ACTIVE

RHG

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Financial year 2025 · closed on 30/09/2025

Net result

253,1 k €

+1088.3% YoY

Gross margin

348,8 k €

+578.9% YoY

Equity

1,2 M €

+240.5% YoY

Workforce

0,0 ETP

What does RHG do?

RHG is a Private limited company incorporated in 2007. Its main activity is: Management consultancy activities. Its registered office is in Leuven.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.496.235

Incorporation

16/05/2007

Legal form

Private limited company

Registered office

Pensstraat 9
3000 Leuven · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 64200Activities of holding companies 64210Activities of holding companies 74151Specialised design activities+3

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	348,8 k €	+579%	51,4 k €	-1.3%	52,1 k €	+9.8%	47,4 k €	+0.0%	47,4 k €	-5.6%	50,2 k €	+29.5%	38,8 k €	-20.1%	48,6 k €	+456%	-13,7 k €	-8707%	-155 €	+72.7%	-567 €	+56.0%	-1,3 k €	-108%	16,4 k €	-72.7%	59,9 k €	-4.0%	62,5 k €	+149%	25,1 k €	-41.1%	42,6 k €	+101%	21,1 k €
EBITDA	332,2 k €	+564%	50 k €	-3.2%	51,7 k €	+9.8%	47,1 k €	+0.0%	47,1 k €	-5.3%	49,7 k €	+43.2%	34,7 k €	-25.2%	46,4 k €	+372%	-17,1 k €	-3292%	-503 €	+45.0%	-915 €	+44.1%	-1,6 k €	-111%	15,1 k €	-73.8%	57,6 k €	-3.0%	59,4 k €	+229%	18,1 k €	-52.8%	38,2 k €	+87.0%	20,5 k €
Operating result	331,8 k €	+907%	32,9 k €	-4.8%	34,6 k €	+15.3%	30 k €	+0.0%	30 k €	-8.1%	32,6 k €	+85.0%	17,6 k €	-39.9%	29,3 k €	+240%	-21 k €	-4072%	-503 €	+47.8%	-964 €	+52.3%	-2 k €	-198%	2,1 k €	-95.3%	43,6 k €	+97.3%	22,1 k €	+215%	-19,2 k €	-2011%	1 k €	-94.8%	19,5 k €
Net result	253,1 k €	+1088%	21,3 k €	-1.5%	21,6 k €	+21.3%	17,8 k €	+0.4%	17,8 k €	-8.1%	19,3 k €	+133%	8,3 k €	-62.3%	22 k €	+193%	-23,7 k €	-3864%	-597 €	+39.5%	-986 €	-107%	15,1 k €	+849%	-2 k €	-122%	9 k €	+436%	1,7 k €	+107%	-23,5 k €	-256%	-6,6 k €	-164%	10,2 k €
Balance sheet
Equity	1,2 M €	+240%	341,4 k €	+228%	104,2 k €	+26.2%	82,6 k €	+27.5%	64,7 k €	+37.8%	47 k €	+69.9%	27,6 k €	+43.0%	19,3 k €	+818%	-2,7 k €	-113%	21 k €	-2.8%	21,6 k €	-4.4%	22,6 k €	+551%	-5 k €	-68.0%	-3 k €	+75.2%	-12 k €	+12.3%	-13,7 k €	-239%	9,8 k €	-40.1%	16,4 k €
Total assets	1,4 M €	+141%	582 k €	+37.1%	424,5 k €	-2.7%	436,3 k €	-4.1%	454,8 k €	-11.6%	514,5 k €	+1.3%	508,1 k €	-0.7%	511,7 k €	+27.3%	401,8 k €	+151%	160,4 k €	+0.0%	160,4 k €	+0.1%	160,1 k €	-0.7%	161,3 k €	-26.1%	218,4 k €	-30.0%	311,9 k €	-8.2%	339,9 k €	+17.5%	289,3 k €	+154%	113,9 k €
Cash	171,6 €	-98.6%	11,9 k €	+85.9%	6,4 k €	+636%	870,2 €	-83.5%	5,3 k €	-78.2%	24,1 k €	+2839%	821 €	-57.8%	1,9 k €		–		7 €	+40.0%	5 €	-54.5%	11 €	-77.1%	48 €	-45.5%	88 €	-70.0%	293 €	-13.6%	339 €	+994%	31 €	+244%	9 €
Debts	149,7 k €	-37.8%	240,6 k €	-24.9%	320,4 k €	-9.4%	353,8 k €	-9.3%	390 k €	-16.6%	467,5 k €	-2.7%	480,4 k €	-2.4%	492,3 k €	+21.8%	404,1 k €	+190%	139,4 k €	+0.4%	138,8 k €	+0.9%	137,6 k €	-17.3%	166,3 k €	+2.8%	161,7 k €	-45.9%	298,7 k €	+0.5%	297,4 k €	+6.4%	279,4 k €	+222%	86,7 k €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

