EHSB
ActiveSummary
EHSB has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €4,059. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 10,739 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (2 days) Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00034097.
Equity
€1.6m▲ 0.3%
2024 · €1.6m
Total assets
€4.5m▼ 10.6%
2024 · €5.1m
Net result
€4,059▼ 39.6%
2024 · €6,725
Working capital
-€732,263▼ 11.1%
2024 · -€658,854
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €84,047 in 2025 against €79,218 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.08m
2025
Net result€0.004m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€4.5m
2025
Equity€1.6m
2025
Debt€2.9m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.7m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.1%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency34.8%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.54
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)4
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€0.02m-€0.004m▼ 74.1%€0.02m▲ 457%€0.01m▼ 51.7%€0.02m▲ 81.6%-€0.08m-€0.08m▼ 6.1%
Net result€0.01m-€0.003mwithin the sector's middle half▼ 72.6%€0.02mwithin the sector's middle half▲ 564%€0.007mwithin the sector's middle half▼ 63.1%€0.001mbelow the sector's middle half▼ 89.0%€0.007mwithin the sector's middle half▲ 814%€0.004mwithin the sector's middle half▼ 39.6%
Equity€0.03m-€0.03mwithin the sector's middle half▲ 8.7%€0.05mwithin the sector's middle half▲ 52.9%€0.06mwithin the sector's middle half▲ 12.8%€1.6mabove the sector's middle half▲ 2,528%€1.6mabove the sector's middle half▲ 0.4%€1.6mabove the sector's middle half▲ 0.3%
Total assets€0.1m-€0.09mwithin the sector's middle half▼ 13.6%€0.3mwithin the sector's middle half▲ 184%€0.4mwithin the sector's middle half▲ 43.0%€5.6mabove the sector's middle half▲ 1,356%€5.1mabove the sector's middle half▼ 10.0%€4.5mabove the sector's middle half▼ 10.6%
Debt€0.08m-€0.06m▼ 22.6%€0.2m▲ 259%€0.3m▲ 50.4%€4.1m▲ 1,143%€3.5m▼ 14.0%€2.9m▼ 15.5%
Working capital€0.03m-€0.03mwithin the sector's middle half▼ 2.0%€0.03mwithin the sector's middle half▼ 2.4%€0.008mwithin the sector's middle half▼ 70.0%-€0.4mbelow the sector's middle half-€0.7mbelow the sector's middle half▼ 84.6%-€0.7mbelow the sector's middle half▼ 11.1%
Solvency28.8%-36.3%within the sector's middle half▲ 7.4pp19.5%below the sector's middle half▼ 16.8pp15.4%below the sector's middle half▼ 4.1pp27.8%within the sector's middle half▲ 12.4pp31.0%within the sector's middle half▲ 3.2pp34.8%within the sector's middle half▲ 3.8pp
Current ratio1.36-1.46within the sector's middle half▲ 0.101.16within the sector's middle half▼ 0.301.03below the sector's middle half▼ 0.130.81within the sector's middle half▼ 0.230.62within the sector's middle half▼ 0.190.54below the sector's middle half▼ 0.07
Return on assets (ROA)9.1%-2.9%within the sector's middle half▼ 6.2pp6.8%within the sector's middle half▲ 3.9pp1.7%within the sector's middle half▼ 5.0pp0.0%below the sector's middle half▼ 1.7pp0.1%below the sector's middle half▲ 0.1pp0.1%below the sector's middle half=
Staff (FTE)1.2-2.7above the sector's middle half▲ 125%4.2▲ 55.6%9above the sector's middle half4above the sector's middle half▼ 55.6%4above the sector's middle half=
