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MIFTAH OPTIC

Active
Private limited companyfounded 20206 yrs activeJoseph Kelchtermansstraat 4, 1070 Anderlecht, BelgiumKBO/BCE: BE 0753.638.629
Summary

The computed 12-month bankruptcy probability of MIFTAH OPTIC is 6.0% (elevated). The 2024 annual accounts show negative equity (-€10,326) and a net result of -€10,326. Equity is shrinking by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 15% of 26049 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability0
Solvency0▼-100
Growth32▼-23
Track record100
Bankruptcy probability, 12 months
6.0% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5; short-term debt: 125.4% and cash: 54.6% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-25.4%
Return on assets
-25.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€10,326
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
31 d late
2022
43 d late
2021
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 33 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MIFTAH OPTIC was incorporated on 3 September 2020 as a Private limited company.1 Total assets rose from EUR 14,402 in 2021 to EUR 40,657 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€10,326
2023 · €14,402
Total assets
€40,657▲ 182%
2023 · €14,402
Net result
-€10,326▼ 1,627%
2021 · -€598
Working capital
-€25,524
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2021202220232024
Operating result-€1,050--€10,326
Net result-€598within the sector's middle half--€10,326below the sector's middle half
Equity€14,402within the sector's middle half-€14,402within the sector's middle half=€14,402within the sector's middle half=-€10,326below the sector's middle half
Total assets€14,402below the sector's middle half-€14,402below the sector's middle half=€14,402below the sector's middle half=€40,657below the sector's middle half▲ 182%
Debt€50,983
Working capital-€25,524below the sector's middle half
Solvency100.0%above the sector's middle half-100.0%above the sector's middle half=100.0%above the sector's middle half=-25.4%below the sector's middle half▼ 125.4pp
Current ratio0.50below the sector's middle half
Return on assets (ROA)-4.2%below the sector's middle half--25.4%below the sector's middle half
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€1,050-€1,050Net result 2021: -€598-€598Operating result 2024: -€10,326-€10,326Net result 2024: -€10,326-€10,3262021202220232024-€15,000-€10,000-€5,000€0Operating result 2024: -€10,326-€10,300Net result 2024: -€10,326-€10,300202220232024
The operating result is -€10,326 in 2024, compared with -€1,050 in 2021. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
Assets €40,657
Fixed assets €15,197
Current assets €25,460
Key figures and ratios
2024 value · change against 2023
EBITDA
-€6,125
Cash flow
-€6,125
Debt to equity
-4.94
Debt ≤ 1 year
€50,983

Peer companies

Historical observation

Of the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.3% went bankrupt
8.2% stopped otherwise
82% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 6.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,038 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 25 lines
Balance sheet Code20232024
Assets
Total assets20/58€14,402€40,657▲
Fixed assets21/28-€15,197
Tangible fixed assets22/27-€15,197
Plant, machinery and equipment23-€13,590
Furniture and vehicles24-€1,608
Current assets29/58€14,402€25,460▲
Amounts receivable within one year40/41€14,402€3,264▼
Trade receivables40-€3,112
Other amounts receivable41€14,402€152▼
Cash at bank and in hand54/58-€22,196
Equity and liabilities
Total equity and liabilities10/49€14,402€40,657▲
Equity10/15€14,402-€10,326▼
Contributions10/11€15,000-
Profit (loss) carried forward14-€598-€10,326▼
Amounts payable17/49-€50,983
Amounts payable within one year42/48-€50,983
Other amounts payable47/48-€50,983
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4,201
Gross operating margin9900--€6,125
Operating profit (loss)9901--€10,326
Profit (loss) for the period before taxes9903--€10,326
Profit (loss) for the period9904--€10,326
Profit (loss) for the period to be appropriated9905--€10,326
Appropriation of the result
Profit (loss) to be appropriated9906-€598-€10,326▼
Profit (loss) brought forward from the previous period14P-€598-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,050--€4,201-
Gross operating margin9900----€6,125-
Operating profit (loss)9901-€1,050---€10,326-
Financial income75/76B€452----
Recurring financial income75€452----
Profit (loss) for the period before taxes9903-€598---€10,326-
Profit (loss) for the period9904-€598---€10,326-
Profit (loss) for the period to be appropriated9905-€598---€10,326-
Line2021202220232024Change
Assets
Total assets20/58€14,402€14,402€14,402€40,657▲ 182%
Fixed assets21/28---€15,197-
Tangible fixed assets22/27---€15,197-
Plant, machinery and equipment23---€13,590-
Furniture and vehicles24---€1,608-
Current assets29/58€14,402€14,402€14,402€25,460▲ 76.8%
Amounts receivable within one year40/41€14,402€14,402€14,402€3,264▼ 77.3%
Trade receivables40---€3,112-
Other amounts receivable41€14,402€14,402€14,402€152▼ 98.9%
Cash at bank and in hand54/58---€22,196-
Equity and liabilities
Total equity and liabilities10/49€14,402€14,402€14,402€40,657▲ 182%
Equity10/15€14,402€14,402€14,402-€10,326▼ 172%
Contributions10/11€15,000€15,000€15,000--
Profit (loss) carried forward14-€598-€598-€598-€10,326▼ 1,627%
Amounts payable17/49---€50,983-
Amounts payable within one year42/48---€50,983-
Other amounts payable47/48---€50,983-
Line2021202220232024Change
Profit (loss) for the period9904-€598---€10,326-
+ Depreciation and write-downs630€1,050--€4,201-
Operating cash flow (approximation)€452---€6,125-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
12-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
NBB filing
0 of 4 acts read
About the unread acts

We know of 4 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
4 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, Anderlecht · 1 establishment unit since 2025
seat establishment The establishment unit on the map
Ground area
1,033 m²
Building footprint
1,027 m²
Volume, LiDAR
20,004 m³
2 parcels, Brussels · tallest building 33.4 m, ±8 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
OPTICIANS & Co
Louizalaan 193/197, 1050 ElseneRetail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
since 20252.370.218.952
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0120/00F005 Brussels 973 m² 1 · 968 m² 33.4 m · 8 fl.
21302A0052/00A017 Brussels 60 m² 1 · 59 m² 13.8 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.

Similar companies · same sector, comparable size

Of 1,733 companies in sector 47742 we hold annual accounts for 1,139. 593 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
Founded03-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
E-invoicing
Reachable via Peppol
Peppol ID 0208:0753638629
Also 9925:BE0753638629
Registered 22-06-2026

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.