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MIIC

Active
Private limited companyfounded 2012active for 14 yearsRue de l'Argentine 64, 1310 La Hulpe, BelgiumKBO/BCE: BE 0849.449.685
Summary

MIIC has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €91,141. Equity has been growing by about 35% per year since 2018. Its solvency ranks better than 52% of 34,954 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 08-10-2012 Normal situation
Activity
Site preparation NACE 43120and 5 others
Establishment unit
2.214.535.932 1310 La Hulpe, since 09-10-2012
Financial year end
31 December
Peppol
Reachable since 25-11-2025

Board and ownership

Board

Financial position

96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€248,170
▲ 6.0%
Turnover
≈ €810,000
estimated
Profit
€91,141
▲ 32.5%
Equity
€1.1m
▲ 9.4%
Total assets
€2.2m
=
Score breakdownraises risk1 of the last 3 accounts lateSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €2.2mFounded in 2012Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 65% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency 74+5
equity 48.6% of total assets
Liquidity 64+3
short-term debt 12.6% · cash 12.4%
Profitability 74+28
return on assets 4.2%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,651 companies, NACE 43, small)
Last 24 months 12-2024: 0.3% 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.4 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.2%▲ +0.1 percentage points vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.15 (1.02 in 2024), below the usual 1.5. Short-term debt is 12.6% and cash 12.4% of total assets. 51.4% 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 43, small). It does better than 65% of them on solvency, 79% on liquidity, 54% on profitability and 60% 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

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €2.2m
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 · 1 of the last 3 accounts late
NBB · filings
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Founded in 2012
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 days early
2024
22 days early
2023
33 days late
2022
on the day
2021
16 days late
2020
18 days late
2019
91 days late
← 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 18 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 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

Annual accounts 2025 filed on 24-07-2026 at the NBB all 13 filings

Turnover
€143,987
EBIT margin
27.0%
Net result
€91,141▲ 32.5%
2024 · €68,808
Working capital
€40,248▲ 837%
2024 · €4,296
Multi-year overview
2018 to 2025, 8 financial years
Turnover
no figure
2025
20182025
Operating result
€174,008
▼ 4.6% 2025
20182025
Net result
€91,141
▲ 32.5% 2025
highest quarter of the sector
20182025
EBIT margin
no figure
2025
20182025
Equity
€1.1m
▲ 9.4% 2025
highest quarter of the sector
20182025
Total assets
€2.2m
= 2025
highest quarter of the sector
20182025
Debt
€1.1m
▼ 7.4% 2025
20182025
Working capital
€40,248
▲ 837% 2025
middle half of the sector
20182025
Solvency
48.6%
▲ 4.1pp 2025
middle half of the sector
20182025
Current ratio
1.15
▲ 0.13 2025
middle half of the sector
20182025
Return on assets (ROA)
4.2%
▲ 1.0pp 2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.1m-
Operating result€0.04m-€0.04m▲ 0.6%€0.05m▲ 32.5%€0.3m▲ 393%€0.4m▲ 60.6%€0.4m▼ 7.1%€0.2m▼ 52.0%€0.2m▼ 4.6%
Net result€0.01m-€0.02m▲ 152%€0.05mabove the sector's middle half▲ 86.2%€0.2mabove the sector's middle half▲ 290%€0.3mabove the sector's middle half▲ 40.7%€0.2mabove the sector's middle half▼ 10.7%€0.07mabove the sector's middle half▼ 69.8%€0.09mabove the sector's middle half▲ 32.5%
EBIT margin27.0%-
Equity€0.2m-€0.2m▲ 15.2%€0.2mabove the sector's middle half▲ 24.6%€0.4mabove the sector's middle half▲ 76.6%€0.7mabove the sector's middle half▲ 61.2%€0.9mabove the sector's middle half▲ 33.9%€1.0mabove the sector's middle half▲ 7.5%€1.1mabove the sector's middle half▲ 9.4%
Total assets€0.3m-€0.3m▼ 2.1%€1.0mabove the sector's middle half▲ 197%€0.9mabove the sector's middle half▼ 9.8%€1.8mabove the sector's middle half▲ 103%€2.5mabove the sector's middle half▲ 39.8%€2.2mabove the sector's middle half▼ 12.9%€2.2mabove the sector's middle half=
Debt€0.2m-€0.1m▼ 18.8%€0.7m▲ 434%€0.5m▼ 37.4%€1.1m▲ 142%€1.6m▲ 43.3%€1.2m▼ 24.3%€1.1m▼ 7.4%
Working capital€0.01m-€0.2m▲ 13×€0.04mwithin the sector's middle half▼ 76.7%€0.2mabove the sector's middle half▲ 539%€0.2mabove the sector's middle half▲ 1.8%€0.03mwithin the sector's middle half▼ 86.4%€0.004mwithin the sector's middle half▼ 87.3%€0.04mwithin the sector's middle half▲ 837%
Solvency49.2%-57.8%▲ 8.7pp24.2%within the sector's middle half▼ 33.6pp47.5%within the sector's middle half▲ 23.2pp37.6%within the sector's middle half▼ 9.9pp36.0%within the sector's middle half▼ 1.6pp44.4%within the sector's middle half▲ 8.4pp48.6%within the sector's middle half▲ 4.1pp
Current ratio1.07-15.39▲ 14.311.73within the sector's middle half▼ 13.665.48above the sector's middle half▲ 3.752.50within the sector's middle half▼ 2.981.06below the sector's middle half▼ 1.431.02below the sector's middle half▼ 0.051.15within the sector's middle half▲ 0.13
Return on assets (ROA)3.0%-7.6%▲ 4.7pp4.8%within the sector's middle half▼ 2.9pp20.7%above the sector's middle half▲ 15.9pp14.3%within the sector's middle half▼ 6.4pp9.2%within the sector's middle half▼ 5.2pp3.2%within the sector's middle half▼ 6.0pp4.2%within the sector's middle half▲ 1.0pp
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 5% lower than in 2024 and the lowest since 2021. It is the third fall in a row.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets €1.9m ▼ 2.6%
Current assets €314,790 ▲ 19.0%
Equity and liabilities €2.2m
Equity €1.1m ▲ 9.4%
Debt €1.1m ▼ 7.4%
Debt's share of the balance-sheet total falls from 55.6% to 51.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€228,244▲
2024 · €221,985
Cash flow
€145,377▲
2024 · €108,322
Debt to equity
1.06▼
2024 · 1.25
ROE
8.6%▲
2024 · 7.1%
Interest coverage
6.43▲
2024 · 2.74
Debt ≤ 1 year
€274,542▲
2024 · €260,341
Debt > 1 year
€825,666▼
2024 · €937,605
Income taxes
€51,781▲
2024 · €37,720
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€3,505€812,417€657,218€15,674€11,458
Intangible fixed assets--€1,169--
Depreciation and write-downs of the year€30,126€22,398€96,095€39,514€54,236

