ACTIVE

BHB WINDOWS

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Financial year 2025 · closed on 31/12/2025

Net result

-25,2 k €

-1142.4% YoY

Gross margin

723,3 k €

-12.8% YoY

Equity

193,6 k €

-11.5% YoY

What does BHB WINDOWS do?

BHB WINDOWS is a Public limited company incorporated in 2006. Its main activity is: Joinery installation. Its registered office is in Tubize.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.917.394

Incorporation

26/01/2006

Legal form

Public limited company

Registered office

Avenue Zénobe Gramme 20
1480 Tubize · WallonieSee on map

Contributed capital

63 128,36 €

Latest accounts

31/12/2025

Activities (NACE)

43320Joinery installation· main 43320Joinery installation 45422Sale, maintenance and repair of motorcycles and related parts and accessories 46739Wholesale of wood, construction materials and sanitary equipment 46839Wholesale trade, except of motor vehicles and motorcycles 51532Air transport

Joint committees (2)

Signals

Positive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	723,3 k €	-12.8%	829,9 k €	+11.8%	742,4 k €	+12.4%	660,7 k €	-27.1%	905,8 k €	+16.3%	778,7 k €	+5.2%	740 k €	-13.0%	850,5 k €	+37.6%	618,2 k €	-21.7%	789,1 k €	-3.0%	813,6 k €	-17.3%	984,3 k €	-1.6%	1 M €	-22.2%	1,3 M €	+15.3%	1,1 M €	+5.7%	1,1 M €	+0.4%	1,1 M €	+43.9%	730,8 k €	-2.2%	747 k €	+84.0%	406,1 k €
EBITDA	133,7 k €	-32.4%	197,7 k €	-9.4%	218,2 k €	+82.4%	119,6 k €	-58.1%	285,2 k €	+46.6%	194,6 k €	+15.0%	169,1 k €	-37.9%	272,2 k €	+1020%	-29,6 k €	-107%	400,1 k €	+35.1%	296,2 k €	-29.0%	417,2 k €	+12.0%	372,4 k €	-33.0%	555,6 k €	+28.3%	433,2 k €	-1.4%	439,3 k €	-9.0%	482,9 k €	+123%	216,5 k €	-21.9%	277,2 k €	+87.5%	147,9 k €
Operating result	10,8 k €	-70.5%	36,5 k €	-45.4%	66,8 k €	+95.3%	34,2 k €	-79.9%	170,1 k €	+106%	82,5 k €	-9.0%	90,6 k €	-22.7%	117,2 k €	+195%	-123,6 k €	-133%	376,4 k €	+51.1%	249,1 k €	-27.7%	344,4 k €	+20.7%	285,2 k €	-41.2%	484,8 k €	+31.1%	369,8 k €	-2.7%	380 k €	-9.4%	419,4 k €	+126%	185,4 k €	-10.7%	207,6 k €	+98.7%	104,5 k €
Net result	-25,2 k €	-1142%	2,4 k €	-60.8%	6,2 k €	+677%	793,3 €	-99.0%	80,4 k €	+193%	27,5 k €	-31.3%	40 k €	-45.6%	73,5 k €	+149%	-149,4 k €	-188%	170,7 k €	+31.8%	129,5 k €	-27.0%	177,4 k €	+28.5%	138 k €	-48.5%	267,9 k €	+39.8%	191,6 k €	+5.6%	181,3 k €	-16.2%	216,4 k €	+225%	66,6 k €	-20.4%	83,7 k €	+78.6%	46,9 k €
Balance sheet
Equity	193,6 k €	-11.5%	218,8 k €	+1.1%	216,4 k €	+2.9%	210,2 k €	+0.4%	209,4 k €	+62.4%	129 k €	+27.1%	101,5 k €	+65.0%	61,5 k €	+611%	-12 k €	-109%	137,4 k €	0.0%	137,4 k €	0.0%	137,4 k €	0.0%	137,4 k €	0.0%	137,4 k €	+97.8%	69,4 k €	0.0%	69,4 k €	0.0%	69,4 k €	0.0%	69,4 k €	0.0%	69,4 k €	+6.1%	65,5 k €
Total assets	2 M €	-1.1%	2 M €	-18.4%	2,5 M €	+10.1%	2,3 M €	+23.0%	1,8 M €	+6.1%	1,7 M €	+2.2%	1,7 M €	-4.8%	1,8 M €	+103%	876,8 k €	-17.1%	1,1 M €	-4.7%	1,1 M €	+18.6%	936,3 k €	+3.3%	906,5 k €	-10.9%	1 M €	-10.3%	1,1 M €	+21.9%	930,3 k €	+15.5%	805,6 k €	-18.8%	991,8 k €	+7.4%	923,6 k €	-0.3%	926,8 k €
Cash	223,9 k €	+31.2%	170,7 k €	+148%	68,7 k €	+191%	23,6 k €	-65.8%	69,1 k €	+61.3%	42,8 k €	-78.5%	199,5 k €	+168%	74,3 k €	-57.4%	174,5 k €	+275%	46,5 k €	-70.6%	158,2 k €	+52.8%	103,6 k €	+157%	40,3 k €	-62.5%	107,3 k €	-2.6%	110,2 k €	-9.5%	121,7 k €	+299%	30,5 k €	-45.0%	55,4 k €	+128%	24,3 k €	+13.0%	21,5 k €
Debts	1,8 M €	+0.1%	1,8 M €	-20.3%	2,3 M €	+10.8%	2 M €	+25.9%	1,6 M €	+1.6%	1,6 M €	+0.6%	1,6 M €	-7.3%	1,7 M €	+93.6%	886,2 k €	-3.5%	918,1 k €	-2.4%	940,9 k €	+18.1%	796,4 k €	+3.9%	766,6 k €	-12.9%	879,9 k €	-17.3%	1,1 M €	+23.8%	860,2 k €	+16.8%	736,2 k €	-20.2%	922,3 k €	+8.0%	854,2 k €	-0.8%	861,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	0.0%	7,0 ETP	+40.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	0.0%	5,0 ETP	+108%	2,4 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 · 2 active · 9 ended

