MICAFLEX
ActiveSummary
MICAFLEX has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €116,053 and a net result of €39,265. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 7625 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 4.01 against 4.78 in 2024; short-term debt: 24.9% and cash: 51.1% of total assets), and 25.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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
74.8%
Return on assets
25.3%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €116,053
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 9 filingsDeviation from the deadline
2025
2 d late
2024
17 d late
2023
on the day
2022
on the day
2021
on the day
2020
16 d late
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€116,053▲ 51.1%
2024 · €76,789
Total assets
€155,160▲ 59.0%
2024 · €97,595
Net result
€39,265▼ 6.5%
2024 · €42,017
Working capital
€116,453▲ 50.9%
2024 · €77,197
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,073-€23,829€25,913€59,982▲ 131%€58,460▼ 2.5%
Net result€10,061within the sector's middle half-€25,381below the sector's middle half€23,404within the sector's middle half€42,017above the sector's middle half▲ 79.5%€39,265above the sector's middle half▼ 6.5%
Equity€36,749within the sector's middle half▲ 37.7%€11,368below the sector's middle half▼ 69.1%€34,772within the sector's middle half▲ 206%€76,789within the sector's middle half▲ 121%€116,053above the sector's middle half▲ 51.1%
Total assets€63,641within the sector's middle half▲ 12.2%€38,781below the sector's middle half▼ 39.1%€70,830within the sector's middle half▲ 82.6%€97,595within the sector's middle half▲ 37.8%€155,160within the sector's middle half▲ 59.0%
Debt€26,892▼ 10.4%€27,414▲ 1.9%€36,058▲ 31.5%€20,806▼ 42.3%€39,107▲ 88.0%
Working capital€35,995within the sector's middle half▲ 37.3%€12,107within the sector's middle half▼ 66.4%€36,268within the sector's middle half▲ 200%€77,197within the sector's middle half▲ 113%€116,453above the sector's middle half▲ 50.9%
Solvency57.7%within the sector's middle half▲ 10.7pp29.3%within the sector's middle half▼ 28.4pp49.1%within the sector's middle half▲ 19.8pp78.7%above the sector's middle half▲ 29.6pp74.8%above the sector's middle half▼ 3.9pp
Current ratio2.36within the sector's middle half▲ 0.441.47within the sector's middle half▼ 0.892.06within the sector's middle half▲ 0.594.78above the sector's middle half▲ 2.724.01above the sector's middle half▼ 0.78
Return on assets (ROA)15.8%within the sector's middle half▲ 55.7pp-65.4%below the sector's middle half▼ 81.3pp33.0%above the sector's middle half▲ 98.5pp43.1%above the sector's middle half▲ 10.0pp25.3%above the sector's middle half▼ 17.7pp
Staff (FTE)1.31.4▲ 7.7%1.9▲ 35.7%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
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 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €155,160
Equity
€116,053 ▲ 51.1%
Debt
€39,107 ▲ 88.0%
Debt's share of the balance-sheet total rises from 21.3% to 25.2%. Equity and debt are higher.
Key figures and ratios
Debt to equity
0.34▲
2024 · 0.27
ROE
33.8%▼
2024 · 54.7%
Debt ≤ 1 year
€38,707▲
2024 · €20,398
Income taxes
€17,340▲
2024 · €15,428
Staff costs
€72,324▲
2024 · €61,559
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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% | 1.8% |
| 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 34,696 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €168 | - | - | - |
| Remuneration, social security and pensions62 | - | €6,612 | €54,476 | €61,559 | €72,324 | ▲ 17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,869 | €371 | €371 | €366 | - | - |
| Other operating charges640/8 | - | €1,016 | €643 | €1,414 | €1,042 | ▼ 26.3% |
| Non-recurring operating charges66A | - | - | €22 | - | - | - |
| Gross operating margin9900 | €10,167 | -€15,830 | €81,426 | €123,320 | €131,825 | ▲ 6.9% |
| Operating profit (loss)9901 | €7,073 | -€23,829 | €25,913 | €59,982 | €58,460 | ▼ 2.5% |
| Financial income75/76B | - | €11 | - | €134 | €531 | ▲ 295% |
| Recurring financial income75 | - | €11 | - | €134 | €531 | ▲ 295% |
| Financial charges65/66B | - | €1,447 | €1,495 | €2,671 | €2,386 | ▼ 10.7% |
| Recurring financial charges65 | €1,904 | €1,447 | €1,495 | €2,671 | €2,386 | ▼ 10.7% |
| Profit (loss) for the period before taxes9903 | €5,169 | -€25,265 | €24,418 | €57,445 | €56,605 | ▼ 1.5% |
| Income taxes67/77 | -€4,892 | €116 | €1,014 | €15,428 | €17,340 | ▲ 12.4% |
| Profit (loss) for the period9904 | €10,061 | -€25,381 | €23,404 | €42,017 | €39,265 | ▼ 6.5% |
