Financials
- Financial year
- 2024
- Total assets
- €30,299
- Profit
- €1,750
- Solvency
- 22.3%
MH FINANCE
ActiveSummary
The computed 12-month bankruptcy probability of MH FINANCE is 14.5% (high). The 2024 annual accounts show equity of €6,750 and a net result of €1,750. The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activity not known1 site
Size
€30,299total assets 2024
- Equity
- €6,750
- Profit
- €1,750
Turnover not published (micro format)
Structure
Accounts filed 64 days late1 of 2 deeds read
Why 28raises risk1 change of registered office in 24 monthsNo main activity registered1 financial year not filed after the legal deadline; latest accounts 64 days late; 1 of the last 3 lateFigures for financial year 2024 (filed 03-10-2025)Show the evidence
Checked score
Score 2024
28
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 33% of its sector peers (no NACE code, micro)
Financial strength
Average
Solvency
47
equity 22.3% of total assets
Liquidity
18
short-term debt 62.2% · cash 0.5%
Profitability
76
return on assets 5.8%
Bankruptcy probability, 12 months
14.5%
High
0%0.5%1.5%4%10%≥ 25%
About 1 in 7 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2025: 2.4%lowest value
05-2025: 2.5%▲ +0.1 percentage points vs 04-2025
06-2025: 2.5%● unchanged vs 05-2025
07-2025: 3.1%▲ +0.6 percentage points vs 06-2025
08-2025: 3.1%● unchanged vs 07-2025
09-2025: 3.4%▲ +0.3 percentage points vs 08-2025
10-2025: 3.6%▲ +0.2 percentage points vs 09-2025
11-2025: 4.3%▲ +0.7 percentage points vs 10-2025
12-2025: 4.3%● unchanged vs 11-2025
01-2026: 4.2%▼ -0.1 percentage points vs 12-2025
02-2026: 4.2%● unchanged vs 01-2026
03-2026: 7.4%▲ +3.2 percentage points vs 02-2026
04-2026: 8.8%▲ +1.4 percentage points vs 03-2026
05-2026: 9.4%▲ +0.6 percentage points vs 04-2026
06-2026: 10.2%▲ +0.8 percentage points vs 05-2026
07-2026: 10.3%▲ +0.1 percentage points vs 06-2026
08-2026: 10.8%▲ +0.5 percentage points vs 07-2026
09-2026: 10.9%▲ +0.1 percentage points vs 08-2026
10-2026: 14.5%▲ +3.6 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.28, below the usual 1.5; short-term debt: 62.2% and cash: 0.5% of total assets), and 77.7% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 29% on solvency, 12% on liquidity and 58% on profitability.
The bankruptcy probability was computed on 12-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises riskneutral
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-10-2025, 64 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2024
64 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2024 accounts 64 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Registered officeRegistered-office move · Director in…
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2025
Company details
- Sites
- 1
- Legal form
- Private limited company
- Founded
- 15-03-2024
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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