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MIH

Active
Private limited companyfounded 1999active for 27 yearsEerste Poolse Pantserdivisiest. 9, 9880 Aalter, BelgiumKBO/BCE: BE 0466.715.401
Summary

The computed 12-month bankruptcy probability of MIH is 2.0% (moderate). The 2025 annual accounts show equity of €145,820 and a net result of -€45,735. Equity has been growing by about 8.6% per year since 2019. Its solvency ranks better than 18% of 1,687 sector peers (NACE 33, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Overview

Official details

Source: KBO
Status
Active since 19-08-1999 Normal situation
Activity
Repair and maintenance of machinery NACE 33120and 1 other
Establishment unit
2.100.645.757 9880 Aalter, since 04-02-2000
Financial year end
30 September
Peppol
Reachable since 03-01-2026

Board and ownership

Board

Financial position

51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.0%
Annual accounts to 30-09-2025
Gross margin
€4,171
▼ 88.6%
Turnover
≈ €32,000
estimated
Loss
€45,735
▲ 950%
Equity
€145,820
▼ 23.9%
Total assets
€1.0m
▲ 141%
  • 2025 accounts filed 12 days after the deadline
Score breakdownraises riskLiquidity: current ratio 0.08, cash €300, halved1 change of registered office in 24 monthsSector: Repair, maintenance and installation of machinery and equipment (NACE 33)lowers riskSize: total assets €1.0mShow the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 13% of micro companies in repair and installation of machinery (NACE 33)
Financial strength · tick: 2024
Weak
Solvency 39-31
equity 14.1% of total assets
Liquidity 7-26
short-term debt 79.5% · cash 0.0%
Profitability 14-25
return on assets -4.4%
Bankruptcy probability within 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (2,394 companies, NACE 33, micro)
Last 24 months 12-2024: 0.7% 01-2025: 0.7%● unchanged vs 12-2024 02-2025: 0.7%● unchanged vs 01-2025 03-2025: 0.7%● unchanged vs 02-2025 04-2025: 0.8%▲ +0.1 percentage points vs 03-2025 05-2025: 1.2%▲ +0.4 percentage points vs 04-2025 06-2025: 0.7%▼ -0.5 percentage points vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.7%● unchanged vs 07-2025 09-2025: 0.7%● unchanged vs 08-2025 10-2025: 0.7%● unchanged vs 09-2025lowest value 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.7%● unchanged vs 12-2025 02-2026: 1.8%▲ +1.1 percentage points vs 01-2026 03-2026: 1.8%● unchanged vs 02-2026 04-2026: 1.8%● unchanged vs 03-2026 05-2026: 2.3%▲ +0.5 percentage points vs 04-2026highest value 06-2026: 2.0%▼ -0.3 percentage points vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 2.0%● unchanged vs 07-2026 09-2026: 2.0%● unchanged vs 08-2026 10-2026: 2.0%● unchanged vs 09-2026 11-2026: 2.0%● unchanged vs 10-2026
Credit of up to €7,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.08 (0.49 in 2024), below 1. Short-term debt is 79.5% and cash 0% of total assets. 85.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 33, micro). It does better than 19% of them on solvency, 5% on liquidity, 12% on profitability and 16% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 0.08, cash €300, halved
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €1.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
19202122232425
2019 to 2025 · latest year -€45,735
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1687 sector peers (2025).
NBB · sector comparison
Position among 1687 sector peers
Solvency
better than 18%
← weakest strongest →
raises risk · 2025 accounts filed 12 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-05-2026, 12 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
12 days late
2024
2 days early
2023
1 day early
2022
82 days late
2021
33 days early
2020
56 days early
2019
64 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end04-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, micro format

2025 annual accounts filed 12 days after the deadline Filed on 12 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00109381.