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.2m€2.2m=
Fixed assets21/28€1.9m€1.9m▼
Intangible fixed assets21€0.001m€0.001m▼
Tangible fixed assets22/27€1.9m€1.9m▼
Land and buildings22€1.9m€1.9m▼
Furniture and vehicles24€0.003m€0.004m▲
Current assets29/58€0.3m€0.3m▲
Amounts receivable within one year40/41€0.03m€0.04m▲
Trade receivables40€0.03m€0.04m▲
Other amounts receivable41€0.005m-
Cash at bank and in hand54/58€0.2m€0.3m▲
Deferred charges and accrued income490/1€0.01m€0.008m▼
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.2m=
Equity10/15€1.0m€1.1m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.8m€0.9m▲
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.2m€0.1m▼
Distributable reserves133€0.6m€0.8m▲
Profit (loss) carried forward14€0.1m€0.1m▼
Amounts payable17/49€1.2m€1.1m▼
Amounts payable after more than one year17€0.9m€0.8m▼
Financial debts170/4€0.9m€0.8m▼
Other amounts payable178/9€0.001m€0.001m=
Amounts payable within one year42/48€0.3m€0.3m▲
Current portion of amounts payable after more than one year42€0.1m€0.1m▲
Trade debts44€0.02m€0.007m▼
Suppliers440/4€0.009m€0.007m▼
Bills of exchange payable441€0.009m-
Taxes, remuneration and social security45€0.02m€0.04m▲
Taxes450/3€0.02m€0.04m▲
Other amounts payable47/48€0.1m€0.1m▲
Accrued charges and deferred income492/3€0.008m€0.02m▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.04m€0.05m▲
Other operating charges640/8€0.01m€0.01m▲
Non-recurring operating charges66A-€0.007m
Gross operating margin9900€0.2m€0.2m▲
Operating profit (loss)9901€0.2m€0.2m▼
Financial income75/76B€0.005m€0.004m▼
Recurring financial income75€0.005m€0.004m▼
Financial charges65/66B€0.08m€0.04m▼
Recurring financial charges65€0.08m€0.04m▼
Profit (loss) for the period before taxes9903€0.1m€0.1m▲
Income taxes67/77€0.04m€0.05m▲
Profit (loss) for the period9904€0.07m€0.09m▲
Transfer from tax-exempt reserves789€0.08m€0.1m▲
Profit (loss) for the period to be appropriated9905€0.2m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.3m€0.3m▲
Profit (loss) brought forward from the previous period14P€0.1m€0.1m▼
Transfer to equity691/2€0.2m€0.2m▲
To other reserves6921€0.2m€0.2m▲
Profit to be distributed694/7€0.001m€0.001m▼
Return on contributions (dividend)694€0.001m€0.001m▼

