GHESP
ActiveSummary
GHESP has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.0m and a net result of -€30,900. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 95% of 8782 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability68▼-13
Solvency100=
Growth56▼-17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €700,000 at 30 days acceptable
Liquidity ample (current ratio 6.92 against 1.99 in 2024; short-term debt: 1% and cash: 5.7% of total assets), and 1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 →
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
99%
Return on assets
-0.3%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
57 d early
2023
56 d early
2022
36 d early
2021
35 d early
2020
34 d early
2019
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 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 6 June (3 of the last 3 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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.
Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 company by equity in Mol, Professional and technical services sector#7 company by total assets in Mol, Professional and technical services sector
Turnover
€295,351▲ 8.8%
2018 · €271,410
EBIT margin
40.4%▲ 8.0pp
2018 · 32.4%
Net result
-€30,900
2024 · €904,424
Working capital
€517,404▲ 7.9%
2024 · €479,550
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result-€7,903€98,170€20,816▼ 78.8%-€19,600-€40,199▼ 105%
Net result€253,714above the sector's middle half▲ 4.9%€295,399above the sector's middle half▲ 16.4%€369,063above the sector's middle half▲ 24.9%€904,424above the sector's middle half▲ 145%-€30,900below the sector's middle half
EBIT margin
Equity€9.1mabove the sector's middle half▲ 2.9%€8.6mabove the sector's middle half▼ 5.6%€8.9mabove the sector's middle half▲ 4.3%€9.1mabove the sector's middle half▲ 1.4%€9.0mabove the sector's middle half▼ 0.3%
Total assets€9.2mabove the sector's middle half▲ 2.5%€8.6mabove the sector's middle half▼ 6.1%€9.0mabove the sector's middle half▲ 4.4%€9.6mabove the sector's middle half▲ 6.1%€9.1mabove the sector's middle half▼ 4.5%
Debt€103,338▼ 20.8%€48,988▼ 52.6%€57,644▲ 17.7%€482,076▲ 736%€87,339▼ 81.9%
Working capital€248,105within the sector's middle half▼ 14.6%€62,632within the sector's middle half▼ 74.8%€285,403within the sector's middle half▲ 356%€479,550above the sector's middle half▲ 68.0%€517,404above the sector's middle half▲ 7.9%
Solvency98.9%above the sector's middle half▲ 0.3pp99.4%above the sector's middle half▲ 0.6pp99.4%above the sector's middle half▼ 0.1pp95.0%above the sector's middle half▼ 4.4pp99.0%above the sector's middle half▲ 4.1pp
Current ratio4.00above the sector's middle half▼ 0.022.47within the sector's middle half▼ 1.535.95above the sector's middle half▲ 3.481.99within the sector's middle half▼ 3.966.92above the sector's middle half▲ 4.93
Return on assets (ROA)2.8%within the sector's middle half▲ 0.1pp3.4%within the sector's middle half▲ 0.7pp4.1%within the sector's middle half▲ 0.7pp9.5%within the sector's middle half▲ 5.4pp-0.3%below the sector's middle half▼ 9.8pp
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 abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result +145% on 2023. The previous fiscal year ran 14 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €40,199 in 2025 against €19,600 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.1m
Fixed assets
€8.5m ▼ 0.8%
Current assets
€604,743 ▼ 37.1%
Equity and liabilities €9.1m
Equity
€9.0m ▼ 0.3%
Debt
€87,339 ▼ 81.9%
Debt's share of the balance-sheet total falls from 5.0% to 1.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€28,555▼
2024 · €50,122
Cash flow
€37,855▼
2024 · €974,147
Debt to equity
0.01▼
2024 · 0.05
ROE
-0.3%▼
