MHS CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MHS CONSTRUCT is 3.9% (moderate). The 2025 annual accounts show equity of €1,946 and a net result of -€3,054. Its solvency ranks better than 17% of 34,747 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €1,946
- Loss
- -€3,054
Why 47raises riskFounded in 20241 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 03-07-2026)Size: total assets €14,183Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro): better than 16% on solvency, 5% on liquidity and 24% on profitability.
The bankruptcy probability was computed on 27-10-2026 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
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- IncorporationAppointment: CAPTARI, Mircea (director) ·…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Peer companies
Historical observationOf the 1,207 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 90.2% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,207 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,141 |
| Other operating charges640/8 | €2,700 |
| Gross operating margin9900 | €7,868 |
| Operating profit (loss)9901 | -€2,973 |
| Financial income75/76B | €62 |
| Recurring financial income75 | €62 |
| Financial charges65/66B | €142 |
| Recurring financial charges65 | €142 |
| Profit (loss) for the period before taxes9903 | -€3,054 |
| Profit (loss) for the period9904 | -€3,054 |
| Profit (loss) for the period to be appropriated9905 | -€3,054 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €14,183 | |
| Fixed assets21/28 | €13,081 | |
| Tangible fixed assets22/27 | €13,081 | |
| Plant, machinery and equipment23 | €843 | |
| Furniture and vehicles24 | €12,238 | |
| Current assets29/58 | €1,101 | |
| Amounts receivable within one year40/41 | €657 | |
| Other amounts receivable41 | €657 | |
| Cash at bank and in hand54/58 | €445 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €14,183 | |
| Equity10/15 | €1,946 | |
| Contributions10/11 | €5,000 | |
| Profit (loss) carried forward14 | -€3,054 | |
| Amounts payable17/49 | €12,236 | |
| Amounts payable within one year42/48 | €12,236 | |
| Trade debts44 | €2,115 | |
| Suppliers440/4 | €2,115 | |
| Advances received on contracts in progress46 | €4,350 | |
| Taxes, remuneration and social security45 | €2,000 | |
| Remuneration and social security454/9 | €2,000 | |
| Other amounts payable47/48 | €3,772 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€3,054 |
| + Depreciation and write-downs630 | €8,141 |
| Operating cash flow (approximation) | €5,087 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 03-07-2026 | 2026-00278600 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CAPTARI, Mircea |
|
Owners and capital
Capital and shareholders
- CAPTARI, Mircea 100 shares (100%) · €5,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 04-07-2024 Incorporation · €5,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-01
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 20-12-2024
- Registered-office move, Avenue Brigade Piron,48 à 1080 Bruxelles
04-07
Gazette deed
IncorporationAppointment: CAPTARI, Mircea (director) · Registered office clause · Board rule7 facts ▸
- Registered office clause, “1080 Molenbeek-Saint-Jean, Rue Reimond Stijns 111/0001” (deed in French)
- Director appointment, CAPTARI, Mircea (director (not named in the articles))
- Board rule, 1
- Pre-incorporation commitments, “takeover, tous les engagements ainsi que obligations qui en résultent, et toutes activités entreprises au nom et pour compte de la société en formation” (deed in French)
- Incorporation, “MHS CONSTRUCT” (deed in French)
- Founder, CAPTARI, Mircea
- Founding capital, €5,000
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1011.073.560
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21524C0284/00M003 | Brussels | 212 m² | 1 · 65 m² | 17.3 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’entreprise générale de construction de bâtiments pour le gros-œuvre et la maçonnerie, et de manière générale, l’étude et la réalisation de…” (deed in French)
18 activities (deed in French)
- L’entreprise générale de construction de bâtiments pour le gros-œuvre et la maçonnerie, et de manière générale, l’étude et la réalisation de tous travaux de construction, transformation et démolition de tous types d’immeubles ou de parties d’immeubles, en qualité d’entrepreneur général ou en sous-traitance ;
- L’entreprise de travaux d’étanchéification et revêtement de constructions en vitrage, en carrelage, en plafonnage, en cimentage, en menuiserie et charpenterie, de travaux de restauration et rejointoiement, de travaux de couvertures de construction et terrassement ;
- La pose de crépi ;
- La plomberie ;
- Toutes activités relatives à l’électricité ;
- Toutes activités relatives aux installations de chauffage ;
- Toutes activités relatives à la peinture ;
- Toutes activités relatives aux toitures ains qu’à l’isolation de tous bâtiments ;
- L’entreprise de tous travaux d’achèvement et de finition d’immeubles ;
- L’entreprise de travaux de chapes, de plâtrerie et de tous travaux d’isolation ;
- Le commerce en gros et de détail de matériaux de construction ;
- Tous travaux d'entreprise générale de menuiserie et ébénisterie, menuiserie extérieure et intérieure, châssis, mobilier, décoration, stands, cuisines équipées, placards, entreprise de transformation et de restauration de meubles, par elle-même, ou par sous-traitance, ainsi que le commerce de tous matériaux servant à la menuiserie en général ;
- L'achat, la vente, la production, la fabrication, la construction, l'assemblage, la confection, la manufacture, le parachèvement, le façonnage, la transformation, le montage, l'installation, la pose, le placement, la réparation, l'entretien, la location, la représentation, et le commerce sous toutes leurs formes, y compris, l'importation et l'exportation, en gros ou en détail, de tous produits, appareils, matériels, articles, matériaux (aluminium, bois, PVC,…), ouvrages, travaux, outils, machines, instruments, et fournitures généralement quelconques en toutes matières, ainsi qu'à tous services et prestations, tout parachèvement relatif aux châssis, volets et verrières ;
- La pose de vitres, de glaces, de miroiterie, de vitraux et de toutes autres matières translucides et transparentes ;
- Le montage et le démontage d’échafaudages et de plates-formes de travail, le nettoyage de chantiers et la coordination générale sur chantiers ;
- Toutes prestations de service telles que l’activité d’intermédiaire et de conseil dans les domaines précités, le conseil en management, le bureau d’étude, l’immobilier, la gestion du bâtiment et la gestion d’immeuble (acquisition, location, construction, etc.) sans toutefois que cette activité ne tombe dans le champ d’application de la loi organisant la profession d’agent immobilier, ainsi que toutes prestations administratives ;
- Toutes opérations immobilières, et notamment l’achat, l’échange, la vente de terrains et immeubles, leur prise en location, leur mise à disposition de tiers en vertu de tous contrats à titre onéreux ou à titre gratuit, l’acquisition de leur jouissance, leur exploitation et leur mise en valeur sous quelque forme que ce soit, le lotissement, la mise en copropriété, la division horizontale ou verticale, la gestion, l’entretien, la réparation, la construction, la promotion, la restauration, les activités de gestion, coordination et suivi de chantiers, la location et le financement de tous immeubles, l’acquisition et la vente de tous droits immobiliers ;
- La prise de participation, sous quelque forme que ce soit, dans toute société ou entreprise, belge ou étrangère, la société peut notamment participer à la création et au développement de toute société ou entreprise, leur prêter tout concours, que ce soit sous forme de prêt, garantie ou de toute autre manière.
- Name clauseThe name the company operates under according to its articles.
- MHS CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, 2” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, Article 10. Organe d’administration” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Article 9. Cession d’actions, mêmes formalités si ne deviennent pas de plein droit actionnaires” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “5, chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:00