MIHA
ActiveSummary
MIHA has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87k and a net result of €6k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 93% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 10.35 against 12.72 in 2024; short-term debt: 9.5% and cash: 48.7% of total assets), and 9.8% 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+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
90.2%
Return on assets
6.1%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
27 d late
2023
29 d late
2022
31 d late
2021
29 d late
2020
16 d early
2019
28 d late
← 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, micro schema
Equity
€87k▲ 6.2%
2024 · €82k
2018: €56klowest in 8 years
2019: €63k▲ +13.0% vs 2018
2020: €67k▲ +6.8% vs 2019
2021: €73k▲ +9.0% vs 2020
2022: €77k▲ +5.3% vs 2021
2023: €80k▲ +3.7% vs 2022
2024: €82k▲ +2.7% vs 2023
2025: €87k▲ +6.2% vs 2024highest in 8 years
2018 → 2025
Total assets
€97k▲ 8.4%
2024 · €89k
2018: €62klowest in 8 years
2019: €68k▲ +9.4% vs 2018
2020: €71k▲ +5.1% vs 2019
2021: €83k▲ +15.7% vs 2020
2022: €86k▲ +3.6% vs 2021
2023: €88k▲ +2.2% vs 2022
2024: €89k▲ +2.0% vs 2023
2025: €97k▲ +8.4% vs 2024highest in 8 years
2018 → 2025
Net result
€6k▲ 99.3%
2024 · €3k
2018: €8k
2019: €8k▲ +4.2% vs 2018highest in 8 years
2020: €5k▼ -36.6% vs 2019
2021: €7k▲ +34.6% vs 2020
2022: €5k▼ -32.2% vs 2021
2023: €4k▼ -21.2% vs 2022
2024: €3k▼ -19.2% vs 2023lowest in 8 years
2025: €6k▲ +99.3% vs 2024
2018 → 2025
Working capital
€86k▲ 7.4%
2024 · €80k
2018: €56klowest in 8 years
2019: €63k▲ +13.4% vs 2018
2020: €66k▲ +5.2% vs 2019
2021: €71k▲ +7.1% vs 2020
2022: €75k▲ +5.1% vs 2021
2023: €79k▲ +5.8% vs 2022
2024: €80k▲ +1.8% vs 2023
2025: €86k▲ +7.4% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€77k▲ 5.3%€80k▲ 3.7%€82k▲ 2.7%€87k▲ 6.2%
2021: €73klowest in 5 years
2022: €77k▲ +5.3% vs 2021
2023: €80k▲ +3.7% vs 2022
2024: €82k▲ +2.7% vs 2023
2025: €87k▲ +6.2% vs 2024highest in 5 years
Operating result€10k-€8k▼ 24.5%€5k▼ 36.4%€6k▲ 16.8%€9k▲ 57.7%
2021: €10khighest in 5 years
2022: €8k▼ -24.5% vs 2021
2023: €5k▼ -36.4% vs 2022lowest in 5 years
2024: €6k▲ +16.8% vs 2023
2025: €9k▲ +57.7% vs 2024
Net result€7k-€5k▼ 32.2%€4k▼ 21.2%€3k▼ 19.2%€6k▲ 99.3%
2021: €7khighest in 5 years
2022: €5k▼ -32.2% vs 2021
2023: €4k▼ -21.2% vs 2022
2024: €3k▼ -19.2% vs 2023lowest in 5 years
2025: €6k▲ +99.3% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 58% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97k
Fixed assets
€1k ▼ 38.9%
Current assets
€95k ▲ 9.5%
Equity and liabilities €97k
Equity
€87k ▲ 6.2%
Debt
€9k ▲ 33.3%
Debt's share of the balance-sheet total rises from 8.0% to 9.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▲
2024 · €7k
Cash flow
€7k▲
2024 · €4k
Current ratio
10.35▼
2024 · 12.72
Debt to equity
0.11▲
2024 · 0.09
ROE
6.8%▲
2024 · 3.6%
ROA
6.1%▲
2024 · 3.3%
Interest coverage
144.15▲
2024 · 43.79
Debt ≤ 1 year
€9k▲
2024 · €7k
Income taxes
€3k▲
2024 · €2k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€89k€97k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€87k€95k▲
Amounts receivable within one year40/41€63k€48k▼
Trade receivables40€62k€48k▼
Other amounts receivable41€1k€565▼
Cash at bank and in hand54/58€24k€47k▲
Deferred charges and accrued income490/1€299€310▲
Equity and liabilities
Total equity and liabilities10/49€89k€97k▲
Equity10/15€82k€87k▲
Contributions10/11€19k€19k=
Reserves13€64k€69k▲
Distributable reserves133€64k€69k▲
Amounts payable17/49€7k€9k▲
Amounts payable within one year42/48€7k€9k▲
Trade debts44€335€421▲
Suppliers440/4€335€421▲
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€574€2k▲
Remuneration and social security454/9€750€750=
Other amounts payable47/48€5k€6k▲
Accrued charges and deferred income492/3€256€250▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€815▼
Other operating charges640/8€899€928▲
Gross operating margin9900€8k€11k▲
Operating profit (loss)9901€6k€9k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€153€67▼
Recurring financial charges65€153€67▼
Profit (loss) for the period before taxes9903€5k€9k▲
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€3k€6k▲
