M&H
ActiveSummary
The computed 12-month bankruptcy probability of M&H is 3.8% (moderate). The 2024 annual accounts show equity of €89,420 and a net result of €15,034. Equity is growing by ~57.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 18935 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The bankruptcy probability (3.8%) is taken into account and brings the score to 59. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-8
Solvency60▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity short (current ratio 1.0 against 2.34 in 2023; short-term debt: 56.3% and cash: 39.4% of total assets), and 65.2% of the assets are financed with debt.
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Signals
Five 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
34.8%
Return on assets
5.8%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 153 days later.
NBB · 6 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 08-04-2025, 22 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
22 d early
2023
27 d early
2022
24 d early
2021
18 d early
2020
35 d early
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#3 company by total assets in Drogenbos, Accommodation and food service sector#8 oldest company in Drogenbos, Accommodation and food service sector
Equity
€89,420▲ 20.2%
2023 · €74,386
Total assets
€257,181▲ 50.0%
2023 · €171,401
Net result
€15,034▼ 30.1%
2023 · €21,494
Working capital
-€544
2023 · €65,259
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€15,097▼ 80.5%-€364▲ 97.6%€74,205€28,346▼ 61.8%€31,663▲ 11.7%
Net result-€15,828below the sector's middle half▼ 87.3%-€889within the sector's middle half▲ 94.4%€59,460above the sector's middle half€21,494above the sector's middle half▼ 63.9%€15,034within the sector's middle half▼ 30.1%
Equity-€5,679below the sector's middle half-€6,568below the sector's middle half▼ 15.7%€52,892within the sector's middle half€74,386within the sector's middle half▲ 40.6%€89,420above the sector's middle half▲ 20.2%
Total assets€24,302below the sector's middle half▲ 41.6%€45,879within the sector's middle half▲ 88.8%€200,616within the sector's middle half▲ 337%€171,401within the sector's middle half▼ 14.6%€257,181above the sector's middle half▲ 50.0%
Debt€29,981▲ 327%€52,447▲ 74.9%€147,724▲ 182%€97,015▼ 34.3%€167,761▲ 72.9%
Working capital-€5,679within the sector's middle half▼ 219%-€6,568within the sector's middle half▼ 15.7%-€5,116within the sector's middle half▲ 22.1%€65,259above the sector's middle half-€544within the sector's middle half
Solvency-23.4%below the sector's middle half▼ 82.5pp-14.3%below the sector's middle half▲ 9.1pp26.4%within the sector's middle half▲ 40.7pp43.4%within the sector's middle half▲ 17.0pp34.8%within the sector's middle half▼ 8.6pp
Current ratio0.81within the sector's middle half▲ 0.060.87within the sector's middle half▲ 0.060.97within the sector's middle half▲ 0.092.34above the sector's middle half▲ 1.371.00within the sector's middle half▼ 1.34
Return on assets (ROA)-65.1%below the sector's middle half▼ 15.9pp-1.9%within the sector's middle half▲ 63.2pp29.6%above the sector's middle half▲ 31.6pp12.5%within the sector's middle half▼ 17.1pp5.8%within the sector's middle half▼ 6.7pp
Staff (FTE)1.8within the sector's middle half▲ 50.0%5.3▲ 194%8.5▲ 60.4%5.1▼ 40.0%6.9▲ 35.3%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 12% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €257,181
Fixed assets
€112,845 ▲ 96.8%
Current assets
€144,336 ▲ 26.5%
Equity and liabilities €257,181
Equity
€89,420 ▲ 20.2%
Debt
€167,761 ▲ 72.9%
Debt's share of the balance-sheet total rises from 56.6% to 65.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€50,262▲
2023 · €35,227
Cash flow
€33,634▲
2023 · €28,375
Debt to equity
1.88▲
2023 · 1.30
ROE
16.8%▼
2023 · 28.9%
Interest coverage
14.14▼
2023 · 35.35
Debt ≤ 1 year
€144,880▲
2023 · €48,815
Debt > 1 year
€22,881
Income taxes
€13,076▲
2023 · €5,855
Staff costs
€47,411▲
2023 · €39,354
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | €206,286 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €21,986 | €27,929 | €39,354 | €47,411 | ▲ 20.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €1,021 | €6,881 | €18,600 | ▲ 170% |
| Other operating charges640/8 | - | €7,223 | €10,763 | €2,278 | €4,784 | ▲ 110% |
| Gross operating margin9900 | -€2,708 | €28,845 | €113,918 | €76,859 | €102,457 | ▲ 33.3% |
| Operating profit (loss)9901 | -€15,097 | -€364 | €74,205 | €28,346 | €31,663 | ▲ 11.7% |
| Financial income75/76B | - | - | €7 | €0 | €2 | ▲ 3,850% |
| Recurring financial income75 | €1 | - | €7 | €0 | €2 | ▲ 3,850% |
| Financial charges65/66B | - | €434 | €373 | €997 | €3,553 | ▲ 257% |
| Recurring financial charges65 | €732 | €434 | €373 | €997 | €3,553 | ▲ 257% |
| Profit (loss) for the period before taxes9903 | -€15,828 | -€798 | €73,839 | €27,349 | €28,111 | ▲ 2.8% |
| Income taxes67/77 | - | €91 | €14,379 | €5,855 | €13,076 | ▲ 123% |
