Equity
-€67,675
Debts exceed assets in financial year 2025.
MICADO
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €187,746 (2008)
€34,595▲ 21.0%
lowest -€95,209 (2006)
€31,149▲ 39.4%
peak -€50,864 (2019)
-€67,675▲ €31,149
€148,897▲ 2.8%
peak 2.6 FTE (2006)
-not published
Board2 names since 1994
1 director
Documentsfilings and deeds
06-05-202686 days before the deadline
2025micro format
Gross margin from €28,584 to €34,595Result from €22,337 to €31,149Equity from -€98,823 to -€67,675Cash from €32,590 to €43,069
Key points
from the 2025 annual accountsTurnover
≈ €94,000 estimated
The micro format states no turnover.
Debts
€148,897 183% of the balance sheet
Financial debts 82%Suppliers 5%Taxes and wages 3%Other 9%
Of this, €22,969 falls due within a year.
Liquidity
3.54 was 2.22 in 2024
Short-term debts rose from €20,740 to €22,969.
Filings
31 annual accounts since 1995
Seven of the last ten came late. The 2020 accounts came latest: 550 days after the end of the period.
Position in the sector
-€67,675
Less equity than 95% of companies in advertising and market research. Sector median €59,342 · 9,131 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,795 companies had the same profile as MICADO has now. Each dot stands for 10 companies, two years later.
91.4%
were still trading
5.4%
stopped another way
2.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,795 companies, not a prediction for MICADO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0453345930
Resignation: (director)
Reappointment: (director) · “Toutes activités liées à la consultance, le conseil et l’assistance sous toutes ses formes aux entreprises…” (deed in French) · Director discharge: · General meeting of 21-12-2023 · Gazette deed
Registered office moved from Brussels to Uccle
New registered office: Avenue de Sumatra 12, 1180 Uccle · Previous registered office: Avenue Louise 523/2 à 1050 Bruxelles · Board meeting of 09-12-2021 · Gazette deed
Registered office moved within Brussels
New registered office: avenue Louise 523/2, 1050 Bruxelles · Previous registered office: Avenue Louise 475/15 à 1050 Bruxelles · Board meeting of 17-04-2015 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MICADO Uccle | €81,222 | €34,595 | -83.3% | - |
| AZUR ARTWORKS Forest | €80,794 | €31,583 | 58.2% | - |
| CHEYENNE Etterbeek | €79,677 | €32,904 | 69.1% | - |
| MULTI MEDIA MANAGEMENT Turnhout | €87,218 | €30,782 | 84.4% | - |
| B.B.D.V. Zoersel | €97,610 | €33,281 | 65.2% | - |
| FACETS COMMUNICATION CONSULTANTS Lier | €98,222 | €28,171 | 92.3% | - |
| BESTBRIDGE Uccle | €104,121 | €40,115 | 55.9% | - |
These companies have the same main activity as MICADO: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €79,700 and €104,000, founded between 1989 and 1998.
Official details
Source: KBO- Status
- Active since 08-09-1994Normal situation
- Activity
- Advertising agenciesNACE 73110and 1 other
- Establishment unit
- 2.068.456.4071180 Uccle, since 04-10-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- €81,222▲ 76.5%
- Filing
- Filed on 06-05-2026, 86 days before the end of the filing period
Insights on MICADO
MICADO files the micro format. That format states no turnover. The gross margin fell from €80,438 in 2006 to €34,595 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MICADO
- What is the company number of MICADO?
- The company number of MICADO is 0453.345.930. The VAT number is the same number with BE in front: BE 0453.345.930.
- Where is MICADO based?
- The registered office is at Sumatralaan 12, 1180 Uccle.Company details
- What does MICADO do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of MICADO?
- MICADO is a private limited company (BV).
- When was MICADO founded?
- MICADO was founded on 08-09-1994.
- Is MICADO still active?
- Yes, MICADO is an active enterprise in the KBO register.
- What is the turnover of MICADO?
- The turnover in financial year 2025 is ≈ €94,000. This figure is estimated from the gross margin of €34,595 and 44 comparable companies (NACE 73). It probably lies between €64,000 and €120,000.Financials
- Is MICADO profitable?
- In financial year 2025, MICADO made a profit of €31,149.
- Where can I find the annual accounts of MICADO?
- MICADO filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MICADO due?
- MICADO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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