SFH
ActiveSummary
SFH has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €559,670 and a net result of €157,978. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 89% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+7
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 10.34 against 9.11 in 2024; short-term debt: 9.5% and cash: 52% of total assets), and 9.5% 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○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
90.5%
Return on assets
25.6%
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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €559,670
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 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
17 d late
2024
26 d early
2023
29 d late
2022
28 d late
2021
51 d early
2020
30 d late
2019
17 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 6 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. Usually files around 17 August (4 of the last 5 filed years within 43 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€559,670▲ 20.9%
2024 · €463,071
Total assets
€618,105▲ 19.2%
2024 · €518,576
Net result
€157,978▲ 55.4%
2024 · €101,685
Working capital
€546,031▲ 21.2%
2024 · €450,415
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
Operating result€154,656▲ 19.3%€43,615▼ 71.8%€84,294▲ 93.3%€146,464▲ 73.8%€227,468▲ 55.3%
Net result€106,094above the sector's middle half▲ 23.4%€29,150within the sector's middle half▼ 72.5%€58,397within the sector's middle half▲ 100%€101,685above the sector's middle half▲ 74.1%€157,978above the sector's middle half▲ 55.4%
Equity€513,626above the sector's middle half▲ 26.0%€435,257above the sector's middle half▼ 15.3%€493,654above the sector's middle half▲ 13.4%€463,071above the sector's middle half▼ 6.2%€559,670above the sector's middle half▲ 20.9%
Total assets€547,792above the sector's middle half▼ 13.6%€479,777within the sector's middle half▼ 12.4%€527,354above the sector's middle half▲ 9.9%€518,576above the sector's middle half▼ 1.7%€618,105above the sector's middle half▲ 19.2%
Debt€34,166▼ 84.9%€44,520▲ 30.3%€33,700▼ 24.3%€55,506▲ 64.7%€58,435▲ 5.3%
Working capital€505,331above the sector's middle half▲ 26.6%€425,320above the sector's middle half▼ 15.8%€486,914above the sector's middle half▲ 14.5%€450,415above the sector's middle half▼ 7.5%€546,031above the sector's middle half▲ 21.2%
Solvency93.8%above the sector's middle half▲ 29.5pp90.7%above the sector's middle half▼ 3.0pp93.6%above the sector's middle half▲ 2.9pp89.3%above the sector's middle half▼ 4.3pp90.5%above the sector's middle half▲ 1.2pp
Current ratio15.79above the sector's middle half▲ 13.0010.55above the sector's middle half▼ 5.2415.45above the sector's middle half▲ 4.909.11above the sector's middle half▼ 6.3310.34above the sector's middle half▲ 1.23
Return on assets (ROA)19.4%within the sector's middle half▲ 5.8pp6.1%within the sector's middle half▼ 13.3pp11.1%within the sector's middle half▲ 5.0pp19.6%within the sector's middle half▲ 8.5pp25.6%within the sector's middle half▲ 5.9pp
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 or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 55% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €618,105
Fixed assets
€13,639 ▲ 7.8%
Current assets
€604,466 ▲ 19.5%
Equity and liabilities €618,105
Equity
€559,670 ▲ 20.9%
Debt
€58,435 ▲ 5.3%
Debt's share of the balance-sheet total falls from 10.7% to 9.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€233,791▲
2024 · €152,426
Cash flow
€164,301▲
2024 · €107,647
Debt to equity
0.10▼
2024 · 0.12
ROE
28.2%▲
2024 · 22.0%
Interest coverage
573.26▲
2024 · 239.51
Debt ≤ 1 year
€58,435▲
2024 · €55,506
Income taxes
€69,083▲
2024 · €44,143
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 17,810 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €9 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,663 | €3,504 | €3,198 | €5,962 | €6,323 | ▲ 6.1% |
| Other operating charges640/8 | €1,460 | €1,129 | €1,014 | €1,478 | €1,056 | ▼ 28.5% |
| Non-recurring operating charges66A | - | €744 | - | - | - | - |
| Gross operating margin9900 | €158,778 | €48,992 | €88,505 | €153,904 | €234,848 | ▲ 52.6% |
| Operating profit (loss)9901 | €154,656 | €43,615 | €84,294 | €146,464 | €227,468 | ▲ 55.3% |
| Financial income75/76B | €5 | - | €1 | €0 | €0 | = |
| Recurring financial income75 | €5 | - | €1 | €0 | €0 | = |
| Financial charges65/66B | €1,402 | €1,014 | €1,040 | €636 | €408 | ▼ 35.9% |
| Recurring financial charges65 | €1,402 | €1,014 | €1,040 | €636 | €408 | ▼ 35.9% |
| Profit (loss) for the period before taxes9903 | €153,259 | €42,601 | €83,254 | €145,828 | €227,061 | ▲ 55.7% |
| Income taxes67/77 | €47,165 | €13,450 | €24,857 | €44,143 | €69,083 | ▲ 56.5% |
| Profit (loss) for the period9904 | €106,094 | €29,150 | €58,397 | €101,685 | €157,978 | ▲ 55.4% |
