MICAL
ActiveMICAL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.05M and a net result of €113k. Equity is growing by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▲+2
Solvency95▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.04 against 2.34 in 2024; short-term debt: 30.2% and cash: 5.9% of total assets), and 30.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
69.8%
Return on assets
7.6%
Age of the figures
9 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-02-2026, 155 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
155 d early
2024
31 d early
2023
126 d early
2022
102 d early
2021
29 d late
2020
31 d late
2019
38 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€113k▲ 24.3%
2024 · €91k
2018: €3k
2019: €12k
2020: €122k
2021: €106k
2022: €83k
2023: €65k
2024: €91k
2018 → 2025
Working capital
€472k▼ 13.2%
2024 · €543k
2018: €231k
2019: €154k
2020: €197k
2021: €335k
2022: €252k
2023: €359k
2024: €543k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€937k-€997k▲ 6.4%€1.02M▲ 2.4%€1.09M▲ 6.3%€1.05M▼ 3.7%
Operating result€110k-€86k▼ 22.1%€77k▼ 10.2%€92k▲ 18.9%€126k▲ 37.3%
Net result€106k-€83k▼ 21.3%€65k▼ 21.2%€91k▲ 39.2%€113k▲ 24.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.50M
Fixed assets
€574k▲ 5.9%
Current assets
€924k▼ 2.8%
Equity and liabilities €1.50M
Equity
€1.05M▼ 3.7%
Debt
€452k▲ 11.2%
The debt ratio rises from 27.3% to 30.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€190k▼
2024 · €220k
Cash flow
€177k▼
2024 · €220k
Solvency
69.8%▼
2024 · 72.7%
Current ratio
2.04▼
2024 · 2.34
Quick ratio
0.43▼
2024 · 0.91
Debt / equity
0.43▲
2024 · 0.37
ROE
10.8%▲
2024 · 8.4%
ROA
7.6%▲
2024 · 6.1%
Interest coverage
44.20▲
2024 · 14.95
Debt
€452k▲
2024 · €407k
Debt ≤ 1 year
€452k▲
2024 · €407k
Income taxes
€40k▼
2024 · €44k
Staff costs
€469k▲
2024 · €456k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.49M€1.50M▲
Fixed assets21/28€542k€574k▲
Tangible fixed assets22/27€542k€574k▲
Land and buildings22€407k€374k▼
Plant, machinery and equipment23€117k€191k▲
Furniture and vehicles24€18k€9k▼
Current assets29/58€950k€924k▼
Stocks and contracts in progress3€579k€730k▲
Stocks30/36€579k€730k▲
Amounts receivable within one year40/41€260k€103k▼
Trade receivables40€57k€57k▼
Other amounts receivable41€203k€46k▼
Cash at bank and in hand54/58€111k€88k▼
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€1.49M€1.50M▲
Equity10/15€1.09M€1.05M▼
Contributions10/11€300k€300k=
Reserves13€767k€746k▼
Non-distributable reserves130/1€30k€30k=
Reserves not available under the articles1311€30k€30k=
Distributable reserves133€737k€716k▼
Investment grants15€19k-
Amounts payable17/49€407k€452k▲
Amounts payable within one year42/48€407k€452k▲
Current portion of amounts payable after more than one year42€4k€4k▼
Trade debts44€289k€303k▲
Suppliers440/4€289k€303k▲
Taxes, remuneration and social security45€96k€117k▲
Taxes450/3€899€18k▲
Remuneration and social security454/9€95k€99k▲
Other amounts payable47/48€18k€28k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€1k▼
Remuneration, social security and pensions62€456k€469k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€129k€64k▼
Other operating charges640/8€46k€46k▲
Gross operating margin9900€722k€705k▼
Operating profit (loss)9901€92k€126k▲
Financial income75/76B€58k€32k▼
Recurring financial income75€58k€32k▼
Financial charges65/66B€15k€4k▼
Recurring financial charges65€15k€4k▼
Profit (loss) for the period before taxes9903€135k€154k▲
Income taxes67/77€44k€40k▼
Profit (loss) for the period9904€91k€113k▲
Profit (loss) for the period to be appropriated9905€91k€113k▲
Appropriation of the result
Profit (loss) to be appropriated9906€91k€113k▲
Transfer from equity791/2€3k€134k▲
Transfer to equity691/2€91k€113k▲
To other reserves6921€91k€113k▲
Profit to be distributed694/7€3k€134k▲
Return on contributions (dividend)694-€134k
Directors or managers695€3k-
Social balance
Average headcount (FTE)908710.511.5▲
The notes to these accounts (9 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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €1MEq €1.02M ▲2.4%
6 profitable years in a row build equity to €1.02M.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €122k ▲875%
Operating result €175k, net result €122k, both a record.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 38 days late
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
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
1 act for this company is 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, Oupeye · 1 establishment unit since 2008
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.
Rue du Vivier 284682 OupeyeGround area
1.4 ha
Building footprint
62 m²
Volume, LiDAR
300 m³
2 parcels, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MICAL
since 20082.170.869.403
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62006B0352/00E000 | Wallonia | 1.2 ha | - | - |
| 62052A0769/00G000 | Wallonia | 1,381 m² | 1 · 62 m² | 7.9 m · 2 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
HVID
BE 0736.521.196
Jabbeke · Eq €1.08M
Babimex
BE 0407.628.444
Beerse · Eq €966k
ACHOKA
BE 1028.996.685
Genappe · Eq €936k
Mrs F
BE 0739.718.139
Gent · Eq €824k
HURRAY DISTRIBUTION
BE 0546.764.650
Sint-Niklaas · Eq €800k
Of 236 companies in sector 46419 we hold annual accounts for 130. 56 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-04-2008
Fiscal year end31-12
Activities, NACEBEL
46419Wholesale trade
47512Retail sale of household textiles and bedding
46471Wholesale trade
47519Retail trade
47551Retail sale of household furniture
47591Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:miver.cm@gmail.com