MHH
ActiveSummary
MHH has been active since 2008 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags). The 2024 annual accounts show equity of €61,206 and a net result of €1,291. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability43▼-7
Solvency100=
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
short-term debt: 0.4% and cash: 14.1% of total assets, and 0.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-01-2026, 172 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
172 d late
2023
537 d late
2022
806 d late
2021
1171 d late
2019
81 d early
2018
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 429 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Strikeout withdrawn
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1,291▼ 56.9%
2023 · €2,997
Working capital
€61,206▲ 8.5%
2023 · €56,417
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192021202220232024
Operating result€2,111▼ 2.6%€14,745-€3,666▼ 75.1%€2,997▼ 18.2%€1,291▼ 56.9%
Net result€1,496▼ 31.0%€14,745within the sector's middle half--€268within the sector's middle half€2,997within the sector's middle half€1,291within the sector's middle half▼ 56.9%
Equity€27,770▲ 5.7%€57,186within the sector's middle half-€56,918within the sector's middle half▼ 0.5%€59,915within the sector's middle half▲ 5.3%€61,206within the sector's middle half▲ 2.2%
Total assets€28,769▲ 7.9%€57,840below the sector's middle half-€58,902within the sector's middle half▲ 1.8%€60,947within the sector's middle half▲ 3.5%€61,471within the sector's middle half▲ 0.9%
Debt€999▲ 154%€654-€1,984▲ 203%€1,032▼ 48.0%€265▼ 74.3%
Working capital€27,770▲ 6.8%€57,186within the sector's middle half-€49,921within the sector's middle half▼ 12.7%€56,417within the sector's middle half▲ 13.0%€61,206within the sector's middle half▲ 8.5%
Solvency96.5%▼ 2.0pp98.9%above the sector's middle half-96.6%above the sector's middle half▼ 2.2pp98.3%above the sector's middle half▲ 1.7pp99.6%above the sector's middle half▲ 1.3pp
Current ratio28.81▼ 38.4688.44above the sector's middle half-26.16above the sector's middle half▼ 62.2855.69above the sector's middle half▲ 29.53
Return on assets (ROA)5.2%▼ 2.9pp25.5%above the sector's middle half--0.5%within the sector's middle half▼ 25.9pp4.9%within the sector's middle half▲ 5.4pp2.1%within the sector's middle half▼ 2.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 57% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €61,471
Equity
€61,206 ▲ 2.2%
Debt
€265 ▼ 74.3%
Debt's share of the balance-sheet total falls from 1.7% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,789▼
2023 · €6,496
Cash flow
€4,789▼
2023 · €6,496
Quick ratio
32.71▲
2023 · 0.10
Debt to equity
0.00▼
2023 · 0.02
ROE
2.1%▼
2023 · 5.0%
Debt ≤ 1 year
€265▼
2023 · €1,032
A ratio outside any meaningful range has been withheld (balance sheet total €61,471, equity €61,206).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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%.
