.006m | €0.03m | ▲ 447% |
| Non-recurring operating charges66A | - | - | - | - | €0.009m | - |
| Gross operating margin9900 | €1.6m | -€0.005m | €0.05m | -€0.1m | -€0.4m | ▼ 234% |
| Operating profit (loss)9901 | €1.4m | -€0.1m | -€0.08m | -€0.3m | -€0.6m | ▼ 119% |
| Financial income75/76B | - | €1.0m | €2.3m | €1.3m | €29.2m | ▲ 2,116% |
| Recurring financial income75 | - | €1.0m | €2.3m | €1.3m | €3.2m | ▲ 139% |
| Non-recurring financial income76B | - | - | - | - | €26.1m | - |
| Financial charges65/66B | - | €0.01m | €0.02m | €0.005m | €0.2m | ▲ 4,233% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.008m | €0.005m | €0.2m | ▲ 4,233% |
| Non-recurring financial charges66B | - | - | €0.02m | - | - | - |
| Profit (loss) for the period before taxes9903 | €1.4m | €0.9m | €2.2m | €1.1m | €28.4m | ▲ 2,582% |
| Income taxes67/77 | €0.1m | €143 | €0.2m | - | €345 | - |
| Profit (loss) for the period9904 | €1.3m | €0.9m | €2.0m | €1.1m | €28.4m | ▲ 2,582% |
| Profit (loss) for the period to be appropriated9905 | €1.3m | €0.9m | €2.0m | €1.1m | €28.4m | ▲ 2,582% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.0m | €5.6m | €7.9m | €8.8m | €35.9m | ▲ 308% |
| Fixed assets21/28 | €3.1m | €3.2m | €3.2m | €3.2m | €1.1m | ▼ 64.7% |
| Tangible fixed assets22/27 | €1.1m | €1.2m | €1.3m | €1.2m | €1.1m | ▼ 10.7% |
| Land and buildings22 | - | €0.9m | €0.9m | €0.8m | €0.7m | ▼ 9.3% |
| Plant, machinery and equipment23 | - | €0.01m | €0.01m | €0.02m | €0.01m | ▼ 44.6% |
| Furniture and vehicles24 | - | €0.02m | €0.05m | €0.07m | €0.08m | ▲ 9.2% |
| Other tangible fixed assets26 | - | €0.3m | €0.4m | €0.4m | €0.3m | ▼ 15.5% |
| Financial fixed assets28 | €2.0m | €2.0m | €2.0m | €2.0m | €0.03m | ▼ 98.7% |
| Current assets29/58 | €1.9m | €2.4m | €4.7m | €5.6m | €34.8m | ▲ 519% |
| Amounts receivable after more than one year29 | - | - | €3.0m | €3.0m | €3.0m | ▲ 0.1% |
| Other amounts receivable291 | - | - | €3.0m | €3.0m | €3.0m | ▲ 0.1% |
| Amounts receivable within one year40/41 | €1.6m | €1.7m | €0.3m | €0.9m | €1.7m | ▲ 88.7% |
| Trade receivables40 | - | - | €0.2m | €0.05m | - | - |
| Other amounts receivable41 | - | €1.7m | €0.07m | €0.9m | €1.7m | ▲ 99.1% |
| Current investments50/53 | - | - | - | - | €25.3m | - |
| Cash at bank and in hand54/58 | €0.3m | €0.7m | €1.4m | €1.6m | €4.5m | ▲ 189% |
| Deferred charges and accrued income490/1 | - | - | €0.08m | €0.2m | €0.3m | ▲ 70.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.0m | €5.6m | €7.9m | €8.8m | €35.9m | ▲ 308% |
| Equity10/15 | €4.6m | €5.5m | €7.5m | €7.4m | €34.9m | ▲ 371% |
| Contributions10/11 | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €2.3m | €2.3m | €3.9m | €3.9m | €2.9m | ▼ 25.2% |
| Non-distributable reserves130/1 | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | €2.3m | €3.9m | €3.9m | €2.9m | ▼ 25.2% |
| Profit (loss) carried forward14 | €2.3m | €3.2m | €3.6m | €3.5m | €32.0m | ▲ 808% |
| Amounts payable17/49 | €0.4m | €0.2m | €0.4m | €1.4m | €1.0m | ▼ 26.8% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.07m | €0.05m | €0.003m | ▼ 93.7% |
| Financial debts170/4 | - | €0.1m | €0.07m | €0.05m | €0.003m | ▼ 93.7% |
| Amounts payable within one year42/48 | €0.3m | €0.05m | €0.4m | €1.4m | €1.0m | ▼ 24.4% |
| Current portion of amounts payable after more than one year42 | - | €0.03m | €0.03m | €0.05m | €0.05m | ▼ 6.0% |
| Financial debts43 | - | - | €0.001m | - | - | - |
| Credit institutions430/8 | - | - | €0.001m | - | - | - |
| Trade debts44 | €0.1m | €0.02m | €0.2m | - | €0.002m | - |
| Suppliers440/4 | - | €0.02m | €0.2m | - | €0.002m | - |
| Taxes, remuneration and social security45 | - | €0.001m | €0.2m | €0.5m | €0.003m | ▼ 99.3% |
| Taxes450/3 | - | €0.001m | €0.2m | €0.5m | €0.003m | ▼ 99.3% |
