MIKALE
ActiveThe computed 12-month bankruptcy probability of MIKALE is 2.1% (moderate). The 2024 annual accounts show equity of €110k and a net result of €-2k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 76% of 18942 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▼-4
Solvency84▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 1.99 against 1.65 in 2023; short-term debt: 40.6% and cash: 25% of total assets), and 40.6% 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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
59.4%
Return on assets
-1%
Age of the figures
21 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-09-2025, 52 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
52 d late
2023
113 d late
2022
20 d early
2021
153 d late
2020
124 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€110k▼ 1.7%
2023 · €112k
2018: €82k
2019: €89k
2020: €88k
2021: €98k
2022: €107k
2023: €112k
2018 → 2024
Total assets
€185k▼ 13.4%
2023 · €214k
2018: €133k
2019: €159k
2020: €175k
2021: €158k
2022: €167k
2023: €214k
2018 → 2024
Net result
€-2k
2023 · €4k
2018: €-8k
2019: €7k
2020: €-51
2021: €10k
2022: €9k
2023: €4k
2018 → 2024
Working capital
€74k▲ 12.3%
2023 · €66k
2018: €82k
2019: €89k
2020: €88k
2021: €98k
2022: €107k
2023: €66k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€98k▲ 11.0%€107k▲ 9.4%€112k▲ 4.2%€110k▼ 1.7%
Operating result€96-€12k▲ 12,222%€13k▲ 11.5%€8k▼ 41.8%€-874
Net result€-51-€10k€9k▼ 5.9%€4k▼ 51.3%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €874 after €8k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €185k
Fixed assets
€36k▼ 22.1%
Current assets
€150k▼ 11.1%
Equity and liabilities €185k
Equity
€110k▼ 1.7%
Debt
€75k▼ 26.3%
The debt ratio falls from 47.7% to 40.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€9k▼
2023 · €12k
Cash flow
€8k▼
2023 · €9k
Solvency
59.4%▲
2023 · 52.3%
Current ratio
1.99▲
2023 · 1.65
Quick ratio
1.98▲
2023 · 1.65
Debt / equity
0.68▼
2023 · 0.91
ROE
-1.8%▼
2023 · 4.0%
ROA
-1.0%▼
2023 · 2.1%
Interest coverage
8.70▼
2023 · 13.43
Debt
€75k▼
2023 · €102k
Debt ≤ 1 year
€75k▼
2023 · €102k
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€214k€185k▼
Fixed assets21/28€46k€36k▼
Tangible fixed assets22/27€46k€36k▼
Furniture and vehicles24€46k€36k▼
Current assets29/58€168k€150k▼
Stocks and contracts in progress3-€951
Stocks30/36-€951
Amounts receivable within one year40/41€139k€102k▼
Other amounts receivable41€139k€102k▼
Cash at bank and in hand54/58€28k€46k▲
Deferred charges and accrued income490/1€1k€151▼
Equity and liabilities
Total equity and liabilities10/49€214k€185k▼
Equity10/15€112k€110k▼
Contributions10/11€6k€6k=
Reserves13€42k€42k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€64k€62k▼
Amounts payable17/49€102k€75k▼
Amounts payable within one year42/48€102k€75k▼
Trade debts44€70k€50k▼
Suppliers440/4€44k€10k▼
Bills of exchange payable441€26k€40k▲
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€30k€23k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€10k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€14k€12k▼
Operating profit (loss)9901€8k€-874▼
Financial income75/76B€47€2▼
Recurring financial income75€47€2▼
Financial charges65/66B€925€1k▲
Recurring financial charges65€925€1k▲
Profit (loss) for the period before taxes9903€7k€-2k▼
Income taxes67/77€2k-
Profit (loss) for the period9904€4k€-2k▼
Profit (loss) for the period to be appropriated9905€4k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€69k€62k▼
Profit (loss) brought forward from the previous period14P€64k€64k=
Transfer to equity691/2€4k-
To other reserves6921€4k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 52 days late
2024
21-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 113 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €107k ▲9.4%
2 profitable years in a row build equity to €107k.
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
02-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 124 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 142 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 57 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · 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
6 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, Braine-le-Comte · 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.
Route Baccara 47090 Braine-le-ComteGround area
982 m²
Building footprint
78 m²
Parcel 55036C0007/03E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
MIKALE
since 20112.225.833.363
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55036C0007/03E000 | Wallonia | 982 m² | 1 · 78 m² | - |
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
Food safety, FASFC
1 siteBraine-le-Comte2.225.833.363
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SEATIME
BE 0424.141.804
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MG BUSNESS
BE 0453.545.967
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LA TIERRA
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Of 20,499 companies in sector 56111 we hold annual accounts for 11,455. 9,459 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2010
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 14 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.