ACTIVE

BHG AG

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Financial year 2025 · closed on 31/03/2025

Net result

127,3 k €

-54.5% YoY

Gross margin

319,1 k €

-25.2% YoY

Equity

1,5 M €

-4.6% YoY

Workforce

0,5 ETP

0.0% YoY

What does BHG AG do?

BHG AG is a Public limited company incorporated in 2006. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Büllingen. It employs on average 0,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0878.951.840

Incorporation

25/01/2006

Legal form

Public limited company

Registered office

Lanzerath 108
4760 Büllingen · WallonieSee on map

Contributed capital

400 000,00 €

Latest accounts

31/03/2025

Average workforce

0,5 ETP

Activities (NACE)

46710Wholesale of solid, liquid and gaseous fuels and related products· main 46810Wholesale trade, except of motor vehicles and motorcycles 47789Other retail sale of new goods in specialised stores 47789Other retail sale of new goods in specialised stores 52498Warehousing and support activities for transportation 46710Wholesale of solid, liquid and gaseous fuels and related products+8

Joint committees (2)

Signals

ProfitableLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	319,1 k €	-25.2%	426,4 k €	+12.5%	378,9 k €	-9.2%	417,3 k €	+56.1%	267,3 k €	+62.3%	164,7 k €	+31.1%	125,6 k €	+15.7%	108,6 k €	-31.1%	157,7 k €	+8.7%	145,1 k €	+4.0%	139,6 k €	-49.1%	274,3 k €	-10.0%	304,7 k €	+40.1%	217,5 k €	+42.5%	152,6 k €	+13.5%	134,5 k €	-0.1%	134,7 k €	-16.3%	160,8 k €	+21.2%	132,6 k €
EBITDA	285,4 k €	-27.4%	393 k €	+18.0%	333,1 k €	-13.5%	385 k €	+61.7%	238,1 k €	+72.3%	138,2 k €	+37.8%	100,3 k €	+17.2%	85,6 k €	-35.8%	133,4 k €	+25.8%	106,1 k €	+17.6%	90,2 k €	-55.0%	200,6 k €	-18.8%	247,1 k €	+51.7%	162,8 k €	+73.1%	94,1 k €	-13.3%	108,4 k €	-19.5%	134,7 k €	-16.1%	160,5 k €	+21.3%	132,3 k €
