Losses
-€28,822 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
GH Engineering
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
Annual accounts 2025
- -€5,757▼ 25.7%
- €14,844▲ 6.2%
- €7,108▼ 67.6%
- €22,227▼ 38.0%
- Filing
- Filed on 27-08-2026
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.
Financials
Annual accounts 2025
micro format, filed on 27-08-2026, 27 days late-€5,757
▼ €1,178
-€14,373
▼ €1,074
-€14,844
▼ €866
-€7,332
▼ €7,156
32.0%
▼ 29.3 percentage points
0.52
▼ 0.47
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €22,227 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
32.0%
Higher than 31% of 11,794 companies in 2025.
0.52
Higher than 8% of 11,521 companies in 2025.
-66.8%
Lower than 95% of 11,605 companies in 2025.
GH Engineering
Middle half of the sector
80% of the sector
Micro accounts in architecture and engineering (NACE 71)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
22,227 | 35,826 | 52,585 | 22,031 | |
21/28 |
14,440 | 22,128 | 29,817 | - | |
22/27 |
14,440 | 22,128 | 29,817 | - | |
22 |
- | - | 5,958 | - | |
23 |
2,576 | 4,267 | - | - | |
24 |
11,864 | 17,861 | 23,859 | - | |
29/58 |
7,787 | 13,698 | 22,768 | 22,031 | |
40/41 |
5,245 | 5,140 | 4,719 | 15,972 | |
40 |
4,719 | 4,719 | 4,719 | 15,972 | |
41 |
526 | 421 | - | - | |
54/58 |
1,304 | 7,357 | 17,100 | 6,059 | |
490/1 |
1,238 | 1,201 | 949 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
22,227 | 35,826 | 52,585 | 22,031 | |
10/15 |
7,108 | 21,952 | 35,930 | 13,978 | |
10/11 |
2,000 | 2,000 | 2,000 | 2,000 | |
13 |
- | 15,000 | 30,000 | 10,000 | |
133 |
- | 15,000 | 30,000 | 10,000 | |
14 |
5,108 | 4,952 | 3,930 | 1,978 | |
17/49 |
15,119 | 13,874 | 16,655 | 8,053 | |
42/48 |
15,119 | 13,874 | 16,655 | 8,053 | |
44 |
4,570 | 4,570 | 5,430 | 1,697 | |
440/4 |
4,570 | 4,570 | 5,430 | 1,697 | |
45 |
426 | 435 | 7,430 | 6,356 | |
450/3 |
426 | 435 | 7,430 | 6,356 | |
47/48 |
10,123 | 8,869 | 3,795 | - | |
| Income statement | |||||
9900 |
-5,757 | -4,579 | 30,641 | 15,350 | |
630 |
7,688 | 7,689 | 1,139 | - | |
631/4 |
- | - | - | 347 | |
640/8 |
928 | 1,031 | 53 | - | |
9901 |
-14,373 | -13,299 | 29,449 | 15,003 | |
65/66B |
45 | 244 | 170 | - | |
65 |
45 | 244 | - | - | |
66B |
- | - | 170 | - | |
9903 |
-14,418 | -13,543 | 29,279 | 15,003 | |
67/77 |
426 | 435 | 7,327 | 3,025 | |
9904 |
-14,844 | -13,978 | 21,952 | 11,978 | |
9905 |
-14,844 | -13,978 | 21,952 | 11,978 | |
| Appropriation of the result | |||||
9906 |
-9,892 | -10,048 | 23,930 | 11,978 | |
14P |
4,952 | 3,930 | 1,978 | - | |
791/2 |
15,000 | 15,000 | - | - | |
691/2 |
- | - | 20,000 | 10,000 | |
6921 |
- | - | 20,000 | 10,000 | |
| Document | |||||
The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00431056.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| -6,685 | -5,610 | 30,588 | - | ||
| -7,156 | -6,289 | 23,091 | - | ||
| 0 | 0 | 30,956 | - | ||
| -6,053 | -9,743 | 11,041 | - | ||
| -7,332 | -176 | 6,113 | 13,978 | ||
| 32.0% | 61.3% | 68.3% | 63.4% | ||
| 0.52 | 0.99 | 1.37 | 2.74 | ||
| 2.13 | 0.63 | 0.46 | 0.58 | ||
| -208.8% | -63.7% | 61.1% | 85.7% | ||
| -66.8% | -39.0% | 41.7% | 54.4% | ||
| -148.56 | -22.99 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €30,956 | - |
| €7,688 | €7,689 | €1,139 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on GH Engineering
The operating result for 2025 is a loss of €14,373, larger than the loss of €13,299 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total rises from 38.7% to 68.0%. Equity is lower and debt is higher.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
since 09-09-2022
term without a fixed end
listed in the 2025 annual accounts, filed on 27-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “12. S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est attribuée, avec la faculté de déléguer partie de…”deed of 13-09-2022
Mandates through the years
1 name, the dashed line is todayHERBILLON Gilles Benjamin
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- HERBILLON Gilles Benjamin
- Director (not named in the articles), from 09-09-2022 to date
Control
Capital
- Contribution
- €2,000
- Shares
- 200
- Contribution per share
- €10
- Equity per share
- €35.54 in 2025
- Source
- deed of 13-09-2022
Articles of association
deed of 13-09-2022 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, toutes cessions entre vifs à titre onéreux ou gratuit volontaires ou…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 18:00
Shareholders
At incorporation
deed of 13-09-2022 ↗
- HERBILLON Gilles Benjamin 200 shares (100%) · €2,000
Network & group
No group
GH Engineering has no parent and no holdings in its annual accounts. HERBILLON Gilles Benjamin is the only director. GH Engineering shares no director with another company.
