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MHWL & Brainovation

Active
Private limited companyfounded 2011active for 14 yearsGentweg 38, 9550 Herzele, BelgiumKBO/BCE: BE 0841.792.724

From the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

MHWL & Brainovation has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25,072 and a net result of €7,225. Equity is shrinking by about 7.6% per year across the filed financial years. Its solvency ranks better than 45% of 843 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
MHWL & BrainovationActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 14-12-2011 Normal situation
Legal form
Private limited company
Registered office
Gentweg 38, 9550 Herzele
Activity
Public relations and communication consultancy NACE 73300and 4 others
Establishment unit
2.204.806.535 9550 Herzele, since 14-12-2011
Financial year end
31 December
Peppol
Reachable since 09-12-2025
Company details

Who decides

Board
Board & ownership

How it is doing

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€20,113
Turnover
≈ €130,000
estimated
Profit
€7,225
Equity
€25,072
▲ 40.5%
Total assets
€65,519
▲ 14.3%
2025 accounts 7 days early
Filed on 24-07-2026at the National Bank
Financials
Why 95lowers riskLiquidity: current ratio 0.91, cash €28,513Founded in 2011Sector: Advertising, market research and public relations activities (NACE 73)Figures for financial year 2025 (filed 01-08-2026)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 59% of its sector peers (NACE 73, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 63+7
equity 38.3% of total assets
Liquidity 68+36
short-term debt 61.7% · cash 43.5%
Profitability 83+83
return on assets 11.0%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,227 companies, NACE 73, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.4%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026highest value 08-2026: 0.1%▼ -0.3 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.91, compared with 0.41 in 2024, below 1; short-term debt: 61.7% and cash: 43.5% of total assets), and 61.7% of the assets are financed with debt and provisions.
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 73, micro): better than 40% on solvency, 60% on liquidity, 58% on profitability and 80% on growth.

The bankruptcy probability was computed on 31-10-2026 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 riskneutral
lowers risk · Liquidity: current ratio 0.91, cash €28,513
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
lowers risk · Figures for financial year 2025 (filed 01-08-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 days early
2024
14 days early
2023
14 days early
2022
28 days early
2021
12 days early
2020
2 days late
2019
11 days early
← 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 12 days before the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Caution: Among the weakest 17% on equitysector median €519,029 · 844 companies €25,072 View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View

Documents

Annual accounts at the NBB

All 14 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about MHWL & Brainovation

What is the company number of MHWL & Brainovation?
0841.792.724. In Belgium the VAT number is the company number with BE in front: BE 0841.792.724.
Where is MHWL & Brainovation based?
The registered office is at Gentweg 38, 9550 Herzele.Company details
What does MHWL & Brainovation do?
According to the KBO register, the main activity is public relations and communication consultancy (NACE 73300).
What is the legal form of MHWL & Brainovation?
Private limited company (BV).
When was MHWL & Brainovation founded?
On 14-12-2011.
Is MHWL & Brainovation still active?
Yes, MHWL & Brainovation is an active enterprise in the KBO register.
What is the turnover of MHWL & Brainovation?
≈ €130,000 in financial year 2025. Estimated from the gross margin of €20,113: probably between €52,000 and €210,000, based on 39 comparable companies, NACE 73300. A rough estimate.Financials
Is MHWL & Brainovation profitable?
In financial year 2025, MHWL & Brainovation made a profit of €7,225.
Where can I find the annual accounts of MHWL & Brainovation?
MHWL & Brainovation filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of MHWL & Brainovation due?
By 31-07-2027, for financial year 2026.Timeline

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