ACTIVE

BHS MANAGEMENT

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Financial year 2025 · closed on 31/12/2025

Net result

133,6 k €

-59.5% YoY

Gross margin

662,5 k €

+16.2% YoY

Equity

1,8 M €

+8.0% YoY

Workforce

3,7 ETP

+15.6% YoY

What does BHS MANAGEMENT do?

BHS MANAGEMENT is a Private limited company incorporated in 2007. Its registered office is in Seraing. It employs on average 3,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.021.977

Incorporation

07/12/2007

Legal form

Private limited company

Registered office

Voie du Belvédère 6
4100 Seraing · WallonieSee on map

Contributed capital

290 510,05 €

Latest accounts

31/12/2025

Average workforce

3,7 ETP

Activities (NACE)

64999Other financial service activities, except insurance and pension funding n.e.c.· main 64999Other financial service activities, except insurance and pension funding n.e.c.65236Reinsurance 68100Buying and selling of own real estate 68110Buying and selling of own real estate 68201Rental and operating of own or leased real estate+6

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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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	662,5 k €	+16.2%	570,2 k €	+0.3%	568,3 k €	+82.8%	310,9 k €	+6.5%	291,9 k €	-4.6%	305,9 k €	-22.9%	396,5 k €	+5.0%	377,4 k €	+50.1%	251,4 k €	+8.9%	230,8 k €	+23.1%	187,5 k €	-15.2%	221 k €	+34.3%	164,6 k €	-9.4%	181,7 k €	+35.6%	134 k €	-8.1%	145,8 k €	+3.6%	140,8 k €	+1.3%	138,9 k €
EBITDA	402,4 k €	+12.1%	358,8 k €	-7.4%	387,5 k €	+163%	147,5 k €	+2.7%	143,6 k €	-11.8%	162,8 k €	-19.5%	202,4 k €	+13.1%	178,9 k €	-13.0%	205,7 k €	+12.8%	182,3 k €	+33.7%	136,4 k €	-25.6%	183,3 k €	+52.2%	120,4 k €	-7.7%	130,4 k €	+53.8%	84,8 k €	-18.7%	104,3 k €	+6.6%	97,9 k €	-19.8%	122,1 k €
Operating result	252,5 k €	+7.6%	234,6 k €	-20.3%	294,3 k €	+369%	62,7 k €	+2.5%	61,2 k €	-24.8%	81,4 k €	-31.8%	119,4 k €	+25.5%	95,1 k €	-45.1%	173,1 k €	+16.5%	148,6 k €	+62.0%	91,8 k €	-38.9%	150,2 k €	+55.6%	96,5 k €	-5.2%	101,9 k €	+86.2%	54,7 k €	-33.6%	82,3 k €	+8.1%	76,2 k €	-21.7%	97,3 k €
Net result	133,6 k €	-59.5%	329,6 k €	+98.0%	166,5 k €	+759%	19,4 k €	-31.1%	28,1 k €	-29.8%	40,1 k €	-44.0%	71,6 k €	+120%	-352,9 k €	-458%	98,7 k €	+21.7%	81,1 k €	+88.9%	42,9 k €	-50.5%	86,8 k €	+24.0%	70 k €	+69.0%	41,4 k €	+291%	10,6 k €	-74.1%	40,8 k €	+85.5%	22 k €	-55.4%	49,4 k €
Balance sheet
Equity	1,8 M €	+8.0%	1,6 M €	+24.8%	1,3 M €	+14.3%	1,2 M €	+1.6%	1,1 M €	+2.4%	1,1 M €	+3.6%	1,1 M €	+6.9%	1 M €	+48.1%	677,7 k €	+17.0%	579 k €	+16.3%	497,9 k €	+9.4%	455 k €	+6.8%	426,2 k €	+14.5%	372,2 k €	+12.5%	330,8 k €	+3.3%	320,2 k €	+14.6%	279,4 k €	+8.6%	257,4 k €
Total assets	4,3 M €	+6.6%	4 M €	+4.1%	3,9 M €	+38.4%	2,8 M €	+31.2%	2,1 M €	-1.7%	2,2 M €	+9.0%	2 M €	+0.8%	2 M €	+52.4%	1,3 M €	+31.3%	985,7 k €	+9.4%	900,7 k €	-0.4%	904,4 k €	+5.4%	857,8 k €	+5.8%	810,7 k €	-4.0%	844,7 k €	+2.5%	824,3 k €	-1.9%	840,1 k €	-4.8%	882,3 k €
Cash	22,1 k €	-66.1%	65,3 k €	+39.9%	46,6 k €	-20.8%	58,9 k €	-19.4%	73 k €	+12.4%	65 k €	+198%	21,8 k €	+10735%	201,6 €		0 €	-100%	1,7 k €		0 €	-100%	36 k €	+10101%	353,1 €		–		–		1,3 k €	-86.0%	9,2 k €	-33.3%	13,9 k €
Debts	2,4 M €	+4.5%	2,3 M €	-6.5%	2,5 M €	+57.5%	1,6 M €	+70.4%	925,7 k €	-6.0%	985,1 k €	+17.2%	840,4 k €	-5.5%	889,7 k €	+44.4%	616,2 k €	+51.5%	406,6 k €	+1.0%	402,7 k €	-10.4%	449,4 k €	+4.1%	431,6 k €	-1.6%	438,4 k €	-14.7%	513,7 k €	+1.9%	504,1 k €	-10.1%	560,8 k €	-10.3%	624,9 k €
Other
Workforce	3,7 ETP	+15.6%	3,2 ETP	-3.0%	3,3 ETP	-2.9%	3,4 ETP	-5.6%	3,6 ETP	-18.2%	4,4 ETP	-2.2%	4,5 ETP	+40.6%	3,2 ETP	+220%	1,0 ETP		–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+11.1%	0,9 ETP	-10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	+25.0%	0,8 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 31/12/2025 · 2 active · 5 ended

