MIIC
ActiveSummary
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
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- 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
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
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)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 13 filings
Every figure per financial year
The operating result for 2025 is 5% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| 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)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| 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.
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
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.
| 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 | |
| 31-12-2024 | micro format | 09-07-2025 | 2025-00273842 | |
| 31-12-2023 | micro format | 02-09-2024 | 2024-00446013 | |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00293666 | |
| 31-12-2021 | micro format | 16-08-2022 | 2022-20292381 | |
| 31-12-2020 | micro format | 18-08-2021 | 2021-49700497 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66900513 | |
| 31-12-2018 | micro format | 28-01-2020 | 2020-02400197 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-67700211 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-55700403 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 23-12-2022 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Alexis MARBAIX |
|
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 companyConnections & network
1 current directorThe network starts from the directors of MIIC. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
23-12
Gazette deed
Company renamed from MARBAIX CONSTRUCT to MIICChange 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.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
27 activities
- Tous les travaux de construction d’habitations et de commerces, la construction de gros œuvres, la transformation et la rénovation de bâtiments;
- 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;
- 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;
- Toutes les activités incombant à l’entreprise générale;
- Le placement de fondations, le béton armé;
- La-rénovation en marbre et pierres taillées;
- L’importation, l’exportation, la vente et la location de tous matériaux de construction;
- Le parachèvement, le revêtement des murs, le plafonnage, le placement des cloisons en gyproc, le plâtrage, les faux-plafonds acoustiques;
- La pose de bloc en plâtre, l'enduisage des murs et plafonds;
- Le placement des installations de tuyauterie d’évacuation;
- Tous les travaux de toiture; tuiles, ardoises, corniches et tabatières, l’entretien et l’isolation des toitures;
- Le placement des charpentes et ossatures métalliques, le placement des échafaudages, la rénovation et l’étanchéité des façades;
- Tous travaux de finition, la menuiserie, le placement de portes et châssis, la serrurerie, le placement des cuisines et salles de bain;
- Tous les travaux de peinture et décoration à l’intérieur et à l’extérieur et sur tous les supports: murs, plafonds, bois et métal;
- L’aménagement des terrasses et jardins en dalles et pierres taillées;
- Le rejointage thermique et acoustique, laine de roche et mousse synthétique;
- Travaux dans les domaines du zinc, cuivre, roofing, comiches, cheminées, velux, tuiles, ardoises, charpentes, pignons, démoulage, maçonnerie, plafonnage, électricité;
- 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;
- 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;
- Le placement de clôtures, ferronnerie et de menuiserie métallique;
- Le placement de paratonnerres;
- 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;
- 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;
- Le déblayage et nettoyage des chantiers, des bureaux, des homes, des résidences et toutes surfaces commerciales ou industrielles;
- 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,
- Les activités d'ingénierie et de conseils techniques, sauf activités des géomètres
- Le conseil pour les affaires et autres conseils de gestion.
Invoicing and payment
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 NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25050B0426/00H000 | Wallonia | 288 m² | 1 · 66 m² | 10.9 m · 3 |