Financials
- Fiscal year
- 2025
- Total assets
- €87,256
- Profit
- €21,506
- Solvency
- 31.0%
Total assets▲ 45.9%
Net result
20222025
MI WORKS
ActiveSummary
The computed 12-month bankruptcy probability of MI WORKS is 3.3% (moderate). The 2025 annual accounts show equity of €27,010 and a net result of €21,506. Equity is growing by ~59.1% per year across the filed fiscal years. Its solvency ranks better than 32% of 30651 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
General electrical installation work
NACE 43211
1 site
How big
€87,256total assets 2025
- Staff
- 0.5 FTE
- Equity
- €27,010
- Profit
- €21,506
Turnover not published (abridged schema)
Who decides
Accounts filed 31 d late0 of 2 deeds read
Why 52- Founded in 2022- Latest accounts 31 days late; 3 of the last 3 late- Size: total assets €87,256+ Figures for FY 2025 (filed 31-08-2026)Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 65% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
56+22
equity 31.0% of total assets
Liquidity
52-8
short-term debt 28.3% · cash 10.5%
Profitability
100+29
return on assets 24.6%
Bankruptcy probability, 12 months
3.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 3 months
08-2026: 4.5%highest value
09-2026: 3.3%▼ -27.4% vs 08-2026lowest value
10-2026: 3.3%● 0.0% vs 09-2026lowest value
- Founded in 2022 raises the probability for this profile
- Latest accounts 31 days late; 3 of the last 3 late raises the probability
- Figures for FY 2025 (filed 31-08-2026) lowers the probability
- Size: total assets €87,256 raises the probability for this profile
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 0.89 in 2024; short-term debt: 28.3% and cash: 10.5% of total assets), and 69% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 32%, liquidity 46%, profitability 85%, growth against the median 98%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
31 d late
2022
46 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 35 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 September (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2022net €21,506 ▲2,255%
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 6
- Since
- 2023
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 31-12-2025Highest result since 2022
- 31-08-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 01-07-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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