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.5m
Fixed assets
€3.6m ▼ 8.7%
Current assets
€872,293 ▼ 17.7%
Equity and liabilities €4.5m
Equity
€1.6m ▲ 0.3%
Debt
€2.9m ▼ 15.5%
Debt's share of the balance-sheet total falls from 69.0% to 65.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€41,752▼
2024 · -€36,389
Cash flow
€46,354▼
2024 · €49,554
Quick ratio
0.47▼
2024 · 0.54
Debt to equity
1.88▼
2024 · 2.23
ROE
0.3%▼
2024 · 0.4%
Interest coverage
-0.11▲
2024 · -0.32
Debt ≤ 1 year
€1.6m▼
2024 · €1.7m
Debt > 1 year
€1.3m▼
2024 · €1.8m
Staff costs
€221,959▲
2024 · €215,617
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.4m | €0.2m | €0.2m | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.002m | €0.004m | €0.01m | €0.02m | €0.04m | €0.04m | €0.04m | ▼ 1.2% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.003m | €0.002m | €0.004m | ▲ 163% |
| Gross operating margin9900 | €0.07m | €0.1m | €0.2m | €0.3m | €0.4m | €0.2m | €0.2m | ▲ 2.1% |
| Operating profit (loss)9901 | €0.02m | €0.004m | €0.02m | €0.01m | €0.02m | -€0.08m | -€0.08m | ▼ 6.1% |
| Financial income75/76B | - | - | - | €21 | €2.3m | €0.2m | €0.5m | ▲ 130% |
| Recurring financial income75 | €16 | €211 | €171 | €21 | €2.3m | €0.2m | €0.5m | ▲ 130% |
| Financial charges65/66B | - | - | - | €0.002m | €2.3m | €0.1m | €0.4m | ▲ 229% |
| Recurring financial charges65 | €30 | €61 | €0.001m | €0.002m | €2.3m | €0.1m | €0.4m | ▲ 229% |
| Profit (loss) for the period before taxes9903 | €0.02m | €0.004m | €0.02m | €0.01m | €0.002m | €0.007m | €0.004m | ▼ 45.5% |
| Income taxes67/77 | €0.006m | €0.002m | €0.004m | €0.003m | €0.001m | €0.001m | - | - |
| Profit (loss) for the period9904 | €0.01m | €0.003m | €0.02m | €0.007m | €0.001m | €0.007m | €0.004m | ▼ 39.6% |
| Profit (loss) for the period to be appropriated9905 | €0.01m | €0.003m | €0.02m | €0.007m | €0.001m | €0.007m | €0.004m | ▼ 39.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.1m | €0.09m | €0.3m | €0.4m | €5.6m | €5.1m | €4.5m | ▼ 10.6% |
| Fixed assets21/28 | €0.003m | €0.007m | €0.07m | €0.1m | €4.1m | €4.0m | €3.6m | ▼ 8.7% |
| Intangible fixed assets21 | - | €0.001m | €0.001m | €0.001m | €324 | - | - | - |
| Tangible fixed assets22/27 | €0.003m | €0.005m | €0.07m | €0.1m | €0.2m | €0.1m | €0.06m | ▼ 42.4% |
| Plant, machinery and equipment23 | - | - | - | €0.05m | €0.04m | €0.02m | €0.007m | ▼ 67.5% |
| Furniture and vehicles24 | - | - | - | €0.08m | €0.1m | €0.08m | €0.05m | ▼ 35.3% |
| Financial fixed assets28 | - | - | - | - | €4.0m | €3.9m | €3.6m | ▼ 7.8% |
| Current assets29/58 | €0.1m | €0.09m | €0.2m | €0.2m | €1.5m | €1.1m | €0.9m | ▼ 17.7% |
| Stocks and contracts in progress3 | €0.01m | €0.02m | €0.02m | €0.05m | €0.2m | €0.1m | €0.1m | ▼ 0.3% |
| Stocks30/36 | - | - | - | €0.05m | €0.2m | €0.1m | €0.1m | ▼ 0.3% |
| Amounts receivable within one year40/41 | €0.09m | €0.05m | €0.2m | €0.2m | €1.3m | €0.9m | €0.7m | ▼ 19.4% |
| Trade receivables40 | - | - | - | €0.1m | €0.09m | €0.1m | €0.05m | ▼ 64.2% |
| Other amounts receivable41 | - | - | - | €0.02m | €1.2m | €0.8m | €0.7m | ▼ 11.3% |
| Cash at bank and in hand54/58 | €0.008m | €0.01m | €0.004m | €0.04m | €0.02m | €0.02m | €0.01m | ▼ 33.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.004m | €0.005m | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.1m | €0.09m | €0.3m | €0.4m | €5.6m | €5.1m | €4.5m | ▼ 10.6% |
