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MAHI

Active
Private limited company·Ontwerpen van computerprogramma’s· 4 yrs active
Maanstraat 11 ·2800 Mechelen, Belgium
KBO/BCE: BE 0781.773.379
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Age4 yrs
Board6
Staff (FTE)3.2
Connections6
Real estate2 parcels · 3,443 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of MAHI is 0.4% (very low). The 2025 annual accounts show equity of €2.66M and a net result of €-351k. Equity is growing by ~137.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 176 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

2 signals · with evidence
Strong solvency vs sector
Solvency is in the sector's strongest quartile: better than 95% of 176 peers (2025). A comfortable equity buffer.
View the sector comparison
Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 02-06-2026 59 d early 2026-00135693
31-12-2024 31-07-2025 08-07-2025 23 d early 2025-00241312
31-12-2023 31-07-2024 29-06-2024 32 d early 2024-00182973

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.4% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-351k-22547.2%
Working capital€2.51M+407.6%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 02-06-2026 with the NBB · fiscal year 2025 · verkort
€-400k€-300k€-200k€-100k€0Operating result 2023: €-61k€-61kNet result 2023: €-63k€-63kOperating result 2024: €-242€-242Net result 2024: €-2k€-2kOperating result 2025: €-344k€-344kNet result 2025: €-351k€-351k202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~137.5%/year over 3 fiscal years, indicative, assuming unchanged policy.
€0€2.00M€4.00M€6.00M2026: €3.63M (€3.42M - €3.84M)2027: €4.60M (€4.39M - €4.82M)2028: €5.58M (€5.36M - €5.79M)2023: €708k2024: €707k2025: €2.66M202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 62, Computer programming & consultancy · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 93.4% 36.7%
better than 95% of 176 sector peers
Net result €-351k €28k
better than 8% of 176 sector peers
Equity €2.66M €99k
better than 95% of 176 sector peers
Gross operating margin €-23k €86k
better than 8% of 176 sector peers
Staff costs €278k €328k
higher than 46% of 85 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
Solvency P95
2023: P95 · n=4782024: P92 · n=5612025: P95 · n=1762023 2025
Stable position over 2023-2025 · n=176-561
Net result P8
2023: P19 · n=4792024: P34 · n=5612025: P8 · n=1762023 2025
Stable position over 2023-2025 · n=176-561
Equity P95
2023: P87 · n=4792024: P86 · n=5612025: P95 · n=1762023 2025
Stable position over 2023-2025 · n=176-561
Gross operating margin P8
2023: P10 · n=4782024: P61 · n=5602025: P8 · n=1762023 2025
Stable position over 2023-2025 · n=176-560
Describes the position versus peers, not a forecast.
EBITDA
€-298k
- 23-25
Net profit
€-351k
-22547.2% 23-25
Cash flow
€-305k
- 23-25
Total assets
€2.84M
+261.3% 23-25
Equity
€2.66M
+275.9% 23-25
Working capital
€2.51M
+407.6% 23-25
Employees (FTE)
3
- 23-25
Staff costs
€278k
+149.5% 23-25
Debt
€186k
+132.8% 23-25
Debt ≤ 1y
€136k
+69.7% 23-25
Current ratio
19.49
+171.4% 23-25
Quick ratio
19.08
+184.5% 23-25
Solvency
93.4%
+4.0% 23-25
Debt / equity
0.07
-38.1% 23-25
ROE
-13.2%
-5924.8% 23-25
ROA
-12.3%
-6167.6% 23-25
Interest coverage
-127.78
- 23-25
Figures by fiscal year
Fiscal year2025
Depositverkort
Revenue-
EBITDA€-298k
Net profit€-351k
Cash flow€-305k
Staff costs€278k
Income taxes-
Dividends-
Total assets€2.84M
Equity€2.66M
Debt€186k
of which ≤ 1y€136k
of which > 1y-
Working capital€2.51M
Employees (FTE)3.2
Ratios (computed)
2025
Current ratio19.49
Quick ratio19.08
Working capital ratio88.3%
Solvency93.4%
Debt / equity0.07
Long-term debt ratio-
Interest coverage-127.78
Gross margin-
Net margin-
ROA-12.3%
ROE-13.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€2.84M
Fixed assets 21/28€196k
Intangible fixed assets 21€37k
Tangible fixed assets 22/27€139k
Financial fixed assets 28€20k
Current assets 29/58€2.65M
Stocks & contracts in progress 3€56k
Amounts receivable within one year 40/41€464k
Cash & bank 54/58€2.13M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€2.84M
Equity 10/15€2.66M
Contributions / capital 10/11€3.07M
Accumulated profits (losses) 14€-415k
Amounts payable 17/49€186k
Amounts payable within one year 42/48€136k
Trade debts payable within one year 44€62k
Income statement
Gross operating margin 9900€-23k
Operating result 9901€-344k
Financial income 75€263
Financial charges 65€2k
Result before taxes 9903€-351k
Net result for the period 9904€-351k
Result to be appropriated 9905€-351k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
55 / 100 Fair
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

