MIKADO
ActiveMIKADO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €155k and a net result of €2k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 86% of 18207 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▼-1
Solvency100▲+9
Growth32=
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 3.47 against 2.38 in 2024; short-term debt: 21.3% and cash: 6.3% of total assets), and 21.3% 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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
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
78.7%
Return on assets
0.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
5 d late
2023
31 d early
2022
16 d early
2021
34 d early
2020
3 d early
2019
30 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€155k▲ 1.0%
2024 · €153k
2018: €182k
2019: €189k
2020: €199k
2021: €175k
2022: €171k
2023: €149k
2024: €153k
2018 → 2025
Total assets
€197k▼ 14.8%
2024 · €231k
2018: €433k
2019: €414k
2020: €394k
2021: €329k
2022: €279k
2023: €225k
2024: €231k
2018 → 2025
Net result
€2k▼ 67.3%
2024 · €5k
2018: €8k
2019: €7k
2020: €10k
2021: €-23k
2022: €-4k
2023: €-22k
2024: €5k
2018 → 2025
Working capital
€103k▼ 3.1%
2024 · €107k
2018: €-15k
2019: €-9k
2020: €2k
2021: €150k
2022: €146k
2023: €118k
2024: €107k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€175k-€171k▼ 2.6%€149k▼ 13.0%€153k▲ 3.1%€155k▲ 1.0%
Operating result€42k-€5k▼ 89.2%€-21k€6k€398▼ 92.9%
Net result€-23k-€-4k▲ 80.9%€-22k▼ 397%€5k€2k▼ 67.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €197k
Fixed assets
€52k▲ 10.4%
Current assets
€145k▼ 21.1%
Equity and liabilities €197k
Equity
€155k▲ 1.0%
Debt
€42k▼ 46.0%
The debt ratio falls from 33.5% to 21.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k▲
2024 · €14k
Cash flow
€15k▲
2024 · €13k
Solvency
78.7%▲
2024 · 66.5%
Current ratio
3.47▲
2024 · 2.38
Quick ratio
3.47▲
2024 · 2.38
Debt / equity
0.27▼
2024 · 0.50
ROE
1.0%▼
2024 · 3.0%
ROA
0.8%▼
2024 · 2.0%
Interest coverage
45.98▼
2024 · 64.74
Debt
€42k▼
2024 · €77k
Debt ≤ 1 year
€42k▼
2024 · €77k
Income taxes
€4k▲
2024 · €802
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€231k€197k▼
Fixed assets21/28€47k€52k▲
Tangible fixed assets22/27€47k€52k▲
Plant, machinery and equipment23€376€251▼
Furniture and vehicles24€46k€51k▲
Current assets29/58€184k€145k▼
Amounts receivable within one year40/41€8k€11k▲
Trade receivables40€74€3k▲
Other amounts receivable41€8k€7k▼
Current investments50/53€155k€120k▼
Cash at bank and in hand54/58€19k€12k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€231k€197k▼
Equity10/15€153k€155k▲
Contributions10/11€19k€19k=
Reserves13€22k€22k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€113k€114k▲
Amounts payable17/49€77k€42k▼
Amounts payable within one year42/48€77k€42k▼
Current portion of amounts payable after more than one year42€3k€2k▼
Trade debts44€4k€4k▲
Suppliers440/4€4k€4k▲
Taxes, remuneration and social security45€2k€6k▲
Taxes450/3€2k€6k▲
Other amounts payable47/48€68k€31k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€14k▲
Other operating charges640/8€8k€4k▼
Gross operating margin9900€21k€18k▼
Operating profit (loss)9901€6k€398▼
Financial income75/76B€1€5k▲
Recurring financial income75€1€5k▲
Financial charges65/66B€212€308▲
Recurring financial charges65€212€308▲
Profit (loss) for the period before taxes9903€5k€5k▼
Income taxes67/77€802€4k▲
Profit (loss) for the period9904€5k€2k▼
Profit (loss) for the period to be appropriated9905€5k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€117k€114k▼
Profit (loss) brought forward from the previous period14P€113k€113k▲
Transfer to equity691/2€5k-
To other reserves6921€5k-
The notes to these accounts (7 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
31-12
Financial
Equity above €150kEq €153k ▲3.1%
Equity rises from €149k to €153k.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-23k ▼339%
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 2.19
Current ratio from 1.01 to 2.19; short-term debt falls from €191k to €126k.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €10k ▲41.1%
Net result €10k, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Mechelen · 1 establishment unit since 1992
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.
Zennegatvaart 152800 MechelenGround area
161 m²
Building footprint
151 m²
Volume, LiDAR
1,078 m³
Parcel 12404G0551/00Y003, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MIKADO
since 19922.059.866.264
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12404G0551/00Y003 | Flanders | 161 m² | 1 · 151 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
ANNE - DECOR
BE 0433.488.941
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AAVES
BE 0829.690.686
Sint-Niklaas · Eq €156k
BAB MARRAKECH
BE 0878.171.880
Elsene · Eq €156k
BRO - TEC
BE 0438.776.134
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M.L. TECHNOLOGIES
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Of 766 companies in sector 47552 we hold annual accounts for 444. 378 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-1992
Fiscal year end31-12
Activities, NACEBEL
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.