MICRO HIGH TECH
ActiveFinancials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 28-10-2025 PDF all 12 filings
Turnover
€163,023▲ 70.1%
2019 · €95,818
EBIT margin
19.6%▲ 6.2pp
2019 · 13.4%
Net result
€12,102
2023 · -€2,512
Working capital
€12,595
2023 · -€88
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
no figure
2024
20182024
Operating result
€11,868
▲ 22×
2024
20182024
Net result
€12,102
2024
middle half of the sector
20182024
EBIT margin
no figure
2024
20182024
Equity
€14,735
▲ 493%
2024
lowest quarter of the sector
20182024
Total assets
€34,618
▼ 17.2%
2024
lowest quarter of the sector
20182024
Debt
€19,883
▼ 49.4%
2024
20182024
Working capital
€12,595
2024
middle half of the sector
20182024
Solvency
42.6%
▲ 36.6pp
2024
middle half of the sector
20182024
Current ratio
1.63
▲ 0.64
2024
middle half of the sector
20182024
Return on assets (ROA)
35.0%
▲ 41.0pp
2024
highest quarter of the sector
20182024
Staff (FTE)
1.2
▼ 29.4%
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€95,818€163,023▲ 70.1%
Operating result-€10,756-€12,849€31,974▲ 149%€7,371▼ 76.9%-€3,584€551€11,868▲ 22×
Net result-€11,254-€11,851€30,300above the sector's middle half▲ 156%€1,982within the sector's middle half▼ 93.5%-€5,816below the sector's middle half-€2,512below the sector's middle half▲ 56.8%€12,102within the sector's middle half
EBIT margin13.4%19.6%▲ 6.2pp
Equity-€27,666--€15,815▲ 42.8%€14,484below the sector's middle half€10,811below the sector's middle half▼ 25.4%€4,995below the sector's middle half▼ 53.8%€2,483below the sector's middle half▼ 50.3%€14,735below the sector's middle half▲ 493%
Total assets€12,412-€28,991▲ 134%€56,344below the sector's middle half▲ 94.3%€48,217below the sector's middle half▼ 14.4%€69,406within the sector's middle half▲ 43.9%€41,789below the sector's middle half▼ 39.8%€34,618below the sector's middle half▼ 17.2%
Debt€40,078-€44,807▲ 11.8%€41,860▼ 6.6%€37,406▼ 10.6%€64,410▲ 72.2%€39,306▼ 39.0%€19,883▼ 49.4%
Working capital-€29,806--€22,815▲ 23.5%€7,046within the sector's middle half€5,472within the sector's middle half▼ 22.3%€1,443below the sector's middle half▼ 73.6%-€88below the sector's middle half€12,595within the sector's middle half
Solvency-222.9%--54.6%▲ 168.3pp25.7%within the sector's middle half▲ 80.3pp22.4%within the sector's middle half▼ 3.3pp7.2%below the sector's middle half▼ 15.2pp5.9%below the sector's middle half▼ 1.3pp42.6%within the sector's middle half▲ 36.6pp
Current ratio0.26-0.49▲ 0.231.17within the sector's middle half▲ 0.681.15within the sector's middle half▼ 0.021.02below the sector's middle half▼ 0.121.00below the sector's middle half▼ 0.021.63within the sector's middle half▲ 0.64
Return on assets (ROA)-90.7%-40.9%▲ 131.5pp53.8%above the sector's middle half▲ 12.9pp4.1%within the sector's middle half▼ 49.7pp-8.4%below the sector's middle half▼ 12.5pp-6.0%below the sector's middle half▲ 2.4pp35.0%above the sector's middle half▲ 41.0pp
Staff (FTE)1-3.6▲ 260%0.5below the sector's middle half▼ 86.1%2.9▲ 480%1.7▼ 41.4%1.7=1.2▼ 29.4%
above
within
below
The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is nearly 22 times that of 2023. It is the second rise in a row, after the fall in 2022.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34,618
