MHC
ActiveSummary
MHC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €222,443. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 87% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220NACE 74142
1 site
How big
€1.6mtotal assets 2025
- Equity
- €1.4m
- Profit
- €222,443
Turnover not published (abridged schema)
Who decides
Accounts 3 d early0 of 2 deeds read
Why 88+ Lower-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 13.17 against 25.91 in 2024; short-term debt: 5% and cash: 10.1% of total assets), and 10.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
89.3%
Return on assets
14.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
22 d early
2023
7 d early
2022
on the day
2021
10 d late
2020
6 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 28 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close01-10-2026 today31-01-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2019net €222,443 ▲58.5%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €1.6mProfit €222,443Solvency 89.3%Liquidity 13.17
Total assets
€1.6m▲ 11.8%
2019 - 2025
Net result
€222,443▲ 58.5%
2019 - 2025
Equity
€1.4m▲ 9.5%
2019 - 2025
Solvency
89.3%▼ 1.9pp
2019 - 2025
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.1m▼ 41.7%€0.2m▲ 5.4%€0.1m▼ 8.5%€0.2m▲ 56.8%€0.3m▲ 39.9%
Net result€0.1mabove the sector's middle half▼ 23.9%€0.1mabove the sector's middle half▲ 14.3%€0.1mabove the sector's middle half▼ 14.3%€0.1mabove the sector's middle half▲ 36.7%€0.2mabove the sector's middle half▲ 58.5%
Equity€1.3mabove the sector's middle half▼ 1.6%€1.4mabove the sector's middle half▲ 2.2%€1.3mabove the sector's middle half▼ 2.1%€1.3mabove the sector's middle half▼ 4.7%€1.4mabove the sector's middle half▲ 9.5%
Total assets€1.5mabove the sector's middle half▲ 1.3%€1.5mabove the sector's middle half▲ 0.1%€1.5mabove the sector's middle half▲ 1.1%€1.4mabove the sector's middle half▼ 6.9%€1.6mabove the sector's middle half▲ 11.8%
Debt€0.06m▲ 217%€0.03m▼ 47.0%€0.08m▲ 145%€0.04m▼ 53.6%€0.08m▲ 124%
Working capital€1.4mabove the sector's middle half▼ 0.4%€1.5mabove the sector's middle half▲ 2.4%€1.0mabove the sector's middle half▼ 33.1%€0.9mabove the sector's middle half▼ 11.7%€1.0mabove the sector's middle half▲ 11.0%
Solvency90.2%above the sector's middle half▼ 2.6pp92.0%above the sector's middle half▲ 1.9pp89.1%above the sector's middle half▼ 2.9pp91.2%above the sector's middle half▲ 2.1pp89.3%above the sector's middle half▼ 1.9pp
Current ratio25.54above the sector's middle half▼ 56.1949.07above the sector's middle half▲ 23.5313.93above the sector's middle half▼ 35.1425.91above the sector's middle half▲ 11.9913.17above the sector's middle half▼ 12.74
Return on assets (ROA)7.1%within the sector's middle half▼ 2.3pp8.1%within the sector's middle half▲ 1.0pp6.8%within the sector's middle half▼ 1.2pp10.0%within the sector's middle half▲ 3.2pp14.3%within the sector's middle half▲ 4.2pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 40% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€530,731 ▲ 5.2%
Current assets
€1.0m ▲ 15.5%
Equity and liabilities €1.6m
Equity
€1.4m ▲ 9.5%
Provisions
€87,257 =
Debt
€79,063 ▲ 124%
Debt's share of the balance-sheet total rises from 2.5% to 5.1%. Equity and debt are higher.
Key figures and ratios
Key figures and ratios
EBITDA
€328,628▲
2024 · €232,360
Cash flow
€241,331▲
2024 · €151,327
Debt to equity
0.06▲
2024 · 0.03
ROE
16.0%▲
2024 · 11.0%
Interest coverage
395.58▲
2024 · 214.60
Debt ≤ 1 year
€78,195▲
2024 · €34,422
Income taxes
€96,143▲
2024 · €84,379
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,341 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% | 1.0% |
| 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% 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 20,134 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,711 | €4,556 | €75,861 | €11,029 | €18,888 | ▲ 71.3% |
| Other operating charges640/8 | - | €6,002 | €5,019 | €10,167 | €2,010 | ▼ 80.2% |
| Gross operating margin9900 | €164,691 | €164,911 | €222,080 | €242,527 | €330,639 | ▲ 36.3% |
| Operating profit (loss)9901 | €146,513 | €154,353 | €141,200 | €221,331 | €309,740 | ▲ 39.9% |
| Financial income75/76B | - | €17,748 | €7,868 | €4,429 | €9,676 | ▲ 118% |
| Recurring financial income75 | €5,178 | €17,748 | €7,868 | €4,429 | €9,676 | ▲ 118% |
| Financial charges65/66B | - | €43 | €205 | €1,083 | €831 | ▼ 23.3% |
| Recurring financial charges65 | €0 | €43 | €205 | €1,083 | €831 | ▼ 23.3% |
| Profit (loss) for the period before taxes9903 | €151,691 | €172,058 | €148,863 | €224,677 | €318,586 | ▲ 41.8% |
| Income taxes67/77 | €46,926 | €52,316 | €46,213 | €84,379 | €96,143 | ▲ 13.9% |
| Profit (loss) for the period9904 | €104,765 | €119,741 | €102,651 | €140,299 | €222,443 | ▲ 58.5% |
