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M.I. SERVICES

Active
Private limited company (pre-2019)founded 200521 yrs activeJan Vanderstraetenstraat 279, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0875.087.775
Summary

The computed 12-month bankruptcy probability of M.I. SERVICES is 2.0% (moderate). The 2024 annual accounts show equity of €220,670 and a net result of €60,881. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 57% of 36364 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
M.I. SERVICESActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Joinery installation
NACE 43320NACE 45421
1 site
Size
€418,127total assets 2024
Equity
€220,670
Profit
€60,881
Turnover not published (abridged schema)
Financial health
54 Fair Checked score 2024
Bankruptcy chance 12 m
2.0%
Structure
Accounts 64 d overdue0 of 2 deeds read
Why 54- Figures for FY 2024 (filed 11-12-2025)- 1 financial year not filed after the legal deadline; latest accounts 131 days late; 3 of the last 3 late- Sector Specialised construction activities (NACE 43)+ Founded in 2005Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 55% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency 78+2
equity 52.8% of total assets
Liquidity 42+2
short-term debt 34.2% · cash 5.9%
Profitability 87+3
return on assets 14.6%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,046 companies)
Last 24 months 11-2024: 10.5%highest value 12-2024: 10.5%● 0.0% vs 11-2024highest value 01-2025: 10.5%● 0.0% vs 12-2024highest value 02-2025: 10.5%● 0.0% vs 01-2025highest value 03-2025: 10.5%● 0.0% vs 02-2025highest value 04-2025: 10.5%● 0.0% vs 03-2025highest value 05-2025: 10.5%● 0.0% vs 04-2025highest value 06-2025: 10.5%● 0.0% vs 05-2025highest value 07-2025: 10.5%● 0.0% vs 06-2025highest value 08-2025: 9.8%▼ -6.0% vs 07-2025 09-2025: 9.8%● 0.0% vs 08-2025 10-2025: 9.8%● 0.0% vs 09-2025 11-2025: 9.8%● 0.0% vs 10-2025 12-2025: 9.8%● 0.0% vs 11-2025 01-2026: 1.0%▼ -89.9% vs 12-2025 02-2026: 1.0%● 0.0% vs 01-2026 03-2026: 1.0%▼ -0.8% vs 02-2026 04-2026: 1.0%▲ +0.4% vs 03-2026 05-2026: 1.0%▲ +0.6% vs 04-2026 06-2026: 0.9%▼ -5.9% vs 05-2026 07-2026: 0.9%▼ -1.3% vs 06-2026lowest value 08-2026: 1.3%▲ +43.3% vs 07-2026 09-2026: 1.5%▲ +14.3% vs 08-2026 10-2026: 2.0%▲ +31.5% vs 09-2026
  • Figures for FY 2024 (filed 11-12-2025) raises the probability
  • 1 financial year not filed after the legal deadline; latest accounts 131 days late; 3 of the last 3 late raises the probability
  • Founded in 2005 lowers the probability for this profile
  • Sector Specialised construction activities (NACE 43) raises the probability
Credit up to €11,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.43 against 2.69 in 2023; short-term debt: 34.2% and cash: 5.9% of total assets), and 47.2% of the assets are financed with debt.
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 43, micro). Better than this share of them on solvency 57%, liquidity 32%, profitability 72%, growth against the median 59%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. 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.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Figures for FY 2024 (filed 11-12-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 131 days late; 3 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Founded in 2005
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
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 09-12-2025, 131 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 filings
Deviation from the deadline
2025
not confirmed
2024
131 d late
2023
496 d late
2022
862 d late
2021
715 d late
2020
314 d late
2019
118 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 439 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Annual accounts filedfiscal year 2022 · micro…

Key points

  • Positive: Among the best 10% on net resultsector median €9,292 · 36,333 companies €60,881 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Positive: 7 profitable years in a rowprofit 2024: €60,881 7 years View

By topic

Financials

Fiscal year
2024
Total assets
€418,127
Profit
€60,881
Solvency
52.8%
Total assets▲ 8.8%
Net result
20182024
Go to Financials

Timeline

Events
14
Since
2018
  1. 09-12-2025Annual accounts filed
  2. 09-12-2025Annual accounts filed
  3. 09-12-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Joinery installationNACE 43320
Founded
14-07-2005
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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