Operating result	213,2 k €	-44.5%	384,3 k €	+17.4%	327,4 k €	-14.7%	383,7 k €	+63.2%	235,1 k €	+71.8%	136,8 k €	+42.0%	96,4 k €	+18.9%	81 k €	-34.8%	124,2 k €	+27.9%	97,1 k €	+18.5%	81,9 k €	-57.3%	192,1 k €	-19.9%	239,9 k €	+49.7%	160,3 k €	+71.1%	93,7 k €	-13.3%	108,1 k €	-19.3%	133,9 k €	-16.2%	159,9 k €	+21.4%	131,7 k €
Net result	127,3 k €	-54.5%	279,8 k €	+14.9%	243,5 k €	-18.2%	297,5 k €	+63.5%	182 k €	+104%	89,3 k €	+44.8%	61,7 k €	+28.2%	48,1 k €	-34.3%	73,3 k €	+27.1%	57,6 k €	+21.2%	47,6 k €	-61.0%	122,1 k €	-21.5%	155,4 k €	+50.1%	103,6 k €	+92.3%	53,9 k €	-15.3%	63,6 k €	-17.9%	77,5 k €	-16.4%	92,7 k €	+29.5%	71,5 k €
Balance sheet
Equity	1,5 M €	-4.6%	1,6 M €	+5.3%	1,5 M €	+3.0%	1,5 M €	+7.1%	1,4 M €	+4.7%	1,3 M €	-0.8%	1,3 M €	-2.8%	1,4 M €	+3.7%	1,3 M €	+5.9%	1,2 M €	+4.1%	1,2 M €	+4.2%	1,1 M €	+12.0%	1 M €	+18.0%	862,7 k €	+13.6%	759,1 k €	+7.6%	705,3 k €	+9.9%	641,7 k €	+13.7%	564,2 k €	+19.6%	471,5 k €
Total assets	6,2 M €	+40.0%	4,4 M €	-8.3%	4,8 M €	+18.2%	4,1 M €	+32.0%	3,1 M €	+19.7%	2,6 M €	-5.7%	2,7 M €	+36.0%	2 M €	-2.0%	2,1 M €	-2.5%	2,1 M €	-28.1%	2,9 M €	+13.4%	2,6 M €	+37.8%	1,9 M €	+22.3%	1,5 M €	+38.1%	1,1 M €	+16.7%	953,3 k €	-15.4%	1,1 M €	+3.7%	1,1 M €	+13.0%	961,7 k €
Cash	357,9 k €	+14.1%	313,7 k €	-41.8%	538,6 k €		–		140 k €	+4987%	2,8 k €	-96.5%	79,6 k €	+47.2%	54,1 k €	-29.2%	76,3 k €	+2707%	2,7 k €	-95.0%	54,1 k €		–		98,8 k €	-19.0%	122 k €	+237%	36,2 k €	-41.4%	61,8 k €	+1917%	3,1 k €	-89.9%	30,3 k €	+219%	9,5 k €
Debts	4,6 M €	+63.7%	2,8 M €	-14.5%	3,3 M €	+26.8%	2,6 M €	+52.6%	1,7 M €	+33.7%	1,3 M €	-10.6%	1,4 M €	+116%	659,8 k €	-11.8%	748,1 k €	-14.4%	874 k €	-50.0%	1,7 M €	+20.7%	1,4 M €	+68.3%	859,9 k €	+27.8%	672,7 k €	+90.6%	353 k €	+42.3%	248 k €	-48.9%	485,6 k €	-7.1%	522,9 k €	+6.7%	490,2 k €
Other
Workforce	0,5 ETP	0.0%	0,5 ETP	-50.0%	1,0 ETP	+100%	0,5 ETP		–		0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	-66.7%	1,5 ETP	-11.8%	1,7 ETP	-15.0%	2,0 ETP	0.0%	2,0 ETP	+5.3%	1,9 ETP	+171%	0,7 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 4 active · 18 ended

