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M.H.G.

Active
Private limited companyfounded 2024active for 2 yearsVilvoordselaan 312, 1130 Brussel, BelgiumKBO/BCE: BE 1005.184.472
Summary

M.H.G. has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21,650 and a net result of €15,650. Its solvency ranks better than 20% of 3,904 sector peers (NACE 01, financial year 2024). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Activity
Crop and animal production, hunting and related service activities
NACE 01210Retail sale of wines and spirits NACE 47251
10th largest company by total assets in Brussels, Agriculture, forestry and fishing sector1 site
Size
€1.3mtotal assets 2024
Equity
€21,650
Profit
€15,650
Turnover not published (micro format)
Financial health
64 Healthy Checked score 2024
Bankruptcy probabilitywithin 12 months
1.2%
Structure
Accounts filed 31 days late
Why 64raises riskFigures for financial year 2024 (filed 02-09-2025)1 financial year not filed after the legal deadline; latest accounts 31 days late; 1 of the last 3 latelowers riskSector: Crop and animal production, hunting and related service activities (NACE 01)Size: total assets €1.3mShow the evidence

Checked score

Score 2024
64 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 24% of its sector peers (NACE 01, micro)
Financial strength
Weak
Solvency 27
equity 1.7% of total assets
Liquidity 7
short-term debt 98.3% · cash 5.5%
Profitability 70
return on assets 1.2%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (5,684 companies, NACE 01, micro)
Last 24 months 02-2025: 0.5% 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.5%● unchanged vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025 07-2025: 0.6%▲ +0.1 percentage points vs 06-2025 08-2025: 0.6%● unchanged vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.2%▼ -0.4 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025lowest value 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026 09-2026: 0.7%▲ +0.2 percentage points vs 08-2026 10-2026: 1.2%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.66, below 1; short-term debt: 98.3% and cash: 5.5% of total assets), and 98.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro): better than 17% on solvency, 8% on liquidity and 47% on profitability.

The bankruptcy probability was computed on 18-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 02-09-2025)
NBB · annual accounts
lowers risk · Sector: Crop and animal production, hunting and related service activities (NACE 01)
KBO
lowers risk · Size: total assets €1.3m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 31 days late; 1 of the last 3 late
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 3904 sector peers (2024).
NBB · sector comparison
Position among 3904 sector peers
Solvency
better than 20%
← weakest strongest →
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 years
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2024
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 31 days after the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. IncorporationAppointments: Stephan HENRY (director) and…

Key points

  • Caution: Among the weakest 20% on solvencysector median 32.1% · 3,904 companies 1.7% View
  • Total assets 2024first financial year filed €1.3m View
  • Active since 2024founded 25-01-2024 2 years View

By topic

Financials

Financial year
2024
Total assets
€1.3m
Profit
€15,650
Solvency
1.7%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Crop and animal production, hunting and related service…NACE 01210
Founded
25-01-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
31
Annual meeting
Third Friday of May
Purpose
“L’exploitationdevignes;Cetteexploitations’effectuerasurlesbiensapportésparlesassociés,ache…” (deed in French)
Go to Articles of association

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