Mibeco
ActiveSummary
Mibeco has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€297,295) and a net result of €7,815. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 5% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77
Solvency0
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14; short-term debt: 701.7% and cash: 19.5% of total assets), and equity is negative.
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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
-601.7%
Return on assets
15.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 11508 sector peers (2025).
NBB · sector comparisonPosition among 11508 sector peers
Solvency
better than 5%
← 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 06-08-2026, 6 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 · 10 filingsDeviation from the deadline
2025
6 d late
2024
34 d early
2023
7 d late
2022
56 d early
2021
30 d early
2020
61 d early
2019
79 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 1 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€297,295▲ 2.6%
2024 · -€305,111
Total assets
€49,407▲ 4,758%
2023 · €1,017
Net result
€7,815▼ 97.6%
2024 · €321,768
Working capital
-€297,295▲ 40.8%
2023 · -€501,878
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€56,497-€182,768▼ 224%-€25,773▲ 85.9%€321,757€7,726▼ 97.6%
Net result-€66,748below the sector's middle half-€183,932below the sector's middle half▼ 176%-€26,874below the sector's middle half▲ 85.4%€321,768above the sector's middle half€7,815within the sector's middle half▼ 97.6%
Equity-€416,072below the sector's middle half▼ 19.1%-€600,004below the sector's middle half▼ 44.2%-€626,878below the sector's middle half▼ 4.5%-€305,111below the sector's middle half▲ 51.3%-€297,295below the sector's middle half▲ 2.6%
Total assets€41,178below the sector's middle half▼ 27.3%€8,972below the sector's middle half▼ 78.2%€1,017below the sector's middle half▼ 88.7%€49,407below the sector's middle half
Debt€457,250▲ 12.6%€608,976▲ 33.2%€627,895▲ 3.1%€305,111▼ 51.4%€346,702▲ 13.6%
Working capital-€291,177below the sector's middle half▼ 26.4%-€475,004below the sector's middle half▼ 63.1%-€501,878below the sector's middle half▼ 5.7%-€297,295below the sector's middle half
Solvency-601.7%below the sector's middle half
Current ratio0.12below the sector's middle half▼ 0.060.02below the sector's middle half▼ 0.110.14below the sector's middle half
Return on assets (ROA)-162.1%below the sector's middle half▼ 599.7pp15.8%above the sector's middle half
Staff (FTE)0.7
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 2025; 2025 is 98% below 2024.
Key figures and ratios
Debt to equity
-1.17▼
2024 · -1.00
Debt ≤ 1 year
€346,702
Staff costs
€59,516
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €14,124 | €1,394 | - | - | - | - |
| Remuneration, social security and pensions62 | €561 | - | - | - | €59,516 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €233 | - | - | - | - | - |
| Other operating charges640/8 | €1,912 | €39,479 | €108 | €661 | €3,013 | ▲ 356% |
| Non-recurring operating charges66A | €5,704 | - | - | - | - | - |
| Gross operating margin9900 | -€48,087 | -€143,289 | -€25,665 | €322,418 | €70,255 | ▼ 78.2% |
| Operating profit (loss)9901 | -€56,497 | -€182,768 | -€25,773 | €321,757 | €7,726 | ▼ 97.6% |
| Financial income75/76B | €290 | €10 | - | €11 | €150 | ▲ 1,322% |
| Recurring financial income75 | €290 | €10 | - | €11 | €150 | ▲ 1,322% |
| Financial charges65/66B | €10,543 | €1,174 | €1,101 | - | €60 | - |
| Recurring financial charges65 | €10,543 | €1,174 | €1,101 | - | €60 | - |
| Profit (loss) for the period before taxes9903 | -€66,750 | -€183,932 | -€26,874 | €321,768 | €7,815 | ▼ 97.6% |
| Income taxes67/77 | -€2 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€66,748 | -€183,932 | -€26,874 | €321,768 | €7,815 | ▼ 97.6% |
| Profit (loss) for the period to be appropriated9905 | -€66,748 | -€183,932 | -€26,874 | €321,768 | €7,815 | ▼ 97.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,178 | €8,972 | €1,017 | - | €49,407 | - |
