MIFIMO
ActiveThe file of MIFIMO contains 2 judicial reorganisation notices and 2 administrative flags, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 21.2% (high). The 2025 annual accounts show equity of €758k and a net result of €563k. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 80% of 4556 sector peers (fiscal year 2025).
Checked score
Score 2025
44
/ 100
Weak
A high bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+70
Solvency100▲+59
Growth78▲+26
Track record44
Bankruptcy probability, 12 months
21.2%
High
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days only on tighter terms
Liquidity ample (current ratio 1.87 against 0.88 in 2024; short-term debt: 19.9% and cash: 3.7% of total assets), and 20% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
80%
Return on assets
59.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
110 d late
2023
117 d late
2022
61 d late
2021
114 d late
2020
136 d late
2019
31 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-compliance×2
Checked, nothing found (1)
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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€563k
2024 · €-36k
2018: €-17k
2019: €66k▲ +484% vs 2018
2020: €73k▲ +9.4% vs 2019
2021: €25k▼ -66.1% vs 2020
2022: €172k▲ +598% vs 2021
2023: €-300k▼ -275% vs 2022lowest in 8 years
2024: €-36k▲ +88.0% vs 2023
2025: €563k▲ +1658% vs 2024highest in 8 years
2018 → 2025
Working capital
€163k
2024 · €-58k
2018: €106k
2019: €239k▲ +125% vs 2018
2020: €-122k▼ -151% vs 2019lowest in 8 years
2021: €-11k▲ +91.2% vs 2020
2022: €305k▲ +2934% vs 2021highest in 8 years
2023: €138k▼ -54.7% vs 2022
2024: €-58k▼ -142% vs 2023
2025: €163k▲ +382% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€264k-€521k▲ 97.7%€220k▼ 57.9%€185k▼ 15.9%€758k▲ 310%
2021: €264k
2022: €521k▲ +97.7% vs 2021
2023: €220k▼ -57.9% vs 2022
2024: €185k▼ -15.9% vs 2023lowest in 5 years
2025: €758k▲ +310% vs 2024highest in 5 years
Operating result€89k-€263k▲ 196%€-217k€20k€631k▲ 3,134%
2021: €89k
2022: €263k▲ +196% vs 2021
2023: €-217k▼ -182% vs 2022lowest in 5 years
2024: €20k▲ +109% vs 2023
2025: €631k▲ +3134% vs 2024highest in 5 years
Net result€25k-€172k▲ 598%€-300k€-36k▲ 88.0%€563k
2021: €25k
2022: €172k▲ +598% vs 2021
2023: €-300k▼ -275% vs 2022lowest in 5 years
2024: €-36k▲ +88.0% vs 2023
2025: €563k▲ +1658% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 3,134% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €947k
Fixed assets
€596k ▼ 19.5%
Current assets
€351k ▼ 21.1%
Equity and liabilities €947k
Equity
€758k ▲ 310%
Debt
€189k ▼ 81.1%
Debt's share of the balance-sheet total falls from 84.4% to 20.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€688k
Cash flow
€619k
Current ratio
1.87▲
2024 · 0.88
Quick ratio
1.86▲
2024 · 0.76
Debt to equity
0.25▼
2024 · 5.41
ROE
74.3%▲
2024 · -19.5%
ROA
59.4%▲
2024 · -3.0%
Interest coverage
8.92
Debt ≤ 1 year
€188k▼
2024 · €503k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.18M€947k▼
Fixed assets21/28€740k€596k▼
Tangible fixed assets22/27€740k€596k▼
Land and buildings22€737k€596k▼
Furniture and vehicles24€3k-
Current assets29/58€445k€351k▼
Amounts receivable after more than one year29€63k€63k=
Other amounts receivable291€63k€63k=
Stocks and contracts in progress3€65k€2k▼
Stocks30/36€65k€2k▼
Amounts receivable within one year40/41€315k€249k▼
Trade receivables40€168k€100k▼
Other amounts receivable41€146k€149k▲
Cash at bank and in hand54/58€3k€35k▲
Deferred charges and accrued income490/1€20€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.18M€947k▼
Equity10/15€185k€758k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€92k€750k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132-€657k
Distributable reserves133€86k€86k=
Profit (loss) carried forward14€31k€-54k▼
Amounts payable17/49€1,000k€189k▼
Amounts payable after more than one year17€497k-
Financial debts170/4€497k-
Amounts payable within one year42/48€503k€188k▼
Current portion of amounts payable after more than one year42€148k-
