Mi Technical Solutions
ActiveSummary
The computed 12-month bankruptcy probability of Mi Technical Solutions is 4.6% (elevated). The 2025 annual accounts show equity of €68,423 and a net result of €33,209. Equity is growing by ~84.1% per year across the filed fiscal years. Its solvency ranks better than 21% of 28051 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▲+6
Solvency44▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.31 against 0.86 in 2024; short-term debt: 19.6% and cash: 6.1% of total assets), and 80.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.4%
Return on assets
9.4%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-12-2025, 36 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
36 d early
2024
29 d early
2023
30 d early
2022
12 d early
2021
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 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 trust this company with building work?Contractor check 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 What other support did companies like this one receive, and it did not?Subsidy mirror
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€68,423▲ 94.3%
2024 · €35,214
Total assets
€353,270▲ 13.1%
2024 · €312,439
Net result
€33,209▲ 161%
2024 · €12,739
Working capital
€21,393
2024 · -€8,440
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-€719-€16,801€7,677▼ 54.3%€22,154▲ 189%€56,783▲ 156%
Net result-€713-€13,798€4,390▼ 68.2%€12,739▲ 190%€33,209▲ 161%
Equity€4,287-€18,085▲ 322%€22,475▲ 24.3%€35,214▲ 56.7%€68,423▲ 94.3%
Total assets€13,511-€51,923▲ 284%€265,036▲ 410%€312,439▲ 17.9%€353,270▲ 13.1%
Debt€9,225-€33,838▲ 267%€242,561▲ 617%€277,225▲ 14.3%€284,846▲ 2.7%
Working capital€3,593-€13▼ 99.6%-€19,515-€8,440▲ 56.8%€21,393
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Total assets +410% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 156% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €353,270
Fixed assets
€262,521 ▲ 1.5%
Current assets
€90,748 ▲ 68.7%
Equity and liabilities €353,270
Equity
€68,423 ▲ 94.3%
Debt
€284,846 ▲ 2.7%
Debt's share of the balance-sheet total falls from 88.7% to 80.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66,552▲
2024 · €46,461
Cash flow
€42,978▲
2024 · €37,047
Current ratio
1.31▲
2024 · 0.86
Debt to equity
4.16▼
2024 · 7.87
ROE
48.5%▲
2024 · 36.2%
ROA
9.4%▲
2024 · 4.1%
Interest coverage
5.95▼
2024 · 6.99
Debt ≤ 1 year
€69,355▲
2024 · €62,220
Debt > 1 year
€215,491▲
2024 · €214,979
Income taxes
€13,025▲
2024 · €4,000
Staff costs
€572▼
2024 · €1,450
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €445 | €506 | €1,450 | €572 | ▼ 60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €397 | €981 | €19,287 | €24,307 | €9,769 | ▼ 59.8% |
| Other operating charges640/8 | - | €813 | €26,218 | €11,644 | €1,811 | ▼ 84.4% |
| Gross operating margin9900 | €550 | €19,040 | €53,689 | €59,555 | €68,935 | ▲ 15.8% |
| Operating profit (loss)9901 | -€719 | €16,801 | €7,677 | €22,154 | €56,783 | ▲ 156% |
| Financial income75/76B | - | €397 | €622 | €1,229 | €638 | ▼ 48.1% |
| Recurring financial income75 | €13 | €397 | €622 | €1,229 | €638 | ▼ 48.1% |
| Financial charges65/66B | - | €107 | €2,689 | €6,642 | €11,186 | ▲ 68.4% |
| Recurring financial charges65 | €7 | €107 | €2,689 | €6,642 | €11,186 | ▲ 68.4% |
| Profit (loss) for the period before taxes9903 | -€713 | €17,092 | €5,610 | €16,740 | €46,234 | ▲ 176% |
| Income taxes67/77 | - | €3,294 | €1,219 | €4,000 | €13,025 | ▲ 226% |
| Profit (loss) for the period9904 | -€713 | €13,798 | €4,390 | €12,739 | €33,209 | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | -€713 | €13,798 | €4,390 | €12,739 | €33,209 | ▲ 161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13,511 | €51,923 | €265,036 | €312,439 | €353,270 | ▲ 13.1% |
| Fixed assets21/28 | €694 | €18,071 | €197,785 | €258,658 | €262,521 | ▲ 1.5% |
| Tangible fixed assets22/27 | €694 | €18,071 | €197,785 | €258,658 | €262,521 | ▲ 1.5% |
| Land and buildings22 | - | - | €178,029 | €255,634 | €261,422 | ▲ 2.3% |
| Plant, machinery and equipment23 | - | €3,318 | €2,210 | €2,233 | €1,099 | ▼ 50.8% |
| Furniture and vehicles24 | - | €14,753 | €17,545 | €792 | - | - |
| Current assets29/58 | €12,817 | €33,851 | €67,252 | €53,781 | €90,748 | ▲ 68.7% |
| Amounts receivable within one year40/41 | €3,004 | €21,850 | €57,505 | €25,503 | €68,294 | ▲ 168% |
| Trade receivables40 | - | €16,869 | €46,557 | €12,907 | €60,027 | ▲ 365% |
| Other amounts receivable41 | - | €4,981 | €10,947 | €12,596 | €8,268 | ▼ 34.4% |