Active mandates

MERCATOR

Director · 0460.675.962

Represented by Thomas HAAS

Active

PARTUM AG

Director

Represented by Thomas HAAS

Active

Thomas HAAS

Chairman of the board of directors

Active

Werner BERG

Director

Active

Ended mandates

DHG PGmbH

Director · since 22 septembre 2017 · until 22 septembre 2023

Represented by Werner BERG

Ended

MERCATOR

Director · since 22 septembre 2017 · until 22 septembre 2023 · 0460.675.962

Represented by Thomas HAAS

Ended

Thomas HAAS

Chairman of the board of directors · since 22 septembre 2017 · until 22 septembre 2023

Ended

Werner BERG

Director · since 22 septembre 2017 · until 22 septembre 2023

Ended

At this address

Other companies at this address

Company	CBE no.
MERCATOR● Active	0460.675.962
Partum AG● Active	0692.856.053

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/09/2025	06/09/2024	27/09/2023	27/09/2022	20/10/2021	02/10/2020
General meeting	16/09/2025	27/08/2024	26/09/2023	23/09/2022	24/09/2021	26/09/2020
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
Abridged model	31/03/2025	16/09/2025	19/09/2025	German	PDF
Abridged model	31/03/2024	27/08/2024	06/09/2024	German	PDF
Abridged model	31/03/2023	26/09/2023	27/09/2023	German	PDF
Abridged model	31/03/2022	23/09/2022	27/09/2022	German	PDF
Abridged model	31/03/2021	24/09/2021	20/10/2021	German	PDF
Abridged model	31/03/2020	26/09/2020	02/10/2020	German	PDF
Abridged model	31/03/2019	27/09/2019	31/10/2019	German	PDF
Abridged model	31/03/2018	28/09/2018	30/10/2018	German	PDF
Abridged model	31/03/2017	22/09/2017	25/10/2017	German	PDF
Abridged model	31/03/2016	23/09/2016	31/10/2016	German	PDF
Abridged model	31/03/2015	26/06/2015	26/08/2015	German	PDF
Abridged model	31/03/2014	26/09/2014	28/11/2014	German	PDF
Abridged model	31/03/2013	28/06/2013	29/11/2013	German	PDF
Abridged model	31/03/2012	28/09/2012	01/10/2012	German	PDF
Abridged model	31/03/2011	26/09/2011	26/09/2011	German	PDF
Abridged model	31/03/2010	27/09/2010	30/09/2010	German	PDF
Abridged model	31/03/2009	25/09/2009	28/09/2009	German	PDF
Abridged model	31/03/2008	26/09/2008	29/09/2008	German	PDF
Abridged model	31/03/2007	28/09/2007	01/10/2007	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/03/2025 · 4 active · 18 ended

Active mandates

MERCATOR

Director · 0460.675.962

Represented by Thomas HAAS

Active

PARTUM AG

Director

Represented by Thomas HAAS

Active

Thomas HAAS

Chairman of the board of directors

Active

Werner BERG

Director

Active

Ended mandates

DHG PGmbH

Director · since 22 septembre 2017 · until 22 septembre 2023

Represented by Werner BERG

Ended

MERCATOR

Director · since 22 septembre 2017 · until 22 septembre 2023 · 0460.675.962

Represented by Thomas HAAS

Ended

Thomas HAAS

Chairman of the board of directors · since 22 septembre 2017 · until 22 septembre 2023

Ended

Werner BERG

Director · since 22 septembre 2017 · until 22 septembre 2023

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/12/2023
ENTLASSUNG - ERNENNUNG
PDF
Mandates30/11/2023
SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, ) - ENTLASSUNG - ERNENNUNG
PDF
Mandates20/11/2019
ENTLASSUNG - ERNENNUNG
PDF
Mandates26/01/2018
ENTLASSUNG - ERNENNUNG
PDF
Registered office04/03/2014
GESELLSCHAFTSSITZ
PDF
Mandates19/06/2013
ENTLASSUNG - ERNENNUNG - SATZUNGEN (UEBERSETZUNG, KOORDINATION, ANDERE AENDERUNGEN, )
PDF
Mandates28/10/2011
ENTLASSUNG - ERNENNUNG
PDF
Other08/02/2006
RUBRIK GRUENDUNG (NEUE RECHTSPERSON, EROEFFNUNG FILIALE, USW)
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 2025127,3 k €↓
2024
Annual accounts 2024279,8 k €↑
2023
Annual accounts 2023243,5 k €↓
2022
Annual accounts 2022297,5 k €↑
2021
Annual accounts 2021182 k €↑
2020
Annual accounts 202089,3 k €↑
2019
Annual accounts 201961,7 k €↑
2018
Annual accounts 201848,1 k €↓
2017
Annual accounts 201773,3 k €↑
2016
Annual accounts 201657,6 k €↑
2015
Annual accounts 201547,6 k €↓
2014
Annual accounts 2014122,1 k €↓
2013
Annual accounts 2013155,4 k €↑
2012
Annual accounts 2012103,6 k €↑
2011
Annual accounts 201153,9 k €↓
2010
Annual accounts 201063,6 k €↓
2009
Annual accounts 200977,5 k €↓
2008
Annual accounts 200892,7 k €↑
2007
Annual accounts 200771,5 k €
25/01/2006
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

BHG AG

Overview

What does BHG AG do?

Trend over 19 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