Skip to content

GHD Advisory Services

Active
Private limited companyfounded 20224 yrs activeDrie Koningenstraat 33, 1180 Ukkel, BelgiumKBO/BCE: BE 0785.621.311
Summary

GHD Advisory Services has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€25,863) and a net result of -€24,756. Equity is shrinking by ~90.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 34931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisWatch ReportCompare
GHD Advisory ServicesActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
Size
€215,070total assets 2025
Equity
-€25,863
Loss
-€24,756
Turnover not published (abridged schema)
Financial health
53 Fair Checked score 2025
Bankruptcy chance 12 m
0.4%
Structure
Accounts 39 d early0 of 1 deed read
Why 53Capped at 59: negative equity- Negative equity -€25,863- Loss of €24,756, the second in a row (FY 2025)+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Size: total assets €215,070Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 10% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 13-9
equity -12.0% of total assets
Liquidity 42+8
short-term debt 48.4% · cash 13.1%
Profitability 4+4
return on assets -11.5%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (47,477 companies)
Last 14 months 09-2025: 0.4% 10-2025: 0.4%● 0.0% vs 09-2025 11-2025: 0.4%● 0.0% vs 10-2025 12-2025: 0.4%▲ +0.5% vs 11-2025highest value 01-2026: 0.3%▼ -18.7% vs 12-2025 02-2026: 0.3%▼ -0.9% vs 01-2026 03-2026: 0.4%▲ +1.7% vs 02-2026 04-2026: 0.4%▲ +5.7% vs 03-2026 05-2026: 0.4%▲ +6.2% vs 04-2026 06-2026: 0.4%▲ +3.0% vs 05-2026 07-2026: 0.3%▼ -19.0% vs 06-2026lowest value 08-2026: 0.3%● 0.0% vs 07-2026lowest value 09-2026: 0.3%▲ +3.0% vs 08-2026 10-2026: 0.4%▲ +3.8% vs 09-2026
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
  • Negative equity -€25,863 raises the probability
  • Size: total assets €215,070 lowers the probability for this profile
  • Loss of €24,756, the second in a row (FY 2025) raises the probability
No credit on open account
Liquidity ample (current ratio 1.52 against 0.76 in 2024; short-term debt: 48.4% and cash: 13.1% of total assets), but equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 7%, liquidity 22%, profitability 9%, growth against the median 0%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity -€25,863
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Size: total assets €215,070
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Loss of €24,756, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
22232425
2022 to 2025 · latest year -€25,863
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
39 d early
2024
21 d early
2023
41 d early
2022
10 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

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. Usually files around 1 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Weakest financial yearnet -€24,756
  3. Liquidity doublescurrent ratio 1.52

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€25,863 View
  • Risk: 3 loss-making years in a rowloss fiscal year 2025 -€24,756 View
  • Caution: Among the weakest 5% on equitysector median €80,523 · 34,961 companies -€25,863 View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2025
Total assets
€215,070
Loss
-€24,756
Solvency
-12.0%
Total assets▲ 392%
Net result
20222025
Go to Financials

Timeline

Events
6
Since
2023
Next accounts
by 31-07-2027
  1. 22-06-2026Annual accounts filed
  2. 31-12-2025Weakest financial year
  3. 31-12-2025Liquidity doubles
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
02-05-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure