Summary
MIEGE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €4.8m and a net result of €1.3m. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 5587 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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
3 d early
2023
30 d late
2022
59 d late
2021
11 d early
2020
24 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed 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. Usually files around 28 July (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€4.8m▲ 36.0%
2024 · €3.5m
Net result
€1.3m▲ 196%
2024 · €430,937
Total assets
€18.8m▼ 4.9%
2024 · €19.8m
Solvency
25.5%▲ 7.7pp
2024 · 17.9%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€318,826▲ 68.9%€602,065▲ 88.8%€738,422▲ 22.6%€733,714▼ 0.6%€477,435▼ 34.9%
Net result€1.2mabove the sector's middle half▲ 56.2%€359,926within the sector's middle half▼ 69.5%€512,280within the sector's middle half▲ 42.3%€430,937within the sector's middle half▼ 15.9%€1.3mabove the sector's middle half▲ 196%
Equity€2.2mwithin the sector's middle half▲ 111%€2.6mwithin the sector's middle half▲ 16.1%€3.1mwithin the sector's middle half▲ 19.7%€3.5mwithin the sector's middle half▲ 13.9%€4.8mabove the sector's middle half▲ 36.0%
Total assets€13.0mwithin the sector's middle half▲ 7.6%€14.5mwithin the sector's middle half▲ 12.0%€14.7mwithin the sector's middle half▲ 1.6%€19.8mwithin the sector's middle half▲ 34.5%€18.8mabove the sector's middle half▼ 4.9%
Debt€10.7m▼ 2.4%€11.9m▲ 11.1%€11.6m▼ 2.4%€16.3m▲ 40.0%€14.0m▼ 13.8%
Working capital-€7.7mbelow the sector's middle half▲ 8.2%-€7.8mbelow the sector's middle half▼ 0.5%-€8.2mbelow the sector's middle half▼ 4.7%-€7.7mbelow the sector's middle half▲ 5.7%-€6.9mbelow the sector's middle half▲ 9.7%
Solvency17.3%below the sector's middle half▲ 8.5pp17.9%below the sector's middle half▲ 0.6pp21.1%below the sector's middle half▲ 3.2pp17.9%below the sector's middle half▼ 3.2pp25.5%within the sector's middle half▲ 7.7pp
Current ratio0.18below the sector's middle half▲ 0.080.30below the sector's middle half▲ 0.110.20below the sector's middle half▼ 0.100.46within the sector's middle half▲ 0.260.42within the sector's middle half▼ 0.04
Return on assets (ROA)9.1%above the sector's middle half▲ 2.8pp2.5%within the sector's middle half▼ 6.6pp3.5%within the sector's middle half▲ 1.0pp2.2%within the sector's middle half▼ 1.3pp6.8%within the sector's middle half▲ 4.6pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +196% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.8m
Fixed assets
€13.8m ▲ 4.1%
Current assets
€5.0m ▼ 23.2%
Equity and liabilities €18.8m
Equity
€4.8m ▲ 36.0%
Debt
€14.0m ▼ 13.8%
Debt's share of the balance-sheet total falls from 82.1% to 74.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
26.5%▲
2024 · 12.2%
Debt ≤ 1 year
€11.9m▼
2024 · €14.2m
Debt > 1 year
€2.1m▲
2024 · €2.1m
Income taxes
€81,254▼
2024 · €224,871
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €810 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,236 | €8,291 | €31,740 | €46,551 | €84,370 | ▲ 81.2% |
| Other operating charges640/8 | €1,227 | €470 | €970 | €6,560 | €5,387 | ▼ 17.9% |
| Gross operating margin9900 | €330,289 | €610,826 | €771,132 | €786,825 | €567,191 | ▼ 27.9% |
| Operating profit (loss)9901 | €318,826 | €602,065 | €738,422 | €733,714 | €477,435 | ▼ 34.9% |
| Financial income75/76B | €1.2m | €2 | €4 | €541 | €1.0m | ▲ 188,482% |
| Recurring financial income75 | €1.2m | €2 | €4 | €541 | €1.0m | ▲ 188,482% |
| Financial charges65/66B | €158,039 | €19,144 | €32,102 | €78,447 | €140,985 | ▲ 79.7% |
| Recurring financial charges65 | €158,039 | €19,144 | €32,102 | €78,447 | €140,985 | ▲ 79.7% |
| Profit (loss) for the period before taxes9903 | €1.3m | €582,924 | €706,324 | €655,808 | €1.4m | ▲ 107% |
| Income taxes67/77 | €158,696 | €222,998 | €194,044 | €224,871 | €81,254 | ▼ 63.9% |
| Profit (loss) for the period9904 | €1.2m | €359,926 | €512,280 | €430,937 | €1.3m | ▲ 196% |
| Profit (loss) for the period to be appropriated9905 | €1.2m | €359,926 | €512,280 | €430,937 | €1.3m | ▲ 196% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.0m | €14.5m | €14.7m | €19.8m | €18.8m | ▼ 4.9% |
| Fixed assets21/28 | €11.2m | €11.2m | €12.7m | €13.3m | €13.8m | ▲ 4.1% |
| Intangible fixed assets21 | - | - | - | - | €6,093 | - |
| Tangible fixed assets22/27 | €23,172 | €15,917 | €1.0m | €2.0m | €2.6m | ▲ 26.4% |
| Land and buildings22 | - | - | €995,096 | €2.0m | €2.6m | ▲ 26.4% |