Annual accounts 2025 filed on 12-05-2026 PDF all 26 filings

Turnover
€208,863▼ 48.3%
2019 · €404,378
EBIT margin
11.5%▲ 9.0pp
2019 · 2.5%
Net result
-€45,735▼ 950%
2024 · -€4,356
Working capital
-€759,323▼ 790%
2024 · -€85,310
Multi-year overview
2019 to 2025, 7 financial years
Turnover
no figure
2025
20192025
Operating result
-€34,895
2025
20192025
Net result
-€45,735
▼ 950% 2025
lowest quarter of the sector
20192025
EBIT margin
no figure
2025
20192025
Equity
€145,820
▼ 23.9% 2025
highest quarter of the sector
20192025
Total assets
€1.0m
▲ 141% 2025
highest quarter of the sector
20192025
Debt
€888,738
▲ 273% 2025
20192025
Working capital
-€759,323
▼ 790% 2025
lowest quarter of the sector
20192025
Solvency
14.1%
▼ 30.5pp 2025
lowest quarter of the sector
20192025
Current ratio
0.08
▼ 0.41 2025
lowest quarter of the sector
20192025
Return on assets (ROA)
-4.4%
▼ 3.4pp 2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€0.4m-€0.2m▼ 48.3%
Operating result€0.01m-€0.02m▲ 136%€411▼ 98.3%-€0.03m€0.03m€0.008m▼ 75.5%-€0.03m
Net result€0.005m-€0.02mwithin the sector's middle half▲ 353%€100below the sector's middle half▼ 99.6%€0.03mwithin the sector's middle half▲ 335×€0.02mwithin the sector's middle half▼ 53.4%-€0.004mbelow the sector's middle half-€0.05mbelow the sector's middle half▼ 950%
EBIT margin2.5%-11.5%▲ 9.0pp
Equity€0.1m-€0.1mwithin the sector's middle half▲ 18.5%€0.1mwithin the sector's middle half▲ 0.1%€0.2mabove the sector's middle half▲ 22.8%€0.2mabove the sector's middle half▲ 8.6%€0.2mabove the sector's middle half▼ 2.2%€0.1mabove the sector's middle half▼ 23.9%
Total assets€0.5m-€0.5mwithin the sector's middle half▲ 7.8%€0.5mwithin the sector's middle half▼ 8.1%€0.4mabove the sector's middle half▼ 11.9%€0.4mabove the sector's middle half▼ 1.2%€0.4mabove the sector's middle half▲ 3.2%€1.0mabove the sector's middle half▲ 141%
Debt€0.4m-€0.4m▲ 4.2%€0.3m▼ 11.3%€0.2m▼ 27.2%€0.2m▼ 8.6%€0.2m▲ 8.0%€0.9m▲ 273%
Working capital€0.004m-€0.07mwithin the sector's middle half▲ 17×-€0.04mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 278%-€0.1mbelow the sector's middle half▲ 25.2%-€0.09mbelow the sector's middle half▲ 23.7%-€0.8mbelow the sector's middle half▼ 790%
Solvency25.7%-28.2%within the sector's middle half▲ 2.5pp30.7%within the sector's middle half▲ 2.5pp42.8%within the sector's middle half▲ 12.1pp47.0%within the sector's middle half▲ 4.3pp44.6%within the sector's middle half▼ 2.5pp14.1%below the sector's middle half▼ 30.5pp
Current ratio1.04-2.07within the sector's middle half▲ 1.030.44below the sector's middle half▼ 1.630.16below the sector's middle half▼ 0.280.27below the sector's middle half▲ 0.120.49below the sector's middle half▲ 0.220.08below the sector's middle half▼ 0.41
Return on assets (ROA)1.0%-4.4%within the sector's middle half▲ 3.4pp0.0%below the sector's middle half▼ 4.4pp7.9%within the sector's middle half▲ 7.9pp3.7%within the sector's middle half▼ 4.2pp-1.0%below the sector's middle half▼ 4.8pp-4.4%below the sector's middle half▼ 3.4pp
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 2025 is a loss of €34,895, after a profit of €7,774 in 2024. It is the lowest result since 2021.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets €970,971 ▲ 179%
Current assets €63,586 ▼ 22.0%
Equity and liabilities €1.0m
Equity €145,820 ▼ 23.9%
Debt €888,738 ▲ 273%
Debt's share of the balance-sheet total rises from 55.4% to 85.9%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€897▼
2024 · €30,288
Cash flow
-€9,942▼
2024 · €18,158
Debt to equity
6.09▲
2024 · 1.24
ROE
-31.4%▼
2024 · -2.3%
Interest coverage
0.06▼
2024 · 2.56
Debt ≤ 1 year
€822,909▲
2024 · €166,828
Debt > 1 year
€41,972▼
2024 · €47,497
Income taxes
€224▼
2024 · €318
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item30-09-202230-09-202330-09-202430-09-2025
Tangible fixed assets€2,358€18,897-€664,014
Depreciation and write-downs of the year€43,970€22,715€22,514€35,793

