MH POOL
ActiveSummary
The computed 12-month bankruptcy probability of MH POOL is 2.9% (moderate). The annual accounts of MH POOL for fiscal year 2024 show a net loss of 53% of total assets and of 76% of the equity at the start of that year. The 2024 annual accounts show equity of €89k and a net result of €-284k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 18% of 3550 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-73
Solvency42▼-32
Growth52=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.12 against 1.91 in 2023; short-term debt: 70.9% and cash: 0.2% of total assets), and 83.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
16.6%
Return on assets
-52.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 3550 sector peers (2024).
NBB · sector comparisonPosition among 3550 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-07-2025, 6 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
7 d early
2022
62 d early
2021
62 d early
2020
53 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€0▼ 100%
2019 · €511k
2019: €511k
2021: €0
2019 → 2021
EBIT margin
17.8%
Net result
€-284k
2023 · €27k
2019: €76k
2020: €168k▲ +120% vs 2019highest in 6 years
2021: €149k▼ -11.3% vs 2020
2022: €25k▼ -83.1% vs 2021
2023: €27k▲ +7.9% vs 2022
2024: €-284k▼ -1142% vs 2023lowest in 6 years
2019 → 2024
Working capital
€45k▼ 85.6%
2023 · €314k
2019: €62k
2020: €224k▲ +261% vs 2019
2021: €311k▲ +38.7% vs 2020
2022: €323k▲ +3.7% vs 2021highest in 6 years
2023: €314k▼ -2.6% vs 2022
2024: €45k▼ -85.6% vs 2023lowest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€0
Equity€248k-€396k▲ 59.8%€371k▼ 6.4%€373k▲ 0.6%€89k▼ 76.1%
2020: €248k
2021: €396k▲ +59.8% vs 2020highest in 5 years
2022: €371k▼ -6.4% vs 2021
2023: €373k▲ +0.6% vs 2022
2024: €89k▼ -76.1% vs 2023lowest in 5 years
Operating result€213k-€189k▼ 11.3%€35k▼ 81.7%€49k▲ 39.9%€-271k
2020: €213khighest in 5 years
2021: €189k▼ -11.3% vs 2020
2022: €35k▼ -81.7% vs 2021
2023: €49k▲ +39.9% vs 2022
2024: €-271k▼ -658% vs 2023lowest in 5 years
Net result€168k-€149k▼ 11.3%€25k▼ 83.1%€27k▲ 7.9%€-284k
2020: €168khighest in 5 years
2021: €149k▼ -11.3% vs 2020
2022: €25k▼ -83.1% vs 2021
2023: €27k▲ +7.9% vs 2022
2024: €-284k▼ -1142% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €271k after €49k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €537k
Fixed assets
€111k ▲ 8.8%
Current assets
€426k ▼ 35.6%
Equity and liabilities €537k
Equity
€89k ▼ 76.1%
Debt
€447k ▲ 14.6%
Debt's share of the balance-sheet total rises from 51.1% to 83.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-220k▼
2023 · €95k
Cash flow
€-233k▼
2023 · €74k
Current ratio
1.12▼
2023 · 1.91
Quick ratio
0.44▼
2023 · 0.70
Debt to equity
5.02▲
2023 · 1.05
ROE
-318.4%▼
2023 · 7.3%
ROA
-52.9%▼
2023 · 3.6%
Interest coverage
-12.72▼
2023 · 6.28
Debt ≤ 1 year
€380k▲
2023 · €347k
Debt > 1 year
€67k▲
2023 · €43k
Income taxes
€0▼
2023 · €9k
Staff costs
€248k▲
2023 · €110k
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 · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€763k€537k▼
Fixed assets21/28€102k€111k▲
Intangible fixed assets21€6k€2k▼
Tangible fixed assets22/27€95k€105k▲
Plant, machinery and equipment23€25k€17k▼
Furniture and vehicles24€70k€89k▲
Leasing and similar rights25€0€0=
Other tangible fixed assets26€450€70▼
Financial fixed assets28€510€3k▲
Current assets29/58€661k€426k▼
Stocks and contracts in progress3€417k€259k▼
Stocks30/36€352k€259k▼
Contracts in progress37€65k€0▼
Amounts receivable within one year40/41€236k€153k▼