| Fixed assets21/28 | €105 | - | - | - | - | - |
| Tangible fixed assets22/27 | €105 | - | - | - | - | - |
| Plant, machinery and equipment23 | €105 | - | - | - | - | - |
| Current assets29/58 | €41,073 | €8,972 | €1,017 | - | €49,407 | - |
| Stocks and contracts in progress3 | €12,950 | €3,666 | - | - | - | - |
| Stocks30/36 | €12,950 | €3,666 | - | - | - | - |
| Amounts receivable within one year40/41 | €18,066 | €2,394 | €551 | - | €39,765 | - |
| Trade receivables40 | €18,066 | €2,394 | €551 | - | €34,495 | - |
| Other amounts receivable41 | - | - | - | - | €5,270 | - |
| Cash at bank and in hand54/58 | €9,599 | €2,912 | €466 | - | €9,642 | - |
| Deferred charges and accrued income490/1 | €458 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,178 | €8,972 | €1,017 | - | €49,407 | - |
| Equity10/15 | -€416,072 | -€600,004 | -€626,878 | -€305,111 | -€297,295 | ▲ 2.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | - | - | - |
| Issued capital100 | €62,000 | €62,000 | €62,000 | - | - | - |
| Reserves13 | €110,898 | €110,898 | €110,898 | €110,898 | €110,898 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | - | - | - |
| Other1319 | - | - | - | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €85,948 | €85,948 | €85,948 | €85,948 | €85,948 | = |
| Profit (loss) carried forward14 | -€588,970 | -€772,902 | -€799,776 | -€478,008 | -€470,193 | ▲ 1.6% |
| Amounts payable17/49 | €457,250 | €608,976 | €627,895 | €305,111 | €346,702 | ▲ 13.6% |
| Amounts payable after more than one year17 | €125,000 | €125,000 | €125,000 | - | - | - |
| Other amounts payable178/9 | €125,000 | €125,000 | €125,000 | - | - | - |
| Amounts payable within one year42/48 | €332,250 | €483,976 | €502,895 | - | €346,702 | - |
| Trade debts44 | €238,611 | €219,704 | €195,406 | - | - | - |
| Suppliers440/4 | €238,611 | €219,704 | €195,406 | - | - | - |
| Taxes, remuneration and social security45 | €9,535 | €892 | €29 | - | €37,716 | - |
| Taxes450/3 | €2,968 | €892 | €29 | - | €29,526 | - |
| Remuneration and social security454/9 | €6,567 | - | - | - | €8,190 | - |
| Other amounts payable47/48 | €84,104 | €263,380 | €307,460 | - | €308,986 | - |
| Accrued charges and deferred income492/3 | - | - | - | €305,111 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€66,748 | -€183,932 | -€26,874 | €321,768 | €7,815 | ▼ 97.6% |
| + Depreciation and write-downs630 | €233 | - | - | - | - | - |
| Operating cash flow (approximation) | -€66,515 | -€183,932 | -€26,874 | €321,768 | €7,815 | ▼ 97.6% |
| Change in cash | - | -€6,687 | -€2,446 | - | - | - |
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
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €321,768
Net result €321,768 after 3 loss-making years.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €247,953
Net result €247,953 after 2 loss-making years.
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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 1997
Ground area
1.0 ha
Building footprint
4,496 m²
Volume, LiDAR
50,522 m³
Parcel 11807G1783/00D000, Flanders · tallest building 16.7 m, ±4 floors. Linked by address, not a title deed.
34
companies at this address
See who is registered here
1 establishment unit
Mibeco nv
since 19972.074.257.995
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1783/00D000 | Flanders | 1.0 ha | 1 · 4,496 m² | 16.7 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.074.257.995
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 583 companies in sector 46496 we hold annual accounts for 384. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-11-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46496Wholesale trade
56210Event catering
46190Agents in non-specialised wholesale trade
56120Mobile food service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456591074
Also
9925:BE0456591074
Registered
08-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.