Financials
- Fiscal year
- 2024
- Total assets
- €40,692
- Profit
- €12,370
- Solvency
- 65.2%
Turnover▼ 43.6%
Net result
20192023
MHS GROUP
ActiveSummary
The computed 12-month bankruptcy probability of MHS GROUP is 2.9% (moderate). The 2024 annual accounts show equity of €26,541 and a net result of €12,370. Equity is shrinking by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 6717 sector peers (fiscal year 2024). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Freight transport by road
NACE 49410
1 site
How big
€40,692total assets 2024
- Equity
- €26,541
- Profit
- €12,370
Turnover not published (abridged schema)
Who decides
Accounts 63 d overdue0 of 3 deeds read
Why 77- Higher-failure-rate sector- Higher-failure-rate region- Annual accounts: weaker financial profile- Limited track record+ Growing equityFiled after the deadlineShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+26
Solvency90▲+23
Growth80▲+30
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 0.55 in 2023; short-term debt: 34.8% and cash: 40.7% of total assets), and 34.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
65.2%
Return on assets
30.4%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €26,541
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
30 d late
2022
3 d late
2021
61 d late
2020
60 d late
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 26 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2019net €12,370 ▲366%
- Liquidity triplescurrent ratio 1.61
Key points
By topic
Timeline
- Events
- 10
- Since
- 2020
- 30-08-2025Annual accounts filed
- 31-12-2024Highest result since 2019
- 31-12-2024Liquidity triples
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Freight transport by roadNACE 49410
- Founded
- 01-08-2018
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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