MHCONSULT
ActiveSummary
MHCONSULT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €180k and a net result of €15k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 2832 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability49▼-25
Solvency64▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.4 against 1.21 in 2023; short-term debt: 18.5% and cash: 9.2% of total assets), and 60.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 26-06-2025, 35 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
36 d early
2022
28 d early
2021
17 d late
2020
19 d late
2019
12 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€15k▼ 31.0%
2023 · €22k
2018: €27k
2019: €28k▲ +3.7% vs 2018
2020: €53k▲ +91.0% vs 2019highest in 7 years
2021: €22k▼ -58.8% vs 2020
2022: €48k▲ +120% vs 2021
2023: €22k▼ -54.2% vs 2022
2024: €15k▼ -31.0% vs 2023lowest in 7 years
2018 → 2024
Working capital
€34k▲ 59.4%
2023 · €22k
2018: €11klowest in 7 years
2019: €39k▲ +257% vs 2018
2020: €81k▲ +106% vs 2019
2021: €75k▼ -6.7% vs 2020
2022: €88k▲ +16.5% vs 2021highest in 7 years
2023: €22k▼ -75.4% vs 2022
2024: €34k▲ +59.4% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€114k-€148k▲ 30.1%€196k▲ 32.4%€165k▼ 15.7%€180k▲ 9.2%
2020: €114klowest in 5 years
2021: €148k▲ +30.1% vs 2020
2022: €196k▲ +32.4% vs 2021highest in 5 years
2023: €165k▼ -15.7% vs 2022
2024: €180k▲ +9.2% vs 2023
Operating result€64k-€30k▼ 53.8%€63k▲ 111%€37k▼ 41.8%€49k▲ 34.7%
2020: €64khighest in 5 years
2021: €30k▼ -53.8% vs 2020lowest in 5 years
2022: €63k▲ +111% vs 2021
2023: €37k▼ -41.8% vs 2022
2024: €49k▲ +34.7% vs 2023
Net result€53k-€22k▼ 58.8%€48k▲ 120%€22k▼ 54.2%€15k▼ 31.0%
2020: €53khighest in 5 years
2021: €22k▼ -58.8% vs 2020
2022: €48k▲ +120% vs 2021
2023: €22k▼ -54.2% vs 2022
2024: €15k▼ -31.0% vs 2023lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 35% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €460k
Fixed assets
€341k ▼ 3.9%
Current assets
€119k ▼ 3.4%
Equity and liabilities €460k
Equity
€180k ▲ 9.2%
Debt
€280k ▼ 10.6%
Debt's share of the balance-sheet total falls from 65.5% to 60.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88k▲
2023 · €74k
Cash flow
€54k▼
2023 · €59k
Current ratio
1.40▲
2023 · 1.21
Quick ratio
1.36▲
2023 · 1.17
Debt to equity
1.55▼
2023 · 1.89
ROE
8.4%▼
2023 · 13.3%
ROA
3.3%▼
2023 · 4.6%
Interest coverage
3.11▼
2023 · 9.43
Debt ≤ 1 year
€85k▼
2023 · €102k
Debt > 1 year
€195k▼
2023 · €211k
Income taxes
€6k▼
2023 · €7k
Staff costs
€39k▲
2023 · €38k
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 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€479k€460k▼
Fixed assets21/28€355k€341k▼
Tangible fixed assets22/27€355k€341k▼
Land and buildings22€332k€326k▼
Furniture and vehicles24€22k€15k▼
Financial fixed assets28€50€50=
Current assets29/58€124k€119k▼
Stocks and contracts in progress3€4k€4k▲
Stocks30/36€4k€4k▲
Amounts receivable within one year40/41€55k€65k▲
Trade receivables40€50k€63k▲
Other amounts receivable41€6k€2k▼
Current investments50/53€4k€4k▲
Cash at bank and in hand54/58€59k€43k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€479k€460k▼
Equity10/15€165k€180k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€145k€160k▲
Amounts payable17/49€313k€280k▼
Amounts payable after more than one year17€211k€195k▼
Financial debts170/4€211k€195k▼
Amounts payable within one year42/48€102k€85k▼
Current portion of amounts payable after more than one year42€22k€19k▼
