Losses
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Green is investment, beige is depreciation.
In 2025, 2 people joined and 1 left.
The last five annual accounts were filed 11 to 24 days before the end of the period.
Higher solvency than 88% of companies in real estate. Sector median 38.2% · 5,803 companies.
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, micro). It does better than 91% of them on solvency, 65% on liquidity, 18% on profitability and 70% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Liquidity is ample, with a current ratio of 3.02 (2.19 in 2024), above the usual 1.5. Short-term debt is 7.7% and cash 3.6% of total assets. 7.7% of the assets are financed with debt and provisions.
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.
The company filed its last 6 accounts on average 20 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Shares in 1 company, Miix Holding
Board & ownership| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Miix Deinze | €2.7m | €167,193 | 92.3% | 2.3 |
| BCMG Mechelen | €2.2m | €183,274 | -0.7% | 2.4 |
| NEW TECH PROJECTS Tongeren-Borgloon | €2.5m | €292,346 | 21.6% | 2 |
| HEXAGON Roeselare | €2.6m | €302,727 | 3.3% | 2.9 |
| D&D Projectbouw Eeklo | €2.9m | €251,424 | 8.4% | 1.9 |
| Stilix Evergem | €1.2m | €137,608 | 10.8% | 1.8 |
| PIRON REAL ESTATE Aalter | €3.6m | €375,839 | 28.6% | 2 |
These companies have the same main activity as Miix: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €1.2m and €3.6m, founded between 2015 and 2021.
Solvency rose in 2025 from 84.8% to 92.3% because of a capital increase and lower debts.
In February 2026, the Official Gazette published the appointment of I FEEL REAL as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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