M.H. - RETAIL
ActiveSummary
M.H. - RETAIL has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €-12k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 8001 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-15
Solvency100▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 4.82 against 2.74 in 2024; short-term debt: 18.2% and cash: 38.7% of total assets), and 18.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 10 filingsDeviation from the deadline
2025
19 d late
2024
5 d early
2023
13 d early
2022
24 d late
2021
4 d early
2020
40 d early
2019
6 d late
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€221k▼ 5.3%
2024 · €234k
2018: €88k
2019: €97k
2020: €111k
2021: €135k
2022: €161k
2023: €209k
2024: €234k
2018 → 2025
Total assets
€270k▼ 18.5%
2024 · €332k
2018: €132k
2019: €154k
2020: €126k
2021: €250k
2022: €346k
2023: €362k
2024: €332k
2018 → 2025
Net result
€-12k
2024 · €25k
2018: €8k
2019: €9k
2020: €14k
2021: €24k
2022: €26k
2023: €48k
2024: €25k
2018 → 2025
Working capital
€187k▲ 9.7%
2024 · €171k
2018: €82k
2019: €91k
2020: €89k
2021: €117k
2022: €137k
2023: €116k
2024: €171k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€135k-€161k▲ 19.6%€209k▲ 29.5%€234k▲ 11.9%€221k▼ 5.3%
Operating result€33k-€37k▲ 9.9%€66k▲ 79.4%€35k▼ 47.1%€-11k
Net result€24k-€26k▲ 9.3%€48k▲ 80.4%€25k▼ 47.9%€-12k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €35k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €270k
Fixed assets
€34k ▼ 45.8%
Current assets
€236k ▼ 12.1%
Equity and liabilities €270k
Equity
€221k ▼ 5.3%
Debt
€49k ▼ 50.0%
Debt's share of the balance-sheet total falls from 29.6% to 18.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€17k▼
2024 · €64k
Cash flow
€16k▼
2024 · €55k
Current ratio
4.82▲
2024 · 2.74
Debt to equity
0.22▼
2024 · 0.42
ROE
-5.6%▼
2024 · 10.6%
ROA
-4.6%▼
2024 · 7.5%
Interest coverage
18.89▼
2024 · 113.00
Debt ≤ 1 year
€49k▼
2024 · €98k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€332k€270k▼
Fixed assets21/28€63k€34k▼
Tangible fixed assets22/27€56k€28k▼
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€49k€25k▼
Financial fixed assets28€6k€6k=
Current assets29/58€269k€236k▼
Amounts receivable within one year40/41€146k€132k▼
Trade receivables40€125k€108k▼
Other amounts receivable41€21k€24k▲
Cash at bank and in hand54/58€123k€105k▼
Deferred charges and accrued income490/1-€55
Equity and liabilities
Total equity and liabilities10/49€332k€270k▼
Equity10/15€234k€221k▼
Contributions10/11€19k€19k=
Reserves13€215k€203k▼
Distributable reserves133€215k€203k▼
Amounts payable17/49€98k€49k▼
Amounts payable within one year42/48€98k€49k▼
Trade debts44€89k€40k▼
Suppliers440/4€89k€40k▼
Taxes, remuneration and social security45€9k€9k=
Taxes450/3€9k€9k=
Other amounts payable47/48€334-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€29k▼
Other operating charges640/8€20k€519▼
Gross operating margin9900€85k€18k▼
Operating profit (loss)9901€35k€-11k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€570€922▲
Recurring financial charges65€570€922▲
Profit (loss) for the period before taxes9903€34k€-12k▼
Income taxes67/77€9k-
Profit (loss) for the period9904€25k€-12k▼
Profit (loss) for the period to be appropriated9905€25k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€-12k▼
Transfer from equity791/2-€12k
Transfer to equity691/2€25k-
To other reserves6921€25k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 19 days late
2025
31-12
Financial
Weakest financial yearnet €-12k ▼150%
Net result drops to €-12k, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €48k ▲80.4%
Operating result €66k, net result €48k, both a record.
31-12
Financial
Equity above €200kEq €209k ▲29.5%
6 profitable years in a row build equity to €209k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
31-12
Financial
Equity above €150kEq €161k ▲19.6%
5 profitable years in a row build equity to €161k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 6.84
Current ratio from 2.58 to 6.84; short-term debt falls from €57k to €15k.
31-12
Financial
Equity above €100kEq €111k ▲14.1%
3 profitable years in a row build equity to €111k.
Show earlier events
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 6 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Nazareth-De Pinte · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Karreweg 159810 Nazareth-De PinteGround area
1.8 ha
Building footprint
9,972 m²
Volume, LiDAR
109,121 m³
Parcel 44048A0110/00F000, Flanders · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
M.H. Retail
since 20102.186.028.820
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048A0110/00F000 | Flanders | 1.8 ha | 1 · 9,971 m² | 12.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GREENFLEX
BE 0560.761.552
Roeselare · Eq €215k
MIBOTEX AGENCY
BE 0683.625.811
Sint-Martens-Latem · Eq €244k
BRAX BELGIUM
BE 0682.754.294
Brussel · Eq €246k
LUC RENTMEESTERS
BE 0466.080.743
Sint-Pieters-Woluwe · Eq €194k
Sapphire Europe
BE 0793.428.227
Vorst · Eq €255k
Of 236 companies in sector 46419 we hold annual accounts for 130. 91 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46419Wholesale trade
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47519Retail trade
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.