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GHEPPIO

Active
Private limited companyfounded 20215 yrs activeBlauwe Stap 28, 3020 Herent, BelgiumKBO/BCE: BE 0771.596.891
Summary

GHEPPIO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,931 and a net result of -€46,834. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Overview

What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€188,584total assets 2025
Equity
€11,931
Loss
-€46,834
Turnover not published (abridged schema)
Financially healthy?
46 Fair Checked score 2025
Bankruptcy chance 12 m
0.5%
Who decides
Accounts 8 d early0 of 1 deed read
Why 46- Limited track record- Annual accounts: weaker financial profile- Weak solvency vs sector+ Lower-failure-rate sectorLatest accounts filed on timeShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-97
Solvency31▼-69
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 4.78 in 2024; short-term debt: 92.6% and cash: 98.2% of total assets), and 93.7% of the assets are financed with debt.
Credit check for your own amount and term

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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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
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 2025
Solvency, return and age of the figures
Solvency
6.3%
Return on assets
-24.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 32629 sector peers (2025).
NBB · sector comparison
Position among 32629 sector peers
Solvency
better than 14%
← weakest strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
8 d early
2024
8 d early
2023
19 d early
2022
25 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 15 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 18 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 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 -€46,834
  3. Annual accounts filedfiscal year 2024 · micro…

Financials

Fiscal year 2025Total assets €188,584Loss -€46,834Solvency 6.3%Liquidity 1.06
Total assets
€188,584▼ 37.4%
2022 - 2025
Net result
-€46,834
2022 - 2025
Equity
€11,931▼ 95.0%
2022 - 2025
Solvency
6.3%▼ 72.9pp
2022 - 2025

