MIHALI CONSTRUCT
ActiveMIHALI CONSTRUCT has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €5k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 969 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
90
/ 100
Excellent▼ -10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-24
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 5.83 against 5.63 in 2024), and 16.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
83.9%
Return on assets
12.8%
Age of the figures
8 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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
29 d early
2023
26 d early
2022
48 d early
2021
55 d early
2020
44 d early
2019
42 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€32k▼ 26.2%
2024 · €44k
2018: €15k
2019: €19k
2020: €23k
2021: €32k
2022: €33k
2023: €33k
2024: €44k
2018 → 2025
Total assets
€38k▼ 26.8%
2024 · €52k
2018: €25k
2019: €53k
2020: €47k
2021: €52k
2022: €41k
2023: €40k
2024: €52k
2018 → 2025
Net result
€5k▼ 51.9%
2024 · €10k
2018: €-5k
2019: €4k
2020: €4k
2021: €9k
2022: €2k
2023: €1k
2024: €10k
2018 → 2025
Working capital
€30k▼ 26.5%
2024 · €41k
2018: €5k
2019: €7k
2020: €10k
2021: €17k
2022: €20k
2023: €31k
2024: €41k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€33k▲ 2.2%€33k▲ 1.7%€44k▲ 30.5%€32k▼ 26.2%
Operating result€12k-€3k▼ 77.2%€2k▼ 8.1%€15k▲ 498%€7k▼ 49.7%
Net result€9k-€2k▼ 84.2%€1k▼ 9.7%€10k▲ 653%€5k▼ 51.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 50% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €38k
Fixed assets
€2k▼ 22.8%
Current assets
€36k▼ 27.0%
Equity and liabilities €38k
Equity
€32k▼ 26.2%
Debt
€6k▼ 29.6%
The debt ratio falls from 16.7% to 16.1%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€8k▼
2024 · €15k
Cash flow
€6k▼
2024 · €11k
Solvency
83.9%▲
2024 · 83.3%
Current ratio
5.83▲
2024 · 5.63
Quick ratio
5.83▲
2024 · 5.63
Debt / equity
0.19▼
2024 · 0.20
ROE
15.2%▼
2024 · 23.3%
ROA
12.8%▼
2024 · 19.4%
Interest coverage
50.46▼
2024 · 84.82
Debt
€6k▼
2024 · €9k
Debt ≤ 1 year
€6k▼
2024 · €9k
Income taxes
€3k▼
2024 · €4k
Staff costs
€21k▲
2024 · €20k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€52k€38k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€2k€877▼
Plant, machinery and equipment23€1k€877▼
Other tangible fixed assets26€82-
Financial fixed assets28€2k€2k=
Current assets29/58€49k€36k▼
Amounts receivable within one year40/41€14k€16k▲
Trade receivables40€6k€8k▲
Other amounts receivable41€8k€8k▼
Cash at bank and in hand54/58€34k€19k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€52k€38k▼
Equity10/15€44k€32k▼
Contributions10/11€6k€6k=
Reserves13€37k€26k▼
Distributable reserves133€37k€26k▼
Amounts payable17/49€9k€6k▼
Amounts payable within one year42/48€9k€6k▼
Trade debts44€261€435▲
Suppliers440/4€261€435▲
Taxes, remuneration and social security45€8k€6k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€999-
Income statement
Code20242025
Remuneration, social security and pensions62€20k€21k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€473€704▲
Other operating charges640/8€981€853▼
Gross operating margin9900€36k€30k▼
Operating profit (loss)9901€15k€7k▼
Financial income75/76B€366€386▲
Recurring financial income75€366€386▲
Financial charges65/66B€177€158▼
Recurring financial charges65€177€158▼
Profit (loss) for the period before taxes9903€15k€8k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€10k€5k▼
Profit (loss) for the period to be appropriated9905€10k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€5k▼
Transfer from equity791/2-€16k
Transfer to equity691/2€10k€5k▼
To other reserves6921€10k€5k▼
Profit to be distributed694/7-€16k
Return on contributions (dividend)694-€16k
Social balance
Average headcount (FTE)90870.6-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €10k ▲653%
Operating result €15k, net result €10k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Boom · 1 establishment unit since 2014
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.
Kruiskenslei 1732850 BoomGround area
250 m²
Building footprint
112 m²
Volume, LiDAR
585 m³
Parcel 11005A0268/00Y000, Flanders · tallest building 9.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Mihali Construct
since 20142.227.183.346
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11005A0268/00Y000 | Flanders | 250 m² | 1 · 112 m² | 9.8 m · 1 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
TRAVO ONE
BE 0669.646.923
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D&K Construct
BE 1000.490.761
Waasmunster · Eq €32k
SB Ecobouw
BE 0778.730.549
Hamme (Vl.) · Eq €32k
R et B INVEST
BE 0786.354.353
Donceel · Eq €32k
DART DESIGN
BE 0799.548.333
Asse · Eq €32k
Of 29,531 companies in sector 41001 we hold annual accounts for 15,864. 12,381 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2014
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
42110Construction of roads and motorways
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.