NMHR Consult
ActiveSummary
NMHR Consult has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €47,417 and a net result of -€14,785. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 32% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability6▼-94
Solvency58▼-42
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.56 against 11.23 in 2024; short-term debt: 38.9% and cash: 43.8% of total assets), but 67.4% 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 →
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 2025Solvency, return and age of the figures
Solvency
32.6%
Return on assets
-10.2%
Age of the figures
9 mo
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 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 24-08-2026, 24 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 · 7 filingsDeviation from the deadline
2025
24 d late
2024
19 d late
2023
25 d late
2022
22 d late
2021
28 d late
2020
30 d late
2019
90 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 34 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 (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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€47,417▼ 57.7%
2024 · €112,202
Total assets
€145,318▲ 18.1%
2024 · €123,018
Net result
-€14,785
2024 · €35,811
Working capital
€88,337▼ 20.2%
2024 · €110,682
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
Line20212022202320242025
Operating result€51,235▲ 38.2%€44,789▼ 12.6%€39,184▼ 12.5%€46,502▲ 18.7%-€6,401
Net result€39,268▲ 53.5%€34,376▼ 12.5%€30,350▼ 11.7%€35,811▲ 18.0%-€14,785
Equity€109,358▲ 89.6%€70,090▼ 35.9%€100,440▲ 43.3%€112,202▲ 11.7%€47,417▼ 57.7%
Total assets€130,750▲ 42.8%€166,384▲ 27.3%€109,476▼ 34.2%€123,018▲ 12.4%€145,318▲ 18.1%
Debt€21,392▼ 36.8%€96,293▲ 350%€9,036▼ 90.6%€10,816▲ 19.7%€56,530▲ 423%
Working capital€103,892▲ 84.1%€66,211▼ 36.3%€97,633▲ 47.5%€110,682▲ 13.4%€88,337▼ 20.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,401 after €46,502 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145,318
Fixed assets
€452 ▼ 70.3%
Current assets
€144,867 ▲ 19.2%
Equity and liabilities €145,318
Equity
€47,417 ▼ 57.7%
Provisions
€41,371
Debt
€56,530 ▲ 423%
Debt's share of the balance-sheet total rises from 8.8% to 38.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€5,332▼
2024 · €47,788
Cash flow
-€13,716▼
2024 · €37,097
Current ratio
2.56▼
2024 · 11.23
Debt to equity
1.19▲
2024 · 0.10
ROE
-31.2%▼
2024 · 31.9%
ROA
-10.2%▼
2024 · 29.1%
Interest coverage
-3.13▼
2024 · 43.97
Debt ≤ 1 year
€56,530▲
2024 · €10,816
Income taxes
€8,470▼
2024 · €11,035
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 3,595 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €88,747 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,252 | €1,819 | €1,489 | €1,287 | €1,069 | ▼ 16.9% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €41,371 | - |
| Other operating charges640/8 | €425 | €290 | €118 | €569 | €256 | ▼ 54.9% |
| Non-recurring operating charges66A | €55 | €258 | - | - | - | - |
| Gross operating margin9900 | €52,966 | €47,156 | €40,791 | €48,357 | €36,296 | ▼ 24.9% |
| Operating profit (loss)9901 | €51,235 | €44,789 | €39,184 | €46,502 | -€6,401 | ▼ 114% |
| Financial income75/76B | €190 | €1,278 | €1,515 | €1,431 | €1,788 | ▲ 24.9% |
| Recurring financial income75 | €190 | €1,278 | €1,515 | €1,431 | €1,788 | ▲ 24.9% |
| Financial charges65/66B | €331 | €1,865 | €1,486 | €1,087 | €1,703 | ▲ 56.7% |
| Recurring financial charges65 | €331 | €1,865 | €1,486 | €1,087 | €1,703 | ▲ 56.7% |
| Profit (loss) for the period before taxes9903 | €51,094 | €44,202 | €39,212 | €46,846 | -€6,315 | ▼ 113% |
| Income taxes67/77 | €11,826 | €9,826 | €8,863 | €11,035 | €8,470 | ▼ 23.2% |
| Profit (loss) for the period9904 | €39,268 | €34,376 | €30,350 | €35,811 | -€14,785 | ▼ 141% |
| Profit (loss) for the period to be appropriated9905 | €39,268 | €34,376 | €30,350 | €35,811 | -€14,785 | ▼ 141% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €130,750 | €166,384 | €109,476 | €123,018 | €145,318 | ▲ 18.1% |
| Fixed assets21/28 | €5,467 | €3,880 | €2,807 | €1,521 | €452 | ▼ 70.3% |
| Tangible fixed assets22/27 | €5,424 | €3,837 | €2,765 | €1,478 | €409 | ▼ 72.3% |
| Plant, machinery and equipment23 | €514 | €44 | - | - | - | - |
| Furniture and vehicles24 | €819 | €627 | €523 | €161 | €17 | ▼ 89.4% |
| Other tangible fixed assets26 | €4,091 | €3,166 | €2,242 | €1,317 | €392 | ▼ 70.2% |
| Financial fixed assets28 | €42 | €42 | €42 | €42 | €42 | = |
