Skip to content

MHM DEVELOPMENTS

Active
Private limited company (pre-2019)· 7 yrs active
KBO/BCE: BE 0721.989.707
Watch Print / PDF
Belgian State Gazette acts: 0 of 7 read
Age7 yrs
Real estate1 parcel · 157 m²

Summary

Conclusion

the dossier summarised in one paragraph

The KBO register records legal situation 050 for MHM DEVELOPMENTS (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show negative equity (€-12k) and a net result of €-1k.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

2 events
03-11-2025
Bankruptcy Judicial dissolution
 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · van: MHM DEVELOPMENTS BVBA- KRONENBURGSTRAAT 56, 2000 ANTWERPEN 1 · Publications in State Gazette ↗

Signals

Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
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.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2021, that is 31-07-2022.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 nothing on record not filed -
31-12-2022 31-07-2023 nothing on record not filed -
31-12-2021 31-07-2022 17-10-2022 78 d late 2022-20469186
31-12-2020 31-07-2021 08-09-2021 39 d late 2021-67000006
31-12-2019 31-07-2020 19-11-2020 111 d late 2020-71500565

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Prior bankruptcy
Earlier bankruptcy on record in the Belgian State Gazette, no current open procedure.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-1k+95.6%
Working capital€-14k-5.5%
Directors1

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
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
Show 8 other metrics
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
Depositmicro
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 (19 line items)
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
This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2021 · computed
0 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2021 and the legal situation the KBO register itself records. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
7 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
  • Hyusein Vedat
    Director
    State Gazette act 22146762 (12-12-2022)
    Current
    28-11-2022 → present
Former directors (1)
  • El Hamayda Ala'a
    Director
    State Gazette act 22146762 (12-12-2022)
    Former
    - → 28-11-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

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

Legal Structure

NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation07-03-2019
StatusActive
Postal code-
First BS signal 22-10-2025
Latest BS signal 03-11-2025

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
5 companies at this address See who is registered here
Parcels1
Ground area157 m²
Buildings1
Building footprint138 m²
Volume (LiDAR)1,950 m³
Tallest building19.0 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11811L3500/00Y000 Flanders 157 m² 1 · 138 m² 19.0 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

2 events from the State Gazette
03-11-2025
Bankruptcy Judicial dissolution
 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · van: MHM DEVELOPMENTS BVBA- KRONENBURGSTRAAT 56, 2000 ANTWERPEN 1 · Publications in State Gazette ↗
Full insolvency chronology

The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.

We hold 1 further earlier event in this file, covering 16-10-2025 to 03-11-2025.

Available in Kantoor S. See plans →

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-10-22 · Bankruptcy · Opening2025-11-03 · Bankruptcy · Judicial dissolution
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

5 acts
Capital history · 1
02-03-2023
Capital change
Address history · 2
05-01-2023
Registered-office move
10-02-2022
Registered-office move
All acts · 5 updated 3 years ago
2023
02-03-2023 All shares are now held by a single shareholder Capital & shares
05-01-2023 Registered office moved within Antwerpen Registered-office change
  • Van Kerckhovenstraat 31, 2060 Antwerpen → 2000 Antwerpen Nationalestraat 142
2022
12-12-2022 1 director appointed, 1 resigning Director changes
  • Hyusein Vedat, Bestuurder
  • El Hamayda Ala'a, Bestuurder
15-04-2022 End of the company published End of life
10-02-2022 Registered office moved to Antwerpen Registered-office change
  • Terlostraat 32 bus 1 te 2140 ANTWERPEN

Analysis

Financial profile

5 of 5 axes measured
Health0Profitability50Solvency33Growth58Stability0
28 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0
Profitability 50
Solvency 33
Growth 58
Stability 0

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameNL MHM DEVELOPMENTS
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.