NMH CONCEPT
ActiveSummary
NMH CONCEPT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196,361 and a net result of €14,725. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 74% of 18606 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▼-4
Solvency87▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity short (current ratio 0.21 against 0.12 in 2024; short-term debt: 37.8% and cash: 2.7% of total assets), and 37.8% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
62.2%
Return on assets
4.7%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 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 · 9 filingsDeviation from the deadline
2025
4 d late
2024
11 d late
2023
5 d late
2022
24 d late
2021
25 d late
2020
25 d late
2019
28 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 17 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€196,361▲ 8.1%
2024 · €181,636
Total assets
€315,558=
2024 · €315,544
Net result
€14,725▼ 44.4%
2024 · €26,472
Working capital
-€94,006▲ 19.9%
2024 · -€117,389
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,173-€15,337€3,660€26,525▲ 625%€14,784▼ 44.3%
Net result€16,132within the sector's middle half-€15,487below the sector's middle half€3,597within the sector's middle half€26,472above the sector's middle half▲ 636%€14,725within the sector's middle half▼ 44.4%
Equity-€347below the sector's middle half▲ 97.9%€151,566above the sector's middle half€155,164above the sector's middle half▲ 2.4%€181,636above the sector's middle half▲ 17.1%€196,361above the sector's middle half▲ 8.1%
Total assets€278,770within the sector's middle half▲ 969%€340,465above the sector's middle half▲ 22.1%€334,839above the sector's middle half▼ 1.7%€315,544within the sector's middle half▼ 5.8%€315,558within the sector's middle half=
Debt€279,117▲ 556%€188,899▼ 32.3%€179,675▼ 4.9%€133,908▼ 25.5%€119,198▼ 11.0%
Working capital-€244,461below the sector's middle half▼ 1,211%-€164,775below the sector's middle half▲ 32.6%-€152,519below the sector's middle half▲ 7.4%-€117,389below the sector's middle half▲ 23.0%-€94,006below the sector's middle half▲ 19.9%
Solvency-0.1%below the sector's middle half▲ 63.0pp44.5%within the sector's middle half▲ 44.6pp46.3%within the sector's middle half▲ 1.8pp57.6%within the sector's middle half▲ 11.2pp62.2%within the sector's middle half▲ 4.7pp
Current ratio0.12below the sector's middle half▼ 0.440.13below the sector's middle half=0.15below the sector's middle half▲ 0.020.12below the sector's middle half▼ 0.030.21below the sector's middle half▲ 0.09
Return on assets (ROA)5.8%within the sector's middle half▲ 8.5pp-4.5%below the sector's middle half▼ 10.3pp1.1%within the sector's middle half▲ 5.6pp8.4%within the sector's middle half▲ 7.3pp4.7%within the sector's middle half▼ 3.7pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €315,558
Fixed assets
€290,366 ▼ 2.9%
Current assets
€25,192 ▲ 52.5%
Equity and liabilities €315,558
Equity
€196,361 ▲ 8.1%
Debt
€119,198 ▼ 11.0%
Debt's share of the balance-sheet total falls from 42.4% to 37.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,442▼
2024 · €35,183
Cash flow
€23,383▼
2024 · €35,130
Debt to equity
0.61▼
2024 · 0.74
ROE
7.5%▼
2024 · 14.6%
Interest coverage
397.59▼
2024 · 666.85
Debt ≤ 1 year
€119,198▼
2024 · €133,908
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,662 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% | 1.7% |
| 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 75% 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 10,905 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €67,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,309 | €8,658 | €8,658 | €8,658 | €8,658 | = |
| Other operating charges640/8 | - | - | €348 | €2,179 | €2,254 | ▲ 3.5% |
| Non-recurring operating charges66A | - | - | - | €18,245 | - | - |
| Gross operating margin9900 | €21,757 | -€6,679 | €12,666 | €55,607 | €25,697 | ▼ 53.8% |
| Operating profit (loss)9901 | €16,173 | -€15,337 | €3,660 | €26,525 | €14,784 | ▼ 44.3% |
| Recurring financial income75 | €26 | - | - | - | - | - |
