Losses
-€28,822 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
GH Engineering
Lifetime
4 annual accounts with figures on one time axispeak €30,641 (2023)
-€5,757▼ €1,178
lowest -€14,844 (2025)
-€14,844▼ €866
peak €35,930 (2023)
€7,108▼ 67.6%
€15,119▲ 9.0%
Board1 name since 2022
1 directorHERBILLON Gilles Benjamin
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Gross margin from -€4,579 to -€5,757Loss of €14,844Equity from €21,952 to €7,108Cash from €7,357 to €1,304
Key points
from the 2025 annual accountsLiquidity
0.52 was 0.99 in 2024
Short-term debts rose from €13,874 to €15,119.
Position in the sector
-€14,844
Lower net result than 92% of companies in architecture and engineering. Sector median €16,690 · 11,795 companies.
2025 accounts filed 27 days after the deadlineTurnover not published (micro format)
Checked score
53
Fair
Financially stronger than 13% of micro companies in architecture and engineering (NACE 71)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.2 percentage points vs 07-2026
09-2026: 0.4%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.4%● unchanged vs 09-2026highest value
11-2026: 0.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €14,844, the second in a row (financial year 2025)
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Size: total assets €22,227
Figures for financial year 2025 (filed on 27-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 32% of them on solvency, 9% on liquidity, 4% on profitability and 8% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as GH Engineering has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of GH Engineering itself is lower: 0.4% within 12 months. It rests on far more data about GH Engineering than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for GH Engineering. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.52 (0.99 in 2024), below 1. Short-term debt is 68% and cash 5.9% of total assets. 68% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€14,844
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 4 filingsDeviation from the deadline
2025
27 days late
2024
2 days early
2023
57 days early
2022
34 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 17 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 July (3 of the last 4 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0790659569
Incorporation
Founding capital of €2,000, 200 shares · Founder: HERBILLON Gilles Benjamin · Appointment: HERBILLON Gilles Benjamin (director) · published on 13-09-2022 · Gazette deed
First establishment
Rue Petit Rivage 1, Amay
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GH Engineering Amay | €22,227 | -€5,757 | 32.0% | - |
| Playground Engineering Wezembeek-Oppem | €24,014 | -€35,429 | 72.6% | - |
| StabiFrame Benelux Jodoigne | €24,934 | -€888 | -5.1% | - |
| Avin Beerse | €19,654 | -€1,172 | 3.6% | - |
| Edroga Antwerp | €23,879 | -€2,169 | 31.6% | - |
| ASSET SERVICE Tongeren-Borgloon | €20,884 | -€23,181 | 95.4% | - |
| demalena Leuven | €19,877 | -€14,702 | 97.4% | - |
These companies have the same main activity as GH Engineering: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €19,700 and €24,900, founded in 2022.
Official details
Source: KBO- Status
- Active since 09-09-2022Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Establishment unit
- 2.336.193.3324540 Amay, since 09-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 10-08-2026
Insights on GH Engineering
GH Engineering files the micro format. That format states no turnover. The gross margin fell from €15,350 in 2022 to -€5,757 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GH Engineering
- What is the company number of GH Engineering?
- The company number of GH Engineering is 0790.659.569. The VAT number is the same number with BE in front: BE 0790.659.569.
- Where is GH Engineering based?
- The registered office is at Rue Petit Rivage 1, 4540 Amay.Company details
- What does GH Engineering do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of GH Engineering?
- GH Engineering is a private limited company (BV).
- When was GH Engineering founded?
- GH Engineering was founded on 09-09-2022.
- Is GH Engineering still active?
- Yes, GH Engineering is an active enterprise in the KBO register.
- What is the turnover of GH Engineering?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is GH Engineering profitable?
- In financial year 2025, GH Engineering made a loss of €14,844.
- Where can I find the annual accounts of GH Engineering?
- GH Engineering filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of GH Engineering due?
- GH Engineering must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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