MI!
ActiveSummary
The computed 12-month bankruptcy probability of MI! is 1.8% (moderate). The 2025 annual accounts show equity of €129,154 and a net result of -€80,480. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 3728 sector peers (fiscal year 2025). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-66
Solvency55▼-21
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.49 against 2.13 in 2024; short-term debt: 37.9% and cash: 9.7% of total assets), and 69.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.2%
Return on assets
-18.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-09-2026, 35 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
35 d late
2024
26 d late
2023
61 d late
2022
68 d late
2021
124 d late
2020
236 d late
2019
14 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 77 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#6 company by total assets in Ranst, Accommodation and food service sector#8 company by equity in Ranst, Accommodation and food service sector
Equity
€129,154▼ 45.7%
2024 · €237,868
Total assets
€427,157▼ 7.9%
2024 · €463,971
Net result
-€80,480
2024 · €873
Working capital
€79,838▼ 46.3%
2024 · €148,605
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€150,809€183,143▲ 21.4%€26,885▼ 85.3%€24,053▼ 10.5%-€45,608
Net result€141,002€138,732▼ 1.6%€35,827▼ 74.2%€873▼ 97.6%-€80,480
Equity€62,437€201,169▲ 222%€236,995▲ 17.8%€237,868▲ 0.4%€129,154▼ 45.7%
Total assets€261,188▲ 175%€351,670▲ 34.6%€396,967▲ 12.9%€463,971▲ 16.9%€427,157▼ 7.9%
Debt€194,751▲ 14.9%€146,501▼ 24.8%€155,971▲ 6.5%€222,103▲ 42.4%€294,003▲ 32.4%
Working capital€56,189€156,934▲ 179%€144,568▼ 7.9%€148,605▲ 2.8%€79,838▼ 46.3%
Staff (FTE)5.4▲ 68.8%9.6▲ 77.8%3.2▼ 66.7%2.9▼ 9.4%2.8▼ 3.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €45,608 after €24,053 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €427,157
Fixed assets
€185,550 ▲ 0.7%
Current assets
€241,607 ▼ 13.6%
Equity and liabilities €427,157
Equity
€129,154 ▼ 45.7%
Provisions
€4,000 =
Debt
€294,003 ▲ 32.4%
Debt's share of the balance-sheet total rises from 47.9% to 68.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3,744▼
2024 · €61,696
Cash flow
-€31,128▼
2024 · €38,516
Current ratio
1.49▼
2024 · 2.13
Quick ratio
1.36▼
2024 · 2.13
Debt to equity
2.28▲
2024 · 0.93
ROE
-62.3%▼
2024 · 0.4%
ROA
-18.8%▼
2024 · 0.2%
Interest coverage
0.28▼
2024 · 5.84
Debt ≤ 1 year
€161,769▲
2024 · €131,175
Debt > 1 year
€132,235▲
2024 · €90,928
Income taxes
€21,648▲
2024 · €12,934
Staff costs
€164,498▲
2024 · €144,873
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €248 | €0 | - | - | €137 | - |
| Remuneration, social security and pensions62 | €58,618 | €87,771 | €78,128 | €144,873 | €164,498 | ▲ 13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,256 | €12,605 | €32,880 | €37,643 | €49,351 | ▲ 31.1% |
| Other operating charges640/8 | €2,044 | €3,153 | €1,678 | €2,998 | €6,209 | ▲ 107% |
| Non-recurring operating charges66A | €1,123 | €0 | - | €1,296 | €0 | ▼ 100% |
| Gross operating margin9900 | €222,850 | €286,672 | €139,571 | €210,864 | €174,451 | ▼ 17.3% |
| Operating profit (loss)9901 | €150,809 | €183,143 | €26,885 | €24,053 | -€45,608 | ▼ 290% |
| Financial income75/76B | €529 | €93 | €86 | €328 | €366 | ▲ 11.6% |
| Recurring financial income75 | €529 | €93 | €86 | €328 | €366 | ▲ 11.6% |
| Financial charges65/66B | €6,104 | €3,400 | €4,088 | €10,573 | €13,589 | ▲ 28.5% |
| Recurring financial charges65 | €6,104 | €3,400 | €4,088 | €10,573 | €13,589 | ▲ 28.5% |
| Profit (loss) for the period before taxes9903 | €145,234 | €179,836 | €22,883 | €13,807 | -€58,831 | ▼ 526% |
| Income taxes67/77 | €4,232 | €41,104 | -€12,944 | €12,934 | €21,648 | ▲ 67.4% |
| Profit (loss) for the period9904 | €141,002 | €138,732 | €35,827 | €873 | -€80,480 | ▼ 9,317% |
| Profit (loss) for the period to be appropriated9905 | €141,002 | €138,732 | €35,827 | €873 | -€80,480 | ▼ 9,317% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €261,188 | €351,670 | €396,967 | €463,971 | €427,157 | ▼ 7.9% |
| Fixed assets21/28 | €30,334 | €48,235 | €139,616 | €184,191 | €185,550 | ▲ 0.7% |
| Tangible fixed assets22/27 | €27,607 | €45,508 | €131,890 | €166,465 | €167,823 | ▲ 0.8% |
| Plant, machinery and equipment23 | €15,626 | €37,262 | €58,216 | €60,993 | €82,365 | ▲ 35.0% |
| Furniture and vehicles24 | €8,324 | €5,521 | €37,399 | €78,292 | €67,303 | ▼ 14.0% |
| Leasing and similar rights25 | - | - | €34,480 | €26,318 | €18,155 | ▼ 31.0% |
| Other tangible fixed assets26 | €3,657 | €2,726 | €1,794 | €863 | €0 | ▼ 100% |
| Financial fixed assets28 | €2,726 | €2,726 | €7,726 | €17,726 | €17,726 | = |
| Current assets29/58 | €230,854 | €303,435 | €257,350 | €279,780 | €241,607 | ▼ 13.6% |
