ACTIVE

GLH

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Financial year 2024 · closed on 31/12/2024

Net result

96,4 k €

+10.4% YoY

Gross margin

154,3 k €

+42.8% YoY

Equity

763,1 k €

+14.5% YoY

What does GLH do?

GLH is a Private limited company incorporated in 1995. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0455.789.142

Incorporation

22/08/1995

Legal form

Private limited company

Registered office

Avenue Louise 489
1050 Bruxelles · BruxellesSee on map

Contributed capital

50 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	154,3 k €	+42.8%	108 k €	-2.4%	110,6 k €	-41.5%	189,2 k €	+13.3%	167 k €	-16.5%	200,1 k €	+280%	52,6 k €	+696%	6,6 k €	-88.9%	59,7 k €	+498%	10 k €	-84.5%	64,5 k €	-42.7%	112,5 k €	+4686%	-2,5 k €	+94.0%	-40,9 k €	-111%	379,4 k €	+29.3%	293,5 k €	-33.2%	439,3 k €	+8.0%	406,6 k €
EBITDA	151,2 k €	+41.4%	106,9 k €	+0.9%	106 k €	-42.5%	184,4 k €	+14.7%	160,8 k €	-19.3%	199,1 k €	+289%	51,1 k €	+818%	5,6 k €	-90.5%	58,4 k €	+589%	8,5 k €	-86.6%	63,1 k €	-43.3%	111,2 k €	+2182%	-5,3 k €	+89.4%	-50,3 k €	-113%	373,4 k €	+27.6%	292,7 k €	-32.6%	434,5 k €	+7.6%	404 k €
Operating result	149,7 k €	+41.6%	105,7 k €	+0.0%	105,7 k €	-42.2%	182,8 k €	+14.9%	159,2 k €	-19.4%	197,5 k €	+292%	50,4 k €	+820%	5,5 k €	-90.6%	58 k €	+715%	7,1 k €	-88.4%	61,4 k €	-44.0%	109,7 k €	+1602%	-7,3 k €	+90.4%	-75,7 k €	-121%	359 k €	+26.5%	283,8 k €	-33.3%	425,1 k €	+5.6%	402,5 k €
Net result	96,4 k €	+10.4%	87,3 k €	+6.4%	82 k €	-38.3%	132,9 k €	+10.5%	120,3 k €	-24.8%	160 k €	+289%	41,1 k €	+674%	5,3 k €	-87.7%	43 k €	+1480%	2,7 k €	-92.5%	36,1 k €	-64.0%	100,4 k €	+565%	-21,6 k €	+72.3%	-78 k €	-133%	239,5 k €	+34.1%	178,6 k €	-34.3%	271,9 k €	+1.6%	267,6 k €
Balance sheet
Equity	763,1 k €	+14.5%	666,7 k €	+15.1%	579,4 k €	+16.5%	497,3 k €	+36.5%	364,4 k €	+49.3%	244,1 k €	+32.6%	184,1 k €	+28.7%	143 k €	+3.9%	137,7 k €	+45.4%	94,7 k €	+3.0%	92 k €	+64.7%	55,8 k €	+225%	-44,6 k €	-93.9%	-23 k €	-142%	55 k €	-0.1%	55,1 k €	-0.7%	55,5 k €	-0.2%	55,6 k €
Total assets	1,4 M €	+4.3%	1,3 M €	+58.0%	840,7 k €	+1.3%	830,3 k €	+19.7%	693,5 k €	+37.9%	502,8 k €	+80.3%	278,8 k €	-12.2%	317,6 k €	+51.5%	209,7 k €	+29.3%	162,2 k €	+26.8%	127,9 k €	+95.0%	65,6 k €	+76.7%	37,1 k €	-80.8%	193,1 k €	-37.0%	306,3 k €	-48.6%	596,2 k €	-12.8%	684 k €	+6.3%	643,2 k €
Cash	–		–		–		–		–		–		–		10,8 k €	+783%	1,2 k €	+859%	127,1 €	-86.1%	916,6 €	-25.4%	1,2 k €	-94.9%	23,9 k €	+170%	8,8 k €	-91.6%	105,1 k €	-62.7%	281,6 k €	+197%	95 k €	+19.9%	79,2 k €
Debts	622,4 k €	-5.9%	661,2 k €	+153%	261,3 k €	-21.5%	332,9 k €	+1.2%	329,1 k €	+27.2%	258,7 k €	+173%	94,7 k €	+47.3%	64,3 k €	-10.7%	72 k €	+21.8%	59,1 k €	+64.4%	35,9 k €	+268%	9,8 k €	-88.1%	81,7 k €	-62.2%	216,1 k €	-10.8%	242,3 k €	-51.6%	501 k €	-14.9%	588,4 k €	+5.1%	559,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		0,3 ETP	0.0%	0,3 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Lionel HEPNER

