MH Isolation et Immo
ActiveSummary
MH Isolation et Immo has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €16k. Equity is growing by ~40% per year across the filed fiscal years. Its solvency ranks better than 85% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+14
Solvency100▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.46 in 2024; short-term debt: 19.6% and cash: 15.1% of total assets), and 19.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
80.4%
Return on assets
16%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
12 d late
2023
25 d late
2022
24 d late
2021
16 d late
2020
19 d late
2019
90 d late
← 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
€78k▲ 24.9%
2024 · €63k
2018: €-12k
2019: €-19k
2020: €-8k
2021: €29k
2022: €51k
2023: €72k
2024: €63k
2018 → 2025
Total assets
€97k▼ 14.5%
2024 · €114k
2018: €109k
2019: €104k
2020: €149k
2021: €159k
2022: €175k
2023: €147k
2024: €114k
2018 → 2025
Net result
€16k▲ 196%
2024 · €5k
2018: €-8k
2019: €-8k
2020: €12k
2021: €37k
2022: €22k
2023: €21k
2024: €5k
2018 → 2025
Working capital
€-3k▲ 89.4%
2024 · €-24k
2018: €-21k
2019: €-38k
2020: €-43k
2021: €-19k
2022: €-28k
2023: €-11k
2024: €-24k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€29k-€51k▲ 74.6%€72k▲ 41.4%€63k▼ 12.6%€78k▲ 24.9%
Operating result€53k-€39k▼ 26.6%€37k▼ 4.9%€12k▼ 68.5%€26k▲ 123%
Net result€37k-€22k▼ 41.3%€21k▼ 3.1%€5k▼ 74.9%€16k▲ 196%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 123% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97k
Fixed assets
€81k ▼ 13.5%
Current assets
€17k ▼ 19.2%
Equity and liabilities €97k
Equity
€78k ▲ 24.9%
Debt
€19k ▼ 62.7%
Debt's share of the balance-sheet total falls from 45.0% to 19.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2024 · €25k
Cash flow
€28k▲
2024 · €18k
Current ratio
0.87▲
2024 · 0.46
Debt to equity
0.24▼
2024 · 0.82
ROE
19.9%▲
2024 · 8.4%
ROA
16.0%▲
2024 · 4.6%
Interest coverage
12.25▲
2024 · 7.31
Debt ≤ 1 year
€19k▼
2024 · €44k
Income taxes
€7k▲
2024 · €3k
Staff costs
€-497▼
2024 · €2k
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€114k€97k▼
Fixed assets21/28€93k€81k▼
Tangible fixed assets22/27€93k€81k▼
Land and buildings22€79k€74k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€11k€5k▼
Current assets29/58€20k€17k▼
Amounts receivable within one year40/41€2k€363▼
Other amounts receivable41€2k€363▼
Cash at bank and in hand54/58€16k€15k▼
Deferred charges and accrued income490/1€3k€1k▼
Equity and liabilities
Total equity and liabilities10/49€114k€97k▼
Equity10/15€63k€78k▲
Contributions10/11€12k€12k=
Reserves13€43k€58k▲
Distributable reserves133€43k€58k▲
Profit (loss) carried forward14€8k€8k▲
Amounts payable17/49€51k€19k▼
Amounts payable after more than one year17€7k-
Financial debts170/4€7k-
Amounts payable within one year42/48€44k€19k▼
Current portion of amounts payable after more than one year42€16k€7k▼
Trade debts44€13k€2k▼
Suppliers440/4€13k€2k▼
Taxes, remuneration and social security45€3k€8k▲
Taxes450/3€3k€8k▲
Other amounts payable47/48€12k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€2k€-497▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€13k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€28k€41k▲
Operating profit (loss)9901€12k€26k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€8k€23k▲
Income taxes67/77€3k€7k▲
Profit (loss) for the period9904€5k€16k▲
Profit (loss) for the period to be appropriated9905€5k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€22k€23k▲
Profit (loss) brought forward from the previous period14P€17k€8k▼
Transfer to equity691/2-€15k
To other reserves6921-€15k
Profit to be distributed694/7€14k-
Return on contributions (dividend)694€14k-
The notes to these accounts (4 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 25 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Highest result since 2018net €37k ▲219%
Operating result €53k, net result €37k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
06-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 645 days late
2019
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
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, Liège · 1 establishment unit since 2020
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.
Rue d'Elmer 14B4020 LiègeGround area
301 m²
Building footprint
86 m²
Volume, LiDAR
881 m³
Parcel 62113A0810/00P000, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MH Isolation et immo
since 20202.306.489.358
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62113A0810/00P000 | Wallonia | 301 m² | 1 · 86 m² | 11.8 m · 3 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.
Similar companies · same sector, comparable size
AR CONSTRUCT
BE 0632.914.706
Waterloo · Eq €78,043
JFMS
BE 1001.234.691
Vorst · Eq €78,100
WALECO
BE 0899.571.367
Marche-en-Famenne · Eq €78,015
RYBY
BE 0434.039.168
Anderlecht · Eq €78,163
CONKRET CONSTRUCT
BE 0783.243.326
Ninove · Eq €78,309
Of 4,271 companies in sector 43230 we hold annual accounts for 1,241. 1,043 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
Founded01-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43240Other construction installation
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.