| Stocks and contracts in progress3 | €20,444 | €0 | - | - | €20,830 | - |
| Stocks30/36 | €20,444 | €0 | - | - | €20,830 | - |
| Amounts receivable within one year40/41 | €182,096 | €233,002 | €249,001 | €249,681 | €178,901 | ▼ 28.3% |
| Trade receivables40 | €176,652 | €142,925 | €156,551 | €141,030 | €106,522 | ▼ 24.5% |
| Other amounts receivable41 | €5,444 | €90,077 | €92,450 | €108,651 | €72,378 | ▼ 33.4% |
| Cash at bank and in hand54/58 | €26,687 | €70,433 | €8,350 | €29,713 | €41,446 | ▲ 39.5% |
| Deferred charges and accrued income490/1 | €1,627 | €0 | - | €385 | €431 | ▲ 11.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €261,188 | €351,670 | €396,967 | €463,971 | €427,157 | ▼ 7.9% |
| Equity10/15 | €62,437 | €201,169 | €236,995 | €237,868 | €129,154 | ▼ 45.7% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €11,193 | €182,569 | €216,535 | €217,408 | €108,694 | ▼ 50.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €9,333 | €9,333 | €9,333 | €9,333 | €9,333 | = |
| Distributable reserves133 | - | €171,376 | €207,202 | €208,075 | €99,361 | ▼ 52.2% |
| Profit (loss) carried forward14 | €32,644 | €0 | - | - | €0 | - |
| Provisions and deferred taxes16 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Deferred taxes168 | €4,000 | €4,000 | €4,000 | €4,000 | €4,000 | = |
| Amounts payable17/49 | €194,751 | €146,501 | €155,971 | €222,103 | €294,003 | ▲ 32.4% |
| Amounts payable after more than one year17 | €20,086 | €0 | €43,189 | €90,928 | €132,235 | ▲ 45.4% |
| Financial debts170/4 | €20,086 | €0 | €43,189 | €90,928 | €132,235 | ▲ 45.4% |
| Amounts payable within one year42/48 | €174,665 | €146,501 | €112,782 | €131,175 | €161,769 | ▲ 23.3% |
| Current portion of amounts payable after more than one year42 | €30,621 | €22,884 | €18,941 | €47,511 | €75,484 | ▲ 58.9% |
| Financial debts43 | - | - | €38,054 | €15,000 | €7,500 | ▼ 50.0% |
| Credit institutions430/8 | - | - | €38,054 | €15,000 | €7,500 | ▼ 50.0% |
| Trade debts44 | €100,188 | €62,595 | €30,624 | €55,257 | €73,208 | ▲ 32.5% |
| Suppliers440/4 | €100,188 | €62,595 | €30,624 | €55,257 | €73,208 | ▲ 32.5% |
| Taxes, remuneration and social security45 | €20,940 | €48,431 | €24,935 | €13,407 | €206 | ▼ 98.5% |
| Taxes450/3 | €12,178 | €45,277 | €20,142 | €8,520 | €206 | ▼ 97.6% |
| Remuneration and social security454/9 | €8,762 | €3,154 | €4,794 | €4,887 | €0 | ▼ 100% |
| Other amounts payable47/48 | €22,916 | €12,592 | €228 | €0 | €5,371 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €141,002 | €138,732 | €35,827 | €873 | -€80,480 | ▼ 9,317% |
| + Depreciation and write-downs630 | €10,256 | €12,605 | €32,880 | €37,643 | €49,351 | ▲ 31.1% |
| Operating cash flow (approximation) | €151,257 | €151,337 | €68,707 | €38,516 | -€31,128 | ▼ 181% |
| Investment in fixed assets (approximation) | - | -€30,506 | -€124,261 | -€82,218 | -€50,710 | ▲ 38.3% |
| Change in cash | - | €43,746 | -€62,084 | €21,364 | €11,732 | ▼ 45.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 35 days late
2025
31-12
Financial
Weakest financial yearnet -€80,480
Net result drops to -€80,480, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
31-12
Financial
Equity above €200,000Eq €201,169 ▲222%
2 profitable years in a row build equity to €201,169.
02-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 124 days late
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 236 days late
2021
31-12
Financial
Back to profitnet €141,002
Net result €141,002 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.32
Current ratio from 0.64 to 1.32.
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 115 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ranst · 1 establishment unit since 2015
Ground area
5,742 m²
Building footprint
2,818 m²
Volume, LiDAR
61 m³
Parcel 11010B0411/00G000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
1 establishment unit
MI !
since 20152.239.418.313
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11010B0411/00G000 | Flanders | 5,741 m² | 1 · 2,818 m² | 0.1 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 14,678 EUR awarded · 8,670 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,008 EUR | 0 EUR |
| 2024 | 1 | 4,290 EUR | 4,290 EUR |
| 2022 | 1 | 4,380 EUR | 4,380 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteRanst2.239.418.313
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Of 7,501 companies in sector 56210 we hold annual accounts for 2,448. 1,918 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
47210Retail sale of fruit and vegetables
47230Retail trade
47789Other retail sale of new goods
82300Organisation of conventions and trade shows
Scores and ratios are computed by Checked and are not a credit decision.