MIKADO BEL
ActiveThe computed 12-month bankruptcy probability of MIKADO BEL is 1.6% (moderate). The 2024 annual accounts show equity of €442k and a net result of €36k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 36373 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▼-14
Solvency85▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.44 against 1.82 in 2023; short-term debt: 34.3% and cash: 1.9% of total assets), and 40.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
on the day
2022
32 d late
2021
18 d late
2020
3 d early
2019
4 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€36k▼ 73.3%
2023 · €135k
2019: €34k
2020: €122k
2021: €69k
2022: €14k
2023: €135k
2019 → 2024
Working capital
€367k▲ 11.8%
2023 · €329k
2019: €69k
2020: €190k
2021: €236k
2022: €267k
2023: €329k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€239k-€308k▲ 28.7%€322k▲ 4.5%€407k▲ 26.2%€442k▲ 8.8%
Operating result€178k-€93k▼ 47.9%€39k▼ 57.7%€197k▲ 401%€51k▼ 73.9%
Net result€122k-€69k▼ 43.9%€14k▼ 79.7%€135k▲ 866%€36k▼ 73.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 74% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €743k
Fixed assets
€120k▲ 24.0%
Current assets
€622k▼ 14.7%
Equity and liabilities €743k
Equity
€442k▲ 8.8%
Debt
€300k▼ 28.6%
The debt ratio falls from 50.8% to 40.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€99k▼
2023 · €238k
Cash flow
€83k▼
2023 · €176k
Solvency
59.6%▲
2023 · 49.2%
Current ratio
2.44▲
2023 · 1.82
Quick ratio
2.44▲
2023 · 1.82
Debt / equity
0.68▼
2023 · 1.03
ROE
8.1%▼
2023 · 33.1%
ROA
4.8%▼
2023 · 16.3%
Interest coverage
32.30▼
2023 · 61.45
Debt
€300k▼
2023 · €420k
Debt ≤ 1 year
€255k▼
2023 · €401k
Debt > 1 year
€45k▲
2023 · €19k
Income taxes
€12k▼
2023 · €59k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€827k€743k▼
Fixed assets21/28€97k€120k▲
Tangible fixed assets22/27€97k€120k▲
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€94k€116k▲
Financial fixed assets28€309€309=
Current assets29/58€730k€622k▼
Amounts receivable within one year40/41€674k€594k▼
Trade receivables40€466k€460k▼
Other amounts receivable41€208k€134k▼
Cash at bank and in hand54/58€45k€14k▼
Deferred charges and accrued income490/1€11k€14k▲
Equity and liabilities
Total equity and liabilities10/49€827k€743k▼
Equity10/15€407k€442k▲
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Reserves13€209k€209k=
Non-distributable reserves130/1€209k€209k=
Legal reserve130€207k€207k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€192k€228k▲
Amounts payable17/49€420k€300k▼
Amounts payable after more than one year17€19k€45k▲
Financial debts170/4€19k€45k▲
Amounts payable within one year42/48€401k€255k▼
Current portion of amounts payable after more than one year42€45k€31k▼
Trade debts44€228k€127k▼
Suppliers440/4€228k€127k▼
Taxes, remuneration and social security45€78k€51k▼
Taxes450/3€78k€51k▼
Other amounts payable47/48€50k€46k▼
Accrued charges and deferred income492/3-€82
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€47k▲
Other operating charges640/8€16k€9k▼
Gross operating margin9900€255k€108k▼
Operating profit (loss)9901€197k€51k▼
Financial income75/76B€4€43▲
Recurring financial income75€4€43▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€193k€48k▼
Income taxes67/77€59k€12k▼
Profit (loss) for the period9904€135k€36k▼
Profit (loss) for the period to be appropriated9905€135k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€326k€228k▼
Profit (loss) brought forward from the previous period14P€192k€192k=
Transfer to equity691/2€85k-
To the legal reserve6920€85k-
Profit to be distributed694/7€50k-
Return on contributions (dividend)694€50k-
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €135k ▲866%
Operating result €197k, net result €135k, both a record.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €14k ▼79.7%
Net result drops to €14k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 18 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200kEq €239k ▲105%
2 profitable years in a row build equity to €239k.
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 4 days late
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Brussel · 1 establishment unit since 2011
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.
Emile Jacqmainlaan 891000 BrusselGround area
110 m²
Building footprint
93 m²
Volume, LiDAR
1,711 m³
Parcel 21802B0244/00E000, Brussels · tallest building 26.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MIKADO bel
since 20112.202.430.827
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B0244/00E000 | Brussels | 110 m² | 1 · 93 m² | 26.5 m · 6 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesMIKADO BEL SRL38458
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Of 4,097 companies in sector 43240 we hold annual accounts for 1,631. 1,037 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-09-2011
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:0485/698.129