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet Code20242025
Assets
Total assets20/58€0.4m€1.0m▲
Fixed assets21/28€0.3m€1.0m▲
Tangible fixed assets22/27€0.3m€1.0m▲
Land and buildings22€0.3m€1.0m▲
Furniture and vehicles24€0.03m€0.007m▼
Current assets29/58€0.08m€0.06m▼
Amounts receivable within one year40/41€0.08m€0.04m▼
Trade receivables40€0.04m€0.004m▼
Other amounts receivable41€0.04m€0.04m▲
Cash at bank and in hand54/58€0.004m€300▼
Deferred charges and accrued income490/1€0.002m€0.02m▲
Equity and liabilities
Total equity and liabilities10/49€0.4m€1.0m▲
Equity10/15€0.2m€0.1m▼
Contributions10/11€0.006m€0.006m=
Reserves13€0.002m€0.002m=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€0.002m€0.002m=
Profit (loss) carried forward14€0.2m€0.1m▼
Amounts payable17/49€0.2m€0.9m▲
Amounts payable after more than one year17€0.05m€0.04m▼
Financial debts170/4€0.05m€0.04m▼
Amounts payable within one year42/48€0.2m€0.8m▲
Current portion of amounts payable after more than one year42€0.005m€0.6m▲
Financial debts43€0.007m€0.007m=
Other loans439€0.007m€0.007m=
Trade debts44€0.004m€0.05m▲
Suppliers440/4€0.004m€0.05m▲
Taxes, remuneration and social security45€106€0.007m▲
Taxes450/3€106€0.007m▲
Other amounts payable47/48€0.2m€0.2m▲
Accrued charges and deferred income492/3€0.02m€0.02m=
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.02m€0.04m▲
Other operating charges640/8€0.004m€0.003m▼
Non-recurring operating charges66A€0.002m€0▼
Gross operating margin9900€0.04m€0.004m▼
Operating profit (loss)9901€0.008m-€0.03m▼
Financial income75/76B€0€0.004m▲
Recurring financial income75€0€0.004m▲
Financial charges65/66B€0.01m€0.01m▲
Recurring financial charges65€0.01m€0.01m▲
Profit (loss) for the period before taxes9903-€0.004m-€0.05m▼
Income taxes67/77€318€224▼
Profit (loss) for the period9904-€0.004m-€0.05m▼
Profit (loss) for the period to be appropriated9905-€0.004m-€0.05m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.1m▼
Profit (loss) brought forward from the previous period14P€0.2m€0.2m▼

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 12-05-2026.