| Equity10/15 | €0.03m | €0.03m | €0.05m | €0.06m | €1.6m | €1.6m | €1.6m | ▲ 0.3% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €1.5m | €1.5m | €1.5m | = |
| Capital10 | - | - | - | €0.02m | - | - | - | - |
| Issued capital100 | - | - | - | €0.02m | - | - | - | - |
| Reserves13 | €0.01m | €0.02m | €0.03m | €0.04m | €0.04m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | - | - | - | - |
| Legal reserve130 | - | - | - | €0.002m | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.04m | €0.04m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.005m | ▲ 496% |
| Amounts payable17/49 | €0.08m | €0.06m | €0.2m | €0.3m | €4.1m | €3.5m | €2.9m | ▼ 15.5% |
| Amounts payable after more than one year17 | - | - | €0.05m | €0.08m | €2.2m | €1.8m | €1.3m | ▼ 24.0% |
| Financial debts170/4 | - | - | - | €0.08m | €2.2m | €1.8m | €1.3m | ▼ 24.0% |
| Amounts payable within one year42/48 | €0.08m | €0.06m | €0.2m | €0.2m | €1.9m | €1.7m | €1.6m | ▼ 6.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.4m | €0.4m | €0.4m | ▼ 1.0% |
| Trade debts44 | €0.07m | €0.03m | €0.06m | €0.06m | €0.03m | €0.04m | €0.04m | ▼ 1.5% |
| Suppliers440/4 | - | - | - | €0.06m | €0.03m | €0.04m | €0.04m | ▼ 1.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.01m | €0.008m | €0.006m | ▼ 22.4% |
| Taxes450/3 | - | - | - | €0.003m | €0.001m | - | - | - |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.009m | €0.008m | €0.006m | ▼ 22.4% |
| Other amounts payable47/48 | - | - | - | €0.1m | €1.4m | €1.2m | €1.1m | ▼ 8.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €0.003m | €0.02m | €0.007m | €0.001m | €0.007m | €0.004m | ▼ 39.6% |
| + Depreciation and write-downs630 | €0.002m | €0.004m | €0.01m | €0.02m | €0.04m | €0.04m | €0.04m | ▼ 1.2% |
| Operating cash flow (approximation) | €0.01m | €0.006m | €0.03m | €0.03m | €0.05m | €0.05m | €0.05m | ▼ 6.5% |
| Investment in fixed assets (approximation) | - | -€0.007m | -€0.08m | -€0.09m | -€4.0m | €0.08m | €0.3m | ▲ 293% |
| Change in cash | - | €0.004m | -€0.008m | €0.03m | -€0.02m | -€0.002m | -€0.006m | ▼ 241% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 14 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 02-02-2026 | 2026-00034097 |
| 30-06-2024 | abbreviated format | 04-02-2025 | 2025-00031212 |
| 30-06-2023 | abbreviated format | 31-01-2024 | 2024-00024293 |
| 30-06-2022 | micro format | 20-12-2022 | 2022-20547414 |
| 30-06-2021 | micro format | 12-01-2022 | 2022-00800188 |
| 30-06-2020 | micro format | 25-01-2021 | 2021-01500513 |
| 30-06-2019 | micro format | 31-01-2020 | 2020-03400568 |
| 30-06-2018 | micro format | 31-01-2019 | 2019-04600211 |
| 30-06-2017 | micro format | 30-01-2018 | 2018-03700442 |
| 30-06-2016 | abbreviated format | 23-01-2017 | 2017-01800358 |
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Of the 82,449 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,936. 22,943 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2024 · 3 entries · €2,060 awarded · €1,906 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €222 | €582 |
| 2023 | 1 | €783 | €269 |
| 2022 | 1 | €1,055 | €1,055 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.