MHN PROJECT
ActiveMHN PROJECT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17k and a net result of €284. Equity is growing by ~23.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 8969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability52▼-21
Solvency53▲+17
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.11 in 2023; short-term debt: 71.6% and cash: 25% of total assets), and 71.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
28.4%
Return on assets
0.5%
Age of the figures
20 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
61 d late
2022
61 d late
2021
24 d late
2020
60 d late
2019
53 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€174k▼ 30.9%
2019 · €252k
2019: €252k
2019 → 2020
EBIT margin
1.7%▲ 4.7pp
2019 · -3.0%
2019: -3.0%
2019 → 2020
Net result
€284▼ 94.5%
2023 · €5k
2019: €-7k
2020: €3k
2021: €3k
2022: €2k
2023: €5k
2019 → 2024
Working capital
€17k▲ 8.8%
2023 · €15k
2019: €3k
2020: €5k
2021: €8k
2022: €9k
2023: €15k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€174k-
Equity€8k-€10k▲ 33.3%€12k▲ 15.5%€17k▲ 43.8%€17k▲ 1.7%
Operating result€3k-€3k▼ 6.1%€-6k€5k€1k▼ 75.4%
Net result€3k-€3k▼ 6.1%€2k▼ 38.0%€5k▲ 226%€284▼ 94.5%
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 2024; 2024 is 75% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €60k
Fixed assets
€400▼ 72.8%
Current assets
€60k▼ 59.8%
Equity and liabilities €60k
Equity
€17k▲ 1.7%
Debt
€43k▼ 67.7%
The debt ratio falls from 88.8% to 71.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▼
2023 · €6k
Cash flow
€1k▼
2023 · €6k
Solvency
28.4%▲
2023 · 11.2%
Current ratio
1.39▲
2023 · 1.11
Quick ratio
1.39▲
2023 · 1.11
Debt / equity
2.53▼
2023 · 7.95
ROE
1.7%▼
2023 · 30.4%
ROA
0.5%▼
2023 · 3.4%
Interest coverage
3.92▼
2023 · 13.73
Debt
€43k▼
2023 · €134k
Debt ≤ 1 year
€43k▼
2023 · €134k
Income taxes
€563
Staff costs
€32k▲
2023 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€150k€60k▼
Fixed assets21/28€1k€400▼
Tangible fixed assets22/27€1k€340▼
Furniture and vehicles24€1k€340▼
Financial fixed assets28€60€60=
Current assets29/58€149k€60k▼
Amounts receivable within one year40/41€29k€45k▲
Trade receivables40€2k€21k▲
Other amounts receivable41€27k€24k▼
Cash at bank and in hand54/58€120k€15k▼
Equity and liabilities
Total equity and liabilities10/49€150k€60k▼
Equity10/15€17k€17k▲
Contributions10/11€12k€12k=
Outside capital11€12k€12k=
Share premium1100/10€12k€12k=
Profit (loss) carried forward14€4k€5k▲
Amounts payable17/49€134k€43k▼
Amounts payable within one year42/48€134k€43k▼
Trade debts44€87k€8k▼
Suppliers440/4€87k€8k▼
Advances received on contracts in progress46€13k-
Taxes, remuneration and social security45€34k€25k▼
Taxes450/3€22k€8k▼
Remuneration and social security454/9€12k€17k▲
Other amounts payable47/48€246€11k▲
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€192k€206k▲
Remuneration, social security and pensions62€28k€32k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€384€405▲
Gross operating margin9900€34k€35k▲
Operating profit (loss)9901€5k€1k▼
Financial income75/76B€694€231▼
Recurring financial income75€694€231▼
Financial charges65/66B€432€577▲
Recurring financial charges65€432€577▲
Profit (loss) for the period before taxes9903€5k€847▼
Income taxes67/77-€563
Profit (loss) for the period9904€5k€284▼
Profit (loss) for the period to be appropriated9905€5k€284▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€5k▲
Profit (loss) brought forward from the previous period14P€-707€4k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2019net €5k ▲226%
Operating result €5k, net result €5k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
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, Brussel · 1 establishment unit since 2018
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.
Paleizenstraat over de Bruggen 460 A1020 BrusselGround area
2,626 m²
Building footprint
539 m²
Volume, LiDAR
5,143 m³
Parcel 21815D0248/00M000, Brussels · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MHN PROJECT
since 20182.276.701.648
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0248/00M000 | Brussels | 2,626 m² | 1 · 539 m² | 14.6 m · 3 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 13,426 companies in sector 73300 we hold annual accounts for 6,900. 4,512 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-06-2018
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
70200Business and other management consultancy
70220Business consulting
82190Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.