MIHAIL
ActiveMIHAIL has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €478k and a net result of €162k. Equity is growing by ~32.2% per year across the filed fiscal years. Its solvency ranks better than 45% of 5897 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability84▲+6
Solvency62▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.22 against 2.1 in 2023; short-term debt: 12.3% and cash: 17.2% of total assets), but 63.4% of the assets are financed with debt.
Credit advice 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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
56 d early
2023
54 d early
2022
53 d early
2021
61 d early
2020
148 d early
2019
50 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€478k▲ 51.3%
2023 · €316k
2018: €85k
2019: €110k
2020: €137k
2021: €199k
2022: €225k
2023: €316k
2018 → 2024
Total assets
€1.31M▲ 8.0%
2023 · €1.21M
2018: €173k
2019: €212k
2020: €227k
2021: €309k
2022: €1.13M
2023: €1.21M
2018 → 2024
Net result
€162k▲ 78.1%
2023 · €91k
2018: €72k
2019: €25k
2020: €27k
2021: €62k
2022: €26k
2023: €91k
2018 → 2024
Working capital
€358k▲ 70.7%
2023 · €210k
2018: €80k
2019: €95k
2020: €127k
2021: €196k
2022: €103k
2023: €210k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€137k-€199k▲ 45.2%€225k▲ 13.1%€316k▲ 40.5%€478k▲ 51.3%
Operating result€59k-€98k▲ 66.5%€46k▼ 53.2%€146k▲ 218%€245k▲ 68.3%
Net result€27k-€62k▲ 131%€26k▼ 57.8%€91k▲ 249%€162k▲ 78.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 68% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.31M
Fixed assets
€786k▼ 2.7%
Current assets
€519k▲ 29.8%
Equity and liabilities €1.31M
Equity
€478k▲ 51.3%
Debt
€827k▼ 7.3%
The debt ratio falls from 73.8% to 63.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€269k▲
2023 · €227k
Cash flow
€186k▲
2023 · €173k
Solvency
36.6%▲
2023 · 26.2%
Current ratio
3.22▲
2023 · 2.10
Quick ratio
3.22▲
2023 · 2.10
Debt / equity
1.73▼
2023 · 2.82
ROE
33.9%▲
2023 · 28.8%
ROA
12.4%▲
2023 · 7.5%
Interest coverage
13.63▲
2023 · 11.22
Debt
€827k▼
2023 · €892k
Debt ≤ 1 year
€161k▼
2023 · €190k
Debt > 1 year
€666k▼
2023 · €702k
Income taxes
€77k▲
2023 · €40k
Staff costs
€114k▼
2023 · €119k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.21M€1.31M▲
Fixed assets21/28€808k€786k▼
Tangible fixed assets22/27€808k€784k▼
Land and buildings22€804k€784k▼
Furniture and vehicles24€4k-
Financial fixed assets28€150€2k▲
Current assets29/58€400k€519k▲
Amounts receivable after more than one year29€30k€169k▲
Other amounts receivable291€30k€169k▲
Amounts receivable within one year40/41€122k€99k▼
Trade receivables40€120k€99k▼
Other amounts receivable41€2k-
Cash at bank and in hand54/58€238k€224k▼
Deferred charges and accrued income490/1€11k€26k▲
Equity and liabilities
Total equity and liabilities10/49€1.21M€1.31M▲
Equity10/15€316k€478k▲
Contributions10/11€19k€19k=
Reserves13€297k€460k▲
Distributable reserves133€297k€460k▲
Amounts payable17/49€892k€827k▼
Amounts payable after more than one year17€702k€666k▼
Financial debts170/4€702k€666k▼
Amounts payable within one year42/48€190k€161k▼
Current portion of amounts payable after more than one year42€39k€36k▼
Financial debts43€5k€9k▲
Credit institutions430/8€5k€9k▲
Trade debts44€87k€21k▼
Suppliers440/4€87k€21k▼
Taxes, remuneration and social security45€35k€96k▲
Taxes450/3€27k€78k▲
Remuneration and social security454/9€8k€17k▲
Other amounts payable47/48€25k-
Accrued charges and deferred income492/3€33-
Income statement
Code20232024
Remuneration, social security and pensions62€119k€114k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€24k▼
Other operating charges640/8€15k€9k▼
Gross operating margin9900€361k€392k▲
Operating profit (loss)9901€146k€245k▲
Financial income75/76B€6k€14k▲
Recurring financial income75€6k€14k▲
Financial charges65/66B€20k€20k▼
Recurring financial charges65€20k€20k▼
Profit (loss) for the period before taxes9903€131k€239k▲
Income taxes67/77€40k€77k▲
Profit (loss) for the period9904€91k€162k▲
Profit (loss) for the period to be appropriated9905€91k€162k▲
Appropriation of the result
Profit (loss) to be appropriated9906€91k€162k▲
Transfer to equity691/2€91k€162k▲
To other reserves6921€91k€162k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €162k ▲78.1%
Operating result €245k, net result €162k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €225k ▲13.1%
5 profitable years in a row build equity to €225k.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €199k ▲45.2%
4 profitable years in a row build equity to €199k.
05-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
03-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 216 days late
2019
31-12
Financial
Weakest financial yearnet €25k ▼65.1%
Net result drops to €25k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €110k ▲29.4%
2 profitable years in a row build equity to €110k.
07-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 160 days late
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 221 days late
2016
11-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 72 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Destelbergen · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Scheldelaan 399070 DestelbergenGround area
508 m²
Building footprint
101 m²
Volume, LiDAR
1,008 m³
Parcel 44013A0833/00F000, Flanders · tallest building 10.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ARA Cleaning
since 20092.179.583.466
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0833/00F000 | Flanders | 508 m² | 1 · 101 m² | 10.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
Multi Corporation
BE 0727.927.986
Antwerpen · Eq €475k
Ad Solutions Group
BE 0678.542.219
Brussel · Eq €481k
BELVIEW
BE 0502.737.439
Elsene · Eq €482k
ICHOU
BE 0766.308.215
Bastogne · Eq €475k
GREEN RIVER
BE 0676.816.708
Sint-Gillis (bij-Brussel) · Eq €483k
Of 7,353 companies in sector 81210 we hold annual accounts for 2,734. 1,387 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-07-2009
Fiscal year end31-12
Activities, NACEBEL
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.ara-cleaning.be
Phone:0487/99.22.92