MICRO - FM
ActiveSummary
MICRO - FM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.66M and a net result of €-9k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 62% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-29
Solvency93▲+5
Growth36▼-17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.08 against 0.7 in 2024; short-term debt: 32.3% and cash: 0.9% of total assets), and 32.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
67.7%
Return on assets
-0.4%
Age of the figures
9 mo
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
30 d early
2023
12 d early
2022
33 d early
2021
40 d early
2020
47 d early
2019
12 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€347k▼ 9.7%
2019 · €384k
2018: €420khighest in 3 years
2019: €384k▼ -8.6% vs 2018
2020: €347k▼ -9.7% vs 2019lowest in 3 years
2018 → 2020
EBIT margin
-2.8%▲ 1.9pp
2019 · -4.8%
2018: -7.2%lowest in 3 years
2019: -4.8%▲ +33.9% vs 2018
2020: -2.8%▲ +40.4% vs 2019highest in 3 years
2018 → 2020
Net result
€-9k
2024 · €302k
2018: €34k
2019: €75k▲ +118% vs 2018
2020: €-12k▼ -115% vs 2019
2021: €-5k▲ +58.1% vs 2020
2022: €-77k▼ -1499% vs 2021lowest in 8 years
2023: €30k▲ +138% vs 2022
2024: €302k▲ +920% vs 2023highest in 8 years
2025: €-9k▼ -103% vs 2024
2018 → 2025
Working capital
€-726k▼ 142%
2024 · €-300k
2018: €1.40M
2019: €1.48M▲ +5.7% vs 2018highest in 8 years
2020: €1.47M▼ -0.8% vs 2019
2021: €1.46M▼ -0.2% vs 2020
2022: €1.28M▼ -12.9% vs 2021
2023: €-305k▼ -124% vs 2022
2024: €-300k▲ +1.7% vs 2023
2025: €-726k▼ -142% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.58M-€1.34M▼ 15.4%€1.37M▲ 2.2%€1.67M▲ 22.1%€1.66M▼ 0.5%
2021: €1.58M
2022: €1.34M▼ -15.4% vs 2021lowest in 5 years
2023: €1.37M▲ +2.2% vs 2022
2024: €1.67M▲ +22.1% vs 2023highest in 5 years
2025: €1.66M▼ -0.5% vs 2024
Operating result€-55k-€-185k▼ 235%€-35k▲ 81.3%€118€14k▲ 11,419%
2021: €-55k
2022: €-185k▼ -235% vs 2021lowest in 5 years
2023: €-35k▲ +81.3% vs 2022
2024: €118▲ +100% vs 2023
2025: €14k▲ +11419% vs 2024highest in 5 years
Net result€-5k-€-77k▼ 1,499%€30k€302k▲ 920%€-9k
2021: €-5k
2022: €-77k▼ -1499% vs 2021lowest in 5 years
2023: €30k▲ +138% vs 2022
2024: €302k▲ +920% vs 2023highest in 5 years
2025: €-9k▼ -103% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 11,419% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.45M
Fixed assets
€2.39M ▲ 21.2%
Current assets
€66k ▼ 90.4%
Equity and liabilities €2.45M
Equity
€1.66M ▼ 0.5%
Debt
€793k ▼ 20.0%
Debt's share of the balance-sheet total falls from 37.3% to 32.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
0.08▼
2024 · 0.70
Debt to equity
0.48▼
2024 · 0.59
ROE
-0.5%▼
2024 · 18.1%
ROA
-0.4%▼
2024 · 11.4%
Debt ≤ 1 year
€793k▼
2024 · €991k
Income taxes
€230▲
2024 · €208
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.66M€2.45M▼
Fixed assets21/28€1.97M€2.39M▲
Financial fixed assets28€1.97M€2.39M▲
Current assets29/58€692k€66k▼
Amounts receivable within one year40/41€247k€42k▼
Trade receivables40€30k€42k▲
Other amounts receivable41€217k€208▼
Cash at bank and in hand54/58€443k€22k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€2.66M€2.45M▼
Equity10/15€1.67M€1.66M▼
Contributions10/11€12k€12k=
Reserves13€120k€120k=
Non-distributable reserves130/1€73k€73k=
Reserves not available under the articles1311€73k€73k=
Tax-exempt reserves132€47k€47k=
Profit (loss) carried forward14€1.54M€1.53M▼
Amounts payable17/49€991k€793k▼
Amounts payable within one year42/48€991k€793k▼
Trade debts44€959€1k▲
Suppliers440/4€959€1k▲
Other amounts payable47/48€990k€791k▼
Income statement
Code20242025
Gross operating margin9900€118€14k▲
Operating profit (loss)9901€118€14k▲
Financial income75/76B€319k€1k▼
Recurring financial income75€319k€1k▼
Financial charges65/66B€17k€24k▲
Recurring financial charges65€17k€24k▲
Profit (loss) for the period before taxes9903€302k€-9k▼
Income taxes67/77€208€230▲
Profit (loss) for the period9904€302k€-9k▼
Profit (loss) for the period to be appropriated9905€302k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.54M€1.53M▼
Profit (loss) brought forward from the previous period14P€1.24M€1.54M▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €5k | €49 | €-933 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | - | - | - | - | - |
| Other operating charges640/8 | €868 | €4k | €960 | - | - | - |
| Non-recurring operating charges66A | - | €171k | €4k | - | - | - |
| Gross operating margin9900 | €-48k | €-11k | €-31k | €118 | €14k | ▲ 11,419% |
| Operating profit (loss)9901 | €-55k | €-185k | €-35k | €118 | €14k | ▲ 11,419% |
| Financial income75/76B | €50k | €109k | €71k | €319k | €1k | ▼ 99.5% |
| Recurring financial income75 | €238 | €109k | €71k | €319k | €1k | ▼ 99.5% |
| Non-recurring financial income76B | €50k | - | - | - | - | - |
| Financial charges65/66B | €218 | €937 | €6k | €17k | €24k | ▲ 39.9% |
| Recurring financial charges65 | €218 | €937 | €6k | €17k | €24k | ▲ 39.9% |
