Financials
- Fiscal year
- 2024
- Total assets
- €248,844
- Loss
- -€60,866
- Solvency
- -90.8%
Total assets▼ 17.4%
Net result
20182024
M.I.C. ELECTRONICS
ActiveSummary
The computed 12-month bankruptcy probability of M.I.C. ELECTRONICS is 2.7% (moderate). The 2024 annual accounts show negative equity (-€225,940) and a net result of -€60,866. Equity is shrinking by ~56.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 15861 sector peers (fiscal year 2024). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale of machine tools
NACE 46620NACE 51810
#4 oldest company in Sint-Laureins, Wholesale and retail trade sector1 site
Size
€248,844total assets 2024
- Equity
- -€225,940
- Loss
- -€60,866
Turnover not published (abridged schema)
Structure
Accounts 63 d overdue0 of 6 deeds read
Why 49- 1 financial year not filed after the legal deadline; latest accounts 98 days late; 3 of the last 3 late- Liquidity: current ratio 0.14, cash €1,136, halved+ Founded in 1983+ Size: total assets €248,844Show the evidence
Checked score
Score 2024
49
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 7% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2023
Weak
Solvency
0=
equity -90.8% of total assets
Liquidity
1-1
short-term debt 190.8% · cash 0.5%
Profitability
0=
return on assets -24.5%
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 9 months
02-2026: 1.9%
03-2026: 1.9%▼ -0.7% vs 02-2026lowest value
04-2026: 1.9%● 0.0% vs 03-2026lowest value
05-2026: 1.9%● 0.0% vs 04-2026lowest value
06-2026: 2.1%▲ +8.8% vs 05-2026
07-2026: 2.2%▲ +8.0% vs 06-2026
08-2026: 2.6%▲ +16.6% vs 07-2026
09-2026: 2.6%▼ -2.3% vs 08-2026
10-2026: 2.7%▲ +5.4% vs 09-2026highest value
- Founded in 1983 lowers the probability for this profile
- Size: total assets €248,844 lowers the probability for this profile
- 1 financial year not filed after the legal deadline; latest accounts 98 days late; 3 of the last 3 late raises the probability
- Liquidity: current ratio 0.14, cash €1,136, halved raises the probability
No credit on open account
Liquidity short (current ratio 0.14 against 0.23 in 2023; short-term debt: 190.8% and cash: 0.5% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 6%, liquidity 3%, profitability 6%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€225,940
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-11-2025, 98 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
98 d late
2023
61 d late
2022
165 d late
2021
178 d late
2020
256 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 131 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
- Annual accounts filedfiscal year 2022 · micro…
Key points
- Risk: Negative equityfiscal year 2024: debts exceed assets -€225,940 View
- Risk: 5 loss-making years in a rowloss fiscal year 2024 -€60,866 View
- Caution: Among the weakest 5% on net resultsector median €4,847 · 15,842 companies -€60,866 View
- Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
- Caution: Equity fell in 2024from -€165,074 to -€225,940 ▼ 36.9% View
By topic
Timeline
- Events
- 12
- Since
- 2016
- 06-11-2025Annual accounts filed
- 30-09-2024Annual accounts filed
- 12-01-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Wholesale of machine toolsNACE 46620
- Founded
- 21-12-1983
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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