MICMAX
ActiveSummary
The computed 12-month bankruptcy probability of MICMAX is 6.5% (elevated). The 2025 annual accounts show negative equity (-€155,975) and a net result of -€51,503. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability21▲+21
Solvency9▼-3
Growth58
Track record82
Bankruptcy probability, 12 months
6.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.06 in 2024; short-term debt: 20.2% and cash: 1.7% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-16.3%
Return on assets
-5.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€155,975
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 2 filingsDeviation from the deadline
2025
20 d late
2024
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 2 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)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€155,975▼ 22.4%
2024 · -€127,422
Total assets
€955,393▼ 5.2%
2024 · €1.0m
Net result
-€51,503▲ 65.1%
2024 · -€147,422
Working capital
-€175,403▲ 5.8%
2024 · -€186,276
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result-€126,732--€16,157▲ 87.3%
Net result-€147,422--€51,503▲ 65.1%
Equity-€127,422--€155,975▼ 22.4%
Total assets€1.0m-€955,393▼ 5.2%
Debt€1.1m-€1.1m▼ 2.1%
Working capital-€186,276--€175,403▲ 5.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,157 in 2025 against €126,732 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €955,393
Fixed assets
€937,855 ▼ 5.8%
Current assets
€17,538 ▲ 40.8%
Key figures and ratios
EBITDA
€41,338▲
2024 · -€11,139
Cash flow
€5,992▲
2024 · -€31,829
Solvency
-16.3%▼
2024 · -12.6%
Current ratio
0.09▲
2024 · 0.06
Debt to equity
-7.13▲
2024 · -8.91
ROA
-5.4%▲
2024 · -14.6%
Interest coverage
1.09▲
2024 · -0.54
Debt ≤ 1 year
€192,941▼
2024 · €198,736
Debt > 1 year
€915,852▼
2024 · €934,457
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €115,593 | €57,495 | ▼ 50.3% |
| Other operating charges640/8 | €1,830 | €2,738 | ▲ 49.6% |
| Gross operating margin9900 | -€9,309 | €44,077 | ▲ 573% |
| Operating profit (loss)9901 | -€126,732 | -€16,157 | ▲ 87.3% |
| Financial income75/76B | €1 | €2,550 | ▲ 509,900% |
| Recurring financial income75 | €1 | €2,550 | ▲ 509,900% |
| Financial charges65/66B | €20,690 | €37,896 | ▲ 83.2% |
| Recurring financial charges65 | €20,690 | €37,896 | ▲ 83.2% |
| Profit (loss) for the period before taxes9903 | -€147,422 | -€51,503 | ▲ 65.1% |
| Profit (loss) for the period9904 | -€147,422 | -€51,503 | ▲ 65.1% |
| Profit (loss) for the period to be appropriated9905 | -€147,422 | -€51,503 | ▲ 65.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.0m | €955,393 | ▼ 5.2% |
| Fixed assets21/28 | €995,350 | €937,855 | ▼ 5.8% |
| Tangible fixed assets22/27 | €995,350 | €937,855 | ▼ 5.8% |
| Land and buildings22 | €995,350 | €937,855 | ▼ 5.8% |
| Current assets29/58 | €12,460 | €17,538 | ▲ 40.8% |
| Amounts receivable within one year40/41 | - | €600 | - |
| Trade receivables40 | - | €600 | - |
| Cash at bank and in hand54/58 | €12,223 | €16,552 | ▲ 35.4% |
| Deferred charges and accrued income490/1 | €237 | €386 | ▲ 63.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.0m | €955,393 | ▼ 5.2% |
| Equity10/15 | -€127,422 | -€155,975 | ▼ 22.4% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€147,422 | -€198,925 | ▼ 34.9% |
| Investment grants15 | - | €22,950 | - |
| Amounts payable17/49 | €1.1m | €1.1m | ▼ 2.1% |
| Amounts payable after more than one year17 | €934,457 | €915,852 | ▼ 2.0% |
| Financial debts170/4 | €933,007 | €903,852 | ▼ 3.1% |
| Other amounts payable178/9 | €1,450 | €12,000 | ▲ 728% |
| Amounts payable within one year42/48 | €198,736 | €192,941 | ▼ 2.9% |
| Current portion of amounts payable after more than one year42 | €6,829 | €29,155 | ▲ 327% |
| Trade debts44 | €29,907 | €129 | ▼ 99.6% |
| Suppliers440/4 | €29,907 | €129 | ▼ 99.6% |
| Other amounts payable47/48 | €162,000 | €163,657 | ▲ 1.0% |
| Accrued charges and deferred income492/3 | €2,039 | €2,575 | ▲ 26.3% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€147,422 | -€51,503 | ▲ 65.1% |
| + Depreciation and write-downs630 | €115,593 | €57,495 | ▼ 50.3% |
| Operating cash flow (approximation) | -€31,829 | €5,992 | ▲ 119% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €4,328 | - |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Schaarbeek · 1 establishment unit since 2024
Ground area
305 m²
Building footprint
150 m²
Volume, LiDAR
1,602 m³
2 parcels, Brussels · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MICMAX
since 20242.354.982.232
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21904B0436/00H000 | Brussels | 181 m² | 1 · 64 m² | 11.4 m · 3 fl. |
| 21019A0084/00R000 | Brussels | 124 m² | 1 · 86 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded16-01-2024
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.