FH Group
ActiveFH Group has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €31k and a net result of €32k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 41% of 15867 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
86
/ 100
Excellent▲ +10 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency49▲+28
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.33 in 2023), and 72.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
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 2024Solvency, return and age of the figures
Solvency
27.6%
Return on assets
28.4%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-11-2025, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
98 d late
2023
1 d early
2022
123 d late
2021
92 d late
2020
2 d early
2019
66 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€31k▲ 930%
2023 · €3k
2018: €-8k
2019: €-16k
2020: €-11k
2021: €-15k
2022: €-11k
2023: €3k
2018 → 2024
Total assets
€113k▲ 41.2%
2023 · €80k
2018: €9k
2019: €5k
2020: €11k
2021: €9k
2022: €19k
2023: €80k
2018 → 2024
Net result
€32k▲ 122%
2023 · €14k
2018: €-4k
2019: €-8k
2020: €4k
2021: €-3k
2022: €4k
2023: €14k
2018 → 2024
Working capital
€20k▲ 6.8%
2023 · €19k
2018: €-15k
2019: €-19k
2020: €-12k
2021: €5k
2022: €6k
2023: €19k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-11k-€-15k▼ 34.0%€-11k▲ 24.4%€3k€31k▲ 930%
Operating result€5k-€-3k€5k€23k▲ 392%€49k▲ 117%
Net result€4k-€-3k€4k€14k▲ 291%€32k▲ 122%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 117% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €113k
Fixed assets
€20k▲ 381%
Current assets
€92k▲ 22.2%
Equity and liabilities €113k
Equity
€31k▲ 930%
Debt
€82k▲ 6.3%
The debt ratio falls from 96.2% to 72.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€53k▲
2023 · €24k
Cash flow
€36k▲
2023 · €15k
Solvency
27.6%▲
2023 · 3.8%
Current ratio
1.28▼
2023 · 1.33
Quick ratio
1.28▼
2023 · 1.33
Debt / equity
2.63▼
2023 · 25.45
ROE
102.9%▼
2023 · 477.7%
ROA
28.4%▲
2023 · 18.1%
Interest coverage
24.20▼
2023 · 36.30
Debt
€82k▲
2023 · €77k
Debt ≤ 1 year
€72k▲
2023 · €57k
Debt > 1 year
€9k▼
2023 · €20k
Income taxes
€15k▲
2023 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€80k€113k▲
Fixed assets21/28€4k€20k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€4k€18k▲
Plant, machinery and equipment23€2k€2k▲
Furniture and vehicles24€2k€16k▲
Current assets29/58€76k€92k▲
Amounts receivable within one year40/41€62k€59k▼
Trade receivables40€55k€53k▼
Other amounts receivable41€6k€6k▼
Cash at bank and in hand54/58€14k€33k▲
Equity and liabilities
Total equity and liabilities10/49€80k€113k▲
Equity10/15€3k€31k▲
Contributions10/11€19k€19k=
Reserves13-€12k
Distributable reserves133-€12k
Profit (loss) carried forward14€-16k€521▲
Amounts payable17/49€77k€82k▲
Amounts payable after more than one year17€20k€9k▼
Financial debts170/4€20k€9k▼
Amounts payable within one year42/48€57k€72k▲
Current portion of amounts payable after more than one year42-€7k
Financial debts43-€2k
Credit institutions430/8-€2k
Trade debts44€36k€45k▲
Suppliers440/4€36k€45k▲
Taxes, remuneration and social security45€9k€15k▲
Taxes450/3€9k€14k▲
Remuneration and social security454/9-€960
Other amounts payable47/48€12k€3k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€924€4k▲
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€27k€61k▲
Operating profit (loss)9901€23k€49k▲
Financial income75/76B€37€5▼
Recurring financial income75€37€5▼
Financial charges65/66B€648€2k▲
Recurring financial charges65€648€2k▲
Profit (loss) for the period before taxes9903€22k€47k▲
Income taxes67/77€8k€15k▲
Profit (loss) for the period9904€14k€32k▲
Profit (loss) for the period to be appropriated9905€14k€32k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€13k▲
Profit (loss) brought forward from the previous period14P€-30k€-20k▲
Transfer to equity691/2-€12k
To other reserves6921-€12k
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
06-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 98 days late
2024
31-12
Financial
Highest result since 2018net €32k ▲122%
Operating result €49k, net result €32k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 123 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Liquidity times 5current ratio 2.09
Current ratio from 0.46 to 2.09; short-term debt falls from €22k to €4k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 days late
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 83 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2014
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gustaaf Callierlaan 2329000 GentGround area
1,401 m²
Building footprint
312 m²
Volume, LiDAR
6,972 m³
Parcel 44804D2841/00P029, Flanders · tallest building 28.7 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
FH Group
since 20142.227.135.935
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2841/00P029 | Flanders | 1,401 m² | 1 · 312 m² | 28.7 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Comptoir des Chargeurs Africains
BE 0786.509.256
Bree · Eq €31k
ANGUS GRAND CRU
BE 0719.391.095
Kortrijk · Eq €31k
LUMES
BE 0698.633.689
Londerzeel · Eq €31k
MH Investments
BE 0778.626.819
Maldegem · Eq €31k
ABEL ET AMBRE
BE 0822.854.463
Elsene · Eq €31k
Of 6,127 companies in sector 46190 we hold annual accounts for 2,554. 1,783 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2014
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
47559Retail sale of other household articles
47120Other non-specialised retail sale
47789Other retail sale of new goods
47910Retail trade
77229Renting and leasing of other personal and household goods
77299Rental and leasing activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.