Active mandates

SULEJMAN ZAHIROVIC

Mandate

Active

ZAHIROVIC

Mandate

Active

Ended mandates

ADMIR SALALJIC

Director

Ended

ADMIR SARALJIC

Director

Ended

Goran MIHAJLOV

Director

Ended

GORAN MIHAJLOV

Managing director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/07/2026	24/06/2025	12/07/2024	21/06/2023	05/07/2022	18/08/2021
General meeting	29/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
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

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	29/06/2026	02/07/2026	French	PDF
Abridged model	31/12/2024	07/06/2025	24/06/2025	French	PDF
Micro model	31/12/2023	01/06/2024	12/07/2024	French	PDF
Micro model	31/12/2022	03/06/2023	21/06/2023	French	PDF
Micro model	31/12/2021	04/06/2022	05/07/2022	French	PDF
Micro model	31/12/2020	05/06/2021	18/08/2021	French	PDF
Micro model	31/12/2019	01/06/2020	25/08/2020	French	PDF
Abridged model	31/12/2018	01/06/2019	27/08/2019	French	PDF
Abridged model	31/10/2017	09/04/2018	12/04/2018	French	PDF
Abridged model	31/10/2016	03/04/2017	22/06/2017	French	PDF
Abridged model	31/10/2015	04/04/2016	21/04/2016	French	PDF
Abridged model	31/10/2014	13/04/2015	28/05/2015	French	PDF
Abridged model	31/10/2013	26/04/2014	15/05/2014	French	PDF
Abridged model	31/10/2012	12/04/2013	21/05/2013	French	PDF
Abridged model	31/10/2011	09/04/2012	14/06/2012	French	PDF
Abridged model	31/10/2010	05/03/2011	09/03/2011	French	PDF
Abridged model	31/10/2009	06/04/2010	27/05/2010	French	PDF
Abridged modelCorrection	31/10/2008	04/04/2009	04/09/2009	French	PDF
Abridged model	31/10/2008	04/04/2009	26/08/2009	French	PDF
Abridged model	31/10/2007	08/04/2008	30/05/2008	French	PDF
Abridged model	31/10/2006	09/04/2007	28/06/2007	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 · 2 active · 9 ended

Active mandates

SULEJMAN ZAHIROVIC

Mandate

Active

ZAHIROVIC

Mandate

Active

Ended mandates

ADMIR SALALJIC

Director

Ended

ADMIR SARALJIC

Director

Ended

Goran MIHAJLOV

Director

Ended

GORAN MIHAJLOV

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates14/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates30/12/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates26/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/04/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office14/12/2018
SIEGE SOCIAL
PDF
Capital / shares31/08/2018
CAPITAL, ACTIONS
PDF
Mandates09/02/2018
DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE
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

2025
Annual accounts 2025-25,2 k €↓
2024
Annual accounts 20242,4 k €↓
2023
Annual accounts 20236,2 k €↑
2022
Annual accounts 2022793,3 €↓
2021
Annual accounts 202180,4 k €↑
2020
Annual accounts 202027,5 k €↓
2019
Annual accounts 201940 k €↓
2018
Annual accounts 201873,5 k €↑
2017
Annual accounts 2017-149,4 k €↓
2016
Annual accounts 2016170,7 k €↑
2015
Annual accounts 2015129,5 k €↓
2014
Annual accounts 2014177,4 k €↑
2013
Annual accounts 2013138 k €↓
2012
Annual accounts 2012267,9 k €↑
2011
Annual accounts 2011191,6 k €↑
2010
Annual accounts 2010181,3 k €↓
2009
Annual accounts 2009216,4 k €↑
2008
Annual accounts 200866,6 k €↓
2007
Annual accounts 200783,7 k €↑
2006
Annual accounts 200646,9 k €
26/01/2006
IncorporationPublic 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

BHB WINDOWS

Overview

What does BHB WINDOWS do?

Trend over 20 financial years

Indicative valuation

Board of directors

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