GLH
ActiveSummary
GLH has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €763,120 and a net result of €96,421. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-5
Solvency80▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.07 in 2023; short-term debt: 37.7% of total assets), and 44.9% of the assets are financed with debt.
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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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55.1%
Return on assets
7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
89 d late
2023
30 d late
2022
85 d late
2021
332 d late
2020
90 d late
2019
1214 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 307 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€763,120▲ 14.5%
2023 · €666,699
Total assets
€1.4m▲ 4.3%
2023 · €1.3m
Net result
€96,421▲ 10.4%
2023 · €87,319
Working capital
€131,453▲ 247%
2023 · €37,888
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€159,152▼ 19.4%€182,843▲ 14.9%€105,684▼ 42.2%€105,720=€149,693▲ 41.6%
Net result€120,340▼ 24.8%€132,920▲ 10.5%€82,033▼ 38.3%€87,319▲ 6.4%€96,421▲ 10.4%
Equity€364,426▲ 49.3%€497,347▲ 36.5%€579,380▲ 16.5%€666,699▲ 15.1%€763,120▲ 14.5%
Total assets€693,539▲ 37.9%€830,263▲ 19.7%€840,724▲ 1.3%€1.3m▲ 58.0%€1.4m▲ 4.3%
Debt€329,113▲ 27.2%€332,916▲ 1.2%€261,344▼ 21.5%€661,233▲ 153%€622,419▼ 5.9%
Working capital€324,668▲ 98.0%€428,143▲ 31.9%€477,196▲ 11.5%€37,888▼ 92.1%€131,453▲ 247%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Total assets +58% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 42% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€731,667 ▼ 0.2%
Current assets
€653,872 ▲ 9.9%
Equity and liabilities €1.4m
Equity
€763,120 ▲ 14.5%
Debt
€622,419 ▼ 5.9%
Debt's share of the balance-sheet total falls from 49.8% to 44.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€151,187▲
2023 · €106,945
Cash flow
€97,916▲
2023 · €88,543
Current ratio
1.25▲
2023 · 1.07
Debt to equity
0.82▼
2023 · 0.99
ROE
12.6%▼
2023 · 13.1%
ROA
7.0%▲
2023 · 6.6%
Interest coverage
5.32▼
2023 · 25.63
Debt ≤ 1 year
€522,419▼
2023 · €556,882
Debt > 1 year
€100,000▼
2023 · €104,351
Income taxes
€40,075▲
2023 · €38,489
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,615 | €1,531 | €357 | €1,225 | €1,494 | ▲ 22.0% |
| Other operating charges640/8 | - | €4,820 | €4,566 | €1,056 | €3,066 | ▲ 190% |
| Gross operating margin9900 | €167,011 | €189,193 | €110,606 | €108,002 | €154,254 | ▲ 42.8% |
| Operating profit (loss)9901 | €159,152 | €182,843 | €105,684 | €105,720 | €149,693 | ▲ 41.6% |
| Financial income75/76B | - | €14,059 | €14,000 | €24,260 | €15,199 | ▼ 37.4% |
| Recurring financial income75 | €11,020 | €14,059 | €14,000 | €24,260 | €15,199 | ▼ 37.4% |
| Financial charges65/66B | - | €4,271 | €4,382 | €4,173 | €28,395 | ▲ 581% |
| Recurring financial charges65 | €5,637 | €4,271 | €4,382 | €4,173 | €28,395 | ▲ 581% |
| Profit (loss) for the period before taxes9903 | €164,535 | €192,631 | €115,302 | €125,808 | €136,496 | ▲ 8.5% |
| Income taxes67/77 | €44,195 | €59,710 | €33,268 | €38,489 | €40,075 | ▲ 4.1% |
| Profit (loss) for the period9904 | €120,340 | €132,920 | €82,033 | €87,319 | €96,421 | ▲ 10.4% |
| Profit (loss) for the period to be appropriated9905 | €120,340 | €132,920 | €82,033 | €87,319 | €96,421 | ▲ 10.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €693,539 | €830,263 | €840,724 | €1.3m | €1.4m | ▲ 4.3% |
| Fixed assets21/28 | €231,791 | €230,260 | €232,769 | €733,161 | €731,667 | ▼ 0.2% |
| Tangible fixed assets22/27 | €1,791 | €260 | €2,769 | €3,161 | €1,667 | ▼ 47.3% |
| Furniture and vehicles24 | - | €260 | €2,769 | €3,161 | €1,667 | ▼ 47.3% |
| Financial fixed assets28 | €230,000 | €230,000 | €230,000 | €730,000 | €730,000 | = |
| Current assets29/58 | €461,749 | €600,003 | €607,955 | €594,770 | €653,872 | ▲ 9.9% |
| Amounts receivable after more than one year29 | - | €560,000 | €560,000 | €553,132 | €502,872 | ▼ 9.1% |
| Trade receivables290 | - | €560,000 | €560,000 | €53,132 | €2,872 | ▼ 94.6% |
| Other amounts receivable291 | - | - | - | €500,000 | €500,000 | = |
| Amounts receivable within one year40/41 | €12,387 | €38,795 | €42,869 | €21,916 | €89,089 | ▲ 307% |
| Trade receivables40 | - | €16,625 | - | - | €11,275 | - |
