Miferouti
ActiveSummary
Miferouti has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.57M and a net result of €221k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 45% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▲+7
Solvency52▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 7.83 against 2.87 in 2024; short-term debt: 0.3% and cash: 2.4% of total assets), but 73.4% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
26.6%
Return on assets
3.8%
Age of the figures
9 mo
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
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
24 d early
2023
55 d early
2022
53 d early
2021
69 d early
2020
82 d early
2019
87 d early
← 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, abbreviated schema
Equity
€1.57M▲ 16.4%
2024 · €1.35M
2018: €788k
2019: €783k▼ -0.7% vs 2018lowest in 8 years
2020: €803k▲ +2.6% vs 2019
2021: €877k▲ +9.2% vs 2020
2022: €967k▲ +10.3% vs 2021
2023: €1.17M▲ +20.7% vs 2022
2024: €1.35M▲ +15.3% vs 2023
2025: €1.57M▲ +16.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€5.88M▼ 4.6%
2024 · €6.17M
2018: €6.74Mhighest in 8 years
2019: €6.36M▼ -5.6% vs 2018
2020: €6.35M▼ -0.2% vs 2019
2021: €6.08M▼ -4.2% vs 2020
2022: €5.87M▼ -3.5% vs 2021lowest in 8 years
2023: €6.62M▲ +12.9% vs 2022
2024: €6.17M▼ -6.8% vs 2023
2025: €5.88M▼ -4.6% vs 2024
2018 → 2025
Net result
€221k▲ 23.8%
2024 · €179k
2018: €-260klowest in 8 years
2019: €-5k▲ +97.9% vs 2018
2020: €20k▲ +482% vs 2019
2021: €74k▲ +261% vs 2020
2022: €91k▲ +23.2% vs 2021
2023: €200k▲ +121% vs 2022
2024: €179k▼ -10.8% vs 2023
2025: €221k▲ +23.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€123k▲ 165%
2024 · €46k
2018: €-8k
2019: €-50k▼ -520% vs 2018lowest in 8 years
2020: €29k▲ +158% vs 2019
2021: €97k▲ +241% vs 2020
2022: €141k▲ +45.0% vs 2021highest in 8 years
2023: €111k▼ -21.2% vs 2022
2024: €46k▼ -58.2% vs 2023
2025: €123k▲ +165% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€877k-€967k▲ 10.3%€1.17M▲ 20.7%€1.35M▲ 15.3%€1.57M▲ 16.4%
2021: €877klowest in 5 years
2022: €967k▲ +10.3% vs 2021
2023: €1.17M▲ +20.7% vs 2022
2024: €1.35M▲ +15.3% vs 2023
2025: €1.57M▲ +16.4% vs 2024highest in 5 years
Operating result€395k-€392k▼ 0.6%€552k▲ 40.6%€552k=€549k▼ 0.4%
2021: €395k
2022: €392k▼ -0.6% vs 2021lowest in 5 years
2023: €552k▲ +40.6% vs 2022highest in 5 years
2024: €552k● -0.0% vs 2023
2025: €549k▼ -0.4% vs 2024
Net result€74k-€91k▲ 23.2%€200k▲ 121%€179k▼ 10.8%€221k▲ 23.8%
2021: €74klowest in 5 years
2022: €91k▲ +23.2% vs 2021
2023: €200k▲ +121% vs 2022
2024: €179k▼ -10.8% vs 2023
2025: €221k▲ +23.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 0% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.88M
Fixed assets
€5.74M ▼ 5.8%
Current assets
€141k ▲ 98.0%
Equity and liabilities €5.88M
Equity
€1.57M ▲ 16.4%
Debt
€4.32M ▼ 10.5%
Debt's share of the balance-sheet total falls from 78.2% to 73.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€955k=
2024 · €955k
Cash flow
€627k▲
2024 · €582k
Current ratio
7.83▲
2024 · 2.87
Debt to equity
2.76▼
2024 · 3.58
ROE
14.1%▲
2024 · 13.3%
ROA
3.8%▲
2024 · 2.9%
Interest coverage
3.75▲
2024 · 3.05
Debt ≤ 1 year
€18k▼
2024 · €25k
Debt > 1 year
€4.30M▼
2024 · €4.80M
Income taxes
€74k▲
2024 · €60k
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€6.17M€5.88M▼
Fixed assets21/28€6.10M€5.74M▼
Tangible fixed assets22/27€6.10M€5.74M▼
Land and buildings22€6.10M€5.74M▼
Current assets29/58€71k€141k▲
Amounts receivable within one year40/41€10k€2k▼
Other amounts receivable41€10k€2k▼
Cash at bank and in hand54/58€61k€139k▲
Equity and liabilities
Total equity and liabilities10/49€6.17M€5.88M▼
Equity10/15€1.35M€1.57M▲
Contributions10/11€855k€855k=
Reserves13€491k€712k▲
Non-distributable reserves130/1€86k€86k=
Other1319€86k€86k=
Distributable reserves133€405k€626k▲
Amounts payable17/49€4.82M€4.32M▼
Amounts payable after more than one year17€4.80M€4.30M▼
Other amounts payable178/9€4.80M€4.30M▼
Amounts payable within one year42/48€25k€18k▼
Trade debts44€25k€18k▼
Suppliers440/4€25k€18k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€404k€406k▲
Other operating charges640/8€37k€38k▲
Gross operating margin9900€992k€993k▲
Operating profit (loss)9901€552k€549k▼
Financial charges65/66B€314k€255k▼
Recurring financial charges65€314k€255k▼
Profit (loss) for the period before taxes9903€238k€295k▲
Income taxes67/77€60k€74k▲