Financial debts43€11k-
Credit institutions430/8€11k-
Trade debts44€6k€15k▲
Suppliers440/4€6k€15k▲
Taxes, remuneration and social security45€19k€22k▲
Taxes450/3€9k€13k▲
Remuneration and social security454/9€9k€10k▲
Other amounts payable47/48€45k€29k▼
Income statement
Code20232024
Remuneration, social security and pensions62€38k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€39k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€898
Other operating charges640/8€7k€1k▼
Gross operating margin9900€119k€130k▲
Operating profit (loss)9901€37k€49k▲
Financial income75/76B€226€314▲
Recurring financial income75€226€314▲
Financial charges65/66B€8k€28k▲
Recurring financial charges65€8k€28k▲
Profit (loss) for the period before taxes9903€29k€21k▼
Income taxes67/77€7k€6k▼
Profit (loss) for the period9904€22k€15k▼
Profit (loss) for the period to be appropriated9905€22k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€145k€160k▲
Profit (loss) brought forward from the previous period14P€123k€145k▲
Transfer from equity791/2€53k-
Profit to be distributed694/7€53k-
Return on contributions (dividend)694€53k-
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (12 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €5k | €18k | €38k | €39k | ▲ 1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €23k | €29k | €37k | €39k | ▲ 5.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €898 | - |
| Other operating charges640/8 | - | €2k | €2k | €7k | €1k | ▼ 78.4% |
| Gross operating margin9900 | €82k | €60k | €113k | €119k | €130k | ▲ 9.0% |
| Operating profit (loss)9901 | €64k | €30k | €63k | €37k | €49k | ▲ 34.7% |
| Financial income75/76B | - | €36 | €24 | €226 | €314 | ▲ 39.3% |
| Recurring financial income75 | €7 | €36 | €24 | €226 | €314 | ▲ 39.3% |
| Financial charges65/66B | - | €7k | €7k | €8k | €28k | ▲ 264% |
| Recurring financial charges65 | €4k | €7k | €7k | €8k | €28k | ▲ 264% |
| Profit (loss) for the period before taxes9903 | €60k | €23k | €56k | €29k | €21k | ▼ 26.8% |
| Income taxes67/77 | €7k | €651 | €8k | €7k | €6k | ▼ 13.9% |
| Profit (loss) for the period9904 | €53k | €22k | €48k | €22k | €15k | ▼ 31.0% |
| Profit (loss) for the period to be appropriated9905 | €53k | €22k | €48k | €22k | €15k | ▼ 31.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281k | €458k | €503k | €479k | €460k | ▼ 3.8% |
| Fixed assets21/28 | €169k | €333k | €341k | €355k | €341k | ▼ 3.9% |
| Intangible fixed assets21 | €5k | €3k | €992 | - | - | - |
| Tangible fixed assets22/27 | €164k | €330k | €340k | €355k | €341k | ▼ 3.9% |
| Land and buildings22 | - | €304k | €315k | €332k | €326k | ▼ 1.9% |
| Plant, machinery and equipment23 | - | €0 | €0 | - | - | - |
| Furniture and vehicles24 | - | €26k | €25k | €22k | €15k | ▼ 34.3% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €113k | €124k | €161k | €124k | €119k | ▼ 3.4% |
| Stocks and contracts in progress3 | - | - | €3k | €4k | €4k | ▲ 5.1% |
| Stocks30/36 | - | - | €3k | €4k | €4k | ▲ 5.1% |
| Amounts receivable within one year40/41 | €27k | €36k | €61k | €55k | €65k | ▲ 17.2% |
| Trade receivables40 | - | €33k | €61k | €50k | €63k | ▲ 27.7% |
| Other amounts receivable41 | - | €3k | €45 | €6k | €2k | ▼ 73.8% |
| Current investments50/53 | - | - | - | €4k | €4k | ▲ 10.3% |
| Cash at bank and in hand54/58 | €83k | €86k | €93k | €59k | €43k | ▼ 27.7% |
