MHE Group
ActiveThe computed 12-month bankruptcy probability of MHE Group is 1.9% (moderate). The 2025 annual accounts show equity of €53k and a net result of €8k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 27559 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+4
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 4.96 against 3.84 in 2024; short-term debt: 12.2% and cash: 7.3% of total assets), and 12.2% 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 43
Relative position
BE, all sectors
reference
Sector 43
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
87.8%
Return on assets
13.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
25 d early
2024
8 d early
2023
17 d early
2022
13 d early
2021
22 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€62k
EBIT margin
37.0%
Net result
€8k▲ 63.4%
2024 · €5k
2021: €18k
2022: €2k
2023: €36
2024: €5k
2021 → 2025
Working capital
€29k▲ 94.9%
2024 · €15k
2021: €349
2022: €-118
2023: €6k
2024: €15k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€62k-
Equity€38k-€40k▲ 5.2%€40k▲ 0.1%€45k▲ 12.3%€53k▲ 17.9%
Operating result€23k-€3k▼ 86.5%€213▼ 93.2%€13k▲ 5,779%€16k▲ 24.5%
Net result€18k-€2k▼ 89.1%€36▼ 98.2%€5k▲ 13,737%€8k▲ 63.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€24k▼ 20.6%
Current assets
€37k▲ 80.5%
Equity and liabilities €61k
Equity
€53k▲ 17.9%
Debt
€7k▲ 39.5%
The debt ratio rises from 10.5% to 12.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▲
2024 · €19k
Cash flow
€14k▲
2024 · €11k
Solvency
87.8%▼
2024 · 89.5%
Current ratio
4.96▲
2024 · 3.84
Quick ratio
4.96▲
2024 · 3.84
Debt / equity
0.14▲
2024 · 0.12
ROE
15.2%▲
2024 · 10.9%
ROA
13.3%▲
2024 · 9.8%
Interest coverage
12.16▲
2024 · 8.97
Debt
€7k▲
2024 · €5k
Debt ≤ 1 year
€7k▲
2024 · €5k
Income taxes
€6k▲
2024 · €6k
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€51k€61k▲
Fixed assets21/28€30k€24k▼
Intangible fixed assets21€25k€21k▼
Tangible fixed assets22/27€5k€3k▼
Furniture and vehicles24€5k€3k▼
Current assets29/58€20k€37k▲
Amounts receivable within one year40/41€20k€32k▲
Trade receivables40€12k€16k▲
Other amounts receivable41€8k€16k▲
Cash at bank and in hand54/58€5€4k▲
Equity and liabilities
Total equity and liabilities10/49€51k€61k▲
Equity10/15€45k€53k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€25k€33k▲
Amounts payable17/49€5k€7k▲
Amounts payable within one year42/48€5k€7k▲
Trade debts44-€1k
Suppliers440/4-€1k
Taxes, remuneration and social security45€5k€6k▲
Taxes450/3€5k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€21k€26k▲
Operating profit (loss)9901€13k€16k▲
Financial income75/76B€233€626▲
Recurring financial income75€233€626▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€11k€14k▲
Income taxes67/77€6k€6k▲
Profit (loss) for the period9904€5k€8k▲
Profit (loss) for the period to be appropriated9905€5k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€33k▲
Profit (loss) brought forward from the previous period14P€20k€25k▲
The notes to these accounts (7 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €36 ▼98.2%
Net result drops to €36, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.21
Current ratio from 0.99 to 2.21; short-term debt falls from €18k to €5k.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Zele · 1 establishment unit since 2020
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.
Scoutsstraat 89240 ZeleGround area
154 m²
Building footprint
65 m²
Volume, LiDAR
71 m³
Parcel 42403D0954/00P000, Flanders · tallest building 11.0 m. Linked by address, not a title deed.
1 establishment unit
Scoutsstraat 8, 9240 Zele
since 20202.310.325.709
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42403D0954/00P000 | Flanders | 154 m² | 1 · 65 m² | 11.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 8,456 companies in sector 43120 we hold annual accounts for 3,232. 2,512 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2020
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
42110Construction of roads and motorways
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.