MHCONCEPTION
ActiveSummary
MHCONCEPTION has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3k and a net result of €2k. Equity is shrinking by ~34.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+84
Solvency38▲+12
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 2198 sector peers (2025).
NBB · sector comparisonPosition among 2198 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
61 d late
2022
63 d late
2021
64 d late
2018
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€2k
2024 · €-7k
2018: €1k
2021: €3
2022: €-2k▼ -61294% vs 2021
2023: €-4k▼ -121% vs 2022
2024: €-7k▼ -49.5% vs 2023lowest value
2025: €2k▲ +135% vs 2024highest value
2018 → 2025
Working capital
€2k▲ 900%
2024 · €170
2018: €-8klowest value
2021: €25khighest value
2022: €23k▼ -7.7% vs 2021
2023: €19k▼ -18.3% vs 2022
2024: €170▼ -99.1% vs 2023
2025: €2k▲ +900% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€11k▼ 15.1%€7k▼ 39.3%€210▼ 96.9%€3k▲ 1,091%
2021: €13khighest in 5 years
2022: €11k▼ -15.1% vs 2021
2023: €7k▼ -39.3% vs 2022
2024: €210▼ -96.9% vs 2023lowest in 5 years
2025: €3k▲ +1091% vs 2024
Operating result€618-€-2k€-4k▼ 162%€-8k▼ 93.5%€2k
2021: €618
2022: €-2k▼ -366% vs 2021
2023: €-4k▼ -162% vs 2022
2024: €-8k▼ -93.5% vs 2023lowest in 5 years
2025: €2k▲ +121% vs 2024highest in 5 years
Net result€3-€-2k€-4k▼ 121%€-7k▼ 49.5%€2k
2021: €3
2022: €-2k▼ -61294% vs 2021
2023: €-4k▼ -121% vs 2022
2024: €-7k▼ -49.5% vs 2023lowest in 5 years
2025: €2k▲ +135% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €8k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19k
Fixed assets
€809 ▲ 1,888%
Current assets
€18k ▲ 2.6%
Equity and liabilities €19k
Equity
€3k ▲ 1,091%
Debt
€16k ▼ 6.0%
Debt's share of the balance-sheet total falls from 98.8% to 86.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▲
2024 · €-8k
Cash flow
€2k▲
2024 · €-7k
Current ratio
1.10▲
2024 · 1.01
Debt to equity
6.58
ROE
91.6%
ROA
12.1%▲
2024 · -37.4%
Interest coverage
28.38▲
2024 · -100.62
Debt ≤ 1 year
€16k▼
2024 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€18k€19k▲
Fixed assets21/28€41€809▲
Tangible fixed assets22/27€41€809▲
Plant, machinery and equipment23€41-
Furniture and vehicles24-€809
Current assets29/58€18k€18k▲
Amounts receivable within one year40/41€16k€15k▼
Trade receivables40€15€221▲
Other amounts receivable41€16k€15k▼
Cash at bank and in hand54/58€584€2k▲
Deferred charges and accrued income490/1€633€750▲
Equity and liabilities
Total equity and liabilities10/49€18k€19k▲
Equity10/15€210€3k▲
Contributions10/11€6k€6k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€-7k€-5k▲
Amounts payable17/49€18k€16k▼
Amounts payable within one year42/48€18k€16k▼
Trade debts44€1k€0▼
Suppliers440/4€1k€0▼
Taxes, remuneration and social security45-€335
Taxes450/3-€335
Other amounts payable47/48€16k€16k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114€125▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€-5k€3k▲
Operating profit (loss)9901€-8k€2k▲
Financial income75/76B€2k€626▼
Recurring financial income75€2k€626▼
Financial charges65/66B€82€65▼
Recurring financial charges65€82€65▼
Profit (loss) for the period before taxes9903€-7k€2k▲
Profit (loss) for the period9904€-7k€2k▲
Profit (loss) for the period to be appropriated9905€-7k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-5k▲
Profit (loss) brought forward from the previous period14P€-520€-7k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €567 | €250 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €399 | €389 | €155 | €114 | €125 | ▲ 9.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-2k | - | - | - | - |
| Other operating charges640/8 | €1k | €1k | €633 | €3k | €1k | ▼ 57.2% |
| Gross operating margin9900 | €3k | €-2k | €-4k | €-5k | €3k | ▲ 162% |
