MIBELSFA
Annual accounts 2025
micro format, filed on 22-04-2026, 8 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them.
Money flows
no detail for 2025Balance sheet
balance sheet total €109,741 on 30-09-2025in euro
in euro
Position in the sector
35.2%
Higher than 30% of 21,208 companies in 2025.
1.51
Higher than 33% of 20,571 companies in 2025.
-8.7%
Higher than 11% of 20,746 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
109,741 | 126,958 | 142,257 | 186,101 | 159,831 | 140,568 | 108,033 | 125,888 | 89,504 | 54,032 | 49,143 | 53,675 | 51,222 | 55,771 | 66,891 | 44,205 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 300 | 600 | |
21/28 |
2,229 | 3,673 | 4,472 | 3,609 | - | 250 | 3,211 | 1,296 | 1,819 | 2,655 | 1,678 | 8,478 | 11,352 | 18,523 | 30,134 | 13,365 | |
22/27 |
2,229 | 3,673 | 4,472 | 3,609 | - | 250 | 3,211 | 1,296 | 1,819 | 2,343 | 1,366 | 8,165 | 11,039 | 18,473 | 29,784 | 12,715 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | 1,029 | 2,057 | - | |
24 |
1,227 | 1,802 | 1,732 | - | - | - | 2,438 | - | - | - | - | 8,165 | 11,039 | 17,444 | 27,727 | 12,715 | |
26 |
1,002 | 1,871 | 2,740 | 3,609 | - | 250 | 773 | 1,296 | 1,819 | 2,343 | 1,366 | - | - | - | - | - | |
28 |
- | - | - | - | - | - | - | - | - | 313 | 313 | 313 | 313 | 50 | 50 | 50 | |
29/58 |
107,512 | 123,285 | 137,785 | 182,492 | 159,831 | 140,318 | 104,822 | 124,592 | 87,685 | 51,377 | 47,464 | 45,198 | 39,870 | 37,248 | 36,757 | 30,840 | |
40/41 |
18,634 | 28,987 | 38,024 | 24,684 | 30,254 | 29,917 | 17,554 | 29,253 | 45,262 | 19,996 | 18,334 | 18,649 | 5,174 | 6,620 | 11,851 | 7,260 | |
40 |
18,634 | 28,987 | 28,314 | 24,684 | 30,254 | 29,917 | 15,489 | 29,253 | 45,262 | 17,082 | 16,149 | 14,226 | 2,626 | 4,267 | 9,268 | 7,233 | |
41 |
- | - | 9,710 | - | - | - | 2,065 | - | - | 2,915 | 2,185 | 4,423 | 2,548 | 2,353 | 2,583 | 27 | |
50/53 |
73,504 | 78,518 | 98,603 | 100,000 | - | - | - | - | - | - | 29,130 | - | - | - | - | - | |
54/58 |
14,687 | 15,508 | 1,158 | 57,124 | 128,974 | 108,916 | 85,247 | 91,959 | 40,802 | 30,608 | - | 25,705 | 34,696 | 30,628 | 24,906 | 23,580 | |
490/1 |
687 | 272 | - | 684 | 604 | 1,485 | 2,021 | 3,379 | 1,621 | 773 | - | 844 | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
109,741 | 126,958 | 142,257 | 186,101 | 159,831 | 140,568 | 108,033 | 125,888 | 89,504 | 54,032 | 49,143 | 53,675 | 51,222 | 55,771 | 66,891 | 44,205 | |
10/15 |
38,636 | 63,157 | 98,929 | 161,757 | 142,781 | 123,250 | 100,767 | 87,962 | 53,124 | 40,102 | 32,223 | 30,201 | 28,776 | 27,090 | 25,155 | 14,191 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
31,860 | 46,860 | 58,860 | 58,860 | 43,860 | 28,860 | 13,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | |
133 |
30,000 | 45,000 | 57,000 | 57,000 | 42,000 | 27,000 | 12,000 | - | - | - | - | - | - | - | - | - | |
14 |
576 | 10,097 | 33,869 | 96,697 | 92,721 | 88,190 | 80,707 | 79,902 | 45,064 | 32,042 | 24,163 | 22,141 | 20,716 | 19,030 | 17,095 | 6,131 | |
17/49 |
71,105 | 63,801 | 43,327 | 24,344 | 17,050 | 17,318 | 7,265 | 37,926 | 36,381 | 13,930 | 16,920 | 23,475 | 22,446 | 28,681 | 41,736 | 30,014 | |
17 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,996 | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,996 | - | |
42/48 |
71,105 | 63,801 | 43,327 | 24,344 | 17,050 | 17,318 | 7,265 | 37,926 | 36,381 | 13,930 | 16,920 | 23,475 | 22,446 | 28,681 | 35,740 | 18,779 | |
42 |
