MH CONSTRUCT (0831.993.942): financials and annual accounts

Annual accounts 2025

micro format, filed on 12-06-2026, 49 days before the deadline

€319,700

▼ 24.7%

€8,185

▼ 19.8%

€9,772

▼ 18.6%

€3,469

▼ 50.0%

51.1%

▲ 3.5 percentage points

2.00

▲ 0.11

Money flows

of every €100 of turnover, €0.59 remains as profit in 2025

Balance sheet

balance sheet total €155,918 on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

51.1%

Higher than 55% of 35,136 companies in 2025.

2.00

Higher than 55% of 34,510 companies in 2025.

1.2%

Higher than 29% of 34,711 companies in 2025.

MH CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Staff

€17,763

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 1 person joined and nobody left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Balance sheet: assets
`20/58`	155,918	163,291	139,705	157,295	105,177	64,551	74,950	83,010	81,856	69,548	33,213	32,229	41,600	113,509	83,771
`20`	0	0	0	0	0	0	0	0	0	0	30	203	375	548	720
`21/28`	3,091	1,487	3,277	5,351	4,401	1,537	471	866	75	75	105	7,849	18,919	29,695	41,191
`22/27`	3,016	1,412	3,202	5,276	4,326	1,462	396	791	0	0	0	7,646	18,544	29,147	40,471
`23`	0	0	0	0	0	0	0	0	0	0	0	513	1,515	2,183	2,350
`24`	3,016	1,412	3,202	5,276	4,326	1,462	396	791	0	0	0	7,133	17,029	26,964	38,121
`28`	75	75	75	75	75	75	75	75	75	75	75	-	-	-	-
`29/58`	152,827	161,804	136,428	151,944	100,776	63,014	74,480	82,144	81,781	69,473	33,108	24,380	22,680	83,815	42,579
`3`	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8,000
`37`	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8,000
`40/41`	150,730	157,460	134,913	148,098	94,736	60,023	68,890	62,333	72,598	66,949	31,058	20,518	15,299	67,847	16,891
`40`	148,794	140,310	110,117	73,307	31,763	10,440	5,735	-	18,989	15,815	4,275	8,576	1,378	61,912	3,712
`41`	1,936	17,150	24,796	74,791	62,973	49,582	63,155	62,333	53,609	51,134	26,783	11,943	13,921	5,935	13,179
`54/58`	1,547	4,174	226	3,672	5,878	2,822	5,590	19,811	9,183	2,524	2,040	2,683	6,923	12,512	17,399
`490/1`	550	171	1,290	174	163	169	-	-	-	0	11	1,179	458	3,456	289
Balance sheet: equity and liabilities
`10/49`	155,918	163,291	139,705	157,295	105,177	64,551	74,950	83,010	81,856	69,548	33,213	32,229	41,600	113,509	83,771
`10/15`	79,695	77,812	72,669	69,721	58,243	42,597	53,325	54,883	40,800	32,855	6,183	-18,187	-31,204	31,000	26,905
`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`100`	-	-	-	-	-	0	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	0	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
`11`	-	-	-	-	-	6,200	-	-	-	-	-	-	-	-	-
`1100/10`	-	-	-	-	-	6,200	-	-	-	-	-	-	-	-	-
`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`130/1`	-	-	0	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	0	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	-	-	0	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-
`133`	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
`14`	71,635	69,752	64,609	61,661	50,183	34,537	45,265	46,823	32,740	24,795	-1,877	-26,247	-39,264	22,940	18,845
`17/49`	76,223	85,479	67,036	87,573	46,934	21,954	21,626	28,127	41,056	36,692	27,030	50,415	72,804	82,510	56,866