| Financial charges65/66B | - | €150 | €63 | €53 | €59 | ▲ 11.8% |
| Recurring financial charges65 | €67 | €150 | €63 | €53 | €59 | ▲ 11.8% |
| Profit (loss) for the period before taxes9903 | €16,132 | -€15,487 | €3,597 | €26,472 | €14,725 | ▼ 44.4% |
| Profit (loss) for the period9904 | €16,132 | -€15,487 | €3,597 | €26,472 | €14,725 | ▼ 44.4% |
| Profit (loss) for the period to be appropriated9905 | €16,132 | -€15,487 | €3,597 | €26,472 | €14,725 | ▼ 44.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278,770 | €340,465 | €334,839 | €315,544 | €315,558 | = |
| Fixed assets21/28 | €244,115 | €316,341 | €307,683 | €299,025 | €290,366 | ▼ 2.9% |
| Tangible fixed assets22/27 | €244,115 | €316,341 | €307,683 | €299,025 | €290,366 | ▼ 2.9% |
| Land and buildings22 | - | €316,341 | €307,683 | €299,025 | €290,366 | ▼ 2.9% |
| Current assets29/58 | €34,656 | €24,124 | €27,156 | €16,520 | €25,192 | ▲ 52.5% |
| Amounts receivable within one year40/41 | €19,344 | €17,040 | €19,215 | €9,898 | €16,806 | ▲ 69.8% |
| Trade receivables40 | - | €13,366 | €15,786 | €6,469 | €14,758 | ▲ 128% |
| Other amounts receivable41 | - | €3,674 | €3,429 | €3,429 | €2,048 | ▼ 40.3% |
| Cash at bank and in hand54/58 | €15,312 | €7,084 | €7,941 | €6,622 | €8,387 | ▲ 26.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278,770 | €340,465 | €334,839 | €315,544 | €315,558 | = |
| Equity10/15 | -€347 | €151,566 | €155,164 | €181,636 | €196,361 | ▲ 8.1% |
| Contributions10/11 | €18,600 | €186,000 | €186,000 | €186,000 | €186,000 | = |
| Capital10 | - | €186,000 | €186,000 | €186,000 | €186,000 | = |
| Issued capital100 | - | €186,000 | €186,000 | €186,000 | €186,000 | = |
| Profit (loss) carried forward14 | -€18,947 | -€34,434 | -€30,836 | -€4,364 | €10,361 | ▲ 337% |
| Amounts payable17/49 | €279,117 | €188,899 | €179,675 | €133,908 | €119,198 | ▼ 11.0% |
| Amounts payable within one year42/48 | €279,117 | €188,899 | €179,675 | €133,908 | €119,198 | ▼ 11.0% |
| Trade debts44 | €35,828 | €49,271 | €49,688 | €22,604 | €26,853 | ▲ 18.8% |
| Suppliers440/4 | - | €49,271 | €49,688 | €22,604 | €26,853 | ▲ 18.8% |
| Other amounts payable47/48 | - | €139,627 | €129,987 | €111,304 | €92,344 | ▼ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,132 | -€15,487 | €3,597 | €26,472 | €14,725 | ▼ 44.4% |
| + Depreciation and write-downs630 | €5,309 | €8,658 | €8,658 | €8,658 | €8,658 | = |
| Operating cash flow (approximation) | €21,441 | -€6,829 | €12,256 | €35,130 | €23,383 | ▼ 33.4% |
| Investment in fixed assets (approximation) | - | -€80,885 | €0 | €0 | €0 | - |
| Change in cash | - | -€8,228 | €857 | -€1,319 | €1,765 | ▲ 234% |
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
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
30-06
Financial
Highest result since 2019net €26,472 ▲636%
Operating result €26,525, net result €26,472, both a record.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
30-06
Financial
Back to profitnet €3,597
Net result €3,597 after one loss-making year.
24-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
30-06
Financial
Equity above €150,000Eq €151,566
Equity rises from -€347 to €151,566.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-06
Financial
Back to profitnet €16,132
Net result €16,132 after 2 loss-making years.
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 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, Braine-l'Alleud · 1 establishment unit since 2016
Ground area
1.7 ha
Building footprint
6,051 m²
Volume, LiDAR
36,827 m³
2 parcels, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Avenue de Lambusart(L) 25, 6220 Fleurus
since 20162.253.400.862
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0497/00H002 | Wallonia | 9,667 m² | 1 · 5,820 m² | 7.5 m · 2 fl. |
| 25014N0969/00A000 | Wallonia | 7,428 m² | 1 · 231 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,071 companies in sector 47741 we hold annual accounts for 645. 500 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
Founded12-05-2016
Fiscal year end30-06
Activities, NACEBEL 2025
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.