MIC CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of MIC CONSTRUCT is 2.1% (moderate). The 2025 annual accounts show equity of €27,965 and a net result of -€4,913. Equity is shrinking by ~6.1% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+5
Solvency37▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.01 against 0.03 in 2024; short-term debt: 88.1% and cash: 0.7% of total assets), and 88.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
11.9%
Return on assets
-2.1%
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
1819202122232425
2018 to 2025 · latest year -€4,913
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 01-07-2026, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
30 d early
2024
30 d early
2023
19 d early
2022
17 d early
2021
31 d late
2020
31 d late
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€4,913▲ 49.2%
2024 · -€9,679
Working capital
-€204,620▼ 2.5%
2024 · -€199,707
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,449▲ 60.0%-€3,519▼ 43.7%-€5,170▼ 46.9%-€9,379▼ 81.4%-€4,553▲ 51.5%
Net result€5,554€7,687▲ 38.4%-€5,470-€9,679▼ 76.9%-€4,913▲ 49.2%
Equity€40,340▲ 16.0%€48,027▲ 19.1%€42,556▼ 11.4%€32,878▼ 22.7%€27,965▼ 14.9%
Total assets€9.1m▼ 0.8%€249,840▼ 97.3%€243,682▼ 2.5%€238,957▼ 1.9%€234,798▼ 1.7%
Debt€9.1m▼ 0.9%€201,813▼ 97.8%€201,126▼ 0.3%€206,079▲ 2.5%€206,833▲ 0.4%
Working capital€729,216-€184,559-€190,029▼ 3.0%-€199,707▼ 5.1%-€204,620▼ 2.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,553 in 2025 against €9,379 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234,798
Fixed assets
€232,585 =
Current assets
€2,213 ▼ 65.3%
Equity and liabilities €234,798
Equity
€27,965 ▼ 14.9%
Debt
€206,833 ▲ 0.4%
Debt's share of the balance-sheet total rises from 86.2% to 88.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.01▼
2024 · 0.03
Debt to equity
7.40▲
2024 · 6.27
ROE
-17.6%▲
2024 · -29.4%
ROA
-2.1%▲
2024 · -4.1%
Debt ≤ 1 year
€206,833▲
2024 · €206,079
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | €2,449 | - | - | - | - | - |
| Services and other goods61 | €2,449 | - | - | - | - | - |
| Gross operating margin9900 | - | -€3,519 | -€5,170 | -€9,379 | -€4,553 | ▲ 51.5% |
| Operating profit (loss)9901 | -€2,449 | -€3,519 | -€5,170 | -€9,379 | -€4,553 | ▲ 51.5% |
| Financial income75/76B | €300,737 | €127,749 | - | - | - | - |
| Recurring financial income75 | €300,737 | €127,749 | - | - | - | - |
| Income from financial fixed assets750 | €203,495 | - | - | - | - | - |
| Other financial income752/9 | €97,242 | - | - | - | - | - |
| Financial charges65/66B | €292,733 | €116,544 | €300 | €300 | €360 | ▲ 20.0% |
| Recurring financial charges65 | €292,733 | €116,544 | €300 | €300 | €360 | ▲ 20.0% |
| Debt charges650 | €194,673 | - | - | - | - | - |
| Other financial charges652/9 | €98,060 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €5,554 | €7,687 | -€5,470 | -€9,679 | -€4,913 | ▲ 49.2% |
| Profit (loss) for the period9904 | €5,554 | €7,687 | -€5,470 | -€9,679 | -€4,913 | ▲ 49.2% |
| Profit (loss) for the period to be appropriated9905 | €5,554 | €7,687 | -€5,470 | -€9,679 | -€4,913 | ▲ 49.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.1m | €249,840 | €243,682 | €238,957 | €234,798 | ▼ 1.7% |
| Fixed assets21/28 | €8.2m | €232,585 | €232,585 | €232,585 | €232,585 | = |
| Financial fixed assets28 | €8.2m | €232,585 | €232,585 | €232,585 | €232,585 | = |
| Affiliated companies280/1 | €8.2m | - | - | - | - | - |
| Participating interests280 | €232,585 | - | - | - | - | - |
| Amounts receivable281 | €8.0m | - | - | - | - | - |
| Current assets29/58 | €919,042 | €17,254 | €11,097 | €6,372 | €2,213 | ▼ 65.3% |
| Amounts receivable within one year40/41 | €671,000 | €5,000 | €5,000 | - | €509 | - |
| Other amounts receivable41 | €671,000 | €5,000 | €5,000 | - | €509 | - |
