MIHEVCO
ActiveMIHEVCO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €22k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 12637 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
78
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency60▲+5
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.21 against 1.21 in 2024), and 64.8% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
35.2%
Return on assets
41.8%
Age of the figures
8 mo
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 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 19-03-2026, 134 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
134 d early
2024
38 d early
2023
37 d early
2022
41 d early
2021
41 d early
2020
36 d early
2019
19 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k=
2024 · €19k
2018: €17k
2019: €41k
2020: €63k
2021: €101k
2022: €67k
2023: €67k
2024: €19k
2018 → 2025
Total assets
€53k▼ 8.2%
2024 · €58k
2018: €24k
2019: €46k
2020: €79k
2021: €117k
2022: €74k
2023: €93k
2024: €58k
2018 → 2025
Net result
€22k▼ 30.3%
2024 · €32k
2018: €11k
2019: €24k
2020: €21k
2021: €26k
2022: €22k
2023: €17k
2024: €32k
2018 → 2025
Working capital
€6k▼ 29.3%
2024 · €8k
2018: €15k
2019: €40k
2020: €56k
2021: €95k
2022: €59k
2023: €55k
2024: €8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€67k▼ 33.2%€67k=€19k▼ 72.4%€19k=
Operating result€33k-€28k▼ 14.5%€23k▼ 17.4%€37k▲ 58.2%€29k▼ 21.7%
Net result€26k-€22k▼ 13.2%€17k▼ 23.3%€32k▲ 84.4%€22k▼ 30.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53k
Fixed assets
€19k▲ 82.3%
Current assets
€34k▼ 28.0%
Equity and liabilities €53k
Equity
€19k=
Debt
€34k▼ 12.2%
The debt ratio falls from 67.7% to 64.8%: debt is paid down.
Key figures and ratios
EBITDA
€33k▼
2024 · €40k
Cash flow
€26k▼
2024 · €35k
Solvency
35.2%▲
2024 · 32.3%
Current ratio
1.21▼
2024 · 1.21
Quick ratio
1.21▼
2024 · 1.21
Debt / equity
1.84▼
2024 · 2.10
ROE
118.9%▼
2024 · 170.6%
ROA
41.8%▼
2024 · 55.0%
Interest coverage
56.50▼
2024 · 137.48
Debt
€34k▼
2024 · €39k
Debt ≤ 1 year
€28k▼
2024 · €39k
Debt > 1 year
€6k
Income taxes
€6k▼
2024 · €8k
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€58k€53k▼
Fixed assets21/28€10k€19k▲
Tangible fixed assets22/27€10k€19k▲
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€5k€14k▲
Current assets29/58€47k€34k▼
Amounts receivable within one year40/41€12k€13k▲
Trade receivables40€11k€11k▲
Other amounts receivable41€2k€2k▲
Current investments50/53€4k€4k=
Cash at bank and in hand54/58€30k€16k▼
Deferred charges and accrued income490/1€214€461▲
Equity and liabilities
Total equity and liabilities10/49€58k€53k▼
Equity10/15€19k€19k=
Contributions10/11€19k€19k=
Amounts payable17/49€39k€34k▼
Amounts payable after more than one year17-€6k
Financial debts170/4-€6k
Amounts payable within one year42/48€39k€28k▼
Current portion of amounts payable after more than one year42-€3k
Trade debts44€28€82▲
Suppliers440/4€28€82▲
Taxes, remuneration and social security45€7k€2k▼
Taxes450/3€7k€2k▼
Other amounts payable47/48€32k€22k▼
Income statement
Code20242025
Non-recurring operating income76A€12k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€118€120▲
Gross operating margin9900€40k€33k▼
Operating profit (loss)9901€37k€29k▼
Financial income75/76B€3k€114▼
Recurring financial income75€3k€114▼
Financial charges65/66B€291€580▲
Recurring financial charges65€291€580▲
Profit (loss) for the period before taxes9903€40k€29k▼
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€32k€22k▼
Profit (loss) for the period to be appropriated9905€32k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€32k€22k▼
Transfer from equity791/2€49k-
Profit to be distributed694/7€81k€22k▼
Return on contributions (dividend)694€81k€22k▼
The notes to these accounts (6 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
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €32k ▲84.4%
Operating result €37k, net result €32k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100kEq €101k ▲61.1%
4 profitable years in a row build equity to €101k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 9.71
Current ratio from 3.18 to 9.71; short-term debt falls from €7k to €5k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kapellen · 1 establishment unit since 2018
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.
Irisdreef 82950 KapellenGround area
276 m²
Building footprint
99 m²
Volume, LiDAR
642 m³
Parcel 11902F0218/00S004, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MIHEVCO
since 20182.276.845.564
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11902F0218/00S004 | Flanders | 276 m² | 1 · 99 m² | 9.6 m · 2 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.
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Of 1,019 companies in sector 69103 we hold annual accounts for 610. 299 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2018
Fiscal year end31-12
Activities, NACEBEL
69103Activities of bailiffs
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.