| 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 10,905 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
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €270 | - | €3,499 | €3,499 | €3,499 | = |
| Other operating charges640/8 | - | €173 | - | €132 | - | - |
| Gross operating margin9900 | €2,510 | €14,918 | €7,165 | €6,628 | €4,789 | ▼ 27.7% |
| Operating profit (loss)9901 | €2,111 | €14,745 | €3,666 | €2,997 | €1,291 | ▼ 56.9% |
| Profit (loss) for the period before taxes9903 | €2,111 | €14,745 | €3,666 | €2,997 | €1,291 | ▼ 56.9% |
| Income taxes67/77 | €615 | - | €3,934 | - | - | - |
| Profit (loss) for the period9904 | €1,496 | €14,745 | -€268 | €2,997 | €1,291 | ▼ 56.9% |
| Profit (loss) for the period to be appropriated9905 | €1,496 | €14,745 | -€268 | €2,997 | €1,291 | ▼ 56.9% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28,769 | €57,840 | €58,902 | €60,947 | €61,471 | ▲ 0.9% |
| Fixed assets21/28 | - | - | €6,997 | €3,499 | - | - |
| Tangible fixed assets22/27 | - | - | €6,997 | €3,499 | - | - |
| Furniture and vehicles24 | - | - | €6,997 | €3,499 | - | - |
| Current assets29/58 | €28,769 | €57,840 | €51,905 | €57,448 | €61,471 | ▲ 7.0% |
| Stocks and contracts in progress3 | €12,734 | €36,611 | €40,796 | €57,346 | €52,796 | ▼ 7.9% |
| Stocks30/36 | - | €36,611 | €40,796 | €57,346 | €52,796 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €11,103 | €2,902 | €478 | - | - | - |
| Other amounts receivable41 | - | €2,902 | €478 | - | - | - |
| Cash at bank and in hand54/58 | €4,932 | €18,327 | €10,631 | €102 | €8,675 | ▲ 8,376% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28,769 | €57,840 | €58,902 | €60,947 | €61,471 | ▲ 0.9% |
| Equity10/15 | €27,770 | €57,186 | €56,918 | €59,915 | €61,206 | ▲ 2.2% |
| Contributions10/11 | €15,800 | €15,800 | €15,800 | €15,800 | €15,800 | = |
| Capital10 | - | - | €15,800 | €15,800 | €15,800 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | €2,800 | €2,800 | €2,800 | = |
| Outside capital11 | - | €15,800 | - | - | - | - |
| Share premium1100/10 | - | €15,800 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €1,860 | - | - | - | - |
| Profit (loss) carried forward14 | €10,110 | €39,526 | €39,258 | €42,255 | €43,546 | ▲ 3.1% |
| Amounts payable17/49 | €999 | €654 | €1,984 | €1,032 | €265 | ▼ 74.3% |
| Amounts payable within one year42/48 | €999 | €654 | €1,984 | €1,032 | €265 | ▼ 74.3% |
| Trade debts44 | €999 | €654 | €678 | - | - | - |
| Suppliers440/4 | - | €654 | €678 | - | - | - |
| Taxes, remuneration and social security45 | - | - | €1,306 | €1,032 | €265 | ▼ 74.3% |
| Taxes450/3 | - | - | €1,306 | €1,032 | €265 | ▼ 74.3% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,496 | €14,745 | -€268 | €2,997 | €1,291 | ▼ 56.9% |
| + Depreciation and write-downs630 | €270 | - | €3,499 | €3,499 | €3,499 | = |
| Operating cash flow (approximation) | €1,766 | €14,745 | €3,231 | €6,496 | €4,789 | ▼ 26.3% |
| Investment in fixed assets (approximation) | - | - | - | -€0 | - | - |
| Change in cash | - | - | -€7,696 | -€10,529 | €8,573 | ▲ 181% |
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
2026
13-02
KBO administration
Strikeout withdrawn
event 19-01-2026
19-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 172 days late
19-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 537 days late
2025
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 806 days late
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1171 days late
2024
31-12
Financial
Liquidity quadruplescurrent ratio 231.79
Current ratio from 55.69 to 231.79; short-term debt falls from €1,032 to €265.
2023
31-12
Financial
Back to profitnet €2,997
Net result €2,997 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 55.69
Current ratio from 26.16 to 55.69; short-term debt falls from €1,984 to €1,032.
2022
31-12
Financial
Weakest financial yearnet -€268
Net result drops to -€268, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Highest result since 2018net €14,745 ▲886%
Operating result €14,745, net result €14,745, both a record.
31-12
Financial
Liquidity triplescurrent ratio 88.44
Current ratio from 28.81 to 88.44; short-term debt falls from €999 to €654.
2020
11-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
03-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
16-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 47 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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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, Sint-Agatha-Berchem · 1 establishment unit since 2008
Ground area
140 m²
Building footprint
140 m²
Volume, LiDAR
1,450 m³
Parcel 21003A0312/00X006, Brussels · tallest building 18.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MHH
since 20082.170.810.609
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0312/00X006 | Brussels | 140 m² | 1 · 140 m² | 18.0 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Agatha-Berchem2.170.810.609
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,662 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)
Founded21-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
Phone
0472/985 806Sint-Agatha-Berchem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0897413811
Also
9925:BE0897413811
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.