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 accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 24-07-2026.

Line20182019202020212022202320242025Change
Turnover70€143,987--------
Non-recurring operating income76A----€1,810----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,378€28,571€26,278€30,126€22,398€96,095€39,514€54,236▲ 37.3%
Other operating charges640/8---€12,477€7,047€38,045€12,119€12,989▲ 7.2%
Non-recurring operating charges66A-------€6,937-
Gross operating margin9900€31,826€68,778€79,329€297,577€438,934€514,402€234,105€248,170▲ 6.0%
Operating profit (loss)9901€38,841€39,055€51,736€254,974€409,490€380,263€182,471€174,008▼ 4.6%
Financial income75/76B---€2,798€3€5,952€5,015€4,412▼ 12.0%
Recurring financial income75-€682€2,729€2,798€3€5,952€5,015€4,412▼ 12.0%
Financial charges65/66B---€7,384€56,449€73,018€80,957€35,497▼ 56.2%
Recurring financial charges65€157€4,435€10,755€7,384€56,449€73,018€80,957€35,497▼ 56.2%
Profit (loss) for the period before taxes9903€38,684€35,302€43,710€250,388€353,044€313,197€106,529€142,922▲ 34.2%
Income taxes67/77€28,773€10,339-€2,780€68,846€97,611€85,217€37,720€51,781▲ 37.3%
Profit (loss) for the period9904€9,911€24,963€46,490€181,542€255,433€227,980€68,808€91,141▲ 32.5%
Transfer from tax-exempt reserves789----€17,800-€84,200€109,460▲ 30.0%
Transfer to tax-exempt reserves689---€84,200€126,300€109,460---
Profit (loss) for the period to be appropriated9905-€24,963€46,490€97,342€146,933€118,520€153,008€200,601▲ 31.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.3m€0.3m€1.0m€0.9m€1.8m€2.5m€2.2m€2.2m=
Fixed assets21/28€0.2m€0.2m€0.9m€0.6m€1.4m€1.9m€1.9m€1.9m▼ 2.6%
Intangible fixed assets21-----€0.001m€0.001m€0.001m▼ 40.0%
Tangible fixed assets22/27€0.2m€0.2m€0.9m€0.6m€1.4m€1.9m€1.9m€1.9m▼ 2.6%
Land and buildings22---€0.6m€1.4m€1.9m€1.9m€1.9m▼ 2.6%
Furniture and vehicles24---€0.005m€0.006m€0.005m€0.003m€0.004m▲ 42.3%
Financial fixed assets28-€150-------
Current assets29/58€0.2m€0.2m€0.09m€0.3m€0.4m€0.6m€0.3m€0.3m▲ 19.0%
Amounts receivable within one year40/41€0.02m€0.03m€0.07m€0.04m€0.02m€0.05m€0.03m€0.04m▲ 17.4%
Trade receivables40---€0.01m€0.001m€0.04m€0.03m€0.04m▲ 36.8%
Other amounts receivable41---€0.03m€0.02m€0.005m€0.005m--
Current investments50/53-----€0.5m---
Cash at bank and in hand54/58€0.2m€0.1m€0.01m€0.3m€0.4m€0.06m€0.2m€0.3m▲ 21.5%
Deferred charges and accrued income490/1---€0.003m€0.01m€0.007m€0.01m€0.008m▼ 27.0%
Equity and liabilities
Total equity and liabilities10/49€0.3m€0.3m€1.0m€0.9m€1.8m€2.5m€2.2m€2.2m=
Equity10/15€0.2m€0.2m€0.2m€0.4m€0.7m€0.9m€1.0m€1.1m▲ 9.4%
Contributions10/11€0.02m€0.02m-€0.02m€0.02m€0.02m€0.02m€0.02m=
Reserves13€0.02m€0.04m€0.09m€0.3m€0.5m€0.8m€0.8m€0.9m▲ 11.1%
Non-distributable reserves130/1---€0.002m€0.002m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.002m€0.002m€0.002m€0.002m€0.002m=
Tax-exempt reserves132---€0.1m€0.2m€0.3m€0.2m€0.1m▼ 46.4%
Distributable reserves133---€0.2m€0.3m€0.4m€0.6m€0.8m▲ 34.3%
Profit (loss) carried forward14€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m▼ 0.7%
Amounts payable17/49€0.2m€0.1m€0.7m€0.5m€1.1m€1.6m€1.2m€1.1m▼ 7.4%
Amounts payable after more than one year17-€0.1m€0.7m€0.4m€0.9m€1.1m€0.9m€0.8m▼ 11.9%
Financial debts170/4---€0.4m€0.9m€1.1m€0.9m€0.8m▼ 12.0%
Other amounts payable178/9----€0.001m€0.001m€0.001m€0.001m=
Amounts payable within one year42/48€0.2m€0.01m€0.05m€0.05m€0.2m€0.5m€0.3m€0.3m▲ 5.5%
Current portion of amounts payable after more than one year42---€0.03m€0.09m€0.09m€0.1m€0.1m▲ 2.3%
Trade debts44€0.002m€0.003m€0.005m€0.003m€0.007m€0.3m€0.02m€0.007m▼ 61.5%
Suppliers440/4---€0.003m€0.007m€0.3m€0.009m€0.007m▼ 19.9%
Bills of exchange payable441------€0.009m--
Taxes, remuneration and social security45---€0.02m€0.05m€0.008m€0.02m€0.04m▲ 94.1%
Taxes450/3---€0.02m€0.05m€0.008m€0.02m€0.04m▲ 94.1%
Other amounts payable47/48---€0.001m€0.02m€0.08m€0.1m€0.1m▲ 3.1%
Accrued charges and deferred income492/3-----€0.01m€0.008m€0.02m▲ 96.6%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€9,911€24,963€46,490€181,542€255,433€227,980€68,808€91,141▲ 32.5%
+ Depreciation and write-downs630€8,378€28,571€26,278€30,126€22,398€96,095€39,514€54,236▲ 37.3%
Operating cash flow (approximation)€18,289€53,533€72,769€211,668€277,831€324,074€108,322€145,377▲ 34.2%
Investment in fixed assets (approximation)--€28,454-€755,514€273,098-€812,417-€658,387-€15,674-€4,521▲ 71.2%
Change in cash--€23,336-€120,375€245,817€130,826-€330,280€163,389€47,554▼ 70.9%