`17`	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,551
`170/4`	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,551
`42/48`	76,223	85,479	67,036	87,573	46,334	21,954	21,626	28,127	41,056	36,692	27,030	50,415	72,804	82,510	54,315
`42`	-	-	-	-	-	-	-	-	-	-	-	0	5,916	2,551	2,449
`43`	0	10,332	3,411	9,998	6,513	9,724	11,010	12,479	9,986	7,420	9,993	9,986	10,000	5,186	-
`430/8`	0	10,332	3,411	9,998	6,513	9,724	11,010	12,479	9,986	7,420	9,993	9,986	10,000	5,186	-
`44`	30,756	71,985	51,525	48,383	19,286	9,808	3,157	5,456	5,576	10,445	13,758	22,817	45,990	69,370	26,537
`440/4`	30,756	71,985	51,525	48,383	19,286	9,808	3,157	5,456	5,576	10,445	13,758	22,817	45,990	69,370	26,537
`46`	-	-	0	19,113	19,113	-	-	-	-	0	694	1,768	-	0	1,721
`45`	10,879	1,861	12,100	10,079	1,423	2,422	7,459	10,132	10,493	3,827	2,585	11,707	10,898	5,246	12,597
`450/3`	7,083	1,861	7,100	5,719	1,023	22	6,659	9,332	6,243	1,427	1,138	11,707	466	60	7,780
`454/9`	3,796	0	5,000	4,360	400	2,400	800	800	4,250	2,400	1,447	0	10,432	5,186	4,818
`47/48`	34,588	1,300	0	-	-	-	-	60	15,000	15,000	0	4,137	0	157	11,011
`492/3`	-	0	-	0	600	-	-	-	-	-	-	-	-	-	-
Income statement
`70`	319,700	424,614	344,187	432,618	223,361	141,842	148,041	190,505	261,960	253,501	203,546	169,702	421,336	475,927	166,597
`76A`	-	-	-	-	-	-	-	-	-	-	3,150	-	-	5,476	-
`9900`	34,937	52,878	20,715	22,209	19,305	-9,247	9,441	25,918	39,310	50,787	28,143	52,268	17,891	77,980	60,373
`60/61`	287,745	379,828	327,855	415,035	209,464	151,390	143,617	171,441	229,678	208,596	175,402	117,434	403,445	397,947	119,455
`62`	17,763	40,118	10,878	-	-	-	-	-	-	906	121	18,080	64,098	63,613	19,191
`630`	1,586	1,790	2,074	1,788	645	107	395	395	-	30	969	11,070	11,566	11,303	2,881
`631/4`	-	-	-	-	-	-	-	-	4,175	-	-	-	-	-	-
`640/8`	7,402	760	720	2,320	314	924	789	28	859	11	958	964	1,552	1,364	289
`66A`	-	-	-	-	-	-	7,500	-	-	-	-	161	-	-	-
`9901`	8,185	10,210	7,043	18,100	18,345	-10,278	756	25,495	34,276	49,840	26,095	22,154	-59,325	1,701	38,013
`75/76B`	0	0	22	1	9	0	2	0	3	1	2	-	12	222	101
`75`	0	0	22	1	9	0	2	0	3	1	2	-	12	222	101
`65/66B`	4,342	3,205	2,382	1,926	1,686	2,333	2,317	2,296	1,489	6,771	4,878	8,975	2,608	1,870	228
`65`	4,342	3,205	2,382	1,926	1,686	2,333	2,317	2,296	1,489	6,771	4,878	8,975	2,608	1,870	228
`9903`	3,844	7,005	4,683	16,175	16,668	-12,610	-1,558	23,199	32,790	43,070	24,369	13,018	-61,922	5,529	37,885
`67/77`	1,961	1,861	1,736	4,696	1,023	-1,883	-	4,116	4,846	1,397	-	0	282	1,434	7,180
`9904`	1,883	5,144	2,947	11,479	15,646	-10,728	-1,558	19,083	27,944	41,673	24,369	13,018	-62,204	4,095	30,705
`9905`	1,883	5,144	2,947	11,479	15,646	-10,728	-1,558	19,083	27,944	41,673	24,369	13,018	-62,204	4,095	30,705
Appropriation of the result
`9906`	71,635	69,752	64,609	61,661	50,183	34,537	45,265	51,823	52,740	39,795	-1,877	-26,247	-39,264	22,940	30,705
`14P`	69,752	64,609	61,661	50,183	34,537	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
`694/7`	-	-	-	-	-	-	-	5,000	20,000	15,000	-	-	-	-	10,000
`695`	-	-	-	-	-	-	-	5,000	20,000	15,000	-	-	-	-	10,000
Social balance sheet
`9087`	1	1	0.3	-	-	-	-	-	-	-	-	0	1	1	0.6
Hours worked`1013`	318	1,726	584	-	-	-	-	-	-	-	-	-	1,338	2,488	676
