MH ENGINEERING & MANAGEMENT
ActiveSummary
MH ENGINEERING & MANAGEMENT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110,020 and a net result of €42,037. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 17601 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
What they do
Computer consultancy and computer facilities management
NACE 62200IT consultancy NACE 62020
1 site
How big
€112,832total assets 2025
- Equity
- €110,020
- Profit
- €42,037
Turnover not published (abridged schema)
Who decides
Accounts 176 d early0 of 2 deeds read
Why 94- Limited track record- Higher-failure-rate region+ Lower-failure-rate sector+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+21
Solvency100=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 37.82 against 6.0 in 2024; short-term debt: 2.5% and cash: 66% of total assets), and 2.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.5%
Return on assets
37.3%
Age of the figures
9 mo
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 05-02-2026, 176 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
176 d early
2024
160 d early
2023
169 d early
2022
165 d early
2021
158 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 166 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · 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. Usually files around 16 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2021net €42,037 ▲514%
- Liquidity times 6current ratio 37.82
Financials
Fiscal year 2025Total assets €112,832Profit €42,037Solvency 97.5%Liquidity 37.82
Total assets
€112,832▲ 41.0%
2021 - 2025
Net result
€42,037▲ 514%
2021 - 2025
Equity
€110,020▲ 61.8%
2021 - 2025
Solvency
97.5%▲ 12.6pp
2021 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€60,538-€57,011▼ 5.8%-€21,710€7,099€57,117▲ 705%
Net result€40,768within the sector's middle half-€38,763within the sector's middle half▼ 4.9%-€22,399below the sector's middle half€6,851within the sector's middle half€42,037within the sector's middle half▲ 514%
Equity€44,768within the sector's middle half-€83,531within the sector's middle half▲ 86.6%€61,131within the sector's middle half▼ 26.8%€67,983within the sector's middle half▲ 11.2%€110,020within the sector's middle half▲ 61.8%
Total assets€59,595below the sector's middle half-€111,397within the sector's middle half▲ 86.9%€77,252within the sector's middle half▼ 30.7%€80,038within the sector's middle half▲ 3.6%€112,832within the sector's middle half▲ 41.0%
Debt€14,827-€27,867▲ 87.9%€16,120▼ 42.2%€12,056▼ 25.2%€2,812▼ 76.7%
Working capital€45,456within the sector's middle half-€74,185within the sector's middle half▲ 63.2%€52,691within the sector's middle half▼ 29.0%€60,286within the sector's middle half▲ 14.4%€103,536within the sector's middle half▲ 71.7%
Solvency75.1%within the sector's middle half-75.0%within the sector's middle half▼ 0.1pp79.1%within the sector's middle half▲ 4.1pp84.9%above the sector's middle half▲ 5.8pp97.5%above the sector's middle half▲ 12.6pp
Current ratio4.46within the sector's middle half-3.66within the sector's middle half▼ 0.804.27within the sector's middle half▲ 0.616.00above the sector's middle half▲ 1.7337.82above the sector's middle half▲ 31.82
Return on assets (ROA)68.4%above the sector's middle half-34.8%above the sector's middle half▼ 33.6pp-29.0%below the sector's middle half▼ 63.8pp8.6%within the sector's middle half▲ 37.6pp37.3%above the sector's middle half▲ 28.7pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 705% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112,832
Fixed assets
€6,484 ▼ 15.8%
Current assets
€106,348 ▲ 47.0%
Equity and liabilities €112,832
Equity
€110,020 ▲ 61.8%
Debt
€2,812 ▼ 76.7%
Debt's share of the balance-sheet total falls from 15.1% to 2.5%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€58,867▲
2024 · €8,662
Cash flow
€43,787▲
2024 · €8,414
Debt to equity
0.03▼
2024 · 0.18
ROE
38.2%▲
2024 · 10.1%
Interest coverage
56602.51▲
2024 · 81.33
Debt ≤ 1 year
€2,812▼
2024 · €12,056
Income taxes
€15,079▲
2024 · €141
Staff costs
€2,898▲
2024 · €1,906
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €674 | €1,906 | €2,898 | ▲ 52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €325 | €1,242 | €1,758 | €1,563 | €1,749 | ▲ 11.9% |
| Other operating charges640/8 | - | €1,406 | €4,156 | €1,749 | €1,298 | ▼ 25.8% |
| Gross operating margin9900 | €63,705 | €59,659 | -€15,121 | €12,316 | €63,062 | ▲ 412% |
| Operating profit (loss)9901 | €60,538 | €57,011 | -€21,710 | €7,099 | €57,117 | ▲ 705% |
| Financial charges65/66B | - | €157 | €102 | €107 | €1 | ▼ 99.0% |
| Recurring financial charges65 | €736 | €157 | €102 | €107 | €1 | ▼ 99.0% |
| Profit (loss) for the period before taxes9903 | €59,802 | €56,854 | -€21,812 | €6,992 | €57,116 | ▲ 717% |
| Income taxes67/77 | €19,034 | €18,092 | €588 | €141 | €15,079 | ▲ 10,594% |
