MI-VE

Active

Private limited companyfounded 20224 yrs activePastorijstraat 19, 2460 Kasterlee, BelgiumKBO/BCE: BE 0786.420.669

The computed 12-month bankruptcy probability of MI-VE is 1.7% (moderate). The 2024 annual accounts show equity of €78k and a net result of €44k. Its solvency ranks better than 49% of 9039 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

72 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability99▲+4

Solvency69▲+19

Growth78

Track record94

Bankruptcy probability, 12 months

1.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity tight (current ratio 1.18 against 0.66 in 2023; short-term debt: 56.4% and cash: 60.5% of total assets), and 56.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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 filings

Deviation from the deadline

2025

not confirmed

2024

26 d late

2023

61 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€78k▲ 129%

2023 · €34k

2023: €34k

2023 → 2024

Total assets

€179k▲ 31.3%

2023 · €136k

2023: €136k

2023 → 2024

Net result

€44k▲ 50.9%

2023 · €29k

2023: €29k

2023 → 2024

Working capital

€18k

2023 · €-34k

2023: €-34k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€34k-€78k▲ 129%

Operating result€43k-€58k▲ 34.3%

Net result€29k-€44k▲ 50.9%

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 rises in 2024; 2024 is 34% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €179k

33.3%

66.7%

Fixed assets €60k▼ 12.9%

Current assets €119k▲ 75.8%

Equity and liabilities €179k

43.6%

56.4%

Equity €78k▲ 129%

Debt €101k▼ 1.2%

The debt ratio falls from 75.0% to 56.4%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€75k▲

2023 · €56k

Cash flow

€61k▲

2023 · €42k

Solvency

43.6%▲

2023 · 25.0%

Current ratio

1.18▲

2023 · 0.66

Quick ratio

1.18▲

2023 · 0.66

Debt / equity

1.29▼

2023 · 2.99

ROE

56.3%▼

2023 · 85.3%

ROA

24.6%▲

2023 · 21.4%

Interest coverage

63.91▲

2023 · 36.35

Debt

€101k▼

2023 · €102k

Debt ≤ 1 year

€101k▼

2023 · €102k

Income taxes

€13k▲

2023 · €12k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€136k€179k▲

Fixed assets21/28€68k€60k▼

Tangible fixed assets22/27€65k€57k▼

Furniture and vehicles24€65k€57k▼

Financial fixed assets28€3k€3k=

Current assets29/58€68k€119k▲

Amounts receivable within one year40/41€3k€11k▲

Trade receivables40€3k€9k▲

Other amounts receivable41-€2k

Cash at bank and in hand54/58€65k€108k▲

Equity and liabilities

Total equity and liabilities10/49€136k€179k▲

Equity10/15€34k€78k▲

Contributions10/11€5k€5k=

Reserves13€29k€73k▲

Distributable reserves133€29k€73k▲

Profit (loss) carried forward14€1-

Amounts payable17/49€102k€101k▼

Amounts payable within one year42/48€102k€101k▼

Trade debts44€256€2k▲

Suppliers440/4€256€2k▲

Taxes, remuneration and social security45€19k€21k▲

Taxes450/3€19k€21k▲

Other amounts payable47/48€83k€78k▼

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€17k▲

Other operating charges640/8€875€398▼

Non-recurring operating charges66A€678-

Gross operating margin9900€57k€75k▲

Operating profit (loss)9901€43k€58k▲

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€2k€1k▼

Recurring financial charges65€2k€1k▼

Profit (loss) for the period before taxes9903€41k€57k▲

Income taxes67/77€12k€13k▲

Profit (loss) for the period9904€29k€44k▲

Profit (loss) for the period to be appropriated9905€29k€44k▲

Appropriation of the result

Profit (loss) to be appropriated9906€29k€44k▲

Profit (loss) brought forward from the previous period14P-€1

Transfer to equity691/2€29k€44k▲

To other reserves6921€29k€44k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

2025

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

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

30-09-2025 Resigned as Director

Location & real-estate footprint

Registered office, Kasterlee · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Pastorijstraat 192460 Kasterlee

Ground area

647 m²

Building footprint

189 m²

Volume, LiDAR