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 12-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	12-06-2026	2026-00157183	PDF
31-12-2024	micro format	19-06-2025	2025-00182954	PDF
31-12-2023	micro format	05-06-2024	2024-00115445	PDF
31-12-2022	micro format	09-06-2023	2023-00116528	PDF
31-12-2021	micro format	10-06-2022	2022-20064350	PDF
31-12-2020	micro format	08-06-2021	2021-18600054	PDF
31-12-2019	micro format	29-06-2020	2020-25200348	PDF
31-12-2018	full format	08-07-2019	2019-30300360	PDF
31-12-2017	full format	31-08-2018	2018-57000055	PDF
31-12-2016	full format	06-06-2017	2017-15300245	PDF
31-12-2015	full format	22-08-2016	2016-48300067	PDF
31-12-2014	full format	16-09-2015	2015-59200111	PDF
31-12-2013	full format	10-12-2014	2014-69100100	PDF
31-12-2012	full format	18-09-2013	2013-58900041	PDF
31-12-2011	full format	11-07-2012	2012-28600008	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
9,772	12,000	9,117	19,888	18,991	-10,171	1,152	25,890	-	49,870	27,065	33,224	-47,759	13,004	40,894
3,469	6,933	5,021	13,267	16,291	-10,621	-1,163	19,479	-	41,703	25,338	24,088	-50,638	15,398	33,586
3,190	0	0	2,738	3,509	1,173	0	1,186	-	0	75	0	791	3,973	43,172
-2,628	3,948	-3,446	-2,206	3,055	-2,767	-14,221	10,628	6,659	484	-643	-4,241	-5,589	-4,887	-
76,604	76,325	69,392	64,371	54,442	41,060	52,854	54,017	40,725	32,780	6,078	-26,036	-50,124	1,305	-11,736
2.6%	2.4%	2.0%	4.2%	8.2%	-7.2%	0.5%	13.4%	13.1%	19.7%	12.8%	13.1%	-14.1%	0.4%	22.8%
51.1%	47.7%	52.0%	44.3%	55.4%	66.0%	71.1%	66.1%	49.8%	47.2%	18.6%	-56.4%	-75.0%	27.3%	32.1%
2.00	1.89	2.04	1.74	2.17	2.87	3.44	2.92	1.99	1.89	1.22	0.48	0.31	1.02	0.78
2.00	1.89	2.04	1.74	2.17	2.87	3.44	2.92	1.99	1.89	1.22	0.48	0.31	1.02	0.64
0.96	1.10	0.92	1.26	0.81	0.52	0.41	0.51	1.01	1.12	4.37	-	-	2.66	2.11
2.4%	6.6%	4.1%	16.5%	26.9%	-25.2%	-2.9%	34.8%	68.5%	126.8%	394.2%	-	-	13.2%	114.1%
1.2%	3.1%	2.1%	7.3%	14.9%	-16.6%	-2.1%	23.0%	34.1%	59.9%	73.4%	40.4%	-149.5%	3.6%	36.7%
2.25	3.74	3.83	10.32	11.26	-	-	-	-	-	-	-	-	-	-
170 days	121 days	117 days	62 days	52 days	27 days	14 days	119 days	26 days	23 days	8 days	18 days	1 day	47 days	8 days
39 days	69 days	57 days	43 days	34 days	24 days	8 days	12 days	9 days	18 days	29 days	71 days	42 days	64 days	81 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023
Employees at the balance-sheet date	1	1	1
full-time	1	1	1
part-time	0	-	0
in full-time equivalents	1	1	1
	1	1	0.3
On a permanent contract	1	1	1
Joined	1	-	1
Left	0	-	0

Source: social balance sheet in the 2023 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€3,190	-	-	€2,738	€3,509
	€1,586	€1,790	€2,074	€1,788	€645

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MH CONSTRUCT

The operating result for 2025 is 20% lower than in 2024.

Debt's share of the balance-sheet total falls from 52.3% to 48.9%. Equity is higher and debt is lower.

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency51.1%

Current ratio2.00

Return on assets1.2%

Staff

Staff cost per FTE€17,763

Joined and left+1 person

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on MH CONSTRUCT

Next steps

in euro

in euro

51.1%

2.00

1.2%

€17,763

+1 person