EHVM
ActiveSummary
The computed 12-month bankruptcy probability of EHVM is 1.8% (moderate). The 2025 annual accounts show equity of €68k and a net result of €-16k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 18400 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability10▼-64
Solvency56▼-43
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.42 against 3.71 in 2024; short-term debt: 69% and cash: 11.8% of total assets), and 69% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
31%
Return on assets
-7.1%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 7 filingsDeviation from the deadline
2025
31 d late
2024
90 d late
2023
125 d late
2022
63 d late
2021
78 d late
2020
53 d late
2019
73 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€68k▼ 18.7%
2024 · €83k
2019: €43klowest in 7 years
2020: €55k▲ +27.7% vs 2019
2021: €77k▲ +39.7% vs 2020
2022: €79k▲ +2.2% vs 2021
2023: €77k▼ -2.2% vs 2022
2024: €83k▲ +8.1% vs 2023highest in 7 years
2025: €68k▼ -18.7% vs 2024
2019 → 2025
Total assets
€218k▲ 93.5%
2024 · €113k
2019: €126k
2020: €116k▼ -8.0% vs 2019
2021: €126k▲ +8.1% vs 2020
2022: €104k▼ -17.0% vs 2021lowest in 7 years
2023: €124k▲ +18.6% vs 2022
2024: €113k▼ -8.8% vs 2023
2025: €218k▲ +93.5% vs 2024highest in 7 years
2019 → 2025
Net result
€-16k
2024 · €6k
2019: €37khighest in 7 years
2020: €12k▼ -67.7% vs 2019
2021: €22k▲ +83.2% vs 2020
2022: €2k▼ -92.3% vs 2021
2023: €-2k▼ -204% vs 2022
2024: €6k▲ +454% vs 2023
2025: €-16k▼ -351% vs 2024lowest in 7 years
2019 → 2025
Working capital
€64k▼ 20.5%
2024 · €80k
2019: €41klowest in 7 years
2020: €49k▲ +21.3% vs 2019
2021: €71k▲ +43.5% vs 2020
2022: €75k▲ +5.7% vs 2021
2023: €76k▲ +1.7% vs 2022
2024: €80k▲ +4.7% vs 2023highest in 7 years
2025: €64k▼ -20.5% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€79k▲ 2.2%€77k▼ 2.2%€83k▲ 8.1%€68k▼ 18.7%
2021: €77k
2022: €79k▲ +2.2% vs 2021
2023: €77k▼ -2.2% vs 2022
2024: €83k▲ +8.1% vs 2023highest in 5 years
2025: €68k▼ -18.7% vs 2024lowest in 5 years
Operating result€30k-€4k▼ 86.6%€928▼ 77.1%€12k▲ 1,231%€-14k
2021: €30khighest in 5 years
2022: €4k▼ -86.6% vs 2021
2023: €928▼ -77.1% vs 2022
2024: €12k▲ +1231% vs 2023
2025: €-14k▼ -212% vs 2024lowest in 5 years
Net result€22k-€2k▼ 92.3%€-2k€6k€-16k
2021: €22khighest in 5 years
2022: €2k▼ -92.3% vs 2021
2023: €-2k▼ -204% vs 2022
2024: €6k▲ +454% vs 2023
2025: €-16k▼ -351% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €12k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €218k
Fixed assets
€4k ▲ 22.4%
Current assets
€214k ▲ 95.7%
Equity and liabilities €218k
Equity
€68k ▼ 18.7%
Debt
€151k ▲ 410%
Debt's share of the balance-sheet total rises from 26.2% to 69.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-12k▼
2024 · €14k
Cash flow
€-14k▼
2024 · €8k
Current ratio
1.42▼
2024 · 3.71
Quick ratio
1.11▼
2024 · 1.41
Debt to equity
2.22▲
2024 · 0.35
ROE
-23.0%▼
2024 · 7.5%
ROA
-7.1%▼
2024 · 5.5%
Interest coverage
-4.24▼
2024 · 5.80
Debt ≤ 1 year
€151k▲
2024 · €30k
Income taxes
€-58▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€113k€218k▲
Fixed assets21/28€3k€4k▲
Tangible fixed assets22/27€3k€4k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24-€2k
Current assets29/58€109k€214k▲
Stocks and contracts in progress3€68k€47k▼
Stocks30/36€68k€47k▼
Amounts receivable within one year40/41€22k€141k▲
Trade receivables40-€118k
Other amounts receivable41€22k€23k▲
Cash at bank and in hand54/58€20k€26k▲
Deferred charges and accrued income490/1€370€750▲
Equity and liabilities
Total equity and liabilities10/49€113k€218k▲
Equity10/15€83k€68k▼
Contributions10/11€6k€6k=
Reserves13€41k€41k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€39k€39k=
Profit (loss) carried forward14€37k€21k▼
Amounts payable17/49€30k€151k▲
Amounts payable within one year42/48€30k€151k▲
Trade debts44€1k€21k▲
Suppliers440/4€1k€21k▲
Advances received on contracts in progress46-€103k
Taxes, remuneration and social security45€28k€22k▼
Taxes450/3€28k€19k▼
Remuneration and social security454/9€432€2k▲
Other amounts payable47/48-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€12k€9k▼
Gross operating margin9900€27k€-3k▼
Operating profit (loss)9901€12k€-14k▼
Financial income75/76B€705€1k▲
Recurring financial income75€705€1k▲
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€11k€-16k▼
Income taxes67/77€4k€-58▼
Profit (loss) for the period9904€6k€-16k▼
Profit (loss) for the period to be appropriated9905€6k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€21k▼
