Equity
€668,021 from €1.2m in 2023
Equity fell by 43% in 2 years.
MDH Invest
Lifetime
12 annual accounts with figures on one time axispeak €766,118 (2021)
€144,962▼ 73.3%
lowest -€75,233 (2024)
€1,021▲ €76,254
peak €1.2m (2023)
€668,021▼ 39.4%
€1.9m▲ 3.6%
peak 8.9 FTE (2022)
-not published
Board1 name since 2013
1 directorMartijn D'HAENE
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €542,568 to €144,962Back to profit: €1,021Demerger: MDH Invest splits off to Het Peloton 22-07Demerger proposal: MDH INVEST splits off to HET PELOTON 27-05Equity from €1.1m to €668,021Cash from €396,732 to €251,186
Key points
from the 2025 annual accountsResult
€1,021 €1,021
Back in profit in 2025, after a loss of €75,233 in 2024.
Debts
€1.9m 74% of the balance sheet
Financial debts 66%Suppliers 0%Taxes and wages 1%Other 33%
Of this, €634,262 falls due within a year.
Liquidity
0.90 was 1.60 in 2024
Short-term debts rose from €452,672 to €634,262.
Filings
12 annual accounts since 2014
The last five annual accounts were filed 32 to 40 days before the end of the period.
Position in the sector
€668,021
More equity than 95% of companies in creative and performing arts. Sector median €42,071 · 2,488 companies.
Checked score
91
Excellent
Financially stronger than 27% of small companies in creative and performing arts (NACE 90)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 225 companies (NACE 90, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.2%▼ -0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.3%▲ +0.1 percentage points vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.7%▲ +0.3 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026highest value
10-2026: < 0.1%▼ -0.7 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Profit of €1,021 (financial year 2025)
lowers risk
Size: total assets €2.6m
Figures for financial year 2025 (filed on 29-06-2026)
Sector: Arts creation and performing arts activities (NACE 90)
Calculation
The band follows from the bankruptcy probability. 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 90, small). It does better than 29% of them on solvency, 37% on liquidity, 33% on profitability and 7% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,107 companies had the same profile as MDH Invest has now. Each dot stands for 11 companies, two years later.
98.0%
were still trading
0.9%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MDH Invest itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for MDH Invest. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.9 (1.6 in 2024), below 1. Short-term debt is 24.3% and cash 9.6% of total assets. 74.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
35 days early
2023
37 days early
2022
32 days early
2021
40 days early
2020
5 days early
2019
35 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0542962151
Demerger: MDH Invest splits off to Het Peloton
Company renamed from Het Peloton to MDH Invest · “Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met…” (deed in Dutch) · General meeting of 02-07-2025 · Gazette deed
Demerger proposal: MDH INVEST splits off to HET PELOTON
Name change: BV MDH INVEST · MDH INVEST holds all the shares · Gazette deed
Change of role: Martijn D'HAENE, from manager to statutory director
General meeting of 13-11-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MDH Invest Destelbergen | €2.6m | €144,962 | 25.6% | - |
| ROCKZONE Oudenaarde | €1.4m | €121,619 | 91.9% | 0 |
| HET ENGELS HOF Gistel | €3.2m | €98,224 | 5.6% | 0 |
| BEL AIR ARTISTS Uccle | €3.0m | €394,721 | 47.2% | - |
| Who killed Joe? Brussels | €1.1m | €97,751 | 65.6% | - |
| MANUFACTURA Forest | €0.9m | €206,273 | 64.2% | - |
| SMCPC Overijse | €0.8m | €164,331 | 82.2% | - |
These companies have the same main activity as MDH Invest: other support activities for arts and performing arts (NACE 90399). They are comparable in size and age: total assets between €792,000 and €3.2m, founded between 2008 and 2016.
Official details
Source: KBO- Status
- Active since 27-11-2013Normal situation
- Activity
- Other support activities for arts and performing artsNACE 90399
- Establishment unit
- 2.227.120.0979070 Destelbergen, since 18-12-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- ≈ €360,000estimated
- €2.6m▼ 12.4%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on MDH Invest
MDH Invest files the micro format. That format states no turnover. The gross margin rose from €77,519 in 2014 to €144,962 in 2025.
The balance sheet grew most from 2019 to 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MDH Invest
- What is the company number of MDH Invest?
- The company number of MDH Invest is 0542.962.151. The VAT number is the same number with BE in front: BE 0542.962.151.
- Where is MDH Invest based?
- The registered office is at Muizendries 13, 9070 Destelbergen.Company details
- What does MDH Invest do?
- According to the KBO register, the main activity is other support activities for arts and performing arts (NACE 90399).
- What is the legal form of MDH Invest?
- MDH Invest is a private limited company (BV).
- When was MDH Invest founded?
- MDH Invest was founded on 27-11-2013.
- Is MDH Invest still active?
- Yes, MDH Invest is an active enterprise in the KBO register.
- How many employees does MDH Invest have?
- MDH Invest had an average of 8.4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of MDH Invest?
- The turnover in financial year 2025 is ≈ €360,000. This figure is estimated from the gross margin of €144,962 and 2,207 comparable companies of the same size. It probably lies between €240,000 and €560,000. It is a rough estimate.
- Is MDH Invest profitable?
- In financial year 2025, MDH Invest made a profit of €1,021.
- Where can I find the annual accounts of MDH Invest?
- MDH Invest filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MDH Invest due?
- MDH Invest must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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