| Other amounts payable47/48 | - | - | €0.002m | €0.8m | €1.0m | ▲ 21.2% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.3m | €0.9m | €2.0m | €1.1m | €28.4m | ▲ 2,582% |
| + Depreciation and write-downs630 | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 0.7% |
| Operating cash flow (approximation) | €1.4m | €1.0m | €2.2m | €1.2m | €28.6m | ▲ 2,293% |
| Investment in fixed assets (approximation) | - | -€0.2m | -€0.2m | -€0.08m | €1.9m | ▲ 2,514% |
| Change in cash | - | €0.4m | €0.6m | €0.2m | €3.0m | ▲ 1,383% |
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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Of 82,687 companies in this sector we hold annual accounts for 52,635. 2,641 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Board & ownership
2 holdings
Directors
Directors
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
49%
-
49%
According to the 2024 annual accounts of EHAD and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The board mandates are listed below; here you explore them as a network.
This company
Company
Director
Shareholding
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Board mandates elsewhere
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Timeline
20 eventsLatest 19-08-2025
History
Acts, filings and financial milestones
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 19 days late
2024
31-12
Financial
Highest result since 2018net €28.4m ▲2,582%
Net result €28.4m, the highest in the series.
31-12
Financial
Liquidity times 8current ratio 33.80
Current ratio from 4.13 to 33.80; short-term debt falls from €1.4m to €1.0m.
31-12
Financial
Equity above €25mEq €34.9m ▲371%
6 profitable years in a row build equity to €34.9m.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 263 days late
2023
04-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 157 days late
2021
31-12
Financial
Liquidity times 7current ratio 47.65
Current ratio from 6.93 to 47.65; short-term debt falls from €277,739 to €50,673.
31-12
Financial
Equity above €5mEq €5.5m ▲19.3%
3 profitable years in a row build equity to €5.5m.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
31-12
Financial
Back to profitnet €974,957
Net result €974,957 after one loss-making year.
Show earlier events
31-12
Financial
Liquidity times 6current ratio 8.36
Current ratio from 1.46 to 8.36; short-term debt falls from €250,583 to €134,137.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
18-07
State Gazette act
General meeting · Statutes amendment
Director resignation · Director reappointment
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
24-03
State Gazette act
General meeting · Statutes amendment
Director resignation · Director appointment · VINCKE Jean
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2008
22-07
State Gazette act
General meeting · Capital
Statutes amendment · Director reappointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Support & recognitions
1 register with a recognitionLEI issued
LEI
active
9845003DAE8RC52I8370
Recognitions · licences · registrations
Legal Entity Identifier
9845003DAE8RC52I8370
Company details
Private limited company · founded 08-07-2002Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded08-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477923057
Also
9925:BE0477923057
Registered
12-06-2026
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.
Sites & property
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2002
Ground area
421 m²
Building footprint
320 m²
Volume, LiDAR
4,653 m³
Parcel 21683D0228/00R000, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Henrottestraat 23, 1150 Sint-Pieters-Woluwe
since 2002unit no. 2.115.058.967
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0228/00R000 | Brussels | 421 m² | 1 · 320 m² | 18.8 m · 5 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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