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

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Historical observation

In July 2024, 6,049 companies had the same profile as MIIC has now. Two years later, 95.9% were still going and 0.4% had gone bankrupt.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet
95.9% was still going
3.6% stopped otherwise
0.4% went bankrupt

That fits the bankruptcy probability of MIIC itself: 0.1% within 12 months.

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 6,049 companies, not a prediction for MIIC. 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 13 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 24-07-2026 2026-00368630 PDF
31-12-2024 micro format 09-07-2025 2025-00273842 PDF
31-12-2023 micro format 02-09-2024 2024-00446013 PDF
31-12-2022 micro format 31-07-2023 2023-00293666 PDF
31-12-2021 micro format 16-08-2022 2022-20292381 PDF
31-12-2020 micro format 18-08-2021 2021-49700497 PDF
31-12-2019 micro format 30-10-2020 2020-66900513 PDF
31-12-2018 micro format 28-01-2020 2020-02400197 PDF
31-12-2017 micro format 30-09-2018 2018-67700211 PDF
31-12-2016 full format 30-08-2017 2017-55700403 PDF

Show all 13 filings

Board & ownership

Directors

Directors
1 director, last change in 2022
Alexis MARBAIX
Director (not named in the articles) · appointed in the act of 23-12-2022 · earlier manager, until 23-12-2022 · term without a fixed end · listed in the 2025 annual accounts, filed on 24-07-2026
Current
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Article 12. Pouvoirs de l’organe d’administration. S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
deed of 23-12-2022

Owners and capital

Capital transactions

Capital over time
  1. 23-12-2022 Converted to unavailable equity

Mandate history

1 person, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Alexis MARBAIX
  • Manager, until 23-12-2022
  • Director (not named in the articles), appointed in the act of 23-12-2022, still in office
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.
“Organe d’administration, 1”
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“15, organe d’administration”

Articles of association, deed of 23-12-2022 (in French)

Network & group

MIIC shares no director with another company.

