MH POOL
ActiveSummary
The computed 12-month bankruptcy probability of MH POOL is 6.0% (elevated). The 2025 annual accounts show negative equity (-€13,653) and a net result of -€102,752. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 9,810 sector peers (NACE 43, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 4.9 FTE
- Equity
- -€13,653
- Loss
- -€102,752
Why 33raises riskNegative equity -€13,653Loss of €102,752, the second in a row (financial year 2025)1 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 19-06-2026)Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 43, micro): better than 7% on solvency, 3% on liquidity, 4% on profitability and 3% on growth.
The bankruptcy probability was computed on 27-10-2026 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
This company filed its last 7 accounts on average 39 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Amendment of the articlesRegistered-office move · Capital ·…
- Registered officeIncorporation · Registered-office move
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €78,889 in 2025 against €270,581 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2025 Net result +64% on 2024. The accounts now follow the abbreviated format, last year the full format.
- 2022 Net result -83% on 2021. The accounts now follow the full format, last year the micro format.
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83.0% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 6.0% 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 497,445 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% | 0.9% |
| 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 74.5% 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 6,007 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €511,089 | - | €0 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | - | €379 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €111,066 | €97,041 | €110,004 | €248,391 | €190,008 | ▼ 23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,051 | €43,170 | €52,813 | €52,558 | €46,746 | €50,274 | €48,724 | ▼ 3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €48,845 | -€19,804 | -€435 | -€10,035 | €11,565 | - |
| Other operating charges640/8 | - | - | €1,831 | €864 | €6,853 | €39,238 | €11,327 | ▼ 71.1% |
| Non-recurring operating charges66A | - | - | €5,732 | - | - | - | - | - |
| Gross operating margin9900 | €192,748 | €325,003 | €409,525 | €165,354 | €211,696 | €57,287 | €182,735 | ▲ 219% |
| Operating profit (loss)9901 | €90,926 | €213,436 | €189,238 | €34,696 | €48,527 | -€270,581 | -€78,889 | ▲ 70.8% |
| Financial income75/76B | - | - | €1,711 | €1,856 | €2,534 | €4,210 | €2,225 | ▼ 47.1% |
| Recurring financial income75 | €66 | €356 | €1,711 | €1,856 | €2,534 | €4,210 | €2,225 | ▼ 47.1% |
| Financial charges65/66B | - | - | €5,702 | €4,268 | €15,167 | €17,319 | €26,088 | ▲ 50.6% |
| Recurring financial charges65 | €402 | €3,777 | €5,702 | €4,268 | €15,167 | €17,319 | €26,088 | ▲ 50.6% |
| Profit (loss) for the period before taxes9903 | €90,590 | €210,015 | €185,247 | €32,284 | €35,894 | -€283,690 | -€102,752 | ▲ 63.8% |
| Income taxes67/77 | €14,163 | €41,930 | €36,117 | €7,047 | €8,670 | €0 | - | - |
| Profit (loss) for the period9904 | €76,428 | €168,085 | €149,130 | €25,238 | €27,224 | -€283,690 | -€102,752 | ▲ 63.8% |
| Profit (loss) for the period to be appropriated9905 | €76,428 | €168,085 | €149,130 | €25,238 | €27,224 | -€283,690 | -€102,752 | ▲ 63.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €198,975 | €446,977 | €586,824 | €686,285 | €763,103 | €536,501 | €319,380 | ▼ 40.5% |
| Fixed assets21/28 | €95,537 | €100,732 | €153,184 | €115,134 | €101,787 | €110,771 | €64,124 | ▼ 42.1% |
| Intangible fixed assets21 | €3,600 | €4,808 | €2,168 | €4,717 | €5,835 | €2,355 | €1,708 | ▼ 27.5% |
| Tangible fixed assets22/27 | €91,877 | €95,864 | €150,956 | €110,356 | €95,442 | €105,416 | €59,398 | ▼ 43.7% |
| Plant, machinery and equipment23 | - | - | €16,954 | €18,939 | €24,819 | €16,720 | €8,761 | ▼ 47.6% |
| Furniture and vehicles24 | - | - | €126,430 | €90,588 | €70,173 | €88,627 | €50,636 | ▼ 42.9% |
| Leasing and similar rights25 | - | - | €6,000 | €0 | €0 | €0 | - | - |
