MIASMA
ActiveMIASMA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-94k) and a net result of €64k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 7027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability91▲+64
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 0.37 in 2024; short-term debt: 82.3% and cash: 6.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
-25.7%
Return on assets
17.4%
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 9% of 7027 sector peers (2025).
NBB · sector comparisonPosition among 7027 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-04-2026, 95 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
95 d early
2024
20 d early
2023
5 d late
2022
25 d late
2021
3 d early
2020
4 d early
2019
3 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-94k▲ 40.4%
2024 · €-157k
2018: €34k
2019: €52k
2020: €53k
2021: €-86k
2022: €-144k
2023: €-149k
2024: €-157k
2018 → 2025
Total assets
€364k▼ 4.9%
2024 · €383k
2018: €240k
2019: €312k
2020: €275k
2021: €354k
2022: €365k
2023: €404k
2024: €383k
2018 → 2025
Net result
€64k
2024 · €-9k
2018: €4k
2019: €19k
2020: €2k
2021: €-139k
2022: €-58k
2023: €-5k
2024: €-9k
2018 → 2025
Working capital
€-182k▲ 19.2%
2024 · €-226k
2018: €23k
2019: €53k
2020: €63k
2021: €-59k
2022: €-154k
2023: €-198k
2024: €-226k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-86k-€-144k▼ 68.0%€-149k▼ 3.2%€-157k▼ 5.8%€-94k▲ 40.4%
Operating result€-133k-€-50k▲ 62.5%€4k€2k▼ 56.4%€75k▲ 4,594%
Net result€-139k-€-58k▲ 58.1%€-5k▲ 92.1%€-9k▼ 85.2%€64k
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 recovers in 2025; 2025 is 4,594% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €364k
Fixed assets
€247k▼ 2.5%
Current assets
€118k▼ 9.5%
Key figures and ratios
EBITDA
€85k▲
2024 · €14k
Cash flow
€74k▲
2024 · €4k
Solvency
-25.7%▲
2024 · -41.1%
Current ratio
0.39▲
2024 · 0.37
Quick ratio
0.39▲
2024 · 0.37
Debt / equity
-4.88▼
2024 · -3.43
ROA
17.4%▲
2024 · -2.2%
Interest coverage
7.31▲
2024 · 1.35
Debt
€458k▼
2024 · €541k
Debt ≤ 1 year
€300k▼
2024 · €356k
Debt > 1 year
€158k▼
2024 · €185k
Staff costs
€19k▼
2024 · €68k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€383k€364k▼
Fixed assets21/28€253k€247k▼
Tangible fixed assets22/27€253k€247k▼
Land and buildings22€244k€236k▼
Plant, machinery and equipment23€859€236▼
Furniture and vehicles24€3k€6k▲
Other tangible fixed assets26€5k€4k▼
Current assets29/58€130k€118k▼
Amounts receivable within one year40/41€118k€90k▼
Trade receivables40€118k€88k▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€2k€25k▲
Deferred charges and accrued income490/1€10k€3k▼
Equity and liabilities
Total equity and liabilities10/49€383k€364k▼
Equity10/15€-157k€-94k▲
Contributions10/11€12k€12k=
Reserves13€41k€41k=
Distributable reserves133€41k€41k=
Profit (loss) carried forward14€-211k€-147k▲
Amounts payable17/49€541k€458k▼
Amounts payable after more than one year17€185k€158k▼
Financial debts170/4€185k€158k▼
Amounts payable within one year42/48€356k€300k▼
Current portion of amounts payable after more than one year42€34k€32k▼
Financial debts43€51k€50k▼
Credit institutions430/8€50k€50k=
Other loans439€1k-
Trade debts44€109k€87k▼
Suppliers440/4€109k€87k▼
Taxes, remuneration and social security45€23k€12k▼
Taxes450/3€9k€7k▼
Remuneration and social security454/9€13k€4k▼
Other amounts payable47/48€139k€119k▼
Income statement
Code20242025
Non-recurring operating income76A-€4k
Remuneration, social security and pensions62€68k€19k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼
Other operating charges640/8€6k€2k▼
Gross operating margin9900€88k€106k▲
Operating profit (loss)9901€2k€75k▲
Financial income75/76B€11€355▲
Recurring financial income75€11€355▲
Financial charges65/66B€10k€12k▲
Recurring financial charges65€10k€12k▲
Profit (loss) for the period before taxes9903€-9k€64k▲
Profit (loss) for the period9904€-9k€64k▲
Profit (loss) for the period to be appropriated9905€-9k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-211k€-147k▲
Profit (loss) brought forward from the previous period14P€-202k€-211k▼
Social balance
Average headcount (FTE)90871.5-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €64k
Net result €64k after 4 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 5 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-139k ▼6441%
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Houthalen-Helchteren · 1 establishment unit since 2011
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.
Donkstraat 193530 Houthalen-HelchterenGround area
1,066 m²
Building footprint
136 m²
Volume, LiDAR
837 m³
Parcel 72453F0545/00W000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MIASMA
since 20112.197.790.465
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72453F0545/00W000 | Flanders | 1,066 m² | 1 · 136 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 to 2025 · 7 entries · 26,829 EUR awarded · 26,495 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,694 EUR | 2,694 EUR |
| 2024 | 2 | 7,459 EUR | 7,125 EUR |
| 2023 | 1 | 8,165 EUR | 8,165 EUR |
| 2022 | 2 | 8,511 EUR | 8,511 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Tresvulpiculae
BE 0741.832.937
Leuven · Eq €53k
THE MISSION HOUSE
BE 0465.858.831
Puurs-Sint-Amands · Eq €53k
3NA
BE 0890.811.574
Brussel · Eq €53k
KALAMOS
BE 0899.186.832
Liège · Eq €53k
LAETITIA TARDIF CONSULTING
BE 0753.871.726
Liège · Eq €53k
Of 13,422 companies in sector 73300 we hold annual accounts for 6,901. 5,518 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-2011
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
71209Other technical testing and analysis
73300Public relations and communication consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
70220Business consulting
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesE-mail:info@miasma.be
Phone:011/605880
E-mail:serge.venken@telenet.be
Phone:0495/292510