MICADAU
ActiveSummary
MICADAU has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149,281 and a net result of -€17,311. Equity is growing by ~2.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).
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Signals
This company filed its last 7 accounts on average 12 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)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
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 2,507 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5,750 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,630 | €11,220 | €25,039 | €24,056 | €12,388 | ▼ 48.5% |
| Other operating charges640/8 | €3,215 | €3,446 | €3,496 | €3,543 | €3,845 | ▲ 8.5% |
| Gross operating margin9900 | €29,261 | €28,369 | €32,563 | €27,565 | -€811 | ▼ 103% |
| Operating profit (loss)9901 | €4,417 | €13,703 | €4,029 | -€34 | -€17,044 | ▼ 50,266% |
| Financial income75/76B | €35 | €0 | - | €264 | €0 | ▼ 100% |
| Recurring financial income75 | €35 | €0 | - | €264 | €0 | ▼ 100% |
| Financial charges65/66B | €68 | €45 | €42 | €420 | €48 | ▼ 88.6% |
| Recurring financial charges65 | €68 | €45 | €42 | €420 | €48 | ▼ 88.6% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €4,384 | €13,659 | €3,987 | -€189 | -€17,092 | ▼ 8,933% |
| Transfer from deferred taxes780 | €0 | - | - | - | - | - |
| Income taxes67/77 | €1,141 | €4,025 | €1,321 | €187 | €219 | ▲ 16.8% |
| Profit (loss) for the period9904 | €3,243 | €9,634 | €2,665 | -€376 | -€17,311 | ▼ 4,499% |
| Transfer from tax-exempt reserves789 | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3,243 | €9,634 | €2,665 | -€376 | -€17,311 | ▼ 4,499% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €270,405 | €258,767 | €759,111 | €762,773 | €750,625 | ▼ 1.6% |
| Fixed assets21/28 | €264,503 | €253,283 | €328,960 | €320,402 | €308,014 | ▼ 3.9% |
| Tangible fixed assets22/27 | €264,503 | €253,283 | €230,960 | €222,402 | €210,014 | ▼ 5.6% |
| Land and buildings22 | €215,598 | €215,598 | €202,453 | €204,803 | €204,803 | = |
| Furniture and vehicles24 | €48,905 | €37,685 | €28,507 | €17,600 | €5,211 | ▼ 70.4% |
| Financial fixed assets28 | - | - | €98,000 | €98,000 | €98,000 | = |
| Current assets29/58 | €5,902 | €5,484 | €430,151 | €442,370 | €442,611 | ▲ 0.1% |
| Amounts receivable within one year40/41 | €0 | - | €422,403 | €436,403 | €436,403 | = |
| Other amounts receivable41 | €0 | - | €422,403 | €436,403 | €436,403 | = |
| Cash at bank and in hand54/58 | €3,889 | €3,152 | €5,289 | €1,894 | €3,293 | ▲ 73.8% |
| Deferred charges and accrued income490/1 | €2,012 | €2,332 | €2,459 | €4,073 | €2,915 | ▼ 28.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €270,405 | €258,767 | €759,111 | €762,773 | €750,625 | ▼ 1.6% |
| Equity10/15 | €154,669 | €164,303 | €166,968 | €166,592 | €149,281 | ▼ 10.4% |
| Contributions10/11 | €252,876 | €252,876 | €252,876 | €252,876 | €252,876 | = |
| Reserves13 | €538,640 | €538,640 | €538,640 | €538,640 | €538,640 | = |
| Non-distributable reserves130/1 | €189,391 | €189,391 | €189,391 | €189,391 | €189,391 | = |
| Reserves not available under the articles1311 | €189,391 | €189,391 | €189,391 | €189,391 | €189,391 | = |
| Tax-exempt reserves132 | €20,745 | €20,745 | €20,745 | €20,745 | €20,745 | = |
| Distributable reserves133 | €328,504 | €328,504 | €328,504 | €328,504 | €328,504 | = |
| Profit (loss) carried forward14 | -€636,847 | -€627,213 | -€624,548 | -€624,924 | -€642,234 | ▼ 2.8% |
| Amounts payable17/49 | €115,736 | €94,464 | €592,143 | €596,181 | €601,344 | ▲ 0.9% |
| Amounts payable after more than one year17 | €60,000 | €41,100 | €518,403 | €518,403 | €473,403 | ▼ 8.7% |
| Financial debts170/4 | €60,000 | €41,100 | €518,403 | €518,403 | €473,403 | ▼ 8.7% |
| Amounts payable within one year42/48 | €54,236 | €51,796 | €70,835 | €75,683 | €125,261 | ▲ 65.5% |
| Trade debts44 | - | - | €125 | €0 | €5 | - |
| Suppliers440/4 | - | - | €125 | €0 | €5 | - |
| Taxes, remuneration and social security45 | €1,141 | €5,166 | €5,346 | €187 | €176 | ▼ 5.9% |
| Taxes450/3 | €1,141 | €5,166 | €5,346 | €187 | €176 | ▼ 5.9% |
| Other amounts payable47/48 | €53,095 | €46,630 | €65,365 | €75,496 | €125,080 | ▲ 65.7% |
| Accrued charges and deferred income492/3 | €1,500 | €1,568 | €2,905 | €2,095 | €2,680 | ▲ 27.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,243 | €9,634 | €2,665 | -€376 | -€17,311 | ▼ 4,499% |
| + Depreciation and write-downs630 | €21,630 | €11,220 | €25,039 | €24,056 | €12,388 | ▼ 48.5% |
| Operating cash flow (approximation) | €24,873 | €20,853 | €27,704 | €23,680 | -€4,922 | ▼ 121% |
| Investment in fixed assets (approximation) | - | €0 | -€100,716 | -€15,498 | €0 | ▲ 100% |
| Change in cash | - | -€738 | €2,137 | -€3,395 | €1,399 | ▲ 141% |
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
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0355/00V004 | Brussels | 605 m² | 1 · 112 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.