| Other tangible fixed assets26 | - | - | €1,572 | €830 | €450 | €70 | €0 | ▼ 100% |
| Financial fixed assets28 | €60 | €60 | €60 | €60 | €510 | €3,000 | €3,018 | ▲ 0.6% |
| Current assets29/58 | €103,437 | €346,245 | €433,640 | €571,151 | €661,316 | €425,730 | €255,256 | ▼ 40.0% |
| Stocks and contracts in progress3 | €26,596 | €104,896 | €310,319 | €391,829 | €417,221 | €259,233 | €189,165 | ▼ 27.0% |
| Stocks30/36 | - | - | €310,319 | €351,829 | €352,221 | €259,233 | €189,165 | ▼ 27.0% |
| Contracts in progress37 | - | - | - | €40,000 | €65,000 | €0 | - | - |
| Amounts receivable within one year40/41 | €29,346 | €77,133 | €96,495 | €166,723 | €236,090 | €152,953 | €55,503 | ▼ 63.7% |
| Trade receivables40 | - | - | €96,344 | €141,595 | €180,559 | €88,300 | €49,696 | ▼ 43.7% |
| Other amounts receivable41 | - | - | €150 | €25,129 | €55,531 | €64,654 | €5,807 | ▼ 91.0% |
| Cash at bank and in hand54/58 | €45,538 | €158,479 | €13,512 | €504 | €790 | €1,191 | €4,497 | ▲ 278% |
| Deferred charges and accrued income490/1 | - | - | €13,314 | €12,095 | €7,216 | €12,352 | €6,090 | ▼ 50.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €198,975 | €446,977 | €586,824 | €686,285 | €763,103 | €536,501 | €319,380 | ▼ 40.5% |
| Equity10/15 | €80,713 | €247,798 | €395,927 | €370,565 | €372,789 | €89,099 | -€13,653 | - |
| Contributions10/11 | €0 | - | €5,300 | €5,300 | €5,300 | €5,300 | €5,300 | = |
| Profit (loss) carried forward14 | €75,413 | €242,498 | €390,627 | €365,265 | €367,489 | €83,799 | -€18,953 | - |
| Amounts payable17/49 | €118,262 | €199,179 | €190,897 | €315,721 | €390,314 | €447,402 | €333,033 | ▼ 25.6% |
| Amounts payable after more than one year17 | €76,969 | €77,091 | €68,128 | €66,224 | €43,180 | €67,022 | €33,951 | ▼ 49.3% |
| Financial debts170/4 | - | - | €68,128 | €66,224 | €43,180 | €67,022 | €33,951 | ▼ 49.3% |
| Amounts payable within one year42/48 | €41,293 | €122,089 | €122,769 | €248,646 | €347,134 | €380,379 | €295,946 | ▼ 22.2% |
| Current portion of amounts payable after more than one year42 | - | - | €31,806 | €42,129 | €45,927 | €30,524 | €26,071 | ▼ 14.6% |
| Financial debts43 | - | - | €50,000 | €155,060 | €194,013 | €198,261 | €155,334 | ▼ 21.7% |
| Credit institutions430/8 | - | - | €50,000 | €155,060 | €194,013 | €198,261 | €155,334 | ▼ 21.7% |
| Trade debts44 | €12,794 | €38,060 | €2,526 | €9,103 | €64,710 | €90,909 | €42,618 | ▼ 53.1% |
| Suppliers440/4 | - | - | €2,526 | €9,103 | €64,710 | €90,909 | €42,618 | ▼ 53.1% |
| Advances received on contracts in progress46 | - | - | €7,000 | €4,846 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €29,654 | €17,509 | €17,454 | €59,801 | €47,892 | ▼ 19.9% |
| Taxes450/3 | - | - | €24,471 | €12,727 | €8,797 | €11,180 | €30,280 | ▲ 171% |
| Remuneration and social security454/9 | - | - | €5,184 | €4,781 | €8,657 | €48,621 | €17,611 | ▼ 63.8% |
| Other amounts payable47/48 | - | - | €1,783 | €20,000 | €25,030 | €885 | €24,030 | ▲ 27× |
| Accrued charges and deferred income492/3 | - | - | €0 | €850 | €0 | - | €3,136 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76,428 | €168,085 | €149,130 | €25,238 | €27,224 | -€283,690 | -€102,752 | ▲ 63.8% |
| + Depreciation and write-downs630 | €63,051 | €43,170 | €52,813 | €52,558 | €46,746 | €50,274 | €48,724 | ▼ 3.1% |
| Operating cash flow (approximation) | €139,479 | €211,254 | €201,942 | €77,796 | €73,970 | -€233,416 | -€54,028 | ▲ 76.9% |
| Investment in fixed assets (approximation) | - | -€48,364 | -€105,265 | -€14,508 | -€33,400 | -€59,258 | -€2,077 | ▲ 96.5% |
| Change in cash | - | €112,941 | -€144,966 | -€13,008 | €286 | €401 | €3,306 | ▲ 724% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 19-06-2026 | 2026-00184280 |
| 31-12-2024 | full format | 25-07-2025 | 2025-00317165 |
| 31-12-2023 | full format | 24-07-2024 | 2024-00283275 |
| 31-12-2022 | full format | 30-05-2023 | 2023-00104826 |
| 31-12-2021 | micro format | 30-05-2022 | 2022-20039771 |
| 31-12-2020 | micro format | 08-06-2021 | 2021-18900270 |
| 31-12-2019 | micro format | 17-06-2020 | 2020-18100482 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 11-03-2026 Capital stated in the deed · 100 shares
Group and network
Connections & network
No directors read yet: 2 of 3 Gazette acts processed.