| Profit (loss) for the period9904 | €40,768 | €38,763 | -€22,399 | €6,851 | €42,037 | ▲ 514% |
| Profit (loss) for the period to be appropriated9905 | €40,768 | €38,763 | -€22,399 | €6,851 | €42,037 | ▲ 514% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,595 | €111,397 | €77,252 | €80,038 | €112,832 | ▲ 41.0% |
| Fixed assets21/28 | €1,012 | €9,345 | €8,441 | €7,697 | €6,484 | ▼ 15.8% |
| Tangible fixed assets22/27 | €1,012 | €9,345 | €8,441 | €7,697 | €6,484 | ▼ 15.8% |
| Furniture and vehicles24 | - | €9,345 | €8,441 | €7,697 | €6,484 | ▼ 15.8% |
| Current assets29/58 | €58,584 | €102,052 | €68,811 | €72,342 | €106,348 | ▲ 47.0% |
| Amounts receivable within one year40/41 | €20,178 | €55,659 | €25,248 | €34,742 | €31,934 | ▼ 8.1% |
| Trade receivables40 | - | €52,681 | €20,122 | €25,245 | €26,132 | ▲ 3.5% |
| Other amounts receivable41 | - | €2,977 | €5,126 | €9,497 | €5,802 | ▼ 38.9% |
| Cash at bank and in hand54/58 | €38,405 | €42,246 | €43,563 | €37,600 | €74,415 | ▲ 97.9% |
| Deferred charges and accrued income490/1 | - | €4,147 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,595 | €111,397 | €77,252 | €80,038 | €112,832 | ▲ 41.0% |
| Equity10/15 | €44,768 | €83,531 | €61,131 | €67,983 | €110,020 | ▲ 61.8% |
| Contributions10/11 | - | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | €40,760 | €79,520 | €79,520 | €79,520 | €106,020 | ▲ 33.3% |
| Distributable reserves133 | - | €79,520 | €79,520 | €79,520 | €106,020 | ▲ 33.3% |
| Profit (loss) carried forward14 | €8 | €11 | -€22,389 | -€15,537 | - | - |
| Amounts payable17/49 | €14,827 | €27,867 | €16,120 | €12,056 | €2,812 | ▼ 76.7% |
| Amounts payable within one year42/48 | €13,127 | €27,867 | €16,120 | €12,056 | €2,812 | ▼ 76.7% |
| Trade debts44 | €4,505 | €6,588 | €2,510 | €7,407 | €1,481 | ▼ 80.0% |
| Suppliers440/4 | - | €6,588 | €2,510 | €7,407 | €1,481 | ▼ 80.0% |
| Taxes, remuneration and social security45 | - | €21,278 | €13,611 | €4,649 | €1,331 | ▼ 71.4% |
| Taxes450/3 | - | €18,278 | €10,611 | €1,649 | €1,331 | ▼ 19.3% |
| Remuneration and social security454/9 | - | €3,000 | €3,000 | €3,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,768 | €38,763 | -€22,399 | €6,851 | €42,037 | ▲ 514% |
| + Depreciation and write-downs630 | €325 | €1,242 | €1,758 | €1,563 | €1,749 | ▲ 11.9% |
| Operating cash flow (approximation) | €41,093 | €40,005 | -€20,641 | €8,414 | €43,787 | ▲ 420% |
| Investment in fixed assets (approximation) | - | -€9,576 | -€854 | -€819 | -€536 | ▲ 34.5% |
| Change in cash | - | €3,841 | €1,317 | -€5,963 | €36,815 | ▲ 717% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Nouméa
BE 1000.034.960
Gavere · Eq €110,021
SET POINT INTERNATIONAL
BE 0460.484.041
Anderlecht · Eq €110,022
STEconsulting
BE 1005.146.563
Halen · Eq €110,008
MGDATA
BE 0864.932.370
Lubbeek · Eq €110,003
Febe Moens
BE 0785.902.512
Lokeren · Eq €109,997
Of 29,996 companies in this sector we hold annual accounts for 18,400. 15,540 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
10 eventsLatest 05-02-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €42,037 ▲514%
Net result €42,037, the highest in the series.
31-12
Financial
Liquidity times 6current ratio 37.82
Current ratio from 6.00 to 37.82; short-term debt falls from €12,056 to €2,812.
31-12
Financial
Equity above €100,000Eq €110,020 ▲61.8%
2 profitable years in a row build equity to €110,020.
21-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6,851
Net result €6,851 after one loss-making year.
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€22,399
Net result drops to -€22,399, the lowest in the series; recovery starts the following year.
16-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Support & recognitions
1 register with a recognitionLEI issued
LEI
active
875500U1F92G8GUNSZ54
Recognitions · licences · registrations
Legal Entity Identifier
875500U1F92G8GUNSZ54
Company details
Private limited company · founded 23-11-2020Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded23-11-2020
Fiscal year end31-12
Abbreviation FR
MHEM
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68110Buying and selling of own real estate
70200Business and other management consultancy
73300Public relations and communication consultancy
74999Other professional, scientific and technical activities
Contact
E-mail
mathieu.herpers@gmail.comChâtelet
Phone
+32473854961Châtelet
E-invoicing
Reachable via Peppol
Peppol ID
0208:0758668771
Also
9925:BE0758668771
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Châtelet · 1 establishment unit since 2020
Ground area
712 m²
Building footprint
106 m²
Volume, LiDAR
964 m³
Parcel 52012B0244/00E003, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MH ENGINEERING & MANAGEMENT
since 2020unit no. 2.310.726.575
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52012B0244/00E003 | Wallonia | 712 m² | 1 · 106 m² | 12.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.