Trade debts44€302k€181k▼
Suppliers440/4€302k€181k▼
Advances received on contracts in progress46€600€3k▲
Taxes, remuneration and social security45€30k-
Taxes450/3€24k-
Remuneration and social security454/9€5k-
Other amounts payable47/48€22k€4k▼
Accrued charges and deferred income492/3€14€1k▲
Income statement
Code20242025
Remuneration, social security and pensions62€61-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€57k
Other operating charges640/8€70k€34k▼
Non-recurring operating charges66A€12k-
Gross operating margin9900€101k€722k▲
Operating profit (loss)9901€20k€631k▲
Financial income75/76B-€9k
Recurring financial income75-€9k
Financial charges65/66B€56k€77k▲
Recurring financial charges65€56k€77k▲
Profit (loss) for the period before taxes9903€-36k€563k▲
Profit (loss) for the period9904€-36k€563k▲
Transfer to tax-exempt reserves689-€657k
Profit (loss) for the period to be appropriated9905€-36k€-95k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€-54k▼
Profit (loss) brought forward from the previous period14P€67k€41k▼
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €61 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €134k | €127k | €70k | - | €57k | - |
| Other operating charges640/8 | €14k | €37k | €296k | €70k | €34k | ▼ 50.7% |
| Non-recurring operating charges66A | - | - | - | €12k | - | - |
| Gross operating margin9900 | €237k | €427k | €150k | €101k | €722k | ▲ 612% |
| Operating profit (loss)9901 | €89k | €263k | €-217k | €20k | €631k | ▲ 3,134% |
| Financial income75/76B | €430 | €4k | €7k | - | €9k | - |
| Recurring financial income75 | €430 | €4k | €7k | - | €9k | - |
| Financial charges65/66B | €41k | €29k | €29k | €56k | €77k | ▲ 38.6% |
| Recurring financial charges65 | €39k | €29k | €29k | €56k | €77k | ▲ 38.6% |
| Non-recurring financial charges66B | €1k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €49k | €238k | €-238k | €-36k | €563k | ▲ 1,658% |
| Income taxes67/77 | €24k | €66k | €62k | - | - | - |
| Profit (loss) for the period9904 | €25k | €172k | €-300k | €-36k | €563k | ▲ 1,658% |
| Transfer from tax-exempt reserves789 | - | - | €89k | - | - | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €657k | - |
| Profit (loss) for the period to be appropriated9905 | €25k | €172k | €-212k | €-36k | €-95k | ▼ 162% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.53M | €1.74M | €1.43M | €1.18M | €947k | ▼ 20.1% |
| Fixed assets21/28 | €1.22M | €1.04M | €795k | €740k | €596k | ▼ 19.5% |
| Tangible fixed assets22/27 | €1.22M | €1.04M | €795k | €740k | €596k | ▼ 19.5% |
| Land and buildings22 | €1.21M | €1.04M | €792k | €737k | €596k | ▼ 19.2% |
| Furniture and vehicles24 | €8k | €5k | €3k | €3k | - | - |
| Current assets29/58 | €1.31M | €697k | €632k | €445k | €351k | ▼ 21.1% |
| Amounts receivable after more than one year29 | €89k | €63k | €63k | €63k | €63k | = |
| Other amounts receivable291 | €89k | €63k | €63k | €63k | €63k | = |
| Stocks and contracts in progress3 | €748k | €410k | €247k | €65k | €2k | ▼ 97.5% |
| Stocks30/36 | €748k | €410k | €247k | €65k | €2k | ▼ 97.5% |
| Amounts receivable within one year40/41 | €462k | €213k | €318k | €315k | €249k | ▼ 21.0% |
| Trade receivables40 | €353k | €60k | €117k | €168k | €100k | ▼ 40.6% |
| Other amounts receivable41 | €109k | €153k | €200k | €146k | €149k | ▲ 1.6% |
| Cash at bank and in hand54/58 | €10k | €4k | - | €3k | €35k | ▲ 1,093% |
| Deferred charges and accrued income490/1 | €4k | €8k | €5k | €20 | €3k | ▲ 17,291% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.53M | €1.74M | €1.43M | €1.18M | €947k | ▼ 20.1% |
| Equity10/15 | €264k | €521k | €220k | €185k | €758k | ▲ 310% |
| Contributions10/11 | €62k | €62k | €61k | €62k | €62k | = |
| Capital10 | €62k | €62k | €61k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €61k | €62k | €62k | = |
| Revaluation surpluses12 | €89k | €89k | - | - | - | - |