2,919 | 14,279 | 28,530 | - | - | - | - | - | - | - | - | - | - | 5,996 | 9,966 | - | |
44 |
715 | 4,745 | 1,581 | 2,596 | 2,203 | 2,285 | 2,183 | 4,880 | 28,590 | 2,603 | 2,295 | 288 | 1,307 | 585 | - | 3,505 | |
440/4 |
715 | 4,745 | 1,581 | 2,596 | 2,203 | 2,285 | 2,183 | 4,880 | 28,590 | 2,603 | 2,295 | 288 | 1,307 | 585 | - | 3,505 | |
45 |
25,074 | 26,180 | 9,833 | 19,320 | 12,731 | 14,533 | 4,781 | 32,741 | 7,136 | 11,327 | 14,625 | 18,186 | 5,594 | 6,600 | 5,774 | 13,099 | |
450/3 |
8,637 | 6,971 | 6,054 | 15,634 | 9,078 | 10,879 | 4,781 | 26,027 | 7,136 | 5,607 | 7,728 | 8,098 | 1,599 | 3,683 | 2,438 | 9,731 | |
454/9 |
16,437 | 19,209 | 3,779 | 3,686 | 3,653 | 3,654 | - | 6,714 | - | 5,720 | 6,897 | 10,088 | 3,995 | 2,917 | 3,336 | 3,368 | |
47/48 |
42,397 | 18,598 | 3,384 | 2,428 | 2,116 | 500 | 302 | 305 | 655 | - | - | 5,000 | 15,545 | 15,500 | 20,000 | 2,175 | |
492/3 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11,235 | |
| Income statement | |||||||||||||||||
70 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 80,190 | |
9900 |
-7,114 | -19,329 | -56,053 | 29,831 | 30,808 | 34,218 | 25,603 | 59,930 | 26,316 | 18,871 | 21,251 | 42,134 | 44,784 | 52,652 | 63,328 | 36,493 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4,397 | |
62 |
- | - | - | - | - | - | - | 4,608 | 5,040 | 4,032 | 3,864 | 22,549 | 16,745 | 17,330 | 15,069 | 13,173 | |
630 |
1,444 | 1,444 | 937 | 736 | 250 | 523 | 2,961 | 523 | 523 | 523 | 8,438 | 2,874 | 7,433 | 13,733 | 13,115 | 6,658 | |
640/8 |
1,298 | 3,589 | 4,183 | 3,091 | 1,512 | 1,355 | 2,573 | 1,643 | 1,324 | 972 | 1,541 | 1,355 | 1,750 | 1,957 | 1,423 | 4,151 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | 60 | 85 | 389 | - | |
9901 |
-9,856 | -24,361 | -61,174 | 26,004 | 29,046 | 32,340 | 20,068 | 53,156 | 19,428 | 13,344 | 7,408 | 15,356 | 18,856 | 19,632 | 33,721 | 12,511 | |
75/76B |
3,292 | 2,661 | - | 2,972 | - | 35 | - | 10 | 134 | 256 | 384 | 364 | 299 | 627 | 102 | 3 | |
75 |
3,292 | 2,661 | - | 2,972 | - | 35 | - | 10 | 134 | 256 | 384 | 364 | 299 | 627 | 102 | 3 | |
65/66B |
517 | 995 | 1,332 | 133 | 51 | 108 | 127 | 64 | 78 | 71 | 55 | 167 | 251 | 690 | 637 | 44 | |
65 |
517 | 995 | 1,332 | 133 | 51 | 108 | 127 | 64 | 78 | 71 | 55 | 167 | 251 | 690 | 637 | 44 | |
9903 |
-7,082 | -22,696 | -62,505 | 28,844 | 28,995 | 32,268 | 19,941 | 53,103 | 19,484 | 13,528 | 7,737 | 15,552 | 18,844 | 19,484 | 32,797 | 12,470 | |
67/77 |
2,440 | 1,076 | 323 | 9,867 | 9,464 | 9,786 | 7,135 | 18,265 | 6,462 | 5,649 | 5,715 | 9,127 | 3,113 | 4,549 | 1,833 | 4,479 | |
9904 |
-9,522 | -23,772 | -62,828 | 18,977 | 19,531 | 22,482 | 12,806 | 34,838 | 13,022 | 7,879 | 2,022 | 6,425 | 15,731 | 14,935 | 30,964 | 7,991 | |
9905 |
-9,522 | -23,772 | -62,828 | 18,977 | 19,531 | 22,482 | 12,806 | 34,838 | 13,022 | 7,879 | 2,022 | 6,425 | 15,731 | 14,935 | 30,964 | 7,991 | |
| Appropriation of the result | |||||||||||||||||
9906 |
576 | 10,097 | 33,869 | 111,697 | 107,721 | 103,190 | 92,707 | 79,902 | 45,064 | 32,042 | 24,163 | 27,141 | 34,761 | 32,030 | 37,095 | 7,991 | |
14P |
10,097 | 33,869 | 96,697 | 92,721 | 88,190 | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
15,000 | 12,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 15,000 | 15,000 | 15,000 | 12,000 | - | - | - | - | - | - | - | - | 1,860 | |
691 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | 15,000 | 15,000 | 15,000 | 12,000 | - | - | - | - | - | - | - | - | - | |
694/7 |