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 30/09/2025 · 3 active · 11 ended

Active mandates

Ruben Girginol

Director · since 01 février 2018

Active

Ingrid Straetmans

Director · since 01 octobre 2008

Active

Halil Girginol

Director · since 16 mai 2007

Active

Ended mandates

Ruben Girginol

Manager · since 01 mars 2018

Ended

Ingrid Straetmans

Manager · since 01 octobre 2008

Ended

D'Ancré Invest

Manager · since 16 mai 2007 · 0881.812.746

Represented by Halil Girginol

Ended

Halil Girginol

Manager · since 16 mai 2007

Ended

At this address

Other companies at this address

Company	CBE no.
D'Ancré Invest● Active	0881.812.746
ELEUTHEROS● Active	0893.383.262
Group Immo Patrimo● Active	0456.516.543
Immo Patrimo Management● Active	0702.803.008
Inside Creations● Active	0837.640.332
RBG group● Active	0759.655.104

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	13/03/2025	27/03/2024	16/03/2023	28/03/2022	31/03/2021
General meeting	09/03/2026	10/03/2025	11/03/2024	13/03/2023	14/03/2022	08/03/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	09/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	10/03/2025	13/03/2025	Dutch	PDF
Abridged model	30/09/2023	11/03/2024	27/03/2024	Dutch	PDF
Abridged model	30/09/2022	13/03/2023	16/03/2023	Dutch	PDF
Abridged model	30/09/2021	14/03/2022	28/03/2022	Dutch	PDF
Abridged model	30/09/2020	08/03/2021	31/03/2021	Dutch	PDF
Abridged model	30/09/2019	09/03/2020	25/03/2020	Dutch	PDF
Abridged model	30/09/2018	13/03/2019	28/03/2019	Dutch	PDF
Abridged model	30/09/2017	12/03/2018	30/04/2018	Dutch	PDF
Abridged model	30/09/2016	14/03/2017	04/05/2017	Dutch	PDF
Abridged model	30/09/2015	14/03/2016	29/03/2016	Dutch	PDF
Abridged model	30/09/2014	09/03/2015	27/04/2015	Dutch	PDF
Abridged model	30/09/2013	11/03/2014	30/04/2014	Dutch	PDF
Abridged model	30/09/2012	11/03/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	13/03/2012	02/05/2012	Dutch	PDF
Abridged model	30/09/2010	08/03/2011	28/04/2011	Dutch	PDF
Abridged model	30/09/2009	08/03/2010	27/04/2010	Dutch	PDF
Abridged model	30/09/2008	09/03/2009	14/04/2009	Dutch	PDF

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 30/09/2025 · 3 active · 11 ended

Active mandates

Ruben Girginol

Director · since 01 février 2018

Active

Ingrid Straetmans

Director · since 01 octobre 2008

Active

Halil Girginol

Director · since 16 mai 2007

Active

Ended mandates

Ruben Girginol

Manager · since 01 mars 2018

Ended

Ingrid Straetmans

Manager · since 01 octobre 2008

Ended

D'Ancré Invest

Manager · since 16 mai 2007 · 0881.812.746

Represented by Halil Girginol

Ended

Halil Girginol

Manager · since 16 mai 2007

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office24/10/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates05/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/03/2018
MAATSCHAPPELIJKE ZETEL
PDF
Registered office03/06/2015
MAATSCHAPPELIJKE ZETEL
PDF
Mandates19/09/2008
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other21/05/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025253,1 k €↑
2024
Annual accounts 202421,3 k €↓
2023
Annual accounts 202321,6 k €↑
2022
Annual accounts 202217,8 k €↑
2021
Annual accounts 202117,8 k €↓
2020
Annual accounts 202019,3 k €↑
2019
Annual accounts 20198,3 k €↓
2018
Annual accounts 201822 k €↑
2017
Annual accounts 2017-23,7 k €↓
2016
Annual accounts 2016-597 €↑
2015
Annual accounts 2015-986 €↓
2014
Annual accounts 201415,1 k €↑
2013
Annual accounts 2013-2 k €↓
2012
Annual accounts 20129 k €↑
2011
Annual accounts 20111,7 k €↑
2010
Annual accounts 2010-23,5 k €↓
2009
Annual accounts 2009-6,6 k €↓
2008
Annual accounts 200810,2 k €
16/05/2007
IncorporationPrivate 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

RHG

Overview

What does RHG do?

Trend over 18 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