Mibafix
ActiveThe computed 12-month bankruptcy probability of Mibafix is 2.0% (moderate). The 2025 annual accounts show equity of €76k and a net result of €-5k. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 81 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
2
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency19▼-4
Growth32=
Stability94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.1 in 2024), and 77.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 24
Relative position
BE, all sectors
reference
Sector 24
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
22.2%
Return on assets
-1.5%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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 · 5 filingsDeviation from the deadline
2025
19 d late
2024
28 d late
2023
30 d late
2022
31 d early
2021
31 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€76k▼ 6.2%
2024 · €81k
2021: €93k
2022: €86k
2023: €83k
2024: €81k
2021 → 2025
Total assets
€340k▼ 0.4%
2024 · €342k
2021: €410k
2022: €373k
2023: €343k
2024: €342k
2021 → 2025
Net result
€-5k▼ 88.8%
2024 · €-3k
2021: €88k
2022: €-7k
2023: €-3k
2024: €-3k
2021 → 2025
Working capital
€-235k▼ 0.5%
2024 · €-234k
2021: €-207k
2022: €-217k
2023: €-219k
2024: €-234k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€93k-€86k▼ 7.9%€83k▼ 3.3%€81k▼ 3.2%€76k▼ 6.2%
Operating result€98k-€-7k€-3k▲ 63.1%€-3k▲ 0.9%€-5k▼ 87.4%
Net result€88k-€-7k€-3k▲ 61.5%€-3k▲ 6.4%€-5k▼ 88.8%
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 €5k in 2025 against €3k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €340k
Fixed assets
€311k▼ 1.3%
Current assets
€29k▲ 9.9%
Equity and liabilities €340k
Equity
€76k▼ 6.2%
Debt
€265k▲ 1.4%
The debt ratio rises from 76.4% to 77.8%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-1k▼
2024 · €-1k
Cash flow
€-1k▼
2024 · €-1k
Solvency
22.2%▼
2024 · 23.6%
Current ratio
0.11▲
2024 · 0.10
Quick ratio
0.11▲
2024 · 0.10
Debt / equity
3.50▲
2024 · 3.24
ROE
-6.6%▼
2024 · -3.3%
ROA
-1.5%▼
2024 · -0.8%
Interest coverage
-11.04▼
2024 · -7.21
Debt
€265k▲
2024 · €261k
Debt ≤ 1 year
€265k▲
2024 · €261k
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€342k€340k▼
Fixed assets21/28€315k€311k▼
Tangible fixed assets22/27€15k€11k▼
Furniture and vehicles24€15k€11k▼
Financial fixed assets28€300k€300k=
Current assets29/58€27k€29k▲
Amounts receivable within one year40/41€16k€18k▲
Other amounts receivable41€16k€18k▲
Current investments50/53€9k€9k=
Cash at bank and in hand54/58€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€342k€340k▼
Equity10/15€81k€76k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€76k€71k▼
Amounts payable17/49€261k€265k▲
Amounts payable within one year42/48€261k€265k▲
Other amounts payable47/48€261k€265k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€505€520▲
Gross operating margin9900€-515€-540▼
Operating profit (loss)9901€-3k€-5k▼
Financial income75/76B€174€85▼
Recurring financial income75€174€85▼
Non-recurring financial income76B€174-
Financial charges65/66B€142€96▼
Recurring financial charges65€142€96▼
Non-recurring financial charges66B€142-
Profit (loss) for the period before taxes9903€-3k€-5k▼
Income taxes67/77€19-
Profit (loss) for the period9904€-3k€-5k▼
Profit (loss) for the period to be appropriated9905€-3k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€71k▼
Profit (loss) brought forward from the previous period14P€78k€76k▼
The notes to these accounts (5 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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 19 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-7k ▼108%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Antwerpen · 1 establishment unit since 2020
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.
Eenamelaan 492150 AntwerpenGround area
389 m²
Building footprint
59 m²
Volume, LiDAR
507 m³
Parcel 11007A0055/00T005, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Mibafix
since 20202.309.338.485
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007A0055/00T005 | Flanders | 389 m² | 1 · 59 m² | 10.9 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.
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Of 164 companies in sector 24200 we hold annual accounts for 94. 57 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-2020
Fiscal year end31-12
Activities, NACEBEL
24200Manufacture of basic metals
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@mb-industrialpiping.be
Phone:0496/53.79.88