Summary
MIK is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.65M and a net result of €201k. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 29% of 5547 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
7 d early
2023
5 d early
2022
17 d early
2021
17 d early
2020
36 d early
2019
22 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.65M▲ 13.9%
2024 · €1.45M
Net result
€201k▲ 35.9%
2024 · €148k
Total assets
€5.74M▼ 7.6%
2024 · €6.21M
Solvency
28.7%▲ 5.4pp
2024 · 23.3%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€226k▲ 212%€248k▲ 10.1%€247k▼ 0.7%€447k▲ 81.1%€486k▲ 8.8%
Net result€121k▲ 888%€143k▲ 18.0%€9k▼ 94.0%€148k▲ 1,618%€201k▲ 35.9%
Equity€1.15M▲ 11.8%€1.29M▲ 12.5%€1.30M▲ 0.7%€1.45M▲ 11.4%€1.65M▲ 13.9%
Total assets€6.95M▼ 4.8%€6.70M▼ 3.7%€6.24M▼ 6.8%€6.21M▼ 0.5%€5.74M▼ 7.6%
Debt€5.81M▼ 7.5%€5.41M▼ 6.9%€4.94M▼ 8.6%€4.77M▼ 3.6%€4.05M▼ 15.1%
Working capital€-2.18M▲ 8.8%€-1.94M▲ 11.0%€-1.88M▲ 3.1%€-3.35M▼ 78.4%€-1.16M▲ 65.4%
Solvency16.5%▲ 2.4pp19.2%▲ 2.8pp20.8%▲ 1.5pp23.3%▲ 2.5pp28.7%▲ 5.4pp
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 9% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.74M
Fixed assets
€4.58M ▼ 6.5%
Current assets
€1.17M ▼ 11.6%
Equity and liabilities €5.74M
Equity
€1.65M ▲ 13.9%
Provisions
€47k
Debt
€4.05M ▼ 15.1%
Debt's share of the balance-sheet total falls from 76.7% to 70.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
12.2%▲
2024 · 10.2%
ROA
3.5%▲
2024 · 2.4%
Debt ≤ 1 year
€2.32M▼
2024 · €4.67M
Debt > 1 year
€1.70M▲
2024 · €160
Income taxes
€41k▼
2024 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €341k | €199k | ▼ 41.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €298k | €298k | €302k | €288k | €264k | ▼ 8.4% |
| Other operating charges640/8 | €22k | €20k | €26k | €28k | €39k | ▲ 40.8% |
| Gross operating margin9900 | €546k | €566k | €574k | €762k | €789k | ▲ 3.5% |
| Operating profit (loss)9901 | €226k | €248k | €247k | €447k | €486k | ▲ 8.8% |
| Financial income75/76B | €50k | €56k | €24k | €20 | €40 | ▲ 100% |
| Recurring financial income75 | €50k | €56k | €24k | €20 | €40 | ▲ 100% |
| Financial charges65/66B | €108k | €110k | €217k | €245k | €197k | ▼ 19.7% |
| Recurring financial charges65 | €108k | €110k | €217k | €245k | €197k | ▼ 19.7% |
| Profit (loss) for the period before taxes9903 | €168k | €195k | €53k | €202k | €289k | ▲ 43.5% |
| Transfer from deferred taxes780 | - | - | - | - | €2k | - |
| Transfer to deferred taxes680 | - | - | - | - | €50k | - |
| Income taxes67/77 | €47k | €52k | €45k | €54k | €41k | ▼ 23.4% |
| Profit (loss) for the period9904 | €121k | €143k | €9k | €148k | €201k | ▲ 35.9% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €7k | - |
| Transfer to tax-exempt reserves689 | - | - | - | - | €149k | - |
| Profit (loss) for the period to be appropriated9905 | €121k | €143k | €9k | €148k | €60k | ▼ 59.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.95M | €6.70M | €6.24M | €6.21M | €5.74M | ▼ 7.6% |
| Fixed assets21/28 | €5.98M | €5.68M | €5.45M | €4.89M | €4.58M | ▼ 6.5% |
| Tangible fixed assets22/27 | €5.98M | €5.68M | €5.45M | €4.89M | €4.58M | ▼ 6.5% |
| Land and buildings22 | €5.70M | €5.46M | €5.21M | €4.70M | €4.44M | ▼ 5.7% |
| Plant, machinery and equipment23 | €270k | €221k | €236k | €186k | €140k | ▼ 24.5% |
| Furniture and vehicles24 | €1k | €1k | €802 | €534 | €267 | ▼ 50.0% |
| Assets under construction and advance payments27 | - | €2k | €2k | €2k | €0 | ▼ 100% |
| Current assets29/58 | €976k | €1.02M | €794k | €1.32M | €1.17M | ▼ 11.6% |
