MiKimFX
ActiveSummary
MiKimFX has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,498 and a net result of €12,001. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 47% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+81
Solvency63▲+26
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.37 in 2024; short-term debt: 56.6% and cash: 9.9% of total assets), but 61.8% of the assets are financed with debt.
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Signals
Four 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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
38.2%
Return on assets
22.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
6 d early
2023
37 d early
2022
25 d early
2021
37 d early
2020
44 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 6 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€20,498▲ 141%
2024 · €8,497
Total assets
€53,696▼ 22.1%
2024 · €68,926
Net result
€12,001
2024 · -€9,423
Working capital
€18,355▲ 11.2%
2024 · €16,509
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,397▲ 27.8%€1,203▼ 90.3%€767▼ 36.3%-€7,608€14,687
Net result€7,229within the sector's middle half▼ 8.4%-€1,989within the sector's middle half-€3,144within the sector's middle half▼ 58.1%-€9,423below the sector's middle half▼ 200%€12,001within the sector's middle half
Equity€23,053within the sector's middle half▲ 45.7%€21,064within the sector's middle half▼ 8.6%€17,920within the sector's middle half▼ 14.9%€8,497within the sector's middle half▼ 52.6%€20,498within the sector's middle half▲ 141%
Total assets€51,191below the sector's middle half▲ 25.1%€64,262below the sector's middle half▲ 25.5%€64,680below the sector's middle half▲ 0.7%€68,926within the sector's middle half▲ 6.6%€53,696below the sector's middle half▼ 22.1%
Debt€28,139▲ 12.1%€43,198▲ 53.5%€46,760▲ 8.2%€60,429▲ 29.2%€33,198▼ 45.1%
Working capital€25,103within the sector's middle half▲ 48.1%€20,497within the sector's middle half▼ 18.3%€13,197within the sector's middle half▼ 35.6%€16,509within the sector's middle half▲ 25.1%€18,355within the sector's middle half▲ 11.2%
Solvency45.0%within the sector's middle half▲ 6.4pp32.8%within the sector's middle half▼ 12.3pp27.7%within the sector's middle half▼ 5.1pp12.3%within the sector's middle half▼ 15.4pp38.2%within the sector's middle half▲ 25.8pp
Current ratio2.01within the sector's middle half▲ 0.271.59within the sector's middle half▼ 0.421.31within the sector's middle half▼ 0.281.37within the sector's middle half▲ 0.061.60within the sector's middle half▲ 0.24
Return on assets (ROA)14.1%within the sector's middle half▼ 5.2pp-3.1%below the sector's middle half▼ 17.2pp-4.9%below the sector's middle half▼ 1.8pp-13.7%below the sector's middle half▼ 8.8pp22.3%above the sector's middle half▲ 36.0pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14,687 after a loss of €7,608 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €53,696
Fixed assets
€4,962 ▼ 34.9%
Current assets
€48,734 ▼ 20.5%
Equity and liabilities €53,696
Equity
€20,498 ▲ 141%
Debt
€33,198 ▼ 45.1%
Debt's share of the balance-sheet total falls from 87.7% to 61.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,351▲
2024 · -€5,156
Cash flow
€14,665▲
2024 · -€6,971
Quick ratio
0.91▲
2024 · 0.88
Debt to equity
1.62▼
2024 · 7.11
ROE
58.5%▲
2024 · -110.9%
Interest coverage
4.38▲
2024 · -1.89
Debt ≤ 1 year
€30,379▼
2024 · €44,792
Income taxes
€141▲
2024 · €140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | -€244 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €521 | €1,179 | €2,373 | €2,452 | €2,664 | ▲ 8.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,291 | €0 | - | - | - | - |
| Other operating charges640/8 | €589 | €1,159 | €354 | €1,739 | €308 | ▼ 82.3% |
| Gross operating margin9900 | €15,555 | €3,541 | €3,494 | -€3,417 | €17,659 | ▲ 617% |
| Operating profit (loss)9901 | €12,397 | €1,203 | €767 | -€7,608 | €14,687 | ▲ 293% |
| Financial income75/76B | €401 | €540 | €589 | €1,050 | €1,413 | ▲ 34.5% |
| Recurring financial income75 | €401 | €540 | €589 | €1,050 | €1,413 | ▲ 34.5% |
| Financial charges65/66B | €5,569 | €3,691 | €4,368 | €2,726 | €3,958 | ▲ 45.2% |
| Recurring financial charges65 | €5,569 | €3,691 | €4,368 | €2,726 | €3,958 | ▲ 45.2% |
| Profit (loss) for the period before taxes9903 | €7,229 | -€1,948 | -€3,013 | -€9,283 | €12,142 | ▲ 231% |
| Income taxes67/77 | - | €41 | €132 | €140 | €141 | ▲ 1.0% |
| Profit (loss) for the period9904 | €7,229 | -€1,989 | -€3,144 | -€9,423 | €12,001 | ▲ 227% |