Director

Active

Ended mandates

Georges Hepner

Mandate

Ended

Lionel Hepner

Mandate

Ended

Lionel HEPNER

Manager

Ended

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Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/10/2025	10/10/2024	24/10/2023	28/06/2023	29/10/2021	27/11/2023
General meeting	29/09/2025	29/08/2024	07/10/2023	13/10/2022	27/10/2021	17/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	29/09/2025	28/10/2025	French	PDF
Micro modelCorrection	31/12/2023	29/08/2024	10/10/2024	French	PDF
Micro model	31/12/2023	29/08/2024	30/08/2024	French	PDF
Micro model	31/12/2022	07/10/2023	24/10/2023	French	PDF
Micro model	31/12/2021	13/10/2022	28/06/2023	French	PDF
Micro model	31/12/2020	27/10/2021	29/10/2021	French	PDF
Micro model	31/12/2019	17/09/2020	27/11/2023	French	PDF
Micro model	31/12/2018	26/06/2019	28/08/2019	French	PDF
Abridged model	31/12/2017	05/03/2018	03/06/2018	French	PDF
Abridged model	31/12/2016	06/03/2017	28/05/2017	French	PDF
Abridged model	31/12/2015	04/03/2016	23/05/2016	French	PDF
Abridged model	31/12/2014	02/03/2015	08/06/2015	French	PDF
Abridged model	31/12/2013	03/03/2014	13/05/2014	French	PDF
Abridged model	31/12/2012	04/03/2013	30/04/2013	French	PDF
Abridged model	31/12/2011	05/03/2012	14/03/2012	French	PDF
Abridged model	31/12/2010	07/03/2011	16/03/2011	French	PDF
Abridged model	30/04/2009	06/07/2009	13/07/2009	French	PDF
Abridged model	30/04/2008	03/07/2008	08/07/2008	French	PDF
Abridged model	30/04/2007	22/07/2007	13/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

Lionel HEPNER

Director

Active

Ended mandates

Georges Hepner

Mandate

Ended

Lionel Hepner

Mandate

Ended

Lionel HEPNER

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
MODIFICATION FORME JURIDIQUE - SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Registered office23/05/2019
SIEGE SOCIAL
PDF
Registered office23/01/2014
SIEGE SOCIAL
PDF
Registered office15/05/2013
SIEGE SOCIAL - ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Mandates11/06/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates07/05/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates19/03/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates11/01/2011
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 202496,4 k €↑
2023
Annual accounts 202387,3 k €↑
2022
Annual accounts 202282 k €↓
2021
Annual accounts 2021132,9 k €↑
2020
Annual accounts 2020120,3 k €↓
2019
Annual accounts 2019160 k €↑
2018
Annual accounts 201841,1 k €↑
2017
Annual accounts 20175,3 k €↓
2016
Annual accounts 201643 k €↑
2015
Annual accounts 20152,7 k €↓
2014
Annual accounts 201436,1 k €↓
2013
Annual accounts 2013100,4 k €↑
2012
Annual accounts 2012-21,6 k €↑
2011
Annual accounts 2011-78 k €↓
2010
Annual accounts 2010239,5 k €↑
2009
Annual accounts 2009178,6 k €↓
2008
Annual accounts 2008271,9 k €↑
2007
Annual accounts 2007267,6 k €
22/08/1995
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GLH

Overview

What does GLH do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline