CONCEPT M & H
ActiveThe computed 12-month bankruptcy probability of CONCEPT M & H is 3.5% (moderate). The 2024 annual accounts show equity of €137k and a net result of €2k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 6718 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability64▼-13
Solvency65=
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 1.73 in 2023; short-term debt: 47.4% and cash: 12.9% of total assets), but 60.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.7%
Return on assets
0.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-10-2025, 88 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
88 d late
2023
106 d late
2022
79 d late
2021
22 d late
2020
4 d early
2019
123 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€431k▼ 11.1%
2023 · €485k
2023: €485k
2023 → 2024
EBIT margin
3.3%▼ 2.2pp
2023 · 5.4%
2023: 5.4%
2023 → 2024
Net result
€2k▼ 80.7%
2023 · €11k
2018: €47k
2019: €5k
2020: €2k
2021: €49k
2022: €-110
2023: €11k
2018 → 2024
Working capital
€125k▲ 18.1%
2023 · €105k
2018: €11k
2019: €-24k
2020: €39k
2021: €25k
2022: €63k
2023: €105k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€485k€431k▼ 11.1%
Equity€74k-€123k▲ 66.1%€123k▼ 0.1%€134k▲ 9.3%€137k▲ 1.6%
Operating result€-22k-€8k€3k▼ 68.5%€26k▲ 897%€14k▼ 46.6%
Net result€2k-€49k▲ 2,258%€-110€11k€2k▼ 80.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 47% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €344k
Fixed assets
€56k▼ 36.9%
Current assets
€288k▲ 15.4%
Equity and liabilities €344k
Equity
€137k▲ 1.6%
Debt
€207k▲ 1.5%
The debt ratio stays at 60.3%.
Key figures and ratios
EBITDA
€48k▼
2023 · €78k
Cash flow
€36k▼
2023 · €63k
Solvency
39.7%▲
2023 · 39.7%
Current ratio
1.76▲
2023 · 1.73
Quick ratio
1.64▲
2023 · 1.59
Debt / equity
1.52▼
2023 · 1.52
ROE
1.6%▼
2023 · 8.5%
ROA
0.6%▼
2023 · 3.4%
Interest coverage
5.34▼
2023 · 16.34
Debt
€207k▲
2023 · €204k
Debt ≤ 1 year
€163k▲
2023 · €144k
Debt > 1 year
€44k▼
2023 · €60k
Income taxes
€3k▼
2023 · €10k
Staff costs
€70k▼
2023 · €89k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€339k€344k▲
Fixed assets21/28€89k€56k▼
Tangible fixed assets22/27€88k€55k▼
Plant, machinery and equipment23€500€500=
Furniture and vehicles24€22k€15k▼
Leasing and similar rights25€59k€34k▼
Other tangible fixed assets26€7k€5k▼
Financial fixed assets28€828€828=
Current assets29/58€249k€288k▲
Stocks and contracts in progress3€20k€20k=
Stocks30/36€20k€20k=
Amounts receivable within one year40/41€153k€194k▲
Trade receivables40€115k€149k▲
Other amounts receivable41€38k€45k▲
Cash at bank and in hand54/58€61k€44k▼
Deferred charges and accrued income490/1€15k€29k▲
Equity and liabilities
Total equity and liabilities10/49€339k€344k▲
Equity10/15€134k€137k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€114k€116k▲
Amounts payable17/49€204k€207k▲
Amounts payable after more than one year17€60k€44k▼
Financial debts170/4€60k€44k▼
Amounts payable within one year42/48€144k€163k▲
Current portion of amounts payable after more than one year42€20k€17k▼
Trade debts44€85k€96k▲
Suppliers440/4€85k€96k▲
Taxes, remuneration and social security45€34k€32k▼
Taxes450/3€25k€7k▼
Remuneration and social security454/9€10k€26k▲
Other amounts payable47/48€4k€18k▲
Income statement
Code20232024
Turnover70€485k€431k▼
Non-recurring operating income76A€75k€31k▼
Goods, raw materials, services and sundry goods60/61€341k€326k▼
Remuneration, social security and pensions62€89k€70k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€34k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€11k-
Non-recurring operating charges66A€41k€16k▼
Gross operating margin9900€218k€137k▼
Operating profit (loss)9901€26k€14k▼
Financial charges65/66B€5k€9k▲
Recurring financial charges65€5k€9k▲
Profit (loss) for the period before taxes9903€22k€5k▼
Income taxes67/77€10k€3k▼
Profit (loss) for the period9904€11k€2k▼
Profit (loss) for the period to be appropriated9905€11k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€114k€116k▲
Profit (loss) brought forward from the previous period14P€103k€114k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 88 days late
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 79 days late
2022
31-12
Financial
Weakest financial yearnet €-110 ▼100%
Net result drops to €-110, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €49k ▲2258%
Net result €49k, the highest in the series.
31-12
Financial
Equity above €100kEq €123k ▲66.1%
4 profitable years in a row build equity to €123k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 1.71
Current ratio from 0.52 to 1.71.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 123 days late
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Keizerslaan 101000 BrusselGround area
8,686 m²
Building footprint
3,341 m²
Volume, LiDAR
11,273 m³
3 parcels, Brussels, Flanders, Wallonia · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Rue de la Marsaude 6, 6020 Charleroi
since 20162.261.316.557
concept m&h
since 20172.268.372.021
3 parcels
Flanders
1
(33.3%)
Wallonia
1
(33.3%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0345/00C002 | Flanders | 7,954 m² | 1 · 2,811 m² | 9.9 m |
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
| 52016B0119/00R000 | Wallonia | 62 m² | 1 · 41 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Operational Management Solution
BE 0537.691.586
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CITY TAX
BE 0446.092.805
Namur · Eq €137k
Luchthavenvervoer-VDW
BE 0663.780.601
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BRACKE-clincke
BE 0821.841.606
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JAM & CO
BE 0767.392.437
Ternat · Eq €137k
Of 6,686 companies in sector 49330 we hold annual accounts for 2,295. 1,431 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2016
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
49390Land transport and transport via pipelines
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.