ACTIVE

B.H. GROUP

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Financial year 2025 · closed on 31/12/2025

Net result

1,3 M €

+11.2% YoY

Gross margin

536,4 k €

-2.1% YoY

Equity

2,7 M €

+90.3% YoY

What does B.H. GROUP do?

B.H. GROUP is a Public limited company incorporated in 2006. Its main activity is: Management consultancy activities. Its registered office is in Braives.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0883.343.465

Incorporation

06/09/2006

Legal form

Public limited company

Registered office

Rue Albert Ier 3
4263 Braives · WallonieSee on map

Contributed capital

74 200,00 €

Latest accounts

31/12/2025

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 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	536,4 k €	-2.1%	547,8 k €	+10.4%	496,3 k €	+40.6%	353,1 k €	-11.4%	398,4 k €	-6.6%	426,6 k €	+53.8%	277,4 k €	-38.5%	451,1 k €	+67.8%	268,9 k €	+122%	121 k €	-5.9%	128,6 k €	+27.9%	100,5 k €	+113%	47,1 k €	-37.3%	75,2 k €	+1.4%	74,1 k €	+0.4%	73,9 k €	+3.2%	71,6 k €	+2.6%	69,8 k €	+1.1%	69 k €	+37.8%	50,1 k €
EBITDA	534,7 k €	-1.8%	544,4 k €	+10.4%	493,2 k €	+42.1%	347,1 k €	-12.1%	394,7 k €	-10.2%	439,6 k €	+68.8%	260,5 k €	-42.1%	449,9 k €	+68.4%	267,2 k €	+125%	118,8 k €	-4.4%	124,2 k €	+24.5%	99,7 k €	+121%	45,2 k €	-39.4%	74,6 k €	-3.5%	77,3 k €	+10.4%	70 k €	-1.7%	71,2 k €	+2.6%	69,4 k €	+1.1%	68,7 k €	+38.1%	49,8 k €
Operating result	534 k €	-1.9%	544,4 k €	+12.8%	482,5 k €	+42.5%	338,5 k €	-13.5%	391,4 k €	-10.8%	439 k €	+70.7%	257,2 k €	-42.6%	448,2 k €	+73.4%	258,5 k €	+137%	109,2 k €	+0.9%	108,3 k €	+9.6%	98,8 k €	+121%	44,7 k €	-39.7%	74,1 k €	-3.7%	76,9 k €	+10.3%	69,7 k €	-1.7%	70,9 k €	+2.7%	69,1 k €	+1.1%	68,3 k €	+37.3%	49,8 k €
Net result	1,3 M €	+11.2%	1,1 M €	+9.0%	1 M €	+137%	438,6 k €	-6.4%	468,5 k €	+41.1%	332,1 k €	+101%	165,4 k €	-45.8%	305,3 k €	+87.0%	163,2 k €	+125%	72,6 k €	+7.4%	67,6 k €	+4.7%	64,6 k €	+124%	28,9 k €	-38.5%	46,9 k €	-6.1%	50 k €	+8.3%	46,2 k €	+2.3%	45,1 k €	+0.8%	44,8 k €	-1.4%	45,4 k €	+46.7%	31 k €
Balance sheet
Equity	2,7 M €	+90.3%	1,4 M €	+19.3%	1,2 M €	-7.6%	1,3 M €	0.0%	1,3 M €	+39.2%	909,2 k €	+29.8%	700,2 k €	+29.7%	539,8 k €	+12.3%	480,7 k €	+51.4%	317,5 k €	+22.2%	259,8 k €	+35.2%	192,2 k €	+50.6%	127,7 k €	+8.8%	117,3 k €	+66.7%	70,4 k €	+5.7%	66,6 k €	-0.9%	67,2 k €	+30.5%	51,5 k €	+42.5%	36,1 k €	+79.7%	20,1 k €
Total assets	2,8 M €	+70.8%	1,6 M €	+1.4%	1,6 M €	-11.0%	1,8 M €	+14.1%	1,6 M €	+39.5%	1,1 M €	+37.4%	819,7 k €	+6.6%	769,1 k €	+15.6%	665,4 k €	+77.4%	375,1 k €	+26.0%	297,8 k €	+25.4%	237,5 k €	+74.0%	136,5 k €	+4.8%	130,2 k €	+60.8%	81 k €	-56.0%	184,2 k €	+21.8%	151,2 k €	+61.8%	93,4 k €	+2.7%	91 k €	+14.9%	79,2 k €
Cash	2,4 M €	+73.3%	1,4 M €	+110%	661 k €	+182%	234,5 k €	-28.2%	326,4 k €	-60.9%	835,8 k €	+72.1%	485,8 k €	+22.7%	395,8 k €	-15.1%	466,4 k €	+162%	177,8 k €	+59.6%	111,4 k €	+31.9%	84,5 k €	-10.1%	94 k €	+23.5%	76,2 k €	+113%	35,7 k €	-70.1%	119,5 k €	-3.4%	123,7 k €	+815%	13,5 k €	-22.3%	17,4 k €	-63.9%	48,2 k €
Debts	108 k €	-51.3%	221,6 k €	-47.8%	424,2 k €	-19.2%	524,8 k €	+73.1%	303,1 k €	+41.5%	214,2 k €	+109%	102,2 k €	-54.9%	226,8 k €	+24.7%	181,8 k €	+230%	55,1 k €	+55.6%	35,4 k €	-21.7%	45,2 k €	+413%	8,8 k €	-31.2%	12,8 k €	+21.3%	10,6 k €	-90.7%	114,1 k €	+35.8%	84 k €	+100%	42 k €	-23.6%	54,9 k €	-7.1%	59,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

