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MHM DEVELOPMENTS

Active
Private limited company (pre-2019)· 7 yrs active
BE 0721.989.707
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Turnover
EBIT margin
Net result€-1k+95.6%
Working capital€-14k-5.5%
Directors1
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Annual accounts & ratios

Source: NBB · 2021
Annual accounts filed on 17-10-2022 with the NBB · fiscal year 2021 · micro
€-30k€-20k€-10k€0Operating result 2019: €-14k€-14kNet result 2019: €-14k€-14kOperating result 2020: €-14k€-14kNet result 2020: €-28k€-28kOperating result 2021: €-1k€-1kNet result 2021: €-1k€-1k201920202021
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts — not a forecast, the extended trend.
declining Equity: declining trend of ~36.8%/year over 3 fiscal years — indicative, assuming unchanged policy.
€-30k€-20k€-10k€02022: €-16k (€-17k – €-15k)2023: €-20k (€-21k – €-19k)2024: €-24k (€-25k – €-23k)2019: €-4k2020: €-11k2021: €-12k201920202021202220232024
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil–Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€-429
+96.7% 19–21
Net profit
€-1k
+95.6% 19–21
Cash flow
€-430
+98.4% 19–21
Total assets
€3k
-18.4% 19–21
Equity
€-12k
-11.2% 19–21
Working capital
€-14k
-5.5% 19–21
Employees (FTE)
1
19–21
Debt
€15k
+4.1% 19–21
Debt ≤ 1y
€15k
+6.2% 19–21
Current ratio
0.07
+10.2% 19–21
Quick ratio
0.07
+10.2% 19–21
Solvency
-433.1%
-36.3% 19–21
Debt / equity
-1.23
19–21
ROE
10.0%
-96.0% 19–21
ROA
-43.5%
+94.6% 19–21
Interest coverage
-285.79
19–21
Figures by fiscal year
Fiscal year2021
Revenue
EBITDA€-429
Net profit€-1k
Cash flow€-430
Staff costs
Income taxes
Dividends
Total assets€3k
Equity€-12k
Debt€15k
of which ≤ 1y€15k
of which > 1y
Working capital€-14k
Employees (FTE)
Ratios (computed)
2021
Current ratio0.07
Quick ratio0.07
Working capital ratio-494.8%
Solvency-433.1%
Debt / equity-1.23
Long-term debt ratio
Interest coverage-285.79
Gross margin
Net margin
ROA-43.5%
ROE10.0%
EBITDA margin
Days sales outstanding
Days payable outstanding
Inventory turnover
Days inventory (DSI)
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet — Assets
TOTAL ASSETS 20/58€3k
Fixed assets 21/28€2k
Tangible fixed assets 22/27€2k
Current assets 29/58€1k
Amounts receivable within one year 40/41€750
Cash & bank 54/58€329
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3k
Equity 10/15€-12k
Contributions / capital 10/11€17k
Accumulated profits (losses) 14€-29k
Amounts payable 17/49€15k
Amounts payable within one year 42/48€15k
Trade debts payable within one year 44€385
Income statement
Gross operating margin 9900€-429
Operating result 9901€-1k
Financial charges 65€2
Result before taxes 9903€-1k
Net result for the period 9904€-1k
Result to be appropriated 9905€-1k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2021 · computed
15 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.