| Deferred charges and accrued income490/1 | - | €3k | €3k | €2k | €4k | ▲ 131% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281k | €458k | €503k | €479k | €460k | ▼ 3.8% |
| Equity10/15 | €114k | €148k | €196k | €165k | €180k | ▲ 9.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €55k | €55k | €55k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €53k | €53k | - | - | - |
| Profit (loss) carried forward14 | €53k | €75k | €123k | €145k | €160k | ▲ 10.5% |
| Amounts payable17/49 | €168k | €310k | €307k | €313k | €280k | ▼ 10.6% |
| Amounts payable after more than one year17 | €136k | €259k | €233k | €211k | €195k | ▼ 7.7% |
| Financial debts170/4 | - | €259k | €233k | €211k | €195k | ▼ 7.7% |
| Amounts payable within one year42/48 | €32k | €49k | €74k | €102k | €85k | ▼ 16.6% |
| Current portion of amounts payable after more than one year42 | - | €26k | €27k | €22k | €19k | ▼ 10.5% |
| Financial debts43 | - | - | €6k | €11k | - | - |
| Credit institutions430/8 | - | - | €6k | €11k | - | - |
| Trade debts44 | €10k | €4k | €13k | €6k | €15k | ▲ 145% |
| Suppliers440/4 | - | €4k | €13k | €6k | €15k | ▲ 145% |
| Taxes, remuneration and social security45 | - | €13k | €14k | €19k | €22k | ▲ 18.4% |
| Taxes450/3 | - | €6k | €9k | €9k | €13k | ▲ 36.1% |
| Remuneration and social security454/9 | - | €7k | €4k | €9k | €10k | ▲ 1.1% |
| Other amounts payable47/48 | - | €6k | €14k | €45k | €29k | ▼ 35.8% |
| Accrued charges and deferred income492/3 | - | €1k | €56 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53k | €22k | €48k | €22k | €15k | ▼ 31.0% |
| + Depreciation and write-downs630 | €13k | €23k | €29k | €37k | €39k | ▲ 5.0% |
| Operating cash flow (approximation) | €66k | €45k | €77k | €59k | €54k | ▼ 8.4% |
| Investment in fixed assets (approximation) | - | €-188k | €-37k | €-51k | €-25k | ▲ 50.7% |
| Change in cash | - | €3k | €7k | €-34k | €-16k | ▲ 52.4% |
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
2026
04-03
State Gazette act
RestructuringMerger · Accounting effect2 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect2 facts ▸
- Merger
- Accounting effect, 01-01-2026
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €15k ▼31%
Net result drops to €15k, the lowest in the series.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €196k ▲32.4%
5 profitable years in a row build equity to €196k.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Highest result since 2018net €53k ▲91%
Operating result €64k, net result €53k, both a record.
31-12
Financial
Equity above €100kEq €114k ▲87.3%
3 profitable years in a row build equity to €114k.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oreye · 1 establishment unit since 2018
Ground area
1,348 m²
Building footprint
87 m²
Parcel 64056B0424/00F000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MHCONSULT
since 20182.277.548.122
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64056B0424/00F000 | Wallonia | 1,347 m² | 1 · 86 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.
Structure & network
Acquisitions and mergers
1 transactionTook over:NEO PARTNERS
Recognitions · licences · registrations
Legal Entity Identifier
2549001F6V6EI9XJ6F90
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,881 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
Founded29-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
74140Other specialised design activities
47400Retail sale of information and communication equipment
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.