MIC INSTALLATIONS
ActiveSummary
The computed 12-month bankruptcy probability of MIC INSTALLATIONS is 8.2% (elevated). The 2025 annual accounts show negative equity (€-63k) and a net result of €-33k. Equity is shrinking by ~147.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 27965 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record94
Bankruptcy probability, 12 months
8.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.32 against 0.64 in 2024; short-term debt: 312.4% and cash: 42.3% of total assets), and equity is negative.
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Signals
Six 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 · 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
-212.4%
Return on assets
-111.7%
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-63k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
28 d early
2023
26 d early
2022
22 d late
2021
39 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-33k▼ 51.7%
2024 · €-22k
Working capital
€-63k▼ 111%
2024 · €-30k
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€-2k-€-21k▼ 778%€580€-22k€-33k▼ 51.6%
Net result€-2k-€-21k▼ 782%€438€-22k€-33k▼ 51.7%
Equity€13k-€-8k€-8k▲ 5.2%€-30k▼ 273%€-63k▼ 111%
Total assets€36k-€68k▲ 91.0%€15k▼ 78.7%€53k▲ 262%€30k▼ 43.5%
Debt€23k-€77k▲ 232%€23k▼ 70.6%€83k▲ 266%€93k▲ 12.5%
Working capital€13k-€-41k€-8k▲ 80.3%€-30k▼ 273%€-63k▼ 111%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33k in 2025 against €22k in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
Solvency
-212.4%▼
2024 · -56.8%
Current ratio
0.32▼
2024 · 0.64
Debt to equity
-1.47▲
2024 · -2.76
ROA
-111.7%▼
2024 · -41.6%
Debt ≤ 1 year
€93k▲
2024 · €83k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €672 | - | - | - | - | - |
| Other operating charges640/8 | €498 | €348 | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €-1k | €-21k | €965 | €-21k | €-33k | ▼ 52.5% |
| Operating profit (loss)9901 | €-2k | €-21k | €580 | €-22k | €-33k | ▼ 51.6% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | €0 | - | - | - |
| Financial charges65/66B | €4 | €132 | €142 | €123 | €192 | ▲ 55.7% |
| Recurring financial charges65 | €4 | €132 | €142 | €123 | €192 | ▲ 55.7% |
| Profit (loss) for the period before taxes9903 | €-2k | €-21k | €438 | €-22k | €-33k | ▼ 51.7% |
| Profit (loss) for the period9904 | €-2k | €-21k | €438 | €-22k | €-33k | ▼ 51.7% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-21k | €438 | €-22k | €-33k | ▼ 51.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36k | €68k | €15k | €53k | €30k | ▼ 43.5% |
| Fixed assets21/28 | - | €32k | - | - | - | - |
| Financial fixed assets28 | - | €32k | - | - | - | - |
| Current assets29/58 | €36k | €36k | €15k | €53k | €30k | ▼ 43.5% |
| Amounts receivable within one year40/41 | €29k | €33k | €551 | €51k | €17k | ▼ 66.6% |
| Trade receivables40 | €28k | €32k | - | €47k | €14k | ▼ 69.5% |
| Other amounts receivable41 | €952 | €899 | €551 | €4k | €3k | ▼ 32.3% |
| Cash at bank and in hand54/58 | €7k | €3k | €14k | €1k | €13k | ▲ 782% |
| Deferred charges and accrued income490/1 | - | - | - | - | €14 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36k | €68k | €15k | €53k | €30k | ▼ 43.5% |
| Equity10/15 | €13k | €-8k | €-8k | €-30k | €-63k | ▼ 111% |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €-2k | €-23k | €-23k | €-45k | €-78k | ▼ 74.0% |
| Amounts payable17/49 | €23k | €77k | €23k | €83k | €93k | ▲ 12.5% |
| Amounts payable within one year42/48 | €23k | €77k | €23k | €83k | €93k | ▲ 12.5% |
| Trade debts44 | €7k | €4k | €1k | €6k | €861 | ▼ 85.4% |
| Suppliers440/4 | €7k | €4k | €1k | €6k | €861 | ▼ 85.4% |
| Advances received on contracts in progress46 | - | €10k | - | - | - | - |
| Taxes, remuneration and social security45 | €5k | €5k | - | €5k | €3k | ▼ 35.8% |
| Remuneration and social security454/9 | €5k | €5k | - | €5k | €3k | ▼ 35.8% |
| Other amounts payable47/48 | €11k | €57k | €21k | €71k | €89k | ▲ 24.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-21k | €438 | €-22k | €-33k | ▼ 51.7% |
| + Depreciation and write-downs630 | €672 | - | - | - | - | - |
| Operating cash flow (approximation) | €-2k | €-21k | €438 | €-22k | €-33k | ▼ 51.7% |
| Change in cash | - | €-3k | €11k | €-13k | €11k | ▲ 189% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €438
Net result €438 after 2 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Joost-ten-Node · 1 establishment unit since 2021
Ground area
342 m²
Building footprint
270 m²
Volume, LiDAR
3,651 m³
2 parcels, Brussels · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
MIC Installations SRL
since 20212.322.305.704
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21014A0504/00S010 | Brussels | 186 m² | 1 · 177 m² | 20.6 m · 6 fl. |
| 21003A0271/00V000 | Brussels | 156 m² | 1 · 94 m² | 12.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,534 companies in sector 43222 we hold annual accounts for 5,664. 2,861 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
42211Civil engineering
43130Specialised construction activities
43221Plumbing work
43230Insulation installation
Scores and ratios are computed by Checked and are not a credit decision.