| Profit (loss) for the period to be appropriated9905 | €10,061 | -€25,381 | €23,404 | €42,017 | €39,265 | ▼ 6.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €63,641 | €38,781 | €70,830 | €97,595 | €155,160 | ▲ 59.0% |
| Fixed assets21/28 | €1,108 | €737 | €366 | - | - | - |
| Tangible fixed assets22/27 | €1,108 | €737 | €366 | - | - | - |
| Furniture and vehicles24 | - | €737 | €366 | - | - | - |
| Current assets29/58 | €62,533 | €38,044 | €70,464 | €97,595 | €155,160 | ▲ 59.0% |
| Amounts receivable within one year40/41 | €40,277 | €27,211 | €57,963 | €52,326 | €71,084 | ▲ 35.8% |
| Trade receivables40 | - | €24,107 | €53,007 | €48,225 | €66,886 | ▲ 38.7% |
| Other amounts receivable41 | - | €3,104 | €4,956 | €4,101 | €4,198 | ▲ 2.4% |
| Cash at bank and in hand54/58 | €18,561 | €7,068 | €12,272 | €40,229 | €79,307 | ▲ 97.1% |
| Deferred charges and accrued income490/1 | - | €3,765 | €230 | €5,040 | €4,769 | ▼ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €63,641 | €38,781 | €70,830 | €97,595 | €155,160 | ▲ 59.0% |
| Equity10/15 | €36,749 | €11,368 | €34,772 | €76,789 | €116,053 | ▲ 51.1% |
| Contributions10/11 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Outside capital11 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Other1109/19 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €42,960 | €42,960 | €42,960 | €70,460 | €109,460 | ▲ 55.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €41,100 | €41,100 | €68,600 | €107,600 | ▲ 56.9% |
| Profit (loss) carried forward14 | -€12,511 | -€37,892 | -€14,488 | €29 | €293 | ▲ 928% |
| Amounts payable17/49 | €26,892 | €27,414 | €36,058 | €20,806 | €39,107 | ▲ 88.0% |
| Amounts payable within one year42/48 | €26,537 | €25,937 | €34,197 | €20,398 | €38,707 | ▲ 89.8% |
| Trade debts44 | €14,337 | €11,520 | €18,799 | €9,018 | €16,855 | ▲ 86.9% |
| Suppliers440/4 | - | €11,520 | €18,799 | €9,018 | €16,855 | ▲ 86.9% |
| Taxes, remuneration and social security45 | - | €8,717 | €10,431 | €11,380 | €21,852 | ▲ 92.0% |
| Taxes450/3 | - | €1,003 | €1,925 | €3,471 | €8,258 | ▲ 138% |
| Remuneration and social security454/9 | - | €7,714 | €8,506 | €7,909 | €13,594 | ▲ 71.9% |
| Other amounts payable47/48 | - | €5,700 | €4,967 | - | - | - |
| Accrued charges and deferred income492/3 | - | €1,476 | €1,862 | €408 | €400 | ▼ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,061 | -€25,381 | €23,404 | €42,017 | €39,265 | ▼ 6.5% |
| + Depreciation and write-downs630 | €1,869 | €371 | €371 | €366 | - | - |
| Operating cash flow (approximation) | €11,930 | -€25,010 | €23,775 | €42,383 | €39,265 | ▼ 7.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | -€11,493 | €5,204 | €27,957 | €39,078 | ▲ 39.8% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Equity above €100,000Eq €116,053 ▲51.1%
3 profitable years in a row build equity to €116,053.
17-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 17 days late
2024
30-06
Financial
Highest result since 2019net €42,017 ▲79.5%
Operating result €59,982, net result €42,017, both a record.
30-06
Financial
Liquidity doublescurrent ratio 4.78
Current ratio from 2.06 to 4.78; short-term debt falls from €34,197 to €20,398.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €23,404
Net result €23,404 after one loss-making year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€25,381
Net result drops to -€25,381, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €10,061
Net result €10,061 after one loss-making year.
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
Show earlier events
2020
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
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, Perwez · 1 establishment unit since 2016
Ground area
1,007 m²
Building footprint
98 m²
Parcel 25084C0228/00W003, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Pré aux Joncs 24, 1360 Perwez
since 20162.255.356.403
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25084C0228/00W003indicative | Wallonia | 1,007 m² | 1 · 98 m² | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
3 categoriesMICAFLEX SRL42874
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Of 29,786 companies in sector 41001 we hold annual accounts for 16,061. 13,023 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
Founded19-02-2016
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
43120Site preparation
43310Plastering work
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0648818746
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.