Bernard HEIDERSCHEIDT

Director · since 30 mars 2020

Active

Ended mandates

Bernard HEIDERSCHEIDT

Manager · since 30 mars 2022

Ended

Bernard HEIDERSCHEIDT

Manager · since 25 juillet 2006

Ended

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	01/01/2025	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	31/08/2026	29/08/2025	01/08/2024	31/07/2023	31/08/2022	30/07/2021
General meeting	29/06/2026	30/06/2025	24/06/2024	26/06/2023	27/06/2022	28/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	29/06/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	30/06/2025	29/08/2025	French	PDF
Abridged model	31/12/2023	24/06/2024	01/08/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	31/07/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	30/07/2021	French	PDF
Abridged model	31/12/2019	27/04/2020	14/07/2020	French	PDF
Micro model	31/12/2018	30/06/2019	31/07/2019	French	PDF
Micro model	31/12/2017	30/04/2018	13/07/2018	French	PDF
Micro model	31/12/2016	24/04/2017	05/09/2017	French	PDF
Abridged model	31/12/2015	25/04/2016	16/08/2016	French	PDF
Abridged model	31/12/2014	27/04/2015	17/07/2015	French	PDF
Abridged model	31/12/2013	28/04/2014	26/08/2014	French	PDF
Abridged model	31/12/2012	27/03/2013	07/08/2013	French	PDF
Abridged model	31/12/2011	30/04/2012	06/07/2012	French	PDF
Abridged model	31/12/2010	26/04/2011	08/08/2011	French	PDF
Abridged model	31/12/2009	26/04/2010	18/08/2010	French	PDF
Abridged model	31/12/2008	27/04/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	28/04/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	30/04/2007	19/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 ended

Active mandates

Bernard HEIDERSCHEIDT

Director · since 30 mars 2020

Active

Ended mandates

Bernard HEIDERSCHEIDT

Manager · since 30 mars 2022

Ended

Bernard HEIDERSCHEIDT

Manager · since 25 juillet 2006

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office29/11/2024
SIEGE SOCIAL
PDF
Mandates17/04/2020
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Capital / shares09/01/2014
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other14/09/2006
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

2025
Annual accounts 20251,3 M €↑
2024
Annual accounts 20241,1 M €↑
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022438,6 k €↓
2021
Annual accounts 2021468,5 k €↑
2020
Annual accounts 2020332,1 k €↑
2019
Annual accounts 2019165,4 k €↓
2018
Annual accounts 2018305,3 k €↑
2017
Annual accounts 2017163,2 k €↑
2016
Annual accounts 201672,6 k €↑
2015
Annual accounts 201567,6 k €↑
2014
Annual accounts 201464,6 k €↑
2013
Annual accounts 201328,9 k €↓
2012
Annual accounts 201246,9 k €↓
2011
Annual accounts 201150 k €↑
2010
Annual accounts 201046,2 k €↑
2009
Annual accounts 200945,1 k €↑
2008
Annual accounts 200844,8 k €↓
2007
Annual accounts 200745,4 k €↑
2006
Annual accounts 200631 k €
06/09/2006
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

B.H. GROUP

Overview

What does B.H. GROUP 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