MH DESIGN
ActiveMH DESIGN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 73% of 11323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-50
Solvency96▲+29
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 4.92 against 1.74 in 2024; short-term debt: 20% and cash: 3.4% of total assets), and 29.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.8%
Return on assets
-5.7%
Age of the figures
18 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 09-10-2025, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
34 d early
2023
5 d early
2022
13 d early
2021
10 d early
2020
38 d early
2019
34 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close23-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€40k▼ 7.5%
2024 · €43k
2019: €45k
2020: €38k
2021: €40k
2022: €36k
2023: €43k
2024: €43k
2019 → 2025
Total assets
€57k▼ 44.7%
2024 · €102k
2019: €106k
2020: €94k
2021: €87k
2022: €71k
2023: €107k
2024: €102k
2019 → 2025
Net result
€-3k▼ 2,162%
2024 · €-143
2019: €3k
2020: €-7k
2021: €2k
2022: €-4k
2023: €7k
2024: €-143
2019 → 2025
Working capital
€44k▲ 72.5%
2024 · €26k
2019: €57k
2020: €45k
2021: €40k
2022: €41k
2023: €22k
2024: €26k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€36k▼ 9.3%€43k▲ 19.9%€43k▼ 0.3%€40k▼ 7.5%
Operating result€-2k-€-5k▼ 173%€7k€2k▼ 69.4%€-2k
Net result€2k-€-4k€7k€-143€-3k▼ 2,162%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €2k after €2k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €57k
Fixed assets
€782▼ 98.1%
Current assets
€56k▼ 8.2%
Equity and liabilities €57k
Equity
€40k▼ 7.5%
Debt
€17k▼ 72.0%
The debt ratio falls from 57.7% to 29.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €15k
Cash flow
€-3k▼
2024 · €13k
Solvency
70.8%▲
2024 · 42.3%
Current ratio
4.92▲
2024 · 1.74
Quick ratio
4.92▲
2024 · 1.74
Debt / equity
0.41▼
2024 · 1.36
ROE
-8.1%▼
2024 · -0.3%
ROA
-5.7%▼
2024 · -0.1%
Interest coverage
-0.72▼
2024 · 5.18
Debt
€17k▼
2024 · €59k
Debt ≤ 1 year
€11k▼
2024 · €35k
Debt > 1 year
€0▼
2024 · €19k
Income taxes
€182▼
2024 · €186
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€102k€57k▼
Fixed assets21/28€41k€782▼
Tangible fixed assets22/27€41k€782▼
Plant, machinery and equipment23€1k€782▼
Furniture and vehicles24€40k€0▼
Current assets29/58€61k€56k▼
Amounts receivable within one year40/41€45k€36k▼
Trade receivables40€12k€5k▼
Other amounts receivable41€33k€31k▼
Current investments50/53€14k€14k▼
Cash at bank and in hand54/58€746€2k▲
Deferred charges and accrued income490/1€700€3k▲
Equity and liabilities
Total equity and liabilities10/49€102k€57k▼
Equity10/15€43k€40k▼
Contributions10/11€19k€19k=
Reserves13€25k€25k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-143€-3k▼
Amounts payable17/49€59k€17k▼
Amounts payable after more than one year17€19k€0▼
Financial debts170/4€19k€0▼
Amounts payable within one year42/48€35k€11k▼
Current portion of amounts payable after more than one year42€15k€0▼
Financial debts43€11k€10k▼
Credit institutions430/8€11k€10k▼
Trade debts44€9k€1k▼
Suppliers440/4€9k€1k▼
Taxes, remuneration and social security45€186€336▲
Taxes450/3€186€336▲
Accrued charges and deferred income492/3€5k€5k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€365▼
Other operating charges640/8€862€617▼
Non-recurring operating charges66A-€9k
Gross operating margin9900€16k€7k▼
Operating profit (loss)9901€2k€-2k▼
Financial income75/76B€824€2k▲
Recurring financial income75€824€2k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€43€-3k▼
Income taxes67/77€186€182▼
Profit (loss) for the period9904€-143€-3k▼
Profit (loss) for the period to be appropriated9905€-143€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-143€-3k▼
Profit (loss) brought forward from the previous period14P€0€-143▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 4.92
Current ratio from 1.74 to 4.92; short-term debt falls from €35k to €11k.
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Weakest financial yearnet €-7k ▼330%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
05-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
27-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Meerhout · 1 establishment unit since 2003
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.
Volmolenweg 142450 MeerhoutGround area
772 m²
Building footprint
107 m²
Volume, LiDAR
669 m³
Parcel 13021B0098/00K000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MH Design BVBA
since 20032.132.405.537
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13021B0098/00K000 | Flanders | 771 m² | 1 · 107 m² | 8.3 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
89450095HZF65FORQW07
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Of 1,746 companies in sector 46720 we hold annual accounts for 1,084. 475 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-06-2003
Fiscal year end31-03
Activities, NACEBEL
45310
46720Wholesale of motor vehicle parts and accessories
50301
64200Holdings
64210Activities of holding companies
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.