NMH & CO
ActiveSummary
NMH & CO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180,491 and a net result of -€32,305. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 810 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+10
Solvency67▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 2.97 against 3.51 in 2024; short-term debt: 26.2% and cash: 34% of total assets), but 58.4% of the assets are financed with debt.
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Signals
Five 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€32,305
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
30 d late
2023
29 d late
2022
7 d early
2021
61 d late
2020
27 d late
2019
146 d late
← 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 41 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 company by equity in Sint-Joost-ten-Node, Manufacturing sector#10 company by total assets in Sint-Joost-ten-Node, Manufacturing sector#10 oldest company in Sint-Joost-ten-Node, Manufacturing sector
Turnover
€645,071
EBIT margin
1.5%
Net result
-€32,305▲ 69.9%
2024 · -€107,209
Working capital
€223,812▼ 23.6%
2024 · €293,057
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€29,483▼ 61.9%€53,481▲ 81.4%€90,361▲ 69.0%-€110,370-€28,269▲ 74.4%
Net result€24,366▼ 63.6%€41,034▲ 68.4%€71,583▲ 74.4%-€107,209-€32,305▲ 69.9%
EBIT margin
Equity€207,388▲ 13.3%€248,423▲ 19.8%€320,006▲ 28.8%€212,797▼ 33.5%€180,491▼ 15.2%
Total assets€437,677▲ 4.0%€464,428▲ 6.1%€551,769▲ 18.8%€519,783▼ 5.8%€433,772▼ 16.5%
Debt€230,288▼ 3.2%€216,005▼ 6.2%€231,763▲ 7.3%€306,986▲ 32.5%€253,281▼ 17.5%
Working capital€196,251▲ 14.8%€240,550▲ 22.6%€302,756▲ 25.9%€293,057▼ 3.2%€223,812▼ 23.6%
Staff (FTE)5.7▲ 256%1.7▼ 70.2%1.5▼ 11.8%91,698.1▲ 6,113,107%208,979.3▲ 128%
Why a figure moved sharply
- 2025 Staff (FTE) +128% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
- 2024 Staff (FTE) +6,113,107% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28,269 in 2025 against €110,370 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €433,772
Fixed assets
€96,122 ▼ 12.4%
Current assets
€337,650 ▼ 17.7%
Equity and liabilities €433,772
Equity
€180,491 ▼ 15.2%
Debt
€253,281 ▼ 17.5%
Debt's share of the balance-sheet total falls from 59.1% to 58.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€786▲
2024 · -€84,564
Cash flow
-€3,251▲
2024 · -€81,403
Current ratio
2.97▼
2024 · 3.51
Quick ratio
2.95▼
2024 · 3.33
Debt to equity
1.40▼
2024 · 1.44
ROE
-17.9%▲
2024 · -50.4%
ROA
-7.4%▲
2024 · -20.6%
Interest coverage
0.08▲
2024 · -19.42
Debt ≤ 1 year
€113,838▼
2024 · €116,988
Debt > 1 year
€139,443▼
2024 · €184,775
Income taxes
€629▲
2024 · €210
Staff costs
€208,979▲
2024 · €91,698
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 247 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Large
- solvency 30% or more
- a small loss
- without age
0.4%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 247 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €81,004 | €68,393 | €66,599 | €91,698 | €208,979 | ▲ 128% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,346 | €24,007 | €22,854 | €25,807 | €29,055 | ▲ 12.6% |
| Other operating charges640/8 | €2,646 | €1,806 | €1,220 | €388 | €2,363 | ▲ 509% |
| Non-recurring operating charges66A | - | - | - | €130,046 | - | - |
| Gross operating margin9900 | €136,479 | €147,687 | €181,035 | €137,568 | €212,128 | ▲ 54.2% |
| Operating profit (loss)9901 | €29,483 | €53,481 | €90,361 | -€110,370 | -€28,269 | ▲ 74.4% |
| Financial income75/76B | €2,913 | €9,562 | €8,060 | €7,725 | €6,107 | ▼ 20.9% |
| Recurring financial income75 | €2,913 | €9,562 | €8,060 | €7,725 | €6,107 | ▼ 20.9% |
| Financial charges65/66B | €4,795 | €3,389 | €2,314 | €4,354 | €9,515 | ▲ 119% |
| Recurring financial charges65 | €4,795 | €3,389 | €2,314 | €4,354 | €9,515 | ▲ 119% |
| Profit (loss) for the period before taxes9903 | €27,601 | €59,654 | €96,106 | -€106,999 | -€31,677 | ▲ 70.4% |
| Income taxes67/77 | €3,235 | €18,620 | €24,523 | €210 | €629 | ▲ 199% |
| Profit (loss) for the period9904 | €24,366 | €41,034 | €71,583 | -€107,209 | -€32,305 | ▲ 69.9% |
| Profit (loss) for the period to be appropriated9905 | €24,366 | €41,034 | €71,583 | -€107,209 | -€32,305 | ▲ 69.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €437,677 | €464,428 | €551,769 | €519,783 | €433,772 | ▼ 16.5% |
| Fixed assets21/28 | €155,050 | €132,373 | €121,967 | €109,738 | €96,122 | ▼ 12.4% |
| Tangible fixed assets22/27 | €151,286 | €128,608 | €118,203 | €105,973 | €92,358 | ▼ 12.8% |