9 directors
Current directors & mandates
  • Abel ConsultingLegal entity
    Director· perm. rep.: Andreas Belderbos
    State Gazette act 25155224 (09-12-2025)
    Current
    28-10-2025 → present
  • ITER AUDAXLegal entity
    Director· perm. rep.: LAUWERS Quinten
    State Gazette act 25347269 (25-07-2025)
    Current
    16-06-2025 → present
  • MESHFLOWLegal entity
    Director· perm. rep.: VAN DEN BERGH Bertold
    State Gazette act 25347269 (25-07-2025)
    Current
    16-06-2025 → present
  • oceaNoteLegal entity
    Director· perm. rep.: NOTE Pieter-Jan Fernand Aline
    State Gazette act 25347269 (25-07-2025)
    Current
    16-06-2025 → present
  • Andreas Belderbos
    Director
    State Gazette act 24080472 (28-05-2024)
    Current
    28-04-2024 → present
  • LANGE Per
    Director
    State Gazette act 23413922 (24-10-2023)
    Current
    24-10-2023 → present
Former directors (3)
  • LAUWERS Quinten
    Director
    State Gazette act 23413922 (24-10-2023)
    Former
    24-10-2023 → 16-06-2025
    2 events
    • 16-06-2025 Resigned· Director
    • 24-10-2023 Appointed· Director
  • NOTE Pieter-Jan
    Director
    State Gazette act 23413922 (24-10-2023)
    Former
    24-10-2023 → 16-06-2025
    2 events
    • 16-06-2025 Resigned· Director
    • 24-10-2023 Appointed· Director
  • VAN DEN BERGH Bertold
    Director
    State Gazette act 23413922 (24-10-2023)
    Former
    24-10-2023 → 16-06-2025
    2 events
    • 16-06-2025 Resigned· Director
    • 24-10-2023 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Ontwerpen van computerprogramma’s(62100)
Legal form Private limited company(610)
Incorporation09-02-2022
StatusActive
Postal code2800

Structure & network

Connections & network

6 connected companies
Abel Consulting, Sits on the board ACAbelConsultingITER AUDAX, Sits on the board IAITER AUDAXMESHFLOW, Sits on the board MMESHFLOWoceaNote, Sits on the board OoceaNoteAndreas Belderbos, Shared director AB Andreas …erbosALS, Shared address AALSMAHI MAHI0781.773.379
Group structureShared directorsShared address / shareholder
Group structure
Abel Consulting
Sits on the board · 1 subsidiary · 1 location
Control→
ITER AUDAX
Sits on the board · 1 subsidiary · 1 location
Control→
MESHFLOW
Sits on the board · 1 subsidiary · 1 location
Control→
oceaNote
Sits on the board · 1 subsidiary · 1 location
Control→
Linked via shared directors
Abel Consulting
viaAndreas Belderbos · Permanent representative
→
Network connections
ALS
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

4 parties
Control over this companysits on this company's board4
Abel Consulting
1 subsidiary · 1 location
ITER AUDAX
1 subsidiary · 1 location
MESHFLOW
1 subsidiary · 1 location
oceaNote
1 subsidiary · 1 location
controls
MAHIBE 0781.773.379

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Maanstraat 112800 Mechelen

Establishment units

1 location
MAHI
Lange Zandstraat 13, 2860 Sint-Katelijne-WaverOntwerpen en programmeren van computerprogramma's
since 20222.327.550.434
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area3,443 m²
Buildings2
Building footprint1,358 m²
Volume (LiDAR)10,234 m³
Tallest building10.7 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12402C0238/00N008 Flanders 2,248 m² 1 · 1,252 m² 8.8 m · 3 fl.
12035E0095/00E000 Flanders 1,195 m² 1 · 105 m² 10.7 m · 3 fl.
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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

5 acts
Address history · 1
09-12-2025
v3.2
All acts · 5 updated 8 months ago
2025
09-12-2025 Registered office moved from Sint-Katelijne-Waver to Mechelen Registered-office change
  • Lange Zandstraat 13, 2860 Sint-Katelijne-Waver → Maanstraat 11, 2800 Mechelen
Summary: v3.2
25-07-2025 3 directors appointed, 3 resigning Director changes
  • LAUWERS Quinten, Bestuurder
  • VAN DEN BERGH Bertold, Bestuurder
  • NOTE Pieter-Jan Fernand Aline, Bestuurder
  • LAUWERS Quinten, Bestuurder
  • NOTE Pieter-Jan, Bestuurder
  • VAN DEN BERGH Bertold, Bestuurder
Summary: v3.2
2024
28-05-2024 Andreas Belderbos appointed as director Director changes
  • Andreas Belderbos, Bestuurder
Summary: v3.2
2023
24-10-2023 4 directors appointed Director changes
  • LANGE Per, Bestuurder
  • Lauwers Quinten, Bestuurder
  • Note Pieter-Jan, Bestuurder
  • Van Den Bergh Bertold, Bestuurder
Summary: v3.2
2022
11-02-2022 Incorporation of a new BV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health55Profitability0Solvency100Growth52Stability94
60 / 100

Strong profile, led by solvency.

All 5 axes are computed from data Checked has read.

Health 55
Profitability 0
Solvency 100
Growth 52
Stability 94

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 2,789 of the 16,726 companies in this sector. 345 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100Overige diensten op het gebied van informatietechnologie en computer62090Overige diensten op het gebied van informatietechnologie en computer62900
Primary activity highlighted.
Names & trade names
Legal nameNL MAHI
Registered office
Maanstraat 11
2800 Mechelen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.