MA & H SOLUTIONS
ActiveMA & H SOLUTIONS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €190k and a net result of €77k. Equity is growing by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 92% of 9981 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+22
Solvency100=
Growth68=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 6.39 against 13.45 in 2023; short-term debt: 13.6% and cash: 16.7% of total assets), and 13.6% 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.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
86.4%
Return on assets
34.9%
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 27-09-2025, 58 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
58 d late
2023
62 d late
2022
42 d late
2021
243 d late
2020
87 d late
2019
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€519k▲ 0.4%
2020 · €517k
2018: €450k
2019: €620k
2020: €517k
2018 → 2021
EBIT margin
1.8%▼ 4.4pp
2020 · 6.2%
2018: 1.9%
2019: 11.3%
2020: 6.2%
2018 → 2021
Net result
€77k▲ 630%
2023 · €11k
2018: €4k
2019: €70k
2020: €17k
2021: €9k
2022: €3k
2023: €11k
2018 → 2024
Working capital
€162k▲ 67.9%
2023 · €96k
2018: €49k
2019: €95k
2020: €20k
2021: €73k
2022: €68k
2023: €96k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€517k-€519k▲ 0.4%
Equity€117k-€126k▲ 7.8%€130k▲ 2.7%€140k▲ 8.1%€190k▲ 35.9%
Operating result€32k-€9k▼ 71.5%€2k▼ 80.1%€8k▲ 362%€72k▲ 755%
Net result€17k-€9k▼ 44.9%€3k▼ 62.7%€11k▲ 210%€77k▲ 630%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 755% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €220k
Fixed assets
€29k▼ 34.8%
Current assets
€192k▲ 84.3%
Equity and liabilities €220k
Equity
€190k▲ 35.9%
Debt
€30k▲ 288%
The debt ratio rises from 5.2% to 13.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€89k▲
2023 · €27k
Cash flow
€94k▲
2023 · €30k
Solvency
86.4%▼
2023 · 94.8%
Current ratio
6.39▼
2023 · 13.45
Quick ratio
6.39▼
2023 · 13.45
Debt / equity
0.16▲
2023 · 0.06
ROE
40.4%▲
2023 · 7.5%
ROA
34.9%▲
2023 · 7.1%
Debt
€30k▲
2023 · €8k
Debt ≤ 1 year
€30k▲
2023 · €8k
Staff costs
€46k▼
2023 · €58k
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€148k€220k▲
Fixed assets21/28€44k€29k▼
Tangible fixed assets22/27€44k€29k▼
Plant, machinery and equipment23-€3k
Furniture and vehicles24€44k€26k▼
Current assets29/58€104k€192k▲
Amounts receivable within one year40/41€75k€155k▲
Other amounts receivable41€75k€155k▲
Cash at bank and in hand54/58€29k€37k▲
Equity and liabilities
Total equity and liabilities10/49€148k€220k▲
Equity10/15€140k€190k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€120k€170k▲
Amounts payable17/49€8k€30k▲
Amounts payable within one year42/48€8k€30k▲
Taxes, remuneration and social security45€4k-
Remuneration and social security454/9€4k-
Other amounts payable47/48€4k€30k▲
Income statement
Code20232024
Remuneration, social security and pensions62€58k€46k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€17k▼
Other operating charges640/8€3k€13k▲
Gross operating margin9900€88k€148k▲
Operating profit (loss)9901€8k€72k▲
Financial income75/76B€2k€5k▲
Recurring financial income75€2k€5k▲
Financial charges65/66B€90-
Recurring financial charges65€90-
Profit (loss) for the period before taxes9903€11k€77k▲
Profit (loss) for the period9904€11k€77k▲
Profit (loss) for the period to be appropriated9905€11k€77k▲
Appropriation of the result
Profit (loss) to be appropriated9906€120k€196k▲
Profit (loss) brought forward from the previous period14P€109k€119k▲
Profit to be distributed694/7-€26k
Directors or managers695-€26k
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
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
31-12
Financial
Highest result since 2018net €77k ▲630%
Operating result €72k, net result €77k, both a record.
31-12
Financial
Equity above €150kEq €190k ▲35.9%
7 profitable years in a row build equity to €190k.
01-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 243 days late
2022
31-12
Financial
Weakest financial yearnet €3k ▼62.7%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Liquidity times 6current ratio 8.72
Current ratio from 1.47 to 8.72; short-term debt falls from €42k to €9k.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Equity above €100kEq €110k ▲110%
2 profitable years in a row build equity to €110k.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
04-06
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
5 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, Courcelles · 1 establishment unit since 2017
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.
Rue Lejuste(TR) 176183 CourcellesGround area
1,873 m²
Building footprint
200 m²
Volume, LiDAR
1,960 m³
Parcel 52066A0339/00P008, Wallonia · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MA & H SOLUTIONS
since 20172.261.357.139
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52066A0339/00P008 | Wallonia | 1,873 m² | 1 · 200 m² | 14.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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I & P Partners
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,050. 12,198 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-2016
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
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.