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Mhackers

Active
Private limited companyfounded 20232 yrs activeAvenue Minerve 18, 1410 Waterloo, BelgiumKBO/BCE: BE 1002.959.709
Summary

The computed 12-month bankruptcy probability of Mhackers is 1.6% (moderate). The 2024 annual accounts show equity of €54,475 and a net result of €73,975. Its solvency ranks better than 44% of 8969 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency73
Growth-
Track record67
Bankruptcy probability, 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.6; short-term debt: 51.6% and cash: 8.2% of total assets), but 51.6% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 1 filing
Deviation from the deadline
2024
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 61 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 4 December 2023, Mhackers was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€54,475
Total assets
€112,541
Net result
€73,975
Working capital
€34,608

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

Balance-sheet composition
Assets €112,541
Fixed assets €19,867
Current assets €92,674
Equity and liabilities €112,541
Equity €54,475
Debt €58,066
Debt finances 51.6% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€89,809
Cash flow
€73,976
Current ratio
1.60
Debt to equity
1.07
ROE
135.8%
ROA
65.7%
Interest coverage
388.13
Debt ≤ 1 year
€58,066
Income taxes
€16,256

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 37 lines
Balance sheet Code2024
Assets
Total assets20/58€112,541
Fixed assets21/28€19,867
Tangible fixed assets22/27€19,867
Furniture and vehicles24€1,439
Assets under construction and advance payments27€18,428
Current assets29/58€92,674
Amounts receivable within one year40/41€70,940
Trade receivables40€50,942
Other amounts receivable41€19,997
Cash at bank and in hand54/58€9,246
Deferred charges and accrued income490/1€12,488
Equity and liabilities
Total equity and liabilities10/49€112,541
Equity10/15€54,475
Contributions10/11€2,000
Profit (loss) carried forward14€52,475
Amounts payable17/49€58,066
Amounts payable within one year42/48€58,066
Trade debts44€2,822
Suppliers440/4€2,822
Taxes, remuneration and social security45€33,744
Taxes450/3€33,744
Other amounts payable47/48€21,500
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1
Other operating charges640/8€822
Gross operating margin9900€90,631
Operating profit (loss)9901€89,808
Financial income75/76B€655
Recurring financial income75€655
Financial charges65/66B€231
Recurring financial charges65€231
Profit (loss) for the period before taxes9903€90,231
Income taxes67/77€16,256
Profit (loss) for the period9904€73,975
Profit (loss) for the period to be appropriated9905€73,975
Appropriation of the result
Profit (loss) to be appropriated9906€73,975
Profit to be distributed694/7€21,500
Directors or managers695€21,500

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1
Other operating charges640/8€822
Gross operating margin9900€90,631
Operating profit (loss)9901€89,808
Financial income75/76B€655
Recurring financial income75€655
Financial charges65/66B€231
Recurring financial charges65€231
Profit (loss) for the period before taxes9903€90,231
Income taxes67/77€16,256
Profit (loss) for the period9904€73,975
Profit (loss) for the period to be appropriated9905€73,975
Line2024
Assets
Total assets20/58€112,541
Fixed assets21/28€19,867
Tangible fixed assets22/27€19,867
Furniture and vehicles24€1,439
Assets under construction and advance payments27€18,428
Current assets29/58€92,674
Amounts receivable within one year40/41€70,940
Trade receivables40€50,942
Other amounts receivable41€19,997
Cash at bank and in hand54/58€9,246
Deferred charges and accrued income490/1€12,488
Equity and liabilities
Total equity and liabilities10/49€112,541
Equity10/15€54,475
Contributions10/11€2,000
Profit (loss) carried forward14€52,475
Amounts payable17/49€58,066
Amounts payable within one year42/48€58,066
Trade debts44€2,822
Suppliers440/4€2,822
Taxes, remuneration and social security45€33,744
Taxes450/3€33,744
Other amounts payable47/48€21,500
Line2024
Profit (loss) for the period9904€73,975
+ Depreciation and write-downs630€1
Operating cash flow (approximation)€73,976

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Waterloo · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
1,096 m²
Building footprint
99 m²
Volume, LiDAR
714 m³
Parcel 25764N0829/00C000, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Mhackers
Avenue Minerve 18, 1410 WaterlooIT consultancy
since 20232.353.098.749
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25764N0829/00C000 Wallonia 1,096 m² 1 · 99 m² 8.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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

Of 808 companies in sector 73120 we hold annual accounts for 281. 197 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded04-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
73120Media representation
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID 0208:1002959709
Also 9925:BE1002959709
Registered 05-05-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.