2024 · 10.0%
Interest coverage
301.15▲
2024 · 191.61
Debt ≤ 1 year
€87,339▼
2024 · €482,076
Income taxes
€572▼
2024 · €90,324
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,964 | €36,991 | €66,639 | €69,722 | €68,754 | ▼ 1.4% |
| Other operating charges640/8 | €2,989 | €2,137 | €3,712 | €2,897 | €3,076 | ▲ 6.2% |
| Gross operating margin9900 | €32,050 | €137,298 | €91,167 | €53,019 | €31,631 | ▼ 40.3% |
| Operating profit (loss)9901 | -€7,903 | €98,170 | €20,816 | -€19,600 | -€40,199 | ▼ 105% |
| Financial income75/76B | €280,013 | €272,814 | €400,397 | €1.0m | €9,966 | ▼ 99.0% |
| Recurring financial income75 | €280,013 | €272,814 | €400,397 | €1.0m | €9,966 | ▼ 99.0% |
| Financial charges65/66B | €1,867 | €14,964 | €4,031 | €262 | €95 | ▼ 63.8% |
| Recurring financial charges65 | €1,867 | €14,964 | €4,031 | €262 | €95 | ▼ 63.8% |
| Profit (loss) for the period before taxes9903 | €270,244 | €356,020 | €417,182 | €994,748 | -€30,328 | ▼ 103% |
| Income taxes67/77 | €16,530 | €60,621 | €48,118 | €90,324 | €572 | ▼ 99.4% |
| Profit (loss) for the period9904 | €253,714 | €295,399 | €369,063 | €904,424 | -€30,900 | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €253,714 | €295,399 | €369,063 | €904,424 | -€30,900 | ▼ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.2m | €8.6m | €9.0m | €9.6m | €9.1m | ▼ 4.5% |
| Fixed assets21/28 | €8.9m | €8.5m | €8.7m | €8.6m | €8.5m | ▼ 0.8% |
| Tangible fixed assets22/27 | €544,855 | €511,543 | €651,516 | €581,793 | €513,039 | ▼ 11.8% |
| Land and buildings22 | €504,729 | €476,819 | €444,258 | €416,349 | €392,603 | ▼ 5.7% |
| Plant, machinery and equipment23 | - | - | €6,744 | €6,027 | €5,311 | ▼ 11.9% |
| Furniture and vehicles24 | €40,126 | €34,724 | €200,514 | €159,417 | €115,126 | ▼ 27.8% |
| Financial fixed assets28 | €8.3m | €8.0m | €8.0m | €8.0m | €8.0m | = |
| Current assets29/58 | €330,938 | €105,301 | €343,046 | €961,625 | €604,743 | ▼ 37.1% |
| Amounts receivable within one year40/41 | €116,873 | €44,917 | €65,920 | €436,449 | €24,802 | ▼ 94.3% |
| Trade receivables40 | - | €12,721 | €20,086 | €7,216 | €7,297 | ▲ 1.1% |
| Other amounts receivable41 | €116,873 | €32,196 | €45,834 | €429,233 | €17,505 | ▼ 95.9% |
| Current investments50/53 | €95,057 | €1,500 | €22,500 | €490,499 | €58,621 | ▼ 88.0% |
| Cash at bank and in hand54/58 | €119,008 | €58,883 | €254,627 | €34,677 | €521,320 | ▲ 1,403% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.2m | €8.6m | €9.0m | €9.6m | €9.1m | ▼ 4.5% |
| Equity10/15 | €9.1m | €8.6m | €8.9m | €9.1m | €9.0m | ▼ 0.3% |
| Contributions10/11 | €7.3m | €6.6m | €6.6m | €6.2m | €6.2m | = |
| Capital10 | €7.3m | - | - | - | - | - |
| Issued capital100 | €7.3m | - | - | - | - | - |
| Uncalled capital101 | €6,200 | - | - | - | - | - |
| Outside capital11 | - | €6.6m | €6.6m | €6.2m | - | - |
| Other1109/19 | - | €6.6m | €6.6m | €6.2m | - | - |
| Reserves13 | €1.8m | €2.0m | €2.4m | €2.9m | €2.8m | ▼ 1.1% |
| Non-distributable reserves130/1 | €108,000 | €123,000 | €142,000 | €188,000 | €188,000 | = |
| Legal reserve130 | €108,000 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €123,000 | €142,000 | €188,000 | €188,000 | = |
| Distributable reserves133 | €1.7m | €1.9m | €2.2m | €2.7m | €2.6m | ▼ 1.2% |
| Amounts payable17/49 | €103,338 | €48,988 | €57,644 | €482,076 | €87,339 | ▼ 81.9% |
| Amounts payable after more than one year17 | €20,504 | €6,319 | - | - | - | - |
| Financial debts170/4 | €20,504 | €6,319 | - | - | - | - |
| Amounts payable within one year42/48 | €82,834 | €42,669 | €57,644 | €482,076 | €87,339 | ▼ 81.9% |
| Current portion of amounts payable after more than one year42 | €13,669 | €13,669 | €4,577 | - | - | - |
| Trade debts44 | €43,865 | - | €6,879 | €1,801 | €3,583 | ▲ 98.9% |