15,000 | 12,000 | - | - | - | - | - | - | - | - | - | 5,000 | 14,045 | 13,000 | 20,000 | - | |
694 |
15,000 | 12,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | 5,000 | 14,045 | 13,000 | 20,000 | - | |
| Social balance sheet | |||||||||||||||||
9087 |
- | - | - | - | - | - | - | - | - | - | - | 0.4 | - | 0.5 | 0.5 | - | |
Hours worked1013 |
- | - | - | - | - | - | - | - | - | - | - | 596 | 901 | 924 | 939 | - | |
| Document | |||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 22-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 22-04-2026 | 2026-00084419 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00083226 | |
| 30-09-2023 | micro format | 29-03-2024 | 2024-00052392 | |
| 30-09-2022 | micro format | 27-03-2023 | 2023-00052644 | |
| 30-09-2021 | micro format | 07-04-2022 | 2022-20003345 | |
| 30-09-2020 | micro format | 17-03-2021 | 2021-08000251 | |
| 30-09-2019 | micro format | 26-03-2020 | 2020-07500581 | |
| 30-09-2018 | micro format | 25-03-2019 | 2019-07600418 | |
| 30-09-2017 | micro format | 23-03-2018 | 2018-07500167 | |
| 30-09-2016 | full format | 30-03-2017 | 2017-08500204 | |
| 30-09-2015 | full format | 31-03-2016 | 2016-09300439 | |
| 30-09-2014 | full format | 19-03-2015 | 2015-07000332 | |
| 30-09-2013 | full format | 30-04-2014 | 2014-11000060 | |
| 30-09-2012 | full format | 29-04-2013 | 2013-10600277 | |
| 30-09-2011 | full format | 27-04-2012 | 2012-10200040 | |
| 30-09-2010 | full format | 29-03-2011 | 2011-07100360 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -8,413 | -22,918 | -60,237 | 26,740 | 29,296 | 32,863 | 23,029 | 53,679 | 19,952 | 13,867 | 15,846 | 18,230 | 26,289 | 33,365 | 46,836 | 19,169 | ||
| -8,078 | -22,328 | -61,891 | 19,712 | 19,781 | 23,005 | 15,767 | 35,361 | 13,545 | 8,402 | 10,460 | 9,299 | 23,164 | 28,668 | 44,079 | 14,649 | ||
| 0 | 645 | 1,800 | 4,344 | 0 | -2,438 | 4,876 | 0 | -313 | 1,500 | 1,639 | -0 | 263 | 2,121 | 30,599 | 19,123 | ||
| -821 | 14,351 | -55,967 | -71,849 | 20,058 | 23,669 | -6,712 | 51,157 | 10,195 | - | - | -8,991 | 4,068 | 5,722 | 1,326 | - | ||
| 36,407 | 59,485 | 94,458 | 158,149 | 142,781 | 123,000 | 97,557 | 86,666 | 51,305 | 37,447 | 30,545 | 21,723 | 17,424 | 8,567 | 1,017 | 12,061 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.6% | ||
| 35.2% | 49.7% | 69.5% | 86.9% | 89.3% | 87.7% | 93.3% | 69.9% | 59.4% | 74.2% | 65.6% | 56.3% | 56.2% | 48.6% | 37.6% | 32.1% | ||
| 1.51 | 1.93 | 3.18 | 7.50 | 9.37 | 8.10 | 14.43 | 3.29 | 2.41 | 3.69 | 2.81 | 1.93 | 1.78 | 1.30 | 1.03 | 1.64 | ||
| 1.84 | 1.01 | 0.44 | 0.15 | 0.12 | 0.14 | 0.07 | 0.43 | 0.68 | 0.35 | 0.53 | 0.78 | 0.78 | 1.06 | 1.66 | 2.12 | ||
| -24.6% | -37.6% | -63.5% | 11.7% | 13.7% | 18.2% | 12.7% | 39.6% | 24.5% | 19.6% | 6.3% | 21.3% | 54.7% | 55.1% | 123.1% | 56.3% | ||
| -8.7% | -18.7% | -44.2% | 10.2% | 12.2% | 16.0% | 11.9% | 27.7% | 14.5% | 14.6% | 4.1% | 12.0% | 30.7% | 26.8% | 46.3% | 18.1% | ||
| -16.27 | -23.03 | -45.24 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 33 days | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 291 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €645 | €1,800 | €4,344 | - |
| €1,444 | €1,444 | €937 | €736 | €250 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on MIBELSFA
The operating result for 2025 is a loss of €9,856, smaller than the loss of €24,361 in 2024.
Debt's share of the balance-sheet total rises from 50.3% to 64.8%. Equity is lower and debt is higher.