MHO DESIGN
ActiveSummary
MHO DESIGN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €13k and a net result of €2k. Equity is growing by ~46.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 2465 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability72▲+2
Solvency48▲+9
Growth85=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.67 in 2023; short-term debt: 42.7% and cash: 31.7% of total assets), but 77% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
23%
Return on assets
2.9%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
34 d early
2022
32 d early
2021
33 d early
2020
2 d early
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€110k▲ 35.4%
2018 · €81k
2018: €81k
2018 → 2019
EBIT margin
8.7%▲ 15.2pp
2018 · -6.6%
2018: -6.6%
2018 → 2019
Net result
€2k▲ 111%
2023 · €755
2018: €-7k
2019: €9k
2020: €-10k
2021: €7k
2022: €19k
2023: €755
2018 → 2024
Working capital
€14k▼ 36.4%
2023 · €21k
2018: €-10k
2019: €10k
2020: €10k
2021: €24k
2022: €39k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-16k-€-9k▲ 45.5%€10k€11k▲ 7.4%€13k▲ 14.6%
Operating result€-10k-€8k€21k▲ 183%€2k▼ 91.4%€5k▲ 170%
Net result€-10k-€7k€19k▲ 159%€755▼ 96.0%€2k▲ 111%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 170% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54k
Fixed assets
€18k ▼ 23.4%
Current assets
€37k ▼ 30.8%
Equity and liabilities €54k
Equity
€13k ▲ 14.6%
Debt
€42k ▼ 35.8%
Debt's share of the balance-sheet total falls from 85.6% to 77.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10k▲
2023 · €4k
Cash flow
€7k▲
2023 · €3k
Current ratio
1.58▼
2023 · 1.67
Quick ratio
1.09▼
2023 · 1.30
Debt to equity
3.34▼
2023 · 5.96
ROE
12.7%▲
2023 · 6.9%
ROA
2.9%▲
2023 · 1.0%
Interest coverage
73.14▲
2023 · 44.15
Debt ≤ 1 year
€23k▼
2023 · €32k
Debt > 1 year
€19k▼
2023 · €33k
Income taxes
€3k▲
2023 · €1k
Staff costs
€7k▼
2023 · €18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€76k€54k▼
Fixed assets21/28€23k€18k▼
Tangible fixed assets22/27€23k€17k▼
Furniture and vehicles24€23k€17k▼
Financial fixed assets28€257€257=
Current assets29/58€53k€37k▼
Stocks and contracts in progress3€12k€11k▼
Stocks30/36€12k€11k▼
Amounts receivable within one year40/41€14k€7k▼
Trade receivables40€12k€1k▼
Other amounts receivable41€2k€5k▲
Cash at bank and in hand54/58€26k€17k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€76k€54k▼
Equity10/15€11k€13k▲
Contributions10/11€12k€12k=
Outside capital11-€12k
Other1109/19-€12k
Reserves13€133€133=
Distributable reserves133€133€133=
Profit (loss) carried forward14€-2k€-16▲
Amounts payable17/49€65k€42k▼
Amounts payable after more than one year17€33k€19k▼
Financial debts170/4€33k€19k▼
Amounts payable within one year42/48€32k€23k▼
Trade debts44€17k€8k▼
Suppliers440/4€17k€8k▼
Advances received on contracts in progress46€3k€501▼
Taxes, remuneration and social security45€10k€9k▼
Taxes450/3€6k€9k▲
Remuneration and social security454/9€4k-
Other amounts payable47/48€1k€5k▲
Income statement
Code20232024
Non-recurring operating income76A€1k-
Remuneration, social security and pensions62€18k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€5k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€8k
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€4k-
Gross operating margin9900€28k€26k▼
Operating profit (loss)9901€2k€5k▲
Financial income75/76B€238€0▼
Recurring financial income75€238€0▼
Financial charges65/66B€96€142▲
Recurring financial charges65€96€142▲
Profit (loss) for the period before taxes9903€2k€5k▲
Income taxes67/77€1k€3k▲
Profit (loss) for the period9904€755€2k▲
Profit (loss) for the period to be appropriated9905€755€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€-16▲
Profit (loss) brought forward from the previous period14P€-2k€-2k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €19k ▲159%
Operating result €21k, net result €19k, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-10k ▼217%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.66
Current ratio from 0.56 to 1.66; short-term debt falls from €23k to €15k.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
Show earlier events
2018
09-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waterloo · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Bruxelles 4321410 WaterlooGround area
510 m²
Building footprint
61 m²
Volume, LiDAR
583 m³
Parcel 25110A0429/00A000, Wallonia · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Pano Boutique
since 20132.217.128.604
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110A0429/00A000 | Wallonia | 510 m² | 1 · 61 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Golphin Music
BE 0740.579.558
Verviers · Eq €12,500
Al Jazeera Brussels
BE 0803.055.179
Brussel · Eq €12,671
Aerosol Kings
BE 0744.861.515
Antwerpen · Eq €12,284
VENTIVE
BE 0730.895.691
Wevelgem · Eq €12,249
SINGULA
BE 0752.888.165
Vorst · Eq €13,133
Of 6,653 companies in sector 90111 we hold annual accounts for 384. 268 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
90111Literary creation
73110Advertising agencies
90120Visual arts creation
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.