Active mandates

Christophe DENIS

Director · since 07 décembre 2007 · until 31 décembre 2025

Active

Jean-Yves BEECKMAN

Director · since 07 décembre 2007

Active

Ended mandates

Christophe DENIS

Director · since 07 décembre 2007

Ended

Christophe DENIS

Manager · since 06 décembre 2007

Ended

Jean-Yves BEECKMAN

Manager · since 06 décembre 2007

Ended

Christophe DENIS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
BHS ACTIVITY● Active	1030.745.358
BHS.MEDIA● Active	0450.758.010
DH MANAGEMENT● Active	1030.748.526

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	03/06/2026	03/06/2025	26/08/2024	05/07/2023	21/06/2022	16/07/2021
General meeting	03/06/2026	30/05/2025	31/05/2024	16/06/2023	27/05/2022	28/05/2021
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	31/12/2025	03/06/2026	03/06/2026	French	PDF
Abridged model	31/12/2024	30/05/2025	03/06/2025	French	PDF
Abridged model	31/12/2023	31/05/2024	26/08/2024	French	PDF
Abridged model	31/12/2022	16/06/2023	05/07/2023	French	PDF
Abridged model	31/12/2021	27/05/2022	21/06/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	16/07/2021	French	PDF
Abridged model	31/12/2019	29/06/2020	16/07/2020	French	PDF
Abridged model	31/12/2018	24/06/2019	11/07/2019	French	PDF
Abridged model	31/12/2017	25/06/2018	02/07/2018	French	PDF
Abridged model	31/12/2016	26/06/2017	17/07/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	30/06/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	04/07/2014	French	PDF
Abridged model	31/12/2012	24/06/2013	01/07/2013	French	PDF
Abridged model	31/12/2011	25/06/2012	03/07/2012	French	PDF
Abridged model	31/12/2010	27/06/2011	28/06/2011	French	PDF
Abridged model	31/12/2009	28/06/2010	20/07/2010	French	PDF
Abridged model	31/12/2008	29/06/2009	22/07/2009	French	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 31/12/2025 · 2 active · 5 ended

Active mandates

Christophe DENIS

Director · since 07 décembre 2007 · until 31 décembre 2025

Active

Jean-Yves BEECKMAN

Director · since 07 décembre 2007

Active

Ended mandates

Christophe DENIS

Director · since 07 décembre 2007

Ended

Christophe DENIS

Manager · since 06 décembre 2007

Ended

Jean-Yves BEECKMAN

Manager · since 06 décembre 2007

Ended

Christophe DENIS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other14/07/2026
—
PDF
Restructuring06/05/2026
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates30/09/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Capital / shares08/08/2018
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring26/03/2018
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office22/06/2012
SIEGE SOCIAL
PDF
Other11/12/2007
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 2025133,6 k €↓
2024
Annual accounts 2024329,6 k €↑
2023
Annual accounts 2023166,5 k €↑
2022
Annual accounts 202219,4 k €↓
2021
Annual accounts 202128,1 k €↓
2020
Annual accounts 202040,1 k €↓
2019
Annual accounts 201971,6 k €↑
2018
Annual accounts 2018-352,9 k €↓
2017
Annual accounts 201798,7 k €↑
2016
Annual accounts 201681,1 k €↑
2015
Annual accounts 201542,9 k €↓
2014
Annual accounts 201486,8 k €↑
2013
Annual accounts 201370 k €↑
2012
Annual accounts 201241,4 k €↑
2011
Annual accounts 201110,6 k €↓
2010
Annual accounts 201040,8 k €↑
2009
Annual accounts 200922 k €↓
2008
Annual accounts 200849,4 k €
07/12/2007
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

BHS MANAGEMENT

Overview

What does BHS MANAGEMENT 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