Trade receivables40€181k€88k▼
Other amounts receivable41€56k€65k▲
Cash at bank and in hand54/58€790€1k▲
Deferred charges and accrued income490/1€7k€12k▲
Equity and liabilities
Total equity and liabilities10/49€763k€537k▼
Equity10/15€373k€89k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€367k€84k▼
Amounts payable17/49€390k€447k▲
Amounts payable after more than one year17€43k€67k▲
Financial debts170/4€43k€67k▲
Amounts payable within one year42/48€347k€380k▲
Current portion of amounts payable after more than one year42€46k€31k▼
Financial debts43€194k€198k▲
Credit institutions430/8€194k€198k▲
Trade debts44€65k€91k▲
Suppliers440/4€65k€91k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€17k€60k▲
Taxes450/3€9k€11k▲
Remuneration and social security454/9€9k€49k▲
Other amounts payable47/48€25k€885▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€110k€248k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€50k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-435€-10k▼
Other operating charges640/8€7k€39k▲
Gross operating margin9900€212k€57k▼
Operating profit (loss)9901€49k€-271k▼
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€15k€17k▲
Recurring financial charges65€15k€17k▲
Profit (loss) for the period before taxes9903€36k€-284k▼
Income taxes67/77€9k€0▼
Profit (loss) for the period9904€27k€-284k▼
Profit (loss) for the period to be appropriated9905€27k€-284k▼
Appropriation of the result
Profit (loss) to be appropriated9906€392k€84k▼
Profit (loss) brought forward from the previous period14P€365k€367k▲
Profit to be distributed694/7€25k-
Return on contributions (dividend)694€25k-
Social balance
Average headcount (FTE)90872.34.8▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €111k | €97k | €110k | €248k | ▲ 126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43k | €53k | €53k | €47k | €50k | ▲ 7.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €49k | €-20k | €-435 | €-10k | ▼ 2,207% |
| Other operating charges640/8 | - | €2k | €864 | €7k | €39k | ▲ 473% |
| Non-recurring operating charges66A | - | €6k | - | - | - | - |
| Gross operating margin9900 | €325k | €410k | €165k | €212k | €57k | ▼ 72.9% |
| Operating profit (loss)9901 | €213k | €189k | €35k | €49k | €-271k | ▼ 658% |
| Financial income75/76B | - | €2k | €2k | €3k | €4k | ▲ 66.1% |
| Recurring financial income75 | €356 | €2k | €2k | €3k | €4k | ▲ 66.1% |
| Financial charges65/66B | - | €6k | €4k | €15k | €17k | ▲ 14.2% |
| Recurring financial charges65 | €4k | €6k | €4k | €15k | €17k | ▲ 14.2% |
| Profit (loss) for the period before taxes9903 | €210k | €185k | €32k | €36k | €-284k | ▼ 890% |
| Income taxes67/77 | €42k | €36k | €7k | €9k | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €168k | €149k | €25k | €27k | €-284k | ▼ 1,142% |
| Profit (loss) for the period to be appropriated9905 | €168k | €149k | €25k | €27k | €-284k | ▼ 1,142% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €447k | €587k | €686k | €763k | €537k | ▼ 29.7% |
| Fixed assets21/28 | €101k | €153k | €115k | €102k | €111k | ▲ 8.8% |
| Intangible fixed assets21 | €5k | €2k | €5k | €6k | €2k | ▼ 59.6% |
| Tangible fixed assets22/27 | €96k | €151k | €110k | €95k | €105k | ▲ 10.5% |
| Plant, machinery and equipment23 | - | €17k | €19k | €25k | €17k | ▼ 32.6% |
| Furniture and vehicles24 | - | €126k | €91k | €70k | €89k | ▲ 26.3% |
| Leasing and similar rights25 | - | €6k | €0 | €0 | €0 | - |
| Other tangible fixed assets26 | - | €2k | €830 | €450 | €70 | ▼ 84.5% |
| Financial fixed assets28 | €60 | €60 | €60 | €510 | €3k | ▲ 488% |