| Profit (loss) for the period to be appropriated9905 | €104,765 | €119,741 | €102,651 | €140,299 | €222,443 | ▲ 58.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.5m | €1.5m | €1.4m | €1.6m | ▲ 11.8% |
| Fixed assets21/28 | €0.006m | €0.001m | €0.5m | €0.5m | €0.5m | ▲ 5.2% |
| Tangible fixed assets22/27 | €0.006m | €0.001m | €0.5m | €0.5m | €0.5m | ▲ 5.2% |
| Land and buildings22 | - | - | €0.5m | €0.5m | €0.5m | ▼ 2.1% |
| Furniture and vehicles24 | - | €0.001m | €0.001m | €0.001m | €0.04m | ▲ 2,869% |
| Financial fixed assets28 | €19 | €19 | €19 | €19 | €19 | = |
| Current assets29/58 | €1.5m | €1.5m | €1.0m | €0.9m | €1.0m | ▲ 15.5% |
| Amounts receivable after more than one year29 | - | €0.04m | - | - | - | - |
| Other amounts receivable291 | - | €0.04m | - | - | - | - |
| Amounts receivable within one year40/41 | €0.3m | €0.3m | €0.3m | €0.07m | €0.04m | ▼ 45.2% |
| Trade receivables40 | - | €0.03m | €0.04m | €0.03m | €0.04m | ▲ 40.1% |
| Other amounts receivable41 | - | €0.2m | €0.2m | €0.04m | - | - |
| Current investments50/53 | €0.08m | €0.8m | €0.7m | €0.7m | €0.8m | ▲ 15.4% |
| Cash at bank and in hand54/58 | €1.0m | €0.3m | €0.08m | €0.1m | €0.2m | ▲ 57.7% |
| Deferred charges and accrued income490/1 | - | €0.02m | - | €0.001m | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.5m | €1.4m | €1.6m | ▲ 11.8% |
| Equity10/15 | €1.3m | €1.4m | €1.3m | €1.3m | €1.4m | ▲ 9.5% |
| Contributions10/11 | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.8m | €0.8m | €0.8m | €0.7m | €0.9m | ▲ 16.3% |
| Non-distributable reserves130/1 | - | €0.02m | €0.02m | - | - | - |
| Reserves not available under the articles1311 | - | €0.02m | €0.02m | - | - | - |
| Tax-exempt reserves132 | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | €0.8m | €0.8m | €0.7m | €0.8m | ▲ 16.7% |
| Profit (loss) carried forward14 | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Provisions and deferred taxes16 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Provisions for liabilities and charges160/5 | - | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Pensions and similar obligations160 | - | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Amounts payable17/49 | €0.06m | €0.03m | €0.08m | €0.04m | €0.08m | ▲ 124% |
| Amounts payable within one year42/48 | €0.06m | €0.03m | €0.08m | €0.03m | €0.08m | ▲ 127% |
| Trade debts44 | €268 | €357 | €434 | €339 | €0.001m | ▲ 121% |
| Suppliers440/4 | - | €357 | €434 | €339 | €0.001m | ▲ 121% |
| Taxes, remuneration and social security45 | - | €0.008m | €0.03m | €0.02m | €0.06m | ▲ 158% |
| Taxes450/3 | - | €0.008m | €0.03m | €0.02m | €0.06m | ▲ 158% |
| Other amounts payable47/48 | - | €0.02m | €0.04m | €0.01m | €0.01m | ▲ 50.6% |
| Accrued charges and deferred income492/3 | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €104,765 | €119,741 | €102,651 | €140,299 | €222,443 | ▲ 58.5% |
| + Depreciation and write-downs630 | €16,711 | €4,556 | €75,861 | €11,029 | €18,888 | ▲ 71.3% |
| Operating cash flow (approximation) | €121,476 | €124,298 | €178,512 | €151,327 | €241,331 | ▲ 59.5% |
| Investment in fixed assets (approximation) | - | €0 | -€527,494 | -€62,503 | -€45,167 | ▲ 27.7% |
| Change in cash | - | -€652,262 | -€230,572 | €14,667 | €57,456 | ▲ 292% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
Yves Van Durme
BE 0830.688.303
Gent · Eq €1,394,520
EFQM
BE 0871.740.087
Machelen (Brab.) · Eq €1,394,471
WALUTION
BE 0833.065.791
Sint-Niklaas · Eq €1,394,430
GROUP LN
BE 0847.396.849
Gent · Eq €1,395,633
Caroline.H
BE 0835.809.111
Braives · Eq €1,393,364
Of 82,687 companies in this sector we hold annual accounts for 52,635. 24,199 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
11 eventsLatest 28-01-2026Next filing 31-01-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €222,443 ▲58.5%
Operating result €309,740, net result €222,443, both a record.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 04-01-1995Year ends 30-06Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded04-01-1995
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0454116881
Also
9925:BE0454116881
Registered
13-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Nazareth-De Pinte · 1 establishment unit since 1995
Ground area
2,885 m²
Building footprint
366 m²
Volume, LiDAR
1,710 m³
Parcel 44012B0397/00P000, Flanders · tallest building 11.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MHC
since 1995unit no. 2.069.846.574
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44012B0397/00P000 | Flanders | 2,885 m² | 1 · 366 m² | 11.8 m · 1 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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