Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
20 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MHAL from Halen, company number BE0666976948, closed financial year 2025 with a result of € 17,309 after tax. For that financial year MHAL recorded a gross margin of € 58,042 and equity of € 53,821. Compared with financial year 2024, the result moved from € 16,228 to € 17,309. Profitable, and profit is growing. 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 May 26, 2026.
€ 53,821
▲ 47% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 17,309
▲ 7% vs 2024
Profit after tax over the fiscal year.
€ 30,197
▼ 8% 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 € 33,821.
Debts at end 2025
€ 279,843
▼ 12% vs 2024
€ 39,840 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 4,190
▲ € 3,489 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,132
▼ 43% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 49,669 | € 56,273 | € 57,171 | € 58,042 | ▲ 2% |
| Profit after taxes | € 9,574 | € 14,950 | € 16,228 | € 17,309 | ▲ 7% |
| Equity | € 129,334 | € 144,284 | € 36,512 | € 53,821 | ▲ 47% |
| Total debts | € 401,091 | € 359,094 | € 436,397 | € 387,227 | ▼ 11% |
| Cash | € 34,177 | € 25,069 | € 32,650 | € 30,197 | ▼ 8% |
| Land & buildings | € 486,020 | € 456,476 | € 426,932 | € 397,389 | ▼ 7% |
| Retained profit | € 109,334 | € 124,284 | € 16,512 | € 33,821 | ▲ 105% |
| Dividend | € 0 | € 0 | € 124,000 | € 0 | ▼ 100% |
| Bank debt | € 395,079 | € 357,359 | € 318,963 | € 279,843 | ▼ 12% |
| Balance sheet total | € 530,425 | € 503,378 | € 472,908 | € 441,048 | ▼ 7% |
Key figures of MHAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MHAL?
What happened at MHAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 17,309 (▲ 7% vs 2024). Source: NBB ↗
- New establishment in Halen. KBO
- Start of the company according to the CBE. KBO
- YECO BV became a director. NBB
In short
From € 9,574 profit in 2022 to € 17,309 profit in 2025.
Paid € 19,372 in corporate taxes since 2022.
Best year ever: 2025, with € 17,309 profit.
Paid out € 124,000 in dividends to the owners in total.
Management
The stake of YECO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MHALBehind MHAL is YECO BV. The shares are held by YECO (50%).
Directors
According to the 2025 annual accounts
since 2016
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Meldertsestraat 8 box 4015
3545 Halen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 20 companies are registered at this address.
All companies at this address →Bouwbedrijf Zeeuws
Vanopré
€ 3.2 million gross margin · 2025
Poels
€ 27.6 million revenue · 2025
AK PROJECTS
€ 18,491 gross margin · 2025
AK GROEP
+15 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
- 0666.976.948
- VAT number
- BE 0666.976.948
- Registered office
- Meldertsestraat 8 bus 4015, 3545 Halen
- Names & denominations
- MHAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2016
- Peppol
- Active · Active since 13 Jan 2026
- Activities · NACE
Activiteiten van holdings
Holdings