MI-KA
ActiveSummary
MI-KA has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €104,259 and a net result of €12,283. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 19366 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
What stands out
Overview
Accounts 62 d overdue0 of 7 deeds readTurnover not published (abridged schema)
Why 59- Higher-failure-rate region- Annual accounts: weaker financial profile- Filed more than 90 days late+ Lower-failure-rate sector+ Long track recordShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+2
Solvency64▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.64 against 0.68 in 2023; short-term debt: 48.3% and cash: 0.7% of total assets), and 61% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 2024Solvency, return and age of the figures
Solvency
39%
Return on assets
4.6%
Age of the figures
21 mo
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 14-11-2025, 106 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
106 d late
2023
86 d late
2022
92 d late
2021
78 d late
2020
122 d late
2019
91 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 96 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Equity above €100,000Eq €104,259 ▲13.4%
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2024Total assets €267,405Profit €12,283Solvency 39.0%Liquidity 0.64
Total assets
€267,405▼ 43.9%
2018 - 2024
Net result
€12,283▼ 13.2%
2018 - 2024
Equity
€104,259▲ 13.4%
2018 - 2024
Solvency
39.0%▲ 19.7pp
2018 - 2024
Financials · fiscal year 2024, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€24,735▲ 40.2%€24,736=€24,858▲ 0.5%€25,873▲ 4.1%€14,547▼ 43.8%
Net result€118within the sector's middle half▼ 96.1%€7,838within the sector's middle half▲ 6,543%€18,208within the sector's middle half▲ 132%€14,155within the sector's middle half▼ 22.3%€12,283within the sector's middle half▼ 13.2%
Equity€51,773within the sector's middle half▲ 0.2%€59,613within the sector's middle half▲ 15.1%€77,821within the sector's middle half▲ 30.5%€91,975within the sector's middle half▲ 18.2%€104,259within the sector's middle half▲ 13.4%
Total assets€399,711within the sector's middle half▲ 6.4%€449,393within the sector's middle half▲ 12.4%€419,455within the sector's middle half▼ 6.7%€476,571within the sector's middle half▲ 13.6%€267,405within the sector's middle half▼ 43.9%
Debt€347,938▲ 7.4%€389,780▲ 12.0%€341,634▼ 12.4%€384,596▲ 12.6%€163,147▼ 57.6%
Working capital-€251,977below the sector's middle half▼ 470%-€199,363below the sector's middle half▲ 20.9%-€164,874below the sector's middle half▲ 17.3%-€121,438below the sector's middle half▲ 26.3%-€45,873within the sector's middle half▲ 62.2%
Solvency13.0%within the sector's middle half▼ 0.8pp13.3%within the sector's middle half▲ 0.3pp18.6%within the sector's middle half▲ 5.3pp19.3%within the sector's middle half▲ 0.7pp39.0%within the sector's middle half▲ 19.7pp
Current ratio0.28below the sector's middle half▼ 0.120.47within the sector's middle half▲ 0.200.52within the sector's middle half▲ 0.050.68within the sector's middle half▲ 0.170.64within the sector's middle half▼ 0.04
Return on assets (ROA)0.0%within the sector's middle half▼ 0.8pp1.7%within the sector's middle half▲ 1.7pp4.3%within the sector's middle half▲ 2.6pp3.0%within the sector's middle half▼ 1.4pp4.6%within the sector's middle half▲ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 44% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €267,405
Fixed assets
€184,132 ▼ 13.7%
Current assets
€83,274 ▼ 68.4%
Equity and liabilities €267,405
Equity
€104,259 ▲ 13.4%
Debt
€163,147 ▼ 57.6%
Debt's share of the balance-sheet total falls from 80.7% to 61.0%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€43,828▼
2023 · €55,155
Cash flow
€41,565▼
2023 · €43,436
Debt to equity
1.56▼
2023 · 4.18
ROE
11.8%▼
2023 · 15.4%
Interest coverage
21.81▼
2023 · 28.18
Debt ≤ 1 year
€129,147▼
2023 · €384,596
Debt > 1 year
€34,000
Income taxes
€254▼
2023 · €9,762
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,040 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €36,178 | €23,648 | ▼ 34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €43,042 | €31,773 | €29,281 | €29,281 | €29,282 | = |
| Other operating charges640/8 | - | €3,762 | €5,616 | €2,668 | €5,573 | ▲ 109% |
| Gross operating margin9900 | €72,365 | €60,271 | €59,755 | €57,822 | €49,402 | ▼ 14.6% |
| Operating profit (loss)9901 | €24,735 | €24,736 | €24,858 | €25,873 | €14,547 | ▼ 43.8% |
| Financial charges65/66B | - | €14,216 | €343 | €1,957 | €2,010 | ▲ 2.7% |
| Recurring financial charges65 | €24,617 | €14,216 | €343 | €1,957 | €2,010 | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €118 | €10,520 | €24,515 | €23,916 | €12,537 | ▼ 47.6% |
| Income taxes67/77 | - | €2,682 | €6,308 | €9,762 | €254 | ▼ 97.4% |
| Profit (loss) for the period9904 | €118 | €7,838 | €18,208 | €14,155 | €12,283 | ▼ 13.2% |
