MHA +
ActiveThe computed 12-month bankruptcy probability of MHA + is 2.0% (moderate). The 2025 annual accounts show equity of €46k and a net result of €27k. Equity is growing by ~86.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 7431 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+10
Solvency80▲+7
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.53 in 2024; short-term debt: 45% and cash: 8.3% of total assets), and 45% 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.
−lowers risk+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 41
Relative position
BE, all sectors
reference
Sector 41
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
55%
Return on assets
31.9%
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 21-08-2026, 21 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 · 3 filingsDeviation from the deadline
2025
21 d late
2024
19 d late
2023
26 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€46k▲ 138%
2024 · €19k
2023: €12k
2024: €19k
2023 → 2025
Total assets
€84k▲ 107%
2024 · €41k
2023: €18k
2024: €41k
2023 → 2025
Net result
€27k▲ 284%
2024 · €7k
2023: €7k
2024: €7k
2023 → 2025
Working capital
€19k▲ 111%
2024 · €9k
2023: €12k
2024: €9k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€12k-€19k▲ 56.0%€46k▲ 138%
Operating result€10k-€9k▼ 7.2%€35k▲ 298%
Net result€7k-€7k▼ 6.6%€27k▲ 284%
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 298% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84k
Fixed assets
€27k▲ 86.6%
Current assets
€57k▲ 118%
Equity and liabilities €84k
Equity
€46k▲ 138%
Debt
€38k▲ 78.8%
The debt ratio falls from 52.2% to 45.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k▲
2024 · €10k
Cash flow
€37k▲
2024 · €8k
Solvency
55.0%▲
2024 · 47.8%
Current ratio
1.51▼
2024 · 1.53
Quick ratio
1.51▼
2024 · 1.53
Debt / equity
0.82▼
2024 · 1.09
ROE
58.0%▲
2024 · 35.9%
ROA
31.9%▲
2024 · 17.2%
Interest coverage
289.92▲
2024 · 276.09
Debt
€38k▲
2024 · €21k
Debt ≤ 1 year
€38k▲
2024 · €17k
Income taxes
€8k▲
2024 · €2k
Staff costs
€8k▼
2024 · €10k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€41k€84k▲
Fixed assets21/28€14k€27k▲
Tangible fixed assets22/27€14k€27k▲
Plant, machinery and equipment23€864€639▼
Furniture and vehicles24€14k€26k▲
Current assets29/58€26k€57k▲
Amounts receivable within one year40/41€26k€50k▲
Trade receivables40€21k€42k▲
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€24€7k▲
Deferred charges and accrued income490/1-€172
Equity and liabilities
Total equity and liabilities10/49€41k€84k▲
Equity10/15€19k€46k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€14k€41k▲
Amounts payable17/49€21k€38k▲
Amounts payable within one year42/48€17k€38k▲
Trade debts44€4k€8k▲
Suppliers440/4€4k€8k▲
Taxes, remuneration and social security45€11k€22k▲
Taxes450/3€2k€11k▲
Remuneration and social security454/9€8k€11k▲
Other amounts payable47/48€3k€7k▲
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Remuneration, social security and pensions62€10k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€8k
Other operating charges640/8€3k€4k▲
Gross operating margin9900€23k€65k▲
Operating profit (loss)9901€9k€35k▲
Financial income75/76B€2€2▼
Recurring financial income75€2€2▼
Financial charges65/66B€36€156▲
Recurring financial charges65€36€156▲
Profit (loss) for the period before taxes9903€9k€35k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€7k€27k▲
Profit (loss) for the period to be appropriated9905€7k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€41k▲
Profit (loss) brought forward from the previous period14P€7k€14k▲
The notes to these accounts (5 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
31-12
Financial
Highest result since 2023net €27k ▲284%
Operating result €35k, net result €27k, both a record.
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
31-12
Financial
Weakest financial yearnet €7k ▼6.6%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
Financial milestoneNBB 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, Halle · 1 establishment unit since 2022
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.
Bergensesteenweg 881500 HalleGround area
235 m²
Building footprint
115 m²
Volume, LiDAR
807 m³
2 parcels, Flanders · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MHA +
since 20222.338.331.686
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027F0188/00K000 | Flanders | 213 m² | 1 · 88 m² | 12.5 m · 1 fl. |
| 44032A0033/00N012 | Flanders | 22 m² | 1 · 27 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
BATTI CARS
BE 1006.983.427
Ternat · Eq €46k
BERNARD Père & Fils
BE 0742.541.730
Hannut · Eq €46k
WANDEN & KABELS
BE 0790.412.616
Mortsel · Eq €46k
GARCIA CONSTRUCT
BE 0764.720.680
Wezembeek-Oppem · Eq €46k
L & L Construct
BE 0743.802.928
Heist-op-den-Berg · Eq €46k
Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 13,016 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-11-2022
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.