MoHa
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 7 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 58% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €2.4m | €3.2m | €3.1m | €3.0m | €2.8m |
| Mortgages, amount registered | €2.8m | €3.7m | €3.7m | €3.7m | €3.7m |
| Carrying value of the mortgaged assets | €2.5m | €3.5m | €3.4m | €3.2m | €3.1m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €1.2m | - | - | - |
| Depreciation and write-downs of the year | €75,750 | €204,291 | €104,792 | €104,793 | €104,793 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €285,849 | - | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €450,400 | €75,750 | €75,750 | €204,291 | €104,792 | €104,793 | €104,793 | = |
| Other operating charges640/8 | - | - | €14,313 | €14,640 | €23,346 | €21,840 | €21,624 | ▼ 1.0% |
| Gross operating margin9900 | - | €77,951 | €101,119 | €181,128 | €276,434 | €434,548 | €254,345 | ▼ 41.5% |
| Operating profit (loss)9901 | -€293,514 | -€11,491 | €11,056 | -€37,803 | €148,296 | €307,915 | €127,928 | ▼ 58.5% |
| Recurring financial income75 | €2,289 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | €41,187 | €59,436 | €149,673 | €166,917 | €121,027 | ▼ 27.5% |
| Recurring financial charges65 | €64,251 | €40,311 | €41,187 | €59,436 | €149,673 | €166,917 | €121,027 | ▼ 27.5% |
| Debt charges650 | €58,142 | - | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€355,476 | -€51,802 | -€30,131 | -€97,239 | -€1,377 | €140,998 | €6,901 | ▼ 95.1% |
| Profit (loss) for the period9904 | -€355,476 | -€51,802 | -€30,131 | -€97,239 | -€1,377 | €140,998 | €6,901 | ▼ 95.1% |
| Profit (loss) for the period to be appropriated9905 | -€355,476 | -€51,802 | -€30,131 | -€97,239 | -€1,377 | €140,998 | €6,901 | ▼ 95.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.7m | €2.6m | €2.6m | €3.5m | €3.4m | €3.3m | €3.2m | ▼ 3.3% |
| Fixed assets21/28 | €2.6m | €2.6m | €2.5m | €3.5m | €3.4m | €3.2m | €3.1m | ▼ 3.2% |
| Tangible fixed assets22/27 | €2.6m | €2.6m | €2.5m | €3.5m | €3.4m | €3.2m | €3.1m | ▼ 3.2% |
| Land and buildings22 | - | - | €2.5m | €3.5m | €3.4m | €3.2m | €3.1m | ▼ 3.2% |
| Current assets29/58 | €0.09m | €0.03m | €0.08m | €0.02m | €0.03m | €0.04m | €0.03m | ▼ 14.3% |
| Amounts receivable within one year40/41 | - | - | €0.05m | - | - | - | - | - |
| Other amounts receivable41 | - | - | €0.05m | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.09m | €0.03m | €0.02m | €0.02m | €0.03m | €0.04m | €0.03m | ▼ 14.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.7m | €2.6m | €2.6m | €3.5m | €3.4m | €3.3m | €3.2m | ▼ 3.3% |
| Equity10/15 | -€0.3m | -€0.3m | -€0.4m | -€0.5m | -€0.5m | -€0.3m | -€0.3m | ▲ 2.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.4m | -€0.4m | -€0.4m | -€0.5m | -€0.5m | -€0.4m | -€0.4m | ▲ 1.7% |
| Amounts payable17/49 | €3.0m | €2.9m | €2.9m | €3.9m | €3.9m | €3.6m | €3.5m | ▼ 3.2% |
| Amounts payable after more than one year17 | €2.5m | €2.4m | €2.3m | €3.0m | €2.9m | €2.9m | €2.8m | ▼ 5.1% |
| Financial debts170/4 | - | - | €2.3m | €3.0m | €2.9m | €2.9m | €2.7m | ▼ 5.1% |
| Other amounts payable178/9 | - | - | - | - | - | €0.05m | €0.05m | = |
| Amounts payable within one year42/48 | €0.5m | €0.5m | €0.6m | €0.9m | €0.9m | €0.7m | €0.7m | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | - | - | €0.1m | €0.2m | €0.1m | €0.03m | €0.04m | ▲ 17.4% |
| Trade debts44 | €0.001m | €0.01m | €163 | - | €0.006m | €0.004m | €0.001m | ▼ 68.8% |
| Suppliers440/4 | - | - | €163 | - | €0.006m | €0.004m | €0.001m | ▼ 68.8% |
| Other amounts payable47/48 | - | - | €0.5m | €0.7m | €0.7m | €0.6m | €0.7m | ▲ 2.2% |
| Accrued charges and deferred income492/3 | - | - | €0.02m | €0.04m | €0.05m | €0.006m | €0.02m | ▲ 264% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.4m | -€0.05m | -€0.03m | -€0.1m | -€0.001m | €0.1m | €0.007m | ▼ 95.1% |
| + Depreciation and write-downs630 | €0.5m | €0.08m | €0.08m | €0.2m | €0.1m | €0.1m | €0.1m | = |
| Operating cash flow (approximation) | €0.09m | €0.02m | €0.05m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 54.6% |
| Investment in fixed assets (approximation) | - | -€0 | €0 | -€1.2m | €0 | €0 | €0 | - |
| Change in cash | - | -€0.06m | -€0.001m | -€0.009m | €0.01m | €0.01m | -€0.005m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 457 companies had the same profile as MoHa has now. Two years later, 0.7% had gone bankrupt and 97.2% were still going.
- Small
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MoHa itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 457 companies, not a prediction for MoHa. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-07-2026 | 2026-00383627 | |
| 31-12-2024 | full format | 28-07-2025 | 2025-00333659 | |
| 31-12-2023 | full format | 27-08-2024 | 2024-00444373 | |
| 31-12-2022 | full format | 31-07-2023 | 2023-00308229 | |
| 31-12-2021 | full format | 31-07-2022 | 2022-20264734 | |
| 31-12-2020 | full format | 10-08-2021 | 2021-47600351 | |
| 31-12-2019 | full format | 31-07-2020 | 2020-36700585 |