Miba construct
ActiveThe computed 12-month bankruptcy probability of Miba construct is 2.3% (moderate). The annual accounts of Miba construct for fiscal year 2025 show a net loss of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €16k and a net result of €-16k. Equity is shrinking by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 10% of 27676 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▲+14
Solvency29▼-9
Growth32=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.2 against 1.15 in 2024; short-term debt: 81.9% and cash: 0.1% of total assets), and 96.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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
3.6%
Return on assets
-3.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year €-16k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27676 sector peers (2025).
NBB · sector comparisonPosition among 27676 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 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 · 6 filingsDeviation from the deadline
2025
26 d late
2024
5 d late
2023
1 d early
2022
30 d late
2021
3 d early
2020
11 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€16k▼ 51.1%
2024 · €32k
2020: €47k
2021: €48k
2022: €122k
2023: €92k
2024: €32k
2020 → 2025
Total assets
€430k▲ 80.9%
2024 · €237k
2020: €208k
2021: €162k
2022: €384k
2023: €433k
2024: €237k
2020 → 2025
Net result
€-16k▲ 72.8%
2024 · €-60k
2020: €78k
2021: €495
2022: €79k
2023: €-30k
2024: €-60k
2020 → 2025
Working capital
€69k▲ 124%
2024 · €31k
2020: €33k
2021: €36k
2022: €122k
2023: €92k
2024: €31k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€122k▲ 155%€92k▼ 24.9%€32k▼ 65.3%€16k▼ 51.1%
Operating result€2k-€98k▲ 4,709%€-32k€-61k▼ 92.3%€-16k▲ 74.6%
Net result€495-€79k▲ 15,894%€-30k€-60k▼ 97.0%€-16k▲ 72.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €61k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €430k
Fixed assets
€9k▲ 548%
Current assets
€421k▲ 78.2%
Equity and liabilities €430k
Equity
€16k▼ 51.1%
Debt
€414k▲ 101%
The debt ratio rises from 86.6% to 96.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-14k▲
2024 · €-61k
Cash flow
€-15k▲
2024 · €-59k
Solvency
3.6%▼
2024 · 13.4%
Current ratio
1.20▲
2024 · 1.15
Quick ratio
1.20▲
2024 · 1.15
Debt / equity
26.69▲
2024 · 6.48
ROE
-104.7%▲
2024 · -188.4%
ROA
-3.8%▲
2024 · -25.2%
Interest coverage
-3.50▲
2024 · -32.66
Debt
€414k▲
2024 · €206k
Debt ≤ 1 year
€352k▲
2024 · €205k
Debt > 1 year
€60k
Income taxes
€0=
2024 · €0
Staff costs
€45k▲
2024 · €41k
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€237k€430k▲
Formation expenses20€0€0=
Fixed assets21/28€1k€9k▲
Tangible fixed assets22/27€1k€9k▲
Plant, machinery and equipment23€1k€8k▲
Furniture and vehicles24-€1k
Current assets29/58€236k€421k▲
Amounts receivable after more than one year29€112k€115k▲
Other amounts receivable291€112k€115k▲
Amounts receivable within one year40/41€108k€259k▲
Trade receivables40€107k€257k▲
Other amounts receivable41€940€2k▲
Cash at bank and in hand54/58€6k€296▼
Deferred charges and accrued income490/1€10k€47k▲
Equity and liabilities
Total equity and liabilities10/49€237k€430k▲
Equity10/15€32k€16k▼
Contributions10/11€300€300=
Profit (loss) carried forward14€31k€15k▼
Amounts payable17/49€206k€414k▲
Amounts payable after more than one year17-€60k
Financial debts170/4-€60k
Amounts payable within one year42/48€205k€352k▲
Trade debts44€68k€186k▲
Suppliers440/4€68k€186k▲
Taxes, remuneration and social security45€74k€102k▲
Taxes450/3€25k€12k▼
Remuneration and social security454/9€48k€89k▲
Other amounts payable47/48€63k€64k▲
Accrued charges and deferred income492/3€348€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€41k€45k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€425€1k▲
Other operating charges640/8€13k€42k▲
Non-recurring operating charges66A€5k-
Gross operating margin9900€-2k€73k▲
Operating profit (loss)9901€-61k€-16k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€-60k€-16k▲
Income taxes67/77€0€0=
Profit (loss) for the period9904€-60k€-16k▲
Profit (loss) for the period to be appropriated9905€-60k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€15k▼
Profit (loss) brought forward from the previous period14P€91k€31k▼
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Weakest financial yearnet €-60k
Net result drops to €-60k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2020net €79k ▲15894%
Operating result €98k, net result €79k, both a record.
31-12
Financial
Equity above €100kEq €122k ▲155%
3 profitable years in a row build equity to €122k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · 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, Antwerpen · 1 establishment unit since 2019
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.
Mechelsesteenweg 1402018 AntwerpenGround area
612 m²
Building footprint
603 m²
Volume, LiDAR
13,330 m³
Parcel 11810K1520/00G016, Flanders · tallest building 25.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Miba construct
since 20192.298.311.763
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1520/00G016 | Flanders | 612 m² | 1 · 603 m² | 25.8 m · 8 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
2023 · 1 entry · 120 EUR awarded · 120 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 120 EUR | 120 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 1,054 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-09-2019
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
43240Other construction installation
43299Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.