History
Acts, filings and financial milestones
11-03
Gazette deed
Amendment of the articlesRegistered-office move · Capital · Power of attorney8 facts ▸
- General meeting, 09-02-2026
- Registered-office move, Vlaams gewest
- Amendment of the articles, 2
- Amendment of the articles
- Capital
- Power of attorney, Georges HOUGAERTS
- Power of attorney, Joachim PEYLS
- Other provision, “stemming en afsluiting, ondergetekende notaris opgesteld op datum en plaats als hiervoor aangeduid” (deed in French)
04-03
Gazette deed
Registered officeIncorporation · Registered-office move5 facts ▸
- General meeting, 09-02-2026
- Incorporation, 06-05-2019
- Registered-office move, Kremersstraat 12, 3700 Tongeren-Borgloon
- Other provision, “traduction des statuts en néerlandais, décision prévue dans un deuxième acte dressé par le notaire soussigné” (deed in French)
- Other provision, “unanimité des résolutions” (deed in French)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0726.459.130
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73059A0202/00H000 | Flanders | 569 m² | 1 · 103 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Groothandel, productie en detailhandel, installatie van producten voor waterbehandeling, zwembaden, sauna's, hamams en jacuzzi's in…” (deed in French)
9 activities (deed in French)
- Groothandel, productie en detailhandel, installatie van producten voor waterbehandeling, zwembaden, sauna's, hamams en jacuzzi's in bouwpakketvorm of in enige andere vorm, alle werkzaamheden die verband houden met het beroep van zwembadbouwer
- Alle grondwerken, de aanleg van omheiningen en de omgeving van zwembaden, fytosanitaire behandelingen, terrassen, camargue, zonwering, de aanleg van vijvers en waterpartijen, waterbehandeling door middel van lagunering, het plaatsen van omheiningen, hekken, houten, metalen of betonnen schermen, expertise op dit gebied en de verhuur van materieel
- Alle activiteiten die verband houden met de exploitatie van een algemeen bouwbedrijf, zowel renovatie als bouw, de uitvoering van alle installatie- en loodgieterswerkzaamheden, elektriciteit, centrale verwarming, airconditioning, ventilatie, installatie van gasverwarming door individuele apparaten, sanitaire installaties, warmtepompen
- Alle activiteiten die direct of indirect verband houden met het aanleggen, ontwerpen en onderhouden van parken en tuinen, en met de verkoop van bloemen, planten, struiken en accessoires
- De aankoop en verkoop, onderhands of via openbare veiling, de ruil, de verhuur en de huur van alle onroerende en roerende goederen en rechten, de valorisatie van onroerend en roerend vermogen, evenals alle deelbare en ondeelbare rechten op dergelijke goederen en rechten. Onderhandelingen met betrekking tot de aankoop of verkoop van onroerende en roerende goederen.
- Alle activiteiten op het gebied van beheer, administratie, liquidatie, leiding en organisatie, in welke vorm dan ook, van alle vennootschappen. Zij kan lid worden van organen van de vennootschap en/of administratieve en beheersopdrachten uitvoeren. Zij kan bovendien deelnemen aan het dagelijks bestuur en/of aan elk directiecomité en, in overeenstemming met de wet en de statuten van deze vennootschappen, deze vertegenwoordigen in transacties die onder het dagelijks bestuur en/of de bevoegdheden van het directiecomité vallen.
- Zij kan alle industriële, financiële, commerciële of civiele verrichtingen uitvoeren die direct of indirect verband houden met haar doel en zich op alle mogelijke manieren interesseren voor alle vennootschappen of ondernemingen waarvan de activiteiten de verwezenlijking van haar doel kunnen bevorderen.
- Zij kan door middel van inbreng, fusie, inschrijving of op enige andere wijze belangstelling tonen voor alle zaken, ondernemingen, verenigingen of vennootschappen die een identiek, analoog of verwant doel hebben als het hare of die de ontwikkeling van haar onderneming kunnen bevorderen, haar grondstoffen kunnen verschaffen of de afzet van haar producten kunnen vergemakkelijken.
- Zij beschikt in het algemeen over de volledige rechtsbevoegdheid om alle handelingen en verrichtingen te verrichten die direct of indirect verband houden met haar doel of die direct of indirect, geheel of gedeeltelijk, de verwezenlijking van dit doel kunnen bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MH POOL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van het bestuursorgaan administratieve zetels agentschappen werkhuizen stapelplaatsen en bijkantoren in…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 12. Bestuursbevoegdheid Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering, bestuur door overblijvende bestuurder” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s) naar evenredigheid aantal bij meerdere kopers, oorspronkelijke bekendmaking” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Nieuwe aandelen waarop in geld wordt ingeschreven eerst aan bestaande aandeelhouders naar evenredigheid van aantal aandelen, inbreng in geld…” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, algemene vergadering in vormen vereist voor statutenwijziging” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen, bestuurder(s) in functie krachtens statuten indien geen…” (deed in French)