M&H
ActiveSummary
The computed 12-month bankruptcy probability of M&H is 3.8% (moderate). The 2024 annual accounts show equity of €89k and a net result of €15k. Equity is growing by ~57.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 18941 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 score weighs solvency, liquidity and profitability. The bankruptcy probability (3.8%) counts for 35% 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 €5k 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.
Credit advice for your own amount and term
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
Sector 56
higher
← 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, 147 days later.
NBB · 6 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline24-09-2026 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 →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€89k▲ 20.2%
2023 · €74k
2019: €10k
2020: €-6k
2021: €-7k
2022: €53k
2023: €74k
2019 → 2024
Total assets
€257k▲ 50.0%
2023 · €171k
2019: €17k
2020: €24k
2021: €46k
2022: €201k
2023: €171k
2019 → 2024
Net result
€15k▼ 30.1%
2023 · €21k
2019: €-8k
2020: €-16k
2021: €-889
2022: €59k
2023: €21k
2019 → 2024
Working capital
€-544
2023 · €65k
2019: €-2k
2020: €-6k
2021: €-7k
2022: €-5k
2023: €65k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-6k-€-7k▼ 15.7%€53k€74k▲ 40.6%€89k▲ 20.2%
Operating result€-15k-€-364▲ 97.6%€74k€28k▼ 61.8%€32k▲ 11.7%
Net result€-16k-€-889▲ 94.4%€59k€21k▼ 63.9%€15k▼ 30.1%
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 €257k
Fixed assets
€113k ▲ 96.8%
Current assets
€144k ▲ 26.5%
Equity and liabilities €257k
Equity
€89k ▲ 20.2%
Debt
€168k ▲ 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
€50k▲
2023 · €35k
Cash flow
€34k▲
2023 · €28k
Current ratio
1.00▼
2023 · 2.34
Debt to equity
1.88▲
2023 · 1.30
ROE
16.8%▼
2023 · 28.9%
ROA
5.8%▼
2023 · 12.5%
Interest coverage
14.14▼
2023 · 35.35
Debt ≤ 1 year
€145k▲
2023 · €49k
Debt > 1 year
€23k
Income taxes
€13k▲
2023 · €6k
Staff costs
€47k▲
2023 · €39k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€171k€257k▲
Fixed assets21/28€57k€113k▲
Tangible fixed assets22/27€57k€113k▲
Plant, machinery and equipment23€5k€20k▲
Furniture and vehicles24€3k€49k▲
Other tangible fixed assets26€50k€44k▼
Current assets29/58€114k€144k▲
Amounts receivable within one year40/41€1k€12k▲
Other amounts receivable41€1k€12k▲
Cash at bank and in hand54/58€112k€101k▼
Deferred charges and accrued income490/1€1k€31k▲
Equity and liabilities
Total equity and liabilities10/49€171k€257k▲
Equity10/15€74k€89k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Profit (loss) carried forward14€56k€71k▲
Amounts payable17/49€97k€168k▲
Amounts payable after more than one year17-€23k
Financial debts170/4-€23k
Amounts payable within one year42/48€49k€145k▲
Current portion of amounts payable after more than one year42-€10k
Trade debts44€28k€78k▲
Suppliers440/4€28k€78k▲
Taxes, remuneration and social security45€21k€49k▲
Taxes450/3€20k€18k▼
Remuneration and social security454/9€712€31k▲
Other amounts payable47/48-€8k
Accrued charges and deferred income492/3€48k-
Income statement
Code20232024
Remuneration, social security and pensions62€39k€47k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€19k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€77k€102k▲
Operating profit (loss)9901€28k€32k▲
Financial income75/76B€0€2▲
Recurring financial income75€0€2▲
Financial charges65/66B€997€4k▲
Recurring financial charges65€997€4k▲
Profit (loss) for the period before taxes9903€27k€28k▲
Income taxes67/77€6k€13k▲
Profit (loss) for the period9904€21k€15k▼
Profit (loss) for the period to be appropriated9905€21k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€71k▲
Profit (loss) brought forward from the previous period14P€34k€56k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
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 €148k to €49k.
06-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €59k
Net result €59k 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 €-16k
Net result drops to €-16k, 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 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, Drogenbos · 1 establishment unit since 2021
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.
De Bruyckerweg 31620 DrogenbosGround 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
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 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
HAGHEDOOREN - MICHIELS
BE 1002.885.374
Gent · Eq €89,428
Deli Rogier
BE 0821.029.774
Erpe-Mere · Eq €89,430
CPD
BE 0748.861.378
Antwerpen · Eq €89,391
Mr. Food
BE 0674.377.949
Oostkamp · Eq €89,369
AS PEB
BE 0831.800.734
Brussel · Eq €89,478
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 7,947 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-11-2018
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.