Checked.be
Active
BE 0421.228.834Private limited company (pre-2019)
MIJADE
Rue de l'Ouvrage 16-18 ·5000 Namur, Belgium· 45 yrs active
Sector: Book publishing
(58110)
Conclusion
MIJADE has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.67M and a net result of €483k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 72% of 213 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €2.67M |
| Net result | €483k |
| Staff (FTE) | 3.4 |
| Better than sector | 72% |
Financial profile
87
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
90
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1981, 45 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€250k
estimate, not credit advice
Score history
93
2021
93
2022
100
2023
93
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.00 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.67 (≥ 1.0)
+5
Leverage
Debt/equity 0.49 (< 1.0)
+10
Profitability
ROE 18% (≥ 10%)
+10
Interest coverage
Interest coverage 19.3× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 16-07-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~10.1%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 58, Publishing activities · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 67.2% | 40.2% | |
| Net result | €483k | €8k | |
| Equity | €2.67M | €373k | |
| Gross operating margin | €986k | €201k | |
| Staff costs | €231k | €521k |
€731k
-9.1%
21-24
€483k
-14.7%
21-24
€507k
-14.9%
21-24
€3.98M
+12.3%
21-24
€2.67M
+5.0%
21-24
€2.55M
+5.4%
21-24
3
-29.2%
21-24
€231k
-25.3%
21-24
€254k
+8.1%
21-24
€340k
+15.3%
21-24
€1.31M
+31.0%
21-24
€1.28M
+29.7%
21-24
3.00
-13.3%
21-24
2.67
-12.9%
21-24
67.2%
-6.5%
21-24
0.49
+24.7%
21-24
18.0%
-18.8%
21-24
12.1%
-24.0%
21-24
19.30
-63.8%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €731k | €803k | €614k | €918k |
| Net profit | €483k | €566k | €411k | €624k |
| Cash flow | €507k | €595k | €452k | €665k |
| Staff costs | €231k | €310k | €326k | €255k |
| Income taxes | €254k | €235k | €160k | €253k |
| Dividends | €340k | €295k | €180k | €250k |
| Total assets | €3.98M | €3.54M | €3.21M | €2.94M |
| Equity | €2.67M | €2.55M | €2.29M | €2.06M |
| Debt | €1.31M | €997k | €922k | €884k |
| of which ≤ 1y | €1.28M | €985k | €909k | €866k |
| of which > 1y | - | - | - | - |
| Working capital | €2.55M | €2.42M | €2.16M | €1.91M |
| Employees (FTE) | 3.4 | 4.8 | 5.3 | 4.8 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 3.00 | 3.46 | 3.38 | 3.20 |
| Quick ratio | 2.67 | 3.06 | 2.91 | 2.80 |
| Working capital ratio | 64.1% | 68.4% | 67.3% | 64.8% |
| Solvency | 67.2% | 71.9% | 71.3% | 70.0% |
| Debt / equity | 0.49 | 0.39 | 0.40 | 0.43 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 19.30 | 53.33 | 49.76 | 70.41 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 12.1% | 16.0% | 12.8% | 21.2% |
| ROE | 18.0% | 22.2% | 17.9% | 30.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €3.98M | €3.54M | €3.21M | €2.94M |
| Fixed assets | 21/28 | €150k | €136k | €141k | €171k |
| Tangible fixed assets | 22/27 | €150k | €136k | €141k | €171k |
| Financial fixed assets | 28 | €5 | €5 | €5 | €5 |
| Current assets | 29/58 | €3.83M | €3.41M | €3.07M | €2.77M |
| Stocks & contracts in progress | 3 | €423k | €392k | €428k | €343k |
| Amounts receivable within one year | 40/41 | €687k | €814k | €711k | €884k |
| Cash & bank | 54/58 | €2.70M | €2.17M | €1.92M | €1.54M |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.98M | €3.54M | €3.21M | €2.94M |
| Equity | 10/15 | €2.67M | €2.55M | €2.29M | €2.06M |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k |
| Reserves | 13 | €2.60M | €2.46M | €2.19M | €1.96M |
| Accumulated profits (losses) | 14 | €13k | €24k | €38k | €38k |
| Amounts payable | 17/49 | €1.31M | €997k | €922k | €884k |
| Amounts payable within one year | 42/48 | €1.28M | €985k | €909k | €866k |
| Trade debts payable within one year | 44 | €330k | €397k | €460k | €496k |
| Income statement | |||||
| Gross operating margin | 9900 | €986k | €1.14M | €968k | €1.21M |
| Operating result | 9901 | €707k | €774k | €573k | €877k |
| Financial income | 75 | €68k | €42k | €10k | €13k |
| Financial charges | 65 | €38k | €15k | €12k | €13k |
| Result before taxes | 9903 | €736k | €800k | €571k | €877k |
| Income taxes | 67/77 | €254k | €235k | €160k | €253k |
| Net result for the period | 9904 | €483k | €566k | €411k | €624k |
| Result to be appropriated | 9905 | €483k | €566k | €411k | €624k |
Legal Structure
| NACE primary | Book publishing(58110) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 29-01-1981 |
| Status | Active |
| Postal code | 5000 |
Establishment units
Rue de l'Ouvrage 18, 5000 Namur
since 19812.018.393.024
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92094C1333/00A000 | Wallonia | 158 m² | 2 · 114 m² | 16.9 m · 5 fl. |
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.
Updates
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €411k ▼34.1%
Net result drops to €411k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 7 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail trade47620Retail sale of newspapers and periodicals4762152470Book publishing58110
Names & trade names
| Legal nameFR | MIJADE |
Similar companies
Transkript
BE 0422.603.660 · Asse
ANTIGONE
BE 0479.148.821 · Elsene
IPS - Snoecks
BE 0427.681.116 · Gent
European Resuscitation Council
BE 0461.204.217 · Niel
CLAVIS
BE 0421.180.334 · Hasselt