Mika & Bain
ActiveSummary
The annual accounts of Mika & Bain for financial year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €96,220 and a net result of -€103,457. Equity has been growing by about 32% per year since 2018. Its solvency ranks better than 11% of 39,275 sector peers (NACE 70, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-10-2014 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 2 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.236.291.844 3945 Ham, since 09-10-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €307,252
- ▲ 142%
- Turnover
- ≈ €440,000
- estimated
- Loss
- €103,457
- Equity
- €96,220
- ▼ 51.8%
- Total assets
- €2.7m
- ▲ 118%
- Employees on 31-12-2025
- 1
- =
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 0.15, cash €2,682Equity €96,220 (3.6% of total assets)lowers riskSize: total assets €2.7mFigures for financial year 2025 (filed on 30-06-2026)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 7% of them on solvency, 15% on liquidity, 27% on profitability and 4% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 30-06-2026 at the NBB all 11 filings
Every figure per financial year
The operating result for 2025 is a loss of €10,261, after a profit of €21,171 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 1 | 1 | 1 |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 1 | - | - |
| Left | 0 | - | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €25,586 | €25,207 | €51,232 | €724,825 | €2.1m |
| Depreciation and write-downs of the year | €384 | €3,506 | €6,391 | €42,258 | €301,048 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €26,188 | €62,575 | €14,181 | ▼ 77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,319 | €5,068 | €4,055 | €384 | €3,506 | €6,391 | €42,258 | €301,048 | ▲ 612% |
| Other operating charges640/8 | - | - | - | €1,321 | €1,189 | €1,013 | €825 | €2,283 | ▲ 177% |
| Gross operating margin9900 | €24,571 | €3,770 | €5,786 | €73,313 | €158,485 | €9,201 | €126,829 | €307,252 | ▲ 142% |
| Operating profit (loss)9901 | €16,544 | -€2,929 | -€396 | €71,608 | €153,790 | -€24,390 | €21,171 | -€10,261 | - |
| Financial income75/76B | - | - | - | €6,395 | €6,754 | €20,121 | €463 | €2,570 | ▲ 455% |
| Recurring financial income75 | €152 | €280 | - | €6,395 | €6,754 | €20,121 | €463 | €2,570 | ▲ 455% |
| Financial charges65/66B | - | - | - | €1,991 | €5,050 | €5,256 | €5,185 | €95,259 | ▲ 18× |
| Recurring financial charges65 | €4,580 | €3,525 | €3,259 | €1,991 | €5,050 | €5,256 | €5,185 | €95,259 | ▲ 18× |
| Profit (loss) for the period before taxes9903 | €12,116 | -€6,173 | -€3,655 | €76,012 | €155,495 | -€9,525 | €16,449 | -€102,950 | - |
| Income taxes67/77 | €3,917 | €496 | €323 | €18,839 | €44,414 | €497 | €1,069 | €507 | ▼ 52.5% |
| Profit (loss) for the period9904 | €8,199 | -€6,669 | -€3,978 | €57,173 | €111,081 | -€10,022 | €15,381 | -€103,457 | - |
| Profit (loss) for the period to be appropriated9905 | €8,199 | -€6,669 | -€3,978 | €57,173 | €111,081 | -€10,022 | €15,381 | -€103,457 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.7m | €1.2m | €2.7m | ▲ 118% |
| Fixed assets21/28 | €0.009m | €0.004m | - | €0.004m | €0.03m | €0.07m | €0.8m | €2.5m | ▲ 233% |
| Tangible fixed assets22/27 | €0.009m | €0.004m | - | €0.004m | €0.03m | €0.07m | €0.8m | €2.5m | ▲ 233% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.05m | €0.7m | €0.9m | ▲ 26.0% |
| Furniture and vehicles24 | - | - | - | €0.004m | €0.03m | €0.02m | €0.01m | €0.03m | ▲ 134% |
| Leasing and similar rights25 | - | - | - | - | - | - | - | €1.5m | - |
| Current assets29/58 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.6m | €0.5m | €0.2m | ▼ 64.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €0.2m | €0.2m | - | - | - |
| Other amounts receivable291 | - | - | - | - | €0.2m | €0.2m | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.2m | €0.3m | €0.1m | €0.4m | €0.5m | €0.2m | ▼ 65.5% |
| Trade receivables40 | - | - | - | €0.02m | €0.008m | €413 | €0.004m | €488 | ▼ 88.1% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.1m | €0.4m | €0.5m | €0.2m | ▼ 65.3% |
