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MHN

Active
Private limited companyfounded 201510 years activeAvenue de l'Energie 25, 4432 Ans, BelgiumKBO/BCE: BE 0644.991.701
Summary

The computed 12-month bankruptcy probability of MHN is 1.7% (moderate). The 2025 annual accounts show equity of €182,370 and a net result of €41,648. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 63% of 22,078 sector peers (NACE 47, fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Retail sale of household furniture
NACE 47551Nursing and midwifery NACE 86940
1 site
Size
€372,005total assets 2025
Staff
2 FTE
Equity
€182,370
Profit
€41,648
Financial health
56 Fair Checked score 2025
Bankruptcy probability, 12 months
1.7%
Structure
Accounts 1 day early0 of 7 deeds read
Why 56- 1 change of registered office in 24 months- Liquidity: current ratio 2.66, cash €31, halved- Sector Retail trade (NACE 47)+ Founded in 2015Show the evidence

Checked score

Score 2025
56 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 60% of its sector peers (NACE 47, micro)
Financial strength · tick = 2024
Strong
Solvency 74+3
equity 49.0% of total assets
Liquidity 38+8
short-term debt 29.6% · cash 0.0%
Profitability 83+39
return on assets 11.2%
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,155 companies)
Last 24 months 11-2024: 0.9%lowest value 12-2024: 0.9%● unchanged vs 11-2024lowest value 01-2025: 1.4%▲ +0.5 percentage points vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 1.3%▼ -0.1 percentage points vs 05-2025 07-2025: 1.5%▲ +0.2 percentage points vs 06-2025 08-2025: 1.8%▲ +0.3 percentage points vs 07-2025 09-2025: 1.8%● unchanged vs 08-2025 10-2025: 1.9%▲ +0.1 percentage points vs 09-2025 11-2025: 2.5%▲ +0.6 percentage points vs 10-2025highest value 12-2025: 1.6%▼ -0.9 percentage points vs 11-2025 01-2026: 1.6%● unchanged vs 12-2025 02-2026: 1.6%● unchanged vs 01-2026 03-2026: 1.6%● unchanged vs 02-2026 04-2026: 1.5%▼ -0.1 percentage points vs 03-2026 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 1.3%▼ -0.2 percentage points vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026 08-2026: 1.6%▲ +0.2 percentage points vs 07-2026 09-2026: 1.5%▼ -0.1 percentage points vs 08-2026 10-2026: 1.7%▲ +0.2 percentage points vs 09-2026
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.66 against 1.6 in 2024; short-term debt: 29.6% and cash: 0% of total assets), but 51% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 63% on solvency, 35% on liquidity, 76% on profitability and 66% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · Liquidity: current ratio 2.66, cash €31, halved
NBB · annual accounts
lowers risk · Founded in 2015
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector Retail trade (NACE 47)
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
1 day early
2024
6 days early
2023
48 days early
2022
61 days early
2021
23 days late
2020
4 days early
2019
18 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 25 October (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Position in the running window
31-03-2026 close07-10-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Back to profitnet €41,648
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Positive: Among the best 15% on net resultsector median €5,036 · 22,057 companies €41,648 View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View
  • Total assets 20256 fiscal years filed €372,005 View

By topic

Financials

Fiscal year
2025
Total assets
€372,005
Profit
€41,648
Solvency
49.0%
Total assets▲ 7.1%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-10-2026
  1. 31-03-2024Weakest financial year
  2. 13-09-2023Annual accounts filed
  3. 31-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of household furnitureNACE 47551
Founded
30-12-2015
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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