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MHM DEVELOPMENTS

Bankruptcy closed
Private limited company (pre-2019)founded 2019KBO/BCE: BE 0721.989.707
Summary

MHM DEVELOPMENTS was declared bankrupt on 16-10-2025 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); according to the publications in the Belgian State Gazette the procedure is no longer open (latest notice 03-11-2025). The 2021 annual accounts show negative equity (-€12,193) and a net result of -€1,224.

MHM DEVELOPMENTSBankruptcy closed

Are you a creditor?

Open bankruptcy Source: KBO register

The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.

The procedure

The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Bankruptcy closed
The Belgian State Gazette published the closure of the bankruptcy. The latest notice is dated 03-11-2025. The KBO register has not yet processed that closure. The register usually follows the Staatsblad later, so the newer publication in the Staatsblad prevails.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 17-10-2022, 78 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 · 3 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
78 d late
2020
39 d late
2019
111 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 76 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 publications
Publications
Address struck

History

On 7 March 2019, MHM DEVELOPMENTS was incorporated.1 Total assets went from EUR 6,268 in 2019 to EUR 2,815 in 2021.2 The company was declared bankrupt on 16 October 2025.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2021
  3. 3Belgian State Gazette, 22-10-2025

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2021, micro schema

Equity
-€12,193▼ 11.2%
2020 · -€10,969
Total assets
€2,815▼ 18.4%
2020 · €3,451
Net result
-€1,224▲ 91.2%
2020 · -€13,897
Working capital
-€13,929▼ 5.5%
2020 · -€13,207
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line201920202021
Operating result-€13,802--€13,895▼ 0.7%-€1,222▲ 91.2%
Net result-€13,802--€13,897▼ 0.7%-€1,224▲ 91.2%
Equity-€4,117--€10,969▼ 166%-€12,193▼ 11.2%
Total assets€6,268-€3,451▼ 44.9%€2,815▼ 18.4%
Debt€10,384-€14,420▲ 38.9%€15,008▲ 4.1%
Working capital-€7,148--€13,207▼ 84.8%-€13,929▼ 5.5%
Staff (FTE)0.6-
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2019: -€13,802-€13,802Net result 2019: -€13,802-€13,802Operating result 2020: -€13,895-€13,895Net result 2020: -€13,897-€13,897Operating result 2021: -€1,222-€1,222Net result 2021: -€1,224-€1,224201920202021-€15,000-€10,000-€5,000€0Operating result 2019: -€13,802-€13,800Net result 2019: -€13,802-€13,800Operating result 2020: -€13,895-€13,900Net result 2020: -€13,897-€13,900Operating result 2021: -€1,222-€1,220Net result 2021: -€1,224-€1,220201920202021
The operating result stays negative: a loss of €1,222 in 2021 against €13,895 in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2,815
Fixed assets €1,736 ▼ 31.4%
Current assets €1,079 ▲ 17.1%
Key figures and ratios
2021 value · change against 2020
EBITDA
-€429▲
2020 · -€13,102
Cash flow
-€430▲
2020 · -€13,104
Interest coverage
-285.79
Debt ≤ 1 year
€15,008▲
2020 · €14,128
Ratios withheld: a balance sheet total of €2,815 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 27 lines
Balance sheet Code20202021
Assets
Total assets20/58€3,451€2,815▼
Fixed assets21/28€2,530€1,736▼
Tangible fixed assets22/27€2,530€1,736▼
Plant, machinery and equipment23-€1,736
Current assets29/58€921€1,079▲
Amounts receivable within one year40/41€750€750=
Other amounts receivable41-€750
Cash at bank and in hand54/58€172€329▲
Equity and liabilities
Total equity and liabilities10/49€3,451€2,815▼
Equity10/15-€10,969-€12,193▼
Contributions10/11-€16,730
Profit (loss) carried forward14-€27,699-€28,923▼
Amounts payable17/49€14,420€15,008▲
Amounts payable within one year42/48€14,128€15,008▲
Trade debts44€363€385▲
Suppliers440/4-€385
Other amounts payable47/48-€14,623
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€794€794=
Gross operating margin9900-€12,602-€429▲
Operating profit (loss)9901-€13,895-€1,222▲
Financial charges65/66B-€2
Recurring financial charges65€2€2▼
Profit (loss) for the period before taxes9903-€13,897-€1,224▲
Profit (loss) for the period9904-€13,897-€1,224▲
Profit (loss) for the period to be appropriated9905-€13,897-€1,224▲
Appropriation of the result
Profit (loss) to be appropriated9906--€28,923
Profit (loss) brought forward from the previous period14P--€27,699