| Plant, machinery and equipment23 | €1,659 | €1,105 | €9,122 | €19,129 | €27,750 | ▲ 45.1% |
| Furniture and vehicles24 | €516 | €59 | €3,209 | €2,544 | €1,880 | ▼ 26.1% |
| Other tangible fixed assets26 | €149,111 | €127,445 | €105,872 | €84,300 | €62,728 | ▼ 25.6% |
| Financial fixed assets28 | €3,764 | €3,764 | €3,764 | €3,764 | €3,764 | = |
| Current assets29/58 | €282,627 | €332,055 | €429,802 | €410,045 | €337,650 | ▼ 17.7% |
| Stocks and contracts in progress3 | €17,400 | €16,800 | €10,230 | €20,591 | €2,328 | ▼ 88.7% |
| Stocks30/36 | €17,400 | €16,800 | €10,230 | €20,591 | €2,328 | ▼ 88.7% |
| Amounts receivable within one year40/41 | €108,947 | €152,533 | €149,227 | €128,210 | €115,146 | ▼ 10.2% |
| Trade receivables40 | €1,710 | €5,701 | €15,122 | €1,073 | €690 | ▼ 35.7% |
| Other amounts receivable41 | €107,236 | €146,832 | €134,105 | €127,137 | €114,457 | ▼ 10.0% |
| Cash at bank and in hand54/58 | €57,280 | €70,322 | €184,545 | €178,838 | €147,576 | ▼ 17.5% |
| Deferred charges and accrued income490/1 | €99,000 | €92,400 | €85,800 | €82,406 | €72,600 | ▼ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €437,677 | €464,428 | €551,769 | €519,783 | €433,772 | ▼ 16.5% |
| Equity10/15 | €207,388 | €248,423 | €320,006 | €212,797 | €180,491 | ▼ 15.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €42,894 | €114,478 | €114,478 | €114,478 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €41,034 | €114,478 | €114,478 | €114,478 | = |
| Profit (loss) carried forward14 | €186,928 | €186,928 | €186,928 | €79,719 | €47,414 | ▼ 40.5% |
| Amounts payable17/49 | €230,288 | €216,005 | €231,763 | €306,986 | €253,281 | ▼ 17.5% |
| Amounts payable after more than one year17 | €143,913 | €124,500 | €104,717 | €184,775 | €139,443 | ▼ 24.5% |
| Financial debts170/4 | €143,913 | €124,500 | €104,717 | €184,775 | €139,443 | ▼ 24.5% |
| Amounts payable within one year42/48 | €86,375 | €91,505 | €127,046 | €116,988 | €113,838 | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | €23,279 | €19,413 | €19,783 | €44,025 | €45,332 | ▲ 3.0% |
| Trade debts44 | €49,003 | €48,823 | €57,401 | €42,612 | €38,752 | ▼ 9.1% |
| Suppliers440/4 | €49,003 | €48,823 | €57,401 | €42,612 | €38,752 | ▼ 9.1% |
| Taxes, remuneration and social security45 | €14,093 | €23,269 | €49,862 | €30,350 | €29,754 | ▼ 2.0% |
| Taxes450/3 | €1,584 | €11,711 | €34,604 | €17,877 | €6,072 | ▼ 66.0% |
| Remuneration and social security454/9 | €12,509 | €11,558 | €15,258 | €12,473 | €23,682 | ▲ 89.9% |
| Accrued charges and deferred income492/3 | - | - | - | €5,223 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,366 | €41,034 | €71,583 | -€107,209 | -€32,305 | ▲ 69.9% |
| + Depreciation and write-downs630 | €23,346 | €24,007 | €22,854 | €25,807 | €29,055 | ▲ 12.6% |
| Operating cash flow (approximation) | €47,712 | €65,042 | €94,437 | -€81,403 | -€3,251 | ▲ 96.0% |
| Investment in fixed assets (approximation) | - | -€1,330 | -€12,448 | -€13,578 | -€15,439 | ▼ 13.7% |
| Change in cash | - | €13,042 | €114,223 | -€5,707 | -€31,262 | ▼ 448% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet -€107,209
Net result drops to -€107,209, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €71,583 ▲74.4%
Operating result €90,361, net result €71,583, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Equity above €200,000Eq €207,388 ▲13.3%
4 profitable years in a row build equity to €207,388.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €150,000Eq €183,022 ▲57.7%
3 profitable years in a row build equity to €183,022.
24-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 146 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Sint-Joost-ten-Node · 1 establishment unit since 2008
Ground area
100 m²
Building footprint
73 m²
Volume, LiDAR
1,131 m³
Parcel 21572B0106/00P002, Brussels · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
NMH & Co
since 20082.168.713.330
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21572B0106/00P002 | Brussels | 100 m² | 1 · 73 m² | 19.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Joost-ten-Node2.168.713.330
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Of 599 companies in sector 10111 we hold annual accounts for 329. 239 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
47221Retail sale of meat and meat products, excluding game and poultry
10130Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895584370
Also
9925:BE0895584370
Registered
25-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.