| Amounts receivable after more than one year29 | €9k | €9k | €9k | €9k | €9k | = |
| Other amounts receivable291 | €9k | €9k | €9k | €9k | €9k | = |
| Amounts receivable within one year40/41 | €2k | €6k | €8k | €4k | €15k | ▲ 292% |
| Trade receivables40 | €2k | €6k | €8k | €4k | €15k | ▲ 292% |
| Current investments50/53 | €857k | €731k | €607k | €607k | €607k | = |
| Cash at bank and in hand54/58 | €103k | €270k | €169k | €699k | €536k | ▼ 23.4% |
| Deferred charges and accrued income490/1 | €6k | - | €925 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.95M | €6.70M | €6.24M | €6.21M | €5.74M | ▼ 7.6% |
| Equity10/15 | €1.15M | €1.29M | €1.30M | €1.45M | €1.65M | ▲ 13.9% |
| Contributions10/11 | €850k | €850k | €850k | €850k | €850k | = |
| Reserves13 | €296k | €439k | €448k | €596k | €797k | ▲ 33.8% |
| Tax-exempt reserves132 | - | - | - | - | €141k | - |
| Distributable reserves133 | €296k | €439k | €448k | €596k | €655k | ▲ 10.0% |
| Provisions and deferred taxes16 | - | - | - | - | €47k | - |
| Deferred taxes168 | - | - | - | - | €47k | - |
| Amounts payable17/49 | €5.81M | €5.41M | €4.94M | €4.77M | €4.05M | ▼ 15.1% |
| Amounts payable after more than one year17 | €2.60M | €2.40M | €2.20M | €160 | €1.70M | ▲ 1,062,400% |
| Financial debts170/4 | €2.60M | €2.40M | €2.20M | - | €1.70M | - |
| Other amounts payable178/9 | €0 | €160 | €160 | €160 | - | - |
| Amounts payable within one year42/48 | €3.15M | €2.95M | €2.67M | €4.67M | €2.32M | ▼ 50.2% |
| Current portion of amounts payable after more than one year42 | €200k | €200k | €200k | €2.20M | €250k | ▼ 88.6% |
| Trade debts44 | €73k | €97k | €66k | €61k | €5k | ▼ 91.2% |
| Suppliers440/4 | €73k | €97k | €66k | €61k | €5k | ▼ 91.2% |
| Taxes, remuneration and social security45 | - | €49k | €49k | €50k | €77k | ▲ 53.3% |
| Taxes450/3 | - | €49k | €49k | €50k | €77k | ▲ 53.3% |
| Other amounts payable47/48 | €2.88M | €2.61M | €2.36M | €2.35M | €1.99M | ▼ 15.4% |
| Accrued charges and deferred income492/3 | €55k | €56k | €72k | €100k | €25k | ▼ 74.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €121k | €143k | €9k | €148k | €201k | ▲ 35.9% |
| + Depreciation and write-downs630 | €298k | €298k | €302k | €288k | €264k | ▼ 8.4% |
| Operating cash flow (approximation) | €419k | €441k | €310k | €436k | €465k | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | €-2k | €-68k | €265k | €53k | ▼ 79.9% |
| Change in cash | - | €167k | €-101k | €530k | €-164k | ▼ 131% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €201k ▲35.9%
Operating result €486k, net result €201k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €9k ▼94%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1MEq €1.01M ▲17.2%
2 profitable years in a row build equity to €1.01M.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 17 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Sint-Pieters-Woluwe · 1 establishment unit since 2010
Ground area
7,821 m²
Building footprint
865 m²
Volume, LiDAR
5,374 m³
2 parcels, Brussels, Flanders · tallest building 20.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Pierre Marchandstraat 1, 1970 Wezembeek-Oppem
since 20102.188.351.375
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21682C0025/00H000 | Brussels | 5,772 m² | 1 · 627 m² | 20.3 m · 2 fl. |
| 22302C0086/00G003 | Flanders | 2,049 m² | 1 · 237 m² | 16.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,730 companies in sector 64210 we hold annual accounts for 19,766. 11,484 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-05-2010
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.