| Other amounts receivable41 | - | €22,170 | €42,869 | €21,916 | €77,814 | ▲ 255% |
| Current investments50/53 | €9,361 | €1,208 | €4,355 | €19,723 | €61,912 | ▲ 214% |
| Deferred charges and accrued income490/1 | - | - | €730 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €693,539 | €830,263 | €840,724 | €1.3m | €1.4m | ▲ 4.3% |
| Equity10/15 | €364,426 | €497,347 | €579,380 | €666,699 | €763,120 | ▲ 14.5% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Capital10 | - | €50,000 | €50,000 | €50,000 | - | - |
| Issued capital100 | - | €50,000 | €50,000 | €50,000 | - | - |
| Reserves13 | €308,000 | €438,000 | €518,000 | €518,000 | €518,000 | = |
| Non-distributable reserves130/1 | - | €5,000 | €5,000 | €5,000 | - | - |
| Legal reserve130 | - | €5,000 | €5,000 | €5,000 | - | - |
| Distributable reserves133 | - | €433,000 | €513,000 | €513,000 | €518,000 | ▲ 1.0% |
| Profit (loss) carried forward14 | €6,426 | €9,347 | €11,380 | €98,699 | €195,120 | ▲ 97.7% |
| Amounts payable17/49 | €329,113 | €332,916 | €261,344 | €661,233 | €622,419 | ▼ 5.9% |
| Amounts payable after more than one year17 | €192,033 | €161,056 | €130,585 | €104,351 | €100,000 | ▼ 4.2% |
| Financial debts170/4 | - | €61,056 | €30,585 | €4,351 | - | - |
| Other amounts payable178/9 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Amounts payable within one year42/48 | €137,080 | €171,861 | €130,759 | €556,882 | €522,419 | ▼ 6.2% |
| Current portion of amounts payable after more than one year42 | - | €30,977 | €30,471 | €224,850 | €204,351 | ▼ 9.1% |
| Financial debts43 | - | - | - | €200,000 | €200,000 | = |
| Credit institutions430/8 | - | - | - | €200,000 | €200,000 | = |
| Trade debts44 | €7,604 | €7,699 | €33,513 | €53,484 | €5,983 | ▼ 88.8% |
| Suppliers440/4 | - | €7,699 | €33,513 | €53,484 | €5,983 | ▼ 88.8% |
| Taxes, remuneration and social security45 | - | €133,184 | €41,567 | €78,548 | €112,086 | ▲ 42.7% |
| Taxes450/3 | - | €133,184 | €41,567 | €78,548 | €112,086 | ▲ 42.7% |
| Other amounts payable47/48 | - | - | €25,208 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €120,340 | €132,920 | €82,033 | €87,319 | €96,421 | ▲ 10.4% |
| + Depreciation and write-downs630 | €1,615 | €1,531 | €357 | €1,225 | €1,494 | ▲ 22.0% |
| Operating cash flow (approximation) | €121,955 | €134,451 | €82,390 | €88,543 | €97,916 | ▲ 10.6% |
| Investment in fixed assets (approximation) | - | €0 | -€2,866 | -€501,617 | €0 | ▲ 100% |
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
2025
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 89 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1214 days late
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 332 days late
2022
31-12
Financial
Equity above €500,000Eq €579,380 ▲16.5%
5 profitable years in a row build equity to €579,380.
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2019
31-12
Financial
Highest result since 2018net €159,971 ▲289%
Operating result €197,497, net result €159,971, both a record.
31-12
Financial
Liquidity times 5current ratio 2.56
Current ratio from 0.49 to 2.56.
31-12
Financial
Equity above €200,000Eq €244,087 ▲32.6%
2 profitable years in a row build equity to €244,087.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
03-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Brussel · 1 establishment unit since 2011
Ground area
4,251 m²
Building footprint
2,312 m²
Volume, LiDAR
50,861 m³
2 parcels, Brussels · tallest building 45.6 m, ±8 floors. Linked by address, not a title deed.
157
companies at this address
See who is registered here
1 establishment unit
GLH
since 20112.196.572.225
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612D0108/00W000 | Brussels | 2,418 m² | 1 · 481 m² | 14.2 m · 4 fl. |
| 21822R0224/00S007 | Brussels | 1,833 m² | 1 · 1,831 m² | 45.6 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
30%
- Sourceown accounts 2024Equity €2.7mResult -€142,4044%
According to the 2024 annual accounts of GLH 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
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 30,725 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
Founded22-08-1995
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455789142
Registered
15-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.