| Profit (loss) for the period9904 | -€15,828 | -€889 | €59,460 | €21,494 | €15,034 | ▼ 30.1% |
| Profit (loss) for the period to be appropriated9905 | -€15,828 | -€889 | €59,460 | €21,494 | €15,034 | ▼ 30.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,302 | €45,879 | €200,616 | €171,401 | €257,181 | ▲ 50.0% |
| Fixed assets21/28 | - | - | €58,008 | €57,327 | €112,845 | ▲ 96.8% |
| Tangible fixed assets22/27 | - | - | €58,008 | €57,327 | €112,845 | ▲ 96.8% |
| Plant, machinery and equipment23 | - | - | €697 | €5,077 | €19,612 | ▲ 286% |
| Furniture and vehicles24 | - | - | €2,228 | €2,745 | €49,306 | ▲ 1,696% |
| Other tangible fixed assets26 | - | - | €55,083 | €49,505 | €43,927 | ▼ 11.3% |
| Current assets29/58 | €24,302 | €45,879 | €142,608 | €114,074 | €144,336 | ▲ 26.5% |
| Stocks and contracts in progress3 | - | €957 | €870 | - | - | - |
| Stocks30/36 | - | €957 | €870 | - | - | - |
| Amounts receivable within one year40/41 | €3,695 | €25,101 | €5,401 | €1,072 | €12,058 | ▲ 1,025% |
| Trade receivables40 | - | €20,495 | €381 | - | - | - |
| Other amounts receivable41 | - | €4,606 | €5,020 | €1,072 | €12,058 | ▲ 1,025% |
| Cash at bank and in hand54/58 | €20,607 | €19,821 | €136,046 | €111,922 | €101,387 | ▼ 9.4% |
| Deferred charges and accrued income490/1 | - | - | €291 | €1,081 | €30,890 | ▲ 2,758% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,302 | €45,879 | €200,616 | €171,401 | €257,181 | ▲ 50.0% |
| Equity10/15 | -€5,679 | -€6,568 | €52,892 | €74,386 | €89,420 | ▲ 20.2% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | - | €18,600 | €18,600 | = |
| Other1109/19 | - | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€24,279 | -€25,168 | €34,292 | €55,786 | €70,820 | ▲ 27.0% |
| Amounts payable17/49 | €29,981 | €52,447 | €147,724 | €97,015 | €167,761 | ▲ 72.9% |
| Amounts payable after more than one year17 | - | - | - | - | €22,881 | - |
| Financial debts170/4 | - | - | - | - | €22,881 | - |
| Amounts payable within one year42/48 | €29,981 | €52,447 | €147,724 | €48,815 | €144,880 | ▲ 197% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €9,675 | - |
| Trade debts44 | €19,553 | €47,095 | €45,102 | €27,747 | €77,894 | ▲ 181% |
| Suppliers440/4 | - | €47,095 | €45,102 | €27,747 | €77,894 | ▲ 181% |
| Taxes, remuneration and social security45 | - | €91 | €27,107 | €21,068 | €49,024 | ▲ 133% |
| Taxes450/3 | - | €91 | €14,517 | €20,356 | €18,383 | ▼ 9.7% |
| Remuneration and social security454/9 | - | - | €12,590 | €712 | €30,641 | ▲ 4,201% |
| Other amounts payable47/48 | - | €5,261 | €75,514 | - | €8,287 | - |
| Accrued charges and deferred income492/3 | - | - | - | €48,200 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,828 | -€889 | €59,460 | €21,494 | €15,034 | ▼ 30.1% |
| + Depreciation and write-downs630 | - | - | €1,021 | €6,881 | €18,600 | ▲ 170% |
| Operating cash flow (approximation) | -€15,828 | -€889 | €60,481 | €28,375 | €33,634 | ▲ 18.5% |
| Investment in fixed assets (approximation) | - | - | - | -€6,200 | -€74,118 | ▼ 1,095% |
| Change in cash | - | -€786 | €116,225 | -€24,124 | -€10,535 | ▲ 56.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
04-05
State Gazette act
Resignation: YOUNESI ROMAN (director)Appointment: Halim Rana Moustafa (director) · Registered-office move · Shareholding6 facts ▸
State Gazette act
Resignation: YOUNESI ROMAN (director)
Appointment: Halim Rana Moustafa (director) · Registered-office move · Shareholding6 facts ▸
- General meeting, 10-11-2025
- Director resignation, YOUNESI ROMAN (director)
- Director appointment, Halim Rana Moustafa (director)
- Registered-office move, De Bruyckerweg 3 1620 Drogenbos
- Shareholding, 10-11-2025, 100
- Shareholding, 10-11-2025, 0
2025
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 2.34
Current ratio from 0.97 to 2.34; short-term debt falls from €147,724 to €48,815.
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €59,460
Net result €59,460 after 3 loss-making years.
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€15,828
Net result drops to -€15,828, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Halim Rana Moustafa
CurrentDirector · since 04-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Drogenbos · 1 establishment unit since 2021
Ground area
2,448 m²
Building footprint
689 m²
Volume, LiDAR
4,935 m³
2 parcels, Flanders · tallest building 20.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pizza Service
since 20212.312.271.944
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001A0020/00Y002 | Flanders | 2,295 m² | 1 · 573 m² | 20.6 m · 2 fl. |
| 11364F0522/00S000 | Flanders | 153 m² | 1 · 115 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Halim Rana Moustafa |
|
| YOUNESI ROMAN |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,781. 7,951 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-11-2018
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Not found in the Peppol register
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Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.