Companies at the same address

1 other company

Connections & network

1 current director
Depth

The network starts from the directors of MIIC. 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: 31-07-2027
2026
24-07
NBB filing Annual accounts 2025 filedNBB
micro format · 7 days before the deadline
2025
31-12
Financial Equity above €1mequity €1.1m ▲9.4%
With a profit in every financial year since 2018, equity grows to €1.1m.
09-07
NBB filing Annual accounts 2024 filedPDF
micro format · 22 days before the deadline
2024
02-09
NBB filing Annual accounts 2023 filedPDF
micro format · 33 days late
2023
31-07
NBB filing Annual accounts 2022 filedPDF
micro format · on the deadline day
2022
31-12
Financial Highest result from 2018 to 2025net €255,433 ▲40.7%
The operating result of €409,490 and the net result of €255,433 are both a record.
31-12
Financial Equity above €500,000equity €669,906 ▲61.2%
With a profit in every financial year since 2018, equity grows to €669,906.
23-12
Gazette deed Company renamed from MARBAIX CONSTRUCT to MIIC
Change of role: Alexis MARBAIX, from manager to director · Net-asset statement · Purpose change14 points ▸
  • General meeting, 20-12-2022
  • Name change, MIIC
  • Other provision, “dispense lecture rapport, article 5:101 du Code des Sociétés et des Associations” (deed in French)
  • Net-asset statement, “3 mois”, EUR (deed in French)
  • Purpose change
  • Amendment of the articles, mentioned 2 times in the deed
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Other provision, “formes et majorités de la modification des statuts, confirmation compte indisponible” (deed in French)
  • Capital
  • Other provision, “compte de capitaux propres statutairement indisponible”, 18600 (deed in French)
  • Director resignation, Alexis MARBAIX (manager)
  • Director appointment, Alexis MARBAIX (director (not named in the articles))
  • The act holds 2 more points.

Open the act in the Belgian Official Gazette

16-08
NBB filing Annual accounts 2021 filedPDF
micro format · 16 days late
2021
31-12
Financial Liquidity more than triplescurrent ratio 5.48
The current ratio rises from 1.73 to 5.48.
18-08
NBB filing Annual accounts 2020 filedPDF
micro format · 18 days late
2020
31-12
Financial Equity above €200,000equity €235,318 ▲24.6%
With a profit in every financial year since 2018, equity grows to €235,318.
Show earlier events
30-10
NBB filing Annual accounts 2019 filedPDF
micro format · 91 days late
28-01
NBB filing Annual accounts 2018 filedPDF
micro format · 181 days late
2019
31-12
Financial Liquidity more than 14 timescurrent ratio 15.39
The current ratio rises from 1.07 to 15.39. Short-term debt falls from €169,477 to €11,393.
2018
30-09
NBB filing Annual accounts 2017 filedPDF
micro format · 61 days late
2017
30-08
NBB filing Annual accounts 2016 filedPDF
full format · 30 days late
2012
18-10
Gazette deed IncorporationPDF
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

MIIC was incorporated on 8 October 2012.1 In 2022 the company took the name MIIC.2 Total assets rose from €333,342 in 2018 to €2.2m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 23-12-2022
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name MIIC in French
Trade name MARBAIX CONSTRUCT in French
Enterprise number 0849.449.685
LEI code 2549005LIGVSZ053I393 live in the LEI register
Legal form Private limited company
Status Active, normale toestand
Founded 08-10-2012
Entity type Legal entity
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, par simple décision de l’organe d’administration, des sièges administratifs, agences, ateliers, dépôts et succursales, tant…”
deed of 23-12-2022 (in French)

Registered office and establishments

Registered office Rue de l'Argentine 64, 1310 La Hulpe, Belgium
Establishment unit MARBAIX CONSTRUCT, Rue de l'Argentine 64, 1310 La Hulpe since 09-10-2012 · unit number 2.214.535.932