| Current assets29/58 | €125,283 | €162,504 | €106,669 | €121,498 | €144,867 | ▲ 19.2% |
| Amounts receivable after more than one year29 | €49,139 | €55,038 | €55,038 | €55,038 | €58,555 | ▲ 6.4% |
| Other amounts receivable291 | €49,139 | €55,038 | €55,038 | €55,038 | €58,555 | ▲ 6.4% |
| Amounts receivable within one year40/41 | €13,438 | €25,848 | €21,841 | €12,936 | €19,697 | ▲ 52.3% |
| Trade receivables40 | €13,438 | €13,674 | €14,114 | €12,936 | €11,558 | ▼ 10.7% |
| Other amounts receivable41 | - | €12,174 | €7,727 | - | €8,139 | - |
| Cash at bank and in hand54/58 | €61,814 | €79,402 | €26,154 | €52,728 | €63,698 | ▲ 20.8% |
| Deferred charges and accrued income490/1 | €892 | €2,217 | €3,636 | €796 | €2,917 | ▲ 267% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €130,750 | €166,384 | €109,476 | €123,018 | €145,318 | ▲ 18.1% |
| Equity10/15 | €109,358 | €70,090 | €100,440 | €112,202 | €47,417 | ▼ 57.7% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | - | - | - | - |
| Other1109/19 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €51,490 | €51,490 | €51,490 | €27,442 | €27,442 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €49,630 | €49,630 | €49,630 | €25,582 | €25,582 | = |
| Profit (loss) carried forward14 | €39,268 | - | €30,350 | €66,161 | €1,376 | ▼ 97.9% |
| Provisions and deferred taxes16 | - | - | - | - | €41,371 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €41,371 | - |
| Other liabilities and charges164/5 | - | - | - | - | €41,371 | - |
| Amounts payable17/49 | €21,392 | €96,293 | €9,036 | €10,816 | €56,530 | ▲ 423% |
| Amounts payable within one year42/48 | €21,392 | €96,293 | €9,036 | €10,816 | €56,530 | ▲ 423% |
| Trade debts44 | €2,087 | €4,037 | €2,261 | €1,685 | €773 | ▼ 54.2% |
| Suppliers440/4 | €2,087 | €4,037 | €2,261 | €1,685 | €773 | ▼ 54.2% |
| Taxes, remuneration and social security45 | €18,676 | €29,659 | €6,775 | €4,967 | €12,088 | ▲ 143% |
| Taxes450/3 | €18,619 | €29,602 | €6,775 | €4,967 | €11,728 | ▲ 136% |
| Remuneration and social security454/9 | €57 | €57 | - | - | €360 | - |
| Other amounts payable47/48 | €629 | €62,597 | - | €4,163 | €43,669 | ▲ 949% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,268 | €34,376 | €30,350 | €35,811 | -€14,785 | ▼ 141% |
| + Depreciation and write-downs630 | €1,252 | €1,819 | €1,489 | €1,287 | €1,069 | ▼ 16.9% |
| Operating cash flow (approximation) | €40,520 | €36,195 | €31,839 | €37,097 | -€13,716 | ▼ 137% |
| Investment in fixed assets (approximation) | - | -€232 | -€417 | €0 | €0 | - |
| Change in cash | - | €17,588 | -€53,247 | €26,574 | €10,970 | ▼ 58.7% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Weakest financial yearnet -€14,785
Net result drops to -€14,785, the lowest in the series.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
31-12
Financial
Liquidity times 7current ratio 11.80
Current ratio from 1.69 to 11.80; short-term debt falls from €96,293 to €9,036.
31-12
Financial
Equity above €100,000Eq €100,440 ▲43.3%
5 profitable years in a row build equity to €100,440.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Highest result since 2019net €39,268 ▲53.5%
Operating result €51,235, net result €39,268, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.86
Current ratio from 2.67 to 5.86; short-term debt falls from €33,851 to €21,392.
31-12
Financial
Equity above €100,000Eq €109,358 ▲89.6%
3 profitable years in a row build equity to €109,358.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Landen · 2 establishment units since 2018
Ground area
1.3 ha
Building footprint
1.1 ha
Volume, LiDAR
123,263 m³
3 parcels, Brussels, Flanders · tallest building 34.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
NMHR CONSULT
since 20182.278.764.085
NMHR CONSULT
since 20182.278.764.184
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0253/02F000 | Brussels | 1.3 ha | 1 · 1.1 ha | 34.4 m · 2 fl. |
| 24003A0820/00W000 | Flanders | 382 m² | 1 · 110 m² | 9.5 m · 2 fl. |
| 24059B0695/00L000 | Flanders | 323 m² | 1 · 144 m² | 12.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9845009DB3F03E5T5D58
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 37,881 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
Founded26-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
78100Employment placement agencies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0700421459
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.