ACTIVE

MH LOGISTICS

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Financial year 2025 · closed on 31/12/2025
Net result
-47,2 k €
+83.3% YoY
Gross margin
552,7 k €
+98.5% YoY
Equity
-512,5 k €
-105.6% YoY

What does MH LOGISTICS do?

MH LOGISTICS is a Public limited company incorporated in 2019. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Liège.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0740.584.508
Incorporation
30/12/2019
Legal form
Public limited company
Registered office
Avenue Blonden 44 box 12
4000 Liège · WallonieSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
68203Rental and operating of own or leased real estate· main68203Rental and operating of own or leased real estate
Signals
Positive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212020
Income statement
Gross margin552,7 k €278,4 k €231,1 k €65,5 k €-5,6 k €-8,6 k €
EBITDA528,9 k €250,9 k €209,4 k €64,6 k €-6,7 k €-9,7 k €
Operating result181,6 k €-16,8 k €47,6 k €-56,8 k €-18,5 k €-10 k €
Net result-47,2 k €-282,1 k €-88,4 k €-105 k €-30,2 k €-21 k €
Balance sheet
Equity-512,5 k €-249,2 k €32,9 k €121,2 k €10,2 k €40,5 k €
Total assets5,8 M €5,9 M €3,8 M €3 M €2,1 M €567,2 k €
Cash141 k €128,6 k €117,1 k €61,2 k €94,5 k €8,4 k €
Debts6,4 M €6,2 M €3,7 M €2,8 M €2,1 M €526,7 k €
Other
Workforce–1,0 ETP1,0 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Bernard Heiderscheidt

Director

Active
Laurent Massillon

Director

Active

Ended mandates

BERNARD HEIDERSCHEIDT

Director · since 19 décembre 2019 · until 19 décembre 2025

Ended
BERNARD HEIDERSCHEIDT

Director · since 19 décembre 2019

Ended
LAURENT MASSILLON

Director · since 19 décembre 2019 · until 19 décembre 2025

Ended
LAURENT MASSILLON

Director · since 19 décembre 2019

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202130/12/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months13 months
Filing date24/08/202629/08/202530/08/202429/09/202329/09/202229/09/2021
General meeting30/06/202602/06/202503/06/202420/09/202307/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/06/202624/08/2026FrenchPDF
Abridged model31/12/202402/06/202529/08/2025FrenchPDF
Abridged model31/12/202303/06/202430/08/2024FrenchPDF
Abridged model31/12/202220/09/202329/09/2023FrenchPDF
Abridged model31/12/202107/06/202229/09/2022FrenchPDF
Abridged model31/12/202007/06/202129/09/2021FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Bernard Heiderscheidt

Director

Active
Laurent Massillon

Director

Active

Ended mandates

BERNARD HEIDERSCHEIDT

Director · since 19 décembre 2019 · until 19 décembre 2025

Ended
BERNARD HEIDERSCHEIDT

Director · since 19 décembre 2019

Ended
LAURENT MASSILLON

Director · since 19 décembre 2019 · until 19 décembre 2025

Ended
LAURENT MASSILLON

Director · since 19 décembre 2019

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates04/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office14/12/2021
    SIEGE SOCIAL
    PDF
  • Other02/01/2020
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-47,2 k €↑
  2. 2024
    Annual accounts 2024-282,1 k €↓
  3. 2023
    Annual accounts 2023-88,4 k €↑
  4. 2022
    Annual accounts 2022-105 k €↓
  5. 2021
    Annual accounts 2021-30,2 k €↓
  6. 2020
    Annual accounts 2020-21 k €
  7. 30/12/2019
    IncorporationPublic limited company