MIBA
ActiveMIBA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.86M and a net result of €406k. Equity is growing by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 86% of 7687 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
96
/ 100
Excellent▲ +28 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+37
Solvency88▲+18
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity tight (current ratio 1.46 against 0.66 in 2024), and 21.6% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
78.4%
Return on assets
17.1%
Age of the figures
8 mo
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
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
11 d late
2023
20 d early
2022
4 d early
2021
8 d late
2020
23 d early
2019
17 d early
← 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.86M▲ 13.1%
2024 · €1.64M
2018: €735k
2019: €920k
2020: €1.04M
2021: €1.20M
2022: €1.34M
2023: €1.58M
2024: €1.64M
2018 → 2025
Total assets
€2.37M▲ 19.1%
2024 · €1.99M
2018: €859k
2019: €1.10M
2020: €1.20M
2021: €1.41M
2022: €1.55M
2023: €1.81M
2024: €1.99M
2018 → 2025
Net result
€406k▲ 96.6%
2024 · €206k
2018: €152k
2019: €188k
2020: €148k
2021: €256k
2022: €246k
2023: €368k
2024: €206k
2018 → 2025
Working capital
€211k
2024 · €-104k
2018: €182k
2019: €270k
2020: €294k
2021: €196k
2022: €322k
2023: €232k
2024: €-104k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.20M-€1.34M▲ 12.2%€1.58M▲ 18.1%€1.64M▲ 3.8%€1.86M▲ 13.1%
Operating result€367k-€371k▲ 0.9%€530k▲ 42.9%€280k▼ 47.1%€612k▲ 118%
Net result€256k-€246k▼ 4.2%€368k▲ 49.7%€206k▼ 44.0%€406k▲ 96.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 118% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.37M
Fixed assets
€1.70M▼ 5.2%
Current assets
€673k▲ 240%
Equity and liabilities €2.37M
Equity
€1.86M▲ 13.1%
Provisions
€4k▼ 10.6%
Debt
€510k▲ 48.2%
The debt ratio rises from 17.3% to 21.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€711k▲
2024 · €416k
Cash flow
€505k▲
2024 · €342k
Solvency
78.4%▼
2024 · 82.5%
Current ratio
1.46▲
2024 · 0.66
Quick ratio
1.46▲
2024 · 0.66
Debt / equity
0.27▲
2024 · 0.21
ROE
21.8%▲
2024 · 12.5%
ROA
17.1%▲
2024 · 10.4%
Interest coverage
27.24▼
2024 · 132.77
Debt
€510k▲
2024 · €344k
Debt ≤ 1 year
€461k▲
2024 · €302k
Debt > 1 year
€23k▼
2024 · €40k
Income taxes
€186k▲
2024 · €93k
Staff costs
€141k▲
2024 · €135k
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€1.99M€2.37M▲
Formation expenses20€0€0=
Fixed assets21/28€1.79M€1.70M▼
Tangible fixed assets22/27€1.79M€1.70M▼
Land and buildings22€1.72M€1.65M▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€71k€46k▼
Financial fixed assets28€2k€2k=
Current assets29/58€198k€673k▲
Amounts receivable within one year40/41€10k€19k▲
Trade receivables40€10k€19k▲
Other amounts receivable41€511€186▼
Current investments50/53€34k€351k▲
Cash at bank and in hand54/58€146k€295k▲
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.99M€2.37M▲
Equity10/15€1.64M€1.86M▲
Contributions10/11€12k€12k=
Reserves13€1.63M€1.85M▲
Tax-exempt reserves132€31k€30k▼
Distributable reserves133€1.60M€1.82M▲
Provisions and deferred taxes16€4k€4k▼
Deferred taxes168€4k€4k▼
Amounts payable17/49€344k€510k▲
Amounts payable after more than one year17€40k€23k▼
Financial debts170/4€40k€23k▼
Amounts payable within one year42/48€302k€461k▲
Current portion of amounts payable after more than one year42€21k€18k▼
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€98k€75k▼
Taxes450/3€86k€63k▼
Remuneration and social security454/9€12k€12k▼
Other amounts payable47/48€180k€364k▲
Accrued charges and deferred income492/3€2k€25k▲
Income statement
Code20242025
Remuneration, social security and pensions62€135k€141k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€136k€99k▼
Other operating charges640/8€6k€8k▲
Gross operating margin9900€557k€859k▲
Operating profit (loss)9901€280k€612k▲
Financial income75/76B€22k€6k▼
Recurring financial income75€22k€6k▼
Financial charges65/66B€3k€26k▲
Recurring financial charges65€3k€26k▲
Profit (loss) for the period before taxes9903€299k€591k▲
Transfer from deferred taxes780€469€444▼
Income taxes67/77€93k€186k▲
Profit (loss) for the period9904€206k€406k▲
Transfer from tax-exempt reserves789€1k€1k▼
Profit (loss) for the period to be appropriated9905€208k€407k▲
Appropriation of the result
Profit (loss) to be appropriated9906€208k€407k▲
Transfer from equity791/2€146k€190k▲
Transfer to equity691/2€208k€407k▲
To other reserves6921€208k€407k▲
Profit to be distributed694/7€146k€190k▲
Return on contributions (dividend)694€146k€190k▲
Social balance
Average headcount (FTE)90872.22.2=
The notes to these accounts (8 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €406k ▲96.6%
Operating result €612k, net result €406k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.46
Current ratio from 0.66 to 1.46.
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 8 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €148k ▼21.2%
Net result drops to €148k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.04M ▲12.7%
3 profitable years in a row build equity to €1.04M.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Brecht · 1 establishment unit since 2001
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.
Heyaard 212960 BrechtGround area
1,053 m²
Building footprint
174 m²
Volume, LiDAR
1,344 m³
Parcel 11042B0229/00X005, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Heyaard 21, 2960 Brecht
since 20012.116.469.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11042B0229/00X005 | Flanders | 1,053 m² | 1 · 174 m² | 12.2 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
96760004ERLITNRXUQ19
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INDUSTRIO
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Of 3,987 companies in sector 43310 we hold annual accounts for 1,736. 394 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-10-2001
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.