| Cash at bank and in hand54/58 | €248,042 | €12,254 | €6,097 | €6,372 | €1,704 | ▼ 73.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.1m | €249,840 | €243,682 | €238,957 | €234,798 | ▼ 1.7% |
| Equity10/15 | €40,340 | €48,027 | €42,556 | €32,878 | €27,965 | ▼ 14.9% |
| Contributions10/11 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Capital10 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Issued capital100 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Profit (loss) carried forward14 | -€22,160 | -€14,474 | -€19,944 | -€29,622 | -€34,535 | ▼ 16.6% |
| Amounts payable17/49 | €9.1m | €201,813 | €201,126 | €206,079 | €206,833 | ▲ 0.4% |
| Amounts payable after more than one year17 | €8.9m | - | - | - | - | - |
| Other amounts payable178/9 | €8.9m | - | - | - | - | - |
| Amounts payable within one year42/48 | €189,827 | €201,813 | €201,126 | €206,079 | €206,833 | ▲ 0.4% |
| Trade debts44 | - | €1,813 | €1,126 | €6,079 | €6,833 | ▲ 12.4% |
| Suppliers440/4 | - | €1,813 | €1,126 | €6,079 | €6,833 | ▲ 12.4% |
| Other amounts payable47/48 | €189,827 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Accrued charges and deferred income492/3 | €68,340 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,554 | €7,687 | -€5,470 | -€9,679 | -€4,913 | ▲ 49.2% |
| Operating cash flow (approximation) | €5,554 | €7,687 | -€5,470 | -€9,679 | -€4,913 | ▲ 49.2% |
| Investment in fixed assets (approximation) | - | €8.0m | €0 | €0 | €0 | - |
| Change in cash | - | -€235,788 | -€6,157 | €275 | -€4,668 | ▼ 1,798% |
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
11-09
State Gazette act
Resignations: Gabeli SRL (director) and Althiel (director)Permanent representatives: Hans Beerlandt and Pierre Sironval · Reappointments: Gabeli SRL (director) and Althiel (director)7 facts ▸
State Gazette act
Resignations: Gabeli SRL (director) and Althiel (director)
Permanent representatives: Hans Beerlandt and Pierre Sironval · Reappointments: Gabeli SRL (director) and Althiel (director)7 facts ▸
- General meeting, 12-06-2026
- Director resignation, Gabeli SRL (director)
- Permanent representative, Hans Beerlandt (permanent representative)
- Director resignation, Althiel (director)
- Permanent representative, Pierre Sironval (permanent representative)
- Director reappointment, Gabeli SRL (director)
- Director reappointment, Althiel (director)
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €7,687 ▲38.4%
Net result €7,687, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €5,554
Net result €5,554 after 3 loss-making years.
31-12
Financial
Liquidity times 5current ratio 4.84
Current ratio from 1.00 to 4.84; short-term debt falls from €9.0m to €189,827.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 2017
Ground area
2,591 m²
Building footprint
1,070 m²
Volume, LiDAR
24,738 m³
Parcel 21018A0151/00E000, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
109
companies at this address
See who is registered here
1 establishment unit
-
since 20172.267.181.295
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0151/00E000 | Brussels | 2,591 m² | 1 · 1,070 m² | 27.7 m · 8 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.
Mandate history
2 people since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ALTHIEL |
|
| GABELI SRL |
|
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- ManCo Investment Company SRL
- MIC CONSTRUCT
Highest known parent: ManCo Investment Company SRL. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 1
-
100%
According to the 2025 annual accounts of MIC CONSTRUCT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded24-08-2017
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0680407488
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.