Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 7 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MH LOGISTICS from Liège, company number BE0740584508, closed financial year 2025 with a result of € -47,248 after tax. For that financial year MH LOGISTICS recorded a gross margin of € 552,681 and equity of € -512,491. Compared with financial year 2024, the result moved from € -282,103 to € -47,248. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ -512,491
▼ € 263,248 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -47,248
▲ 83 % less loss than in 2024
Profit after tax over the fiscal year.
€ 140,985
▲ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -573,991.
People and assets in 2025
€ 21,251
▼ 27% vs 2024
Of which on lease € 9,132.
Debts at end 2025
€ 6.2 million
▲ 3% vs 2024
€ 5,613 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 52,431
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,885
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 65,510 | € 231,053 | € 278,415 | € 552,681 | ▲ 99% |
| Profit after taxes | € -105,026 | € -88,361 | € -282,103 | € -47,248 | ▲ € 234,854 |
| Equity | € 121,221 | € 32,859 | € -249,243 | € -512,491 | ▼ € 263,248 |
| Total debts | € 2,862,558 | € 3,717,986 | € 6,172,973 | € 6,359,838 | ▲ 3% |
| Cash | € 61,155 | € 117,121 | € 128,621 | € 140,985 | ▲ 10% |
| Land & buildings | € 2,526,249 | € 3,209,225 | € 5,361,719 | € 5,340,612 | |
| Retained profit | € -156,279 | € -244,641 | € -526,743 | € -573,991 | ▼ € 47,248 |
| Bank debt | € 2,704,941 | € 3,253,878 | € 5,985,600 | € 6,184,024 | ▲ 3% |
| Balance sheet total | € 2,983,779 | € 3,750,845 | € 5,923,730 | € 5,847,347 | ▼ 1% |
| Employees (FTE) | - | 1 | 1 | - |
Key figures of MH LOGISTICS, 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 MH LOGISTICS?
What happened at MH LOGISTICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 47,248. filed late Source: NBB ↗
- New establishment in Seraing. KBO
- Start of the company according to the CBE. KBO
In short
From € 105,026 loss in 2022 to € 47,248 loss in 2025.
Paid € 203 in corporate taxes since 2022.
On average € 278,400 of value added per employee in 2024.
A new publication or filing at MH LOGISTICS? We notify you, reason included.
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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 LOGISTICS are Bernard Heiderscheidt and Laurent Massillon. The same people are also behind L.B-POST INVEST. Bernard Heiderscheidt is also behind SECO MANCO and GEOPRO 3.14. Laurent Massillon is also behind IMMO YMCO, YACHA IMMO, RM DEVELOPPEMENT, Notos IMMO and IMMO JENA.
Directors
According to the 2025 annual accounts
Laurent Massillon
Director
Also active at: IMMO YMCO, YACHA IMMO, RM DEVELOPPEMENT, L.B-POST INVEST, Notos IMMO, IMMO JENA, LBMH
Establishments
Establishment units
Physical locations of this company
Avenue Blonden 44 box 12
4000 Liège
Rue Dolet 5-7
4100 Seraing
Active since 30 December 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →IMMO YMCO same network
€ 16,441 gross margin · 2025
FE CONCEPT
€ -4,553 gross margin · 2025
YACHA IMMO same network
€ 19,875 gross margin · 2025
RM DEVELOPPEMENT same network
€ 67,288 gross margin · 2025
HAPPY Business Center
+6 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
- 0740.584.508
- VAT number
- BE 0740.584.508
- Registered office
- Avenue Blonden 44 bus 12, 4000 Liège
- Names & denominations
- MH LOGISTICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 December 2019
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
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