MIAL
ActiveSummary
The computed 12-month bankruptcy probability of MIAL is 8.3% (elevated). For MIAL, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €1,704 and a net result of €2,250. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2017 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability91▼-9
Solvency38▲+20
Growth58=
Track record92
Bankruptcy probability, 12 months
8.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk
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 2021Solvency, return and age of the figures
Solvency
13.4%
Return on assets
17.7%
Age of the figures
57 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline30-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 13-06-2023, 317 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
317 d late
2020
30 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 136 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
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Financials · fiscal year 2021, micro schema
Equity
€1,704
2020 · -€546
Total assets
€12,688▲ 56.3%
2020 · €8,116
Net result
€2,250▼ 12.7%
2020 · €2,576
Working capital
-€136▲ 95.1%
2020 · -€2,808
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
Line2018201920202021
Operating result-€1,699--€7,306▼ 330%€2,832€2,426▼ 14.3%
Net result-€1,699--€7,435▼ 338%€2,576€2,250▼ 12.7%
Equity€4,313--€3,122-€546▲ 82.5%€1,704
Total assets€10,476-€5,325▼ 49.2%€8,116▲ 52.4%€12,688▲ 56.3%
Debt€6,163-€8,447▲ 37.1%€8,662▲ 2.5%€10,984▲ 26.8%
Working capital-€579--€5,806▼ 903%-€2,808▲ 51.6%-€136▲ 95.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 14% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €12,688
Fixed assets
€1,840 ▼ 18.7%
Current assets
€10,848 ▲ 85.3%
Equity and liabilities €12,688
Equity
€1,704
Debt
€10,984
Debt finances 86.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€2,849▼
2020 · €3,254
Cash flow
€2,672▼
2020 · €2,998
Current ratio
0.99▲
2020 · 0.68
Debt to equity
6.45
ROE
132.0%
ROA
17.7%▼
2020 · 31.7%
Interest coverage
16.11
Debt ≤ 1 year
€10,984▲
2020 · €8,662
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,208 | €2,208 | €422 | €422 | = |
| Other operating charges640/8 | - | - | - | €149 | - |
| Gross operating margin9900 | €772 | -€4,600 | €3,254 | €2,998 | ▼ 7.9% |
| Operating profit (loss)9901 | -€1,699 | -€7,306 | €2,832 | €2,426 | ▼ 14.3% |
| Financial charges65/66B | - | - | - | €177 | - |
| Recurring financial charges65 | €0 | €129 | €256 | €177 | ▼ 31.0% |
| Profit (loss) for the period before taxes9903 | -€1,699 | -€7,435 | €2,576 | €2,250 | ▼ 12.7% |
| Profit (loss) for the period9904 | -€1,699 | -€7,435 | €2,576 | €2,250 | ▼ 12.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,699 | -€7,435 | €2,576 | €2,250 | ▼ 12.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €10,476 | €5,325 | €8,116 | €12,688 | ▲ 56.3% |
| Fixed assets21/28 | €4,892 | €2,684 | €2,262 | €1,840 | ▼ 18.7% |
| Tangible fixed assets22/27 | €3,052 | €844 | €422 | - | - |
| Financial fixed assets28 | €1,840 | €1,840 | €1,840 | €1,840 | = |
| Current assets29/58 | €5,584 | €2,641 | €5,854 | €10,848 | ▲ 85.3% |
| Amounts receivable within one year40/41 | €901 | €1,434 | €5,027 | €8,176 | ▲ 62.6% |
| Trade receivables40 | - | - | - | €8,176 | - |
| Cash at bank and in hand54/58 | €4,683 | €1,095 | €601 | €2,446 | ▲ 307% |
| Deferred charges and accrued income490/1 | - | - | - | €226 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €10,476 | €5,325 | €8,116 | €12,688 | ▲ 56.3% |
| Equity10/15 | €4,313 | -€3,122 | -€546 | €1,704 | ▲ 412% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Profit (loss) carried forward14 | -€14,287 | -€21,722 | -€19,146 | -€16,896 | ▲ 11.8% |
| Amounts payable17/49 | €6,163 | €8,447 | €8,662 | €10,984 | ▲ 26.8% |
| Amounts payable within one year42/48 | €6,163 | €8,447 | €8,662 | €10,984 | ▲ 26.8% |
| Trade debts44 | €1,264 | €702 | €3,700 | €6,958 | ▲ 88.1% |
| Suppliers440/4 | - | - | - | €6,958 | - |
| Taxes, remuneration and social security45 | - | - | - | €158 | - |
| Taxes450/3 | - | - | - | €158 | - |
| Other amounts payable47/48 | - | - | - | €3,868 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,699 | -€7,435 | €2,576 | €2,250 | ▼ 12.7% |
| + Depreciation and write-downs630 | €2,208 | €2,208 | €422 | €422 | = |
| Operating cash flow (approximation) | €509 | -€5,227 | €2,998 | €2,672 | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€3,588 | -€494 | €1,845 | ▲ 473% |
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
2026
28-08
KBO administration
Late accounts filing
event 18-08-2026
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 317 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €2,576
Net result €2,576 after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Weakest financial yearnet -€7,435
Net result drops to -€7,435, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Anderlecht · 1 establishment unit since 2018
Ground area
9,783 m²
Building footprint
4,538 m²
Volume, LiDAR
73,760 m³
Parcel 21306C0289/00B004, Brussels · tallest building 28.4 m, ±7 floors. Linked by address, not a title deed.
215
companies at this address
See who is registered here
1 establishment unit
MIAL CAR
since 20182.283.225.194
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0289/00B004 | Brussels | 9,782 m² | 1 · 4,538 m² | 28.4 m · 7 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded17-02-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.