ACTIVE

GHM

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Financial year 2025 · closed on 31/12/2025
Net result
240,8 k €
-17.5% YoY
Gross margin
317,1 k €
-17.8% YoY
Equity
22 k €
-0.1% YoY

What does GHM do?

GHM is a Private limited company incorporated in 2017. Its main activity is: Management consultancy activities. Its registered office is in Watermael-Boitsfort.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0677.774.335
Incorporation
30/06/2017
Legal form
Private limited company
Registered office
Boulevard du Souverain 90
1170 Watermael-Boitsfort · BruxellesSee on map
Contributed capital
20 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin317,1 k €386 k €472 k €477,1 k €356 k €323,3 k €301,3 k €132,7 k €8,7 k €
EBITDA316,7 k €385,6 k €471,4 k €476,8 k €355,6 k €322,9 k €300,8 k €132,4 k €8,3 k €
Operating result316,7 k €385,6 k €471,4 k €476,8 k €355,6 k €322,9 k €300,1 k €131,7 k €7,3 k €
Net result240,8 k €291,8 k €353,6 k €357,7 k €277,3 k €247,4 k €215,1 k €101,8 k €4,9 k €
Balance sheet
Equity22 k €22 k €25,6 k €22 k €22,2 k €22,2 k €341,8 k €126,6 k €24,9 k €
Total assets314,2 k €365,9 k €412,9 k €426,1 k €321,6 k €692,8 k €465,7 k €177,2 k €29,2 k €
Cash241,8 k €321,8 k €355 k €389,9 k €312,1 k €655,8 k €397,5 k €102 k €21,1 k €
Debts292,2 k €343,9 k €387,2 k €404,1 k €299,1 k €670,6 k €123,4 k €50,6 k €4,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Gilles Nolet de Brauwere

Director · since 30 juin 2017

Active

Ended mandates

Gilles Nolet de Brauwere

Manager

Ended
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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 date14/07/202628/05/202516/05/202406/06/202324/05/202230/07/2021
General meeting18/03/202622/04/202523/04/202425/04/202326/04/202227/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202518/03/202614/07/2026FrenchPDF
Micro model31/12/202422/04/202528/05/2025FrenchPDF
Micro model31/12/202323/04/202416/05/2024FrenchPDF
Micro model31/12/202225/04/202306/06/2023FrenchPDF
Micro model31/12/202126/04/202224/05/2022FrenchPDF
Micro model31/12/202027/04/202130/07/2021FrenchPDF
Abridged model31/12/201923/04/202020/10/2020FrenchPDF
Abridged model31/12/201823/04/201930/07/2019FrenchPDF
Abridged model31/12/201724/04/201804/07/2018FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 1 active · 1 ended

Active mandates

Gilles Nolet de Brauwere

Director · since 30 juin 2017

Active

Ended mandates

Gilles Nolet de Brauwere

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office08/07/2026
    SIEGE SOCIAL
    PDF
  • Registered office23/02/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - SIEGE SOCIAL - OBJET
    PDF
  • Registered office11/07/2023
    SIEGE SOCIAL
    PDF
  • Registered office16/04/2021
    SIEGE SOCIAL
    PDF
  • Other04/07/2017
    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 2025240,8 k €↓
  2. 2024
    Annual accounts 2024291,8 k €↓
  3. 2023
    Annual accounts 2023353,6 k €↓
  4. 2022
    Annual accounts 2022357,7 k €↑
  5. 2021
    Annual accounts 2021277,3 k €↑
  6. 2020
    Annual accounts 2020247,4 k €↑
  7. 2019
    Annual accounts 2019215,1 k €↑
  8. 2018
    Annual accounts 2018101,8 k €↑
  9. 2017
    Annual accounts 20174,9 k €
  10. 30/06/2017
    IncorporationPrivate limited company