GH PARTNERS
ActiveSummary
GH PARTNERS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.29M and a net result of €341k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 66% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+12
Solvency96▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200k at 30 days acceptable
Liquidity ample (current ratio 3.43 against 4.58 in 2024; short-term debt: 7.8% and cash: 16.5% of total assets), and 28.5% 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.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.5%
Return on assets
10.6%
Age of the figures
12 mo
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
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
28 d late
2023
30 d late
2022
24 d late
2021
31 d late
2020
26 d late
2019
62 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€341k▲ 1,264%
2024 · €25k
2018: €314k
2019: €572k
2020: €63k
2021: €297k
2022: €120k
2023: €32k
2024: €25k
2018 → 2025
Working capital
€608k▲ 63.5%
2024 · €372k
2018: €471k
2019: €760k
2020: €178k
2021: €254k
2022: €318k
2023: €332k
2024: €372k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.86M-€1.98M▲ 6.4%€2.02M▲ 1.6%€2.04M▲ 1.2%€2.29M▲ 12.2%
Operating result€442k-€207k▼ 53.1%€101k▼ 51.3%€55k▼ 45.1%€499k▲ 800%
Net result€297k-€120k▼ 59.5%€32k▼ 73.5%€25k▼ 21.4%€341k▲ 1,264%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 800% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.21M
Fixed assets
€2.35M ▼ 3.4%
Current assets
€859k ▲ 80.4%
Equity and liabilities €3.21M
Equity
€2.29M ▲ 12.2%
Debt
€915k ▲ 6.0%
Debt's share of the balance-sheet total falls from 29.7% to 28.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€605k▲
2024 · €159k
Cash flow
€447k▲
2024 · €128k
Current ratio
3.43▼
2024 · 4.58
Debt to equity
0.40▼
2024 · 0.42
ROE
14.9%▲
2024 · 1.2%
ROA
10.6%▲
2024 · 0.9%
Interest coverage
40.98▲
2024 · 9.76
Debt ≤ 1 year
€250k▲
2024 · €104k
Debt > 1 year
€665k▼
2024 · €755k
Income taxes
€158k▲
2024 · €15k
Staff costs
€19k▲
2024 · €18k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.90M€3.21M▲
Fixed assets21/28€2.43M€2.35M▼
Tangible fixed assets22/27€2.40M€2.32M▼
Land and buildings22€2.36M€2.27M▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€35k€40k▲
Financial fixed assets28€30k€30k=
Current assets29/58€476k€859k▲
Amounts receivable within one year40/41€41k€60k▲
Trade receivables40€26k€60k▲
Other amounts receivable41€15k€29▼
Current investments50/53€250k€260k▲
Cash at bank and in hand54/58€180k€529k▲
Deferred charges and accrued income490/1€5k€10k▲
Equity and liabilities
Total equity and liabilities10/49€2.90M€3.21M▲
Equity10/15€2.04M€2.29M▲
Contributions10/11€8k€8k=
Reserves13€2.03M€2.28M▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€190k€185k▼
Distributable reserves133€1.84M€2.09M▲
Profit (loss) carried forward14€4k€5k▲
Amounts payable17/49€863k€915k▲
Amounts payable after more than one year17€755k€665k▼
Financial debts170/4€755k€665k▼
Amounts payable within one year42/48€104k€250k▲
Current portion of amounts payable after more than one year42€89k€91k▲
Trade debts44€7k€9k▲
Suppliers440/4€7k€9k▲
Taxes, remuneration and social security45€7k€57k▲
Taxes450/3€5k€55k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€1k€94k▲
Accrued charges and deferred income492/3€4k€24▼
Income statement
Code20242025
Remuneration, social security and pensions62€18k€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€103k€106k▲
Other operating charges640/8€4k€5k▲
Gross operating margin9900€180k€629k▲
Operating profit (loss)9901€55k€499k▲
Financial income75/76B€920€14k▲
Recurring financial income75€920€14k▲
Financial charges65/66B€16k€15k▼
Recurring financial charges65€16k€15k▼
Profit (loss) for the period before taxes9903€40k€498k▲
Income taxes67/77€15k€158k▲
Profit (loss) for the period9904€25k€341k▲
Transfer from tax-exempt reserves789€21k€88k▲
Transfer to tax-exempt reserves689-€84k
Profit (loss) for the period to be appropriated9905€46k€345k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€349k▲
Profit (loss) brought forward from the previous period14P€4k€4k▲
Transfer from equity791/2-€91k
Transfer to equity691/2€46k€344k▲
To other reserves6921€46k€344k▲
Profit to be distributed694/7-€91k
Return on contributions (dividend)694-€91k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-09
Financial
Weakest financial yearnet €25k ▼21.4%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-09
Financial
Equity above €2MEq €2.02M ▲1.6%
6 profitable years in a row build equity to €2.02M.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Highest result since 2018net €572k ▲82.1%
Operating result €859k, net result €572k, both a record.
30-09
Financial
Equity above €1MEq €1.50M ▲61.3%
2 profitable years in a row build equity to €1.50M.
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Villers-la-Ville · 1 establishment unit since 2010
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.
Rue du Châtelet 281495 Villers-la-VilleGround area
5,620 m²
Building footprint
252 m²
Volume, LiDAR
913 m³
2 parcels, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Adjudant Kumps 29, 1495 Villers-la-Ville
since 20102.194.486.230
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25102D0115/00L000 | Wallonia | 4,142 m² | 1 · 137 m² | - |
| 25065A0251/00F000 | Wallonia | 1,478 m² | 1 · 115 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
ELANI
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Dm.P
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KOEN STICKER
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 18,657 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-2010
Fiscal year end30-09
Abbreviation FR
GHP
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:hubert@taxshelter.be
Phone:02/770.21.33
Fax:02/732.47.00