| Profit (loss) for the period to be appropriated9905 | €106,094 | €29,150 | €58,397 | €101,685 | €157,978 | ▲ 55.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €547,792 | €479,777 | €527,354 | €518,576 | €618,105 | ▲ 19.2% |
| Fixed assets21/28 | €8,295 | €9,937 | €6,740 | €12,655 | €13,639 | ▲ 7.8% |
| Tangible fixed assets22/27 | €8,295 | €9,937 | €6,740 | €12,655 | €13,639 | ▲ 7.8% |
| Land and buildings22 | €6,867 | €5,508 | €4,150 | €2,792 | €7,623 | ▲ 173% |
| Furniture and vehicles24 | €1,428 | €4,429 | €2,590 | €9,864 | €6,015 | ▼ 39.0% |
| Current assets29/58 | €539,497 | €469,840 | €520,614 | €505,921 | €604,466 | ▲ 19.5% |
| Amounts receivable within one year40/41 | €2,054 | €33,976 | €37,217 | €31,049 | €30,965 | ▼ 0.3% |
| Trade receivables40 | - | €33,880 | €37,121 | €30,953 | €30,869 | ▼ 0.3% |
| Other amounts receivable41 | €2,054 | €96 | €96 | €96 | €96 | = |
| Current investments50/53 | - | - | - | - | €250,000 | - |
| Cash at bank and in hand54/58 | €512,227 | €434,095 | €481,267 | €472,967 | €321,213 | ▼ 32.1% |
| Deferred charges and accrued income490/1 | €25,215 | €1,769 | €2,129 | €1,906 | €2,288 | ▲ 20.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €547,792 | €479,777 | €527,354 | €518,576 | €618,105 | ▲ 19.2% |
| Equity10/15 | €513,626 | €435,257 | €493,654 | €463,071 | €559,670 | ▲ 20.9% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €495,076 | €416,707 | €475,104 | €444,521 | €541,120 | ▲ 21.7% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Distributable reserves133 | €493,221 | €414,852 | €473,249 | €442,666 | €539,265 | ▲ 21.8% |
| Amounts payable17/49 | €34,166 | €44,520 | €33,700 | €55,506 | €58,435 | ▲ 5.3% |
| Amounts payable within one year42/48 | €34,166 | €44,520 | €33,700 | €55,506 | €58,435 | ▲ 5.3% |
| Trade debts44 | €3,936 | €8,469 | €7,008 | €4,198 | €3,333 | ▼ 20.6% |
| Suppliers440/4 | €3,936 | €8,469 | €7,008 | €4,198 | €3,333 | ▼ 20.6% |
| Taxes, remuneration and social security45 | €26,332 | €33,946 | €23,010 | €49,939 | €52,708 | ▲ 5.5% |
| Taxes450/3 | €26,332 | €30,260 | €23,010 | €49,939 | €52,708 | ▲ 5.5% |
| Remuneration and social security454/9 | - | €3,686 | - | - | - | - |
| Other amounts payable47/48 | €3,898 | €2,106 | €3,683 | €1,368 | €2,394 | ▲ 74.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,094 | €29,150 | €58,397 | €101,685 | €157,978 | ▲ 55.4% |
| + Depreciation and write-downs630 | €2,663 | €3,504 | €3,198 | €5,962 | €6,323 | ▲ 6.1% |
| Operating cash flow (approximation) | €108,757 | €32,654 | €61,594 | €107,647 | €164,301 | ▲ 52.6% |
| Investment in fixed assets (approximation) | - | -€5,147 | €0 | -€11,878 | -€7,307 | ▲ 38.5% |
| Change in cash | - | -€78,132 | €47,172 | -€8,300 | -€151,753 | ▼ 1,728% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Highest result since 2018net €157,978 ▲55.4%
Operating result €227,468, net result €157,978, both a record.
31-12
Financial
Equity above €500,000Eq €559,670 ▲20.9%
8 profitable years in a row build equity to €559,670.
05-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €29,150 ▼72.5%
Net result drops to €29,150, the lowest in the series; recovery starts the following year.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 6current ratio 15.79
Current ratio from 2.79 to 15.79; short-term debt falls from €223,447 to €34,166.
31-12
Financial
Equity above €500,000Eq €513,626 ▲26%
4 profitable years in a row build equity to €513,626.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
Show earlier events
2019
31-12
Financial
Equity above €500,000Eq €518,237 ▲13.4%
2 profitable years in a row build equity to €518,237.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
15-09
State Gazette act
General meeting · Director resignation
Director appointment · Mandate compensation
23-02
State Gazette act
General meeting · Director appointment
Permanent representative · Mandate compensation
2014
01-12
State Gazette act
General meeting · Director resignation
Director reappointment · Mandate compensation
2013
17-05
State Gazette act
General meeting · Capital increase
Capital · Accounting effect
Financial milestoneState Gazette actNBB 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, Zoutleeuw · 1 establishment unit since 2012
Ground area
1,120 m²
Building footprint
285 m²
Volume, LiDAR
1,155 m³
Parcel 24036B0126/00B002, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SFH
since 20122.217.513.535
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24036B0126/00B002 | Flanders | 1,120 m² | 1 · 285 m² | 6.0 m · 2 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
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
3 locations
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 33,742 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
Founded11-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0501958073
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.