MH
Open bankruptcyA bankruptcy procedure is open for MH according to publications in the Belgian State Gazette; curator: LIES DEWAEL. The 2024 annual accounts show equity of €6k and a net result of €1k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 288 sector peers (2024).
NBB · sector comparisonPosition among 288 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
1 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€6k▲ 33.4%
2023 · €4k
2023: €4k
2023 → 2024
Total assets
€38k▼ 61.9%
2023 · €99k
2023: €99k
2023 → 2024
Net result
€1k▲ 15.5%
2023 · €1k
2023: €1k
2023 → 2024
Working capital
€6k▲ 33.4%
2023 · €4k
2023: €4k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€4k-€6k▲ 33.4%
Operating result€2k-€3k▲ 102%
Net result€1k-€1k▲ 15.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 102% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €38k
Equity
€6k▲ 33.4%
Debt
€32k▼ 66.1%
The debt ratio falls from 95.7% to 85.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
15.0%▲
2023 · 4.3%
Current ratio
1.18▲
2023 · 1.04
Quick ratio
0.48▼
2023 · 0.70
Debt / equity
5.67▼
2023 · 22.36
ROE
25.1%▼
2023 · 28.9%
ROA
3.8%▲
2023 · 1.2%
Debt
€32k▼
2023 · €94k
Debt ≤ 1 year
€32k▼
2023 · €94k
Income taxes
€671▲
2023 · €334
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€99k€38k▼
Current assets29/58€99k€38k▼
Stocks and contracts in progress3€33k€22k▼
Stocks30/36-€600
Contracts in progress37€33k€22k▼
Amounts receivable within one year40/41€65k€11k▼
Trade receivables40€65k€5k▼
Other amounts receivable41€520€6k▲
Cash at bank and in hand54/58€788€4k▲
Equity and liabilities
Total equity and liabilities10/49€99k€38k▼
Equity10/15€4k€6k▲
Contributions10/11€3k€3k=
Reserves13€1k€3k▲
Distributable reserves133€1k€3k▲
Amounts payable17/49€94k€32k▼
Amounts payable within one year42/48€94k€32k▼
Trade debts44€69k€21k▼
Suppliers440/4€69k€21k▼
Advances received on contracts in progress46€25k€5k▼
Taxes, remuneration and social security45€334€6k▲
Taxes450/3€334€6k▲
Income statement
Code20232024
Other operating charges640/8€72€3k▲
Gross operating margin9900€2k€6k▲
Operating profit (loss)9901€2k€3k▲
Financial income75/76B€90€152▲
Recurring financial income75€90€152▲
Financial charges65/66B€47€1k▲
Recurring financial charges65€47€1k▲
Profit (loss) for the period before taxes9903€2k€2k▲
Income taxes67/77€334€671▲
Profit (loss) for the period9904€1k€1k▲
Profit (loss) for the period to be appropriated9905€1k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€1k▲
Transfer to equity691/2€1k€1k▲
To other reserves6921€1k€1k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
14-01
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · MH BV RIJKSWEG 235 BUS 3, 3650 DILSEN-STOKKEM · event 08-01-2026
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
SignalNBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Dilsen-Stokkem · 1 establishment unit since 2023
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.
Rijksweg 2353650 Dilsen-StokkemGround area
1,194 m²
Building footprint
191 m²
Volume, LiDAR
1,401 m³
Parcel 73043A0138/00E002, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MH
since 20232.343.012.036
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043A0138/00E002 | Flanders | 1,194 m² | 1 · 191 m² | 11.7 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LIES DEWAEL ZOUTLEEUWSTRAAT 52, 3404 ATTEN-
HOVEN |
08-01-2026 → present |
Similar companies · same sector, comparable size
AGP2020
BE 0754.806.290
Anderlecht · Eq €6k
J & S CONCEPTS
BE 0798.494.694
Bree · Eq €6k
Double D
BE 0446.108.641
Sint-Genesius-Rode · Eq €7k
MELTEC
BE 1000.626.561
Lichtervelde · Eq €7k
H2MOBIWAL
BE 0738.795.451
Oreye · Eq €8k
Of 262 companies in sector 27110 we hold annual accounts for 173. 38 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-03-2023
Fiscal year end31-12
Activities, NACEBEL
27110Manufacture of electrical equipment
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
46140Agents in the wholesale of industrial machinery, ships and aircraft
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.