GHH

Active

Private limited company (pre-2019)founded 201412 yrs activeRue des Vennes 153, 4020 Liège, BelgiumKBO/BCE: BE 0554.709.049

The computed 12-month bankruptcy probability of GHH is 1.5% (moderate). The 2024 annual accounts show negative equity (€-26k) and a net result of €-44k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 1854 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

29 / 100

Weak

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency0▼-73

Growth32▼-46

Track record100

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.52 against 1.76 in 2023; short-term debt: 184.5% and cash: 65.3% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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 2024

Solvency, return and age of the figures

Solvency

-84.5%

Return on assets

-146.8%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year €-26k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

163 d late

2022

529 d late

2021

823 d late

2020

1161 d late

2019

210 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-44k▼ 252%

2023 · €-13k

2018: €-17k 2019: €-36k 2020: €2k 2021: €32k 2022: €999 2023: €-13k

2018 → 2024

Working capital

€-27k

2023 · €16k

2018: €-8k 2019: €-18k 2020: €-19k 2021: €18k 2022: €24k 2023: €16k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-1k-€30k€31k▲ 3.3%€19k▼ 40.1%€-26k

Operating result€2k-€32k▲ 1,403%€6k▼ 82.5%€-12k€-9k▲ 25.6%

Net result€2k-€32k▲ 1,944%€999▼ 96.8%€-13k€-44k▼ 252%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €9k in 2024 against €12k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €30k

96.1%

Fixed assets €1k▼ 62.2%

Current assets €29k▼ 20.5%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-7k▼

2023 · €-7k

Cash flow

€-43k▼

2023 · €-7k

Solvency

-84.5%▼

2023 · 47.5%

Current ratio

0.52▼

2023 · 1.76

Quick ratio

0.52▼

2023 · 1.76

Debt / equity

-2.18▼

2023 · 1.11

ROA

-146.8%▼

2023 · -31.7%

Interest coverage

-8.76▲

2023 · -15.12

Debt

€56k▲

2023 · €21k

Debt ≤ 1 year

€56k▲

2023 · €21k

Income taxes

€35k

Staff costs

€35k▼

2023 · €52k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€40k€30k▼

Fixed assets21/28€3k€1k▼

Tangible fixed assets22/27€3k€912▼

Plant, machinery and equipment23€3k€912▼

Furniture and vehicles24€254-

Financial fixed assets28€260€260=

Current assets29/58€37k€29k▼

Amounts receivable within one year40/41€28k€9k▼

Trade receivables40€1k€201▼

Other amounts receivable41€27k€9k▼

Cash at bank and in hand54/58€9k€20k▲

Equity and liabilities

Total equity and liabilities10/49€40k€30k▼

Equity10/15€19k€-26k▼

Contributions10/11€20k€20k=

Profit (loss) carried forward14€-1k€-46k▼

Amounts payable17/49€21k€56k▲

Amounts payable within one year42/48€21k€56k▲

Trade debts44€0€10k▲

Suppliers440/4€0€10k▲

Taxes, remuneration and social security45€12k€23k▲

Taxes450/3€12k€23k▲

Remuneration and social security454/9€640-

Other amounts payable47/48€9k€23k▲

Income statement Code20232024

Remuneration, social security and pensions62€52k€35k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€2k▼

Other operating charges640/8€6k€4k▼

Non-recurring operating charges66A€212-

Gross operating margin9900€51k€32k▼

Operating profit (loss)9901€-12k€-9k▲

Financial income75/76B€1€0▼

Recurring financial income75€1€0▼

Financial charges65/66B€453€813▲

Recurring financial charges65€453€813▲

Profit (loss) for the period before taxes9903€-13k€-10k▲

Income taxes67/77-€35k

Profit (loss) for the period9904€-13k€-44k▼

Profit (loss) for the period to be appropriated9905€-13k€-44k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-1k€-46k▼

Profit (loss) brought forward from the previous period14P€11k€-1k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

10-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 163 days late

10-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 529 days late

2024

31-12

Financial Weakest financial yearnet €-44k

Net result drops to €-44k, the lowest in the series.

31-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 823 days late

04-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 1161 days late

2021

31-12

Financial Highest result since 2018net €32k ▲1944%

Operating result €32k, net result €32k, both a record.

31-12

Financial Liquidity times 6current ratio 2.45

Current ratio from 0.38 to 2.45; short-term debt falls from €30k to €12k.

26-02

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 210 days late

2020

31-12

Financial Back to profitnet €2k

Net result €2k after 2 loss-making years.

2019

19-12

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 141 days late

26-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 422 days late

2018

26-03

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 238 days late

2016

27-09

NBB filing Annual accounts filed

fiscal year 2015 · full schema · 58 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2017

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

15-08-2017 Resigned as Managing director

Location & real-estate footprint

Registered office, Liège · 1 establishment unit since 2014

establishment The establishment unit on the map

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 des Vennes 1534020 Liège

Ground area

186 m²

Building footprint

78 m²

Volume, LiDAR