| Operating profit (loss)9901 | €618 | €-2k | €-4k | €-8k | €2k | ▲ 121% |
| Financial income75/76B | €11 | €0 | - | €2k | €626 | ▼ 64.5% |
| Recurring financial income75 | €11 | €0 | - | €2k | €626 | ▼ 64.5% |
| Financial charges65/66B | €625 | €364 | €140 | €82 | €65 | ▼ 19.8% |
| Recurring financial charges65 | €625 | €364 | €140 | €82 | €65 | ▼ 19.8% |
| Profit (loss) for the period before taxes9903 | €3 | €-2k | €-4k | €-7k | €2k | ▲ 135% |
| Profit (loss) for the period9904 | €3 | €-2k | €-4k | €-7k | €2k | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €3 | €-2k | €-4k | €-7k | €2k | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €48k | €45k | €43k | €18k | €19k | ▲ 6.9% |
| Fixed assets21/28 | €357 | €310 | €155 | €41 | €809 | ▲ 1,888% |
| Intangible fixed assets21 | €145 | - | - | - | - | - |
| Tangible fixed assets22/27 | €212 | €310 | €155 | €41 | €809 | ▲ 1,888% |
| Plant, machinery and equipment23 | €107 | €269 | €155 | €41 | - | - |
| Furniture and vehicles24 | €105 | €41 | - | - | €809 | - |
| Current assets29/58 | €48k | €44k | €43k | €18k | €18k | ▲ 2.6% |
| Amounts receivable within one year40/41 | €48k | €44k | €43k | €16k | €15k | ▼ 6.2% |
| Trade receivables40 | €24k | €15k | €19k | €15 | €221 | ▲ 1,376% |
| Other amounts receivable41 | €23k | €29k | €24k | €16k | €15k | ▼ 7.5% |
| Cash at bank and in hand54/58 | - | €66 | €175 | €584 | €2k | ▲ 235% |
| Deferred charges and accrued income490/1 | €141 | €225 | - | €633 | €750 | ▲ 18.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €48k | €45k | €43k | €18k | €19k | ▲ 6.9% |
| Equity10/15 | €13k | €11k | €7k | €210 | €3k | ▲ 1,091% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €6k | €4k | €-520 | €-7k | €-5k | ▲ 32.0% |
| Amounts payable17/49 | €35k | €33k | €36k | €18k | €16k | ▼ 6.0% |
| Amounts payable after more than one year17 | €13k | €13k | €13k | - | - | - |
| Financial debts170/4 | €13k | €13k | €13k | - | - | - |
| Amounts payable within one year42/48 | €22k | €21k | €24k | €18k | €16k | ▼ 6.0% |
| Financial debts43 | €2k | - | - | - | - | - |
| Credit institutions430/8 | €2k | - | - | - | - | - |
| Trade debts44 | €14k | €16k | €15k | €1k | €0 | ▼ 100.0% |
| Suppliers440/4 | €14k | €16k | €15k | €1k | €0 | ▼ 100.0% |
| Advances received on contracts in progress46 | €3k | €3k | €6k | - | - | - |
| Taxes, remuneration and social security45 | €3k | €1k | €2k | - | €335 | - |
| Taxes450/3 | €3k | €1k | €2k | - | €335 | - |
| Other amounts payable47/48 | - | - | €1k | €16k | €16k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3 | €-2k | €-4k | €-7k | €2k | ▲ 135% |
| + Depreciation and write-downs630 | €399 | €389 | €155 | €114 | €125 | ▲ 9.8% |
| Operating cash flow (approximation) | €403 | €-2k | €-4k | €-7k | €2k | ▲ 137% |
| Investment in fixed assets (approximation) | - | €-343 | €0 | €0 | €-893 | - |
| Change in cash | - | - | €110 | €409 | €1k | ▲ 235% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
03-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 64 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 2.14
Current ratio from 0.73 to 2.14; short-term debt falls from €31k to €22k.
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Liège · 1 establishment unit since 2017
Ground area
351 m²
Building footprint
114 m²
Volume, LiDAR
1,116 m³
Parcel 62023B0316/00G000, Wallonia · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MHCONCEPTION
since 20172.269.841.669
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62023B0316/00G000 | Wallonia | 351 m² | 1 · 114 m² | 11.3 m · 3 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 4,029 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 (pre-2019)
Founded17-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.