Activities

NACEBEL 2025
43120 Site preparation main activity
43211 General electrical installation work
43212 Electrical installation work in industrial facilities
43221 Plumbing work
43222 Installation of electric heating, air conditioning, cooling and ventilation
68121 Development of residential building projects
Codes under NACEBEL 2008
43120 Site preparation main activity
41101 Real estate development
43211 Specialised construction activities
43212 Specialised construction activities
43221 Plumbing
43222 Specialised construction activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Tous les travaux de construction d’habitations et de commerces, la construction de gros œuvres, la transformation et la rénovation de…”
27 activities
  1. Tous les travaux de construction d’habitations et de commerces, la construction de gros œuvres, la transformation et la rénovation de bâtiments;
  2. L’achat, l’échange, la vente, la prise en location et en sous-location, ainsi que la cession en location et en sous-location, le tout avec ou sans option d’achat, l’exploitation et l’entretien de maison, appartements, bureaux, magasins, fonds de commerce, terrains, terres et domaines, et de manière générale, de tous biens immobiliers, ainsi que toutes opérations de financement;
  3. L’exécution de tous travaux de gros œuvres pour le bâtiment: maçonnerie, coffrage, carrelage, marbre et pierre naturelle, pose de toitures, de charpente, plafonnage, menuiserie, peinture, égouttage, cimentage;
  4. Toutes les activités incombant à l’entreprise générale;
  5. Le placement de fondations, le béton armé;
  6. La-rénovation en marbre et pierres taillées;
  7. L’importation, l’exportation, la vente et la location de tous matériaux de construction;
  8. Le parachèvement, le revêtement des murs, le plafonnage, le placement des cloisons en gyproc, le plâtrage, les faux-plafonds acoustiques;
  9. La pose de bloc en plâtre, l'enduisage des murs et plafonds;
  10. Le placement des installations de tuyauterie d’évacuation;
  11. Tous les travaux de toiture; tuiles, ardoises, corniches et tabatières, l’entretien et l’isolation des toitures;
  12. Le placement des charpentes et ossatures métalliques, le placement des échafaudages, la rénovation et l’étanchéité des façades;
  13. Tous travaux de finition, la menuiserie, le placement de portes et châssis, la serrurerie, le placement des cuisines et salles de bain;
  14. Tous les travaux de peinture et décoration à l’intérieur et à l’extérieur et sur tous les supports: murs, plafonds, bois et métal;
  15. L’aménagement des terrasses et jardins en dalles et pierres taillées;
  16. Le rejointage thermique et acoustique, laine de roche et mousse synthétique;
  17. Travaux dans les domaines du zinc, cuivre, roofing, comiches, cheminées, velux, tuiles, ardoises, charpentes, pignons, démoulage, maçonnerie, plafonnage, électricité;
  18. La réparation, le dépannage, l’entretien ainsi que les travaux de toutes natures afférents à la plomberie, aux installations de chauffage et de réfrigération et aux installations sanitaires;
  19. L’importation, l’exportation, l’achat et la vente, la commercialisation, la production, la fabrication, ainsi que le placement de tous produits et matériaux attenants à la plomberie, aux installations de chauffage et de réfrigération et aux installations sanitaires;
  20. Le placement de clôtures, ferronnerie et de menuiserie métallique;
  21. Le placement de paratonnerres;
  22. La pose de chapes, coffrages et terrassement; le ramonage de cheminées, les travaux d’égouts, de pose de câblages et canalisations diverses, l’aménagement de terrain de sport, de parcs et de jardins;
  23. Le commerce en gros de matériaux de construction et entreprise de construction générale, la coordination des travaux à l’exception de toutes activités réglementées qui seront traitées par des sous-traitants;
  24. Le déblayage et nettoyage des chantiers, des bureaux, des homes, des résidences et toutes surfaces commerciales ou industrielles;
  25. Les activités spécialisées de design, dont notamment, création de modèles pour les biens personnels et domestiques, activités de design industriel, activités de design graphique, décoration d'intérieur, décoration d'étalage, autres activités spécialisées de design,
  26. Les activités d'ingénierie et de conseils techniques, sauf activités des géomètres
  27. Le conseil pour les affaires et autres conseils de gestion.
deed of 23-12-2022 (in French)

Invoicing and payment

VAT number BE 0849.449.685
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0849449685
Registered 25-11-2025

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

Register as of 3 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0849.449.685

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Sites & property

Location
registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
288 m²
Building footprint
66 m²
Building volume
610 m³
Cadastral parcel Region Area Buildings Height / floors
25050B0426/00H000 Wallonia 288 m² 1 · 66 m² 10.9 m · 3