ACTIVE

GHR ET COM

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
30,6 k €
-55.6% YoY
Gross margin
67,8 k €
-40.7% YoY
Equity
74,1 k €
-48.4% YoY

What does GHR ET COM do?

GHR ET COM is a Private limited company incorporated in 2016. Its main activity is: Other education n.e.c.. Its registered office is in Liège.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0645.622.496
Incorporation
06/01/2016
Legal form
Private limited company
Registered office
Rue des Anglais 55 box 1
4000 Liège · WallonieSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
85592Other education n.e.c.· main85592Other education n.e.c.
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 10 financial years

2025202420232022202120202019201820172016
Income statement
Gross margin67,8 k €114,4 k €39,8 k €-28,1 k €130,2 k €118,3 k €143,4 k €82,5 k €83,5 k €58,3 k €
EBITDA65,8 k €112,1 k €37,7 k €-30,5 k €121,9 k €116,1 k €142,2 k €81,3 k €82,7 k €56,7 k €
Operating result44,1 k €88,9 k €12 k €-56,2 k €99,5 k €108,8 k €128,6 k €59,7 k €72,6 k €48,6 k €
Net result30,6 k €68,8 k €10,6 k €-57,7 k €67,6 k €75,2 k €87,4 k €41,1 k €48,6 k €30 k €
Balance sheet
Equity74,1 k €143,5 k €244,7 k €234,1 k €316,8 k €236,9 k €161,7 k €74,3 k €84,7 k €36,2 k €
Total assets122,9 k €265,8 k €309,7 k €312,6 k €418 k €303,6 k €285,7 k €221,8 k €159,6 k €97 k €
Cash61,6 k €60 k €123,7 k €117,9 k €173 k €174,1 k €93,6 k €60,3 k €71,3 k €26 k €
Debts48,7 k €121,7 k €64,3 k €78,5 k €100,9 k €66,7 k €124 k €147,3 k €74,8 k €60,8 k €
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 31/12/2025 · 2 active · 2 ended

Active mandates

Olivier Duculot

Director · since 05 janvier 2016

Active
Sophie Bylyna

Director · since 05 janvier 2016

Active

Ended mandates

Olivier Duculot

Manager · since 05 janvier 2016

Ended
Sophie Bylyna

Manager · since 05 janvier 2016

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/08/202628/08/202522/05/202420/07/202313/08/202230/08/2021
General meeting25/08/202631/07/202516/05/202423/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202525/08/202627/08/2026FrenchPDF
Micro model31/12/202431/07/202528/08/2025FrenchPDF
Micro model31/12/202316/05/202422/05/2024FrenchPDF
Micro model31/12/202223/06/202320/07/2023FrenchPDF
Micro model31/12/202130/06/202213/08/2022FrenchPDF
Micro model31/12/202030/06/202130/08/2021FrenchPDF
Micro model31/12/201921/08/202012/09/2020FrenchPDF
Micro model31/12/201828/06/201931/08/2019FrenchPDF
Micro model31/12/201714/06/201831/07/2018FrenchPDF
Micro model31/12/201629/06/201712/07/2017FrenchPDF
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 31/12/2025 · 2 active · 2 ended

Active mandates

Olivier Duculot

Director · since 05 janvier 2016

Active
Sophie Bylyna

Director · since 05 janvier 2016

Active

Ended mandates

Olivier Duculot

Manager · since 05 janvier 2016

Ended
Sophie Bylyna

Manager · since 05 janvier 2016

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates10/07/2024
    DEMISSIONS, NOMINATIONS, STATUTS (TRADUCTION,
    PDF
  • Other08/01/2016
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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

Timeline

  1. 2025
    Annual accounts 202530,6 k €↓
  2. 2024
    Annual accounts 202468,8 k €↑
  3. 2023
    Annual accounts 202310,6 k €↑
  4. 2022
    Annual accounts 2022-57,7 k €↓
  5. 2021
    Annual accounts 202167,6 k €↓
  6. 2020
    Annual accounts 202075,2 k €↓
  7. 2019
    Annual accounts 201987,4 k €↑
  8. 2018
    Annual accounts 201841,1 k €↓
  9. 2017
    Annual accounts 201748,6 k €↑
  10. 2016
    Annual accounts 201630 k €
  11. 06/01/2016
    IncorporationPrivate limited company