Line2019202020212022202320242025Change
Turnover70€404,378€208,863------
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34,749€15,134€23,223€43,970€22,715€22,514€35,793▲ 59.0%
Other operating charges640/8---€1,979€2,172€4,291€3,274▼ 23.7%
Non-recurring operating charges66A---€4,032€0€1,895€0▼ 100%
Gross operating margin9900€46,395€40,615€29,763€24,556€56,658€36,474€4,171▼ 88.6%
Operating profit (loss)9901€10,144€23,960€411-€25,426€31,771€7,774-€34,895-
Financial income75/76B----€56€0€4,013▲ 401,279×
Recurring financial income75----€56€0€4,013▲ 401,279×
Financial charges65/66B---€6,260€10,252€11,812€14,629▲ 23.8%
Recurring financial charges65€5,091€1,056€311€6,260€10,252€11,812€14,629▲ 23.8%
Profit (loss) for the period before taxes9903€5,052€22,904€100-€31,686€21,575-€4,038-€45,511▼ 1,027%
Income taxes67/77----€65,118€5,995€318€224▼ 29.7%
Profit (loss) for the period9904€5,052€22,904€100€33,433€15,580-€4,356-€45,735▼ 950%
Profit (loss) for the period to be appropriated9905€5,052€22,904€100€33,433€15,580-€4,356-€45,735▼ 950%
Line2019202020212022202320242025Change
Assets
Total assets20/58€0.5m€0.5m€0.5m€0.4m€0.4m€0.4m€1.0m▲ 141%
Formation expenses20---€0----
Fixed assets21/28€0.4m€0.4m€0.4m€0.4m€0.4m€0.3m€1.0m▲ 179%
Tangible fixed assets22/27€0.4m€0.4m€0.4m€0.4m€0.4m€0.3m€1.0m▲ 179%
Land and buildings22---€0.3m€0.3m€0.3m€1.0m▲ 199%
Plant, machinery and equipment23---€0----
Furniture and vehicles24---€0.06m€0.05m€0.03m€0.007m▼ 73.1%
Current assets29/58€0.1m€0.1m€0.03m€0.03m€0.04m€0.08m€0.06m▼ 22.0%
Amounts receivable within one year40/41€0.09m€0.03m€0.03m€0.02m€0.04m€0.08m€0.04m▼ 44.4%
Trade receivables40---€0.02m€0.008m€0.04m€0.004m▼ 90.0%
Other amounts receivable41----€0.03m€0.04m€0.04m▲ 5.7%
Cash at bank and in hand54/58€0.02m€0.02m€0.004m€0.01m€0.002m€0.004m€300▼ 92.0%
Deferred charges and accrued income490/1-----€0.002m€0.02m▲ 13×
Equity and liabilities
Total equity and liabilities10/49€0.5m€0.5m€0.5m€0.4m€0.4m€0.4m€1.0m▲ 141%
Equity10/15€0.1m€0.1m€0.1m€0.2m€0.2m€0.2m€0.1m▼ 23.9%
Contributions10/11€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m=
Reserves13€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Non-distributable reserves130/1---€0.002m€0.002m€0--
Reserves not available under the articles1311---€0.002m€0.002m€0--
Distributable reserves133-----€0.002m€0.002m=
Profit (loss) carried forward14€0.1m€0.1m€0.1m€0.2m€0.2m€0.2m€0.1m▼ 24.9%
Amounts payable17/49€0.4m€0.4m€0.3m€0.2m€0.2m€0.2m€0.9m▲ 273%
Amounts payable after more than one year17€0.05m€0.07m€0.2m€0.06m€0.05m€0.05m€0.04m▼ 11.6%
Financial debts170/4---€0.06m€0.05m€0.05m€0.04m▼ 11.6%
Amounts payable within one year42/48€0.1m€0.07m€0.07m€0.2m€0.2m€0.2m€0.8m▲ 393%
Current portion of amounts payable after more than one year42---€0.005m€0.005m€0.005m€0.6m▲ 103×
Financial debts43---€0.009m€0.007m€0.007m€0.007m=
Other loans439---€0.009m€0.007m€0.007m€0.007m=
Trade debts44€0.03m€0.02m€0.008m€0.003m€0.002m€0.004m€0.05m▲ 11×
Suppliers440/4---€0.003m€0.002m€0.004m€0.05m▲ 11×
Taxes, remuneration and social security45---€0.003m€0.001m€106€0.007m▲ 63×
Taxes450/3---€0.003m€0.001m€106€0.007m▲ 63×
Other amounts payable47/48---€0.2m€0.1m€0.2m€0.2m▲ 36.5%
Accrued charges and deferred income492/3---€0.006m€0.01m€0.02m€0.02m=
Line2019202020212022202320242025Change
Profit (loss) for the period9904€5,052€22,904€100€33,433€15,580-€4,356-€45,735▼ 950%
+ Depreciation and write-downs630€34,749€15,134€23,223€43,970€22,715€22,514€35,793▲ 59.0%
Operating cash flow (approximation)€39,801€38,038€23,323€77,403€38,295€18,158-€9,942-
Investment in fixed assets (approximation)--€24,073-€93,267€9,938-€3,532€3,995-€658,545-
Change in cash--€8,747-€11,867€8,690-€10,832€2,011-€3,458-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 2,507 companies had the same profile as MIH has now. Two years later, 96.4% were still going and 1.6% had gone bankrupt.

