Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MH-Invest from Sint-Truiden, company number BE0537967047, closed financial year 2025 with a result of € 3,439 after tax. For that financial year MH-Invest recorded a gross margin of € 728,058 and equity of € 151,922. Compared with financial year 2024, the result moved from € 6,863 to € 3,439. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 1, 2026.
€ 151,922
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3,439
▼ 50% vs 2024
Profit after tax over the fiscal year.
€ 51,750
▼ 75% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1,922.
People and assets in 2025
15.8
▲ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 577,431
▲ 15% vs 2024
€ 36,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 160,907
▲ € 157,289 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 858,872
▼ 14% vs 2024
€ 137,436 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 70,924
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 62,379
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 580,808 | € 695,135 | € 673,507 | € 728,058 | ▲ 8% |
| Profit after taxes | € -56,737 | € 22,760 | € 6,863 | € 3,439 | ▼ 50% |
| Equity | € 118,859 | € 141,619 | € 148,483 | € 151,922 | ▲ 2% |
| Total debts | € 1,653,400 | € 1,371,980 | € 1,256,328 | € 1,036,644 | ▼ 17% |
| Cash | € 29,129 | € 111,324 | € 208,256 | € 51,750 | ▼ 75% |
| Land & buildings | € 1,481,250 | € 668,444 | € 621,928 | € 665,177 | ▲ 7% |
| Retained profit | € -31,141 | € -8,381 | € -1,517 | € 1,922 | ▲ € 3,439 |
| Bank debt | € 1,268,894 | € 1,132,596 | € 995,924 | € 858,872 | ▼ 14% |
| Balance sheet total | € 1,772,259 | € 1,513,599 | € 1,404,810 | € 1,188,566 | ▼ 15% |
| Employees (FTE) | 15.5 | 15 | 14.7 | 15.8 | ▲ 1.1 |
Key figures of MH-Invest, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to MH-Invest?
What happened at MH-Invest in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3,439 (▼ 50% vs 2024). Source: NBB ↗
- New establishment in Sint-Truiden. KBO
- Start of the company according to the CBE. KBO
In short
From € 56,737 loss in 2022 to € 3,439 profit in 2025.
Paid € 5,815 in corporate taxes since 2022.
Best year ever: 2023, with € 22,760 profit.
On average € 46,100 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MH-Invest is Michaël Hendrickx. Michaël Hendrickx is also behind Eralimmo.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Groenstraat 5920 box 1
3800 Sint-Truiden
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →V-Onderhoud
€ -17,053 gross margin · 2024
KH TRANS
€ 512,939 gross margin · 2025
L-PROJECTS
€ 69,357 gross margin · 2025
Eralimmo same network
€ 937,798 gross margin · 2025
P.H.LOGISTICS
€ 1.3 million gross margin · 2025
+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0537.967.047
- VAT number
- BE 0537.967.047
- Registered office
- Groenstraat 5920 bus 1, 3800 Sint-Truiden
- Names & denominations
- MH-Invest
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 September 2013
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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