| Cash at bank and in hand54/58 | €9,814 | €10,953 | €8,992 | €26,857 | €21,432 | ▼ 20.2% |
| Deferred charges and accrued income490/1 | - | €1,047 | €755 | €1,420 | €1,022 | ▼ 28.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13,511 | €51,923 | €265,036 | €312,439 | €353,270 | ▲ 13.1% |
| Equity10/15 | €4,287 | €18,085 | €22,475 | €35,214 | €68,423 | ▲ 94.3% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | - | - | €33,209 | - |
| Distributable reserves133 | - | - | - | - | €33,209 | - |
| Profit (loss) carried forward14 | -€713 | €13,085 | €17,475 | €30,214 | €30,214 | = |
| Amounts payable17/49 | €9,225 | €33,838 | €242,561 | €277,225 | €284,846 | ▲ 2.7% |
| Amounts payable after more than one year17 | - | - | €155,794 | €214,979 | €215,491 | ▲ 0.2% |
| Financial debts170/4 | - | - | €155,794 | €214,979 | €215,491 | ▲ 0.2% |
| Amounts payable within one year42/48 | €9,225 | €33,838 | €86,767 | €62,220 | €69,355 | ▲ 11.5% |
| Current portion of amounts payable after more than one year42 | - | - | €12,466 | €20,193 | €16,015 | ▼ 20.7% |
| Trade debts44 | €9,225 | €19,310 | €56,705 | €27,139 | €36,689 | ▲ 35.2% |
| Suppliers440/4 | - | €19,310 | €56,705 | €27,139 | €36,689 | ▲ 35.2% |
| Taxes, remuneration and social security45 | - | €7,367 | €6,144 | €9,154 | €16,651 | ▲ 81.9% |
| Taxes450/3 | - | €3,294 | €2,192 | €4,893 | €14,519 | ▲ 197% |
| Remuneration and social security454/9 | - | €4,073 | €3,952 | €4,261 | €2,132 | ▼ 50.0% |
| Other amounts payable47/48 | - | €7,161 | €11,452 | €5,734 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €26 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€713 | €13,798 | €4,390 | €12,739 | €33,209 | ▲ 161% |
| + Depreciation and write-downs630 | €397 | €981 | €19,287 | €24,307 | €9,769 | ▼ 59.8% |
| Operating cash flow (approximation) | -€316 | €14,779 | €23,677 | €37,047 | €42,978 | ▲ 16.0% |
| Investment in fixed assets (approximation) | - | -€18,359 | -€199,000 | -€85,181 | -€13,632 | ▲ 84.0% |
| Change in cash | - | €1,140 | -€1,961 | €17,865 | -€5,425 | ▼ 130% |
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
2025
26-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2021net €33,209 ▲161%
Operating result €56,783, net result €33,209, both a record.
02-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €13,798
Net result €13,798 after one loss-making year.
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Scherpenheuvel-Zichem · 5 establishment units since 2020
Ground area
7,064 m²
Building footprint
675 m²
Volume, LiDAR
3,173 m³
5 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
5 establishment units
Mi Technical Solutions
since 20202.303.758.611
Engelenberg(Z) 51, 3271 Scherpenheuvel-Zichem
since 20212.322.937.687
Eikeveldstraat 31, 3272 Scherpenheuvel-Zichem
since 20212.322.937.786
Eikeveldstraat 33, 3272 Scherpenheuvel-Zichem
since 20232.351.846.063
Prattenborgstraat(S) 58, 3270 Scherpenheuvel-Zichem
since 20242.363.135.675
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24129C0415/00Y000 | Flanders | 2,477 m² | 1 · 162 m² | 8.2 m · 2 fl. |
| 24129D0294/00D000 | Flanders | 1,897 m² | 1 · 198 m² | 4.2 m · 1 fl. |
| 24071C0130/00P000 | Flanders | 1,592 m² | 1 · 138 m² | 7.8 m · 2 fl. |
| 24071C0130/00N000 | Flanders | 882 m² | 1 · 107 m² | 8.2 m · 2 fl. |
| 24098A0246/00G002indicative | Flanders | 216 m² | 1 · 71 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
4 of 5 parcels 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 · 1 entry · 297 EUR awarded · 297 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 297 EUR | 297 EUR |
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Of 1,123 companies in sector 43212 we hold annual accounts for 420. 364 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
Founded29-05-2020
Fiscal year end30-06
Activities, NACEBEL 2025
43212Electrical installation work in industrial facilities
33110Repair and maintenance of fabricated metal products
41001General construction of residential buildings
42911Civil engineering
43110Demolition
43120Site preparation
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43310Plastering work
43320Joinery installation
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
43343Specialised construction activities
43410Roofing work
46836Wholesale trade
47527Retail trade
81220Other building cleaning and industrial cleaning
Contact
E-mail
info@mi-ts.be
Phone
0479/36.15.14
E-mail
boekhouding@mi-ts.beScherpenheuvel-Zichem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747739742
Also
9925:BE0747739742
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.