Fixed assets
€2,140 ▼ 16.8%
Current assets
€32,478 ▼ 17.2%
Equity and liabilities €34,618
Equity
€14,735 ▲ 493%
Debt
€19,883 ▼ 49.4%
Debt's share of the balance-sheet total falls from 94.1% to 57.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€12,300▲
2023 · €1,532
Cash flow
€12,533▲
2023 · -€1,531
Quick ratio
1.43▲
2023 · 0.38
Debt to equity
1.35▼
2023 · 15.83
ROE
82.1%▲
2023 · -101.2%
Interest coverage
24.43▲
2023 · 0.65
Debt ≤ 1 year
€19,883▼
2023 · €39,306
Staff costs
€13,592▼
2023 · €32,523
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 2 | 1 | 1 |
| full-time | 2 | 2 | 1 | 1 |
| part-time | 1 | - | - | - |
| in full-time equivalents | 2.5 | 2 | 1 | 1 |
| Average over the year, in full-time equivalents | 2.9 | 1.6 | 1.7 | 1.2 |
| On a permanent contract | 2 | 1 | 1 | 1 |
| Joined | 3 | 2 | 0 | 1 |
| Left | 5 | 3 | 1 | 1 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Tangible fixed assets | €1,100 | - | - | - |
| Depreciation and write-downs of the year | €1,999 | €1,786 | €981 | €431 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | €95,818 | €163,023 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €37,445 | €32,826 | €32,523 | €13,592 | ▼ 58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €837 | €1,768 | €1,999 | €1,786 | €981 | €431 | ▼ 56.1% |
| Other operating charges640/8 | - | - | - | €520 | €5,565 | €631 | €4,503 | ▲ 613% |
| Gross operating margin9900 | -€1,464 | €33,708 | €68,165 | €47,337 | €36,593 | €34,687 | €30,395 | ▼ 12.4% |
| Operating profit (loss)9901 | -€10,756 | €12,849 | €31,974 | €7,371 | -€3,584 | €551 | €11,868 | ▲ 22× |
| Financial income75/76B | - | - | - | - | €9 | €0 | €737 | ▲ 73,743× |
| Recurring financial income75 | €2 | - | - | - | €9 | €0 | €737 | ▲ 73,743× |
| Financial charges65/66B | - | - | - | €5,220 | €1,849 | €2,364 | €504 | ▼ 78.7% |
| Recurring financial charges65 | €500 | €999 | €1,674 | €5,220 | €1,849 | €2,364 | €504 | ▼ 78.7% |
| Profit (loss) for the period before taxes9903 | -€11,254 | €11,851 | €30,300 | €2,151 | -€5,424 | -€1,813 | €12,102 | - |
| Income taxes67/77 | - | - | - | €169 | €391 | €700 | - | - |
| Profit (loss) for the period9904 | -€11,254 | €11,851 | €30,300 | €1,982 | -€5,816 | -€2,512 | €12,102 | - |
| Profit (loss) for the period to be appropriated9905 | -€11,254 | €11,851 | €30,300 | €1,982 | -€5,816 | -€2,512 | €12,102 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €12,412 | €28,991 | €56,344 | €48,217 | €69,406 | €41,789 | €34,618 | ▼ 17.2% |
| Fixed assets21/28 | €2,140 | €7,000 | €7,439 | €5,339 | €3,553 | €2,571 | €2,140 | ▼ 16.8% |
| Tangible fixed assets22/27 | - | €4,860 | €4,099 | €3,199 | €1,413 | €431 | - | - |
| Plant, machinery and equipment23 | - | - | - | €1,569 | €870 | €315 | - | - |
| Furniture and vehicles24 | - | - | - | €1,630 | €543 | €117 | - | - |
| Financial fixed assets28 | €2,140 | €2,140 | €3,340 | €2,140 | €2,140 | €2,140 | €2,140 | = |
| Current assets29/58 | €10,272 | €21,991 | €48,906 | €42,878 | €65,853 | €39,218 | €32,478 | ▼ 17.2% |
| Stocks and contracts in progress3 | €5,009 | €15,863 | €33,526 | €27,342 | €34,316 | €24,445 | €3,962 | ▼ 83.8% |
