MIKAL GROUP SERVICES
ActiveThe computed 12-month bankruptcy probability of MIKAL GROUP SERVICES is 3.9% (moderate). The 2024 annual accounts show equity of €24k and a net result of €6k. Equity is growing by ~52.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 1125 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▼-10
Solvency67▲+15
Growth78=
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.44 against 1.15 in 2023; short-term debt: 56.1% and cash: 27.2% of total assets), and 57.7% 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.
+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42.3%
Return on assets
11.4%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
61 d late
2022
14 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€111k
EBIT margin
3.6%
Net result
€6k▼ 46.0%
2023 · €12k
2022: €3k
2023: €12k
2022 → 2024
Working capital
€14k▲ 127%
2023 · €6k
2022: €-16k
2023: €6k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€111k-
Equity€6k-€18k▲ 218%€24k▲ 37.0%
Operating result€4k-€17k▲ 319%€10k▼ 40.1%
Net result€3k-€12k▲ 379%€6k▼ 46.0%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57k
Fixed assets
€11k▼ 39.6%
Current assets
€46k▼ 4.1%
Equity and liabilities €57k
Equity
€24k▲ 37.0%
Debt
€33k▼ 32.2%
The debt ratio falls from 73.4% to 57.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▼
2023 · €22k
Cash flow
€7k▼
2023 · €18k
Solvency
42.3%▲
2023 · 26.6%
Current ratio
1.44▲
2023 · 1.15
Quick ratio
1.44▲
2023 · 1.15
Debt / equity
1.37▼
2023 · 2.76
ROE
27.0%▼
2023 · 68.6%
ROA
11.4%▼
2023 · 18.2%
Interest coverage
5.91▼
2023 · 27.84
Debt
€33k▼
2023 · €48k
Debt ≤ 1 year
€32k▼
2023 · €42k
Debt > 1 year
€956▼
2023 · €7k
Income taxes
€2k▼
2023 · €4k
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€66k€57k▼
Fixed assets21/28€18k€11k▼
Intangible fixed assets21€308-
Tangible fixed assets22/27€9k€1k▼
Furniture and vehicles24€9k€1k▼
Financial fixed assets28€9k€10k▲
Current assets29/58€48k€46k▼
Amounts receivable within one year40/41€34k€30k▼
Trade receivables40€34k€30k▼
Other amounts receivable41€289€1▼
Cash at bank and in hand54/58€13k€15k▲
Deferred charges and accrued income490/1€865€74▼
Equity and liabilities
Total equity and liabilities10/49€66k€57k▼
Equity10/15€18k€24k▲
Contributions10/11€3k€3k=
Reserves13€15k€21k▲
Distributable reserves133€15k€21k▲
Profit (loss) carried forward14€47€541▲
Amounts payable17/49€48k€33k▼
Amounts payable after more than one year17€7k€956▼
Financial debts170/4€7k€956▼
Amounts payable within one year42/48€42k€32k▼
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€15k€13k▼
Suppliers440/4€15k€13k▼
Taxes, remuneration and social security45€11k€8k▼
Taxes450/3€9k€8k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€10k€6k▼
Accrued charges and deferred income492/3€250-
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€134k€146k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€892▼
Other operating charges640/8€14k€14k▲
Gross operating margin9900€36k€25k▼
Operating profit (loss)9901€17k€10k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€802€2k▲
Recurring financial charges65€802€2k▲
Profit (loss) for the period before taxes9903€16k€8k▼
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€12k€6k▼
Profit (loss) for the period to be appropriated9905€12k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€7k▼
Profit (loss) brought forward from the previous period14P€10€47▲
Transfer to equity691/2€12k€6k▼
To other reserves6921€12k€6k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 61 days late
2023
31-12
Financial
Highest result since 2022net €12k ▲379%
Operating result €17k, net result €12k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Frameries · 1 establishment unit since 2022
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.
Rue du Centre 397080 FrameriesGround area
245 m²
Building footprint
61 m²
Volume, LiDAR
530 m³
Parcel 53025B0710/00D006, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MIKAL GROUP SERVICES
since 20222.331.230.989
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53025B0710/00D006 | Wallonia | 245 m² | 1 · 61 m² | 10.2 m · 3 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.
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SEMY-SERVICES
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Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 5,212 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2021
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.