Financials · fiscal year 2025, micro schema

Trend over the years4 fiscal years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2022202320242025
Operating result€128,148-€89,062▼ 30.5%€85,451▼ 4.1%-€46,106
Net result€98,260above the sector's middle half-€69,178above the sector's middle half▼ 29.6%€68,327above the sector's middle half▼ 1.2%-€46,834below the sector's middle half
Equity€101,260within the sector's middle half-€170,439within the sector's middle half▲ 68.3%€238,765within the sector's middle half▲ 40.1%€11,931below the sector's middle half▼ 95.0%
Total assets€145,449within the sector's middle half-€234,146within the sector's middle half▲ 61.0%€301,404within the sector's middle half▲ 28.7%€188,584within the sector's middle half▼ 37.4%
Debt€44,189-€63,707▲ 44.2%€62,638▼ 1.7%€176,653▲ 182%
Working capital€98,807within the sector's middle half-€168,975above the sector's middle half▲ 71.0%€234,279above the sector's middle half▲ 38.6%€11,080within the sector's middle half▼ 95.3%
Solvency69.6%within the sector's middle half-72.8%within the sector's middle half▲ 3.2pp79.2%within the sector's middle half▲ 6.4pp6.3%below the sector's middle half▼ 72.9pp
Current ratio3.24within the sector's middle half-3.65within the sector's middle half▲ 0.424.78above the sector's middle half▲ 1.121.06within the sector's middle half▼ 3.71
Return on assets (ROA)67.6%above the sector's middle half-29.5%within the sector's middle half▼ 38.0pp22.7%within the sector's middle half▼ 6.9pp-24.8%below the sector's middle half▼ 47.5pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet2025
Result per fiscal year
Operating resultNet result
-€50,000€0€50,000€100,000€150,000Operating result 2022: €128,148€128,148Net result 2022: €98,260€98,260Operating result 2023: €89,062€89,062Net result 2023: €69,178€69,178Operating result 2024: €85,451€85,451Net result 2024: €68,327€68,327Operating result 2025: -€46,106-€46,106Net result 2025: -€46,834-€46,8342022202320242025-€50,000€0€50,000€100,000Operating result 2023: €89,062€89,100Net result 2023: €69,178€69,200Operating result 2024: €85,451€85,500Net result 2024: €68,327€68,300Operating result 2025: -€46,106Net result 2025: -€46,834-€46,800202320242025
The operating result turns negative in 2025: a loss of €46,106 after €85,451 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188,584
Fixed assets €2,956 ▼ 41.7%
Current assets €185,628 ▼ 37.4%
Equity and liabilities €188,584
Equity €11,931 ▼ 95.0%
Debt €176,653 ▲ 182%
Debt's share of the balance-sheet total rises from 20.8% to 93.7%. Equity is lower and debt is higher.
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
EBITDA
-€43,995▼
2024 · €87,207
Cash flow
-€44,724▼
2024 · €70,083
Debt to equity
14.81▲
2024 · 0.26
ROE
-392.5%▼
2024 · 28.6%
Interest coverage
-22.19▼
2024 · 49.12
Debt ≤ 1 year
€174,548▲
2024 · €62,058
Income taxes
€169▼
2024 · €17,712
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 646 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 86% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
7.3% went bankrupt
5.9% stopped otherwise
86% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 646 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet Code20242025
Assets
Total assets20/58€301,404€188,584▼
Fixed assets21/28€5,066€2,956▼
Tangible fixed assets22/27€5,066€2,956▼
Plant, machinery and equipment23€651€327▼
Furniture and vehicles24€4,415€2,628▼
Current assets29/58€296,338€185,628▼
Amounts receivable within one year40/41€12,020€407▼
Trade receivables40€0-
Other amounts receivable41€12,020€407▼
Current investments50/53€100,000€0▼
Cash at bank and in hand54/58€182,358€185,221▲
Deferred charges and accrued income490/1€1,960€0▼
Equity and liabilities
Total equity and liabilities10/49€301,404€188,584▼
Equity10/15€238,765€11,931▼
Contributions10/11€3,000€3,000=
Reserves13€235,765€8,931▼
Distributable reserves133€235,765€8,931▼
Profit (loss) carried forward14-€0
Amounts payable17/49€62,638€176,653▲
Amounts payable within one year42/48€62,058€174,548▲
Trade debts44€26,745€2,701▼
Suppliers440/4€26,745€2,701▼
Taxes, remuneration and social security45€35,313€44,132▲
Taxes450/3€35,313€44,132▲
Remuneration and social security454/9€0-
Other amounts payable47/48-€127,715
Accrued charges and deferred income492/3€580€2,104▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,756€2,110▲
Other operating charges640/8€557€798▲
Gross operating margin9900€87,764-€43,198▼
Operating profit (loss)9901€85,451-€46,106▼
Financial income75/76B€2,363€1,423▼
Recurring financial income75€2,363€1,423▼
Financial charges65/66B€1,776€1,983▲
Recurring financial charges65€1,776€1,983▲
Profit (loss) for the period before taxes9903€86,038-€46,665▼
Income taxes67/77€17,712€169▼
Profit (loss) for the period9904€68,327-€46,834▼
Profit (loss) for the period to be appropriated9905€68,327-€46,834▼
Appropriation of the result
Profit (loss) to be appropriated9906€68,327-€46,834▼
Transfer from equity791/2-€226,834
Transfer to equity691/2€68,327€0▼
To other reserves6921€68,327€0▼
Profit to be distributed694/7-€180,000
Return on contributions (dividend)694-€180,000