| Stocks30/36 | - | - | - | €27,342 | €34,316 | €24,445 | €3,962 | ▼ 83.8% |
| Amounts receivable within one year40/41 | €3,838 | €4,287 | €4,984 | €14,185 | €18,138 | €10,691 | €28,298 | ▲ 165% |
| Trade receivables40 | - | - | - | €13,599 | €18,138 | €10,691 | €10,691 | = |
| Other amounts receivable41 | - | - | - | €586 | - | - | €17,608 | - |
| Cash at bank and in hand54/58 | €1,425 | €1,131 | €9,653 | €1,048 | €12,103 | €142 | €219 | ▲ 53.8% |
| Deferred charges and accrued income490/1 | - | - | - | €303 | €1,297 | €3,940 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €12,412 | €28,991 | €56,344 | €48,217 | €69,406 | €41,789 | €34,618 | ▼ 17.2% |
| Equity10/15 | -€27,666 | -€15,815 | €14,484 | €10,811 | €4,995 | €2,483 | €14,735 | ▲ 493% |
| Contributions10/11 | €18,450 | €18,450 | - | €18,450 | €18,450 | €18,450 | €18,600 | ▲ 0.8% |
| Profit (loss) carried forward14 | -€46,116 | -€34,265 | -€3,966 | -€7,639 | -€13,455 | -€15,967 | -€3,865 | ▲ 75.8% |
| Amounts payable17/49 | €40,078 | €44,807 | €41,860 | €37,406 | €64,410 | €39,306 | €19,883 | ▼ 49.4% |
| Amounts payable within one year42/48 | €40,078 | €44,807 | €41,860 | €37,406 | €64,410 | €39,306 | €19,883 | ▼ 49.4% |
| Trade debts44 | €1,645 | €4,567 | €6,581 | €6,823 | €17,264 | €25,130 | €10,073 | ▼ 59.9% |
| Suppliers440/4 | - | - | - | €6,823 | €17,264 | €25,130 | €10,073 | ▼ 59.9% |
| Taxes, remuneration and social security45 | - | - | - | €17,851 | €20,665 | €10,864 | €2,454 | ▼ 77.4% |
| Taxes450/3 | - | - | - | €13,878 | €13,073 | €5,735 | - | - |
| Remuneration and social security454/9 | - | - | - | €3,973 | €7,592 | €5,129 | €2,454 | ▼ 52.2% |
| Other amounts payable47/48 | - | - | - | €12,732 | €26,481 | €3,313 | €7,356 | ▲ 122% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,254 | €11,851 | €30,300 | €1,982 | -€5,816 | -€2,512 | €12,102 | - |
| + Depreciation and write-downs630 | - | €837 | €1,768 | €1,999 | €1,786 | €981 | €431 | ▼ 56.1% |
| Operating cash flow (approximation) | -€11,254 | €12,688 | €32,068 | €3,981 | -€4,029 | -€1,531 | €12,533 | - |
| Investment in fixed assets (approximation) | - | -€5,697 | -€2,207 | €100 | €0 | €0 | €0 | - |
| Change in cash | - | -€294 | €8,523 | -€8,605 | €11,055 | -€11,961 | €76 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as MICRO HIGH TECH has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
The bankruptcy probability of MICRO HIGH TECH itself is higher: 5.3% within 12 months. It rests on far more data about MICRO HIGH TECH than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for MICRO HIGH TECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 28-10-2025 | 2025-00551113 | |
| 31-12-2023 | micro format | 03-10-2024 | 2024-00491085 | |
| 31-12-2022 | micro format | 05-10-2023 | 2023-00472473 | |
| 31-12-2021 | micro format | 22-11-2022 | 2022-20523822 | |
| 31-12-2020 | micro format | 14-09-2021 | 2021-67200418 | |
| 31-12-2019 | micro format | 30-09-2020 | 2020-57800160 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-67500562 | |
| 31-12-2017 | micro format | 27-08-2018 | 2018-57600460 | |
| 31-12-2016 | full format | 19-08-2017 | 2017-44500522 | |
| 31-12-2015 | full format | 07-11-2016 | 2016-67800097 |