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 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MCH from Vilvoorde, company number BE0877379252, closed financial year 2025 with a result of € 574,509 after tax. For that financial year MCH recorded a gross margin of € 423,116 and equity of € 3 million. Compared with financial year 2024, the result moved from € 45,194 to € 574,509. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 3 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 574,509
▲ € 529,315 vs 2024
Profit after tax over the fiscal year.
€ 8,219
▲ 41% 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 € 955,156.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 94,060
▼ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.3 million
▲ 1% vs 2024
€ 64,530 is repaid this year. At this pace the long-term loan is gone in ≈ 36 years.
€ 10,154
▲ 104% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 82,082
▲ 100% vs 2024
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 | € 33,354 | € 58,441 | € 258,728 | € 423,116 | ▲ 64% |
| Profit after taxes | € -65,028 | € -17,723 | € 45,194 | € 574,509 | ▲ € 529,315 |
| Equity | € 2,365,577 | € 2,347,854 | € 2,393,047 | € 2,967,556 | ▲ 24% |
| Total debts | € 1,533,457 | € 1,898,428 | € 2,335,159 | € 2,432,388 | ▲ 4% |
| Cash | € 6,318 | € 7,266 | € 5,822 | € 8,219 | ▲ 41% |
| Land & buildings | € 90,000 | € 90,000 | € 90,000 | € 90,000 | |
| Retained profit | € 353,177 | € 335,454 | € 380,647 | € 955,156 | ▲ 151% |
| Dividend | € 2,500,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 1,189,964 | € 1,753,219 | € 2,289,072 | € 2,303,185 | ▲ 1% |
| Balance sheet total | € 3,899,034 | € 4,246,282 | € 4,728,206 | € 5,399,944 | ▲ 14% |
Key figures of MCH, 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 January 2027.
What happened to MCH?
What happened at MCH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 574,509 (▲ € 529,315 vs 2024). Source: NBB ↗
- ARENA PRODUCTIONS BV became a director. NBB
- Stan Croonen became a director. NBB
- SHS HOLDING BV became a director. NBB
- New establishment in Vilvoorde. KBO
- Start of the company according to the CBE. KBO
In short
From € 65,028 loss in 2022 to € 574,509 profit in 2025.
Paid € 66,363 in corporate taxes since 2022.
Best year ever: 2025, with € 574,509 profit.
Paid out € 2.5 million in dividends to the owners in total.
A new publication or filing at MCH? 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
The stake of SHS HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MCHBehind MCH are SHS HOLDING BV, ARENA PRODUCTIONS BV and Stan Croonen. The shares are held by SHS HOLDING (100%).
Directors
According to the 2025 annual accounts
since 2013
Director · represented by Marco GIAGNACOVO
Also active at: CROOBEX CONSTRUCTIES
since 2025
since 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Leuvensesteenweg 248 box B
1800 Vilvoorde
Aarschotsestraat 87 box A
1800 Vilvoorde
Active since 19 December 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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CULLERA
€ 51,698 gross margin · 2025
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€ 257,849 gross margin · 2025
+4 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
- 0877.379.252
- VAT number
- BE 0877.379.252
- Registered office
- Leuvensesteenweg 248 bus B, 1800 Vilvoorde
- Names & denominations
- MCH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 2005
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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