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,165€990€1,756€2,110▲ 20.2%
Other operating charges640/8€674€643€557€798▲ 43.3%
Gross operating margin9900€129,987€90,695€87,764-€43,198▼ 149%
Operating profit (loss)9901€128,148€89,062€85,451-€46,106▼ 154%
Financial income75/76B€297€351€2,363€1,423▼ 39.8%
Recurring financial income75€297€351€2,363€1,423▼ 39.8%
Financial charges65/66B€1,884€2,053€1,776€1,983▲ 11.7%
Recurring financial charges65€1,884€2,053€1,776€1,983▲ 11.7%
Profit (loss) for the period before taxes9903€126,561€87,360€86,038-€46,665▼ 154%
Income taxes67/77€28,301€18,182€17,712€169▼ 99.0%
Profit (loss) for the period9904€98,260€69,178€68,327-€46,834▼ 169%
Profit (loss) for the period to be appropriated9905€98,260€69,178€68,327-€46,834▼ 169%
Line2022202320242025Change
Assets
Total assets20/58€145,449€234,146€301,404€188,584▼ 37.4%
Fixed assets21/28€2,454€1,464€5,066€2,956▼ 41.7%
Tangible fixed assets22/27€2,454€1,464€5,066€2,956▼ 41.7%
Plant, machinery and equipment23€1,299€975€651€327▼ 49.7%
Furniture and vehicles24€1,154€488€4,415€2,628▼ 40.5%
Current assets29/58€142,995€232,682€296,338€185,628▼ 37.4%
Amounts receivable within one year40/41€18,319€56,613€12,020€407▼ 96.6%
Trade receivables40€14,961€51,004€0--
Other amounts receivable41€3,358€5,609€12,020€407▼ 96.6%
Current investments50/53--€100,000€0▼ 100%
Cash at bank and in hand54/58€122,619€176,059€182,358€185,221▲ 1.6%
Deferred charges and accrued income490/1€2,058€10€1,960€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€145,449€234,146€301,404€188,584▼ 37.4%
Equity10/15€101,260€170,439€238,765€11,931▼ 95.0%
Contributions10/11€3,000€3,000€3,000€3,000=
Reserves13€98,260€167,439€235,765€8,931▼ 96.2%
Distributable reserves133€98,260€167,439€235,765€8,931▼ 96.2%
Profit (loss) carried forward14---€0-
Amounts payable17/49€44,189€63,707€62,638€176,653▲ 182%
Amounts payable within one year42/48€44,189€63,707€62,058€174,548▲ 181%
Trade debts44€3,020€4,113€26,745€2,701▼ 89.9%
Suppliers440/4€3,020€4,113€26,745€2,701▼ 89.9%
Taxes, remuneration and social security45€41,168€59,594€35,313€44,132▲ 25.0%
Taxes450/3€38,144€56,576€35,313€44,132▲ 25.0%
Remuneration and social security454/9€3,024€3,018€0--
Other amounts payable47/48---€127,715-
Accrued charges and deferred income492/3--€580€2,104▲ 263%
Line2022202320242025Change
Profit (loss) for the period9904€98,260€69,178€68,327-€46,834▼ 169%
+ Depreciation and write-downs630€1,165€990€1,756€2,110▲ 20.2%
Operating cash flow (approximation)€99,426€70,169€70,083-€44,724▼ 164%
Investment in fixed assets (approximation)-€0-€5,359€0▲ 100%
Change in cash-€53,441€6,299€2,863▼ 54.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Comparable companies5

Similar companies · same sector, comparable size

Of 82,601 companies in this sector we hold annual accounts for 52,629. 24,920 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Timeline

7 eventsLatest 23-07-2026Next filing 31-07-2027

History

GHEPPIO was incorporated on 20 July 2021 as a Private limited company.1 Total assets rose from €145,449 in 2022 to €188,584 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€46,834
Net result drops to -€46,834, the lowest in the series.
23-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Equity above €200,000Eq €238,765 ▲40.1%
3 profitable years in a row build equity to €238,765.
12-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Equity above €150,000Eq €170,439 ▲68.3%
2 profitable years in a row build equity to €170,439.
06-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Company details

Private limited company · founded 20-07-2021Year ends 31-12Peppol not found1 site

Register details

Identification
Legal formPrivate limited company
Founded20-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
82300Organisation of conventions and trade shows
82990Other business support services
85599Other education
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 1 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Herent · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
1,332 m²
Building footprint
134 m²
Parcel 24422D0186/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
Blauwe Stap 28, 3020 Herent
Computing infrastructure, data processing, hosting and other information service activities
since 2021unit no. 2.321.267.408
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24422D0186/00E000 Flanders 1,332 m² 1 · 134 m² 0.0 m
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

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