  • Small
  • 20 years or older
  • solvency 10 to 30%
  • a small loss
96.4% was still going
1.8% stopped otherwise
1.6% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MIH itself is higher: 2.0% within 12 months. It rests on far more data about MIH 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 2,507 companies, not a prediction for MIH. 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 26 filings with the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 12-05-2026 2026-00109381 PDF
30-09-2024 micro format 28-04-2025 2025-00084315 PDF
30-09-2023 micro format 29-04-2024 2024-00079136 PDF
30-09-2022 micro format 21-07-2023 2023-00288546 PDF
30-09-2021 abbreviated format 28-03-2022 2022-08900509 PDF
30-09-2020 abbreviated format 05-03-2021 2021-07000120 PDF
30-09-2019 abbreviated format 26-02-2020 2020-05700079 PDF
30-09-2018 abbreviated format 12-03-2019 2019-07100288 PDF
30-09-2017 full format 06-03-2018 2018-06400449 PDF
30-09-2016 full format 17-02-2017 2017-04600146 PDF

Show all 26 filings

Board & ownership

Directors

Directors
1 director, last change in 2023
VAERNEWYCK Patrick
Director · in office according to the act of 01-12-2023 · earlier manager, until 01-12-2023 · term without a fixed end · listed in the 2025 annual accounts, filed on 12-05-2026
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
deed of 01-12-2023

Owners and capital

Mandate history

1 person, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
VAERNEWYCK Patrick
  • Manager, until 01-12-2023
  • Director, since before 01-12-2023
See the board, name and registered office on a given date →

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
“Bestuursorgaan, 1”
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Helft overdrager helft koper(s) naar evenredigheid aantal aandelen, nietigheid”

Articles of association, deed of 01-12-2023 (in Dutch)

Network & group

MIH shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of MIH. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 30-04-2027
2026
12-05
NBB filing Annual accounts 2025 filedPDF
micro format · 12 days late
08-01
Gazette deed Registered office moved within Aalter
New seat: Eerste Poolse Pantserdivisiestraat 9, 9880 Aalter · Previous seat: Dammeers 36, 9880 Aalter2 points ▸
  • Board meeting, 18-11-2025
  • Registered-office move, Eerste Poolse Pantserdivisiestraat 9,9880 Aalter