| Furniture and vehicles24 | €23,172 | €15,917 | €9,995 | €6,404 | €7,883 | ▲ 23.1% |
| Financial fixed assets28 | €11.2m | €11.2m | €11.7m | €11.3m | €11.3m | = |
| Current assets29/58 | €1.7m | €3.3m | €2.0m | €6.5m | €5.0m | ▼ 23.2% |
| Amounts receivable after more than one year29 | - | - | €69,500 | €1.4m | €1.7m | ▲ 25.4% |
| Other amounts receivable291 | - | - | €69,500 | €1.4m | €1.7m | ▲ 25.4% |
| Amounts receivable within one year40/41 | €1.5m | €1.9m | €1.3m | €4.6m | €3.2m | ▼ 31.8% |
| Trade receivables40 | €1.4m | €1.8m | €1.3m | €3.1m | €2.6m | ▼ 17.1% |
| Other amounts receivable41 | €68,000 | €119,847 | - | €1.5m | €586,461 | ▼ 61.6% |
| Cash at bank and in hand54/58 | €290,285 | €1.4m | €660,368 | €500,000 | €112,405 | ▼ 77.5% |
| Deferred charges and accrued income490/1 | €1,514 | €3,014 | €1,514 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.0m | €14.5m | €14.7m | €19.8m | €18.8m | ▼ 4.9% |
| Equity10/15 | €2.2m | €2.6m | €3.1m | €3.5m | €4.8m | ▲ 36.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2.0m | €2.4m | €2.9m | €3.3m | €3.3m | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | - | - | - |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €2.0m | €2.4m | €2.9m | €3.3m | €3.3m | = |
| Profit (loss) carried forward14 | €204,752 | €205,677 | €205,957 | €206,394 | €1.5m | ▲ 618% |
| Amounts payable17/49 | €10.7m | €11.9m | €11.6m | €16.3m | €14.0m | ▼ 13.8% |
| Amounts payable after more than one year17 | €1.2m | €863,096 | €1.5m | €2.1m | €2.1m | ▲ 0.6% |
| Financial debts170/4 | €1.2m | €863,096 | €1.5m | €2.1m | €2.1m | ▲ 0.6% |
| Amounts payable within one year42/48 | €9.5m | €11.0m | €10.2m | €14.2m | €11.9m | ▼ 15.9% |
| Current portion of amounts payable after more than one year42 | €386,905 | €386,905 | €422,911 | €461,948 | €266,070 | ▼ 42.4% |
| Financial debts43 | - | - | - | €1.4m | €1.0m | ▼ 29.7% |
| Credit institutions430/8 | - | - | - | €1.4m | €1.0m | ▼ 29.7% |
| Trade debts44 | €1.9m | €3.6m | €3.4m | €6.0m | €5.7m | ▼ 4.8% |
| Suppliers440/4 | €1.9m | €3.6m | €3.4m | €6.0m | €5.7m | ▼ 4.8% |
| Taxes, remuneration and social security45 | €208,482 | €291,000 | €192,803 | €278,405 | €204,605 | ▼ 26.5% |
| Taxes450/3 | €208,482 | €291,000 | €192,803 | €278,405 | €204,605 | ▼ 26.5% |
| Other amounts payable47/48 | €7.0m | €6.8m | €6.1m | €6.0m | €4.8m | ▼ 21.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.2m | €359,926 | €512,280 | €430,937 | €1.3m | ▲ 196% |
| + Depreciation and write-downs630 | €10,236 | €8,291 | €31,740 | €46,551 | €84,370 | ▲ 81.2% |
| Operating cash flow (approximation) | €1.2m | €368,216 | €544,020 | €477,489 | €1.4m | ▲ 185% |
| Investment in fixed assets (approximation) | - | -€51,036 | -€1.5m | -€632,185 | -€627,259 | ▲ 0.8% |
| Change in cash | - | €1.1m | -€695,852 | -€160,368 | -€387,595 | ▼ 142% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €1.3m ▲196%
Net result €1.3m, the highest in the series.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 59 days late
2022
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2mEq €2.2m ▲111%
4 profitable years in a row build equity to €2.2m.
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €1mEq €1.1m ▲249%
3 profitable years in a row build equity to €1.1m.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €64,882 ▼32.3%
Net result drops to €64,882, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 69 days late
2017
17-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 48 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Ukkel · 1 establishment unit since 2000
Ground area
4,731 m²
Building footprint
482 m²
Volume, LiDAR
5,192 m³
Parcel 21614H0007/00T012, Brussels · tallest building 17.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Vronerodelaan 49, 1180 Ukkel
since 20002.093.876.147
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0007/00T012indicative | Brussels | 4,731 m² | 1 · 482 m² | 17.5 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
Owners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
14.06%
According to the 2024 annual accounts of MIEGE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 8,271 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
Founded21-04-2000
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
71112Activities of interior architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0471752768
Also
9925:BE0471752768
Registered
07-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.