MH FINANCES
ActiveSummary
MH FINANCES has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €413k and a net result of €111k. Equity is growing by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-10
Solvency83▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.22 against 2.34 in 2024; short-term debt: 31.9% and cash: 56.9% of total assets), and 42% of the assets are financed with debt.
Credit check for your own amount and term
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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
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
58%
Return on assets
15.5%
Age of the figures
9 mo
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
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
129 d early
2023
22 d early
2022
72 d early
2021
31 d early
2020
76 d early
2019
3 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€413k▲ 11.9%
2024 · €369k
2019: €143k
2020: €174k
2021: €214k
2022: €219k
2023: €297k
2024: €369k
2019 → 2025
Total assets
€712k▲ 10.6%
2024 · €644k
2019: €318k
2020: €359k
2021: €369k
2022: €419k
2023: €466k
2024: €644k
2019 → 2025
Net result
€111k▼ 13.3%
2024 · €128k
2019: €40k
2020: €32k
2021: €40k
2022: €59k
2023: €77k
2024: €128k
2019 → 2025
Working capital
€277k▲ 11.3%
2024 · €248k
2019: €62k
2020: €98k
2021: €139k
2022: €136k
2023: €202k
2024: €248k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€214k-€219k▲ 2.6%€297k▲ 35.2%€369k▲ 24.5%€413k▲ 11.9%
Operating result€57k-€85k▲ 49.3%€112k▲ 32.1%€234k▲ 108%€213k▼ 9.1%
Net result€40k-€59k▲ 46.6%€77k▲ 30.8%€128k▲ 65.0%€111k▼ 13.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €712k
Fixed assets
€208k ▼ 1.1%
Current assets
€504k ▲ 16.2%
Equity and liabilities €712k
Equity
€413k ▲ 11.9%
Debt
€299k ▲ 8.8%
Debt's share of the balance-sheet total falls from 42.7% to 42.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€219k▼
2024 · €242k
Cash flow
€117k▼
2024 · €136k
Current ratio
2.22▼
2024 · 2.34
Debt to equity
0.72▼
2024 · 0.74
ROE
26.8%▼
2024 · 34.5%
ROA
15.5%▼
2024 · 19.8%
Interest coverage
3.96▼
2024 · 4.51
Debt ≤ 1 year
€227k▲
2024 · €185k
Debt > 1 year
€72k▼
2024 · €90k
Income taxes
€50k▼
2024 · €61k
Staff costs
€49k▲
2024 · €47k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€644k€712k▲
Fixed assets21/28€210k€208k▼
Intangible fixed assets21€9k€7k▼
Tangible fixed assets22/27€198k€196k▼
Furniture and vehicles24€3k€792▼
Other tangible fixed assets26€195k€196k▲
Financial fixed assets28€3k€5k▲
Current assets29/58€434k€504k▲
Amounts receivable within one year40/41€72k€28k▼
Trade receivables40€25k€27k▲
Other amounts receivable41€47k€1k▼
Current investments50/53€54k€63k▲
Cash at bank and in hand54/58€303k€405k▲
Deferred charges and accrued income490/1€5k€8k▲
Equity and liabilities
Total equity and liabilities10/49€644k€712k▲
Equity10/15€369k€413k▲
Contributions10/11€12k€100▼
Reserves13€357k€413k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€357k€413k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€275k€299k▲
Amounts payable after more than one year17€90k€72k▼
Financial debts170/4€90k€72k▼
Amounts payable within one year42/48€185k€227k▲
Current portion of amounts payable after more than one year42€23k€18k▼
Financial debts43€50k€50k=
Credit institutions430/8€50k€50k=
Trade debts44€24k€14k▼
Suppliers440/4€24k€14k▼
Taxes, remuneration and social security45€32k€62k▲
Taxes450/3€27k€53k▲
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€56k€83k▲
Accrued charges and deferred income492/3€0€56▲
Income statement
Code20242025
Remuneration, social security and pensions62€47k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€6k€3k▼
Non-recurring operating charges66A€591€0▼
Gross operating margin9900€296k€271k▼
Operating profit (loss)9901€234k€213k▼
Financial income75/76B€8k€3k▼
Recurring financial income75€8k€3k▼
Financial charges65/66B€54k€55k▲
Recurring financial charges65€54k€55k▲
Profit (loss) for the period before taxes9903€189k€161k▼
Income taxes67/77€61k€50k▼
Profit (loss) for the period9904€128k€111k▼
Profit (loss) for the period to be appropriated9905€128k€111k▼
Appropriation of the result
Profit (loss) to be appropriated9906€128k€111k▼
Profit (loss) brought forward from the previous period14P€284€0▼
Transfer from equity791/2€55k€55k▼
Transfer to equity691/2€128k€111k▼
To other reserves6921€128k€111k▼
Profit to be distributed694/7€55k€55k▼
Return on contributions (dividend)694€55k€55k▼
The notes to these accounts (17 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
2026
15-09
State Gazette act
Incorporation · Founder
Capital · Other statement
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €128k ▲65%
Operating result €234k, net result €128k, both a record.
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
20-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Equity above €200kEq €214k ▲22.7%
3 profitable years in a row build equity to €214k.
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €32k ▼20.7%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
30-06
Financial
Equity above €150kEq €174k ▲21.5%
2 profitable years in a row build equity to €174k.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
31-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 96 days late
2017
02-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 2010
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.
Louizalaan 651050 BrusselGround area
1,683 m²
Building footprint
2,433 m²
Volume, LiDAR
61,492 m³
Parcel 21807G0007/00R000, Brussels · tallest building 35.6 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
M.H. FINANCES
since 20102.186.926.069
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0007/00R000 | Brussels | 1,683 m² | 1 · 2,433 m² | 35.6 m · 9 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
2549002PD6FVOPK9CV62
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MADAFISC
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ALVIDAM BOEKHOUDKANTOOR
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,730 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2010
Fiscal year end31-12
Abbreviation FR
MHF
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.