Timeline
Timeline
9 events since 2022Filings
Financial
Establishments
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 27 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0790659569
2025
Weakest financial year net -€14,844 The net result drops to -€14,844, the lowest from 2022 to 2025.
Annual accounts 2024 filed PDFmicro format · 2 days before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 57 days before the deadline
2023
Highest result from 2022 to 2025 net €21,952 ▲83.3% The operating result of €29,449 and the net result of €21,952 are both a record.
Annual accounts 2022 filed PDFmicro format · 34 days before the deadline
2022
IncorporationFounding capital of €2,000, 200 shares · Founder: HERBILLON Gilles Benjamin · Appointment: HERBILLON Gilles Benjamin (director) · published on 13-09-20225 points ▸
- Founder, HERBILLON Gilles Benjamin
- Founding capital, €2,000, 200 shares
- Registered office clause, rue Petit Rivage 1, 4540 Amay
- Board rule, 1, 3
- Director appointment, HERBILLON Gilles Benjamin (director (not named in the articles))
- The deed holds 3 more points.
First establishment Rue Petit Rivage 1, Amay
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 9 September 2022, GH Engineering was incorporated as a private limited company by one natural person, with a starting capital of €2,000.12 HERBILLON Gilles Benjamin has served as director since 2022.3 Total assets went from €22,031 in 2022 to €22,227 in 2025.4
Company details
Identity
- Enterprise number
- 0790.659.569
- VAT number
- BE 0790.659.569
- Peppol ID
- 0208:0790659569
- Other Peppol ID
- 9925:BE0790659569
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 09-09-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Thursday of June at 18:00deed of 13-09-2022 (in French)
- Peppol
- Reachable since 10-08-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- GH Engineering in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 13-09-2022 (in French)
- Name clauseThe company operates under this name according to its articles.
- GH Engineeringdeed of 13-09-2022 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région Wallonne”deed of 13-09-2022 (in French)
Activities
NACEBEL 202571121
Engineering and related technical consultancy, excluding land surveyors main activity
Codes under NACEBEL 2008
71121
Engineering activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “L’étude (notamment calculs et simulations), la conception (notamment design 3D et plans, suivi de fournisseurs et assemblage) et la…”deed of 13-09-2022 (in French)
13 activities
- L’étude (notamment calculs et simulations), la conception (notamment design 3D et plans, suivi de fournisseurs et assemblage) et la validation d’équipements et de machines, depuis la définition du concept jusqu’au dimensionnement, à la modélisation et à la réalisation des plans de fabrication
- La conception de bancs d’essais pour la validation des composants d’équipements et de machines
- L’analyse, la conception, le contrôle, l’engineering de toutes natures techniques, l’ingénierie, la réalisation de dessins et descriptifs, le suivi et la gestion de projets, la prestation de diagnostic, d’expertise et de formation
- La consultance, le développement et l’exploitation des sources et technologies nouvelles et renouvelables
- Toutes prestations intellectuelles à l’attention des domaines techniques domestiques, industriels et tertiaires
- La consultance, le développement et la réalisation de systèmes et de logiciels informatiques
- La coordination d’essais, la réalisation d’essais et de mesures ainsi que l’analyse de données à des fins de benchmarking de véhicules motorisés au sens le plus large
- L’électricité, haute et basse tension, l’électronique, l’informatique, la sécurité, la vision, la régulation, l’hydraulique, le sanitaire, la plomberie, la tuyauterie industrielle, le pneumatique, le sprinkler, le froid commercial, le chauffage, le conditionnement d’air, la climatisation, la sonorisation, l’instrumentation, la transmission des énergies et des données, la détection intrusion et incendie, les alarmes, le contrôle d’accès, les mesures, le recyclage, ainsi que leurs applications
- La fabrication des équipements et machines et mise sur le marché, en conformité avec les exigences liées aux normes locales en vigueur
- Le montage des équipements et machines sur site
- La mise en service des équipements et machines sur site
- La gestion et la conduite de projets techniques ainsi que la consultance
- La constitution, la mise en ligne, la vente, le suivi et la maintenance de bases de données en toutes matières sportives au sens le plus large ainsi que l’élaboration et la maintenance de programmes ou d’applications dans la même matière
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Rue Petit Rivage 1 registered office 4540 Amay | 09-09-2022 | 2.336.193.332 |
Buildings and parcels at the address
- Ground area
- 1,136 m²
- Buildings
- 151 m²
- Volume, LiDAR
- 1,138 m³
- Tallest building
- 14.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 61022C0409/00H000 | 1,136 m² | 1 · 151 m² | 14.1 m · 2 |
Contact
E-mail
gilles.herbillon.1979@gmail.com
Phone
+32 498 75 90 37