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MIKA CONSTRUCT

Active Coöperatieve vennootschap met beperkte aansprakelijkheidfounded 2012active for 13 yearsKeizer Karellaan 380, 1083 GanshorenKBO/BCE: BE 0508.514.976
MIKA CONSTRUCT
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Overview

Lifetime

13 annual accounts with figures on one time axis
peak €1.2m (2022)
€482,530▼ 52.2%
peak €33,944 (2024)
€914▼ 97.3%
peak €179,669 (2025)
€179,669▲ 0.5%
€105,563▼ 24.6%
Documentsfilings and deeds
10-07-202621 days before the deadline
2025micro format
Turnover from €1.0m to €482,530Gross margin from €56,390 to €20,065Result from €33,944 to €914Debts from €140,002 to €105,563

Key points

from the 2025 annual accounts

Equity

€179,669 ▲ 0.5%

MIKA CONSTRUCT has made a profit in every financial year since 2013.

Turnover

€482,530 ▼ 52.2%
€1m2024€483,0002025

Turnover fell in 2025 from €1.0m to €482,530.

Payment terms

68 days to suppliers
Suppliers
39 to 68
Customers
18 to 41

MIKA CONSTRUCT pays its suppliers 29 days later than in 2024. Customers pay 23 days later.

Checked score

54
Fair
Financially stronger than 39% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 2.4% 01-2025: 2.4%● unchanged vs 12-2024 02-2025: 2.4%● unchanged vs 01-2025 03-2025: 2.4%● unchanged vs 02-2025 04-2025: 2.4%● unchanged vs 03-2025 05-2025: 2.4%● unchanged vs 04-2025 06-2025: 2.3%▼ -0.1 percentage points vs 05-2025 07-2025: 2.5%▲ +0.2 percentage points vs 06-2025 08-2025: 2.9%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 1.9%▼ -1.0 percentage point vs 08-2025 10-2025: 1.9%● unchanged vs 09-2025 11-2025: 1.9%● unchanged vs 10-2025 12-2025: 1.9%● unchanged vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026 03-2026: 1.8%▼ -0.1 percentage points vs 02-2026 04-2026: 1.8%● unchanged vs 03-2026 05-2026: 1.8%● unchanged vs 04-2026 06-2026: 1.8%● unchanged vs 05-2026 07-2026: 1.7%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 1.9%▲ +0.2 percentage points vs 07-2026 09-2026: 1.9%● unchanged vs 08-2026 10-2026: 1.9%● unchanged vs 09-2026 11-2026: 1.9%● unchanged vs 10-2026

Financial strength
Average

88+7equity 63.0% of total assets
35+3short-term debt 37.0% · cash 1.7%
52-17return on assets 0.3%

Score breakdown

raises risk
1 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Size: turnover €482,530, total assets €285,232
lowers risk
Founded in 2012
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 41, micro). It does better than 72% of them on solvency, 31% on liquidity, 30% on profitability and 23% on growth.

The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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).

Comparable companies, two years later

In July 2024, 10,904 companies had the same profile as MIKA CONSTRUCT has now. Each dot stands for 28 companies, two years later.

95.1%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MIKA CONSTRUCT itself is higher: 1.9% within 12 months. It rests on far more data about MIKA CONSTRUCT than the profile alone.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 10,904 companies, not a prediction for MIKA CONSTRUCT. 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.

Credit verdict

Credit of up to €9,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.35 (2.06 in 2024), above the usual 1.5. Short-term debt is 37% and cash 1.7% of total assets. 37% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

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.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · 1 of the last 3 accounts late
NBB · filings
raises risk · Sector: Construction of residential and non-residential buildings (NACE 41)
KBO
raises risk · Size: turnover €482,530, total assets €285,232
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 2012
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
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 filings
Deviation from the deadline
2025
21 days early
2024
29 days late
2023
71 days late
2022
290 days late
2021
61 days late
2020
92 days late
2019
52 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 82 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 accounts filed within 82 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0508514976
First establishment MIKA CONSTRUCT, Negen Provincieslaan 20, Ganshoren
Incorporation published on 31-12-2012 · Gazette deed
All 20 events

Comparable companies

same main activity, similar in size and age
Company
MIKA CONSTRUCT Ganshoren €285,232 €20,065 63.0% -
Group Renovabel Schaerbeek €262,723 €17,950 55.9% -
PAGGEN Voeren €269,836 €18,558 67.1% -
I FAIR Dendermonde €280,879 €22,815 12.2% -
A.A. CONSTRUCT Kraainem €253,767 €24,545 76.0% -
TELECOM SECURITY Gerpinnes €284,769 €24,585 59.2% -
WINESPOT Beersel €246,238 €19,984 16.7% -

These companies have the same main activity as MIKA CONSTRUCT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €246,000 and €285,000, founded between 2010 and 2014.