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€645€794€794=
Gross operating margin9900-€4,337-€12,602-€429▲ 96.6%
Operating profit (loss)9901-€13,802-€13,895-€1,222▲ 91.2%
Financial charges65/66B--€2-
Recurring financial charges65-€2€2▼ 30.2%
Profit (loss) for the period before taxes9903-€13,802-€13,897-€1,224▲ 91.2%
Profit (loss) for the period9904-€13,802-€13,897-€1,224▲ 91.2%
Profit (loss) for the period to be appropriated9905-€13,802-€13,897-€1,224▲ 91.2%
Line201920202021Change
Assets
Total assets20/58€6,268€3,451€2,815▼ 18.4%
Fixed assets21/28€3,323€2,530€1,736▼ 31.4%
Tangible fixed assets22/27€3,323€2,530€1,736▼ 31.4%
Plant, machinery and equipment23--€1,736-
Current assets29/58€2,944€921€1,079▲ 17.1%
Amounts receivable within one year40/41€2,858€750€750=
Other amounts receivable41--€750-
Cash at bank and in hand54/58€12€172€329▲ 91.9%
Equity and liabilities
Total equity and liabilities10/49€6,268€3,451€2,815▼ 18.4%
Equity10/15-€4,117-€10,969-€12,193▼ 11.2%
Contributions10/11€9,685-€16,730-
Profit (loss) carried forward14-€13,802-€27,699-€28,923▼ 4.4%
Amounts payable17/49€10,384€14,420€15,008▲ 4.1%
Amounts payable within one year42/48€10,093€14,128€15,008▲ 6.2%
Trade debts44-€363€385▲ 6.0%
Suppliers440/4--€385-
Other amounts payable47/48--€14,623-
Line201920202021Change
Profit (loss) for the period9904-€13,802-€13,897-€1,224▲ 91.2%
+ Depreciation and write-downs630€645€794€794=
Operating cash flow (approximation)-€13,157-€13,104-€430▲ 96.7%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€160€158▼ 1.5%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
03-11
Bankruptcy Judicial dissolution and immediate closure
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen
22-10
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 16-10-2025
2024
08-03
KBO administration Address struck
Kronenburgstraat 56 L’adresse du siège Kronenburgstraat 56 2000 Die Sitzadresse Kronenburgstraat 56 2000 2000 Antwerpen is doorgehaald met ingang Anvers · event 10-01-2024
2022
17-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
08-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 39 days late
2020
31-12
Financial Weakest financial yearnet -€13,897
Net result drops to -€13,897, the lowest in the series.
19-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts

We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
7 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, Antwerpen
exact location from the address register On OpenStreetMap
Ground area
157 m²
Building footprint
138 m²
Volume, LiDAR
1,950 m³
Parcel 11811L3500/00Y000, Flanders · tallest building 19.0 m, ±4 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11811L3500/00Y000 Flanders 157 m² 1 · 138 m² 19.0 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.

Insolvency mandates

1 mandate
Role Name Tenure
Curator KRISTIN VERHAEGEN
DESGUINLEI 100, 2018 ANTWERPEN 1
16-10-2025 → present

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded07-03-2019
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.