| Profit (loss) for the period before taxes9903 | €-5k | €-77k | €30k | €302k | €-9k | ▼ 103% |
| Income taxes67/77 | €-263 | €-113 | €770 | €208 | €230 | ▲ 10.7% |
| Profit (loss) for the period9904 | €-5k | €-77k | €30k | €302k | €-9k | ▼ 103% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €-77k | €30k | €302k | €-9k | ▼ 103% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.59M | €1.37M | €1.97M | €2.66M | €2.45M | ▼ 7.8% |
| Fixed assets21/28 | €116k | €61k | €1.68M | €1.97M | €2.39M | ▲ 21.2% |
| Tangible fixed assets22/27 | €0 | €0 | - | - | - | - |
| Furniture and vehicles24 | €0 | €0 | - | - | - | - |
| Financial fixed assets28 | €116k | €61k | €1.68M | €1.97M | €2.39M | ▲ 21.2% |
| Current assets29/58 | €1.48M | €1.30M | €293k | €692k | €66k | ▼ 90.4% |
| Amounts receivable within one year40/41 | €207k | €92k | €98k | €247k | €42k | ▼ 82.8% |
| Trade receivables40 | €87k | €85k | €98k | €30k | €42k | ▲ 41.2% |
| Other amounts receivable41 | €121k | €6k | - | €217k | €208 | ▼ 99.9% |
| Current investments50/53 | €102k | €102k | €2k | - | - | - |
| Cash at bank and in hand54/58 | €1.17M | €1.11M | €192k | €443k | €22k | ▼ 95.1% |
| Deferred charges and accrued income490/1 | €2k | €2k | €863 | €1k | €2k | ▲ 64.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.59M | €1.37M | €1.97M | €2.66M | €2.45M | ▼ 7.8% |
| Equity10/15 | €1.58M | €1.34M | €1.37M | €1.67M | €1.66M | ▼ 0.5% |
| Contributions10/11 | €10k | €12k | €12k | €12k | €12k | = |
| Capital10 | €10k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Uncalled capital101 | €9k | - | - | - | - | - |
| Outside capital11 | - | €12k | - | - | - | - |
| Other1109/19 | - | €12k | - | - | - | - |
| Reserves13 | €287k | €120k | €120k | €120k | €120k | = |
| Non-distributable reserves130/1 | €2k | - | - | €73k | €73k | = |
| Legal reserve130 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €73k | €73k | = |
| Tax-exempt reserves132 | €47k | €47k | €47k | €47k | €47k | = |
| Distributable reserves133 | €239k | €73k | €73k | - | - | - |
| Profit (loss) carried forward14 | €1.28M | €1.21M | €1.24M | €1.54M | €1.53M | ▼ 0.6% |
| Amounts payable17/49 | €13k | €28k | €604k | €991k | €793k | ▼ 20.0% |
| Amounts payable within one year42/48 | €13k | €28k | €598k | €991k | €793k | ▼ 20.0% |
| Trade debts44 | €13k | €28k | €8k | €959 | €1k | ▲ 25.4% |
| Suppliers440/4 | €13k | €28k | €8k | €959 | €1k | ▲ 25.4% |
| Taxes, remuneration and social security45 | €385 | - | €3k | - | - | - |
| Taxes450/3 | - | - | €3k | - | - | - |
| Remuneration and social security454/9 | €385 | - | - | - | - | - |
| Other amounts payable47/48 | - | €700 | €587k | €990k | €791k | ▼ 20.1% |
| Accrued charges and deferred income492/3 | - | - | €7k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €-77k | €30k | €302k | €-9k | ▼ 103% |
| + Depreciation and write-downs630 | €2k | - | - | - | - | - |
| Operating cash flow (approximation) | €-3k | €-77k | €30k | €302k | €-9k | ▼ 103% |
| Investment in fixed assets (approximation) | - | €55k | €-1.62M | €-290k | €-418k | ▼ 43.9% |
| Change in cash | - | €-58k | €-916k | €252k | €-422k | ▼ 268% |
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
09-09
State Gazette act
Resignation: IPM Group SA (director)Appointment: MAJA Group SA (director)3 facts ▸
State Gazette act
Resignation: IPM Group SA (director)
Appointment: MAJA Group SA (director)3 facts ▸
- Director resignation, IPM Group SA (director)
- Director appointment, MAJA Group SA (director)
- General meeting, 18-06-2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €302k ▲920%
Net result €302k, the highest in the series.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €30k
Net result €30k after 3 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-77k
Net result drops to €-77k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 130.77
Current ratio from 37.36 to 130.77; short-term debt falls from €41k to €11k.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Show earlier events
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
SA MAJA Group
CurrentDirector · since 18-06-2026 · Legal entity · perm. rep.: François le Hodey
18-06-2026
Appointed as Director
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 1991
Ground area
3,975 m²
Building footprint
3,644 m²
Volume, LiDAR
56,819 m³
2 parcels, Brussels · tallest building 22.8 m, ±5 floors. Linked by address, not a title deed.
56
companies at this address
See who is registered here
1 establishment unit
Télémachuslaan 33, 1190 Vorst
since 19912.054.754.067
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0225/00Z005 | Brussels | 3,610 m² | 1 · 3,528 m² | 22.8 m · 5 fl. |
| 21383B0020/00D066 | Brussels | 365 m² | 1 · 115 m² | 17.5 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.
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 1,177 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
Founded22-01-1990
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.