Profit (loss) brought forward from the previous period14P€37k€37k=
Transfer to equity691/2€6k-
To other reserves6921€6k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €2k | €1k | ▼ 29.8% |
| Other operating charges640/8 | €0 | €722 | €384 | €12k | €9k | ▼ 25.7% |
| Gross operating margin9900 | €32k | €7k | €3k | €27k | €-3k | ▼ 112% |
| Operating profit (loss)9901 | €30k | €4k | €928 | €12k | €-14k | ▼ 212% |
| Financial income75/76B | €110 | €2 | €17 | €705 | €1k | ▲ 63.8% |
| Recurring financial income75 | €110 | €2 | €17 | €705 | €1k | ▲ 63.8% |
| Financial charges65/66B | €524 | €2k | €2k | €2k | €3k | ▲ 17.2% |
| Recurring financial charges65 | €524 | €2k | €2k | €2k | €3k | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | €30k | €2k | €-1k | €11k | €-16k | ▼ 248% |
| Income taxes67/77 | €8k | €790 | €463 | €4k | €-58 | ▼ 101% |
| Profit (loss) for the period9904 | €22k | €2k | €-2k | €6k | €-16k | ▼ 351% |
| Profit (loss) for the period to be appropriated9905 | €22k | €2k | €-2k | €6k | €-16k | ▼ 351% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126k | €104k | €124k | €113k | €218k | ▲ 93.5% |
| Fixed assets21/28 | €6k | €4k | €3k | €3k | €4k | ▲ 22.4% |
| Tangible fixed assets22/27 | €6k | €4k | €3k | €3k | €4k | ▲ 22.4% |
| Plant, machinery and equipment23 | - | - | - | €3k | €2k | ▼ 37.5% |
| Furniture and vehicles24 | €230 | €202 | €828 | - | €2k | - |
| Other tangible fixed assets26 | €6k | €4k | €2k | - | - | - |
| Current assets29/58 | €120k | €101k | €121k | €109k | €214k | ▲ 95.7% |
| Stocks and contracts in progress3 | €65k | €66k | €73k | €68k | €47k | ▼ 31.0% |
| Stocks30/36 | €65k | €66k | €73k | €68k | €47k | ▼ 31.0% |
| Amounts receivable within one year40/41 | €4k | €8k | €29k | €22k | €141k | ▲ 549% |
| Trade receivables40 | €882 | €1k | €29k | - | €118k | - |
| Other amounts receivable41 | €3k | €7k | - | €22k | €23k | ▲ 5.3% |
| Cash at bank and in hand54/58 | €51k | €26k | €19k | €20k | €26k | ▲ 31.0% |
| Deferred charges and accrued income490/1 | €264 | €160 | €289 | €370 | €750 | ▲ 103% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126k | €104k | €124k | €113k | €218k | ▲ 93.5% |
| Equity10/15 | €77k | €79k | €77k | €83k | €68k | ▼ 18.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €34k | €34k | €34k | €41k | €41k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €33k | €33k | €33k | €39k | €39k | = |
| Profit (loss) carried forward14 | €37k | €38k | €37k | €37k | €21k | ▼ 42.7% |
| Amounts payable17/49 | €49k | €25k | €47k | €30k | €151k | ▲ 410% |
| Amounts payable within one year42/48 | €49k | €25k | €45k | €30k | €151k | ▲ 410% |
| Trade debts44 | €17k | €17k | €27k | €1k | €21k | ▲ 1,683% |
| Suppliers440/4 | €17k | €17k | €27k | €1k | €21k | ▲ 1,683% |
| Advances received on contracts in progress46 | - | - | - | - | €103k | - |
| Taxes, remuneration and social security45 | €9k | €9k | €14k | €28k | €22k | ▼ 23.6% |
| Taxes450/3 | €9k | €9k | €14k | €28k | €19k | ▼ 30.3% |
| Remuneration and social security454/9 | - | - | - | €432 | €2k | ▲ 407% |
| Other amounts payable47/48 | €23k | €0 | €3k | - | €4k | - |
| Accrued charges and deferred income492/3 | - | - | €2k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €2k | €-2k | €6k | €-16k | ▼ 351% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €2k | €1k | ▼ 29.8% |
| Operating cash flow (approximation) | €24k | €4k | €339 | €8k | €-14k | ▼ 269% |
| Investment in fixed assets (approximation) | - | €0 | €-877 | €-3k | €-2k | ▲ 23.4% |
| Change in cash | - | €-25k | €-7k | €663 | €6k | ▲ 818% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
03-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 125 days late
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
2020
12-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Elsene · 1 establishment unit since 2018
Ground area
109 m²
Building footprint
90 m²
Volume, LiDAR
1,573 m³
Parcel 21447B0313/00A018, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
EHVM
since 20182.277.607.411
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0313/00A018 | Brussels | 109 m² | 1 · 89 m² | 20.8 m · 6 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 6,498 companies in sector 47716 we hold annual accounts for 2,438. 1,879 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 (pre-2019)
Founded11-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Scores and ratios are computed by Checked and are not a credit decision.