Official details

Source: KBO
Status
Active since 18-12-2012Normal situation
Activity
General construction of residential buildingsNACE 41001and 2 others
Establishment unit
2.215.765.8521083 Ganshoren, since 11-01-2013
Financial year end
31 December
Peppol
Reachable since 30-12-2025
Company details

Annual accounts 2025

€482,530▼ 52.2%
€914▼ 97.3%
€179,669▲ 0.5%
€285,232▼ 10.5%
Filing
Filed on 10-07-2026, 21 days before the end of the filing period
Financials

Insights on MIKA CONSTRUCT

MIKA CONSTRUCT has existed since 2012. In 2015 turnover rose from €202,407 to €847,489.

Solvency rose in 2025 from 56.1% to 63.0% because of the retained profit and lower debts.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 10-07-2026, 21 days before the deadline
€482,530
▼ 52.2%
€12,965
▼ 70.3%
€19,339
▼ 64.9%
€7,288
▼ 84.0%
63.0%
▲ 6.9 percentage points
2.35
▲ 0.29

Money flows

of every €100 of turnover, €0.19 remains as profit in 2025

Balance sheet

balance sheet total €285,232 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

63.0%

Higher than 71% of 9,462 companies in 2025.

2.35

Higher than 65% of 9,210 companies in 2025.

0.3%

Higher than 27% of 9,282 companies in 2025.

MIKA CONSTRUCT Middle half of the sector 80% of the sector Micro accounts in construction of buildings (NACE 41)

Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201520142013
Balance sheet: assets
20/58 285,232318,757270,807409,774245,233384,371279,852366,362324,547306,802263,54958,70234,722
21/28 37,06941,46132,28846,78937,97955,60458,98461,68149,37153,13743,59414,204-
22/27 11,31915,71131,53846,03937,22954,85458,23460,93149,12153,13743,59414,204-
23 ------3807605,22911,88615,9575,772-
24 1,321-5,94010,5558,5325,8064,1427,79916,9413,4144,8168,432-
25 9,99815,71125,59735,48428,698--------
28 25,75025,750750750750750750750250----
29/58 248,163277,296238,520362,985207,254328,766220,868304,681275,176253,665219,95544,49834,722
40/41 243,404272,553226,417348,065187,914294,553213,940298,777242,708236,498219,35444,49832,961
40 53,72450,68344,882154,86629,63195,05812,45354,47532,41535,813126,72717,06132,961
41 189,680221,870181,535193,199158,283199,495201,487244,301210,293200,68592,62727,437-
54/58 4,7594,74312,10214,91919,34034,2146,9285,90432,46815,667601-1,761
490/1 ---------1,500---
Balance sheet: equity and liabilities
10/49 285,232318,757270,807409,774245,233384,371279,852366,362324,547306,802263,54958,70234,722
10/15 179,669178,755144,811132,345113,57389,39756,13834,22617,20618,92516,51510,0577,924
10/11 18,60018,60018,60018,60018,60018,60018,6006,2006,2006,2006,2006,2006,200
10 --18,60018,60018,600--------
100 --18,60018,60018,60018,60018,60018,60018,60018,60018,60018,60018,600
101 -------12,40012,40012,40012,40012,40012,400
13 69,36069,36069,36069,36054,36031,8601,8601,8601,8601,8601,8601,8601,724
130/1 1,8601,8601,8601,8601,8601,860-------
130 --1,8601,8601,8601,8601,8601,8601,8601,8601,8601,8601,724
1311 1,8601,860-----------
133 67,50067,50067,50067,50052,50030,000-------
14 91,70990,79556,85144,38540,61338,93735,67826,1669,14610,8658,4551,997-
17/49 105,563140,002125,996277,428131,660294,973223,714332,136307,341287,877247,03548,64526,798
17 -5,38911,56427,75024,74540,94143,80046,95925,71125,35315,212--
170/4 -5,38911,56427,75024,74540,94143,80046,95925,71125,35315,212--
42/48 105,563134,613114,432249,679106,915254,032179,914285,177281,630262,524231,73348,64526,798
42 7,9638,76012,96023,19018,14223,85126,22921,875115,55899,4515,482--
43 9,18923,03120,06223,8184521,3631,8464,0973,7492,0314,6535,116-
430/8 9,18923,03118,38023,8184521,3631,8464,0973,7492,0314,6535,116-
439 --1,682----------
44 88,411102,82281,410202,12985,259219,348147,765244,378150,129149,156209,28341,07025,195
440/4 88,16299,71381,410202,12982,13983,971140,412189,25285,30382,47692,11041,0702,130
441 2483,109--3,120135,3777,35355,12664,82666,679117,173-23,064
45 ---5423,0629,4704,07414,82612,19411,88712,3162,4591,603
450/3 ---5423,0629,4704,07414,82612,19411,8879,0522,4591,603
454/9 ----------3,264--
492/3 ----------90--
Income statement
70 482,5301.0m904,6021.2m1.0m1.1m650,212899,902807,801682,316847,489202,407143,230
76A ---12,766-25,485-------
9900 20,06556,39058,72164,71968,69283,30148,04886,22952,18738,24728,5238,8053,562
60/61 473,412963,342845,8821.1m988,9911.1m625,859860,906782,064668,236825,909193,509139,064
630 6,37411,5192,36527,74824,43928,97331,03841,84527,41223,37415,6135,788-
640/8 7271,26927,2613,5724,2303,706--2,1193,296793412784
66A -----2,142-------
9901 12,96543,60229,09433,39940,02350,62217,01044,38422,65611,57712,1182,6052,778
75/76B 5700----18-27127-3
75 5700----18-27127-3
65/66B 3,9625,2756,6294,6273,1812,1422,7934,2888,5164,3522,1664721,057
65 3,9625,2756,6294,6273,181-2,7934,2888,5164,3522,1664721,057
66B -----2,142-------
9903 9,06038,32722,46628,77236,84248,48014,21740,11414,1407,25210,0782,1331,724
67/77 8,1464,38310,00010,00012,66615,2204,70523,0955,8584,8423,620--
9904 91433,94412,46618,77224,17633,2609,51217,0208,2822,4106,4582,1331,724
9905 91433,94412,46618,77224,17633,2609,51217,0208,2822,4106,4582,1331,724
Appropriation of the result
9906 91,70990,79556,85159,38563,11368,93735,67826,16619,14610,8658,4552,1331,724
14P 90,79556,85144,38540,61338,937--------
691/2 ---15,00022,50030,000-----1361,724
6920 -----------1361,724
6921 ---15,00022,50030,000-------
694/7 --------10,000----
694 --------10,000----
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 10-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 10-07-2026 2026-00281978 PDF
31-12-2024 micro format 29-08-2025 2025-00430896 PDF
31-12-2023 full format 10-10-2024 2024-00506472 PDF
31-12-2022 full format 16-05-2024 2024-00088854 PDF
31-12-2021 full format 30-09-2022 2022-20446328 PDF
31-12-2020 full format 31-10-2021 2021-76600369 PDF
31-12-2019 full format 21-09-2020 2020-54800177 PDF
31-12-2018 full format 19-10-2019 2019-71100052 PDF
31-12-2017 full format 01-10-2018 2018-68700464 PDF
31-12-2016 full format 31-08-2017 2017-60100535 PDF
31-12-2015 full format 29-09-2016 2016-63800039 PDF
31-12-2014 full format 08-08-2015 2015-42200283 PDF
31-12-2013 full format 30-08-2014 2014-57600139 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201520142013
19,33955,12131,46061,14664,46179,59548,04886,22950,06834,95127,7308,393-
7,28845,46314,83146,52048,61562,23340,55058,86535,69325,78422,0717,921-
1,98225,00010,81936,55835,34025,59428,34054,15523,64632,91645,00319,992-
16-7,360-2,817-4,421-14,87327,2861,024-26,56316,80115,066---
142,600142,683124,088113,306100,33974,73440,95419,504-6,454-8,860-11,778-4,1477,924
2.7%4.3%3.2%2.8%3.8%4.5%2.6%4.9%2.8%1.7%1.4%1.3%1.9%
63.0%56.1%53.5%32.3%46.3%23.3%20.1%9.3%5.3%6.2%6.3%17.1%22.8%
2.352.062.081.451.941.291.231.070.980.970.950.911.30
0.590.780.872.101.163.303.999.7017.8615.2114.964.843.38
0.5%19.0%8.6%14.2%21.3%37.2%16.9%49.7%48.1%12.7%39.1%21.2%21.8%
0.3%10.6%4.6%4.6%9.9%8.7%3.4%4.6%2.6%0.8%2.5%3.6%5.0%
4.8810.454.7513.2220.27--------
41 days18 days18 days47 days10 days31 days7 days22 days15 days19 days55 days31 days84 days
68 days39 days35 days64 days31 days74 days86 days104 days70 days81 days92 days77 days66 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€1,982-€10,819€36,558€35,340
Financial fixed assets-€25,000---
€6,374€11,519€2,365€27,748€24,439

