MICA Invest
ActiveSummary
MICA Invest has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €258k and a net result of €48k. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-10
Solvency39▼-10
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity tight (current ratio 1.1 against 1.08 in 2024; short-term debt: 32.8% and cash: 7.7% of total assets), and 85.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.1%
Return on assets
2.6%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d early
2023
on the day
2022
2 d late
2021
30 d early
2020
11 d early
2019
71 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€258k▲ 11.3%
2024 · €232k
2018: €74k
2019: €73k
2020: €42k
2021: €11k
2022: €161k
2023: €181k
2024: €232k
2018 → 2025
Total assets
€1.83M▲ 89.6%
2024 · €964k
2018: €2.20M
2019: €2.02M
2020: €2.12M
2021: €2.01M
2022: €1.50M
2023: €1.33M
2024: €964k
2018 → 2025
Net result
€48k▼ 35.8%
2024 · €75k
2018: €64k
2019: €-1k
2020: €-30k
2021: €-31k
2022: €150k
2023: €21k
2024: €75k
2018 → 2025
Working capital
€62k▲ 340%
2024 · €14k
2018: €379k
2019: €-906k
2020: €-394k
2021: €-331k
2022: €-52k
2023: €-53k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€161k▲ 1,364%€181k▲ 12.9%€232k▲ 28.1%€258k▲ 11.3%
Operating result€12k-€247k▲ 1,928%€84k▼ 65.9%€154k▲ 82.8%€130k▼ 15.2%
Net result€-31k-€150k€21k▼ 86.1%€75k▲ 261%€48k▼ 35.8%
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 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.83M
Fixed assets
€1.17M ▲ 49.8%
Current assets
€661k ▲ 257%
Equity and liabilities €1.83M
Equity
€258k ▲ 11.3%
Provisions
€21k
Debt
€1.55M ▲ 112%
Debt's share of the balance-sheet total rises from 75.9% to 84.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€248k▲
2024 · €202k
Cash flow
€166k▲
2024 · €123k
Current ratio
1.10▲
2024 · 1.08
Quick ratio
0.27▼
2024 · 0.72
Debt to equity
5.99▲
2024 · 3.15
ROE
18.6%▼
2024 · 32.3%
ROA
2.6%▼
2024 · 7.8%
Interest coverage
3.65▼
2024 · 4.00
Debt ≤ 1 year
€599k▲
2024 · €171k
Debt > 1 year
€935k▲
2024 · €553k
Income taxes
€15k▼
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€964k€1.83M▲
Fixed assets21/28€779k€1.17M▲
Tangible fixed assets22/27€779k€1.17M▲
Land and buildings22€764k€1.16M▲
Plant, machinery and equipment23€214-
Furniture and vehicles24€15k€10k▼
Financial fixed assets28€125€125=
Current assets29/58€185k€661k▲
Stocks and contracts in progress3€62k€500k▲
Stocks30/36€62k€500k▲
Amounts receivable within one year40/41€23k€18k▼
Trade receivables40€7k€3k▼
Other amounts receivable41€17k€15k▼
Cash at bank and in hand54/58€99k€140k▲
Deferred charges and accrued income490/1€900€2k▲
Equity and liabilities
Total equity and liabilities10/49€964k€1.83M▲
Equity10/15€232k€258k▲
Contributions10/11€100k€100k=
Reserves13€131k€156k▲
Distributable reserves133€131k€156k▲
Profit (loss) carried forward14€2k€3k▲
Provisions and deferred taxes16-€21k
Provisions for liabilities and charges160/5-€21k
Other liabilities and charges164/5-€21k
Amounts payable17/49€731k€1.55M▲
Amounts payable after more than one year17€553k€935k▲
Financial debts170/4€553k€935k▲
Amounts payable within one year42/48€171k€599k▲
Current portion of amounts payable after more than one year42€27k€29k▲
Financial debts43€26k€495k▲
Credit institutions430/8-€478k
Other loans439€26k€17k▼
Trade debts44€7k€11k▲
Suppliers440/4€7k€11k▲
Taxes, remuneration and social security45€3k€995▼
Taxes450/3€3k€995▼
Other amounts payable47/48€107k€63k▼
Accrued charges and deferred income492/3€7k€14k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€117k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€21k
Other operating charges640/8€8k€65k▲
Gross operating margin9900€210k€333k▲
Operating profit (loss)9901€154k€130k▼
Financial income75/76B€150€781▲
Recurring financial income75€150€781▲
Financial charges65/66B€51k€68k▲
Recurring financial charges65€51k€68k▲
Profit (loss) for the period before taxes9903€103k€63k▼
Income taxes67/77€28k€15k▼
Profit (loss) for the period9904€75k€48k▼
Profit (loss) for the period to be appropriated9905€75k€48k▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€50k▼
Profit (loss) brought forward from the previous period14P€842€2k▲
Transfer to equity691/2€50k€25k▼
To other reserves6921€50k€25k▼
Profit to be distributed694/7€24k€22k▼
Directors or managers695€24k€22k▼
The notes to these accounts (13 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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €200kEq €232k ▲28.1%
3 profitable years in a row build equity to €232k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
30-09
Financial
Back to profitnet €150k
Net result €150k after 3 loss-making years.
30-09
Financial
Equity above €150kEq €161k ▲1364%
Equity rises from €11k to €161k.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ukkel · 1 establishment unit since 2011
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.
Groeselenbergstraat 1351180 UkkelGround area
5,246 m²
Building footprint
1,037 m²
Volume, LiDAR
28,680 m³
2 parcels, Brussels · tallest building 37.9 m, ±12 floors. Linked by address, not a title deed.
1 establishment unit
MICA Invest
since 20112.260.400.304
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21618B0424/00Y000 | Brussels | 4,504 m² | 1 · 690 m² | 37.9 m · 12 fl. |
| 21612D0044/00R007 | Brussels | 742 m² | 1 · 347 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0715.740.036
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MUIDE
BE 0828.753.647
Gent · Eq €258,949
PACIFICATION CONSTRUCTION
BE 0551.825.476
Sint-Pieters-Woluwe · Eq €259,055
Merveyl Hotel Supplies
BE 0824.918.385
Merchtem · Eq €257,561
ORION PROJECTS
BE 0895.935.451
Blankenberge · Eq €257,404
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,856 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-09-2011
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.