| Current assets29/58 | €346k | €434k | €571k | €661k | €426k | ▼ 35.6% |
| Stocks and contracts in progress3 | €105k | €310k | €392k | €417k | €259k | ▼ 37.9% |
| Stocks30/36 | - | €310k | €352k | €352k | €259k | ▼ 26.4% |
| Contracts in progress37 | - | - | €40k | €65k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €77k | €96k | €167k | €236k | €153k | ▼ 35.2% |
| Trade receivables40 | - | €96k | €142k | €181k | €88k | ▼ 51.1% |
| Other amounts receivable41 | - | €150 | €25k | €56k | €65k | ▲ 16.4% |
| Cash at bank and in hand54/58 | €158k | €14k | €504 | €790 | €1k | ▲ 50.8% |
| Deferred charges and accrued income490/1 | - | €13k | €12k | €7k | €12k | ▲ 71.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €447k | €587k | €686k | €763k | €537k | ▼ 29.7% |
| Equity10/15 | €248k | €396k | €371k | €373k | €89k | ▼ 76.1% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €242k | €391k | €365k | €367k | €84k | ▼ 77.2% |
| Amounts payable17/49 | €199k | €191k | €316k | €390k | €447k | ▲ 14.6% |
| Amounts payable after more than one year17 | €77k | €68k | €66k | €43k | €67k | ▲ 55.2% |
| Financial debts170/4 | - | €68k | €66k | €43k | €67k | ▲ 55.2% |
| Amounts payable within one year42/48 | €122k | €123k | €249k | €347k | €380k | ▲ 9.6% |
| Current portion of amounts payable after more than one year42 | - | €32k | €42k | €46k | €31k | ▼ 33.5% |
| Financial debts43 | - | €50k | €155k | €194k | €198k | ▲ 2.2% |
| Credit institutions430/8 | - | €50k | €155k | €194k | €198k | ▲ 2.2% |
| Trade debts44 | €38k | €3k | €9k | €65k | €91k | ▲ 40.5% |
| Suppliers440/4 | - | €3k | €9k | €65k | €91k | ▲ 40.5% |
| Advances received on contracts in progress46 | - | €7k | €5k | €0 | - | - |
| Taxes, remuneration and social security45 | - | €30k | €18k | €17k | €60k | ▲ 243% |
| Taxes450/3 | - | €24k | €13k | €9k | €11k | ▲ 27.1% |
| Remuneration and social security454/9 | - | €5k | €5k | €9k | €49k | ▲ 462% |
| Other amounts payable47/48 | - | €2k | €20k | €25k | €885 | ▼ 96.5% |
| Accrued charges and deferred income492/3 | - | €0 | €850 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €168k | €149k | €25k | €27k | €-284k | ▼ 1,142% |
| + Depreciation and write-downs630 | €43k | €53k | €53k | €47k | €50k | ▲ 7.5% |
| Operating cash flow (approximation) | €211k | €202k | €78k | €74k | €-233k | ▼ 416% |
| Investment in fixed assets (approximation) | - | €-105k | €-15k | €-33k | €-59k | ▼ 77.4% |
| Change in cash | - | €-145k | €-13k | €286 | €401 | ▲ 40.4% |
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
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-284k
Net result drops to €-284k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €168k ▲120%
Operating result €213k, net result €168k, both a record.
31-12
Financial
Equity above €200kEq €248k ▲207%
2 profitable years in a row build equity to €248k.
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
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, Tongeren-Borgloon · 1 establishment unit since 2019
Ground area
569 m²
Building footprint
103 m²
Parcel 73059A0202/00H000, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MH POOL
since 20192.288.802.201
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73059A0202/00H000 | Flanders | 569 m² | 1 · 103 m² | - |
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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,249 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
Founded06-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.