Debts
€16,485 87% of the balance sheet
Suppliers 0%Taxes and wages 2%Other 98%
MHCONCEPTION
Lifetime
6 annual accounts with figures on one time axispeak €14,092 (2018)
€3,186▲ €8,298
lowest -€6,643 (2024)
€2,294▲ €8,937
peak €13,303 (2021)
€2,504▲ 12×
€16,485▼ 6.0%
Board1 name since 2017
1 directorHENNING Martin Claire Charles
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from -€5,112 to €3,186Back to profit: €2,294Equity from €210 to €2,504Investments €893Cash from €584 to €1,955
Key points
from the 2025 annual accountsInvestments
€893 7.1 × depreciation
Green is investment, beige is depreciation.
Position in the sector
€2,504
Less equity than 88% of companies in construction of buildings. Sector median €194,387 · 2,818 companies.
2025 accounts filed 31 days after the deadline
Checked score
54
Fair
Financially stronger than 50% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.7%
01-2025: 5.7%● unchanged vs 12-2024
02-2025: 5.7%● unchanged vs 01-2025
03-2025: 5.7%● unchanged vs 02-2025
04-2025: 5.7%● unchanged vs 03-2025
05-2025: 5.6%▼ -0.1 percentage points vs 04-2025
06-2025: 5.3%▼ -0.3 percentage points vs 05-2025
07-2025: 5.3%● unchanged vs 06-2025
08-2025: 5.9%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 4.2%▼ -1.7 percentage points vs 08-2025
10-2025: 4.2%● unchanged vs 09-2025
11-2025: 4.2%● unchanged vs 10-2025
12-2025: 3.9%▼ -0.3 percentage points vs 11-2025
01-2026: 3.9%● unchanged vs 12-2025
02-2026: 3.9%● unchanged vs 01-2026
03-2026: 3.7%▼ -0.2 percentage points vs 02-2026
04-2026: 3.7%● unchanged vs 03-2026
05-2026: 3.7%● unchanged vs 04-2026
06-2026: 3.5%▼ -0.2 percentage points vs 05-2026
07-2026: 3.5%● unchanged vs 06-2026
08-2026: 4.1%▲ +0.6 percentage points vs 07-2026
09-2026: 2.2%▼ -1.9 percentage points vs 08-2026lowest value
10-2026: 2.2%● unchanged vs 09-2026lowest value
11-2026: 2.2%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
Equity €2,504 (13.2% of total assets)
Founded in 2017
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 21% of them on solvency, 13% on liquidity, 67% on profitability and 99% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as MHCONCEPTION has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MHCONCEPTION itself: 2.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for MHCONCEPTION. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 2818 sector peers (2025).
NBB · sector comparisonPosition among 2818 sector peers
Solvency
better than 21%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 6 filingsDeviation from the deadline
2025
31 days late
2024
29 days late
2023
61 days late
2022
63 days late
2021
64 days late
2018
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 41 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 October (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- HENNING Martin Claire Charles founderdeed of 19-10-2017
- MATIVA Lucie Dominique Marie founderdeed of 19-10-2017
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0682993133
Incorporation
Founders: HENNING Martin Claire Charles and MATIVA Lucie Dominique Marie · Founding capital of €18,600, €6,200 paid up · Appointment: HENNING Martin Claire Charles (manager) · published on 19-10-2017 · Gazette deed
First establishment
Rue d'Embourg 15, Liège
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MHCONCEPTION Liège | €18,990 | €3,186 | 13.2% | - |
| ENERGY-BEST Anderlecht | €18,158 | €3,717 | 56.1% | - |
| MTL Construct Rendeux | €16,136 | €3,377 | 56.1% | - |
| MDworx Waregem | €19,230 | €2,325 | 81.3% | - |
| DIFORTE RENOVATION Colfontaine | €14,895 | €3,990 | -27.3% | - |
| S&B WILLEMS Laakdal | €17,676 | €2,351 | 59.2% | - |
| Mike Construct Quévy | €17,636 | €2,619 | 28.3% | - |
These companies have the same main activity as MHCONCEPTION: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €14,900 and €19,200, founded between 2016 and 2020.
Official details
Source: KBO- Status
- Active since 17-10-2017Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.269.841.6694032 Liège, since 17-10-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 19-02-2026
Insights on MHCONCEPTION
MHCONCEPTION files the abbreviated format. That format states no turnover. The gross margin fell from €14,092 in 2018 to €3,186 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MHCONCEPTION
- What is the company number of MHCONCEPTION?
- The company number of MHCONCEPTION is 0682.993.133. The VAT number is the same number with BE in front: BE 0682.993.133.
- Where is MHCONCEPTION based?
- The registered office is at Rue d'Embourg 15, 4032 Liège.Company details
- What does MHCONCEPTION do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of MHCONCEPTION?
- MHCONCEPTION is a private limited company (pre-2019) (BVBA).
- When was MHCONCEPTION founded?
- MHCONCEPTION was founded on 17-10-2017.
- Is MHCONCEPTION still active?
- Yes, MHCONCEPTION is an active enterprise in the KBO register.
- What is the turnover of MHCONCEPTION?
- The turnover in financial year 2025 is ≈ €38,000. This figure is estimated from the gross margin of €3,186 and 74 comparable companies (NACE 41001). It probably lies between €19,000 and €77,000. It is a rough estimate. In financial year 2018 turnover was €0.Financials
- Is MHCONCEPTION profitable?
- In financial year 2025, MHCONCEPTION made a profit of €2,294.
- Where can I find the annual accounts of MHCONCEPTION?
- MHCONCEPTION filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MHCONCEPTION due?
- MHCONCEPTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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