| Profit (loss) for the period to be appropriated9905 | €118 | €7,838 | €18,208 | €14,155 | €12,283 | ▼ 13.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €399,711 | €449,393 | €419,455 | €476,571 | €267,405 | ▼ 43.9% |
| Fixed assets21/28 | €303,750 | €271,976 | €242,695 | €213,413 | €184,132 | ▼ 13.7% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €303,750 | €271,976 | €242,694 | €213,413 | €184,132 | ▼ 13.7% |
| Land and buildings22 | - | €248,521 | €225,402 | €213,413 | €179,166 | ▼ 16.0% |
| Plant, machinery and equipment23 | - | €8,059 | €5,583 | - | €629 | - |
| Other tangible fixed assets26 | - | €15,396 | €11,709 | - | €4,336 | - |
| Current assets29/58 | €95,961 | €177,417 | €176,760 | €263,158 | €83,274 | ▼ 68.4% |
| Amounts receivable within one year40/41 | €73,726 | €77,549 | €78,635 | €78,629 | €81,490 | ▲ 3.6% |
| Trade receivables40 | - | €77,549 | €77,549 | €77,549 | €77,549 | = |
| Other amounts receivable41 | - | - | €1,085 | €1,079 | €3,941 | ▲ 265% |
| Cash at bank and in hand54/58 | €4,235 | €99,868 | €98,125 | €184,529 | €1,783 | ▼ 99.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €399,711 | €449,393 | €419,455 | €476,571 | €267,405 | ▼ 43.9% |
| Equity10/15 | €51,773 | €59,613 | €77,821 | €91,975 | €104,259 | ▲ 13.4% |
| Contributions10/11 | €93,373 | €93,373 | €93,373 | €93,373 | €93,373 | = |
| Reserves13 | €4,443 | €4,443 | €4,443 | €4,443 | €4,443 | = |
| Non-distributable reserves130/1 | - | €4,443 | €4,443 | €4,443 | €4,443 | = |
| Reserves not available under the articles1311 | - | €4,443 | €4,443 | €4,443 | €4,443 | = |
| Profit (loss) carried forward14 | -€46,043 | -€38,204 | -€19,996 | -€5,841 | €6,442 | ▲ 210% |
| Amounts payable17/49 | €347,938 | €389,780 | €341,634 | €384,596 | €163,147 | ▼ 57.6% |
| Amounts payable after more than one year17 | - | - | - | - | €34,000 | - |
| Other amounts payable178/9 | - | - | - | - | €34,000 | - |
| Amounts payable within one year42/48 | €347,938 | €376,780 | €341,634 | €384,596 | €129,147 | ▼ 66.4% |
| Trade debts44 | €7,262 | €18,971 | €24,408 | €35,013 | €39,664 | ▲ 13.3% |
| Suppliers440/4 | - | €18,971 | €24,408 | €35,013 | €39,664 | ▲ 13.3% |
| Taxes, remuneration and social security45 | - | €4,733 | €6,150 | €5,100 | - | - |
| Taxes450/3 | - | €4,733 | €6,150 | €5,100 | - | - |
| Other amounts payable47/48 | - | €353,076 | €311,076 | €344,483 | €89,483 | ▼ 74.0% |
| Accrued charges and deferred income492/3 | - | €13,000 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118 | €7,838 | €18,208 | €14,155 | €12,283 | ▼ 13.2% |
| + Depreciation and write-downs630 | €43,042 | €31,773 | €29,281 | €29,281 | €29,282 | = |
| Operating cash flow (approximation) | €43,160 | €39,612 | €47,489 | €43,436 | €41,565 | ▼ 4.3% |
| Investment in fixed assets (approximation) | - | €1 | €0 | €0 | €0 | - |
| Change in cash | - | €95,633 | -€1,743 | €86,404 | -€182,746 | ▼ 312% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
M.V.M immo
BE 0794.813.248
Saint-Ghislain · Eq €104,230
GOYENS-SEGERS VASTGOED
BE 0699.749.882
Maaseik · Eq €104,309
MAYANCASS
BE 0674.692.705
Erquelinnes · Eq €104,170
DAVA IMMO
BE 0771.682.015
Ans · Eq €104,168
VO INVEST
BE 0676.447.712
Wingene · Eq €104,445
Of 7,321 companies in this sector we hold annual accounts for 5,390. 3,715 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 14-11-2025
History
Acts, filings and financial milestones
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 106 days late
2024
31-12
Financial
Equity above €100,000Eq €104,259 ▲13.4%
7 profitable years in a row build equity to €104,259.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
31-12
Financial
Highest result since 2018net €18,208 ▲132%
Net result €18,208, the highest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
31-12
Financial
Weakest financial yearnet €118 ▼96.1%
Net result drops to €118, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 1 day late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Company details
Private limited company · founded 18-11-1999Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded18-11-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0467371833
Registered
22-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2000
Ground area
483 m²
Building footprint
484 m²
Volume, LiDAR
3,900 m³
Parcel 21905C0083/00F004, Brussels · tallest building 17.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Leuvensesteenweg 440, 1030 Schaarbeek
since 2000unit no. 2.096.335.195
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21905C0083/00F004 | Brussels | 483 m² | 1 · 484 m² | 17.8 m · 2 fl. |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check 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 Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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