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MICATEC

Active
Private limited companyfounded 2025active for 1 yearWelvaartstraat 13, 8310 Brugge, BelgiumKBO/BCE: BE 1021.424.747
Summary

MICATEC has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,423 and a net result of €70,256. Its solvency ranks better than 48% of 34,747 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (30 days) Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00454992.

Equity
€74,423
Total assets
€165,237
Net result
€70,256
Working capital
€56,951

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €165,237
Fixed assets €24,907
Current assets €140,330
Equity and liabilities €165,237
Equity €74,423
Debt €90,814
Debt finances 55.0% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€97,555
Cash flow
€79,394
Current ratio
1.68
Quick ratio
1.38
Debt to equity
1.22
ROE
94.4%
ROA
42.5%
Interest coverage
over 100
Debt ≤ 1 year
€83,380
Debt > 1 year
€7,434
Income taxes
€17,767

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 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 74.5% 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 11,279 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
Filed annual accounts As filed with the NBB · 2025 · 47 lines
Balance sheet Code2025
Assets
Total assets20/58€165,237
Fixed assets21/28€24,907
Intangible fixed assets21€925
Tangible fixed assets22/27€23,982
Plant, machinery and equipment23€1,715
Furniture and vehicles24€22,267
Current assets29/58€140,330
Stocks and contracts in progress3€25,468
Stocks30/36€25,468
Amounts receivable within one year40/41€31,727
Trade receivables40€27,924
Other amounts receivable41€3,804
Cash at bank and in hand54/58€81,551
Deferred charges and accrued income490/1€1,584
Equity and liabilities
Total equity and liabilities10/49€165,237
Equity10/15€74,423
Contributions10/11€5,000
Reserves13€69,423
Distributable reserves133€69,423
Amounts payable17/49€90,814
Amounts payable after more than one year17€7,434
Financial debts170/4€7,434
Amounts payable within one year42/48€83,380
Current portion of amounts payable after more than one year42€3,494
Trade debts44€16,974
Suppliers440/4€16,974
Advances received on contracts in progress46€1,847
Taxes, remuneration and social security45€17,979
Taxes450/3€17,979
Other amounts payable47/48€43,086
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,138
Other operating charges640/8€412
Gross operating margin9900€97,967
Operating profit (loss)9901€88,417
Financial income75/76B€21
Recurring financial income75€21
Financial charges65/66B€416
Recurring financial charges65€416
Profit (loss) for the period before taxes9903€88,023
Income taxes67/77€17,767
Profit (loss) for the period9904€70,256
Profit (loss) for the period to be appropriated9905€70,256
Appropriation of the result
Profit (loss) to be appropriated9906€70,256
Transfer to equity691/2€69,423
To other reserves6921€69,423
Profit to be distributed694/7€833
Return on contributions (dividend)694€833

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,138
Other operating charges640/8€412
Gross operating margin9900€97,967
Operating profit (loss)9901€88,417
Financial income75/76B€21
Recurring financial income75€21
Financial charges65/66B€416
Recurring financial charges65€416
Profit (loss) for the period before taxes9903€88,023
Income taxes67/77€17,767
Profit (loss) for the period9904€70,256
Profit (loss) for the period to be appropriated9905€70,256
Line2025
Assets
Total assets20/58€165,237
Fixed assets21/28€24,907
Intangible fixed assets21€925
Tangible fixed assets22/27€23,982
Plant, machinery and equipment23€1,715
Furniture and vehicles24€22,267
Current assets29/58€140,330
Stocks and contracts in progress3€25,468
Stocks30/36€25,468
Amounts receivable within one year40/41€31,727
Trade receivables40€27,924
Other amounts receivable41€3,804
Cash at bank and in hand54/58€81,551
Deferred charges and accrued income490/1€1,584
Equity and liabilities
Total equity and liabilities10/49€165,237
Equity10/15€74,423
Contributions10/11€5,000
Reserves13€69,423
Distributable reserves133€69,423
Amounts payable17/49€90,814
Amounts payable after more than one year17€7,434
Financial debts170/4€7,434
Amounts payable within one year42/48€83,380
Current portion of amounts payable after more than one year42€3,494
Trade debts44€16,974
Suppliers440/4€16,974
Advances received on contracts in progress46€1,847
Taxes, remuneration and social security45€17,979
Taxes450/3€17,979
Other amounts payable47/48€43,086
Line2025
Profit (loss) for the period9904€70,256
+ Depreciation and write-downs630€9,138
Operating cash flow (approximation)€79,394

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 30-08-2026 2026-00454992

Similar companies · same sector, comparable size

Of the 7,015 active companies whose main activity is plumbing work (NACE 43221), figures are known for 3,561. 3,138 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.