Profit (loss) for the period to be appropriated9905€3k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€6k▲
Transfer from equity791/2€800€800=
Transfer to equity691/2€3k€6k▲
To other reserves6921€3k€6k▲
Profit to be distributed694/7€800€800=
Return on contributions (dividend)694€800€800=
The notes to these accounts (4 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 | €578 | €1k | €1k | €1k | €815 | ▼ 27.6% |
| Other operating charges640/8 | €750 | €793 | €870 | €899 | €928 | ▲ 3.3% |
| Non-recurring operating charges66A | - | €409 | - | - | - | - |
| Gross operating margin9900 | €11k | €10k | €7k | €8k | €11k | ▲ 38.7% |
| Operating profit (loss)9901 | €10k | €8k | €5k | €6k | €9k | ▲ 57.7% |
| Financial income75/76B | - | €0 | €0 | - | €0 | - |
| Recurring financial income75 | - | €0 | €0 | - | €0 | - |
| Financial charges65/66B | €75 | €85 | €116 | €153 | €67 | ▼ 56.4% |
| Recurring financial charges65 | €75 | €85 | €116 | €153 | €67 | ▼ 56.4% |
| Profit (loss) for the period before taxes9903 | €10k | €7k | €5k | €5k | €9k | ▲ 60.9% |
| Income taxes67/77 | €3k | €3k | €989 | €2k | €3k | ▲ 14.7% |
| Profit (loss) for the period9904 | €7k | €5k | €4k | €3k | €6k | ▲ 99.3% |
| Profit (loss) for the period to be appropriated9905 | €7k | €5k | €4k | €3k | €6k | ▲ 99.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83k | €86k | €88k | €89k | €97k | ▲ 8.4% |
| Fixed assets21/28 | €3k | €3k | €1k | €2k | €1k | ▼ 38.9% |
| Tangible fixed assets22/27 | €3k | €3k | €1k | €2k | €1k | ▼ 38.9% |
| Furniture and vehicles24 | €3k | €3k | €1k | €2k | €1k | ▼ 38.9% |
| Current assets29/58 | €80k | €83k | €86k | €87k | €95k | ▲ 9.5% |
| Amounts receivable within one year40/41 | €47k | €52k | €60k | €63k | €48k | ▼ 23.5% |
| Trade receivables40 | €44k | €51k | €58k | €62k | €48k | ▼ 23.0% |
| Other amounts receivable41 | €4k | €1k | €2k | €1k | €565 | ▼ 48.1% |
| Cash at bank and in hand54/58 | €32k | €30k | €26k | €24k | €47k | ▲ 95.7% |
| Deferred charges and accrued income490/1 | €720 | €285 | €368 | €299 | €310 | ▲ 3.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83k | €86k | €88k | €89k | €97k | ▲ 8.4% |
| Equity10/15 | €73k | €77k | €80k | €82k | €87k | ▲ 6.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €55k | €59k | €61k | €64k | €69k | ▲ 8.0% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €53k | €57k | €61k | €64k | €69k | ▲ 8.0% |
| Amounts payable17/49 | €9k | €8k | €8k | €7k | €9k | ▲ 33.3% |
| Amounts payable within one year42/48 | €9k | €8k | €7k | €7k | €9k | ▲ 34.6% |
| Trade debts44 | €819 | €609 | €407 | €335 | €421 | ▲ 25.7% |
| Suppliers440/4 | €819 | €609 | €407 | €335 | €421 | ▲ 25.7% |
| Taxes, remuneration and social security45 | €2k | €2k | €1k | €1k | €3k | ▲ 116% |
| Taxes450/3 | €2k | €1k | €490 | €574 | €2k | ▲ 267% |
| Remuneration and social security454/9 | €600 | €750 | €750 | €750 | €750 | = |
| Other amounts payable47/48 | €6k | €6k | €6k | €5k | €6k | ▲ 14.5% |
| Accrued charges and deferred income492/3 | €250 | €250 | €250 | €256 | €250 | ▼ 2.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €5k | €4k | €3k | €6k | ▲ 99.3% |
| + Depreciation and write-downs630 | €578 | €1k | €1k | €1k | €815 | ▼ 27.6% |
| Operating cash flow (approximation) | €7k | €6k | €5k | €4k | €7k | ▲ 64.4% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-2k | €-5k | €-2k | €23k | ▲ 1,473% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €3k ▼19.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €8k ▲4.2%
Operating result €11k, net result €8k, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Tremelo · 1 establishment unit since 2011
Ground area
853 m²
Building footprint
171 m²
Volume, LiDAR
949 m³
Parcel 24006D0462/00B004, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MIHA
since 20112.197.716.132
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24006D0462/00B004 | Flanders | 853 m² | 1 · 171 m² | 8.6 m · 2 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 20,018 companies in sector 43320 we hold annual accounts for 9,132. 7,689 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
Founded31-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.