| Suppliers440/4 | €43,865 | - | €6,879 | €1,801 | €3,583 | ▲ 98.9% |
| Taxes, remuneration and social security45 | €25,300 | €29,000 | €45,968 | €93,653 | €83,756 | ▼ 10.6% |
| Taxes450/3 | €25,300 | €29,000 | €45,968 | €93,653 | €83,756 | ▼ 10.6% |
| Other amounts payable47/48 | - | - | €219 | €386,621 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €253,714 | €295,399 | €369,063 | €904,424 | -€30,900 | ▼ 103% |
| + Depreciation and write-downs630 | €36,964 | €36,991 | €66,639 | €69,722 | €68,754 | ▼ 1.4% |
| Operating cash flow (approximation) | €290,678 | €332,390 | €435,702 | €974,147 | €37,855 | ▼ 96.1% |
| Investment in fixed assets (approximation) | - | €296,322 | -€206,612 | €0 | €0 | - |
| Change in cash | - | -€60,125 | €195,743 | -€219,950 | €486,643 | ▲ 321% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-09
State Gazette act
Capital & shares · MiscellaneousCapital increase · Capital · Power of attorney10 facts ▸
State Gazette act
Capital & shares · Miscellaneous
Capital increase · Capital · Power of attorney10 facts ▸
- General meeting, buitengewone algemene vergadering, enige aandeelhouder
- Other statement, kennisname verslagen inbreng in natura, artikelen 5:121, § 1, eerste lid en 5:133, § 1, eerste lid WVV
- Other statement, kennisname verslag bedrijfsrevisor, geen opmerkingen
- Other statement, geen vergoeding als tegenprestatie, alle aandelen toebehoren aan de inbrengers
- Other statement, fiscale verklaring, inbreng in natura leidt tot verlies VVPRbis regeling
- Capital increase, €5.871.033,07
- Capital, €5.871.033,07
- Power of attorney
- Auditor report, 31-08-2026
- Shareholding, inbrengers
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Weakest financial yearnet -€30,900
Net result drops to -€30,900, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 6.92
Current ratio from 1.99 to 6.92; short-term debt falls from €482,076 to €87,339.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €904,424 ▲145%
Net result €904,424, the highest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 5.95
Current ratio from 2.47 to 5.95.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-10
Financial
Liquidity triplescurrent ratio 4.02
Current ratio from 1.32 to 4.02.
Show earlier events
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 30 days late
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mol · 1 establishment unit since 2011
Ground area
1,554 m²
Building footprint
58 m²
Volume, LiDAR
531 m³
Parcel 13434F0079/00E004, Flanders · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
GHESP
since 20112.205.172.759
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0079/00E004 | Flanders | 1,554 m² | 1 · 58 m² | 13.4 m · 3 fl. |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
23.8%
According to the 2025 annual accounts of GHESP and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
Kempisch Logistiek Platform
Shared director
→
LIMBURGS LOGISTIEK PLATFORM
Shared director
→
Ownership & control
4 board mandatesBoard mandates of this companythis company sits on their board4
Capital and shareholders
Capital over the years
- 14-09-2026 Capital increase of 5,871,033.07 EUR · to 14,910,876.07 EUR · no new shares · in kind
Similar companies · same sector, comparable size
GETinvest
BE 0895.369.386
Diest · Eq €9,063,015
SICCO
BE 0817.118.793
Veurne · Eq €9,004,416
Vanwelkenhuyzen Family Holding
BE 0443.719.669
Hasselt · Eq €9,097,812
TOP INTERIOR GROUP
BE 0824.829.503
Zandhoven · Eq €8,969,031
REX CONSULTANCY
BE 0807.589.237
Knokke-Heist · Eq €8,959,518
Of 5,711 companies in sector 70100 we hold annual accounts for 3,519. 909 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841364340
Also
9925:BE0841364340
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.