Profit (loss) for the period9904€179k€221k▲
Profit (loss) for the period to be appropriated9905€179k€221k▲
Appropriation of the result
Profit (loss) to be appropriated9906€179k€221k▲
Transfer to equity691/2€179k€221k▲
To other reserves6921€179k€221k▲
The notes to these accounts (7 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €320k | €323k | €402k | €404k | €406k | ▲ 0.6% |
| Other operating charges640/8 | €30k | €30k | €33k | €37k | €38k | ▲ 2.8% |
| Gross operating margin9900 | €744k | €746k | €987k | €992k | €993k | ▲ 0.1% |
| Operating profit (loss)9901 | €395k | €392k | €552k | €552k | €549k | ▼ 0.4% |
| Financial charges65/66B | €321k | €302k | €311k | €314k | €255k | ▼ 18.8% |
| Recurring financial charges65 | €321k | €302k | €311k | €314k | €255k | ▼ 18.8% |
| Profit (loss) for the period before taxes9903 | €74k | €91k | €241k | €238k | €295k | ▲ 23.8% |
| Income taxes67/77 | - | - | €41k | €60k | €74k | ▲ 23.8% |
| Profit (loss) for the period9904 | €74k | €91k | €200k | €179k | €221k | ▲ 23.8% |
| Profit (loss) for the period to be appropriated9905 | €74k | €91k | €200k | €179k | €221k | ▲ 23.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.08M | €5.87M | €6.62M | €6.17M | €5.88M | ▼ 4.6% |
| Fixed assets21/28 | €5.93M | €5.68M | €6.46M | €6.10M | €5.74M | ▼ 5.8% |
| Tangible fixed assets22/27 | €5.93M | €5.68M | €6.46M | €6.10M | €5.74M | ▼ 5.8% |
| Land and buildings22 | €5.93M | €5.68M | €6.46M | €6.10M | €5.74M | ▼ 5.8% |
| Current assets29/58 | €150k | €190k | €165k | €71k | €141k | ▲ 98.0% |
| Amounts receivable within one year40/41 | €116 | €2 | €10k | €10k | €2k | ▼ 81.5% |
| Other amounts receivable41 | €116 | €2 | €10k | €10k | €2k | ▼ 81.5% |
| Cash at bank and in hand54/58 | €150k | €190k | €156k | €61k | €139k | ▲ 127% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.08M | €5.87M | €6.62M | €6.17M | €5.88M | ▼ 4.6% |
| Equity10/15 | €877k | €967k | €1.17M | €1.35M | €1.57M | ▲ 16.4% |
| Contributions10/11 | €855k | €855k | €855k | €855k | €855k | = |
| Reserves13 | €193k | €193k | €312k | €491k | €712k | ▲ 45.0% |
| Non-distributable reserves130/1 | €86k | €86k | €86k | €86k | €86k | = |
| Other1319 | €86k | €86k | €86k | €86k | €86k | = |
| Distributable reserves133 | €107k | €107k | €227k | €405k | €626k | ▲ 54.5% |
| Profit (loss) carried forward14 | €-171k | €-80k | - | - | - | - |
| Amounts payable17/49 | €5.20M | €4.90M | €5.45M | €4.82M | €4.32M | ▼ 10.5% |
| Amounts payable after more than one year17 | €5.15M | €4.85M | €5.40M | €4.80M | €4.30M | ▼ 10.4% |
| Other amounts payable178/9 | €5.15M | €4.85M | €5.40M | €4.80M | €4.30M | ▼ 10.4% |
| Amounts payable within one year42/48 | €53k | €49k | €54k | €25k | €18k | ▼ 27.5% |
| Trade debts44 | €53k | €49k | €54k | €25k | €18k | ▼ 27.5% |
| Suppliers440/4 | €53k | €49k | €54k | €25k | €18k | ▼ 27.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €74k | €91k | €200k | €179k | €221k | ▲ 23.8% |
| + Depreciation and write-downs630 | €320k | €323k | €402k | €404k | €406k | ▲ 0.6% |
| Operating cash flow (approximation) | €393k | €414k | €602k | €582k | €627k | ▲ 7.7% |
| Investment in fixed assets (approximation) | - | €-70k | €-1.18M | €-47k | €-50k | ▼ 6.7% |
| Change in cash | - | €40k | €-34k | €-94k | €78k | ▲ 183% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €221k ▲23.8%
Net result €221k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 7.83
Current ratio from 2.87 to 7.83; short-term debt falls from €25k to €18k.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.17M ▲20.7%
4 profitable years in a row build equity to €1.17M.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.85
Current ratio from 1.41 to 2.85; short-term debt falls from €69k to €53k.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.41
Current ratio from 0.36 to 1.41; short-term debt falls from €77k to €69k.
Show earlier events
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
12-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Roeselare
Ground area
305 m²
Building footprint
303 m²
Volume, LiDAR
3,231 m³
Parcel 36502B0887/00L002, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0887/00L002 | Flanders | 304 m² | 1 · 303 m² | 14.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,838 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
Founded09-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.