| Reserves13 | €6k | €92k | €92k | €92k | €750k | ▲ 713% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Tax-exempt reserves132 | - | - | - | - | €657k | - |
| Distributable reserves133 | - | €86k | €86k | €86k | €86k | = |
| Profit (loss) carried forward14 | €107k | €278k | €67k | €31k | €-54k | ▼ 275% |
| Amounts payable17/49 | €2.27M | €1.22M | €1.21M | €1,000k | €189k | ▼ 81.1% |
| Amounts payable after more than one year17 | €942k | €826k | €713k | €497k | - | - |
| Financial debts170/4 | €942k | €826k | €713k | €497k | - | - |
| Amounts payable within one year42/48 | €1.32M | €392k | €494k | €503k | €188k | ▼ 62.6% |
| Current portion of amounts payable after more than one year42 | €111k | €123k | €123k | €148k | - | - |
| Financial debts43 | €645k | €114 | €1k | - | - | - |
| Other loans439 | €645k | €114 | €1k | - | - | - |
| Trade debts44 | €417k | €97k | €148k | €302k | €181k | ▼ 40.1% |
| Suppliers440/4 | €417k | €97k | €148k | €302k | €181k | ▼ 40.1% |
| Advances received on contracts in progress46 | €600 | €3k | €600 | €600 | €3k | ▲ 333% |
| Taxes, remuneration and social security45 | €65k | €116k | €165k | €30k | - | - |
| Taxes450/3 | €60k | €108k | €156k | €24k | - | - |
| Remuneration and social security454/9 | €5k | €9k | €9k | €5k | - | - |
| Other amounts payable47/48 | €85k | €53k | €56k | €22k | €4k | ▼ 80.2% |
| Accrued charges and deferred income492/3 | - | €220 | €152 | €14 | €1k | ▲ 8,171% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €172k | €-300k | €-36k | €563k | ▲ 1,658% |
| + Depreciation and write-downs630 | €134k | €127k | €70k | - | €57k | - |
| Operating cash flow (approximation) | €159k | €299k | €-230k | €-36k | €619k | ▲ 1,814% |
| Investment in fixed assets (approximation) | - | €46k | €178k | €55k | €87k | ▲ 59.6% |
| Change in cash | - | €-7k | - | - | €32k | - |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 28 days late
2025
31-12
Financial
Back to profitnet €563k
Net result €563k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.87
Current ratio from 0.88 to 1.87; short-term debt falls from €503k to €188k.
31-12
Financial
Equity above €500kEq €758k ▲310%
Equity rises from €185k to €758k.
08-12
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise du Hainaut · event 17-11-2025
05-12
KBO administration
UBO non-compliance
event 22-11-2025
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 110 days late
31-07
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collective agreement · event 22-07-2025
2024
25-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 117 days late
2023
31-12
Financial
Weakest financial yearnet €-300k
Net result drops to €-300k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 61 days late
2022
31-12
Financial
Equity above €500kEq €521k ▲97.7%
4 profitable years in a row build equity to €521k.
Show earlier events
22-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 114 days late
2021
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 136 days late
2020
31-12
Financial
Equity above €200kEq €239k ▲43.6%
2 profitable years in a row build equity to €239k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
31-12
Financial
Equity above €150kEq €167k ▲1,369%
Equity rises from €11k to €167k.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Quiévrain · 1 establishment unit since 1996
Ground area
210 m²
Building footprint
45 m²
Volume, LiDAR
376 m³
Parcel 53068A1429/00D000, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MIFIMO
since 19962.078.256.771
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53068A1429/00D000 | Wallonia | 210 m² | 1 · 45 m² | 10.6 m · 3 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 9,143 companies in sector 68201 we hold annual accounts for 6,764. 4,950 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-06-1996
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
43212Electrical installation work in industrial facilities
43310Plastering work
43320Joinery installation
43341Painting of buildings
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.