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MIKA CONSTRUCT

The operating result for 2025 is 70% lower than in 2024 and the lowest since 2016.

Debt's share of the balance-sheet total falls from 43.9% to 37.0%. Equity is higher and debt is lower.

Network & group

No group

MIKA CONSTRUCT has no parent and no holdings in its annual accounts.

At the same address

Keizer Karellaan 380, 1083 Ganshoren · 2 other companies
MIKA & ART
registered office since 03-03-2011 · founded in 2011
 turnover €1.6m (2025)
0834.257.705
Botezatu, Mihaela (sole trader)
establishment since 01-10-2022
 founded in 2022
0791.710.832

Timeline

Timeline

20 events since 2012

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 21 days before the deadline
2025
Weakest financial year net €914 ▼97.3% The net result drops to €914, the lowest from 2013 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0508514976
Annual accounts 2024 filed PDFmicro format · 29 days late
2024
Highest result from 2013 to 2025 net €33,944 ▲172% The net result of €33,944 is the highest of those years.
Equity above €150,000 equity €178,755 ▲23.4% Equity rises from €144,811 to €178,755.
Annual accounts 2023 filed PDFfull format · 71 days late
Annual accounts 2022 filed PDFfull format · 290 days late
2022
Annual accounts 2021 filed PDFfull format · 61 days late
2021
Equity above €100,000 equity €113,573 ▲27% Equity rises from €89,397 to €113,573.
Annual accounts 2020 filed PDFfull format · 92 days late
2020
Annual accounts 2019 filed PDFfull format · 52 days late
2019
Annual accounts 2018 filed PDFfull format · 80 days late
2018
Annual accounts 2017 filed PDFfull format · 62 days late
2017
Annual accounts 2016 filed PDFfull format · 31 days late
2016
Annual accounts 2015 filed PDFfull format · 60 days late
2015
Annual accounts 2014 filed PDFfull format · 8 days late
2014
Annual accounts 2013 filed PDFfull format · 30 days late
2013
First establishment MIKA CONSTRUCT, Negen Provincieslaan 20, Ganshoren
2012
Incorporation PDFpublished on 31-12-2012

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

MIKA CONSTRUCT was incorporated on 18 December 2012.1 Turnover fell from €899,902 in 2018 to €482,530 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0508.514.976
VAT number
BE 0508.514.976
Peppol ID
0208:0508514976
Legal form
Coöperatieve vennootschap met beperkte aansprakelijkheid
Status
Active, normal situation
Founded
18-12-2012
Financial year
ends on 31 December
Peppol
Reachable since 30-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MIKA CONSTRUCT in French
Entity type
Legal entity

Activities

NACEBEL 2025
41001 General construction of residential buildings main activity
43350 Other building finishing work
81210 General cleaning of buildings
Codes under NACEBEL 2008
41201 General construction of buildings main activity
43390 Specialised construction activities
81210 General cleaning of buildings

Registered office and establishments

1 establishment
Establishment Since Unit number
Keizer Karellaan 380 registered office 1083 Ganshoren
MIKA CONSTRUCT Negen Provincieslaan 20, 1083 Ganshoren 4100101 General construction of residential buildings 11-01-2013 2.215.765.852

Buildings and parcels at the addresses

Ground area
405 m²
Buildings
181 m²
Volume, LiDAR
2,389 m³
Tallest building
19.0 m
Buildings to scale, each on its own parcel
116 m², 19.0 m 65 m², 16.5 m 116 m², 19.0 m 65 m², 16.5 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
21392A0068/00G003313 m² 1 · 116 m² 19.0 m · 5
21392A0028/00N00092 m² 1 · 65 m² 16.5 m · 4

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 0508.514.976

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