| Cash at bank and in hand54/58 | - | €0.001m | €0.01m | €0.02m | €0.003m | €0.02m | €0.001m | €0.003m | ▲ 295% |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.009m | €0.006m | €0.006m | €0.006m | ▲ 0.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.7m | €1.2m | €2.7m | ▲ 118% |
| Equity10/15 | €0.04m | €0.03m | €0.03m | €0.08m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 51.8% |
| Contributions10/11 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.07m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.07m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Profit (loss) carried forward14 | - | -€0.007m | -€0.01m | - | - | -€0.01m | - | -€0.1m | - |
| Amounts payable17/49 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.5m | €1.0m | €2.6m | ▲ 151% |
| Amounts payable after more than one year17 | €0.01m | €0.007m | €0.004m | €0.08m | €0.08m | €0.05m | €0.02m | €1.5m | ▲ 84× |
| Financial debts170/4 | - | - | - | €0.08m | €0.08m | €0.05m | €0.02m | €1.5m | ▲ 84× |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | €0.5m | €1.0m | €1.1m | ▲ 9.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.07m | €0.07m | €0.07m | €0.1m | ▲ 60.5% |
| Trade debts44 | €0.01m | €0.01m | €0.03m | €0.001m | €0.009m | €0.06m | €0.2m | €0.004m | ▼ 97.5% |
| Suppliers440/4 | - | - | - | €0.001m | €0.009m | €0.06m | €0.2m | €0.004m | ▼ 97.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.04m | €0.05m | €0.03m | €0.02m | €0.006m | ▼ 67.9% |
| Taxes450/3 | - | - | - | €0.04m | €0.05m | €0.02m | €0.006m | €0.004m | ▼ 29.1% |
| Remuneration and social security454/9 | - | - | - | - | €0.002m | €0.007m | €0.01m | €0.002m | ▼ 84.6% |
| Other amounts payable47/48 | - | - | - | €0.05m | €0.03m | €0.3m | €0.8m | €1.0m | ▲ 28.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.001m | €0.001m | €0.001m | ▲ 104% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.008m | -€0.007m | -€0.004m | €0.06m | €0.1m | -€0.01m | €0.02m | -€0.1m | - |
| + Depreciation and write-downs630 | €0.006m | €0.005m | €0.004m | €384 | €0.004m | €0.006m | €0.04m | €0.3m | ▲ 612% |
| Operating cash flow (approximation) | €0.01m | -€0.002m | €77 | €0.06m | €0.1m | -€0.004m | €0.06m | €0.2m | ▲ 243% |
| Investment in fixed assets (approximation) | - | €0 | - | - | -€0.03m | -€0.05m | -€0.7m | -€2.1m | ▼ 184% |
| Change in cash | - | - | €0.01m | €0.004m | -€0.01m | €0.02m | -€0.02m | €0.002m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,037 companies had the same profile as Mika & Bain has now. Two years later, 93.8% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Mika & Bain itself is lower: 0.2% within 12 months. It rests on far more data about Mika & Bain than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,037 companies, not a prediction for Mika & Bain. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00237140 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00209668 | |
| 31-12-2023 | micro format | 16-07-2024 | 2024-00253539 | |
| 31-12-2022 | micro format | 21-08-2023 | 2023-00342471 | |
| 31-12-2021 | micro format | 18-07-2022 | 2022-20201053 | |
| 31-12-2020 | micro format | 02-08-2021 | 2021-44700228 | |
| 31-12-2019 | micro format | 17-07-2020 | 2020-31300455 | |
| 31-12-2018 | micro format | 10-07-2019 | 2019-31000297 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-25500551 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-24500206 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 11-09-2026 Converted to unavailable equity · €14,260
- 11-09-2026 Converted to uncalled contributions · €6,200
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CIFTCI Metin |
|
Articles of association
Board and representation
- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “De algemene vergadering beslist of het mandaat van de bestuurder al dan niet ten kosteloze titel wordt uitgeoefend, Indien het mandaat van…”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Aandelen moeten bij hun uitgifte worden volgestort, In geval van een enige aandeelhouder-bestuurder, bepaalt deze laatste vrij, naargelang…”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Ten minste 15 dagen, dag van de openstelling van de intekening”
- Profit allocationThe articles set how profit is distributed. A BV may only pay out after a balance-sheet and liquidity test.
