MIKAY
ActiveMIKAY has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €114k and a net result of €911. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 11257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-32
Solvency100▲+21
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 5.38 against 3.46 in 2024; short-term debt: 17.2% and cash: 18.6% of total assets), and 18.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 46
Relative position
BE, all sectors
reference
Sector 46
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
81.5%
Return on assets
0.7%
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 27-08-2026, 27 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
27 d late
2024
12 d late
2023
99 d early
2022
26 d early
2021
26 d late
2020
59 d early
2019
18 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€114k▲ 0.8%
2024 · €113k
2018: €80k
2019: €94k
2020: €95k
2021: €95k
2022: €97k
2023: €100k
2024: €113k
2018 → 2025
Total assets
€140k▼ 33.0%
2024 · €209k
2018: €194k
2019: €210k
2020: €216k
2021: €239k
2022: €169k
2023: €179k
2024: €209k
2018 → 2025
Net result
€911▼ 95.1%
2024 · €19k
2018: €9k
2019: €18k
2020: €4k
2021: €199
2022: €4k
2023: €14k
2024: €19k
2018 → 2025
Working capital
€106k▼ 24.6%
2024 · €140k
2018: €131k
2019: €150k
2020: €154k
2021: €155k
2022: €120k
2023: €125k
2024: €140k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€95k-€97k▲ 2.5%€100k▲ 3.5%€113k▲ 12.5%€114k▲ 0.8%
Operating result€6k-€9k▲ 46.6%€23k▲ 146%€33k▲ 40.0%€212▼ 99.3%
Net result€199-€4k▲ 1,861%€14k▲ 267%€19k▲ 29.6%€911▼ 95.1%
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 99% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140k
Fixed assets
€10k▼ 14.5%
Current assets
€130k▼ 34.1%
Equity and liabilities €140k
Equity
€114k▲ 0.8%
Debt
€26k▼ 73.0%
The debt ratio falls from 45.9% to 18.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2k▼
2024 · €35k
Cash flow
€3k▼
2024 · €21k
Solvency
81.5%▲
2024 · 54.1%
Current ratio
5.38▲
2024 · 3.46
Quick ratio
3.57▲
2024 · 3.17
Debt / equity
0.23▼
2024 · 0.85
ROE
0.8%▼
2024 · 16.4%
ROA
0.7%▼
2024 · 8.9%
Interest coverage
0.83▼
2024 · 3.33
Debt
€26k▼
2024 · €96k
Debt ≤ 1 year
€24k▼
2024 · €57k
Debt > 1 year
€0▼
2024 · €36k
Income taxes
€1k▼
2024 · €5k
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€209k€140k▼
Fixed assets21/28€12k€10k▼
Tangible fixed assets22/27€12k€10k▼
Land and buildings22€12k€10k▼
Furniture and vehicles24€0€0=
Current assets29/58€197k€130k▼
Stocks and contracts in progress3€17k€44k▲
Stocks30/36€17k€44k▲
Amounts receivable within one year40/41€93k€57k▼
Trade receivables40€93k€56k▼
Other amounts receivable41€244€2k▲
Cash at bank and in hand54/58€87k€26k▼
Deferred charges and accrued income490/1€427€3k▲
Equity and liabilities
Total equity and liabilities10/49€209k€140k▼
Equity10/15€113k€114k▲
Contributions10/11€8k€8k=
Reserves13€66k€66k=
Tax-exempt reserves132€314€314=
Distributable reserves133€66k€66k=
Profit (loss) carried forward14€39k€40k▲
Amounts payable17/49€96k€26k▼
Amounts payable after more than one year17€36k€0▼
Other amounts payable178/9€36k€0▼
Amounts payable within one year42/48€57k€24k▼
Trade debts44€43k€6k▼
Suppliers440/4€43k€6k▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€7k€6k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€7k€12k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€652€8k▲
Other operating charges640/8€2k€4k▲
Non-recurring operating charges66A€2k€3k▲
Gross operating margin9900€39k€17k▼
Operating profit (loss)9901€33k€212▼
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€10k€2k▼
Recurring financial charges65€10k€2k▼
Profit (loss) for the period before taxes9903€24k€2k▼
Income taxes67/77€5k€1k▼
Profit (loss) for the period9904€19k€911▼
Profit (loss) for the period to be appropriated9905€19k€911▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€40k▼
Profit (loss) brought forward from the previous period14P€26k€39k▲
Profit to be distributed694/7€6k€0▼
Directors or managers695€6k€0▼
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
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Highest result since 2018net €19k ▲29.6%
Operating result €33k, net result €19k, both a record.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €100k ▲3.5%
6 profitable years in a row build equity to €100k.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €199 ▼95.1%
Net result drops to €199, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Beyne-Heusay · 1 establishment unit since 2000
Ground area
320 m²
Building footprint
292 m²
Volume, LiDAR
2,284 m³
Parcel 62082A0271/00L000, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MIKAY
since 20002.094.104.591
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62082A0271/00L000 | Wallonia | 320 m² | 1 · 291 m² | 8.9 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBeyne-Heusay2.094.104.591
Similar companies · same sector, comparable size
NYSSENS GRAPHICS
BE 0448.520.278
Brecht · Eq €114k
Luke
BE 0458.298.670
Bree · Eq €114k
TIMELESS
BE 0431.438.380
Ukkel · Eq €115k
IB Dynamics
BE 0824.255.322
Huldenberg · Eq €115k
Ergoline Belgium
BE 0465.616.133
Wommelgem · Eq €115k
Of 1,565 companies in sector 46900 we hold annual accounts for 920. 611 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-1999
Fiscal year end31-12
Activities, NACEBEL
46494Wholesale of non-electrical household articles
46900Non-specialised wholesale trade
51900
47789Other retail sale of new goods
52498
66199Other activities auxiliary to financial services, excluding insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 26 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.