MIKA CONSTRUCT
ActiveSummary
MIKA CONSTRUCT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180k and a net result of €914. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 7453 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability52▼-17
Solvency88▲+7
Growth37▼-28
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 2.06 in 2024; short-term debt: 37% and cash: 1.7% of total assets), and 37% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63%
Return on assets
0.3%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
29 d late
2023
71 d late
2022
290 d late
2021
61 d late
2020
92 d late
2019
52 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€483k▼ 52.2%
2024 · €1.01M
2018: €900k
2019: €650k
2020: €1.14M
2021: €1.04M
2022: €1.20M
2023: €905k
2024: €1.01M
2018 → 2025
EBIT margin
2.7%▼ 1.6pp
2024 · 4.3%
2018: 4.9%
2019: 2.6%
2020: 4.5%
2021: 3.8%
2022: 2.8%
2023: 3.2%
2024: 4.3%
2018 → 2025
Net result
€914▼ 97.3%
2024 · €34k
2018: €17k
2019: €10k
2020: €33k
2021: €24k
2022: €19k
2023: €12k
2024: €34k
2018 → 2025
Working capital
€143k▼ 0.1%
2024 · €143k
2018: €20k
2019: €41k
2020: €75k
2021: €100k
2022: €113k
2023: €124k
2024: €143k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.04M-€1.20M▲ 14.5%€905k▼ 24.4%€1.01M▲ 11.5%€483k▼ 52.2%
Equity€114k-€132k▲ 16.5%€145k▲ 9.4%€179k▲ 23.4%€180k▲ 0.5%
Operating result€40k-€33k▼ 16.6%€29k▼ 12.9%€44k▲ 49.9%€13k▼ 70.3%
Net result€24k-€19k▼ 22.4%€12k▼ 33.6%€34k▲ 172%€914▼ 97.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 70% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €285k
Fixed assets
€37k ▼ 10.6%
Current assets
€248k ▼ 10.5%
Equity and liabilities €285k
Equity
€180k ▲ 0.5%
Debt
€106k ▼ 24.6%
Debt's share of the balance-sheet total falls from 43.9% to 37.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▼
2024 · €55k
Cash flow
€7k▼
2024 · €45k
Current ratio
2.35▲
2024 · 2.06
Debt to equity
0.59▼
2024 · 0.78
ROE
0.5%▼
2024 · 19.0%
ROA
0.3%▼
2024 · 10.6%
Interest coverage
4.88▼
2024 · 10.45
Debt ≤ 1 year
€106k▼
2024 · €135k
Income taxes
€8k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€319k€285k▼
Fixed assets21/28€41k€37k▼
Tangible fixed assets22/27€16k€11k▼
Furniture and vehicles24-€1k
Leasing and similar rights25€16k€10k▼
Financial fixed assets28€26k€26k=
Current assets29/58€277k€248k▼
Amounts receivable within one year40/41€273k€243k▼
Trade receivables40€51k€54k▲
Other amounts receivable41€222k€190k▼
Cash at bank and in hand54/58€5k€5k▲
Equity and liabilities
Total equity and liabilities10/49€319k€285k▼
Equity10/15€179k€180k▲
Contributions10/11€19k€19k=
Reserves13€69k€69k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€68k€68k=
Profit (loss) carried forward14€91k€92k▲
Amounts payable17/49€140k€106k▼
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€135k€106k▼
Current portion of amounts payable after more than one year42€9k€8k▼
Financial debts43€23k€9k▼
Credit institutions430/8€23k€9k▼
Trade debts44€103k€88k▼
Suppliers440/4€100k€88k▼
Bills of exchange payable441€3k€248▼
Income statement
Code20242025
Turnover70€1.01M€483k▼
Goods, raw materials, services and sundry goods60/61€963k€473k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€6k▼
Other operating charges640/8€1k€727▼
Gross operating margin9900€56k€20k▼
Operating profit (loss)9901€44k€13k▼
Financial income75/76B€0€57▲
Recurring financial income75€0€57▲
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€38k€9k▼
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€34k€914▼
Profit (loss) for the period to be appropriated9905€34k€914▼
Appropriation of the result
Profit (loss) to be appropriated9906€91k€92k▲
Profit (loss) brought forward from the previous period14P€57k€91k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €914 ▼97.3%
Net result drops to €914, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €34k ▲172%
Net result €34k, the highest in the series.
31-12
Financial
Equity above €150kEq €179k ▲23.4%
7 profitable years in a row build equity to €179k.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 71 days late
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 290 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial
Equity above €100kEq €114k ▲27%
4 profitable years in a row build equity to €114k.
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 92 days late
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 52 days late
2019
19-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 80 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 62 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Ganshoren · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Keizer Karellaan 3801083 GanshorenGround area
405 m²
Building footprint
181 m²
Volume, LiDAR
2,389 m³
2 parcels, Brussels · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
MIKA CONSTRUCT
since 20132.215.765.852
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21392A0068/00G003 | Brussels | 313 m² | 1 · 116 m² | 19.0 m · 5 fl. |
| 21392A0028/00N000 | Brussels | 92 m² | 1 · 65 m² | 16.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BOUWTEAM STROMA
BE 0843.607.515
Maldegem · Eq €179,621
PLESCA CONSTRUCT
BE 0793.365.671
Jabbeke · Eq €179,738
COREMI
BE 0839.628.733
Rixensart · Eq €179,577
BATISOMME
BE 0686.872.935
Somme-Leuze · Eq €179,573
Cerpentier Nico
BE 0425.920.961
Stekene · Eq €179,812
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,317 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded18-12-2012
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43350Other building finishing work
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.