- “De vennootschap kan elke uitkering die hiermee in strijd is verricht van de aandeelhouders terugvorderen, ongeacht hun goede of kwade…”
Articles of association, deed of 11-09-2026 (in Dutch)
Network & group
Mika & Bain shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of Mika & Bain. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
11-09
Gazette deed
Company renamed from Mc Profinity to Mika & BainResignation: CIFTCI Metin (manager) · Reappointment: CIFTCI Metin (director) · Purpose change19 points ▸
- General meeting, 18-08-2026
- Other provision, 05-08-2026
- Purpose change
- Name change, Mika & Bain
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “opheffen, beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “huidige inbrengen op beschikbare eigen vermogensrekening, accounting treatment of contributions” (deed in Dutch)
- Other provision, “release from payment obligation, opheffen” (deed in Dutch)
- Other provision, “terminology changes” (deed in Dutch)
- Other provision, “unchanged elements” (deed in Dutch)
- The act holds 7 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
52 activities
- Verhuur van niet-residentiële gebouwen zoals kantoorgebouwen, handelspanden, tentoonstellingsruimtes, enzovoort;
- De uitbating van een bedrijvencentrum;
- Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering;
- Verhuur en lease van kantoormachines, inclusief computers;
- Verhuur en lease van woon- en bureelcontainers en dergelijke accommodatie;
- Ontwerpen en programmeren van computerprogramma's;
- Andere vormen van arbeidsbemiddeling;
- Diverse administratieve activiteiten ten behoeve van kantoren;
- Fotokopiëren, documentvoorbereiding en andere gespecialiseerde ondersteunende activiteiten ten behoeve van kantoren;
- Organisatie van congressen en beurzen;
- Overige zakelijke dienstverlening, niet elders genoemd;
- Computerconsultancy-activiteiten;
- Beheer van computerfaciliteiten;
- Overige diensten op het gebied van informatietechnologie en computer;
- Gegevensverwerking, webhosting en aanverwante activiteiten;
- Webportalen;
- Overige dienstverlenende activiteiten op het gebied van informatie, niet eerder genoemd;
- Overige financiële dienstverlening;
- Handel in eigen onroerend goed;
- Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen;
- Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen;
- Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis;
- Schaten en evalueren van onroerend goed voor een vast bedrag of op contractbasis;
- Beheer van residentieel onroerend goed voor een vast bedrag of op contractbasis;
- Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis;
- Adviesbureaus op het gebied van public relations en communicatie;
- Ingenieurs en aanverwante technische adviseurs, exclusief landmeters;
- Verhuur en lease van machines en installaties voor de bouwnijverheid en de wegenwaterbouw;
- Verhuur en lease van andere machines en werktuigen en andere materiële goederen;
- Lease van intellectuele eigendom en vergelijkbare producten, met uitzondering van werken onder auteursrecht;
- Reparatie van computers en randapparatuur;
- Reparatie van communicatieapparatuur;
- Op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven die in meerderheid tot de financiële sector behoren;
- Managementactiviteiten van holdings: tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het maatschappelijk kapitaal, enzovoort;
- Op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren;
- Overige kredietverstrekking, niet elders genoemd;
- Handel in eigen onroerend goed: flatgebouwen en woningen, niet voor bewoning bestemde gebouwen, grond;
- Verkoop van eigen handelszaken en van zelf verworven sleutelgeld (overname);
- Verhuur van al dan niet gemeubelde appartementen en huizen;
- Verhuur van appartementen in hotels;
- Verhuur per jaar van garageboxen en staanplaatsen voor auto's;
- Verhuur van handelszaken (in een stelsel van vrije geranten);
- Verhuur van grond en terreinen, ook indien bebouwd, voor landbouwdoeleinden;
- Verhuur van staanplaatsen voor caravans voor een periode van een jaar of meer;
- Activiteiten van hoofdkantoren;
- Verlenen van adviezen en hulp aan het bedrijfsleven en de overheid op het gebied van planning, organisatie, efficiëntie en toezicht, het verschaffen van informatie aan de bedrijfsleiding, enzovoort;
- Berekenen van de kosten en baten van de voorgestelde maatregelen op het gebied van planning, organisatie, efficiëntie, enzovoort;
- Algemene audit-activiteiten;
- Verlenen van advies op het gebied van beveiliging aan het bedrijfsleven en aan de overheid;
- Overige gespecialiseerde wetenschappelijke en technische activiteiten;
- Diverse ondersteunende activiteiten ten behoeve van voorzieningen;
- De verhuur, leasing, aan- en verkoop, import, export, onderhoud, beheer en exploitatie van alle soorten voertuigen, zowel nieuwe als tweedehands, waaronder begrepen, maar niet beperkt tot, personenwagens, lichte vrachtwagens, bestelwagens, vrachtwagens, opleggers, aanhangwagens, bedrijfsvoertuigen, speciale voertuigen en alle andere rollende materieel, evenals de onderdelen, accessoires en toebehoren ervan.