MH SOLUTION

Active

Private limited companyfounded 20197 yrs activeRotterdamstraat 78, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0720.496.303

MH SOLUTION has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7k and a net result of €25k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 9518 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.5% (low).

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Checked score

Score 2024

56 / 100

Fair▲ +41 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency13▼-20

Growth78▲+46

Stability100

Bankruptcy probability, 12 months

1.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.64), and 84.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 82

Relative position

BE, all sectors

reference

Sector 82

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

15.1%

Return on assets

52.6%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9518 sector peers (2024).

NBB · sector comparison

Position among 9518 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

3 d early

2023

31 d late

2022

31 d late

2021

92 d late

2020

33 d late

2019

115 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€7k

2023 · €-16k

2019: €3k 2020: €321 2021: €3k 2022: €-7k 2023: €-16k

2019 → 2024

Total assets

€48k▲ 1,290%

2023 · €3k

2019: €31k 2020: €51k 2021: €36k 2022: €21k 2023: €3k

2019 → 2024

Net result

€25k

2023 · €-9k

2019: €2k 2020: €-3k 2021: €3k 2022: €-11k 2023: €-9k

2019 → 2024

Working capital

€-10k▲ 27.9%

2023 · €-14k

2019: €-6k 2020: €-19k 2021: €291 2022: €-327 2023: €-14k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€321-€3k▲ 936%€-7k€-16k▼ 122%€7k

Operating result€604-€4k▲ 591%€-10k€-8k▲ 20.2%€31k

Net result€-3k-€3k€-11k€-9k▲ 16.3%€25k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €31k after a loss of €8k in 2023, the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €48k

63.6%

36.4%

Fixed assets €30k▲ 1,376%

Current assets €17k▲ 1,161%

Equity and liabilities €48k

15.1%

84.9%

Equity €7k

Debt €40k

Debt finances 84.9% of the balance-sheet total.

Key figures and ratios

2024 value · change against 2023

EBITDA

€34k▲

2023 · €-7k

Cash flow

€29k▲

2023 · €-8k

Solvency

15.1%

Current ratio

0.64

Quick ratio

0.64

Debt / equity

5.63

ROE

349.0%

ROA

52.6%

Interest coverage

26.57▲

2023 · -9.19

Debt

€40k▲

2023 · €20k

Debt ≤ 1 year

€27k▲

2023 · €15k

Debt > 1 year

€13k▲

2023 · €5k

Income taxes

€4k▲

2023 · €19

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€3k€48k▲

Fixed assets21/28€2k€30k▲

Tangible fixed assets22/27€2k€30k▲

Furniture and vehicles24€2k€30k▲

Financial fixed assets28€350€650▲

Current assets29/58€1k€17k▲

Amounts receivable within one year40/41€594€15k▲

Trade receivables40-€15k

Other amounts receivable41€594€120▼

Cash at bank and in hand54/58€780€2k▲

Equity and liabilities

Total equity and liabilities10/49€3k€48k▲

Equity10/15€-16k€7k▲

Contributions10/11€1k€1k=

Reserves13-€6k

Distributable reserves133-€6k

Profit (loss) carried forward14€-17k-

Amounts payable17/49€20k€40k▲

Amounts payable after more than one year17€5k€13k▲

Financial debts170/4€5k€13k▲

Amounts payable within one year42/48€15k€27k▲

Current portion of amounts payable after more than one year42€5k€9k▲

Financial debts43€2k-

Credit institutions430/8€2k-

Trade debts44€1k€2k▲

Suppliers440/4€1k€2k▲

Taxes, remuneration and social security45-€10k

Taxes450/3-€10k

Remuneration and social security454/9-€256

Other amounts payable47/48€6k€7k▲

Accrued charges and deferred income492/3-€410

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€4k▲

Other operating charges640/8€348€2k▲

Gross operating margin9900€-7k€37k▲

Operating profit (loss)9901€-8k€31k▲

Financial charges65/66B€756€1k▲

Recurring financial charges65€756€1k▲

Profit (loss) for the period before taxes9903€-9k€29k▲

Income taxes67/77€19€4k▲

Profit (loss) for the period9904€-9k€25k▲

Profit (loss) for the period to be appropriated9905€-9k€25k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-17k€8k▲

Profit (loss) brought forward from the previous period14P€-8k€-17k▼

Transfer to equity691/2-€6k

To other reserves6921-€6k

Profit to be distributed694/7-€2k

Return on contributions (dividend)694-€2k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 10Financial 4Filings 6

2025

28-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €25k

Net result €25k after 2 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Weakest financial yearnet €-11k ▼454%

Net result drops to €-11k, the lowest in the series; recovery starts the following year.

31-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 92 days late

2021

31-12

Financial Back to profitnet €3k

Net result €3k after one loss-making year.

31-12

Financial Liquidity times 8current ratio 1.02

Current ratio from 0.13 to 1.02; short-term debt falls from €21k to €12k.

02-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 33 days late

2020

23-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 115 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

22-12-2025 Alain VAN LOOCK: Resigned as Manager

31-08-2021 OUHABI Hafsa: Resigned as Managing director

Location & real-estate footprint

Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 2019

establishment The establishment unit on the map

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.

Rotterdamstraat 781080 Sint-Jans-Molenbeek

Ground area

63 m²

Building footprint

58 m²