Open the act in the Belgian Official Gazette

2025
30-09
Financial Weakest financial yearnet -€45,735
The net result drops to -€45,735, the lowest from 2019 to 2025.
28-04
NBB filing Annual accounts 2024 filedPDF
micro format · 2 days before the deadline
2024
29-04
NBB filing Annual accounts 2023 filedPDF
micro format · 1 day before the deadline
2023
01-12
Gazette deed Resignation: VAERNEWYCK Patrick (manager)
Reappointment: VAERNEWYCK Patrick (director) · Amendment of the articles · Capital conversion13 points ▸
  • General meeting, 06-11-2023
  • Amendment of the articles, mentioned 2 times in the deed
  • Capital conversion, EUR, “artikel 39,§2,tweede lid wet van 23-03-2019” (deed in Dutch)
  • Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, TWEEDE BESLUIT” (deed in Dutch)
  • Other provision, “vrijstelling volstortingsplicht niet-opgevraagde inbrengen, voormelde aandeelhouders” (deed in Dutch)
  • Net-asset statement, EUR, “bestuursorgaan” (deed in Dutch)
  • Other provision, “voorlezing,toelichting,aansprakelijkheid,terugvordering en kennisname verslag, elke uitkering in strijd met artikelen 5:142 en 5:143 kan door vennootschap van a…” (deed in Dutch)
  • Director resignation, VAERNEWYCK Patrick (manager)
  • Director reappointment, VAERNEWYCK Patrick (director)
  • Other provision, “kwijting ontslagnemende zaakvoerder, te beslissen op volgende jaarvergadering” (deed in Dutch)
  • Registered office clause, “Dammeers 36”, 9880 (deed in Dutch)
  • Power of attorney, Roel Mondelaers
  • The act holds 1 more point.

Open the act in the Belgian Official Gazette

21-07
NBB filing Annual accounts 2022 filedPDF
micro format · 82 days late
2022
30-09
Financial Highest result from 2019 to 2025net €33,433 ▲33,450%
The net result of €33,433 is the highest of those years.
30-09
Financial Equity above €150,000equity €180,330 ▲22.8%
With a profit in every financial year since 2019, equity grows to €180,330.
28-03
NBB filing Annual accounts 2021 filedPDF
abbreviated format · 33 days before the deadline
2021
05-03
NBB filing Annual accounts 2020 filedPDF
abbreviated format · 56 days before the deadline
2020
26-02
NBB filing Annual accounts 2019 filedPDF
abbreviated format · 64 days before the deadline
Show earlier events
2019
12-03
NBB filing Annual accounts 2018 filedPDF
abbreviated format · 49 days before the deadline
2018
06-03
NBB filing Annual accounts 2017 filedPDF
full format · 55 days before the deadline
2017
17-02
NBB filing Annual accounts 2016 filedPDF
full format · 72 days before the deadline
1999
28-08
Gazette deed Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 19 August 1999, MIH was incorporated.1 In 2026 the registered office moved to Aalter.2 Total assets went from €482,833 in 2019 to €1.0m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 08-01-2026
  3. 3National Bank, annual accounts 2019 and 2025

Company details

Register details

Identity

KBO record
Name MIH in Dutch
Enterprise number 0466.715.401
Legal form Private limited company
Status Active, normale toestand
Founded 19-08-1999
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 01-12-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Bestuursorgaan mag exploitatiezetels,administratieve zetels,filialen,agentschappen en depots in België of buitenland oprichten, door zorgen…”
deed of 01-12-2023 (in Dutch)

Registered office and establishments

Registered office Eerste Poolse Pantserdivisiest. 9, 9880 Aalter, Belgium
Establishment unit Eerste Poolse Pantserdivisiest. 9, 9880 Aalter since 04-02-2000 · unit number 2.100.645.757

Activities

NACEBEL 2025
33120 Repair and maintenance of machinery main activity
70200 Business and other management consultancy
Codes under NACEBEL 2008
33120 Repair, maintenance and installation of machinery and equipment main activity
70220 Business consulting

Invoicing and payment

VAT number BE 0466.715.401
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0466715401
Other Peppol ID 9925:BE0466715401
Registered 03-01-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 30-09
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Tuesday of March at 20:00
deed of 01-12-2023 (in Dutch)

Environmental permits

1 application in Flanders since 2024 · 1 granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Granted on 17-02-2025submitted 05-12-2024authority: Aalterproject 2024160651

Source: Omgevingsloket Vlaanderen.

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
723 m²
Building footprint
227 m²
Building volume
805 m³
Cadastral parcel Region Area Buildings Height / floors
44001A0619/00P000 Flanders 723 m² 1 · 227 m² 6.1 m · 1