MH POOL
ActiveThe computed 12-month bankruptcy probability of MH POOL is 2.9% (moderate). The 2024 annual accounts show equity of €89k and a net result of €-284k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 18% of 3569 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
17
/ 100
Critical▼ -65 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-37
Solvency25▼-67
Growth52=
Stability100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.12 against 1.91 in 2023), and 83.4% 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.
+raises risk○neutral
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
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 →
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 2024Solvency, return and age of the figures
Solvency
16.6%
Return on assets
-52.9%
Age of the figures
20 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 3569 sector peers (2024).
NBB · sector comparisonPosition among 3569 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
7 d early
2022
62 d early
2021
62 d early
2020
53 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€0▼ 100%
2019 · €511k
2019: €511k
2019 → 2021
EBIT margin
17.8%
Net result
€-284k
2023 · €27k
2019: €76k
2020: €168k
2021: €149k
2022: €25k
2023: €27k
2019 → 2024
Working capital
€45k▼ 85.6%
2023 · €314k
2019: €62k
2020: €224k
2021: €311k
2022: €323k
2023: €314k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0
Equity€248k-€396k▲ 59.8%€371k▼ 6.4%€373k▲ 0.6%€89k▼ 76.1%
Operating result€213k-€189k▼ 11.3%€35k▼ 81.7%€49k▲ 39.9%€-271k
Net result€168k-€149k▼ 11.3%€25k▼ 83.1%€27k▲ 7.9%€-284k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €271k after €49k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €537k
Fixed assets
€111k▲ 8.8%
Current assets
€426k▼ 35.6%
Equity and liabilities €537k
Equity
€89k▼ 76.1%
Debt
€447k▲ 14.6%
The debt ratio rises from 51.1% to 83.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-220k▼
2023 · €95k
Cash flow
€-233k▼
2023 · €74k
Solvency
16.6%▼
2023 · 48.9%
Current ratio
1.12▼
2023 · 1.91
Quick ratio
0.44▼
2023 · 0.70
Debt / equity
5.02▲
2023 · 1.05
ROE
-318.4%▼
2023 · 7.3%
ROA
-52.9%▼
2023 · 3.6%
Interest coverage
-12.72▼
2023 · 6.28
Debt
€447k▲
2023 · €390k
Debt ≤ 1 year
€380k▲
2023 · €347k
Debt > 1 year
€67k▲
2023 · €43k
Income taxes
€0▼
2023 · €9k
Staff costs
€248k▲
2023 · €110k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€763k€537k▼
Fixed assets21/28€102k€111k▲
Intangible fixed assets21€6k€2k▼
Tangible fixed assets22/27€95k€105k▲
Plant, machinery and equipment23€25k€17k▼
Furniture and vehicles24€70k€89k▲
Leasing and similar rights25€0€0=
Other tangible fixed assets26€450€70▼
Financial fixed assets28€510€3k▲
Current assets29/58€661k€426k▼
Stocks and contracts in progress3€417k€259k▼
Stocks30/36€352k€259k▼
Contracts in progress37€65k€0▼
Amounts receivable within one year40/41€236k€153k▼
Trade receivables40€181k€88k▼
Other amounts receivable41€56k€65k▲
Cash at bank and in hand54/58€790€1k▲
Deferred charges and accrued income490/1€7k€12k▲
Equity and liabilities
Total equity and liabilities10/49€763k€537k▼
Equity10/15€373k€89k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€367k€84k▼
Amounts payable17/49€390k€447k▲
Amounts payable after more than one year17€43k€67k▲
Financial debts170/4€43k€67k▲
Amounts payable within one year42/48€347k€380k▲
Current portion of amounts payable after more than one year42€46k€31k▼
Financial debts43€194k€198k▲
Credit institutions430/8€194k€198k▲
Trade debts44€65k€91k▲
Suppliers440/4€65k€91k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€17k€60k▲
Taxes450/3€9k€11k▲
Remuneration and social security454/9€9k€49k▲
Other amounts payable47/48€25k€885▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€110k€248k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€50k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-435€-10k▼
Other operating charges640/8€7k€39k▲
Gross operating margin9900€212k€57k▼
Operating profit (loss)9901€49k€-271k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€15k€17k▲
Recurring financial charges65€15k€17k▲
Profit (loss) for the period before taxes9903€36k€-284k▼
Income taxes67/77€9k€0▼
Profit (loss) for the period9904€27k€-284k▼
Profit (loss) for the period to be appropriated9905€27k€-284k▼
Appropriation of the result
Profit (loss) to be appropriated9906€392k€84k▼
Profit (loss) brought forward from the previous period14P€365k€367k▲
Profit to be distributed694/7€25k-
Return on contributions (dividend)694€25k-
Social balance
Average headcount (FTE)90872.34.8▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-284k ▼1142%
Net result drops to €-284k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €168k ▲120%
Operating result €213k, net result €168k, both a record.
31-12
Financial
Equity above €200kEq €248k ▲207%
2 profitable years in a row build equity to €248k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro 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, Tongeren-Borgloon · 1 establishment unit since 2019
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.
Kremersstraat 123700 Tongeren-BorgloonGround area
569 m²
Building footprint
103 m²
Parcel 73059A0202/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
MH POOL
since 20192.288.802.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73059A0202/00H000 | Flanders | 569 m² | 1 · 103 m² | - |
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 15,434 companies in sector 43990 we hold annual accounts for 7,355. 6,199 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-05-2019
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.