MI Technics
ActiveSummary
The computed 12-month bankruptcy probability of MI Technics is 2.7% (moderate). The 2025 annual accounts show equity of €2k and a net result of €-19k. Its solvency ranks better than 24% of 18400 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency27▲+27
Growth78
Track record94
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.02 against 0.76 in 2024; short-term debt: 98.1% and cash: 30.8% of total assets), and 98.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
1.9%
Return on assets
-17.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 18400 sector peers (2025).
NBB · sector comparisonPosition among 18400 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 2 filingsDeviation from the deadline
2025
31 d late
2024
13 d late
← before the deadline
after the deadline →
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
25-09-2026 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 Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€2k
2024 · €-24k
Total assets
€106k▲ 38.1%
2024 · €77k
Net result
€-19k▲ 27.8%
2024 · €-26k
Working capital
€2k
2024 · €-24k
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
Line20242025
Operating result€-26k-€-19k▲ 27.9%
Net result€-26k-€-19k▲ 27.8%
Equity€-24k-€2k
Total assets€77k-€106k▲ 38.1%
Debt€101k-€104k▲ 3.0%
Working capital€-24k-€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19k in 2025 against €26k in 2024; the loss shrinks.
Balance-sheet composition
Equity and liabilities €106k
Equity
€2k
Debt
€104k
Debt finances 98.1% of the balance-sheet total.
Key figures and ratios
Current ratio
1.02▲
2024 · 0.76
Debt to equity
52.20▲
2024 · -4.16
ROE
-951.2%
ROA
-17.9%▲
2024 · -34.2%
Debt ≤ 1 year
€104k▲
2024 · €101k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | - | €3k | - |
| Gross operating margin9900 | €-26k | €-16k | ▲ 40.5% |
| Operating profit (loss)9901 | €-26k | €-19k | ▲ 27.9% |
| Financial income75/76B | - | €109 | - |
| Recurring financial income75 | - | €109 | - |
| Financial charges65/66B | €70 | €181 | ▲ 158% |
| Recurring financial charges65 | €70 | €181 | ▲ 158% |
| Profit (loss) for the period before taxes9903 | €-26k | €-19k | ▲ 27.8% |
| Profit (loss) for the period9904 | €-26k | €-19k | ▲ 27.8% |
| Profit (loss) for the period to be appropriated9905 | €-26k | €-19k | ▲ 27.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €77k | €106k | ▲ 38.1% |
| Current assets29/58 | €77k | €106k | ▲ 38.1% |
| Stocks and contracts in progress3 | €53k | - | - |
| Stocks30/36 | €53k | - | - |
| Amounts receivable within one year40/41 | €21k | €74k | ▲ 252% |
| Trade receivables40 | €13k | €74k | ▲ 450% |
| Other amounts receivable41 | €8k | - | - |
| Cash at bank and in hand54/58 | €3k | €33k | ▲ 1,013% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €77k | €106k | ▲ 38.1% |
| Equity10/15 | €-24k | €2k | ▲ 108% |
| Contributions10/11 | €2k | €2k | = |
| Profit (loss) carried forward14 | €-26k | - | - |
| Amounts payable17/49 | €101k | €104k | ▲ 3.0% |
| Amounts payable within one year42/48 | €101k | €104k | ▲ 3.0% |
| Trade debts44 | €10k | €15k | ▲ 49.3% |
| Suppliers440/4 | €10k | €15k | ▲ 49.3% |
| Advances received on contracts in progress46 | €2k | €31k | ▲ 1,214% |
| Taxes, remuneration and social security45 | - | €921 | - |
| Taxes450/3 | - | €921 | - |
| Other amounts payable47/48 | €89k | €58k | ▼ 35.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-26k | €-19k | ▲ 27.8% |
| Operating cash flow (approximation) | €-26k | €-19k | ▲ 27.8% |
| Change in cash | - | €30k | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Mechelen · 1 establishment unit since 2023
Ground area
4,321 m²
Building footprint
720 m²
Parcel 12402B0484/00L000, Flanders. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
MI Technics
since 20232.350.261.597
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402B0484/00L000 | Flanders | 4,321 m² | 1 · 720 m² | - |
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.
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Of 212 companies in sector 47527 we hold annual accounts for 146. 31 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
Founded21-09-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47527Retail trade
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Scores and ratios are computed by Checked and are not a credit decision.