| Profit (loss) for the period to be appropriated9905 | €7,229 | -€1,989 | -€3,144 | -€9,423 | €12,001 | ▲ 227% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,191 | €64,262 | €64,680 | €68,926 | €53,696 | ▼ 22.1% |
| Fixed assets21/28 | €1,202 | €9,080 | €8,597 | €7,626 | €4,962 | ▼ 34.9% |
| Tangible fixed assets22/27 | €1,202 | €9,080 | €8,597 | €7,626 | €4,962 | ▼ 34.9% |
| Plant, machinery and equipment23 | €310 | €1,659 | €2,817 | €2,089 | €1,362 | ▼ 34.8% |
| Furniture and vehicles24 | €118 | €0 | €0 | - | - | - |
| Other tangible fixed assets26 | €774 | €7,420 | €5,780 | €5,536 | €3,600 | ▼ 35.0% |
| Current assets29/58 | €49,990 | €55,182 | €56,083 | €61,301 | €48,734 | ▼ 20.5% |
| Stocks and contracts in progress3 | €12,488 | €17,477 | €19,674 | €21,830 | €21,115 | ▼ 3.3% |
| Stocks30/36 | €12,488 | €17,477 | €19,674 | €21,830 | €21,115 | ▼ 3.3% |
| Amounts receivable within one year40/41 | €20,366 | €21,944 | €24,361 | €32,018 | €20,303 | ▼ 36.6% |
| Trade receivables40 | €13,555 | €14,915 | €10,057 | €20,657 | €16,114 | ▼ 22.0% |
| Other amounts receivable41 | €6,811 | €7,030 | €14,304 | €11,361 | €4,189 | ▼ 63.1% |
| Cash at bank and in hand54/58 | €16,727 | €10,699 | €7,660 | €6,516 | €5,290 | ▼ 18.8% |
| Deferred charges and accrued income490/1 | €409 | €5,062 | €4,388 | €937 | €2,026 | ▲ 116% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,191 | €64,262 | €64,680 | €68,926 | €53,696 | ▼ 22.1% |
| Equity10/15 | €23,053 | €21,064 | €17,920 | €8,497 | €20,498 | ▲ 141% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €11,160 | €11,160 | €11,160 | €11,160 | €11,160 | = |
| Non-distributable reserves130/1 | €1,860 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €0 | - | - | - | - |
| Distributable reserves133 | €9,300 | €11,160 | €11,160 | €11,160 | €11,160 | = |
| Profit (loss) carried forward14 | -€6,707 | -€8,696 | -€11,840 | -€21,263 | -€9,262 | ▲ 56.4% |
| Amounts payable17/49 | €28,139 | €43,198 | €46,760 | €60,429 | €33,198 | ▼ 45.1% |
| Amounts payable within one year42/48 | €24,887 | €34,685 | €42,886 | €44,792 | €30,379 | ▼ 32.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1,967 | €0 | ▼ 100% |
| Financial debts43 | €9,235 | €9,861 | €9,938 | €9,930 | €9,180 | ▼ 7.6% |
| Credit institutions430/8 | €9,235 | €9,861 | €9,938 | €9,930 | €9,180 | ▼ 7.6% |
| Trade debts44 | €8,999 | €11,533 | €15,278 | €6,849 | €10,820 | ▲ 58.0% |
| Suppliers440/4 | €8,999 | €11,533 | €15,278 | €6,849 | €10,820 | ▲ 58.0% |
| Advances received on contracts in progress46 | €37 | €1,473 | €2,201 | €3,935 | €594 | ▼ 84.9% |
| Taxes, remuneration and social security45 | €6,616 | €11,818 | €15,469 | €22,111 | €9,784 | ▼ 55.7% |
| Taxes450/3 | €5,930 | €11,818 | €15,469 | €22,111 | €9,784 | ▼ 55.7% |
| Remuneration and social security454/9 | €686 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | €3,252 | €8,513 | €3,874 | €15,638 | €2,819 | ▼ 82.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,229 | -€1,989 | -€3,144 | -€9,423 | €12,001 | ▲ 227% |
| + Depreciation and write-downs630 | €521 | €1,179 | €2,373 | €2,452 | €2,664 | ▲ 8.7% |
| Operating cash flow (approximation) | €7,750 | -€810 | -€771 | -€6,971 | €14,665 | ▲ 310% |
| Investment in fixed assets (approximation) | - | -€9,057 | -€1,890 | -€1,481 | €0 | ▲ 100% |
| Change in cash | - | -€6,028 | -€3,039 | -€1,144 | -€1,225 | ▼ 7.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €12,001
Net result €12,001 after 3 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7,893
Net result €7,893 after 2 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
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 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Wielsbeke · 1 establishment unit since 2003
Ground area
334 m²
Building footprint
246 m²
Volume, LiDAR
1,281 m³
Parcel 37009A0796/00B000, Flanders · tallest building 9.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Fantasy Worldwide
since 20032.134.920.114
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37009A0796/00B000 | Flanders | 334 m² | 1 · 246 m² | 9.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
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
Dual-learning approval
1 endedAdministratief medewerker (so)
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Of 798 companies in sector 46450 we hold annual accounts for 453. 245 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-11-2003
Fiscal year end31-12
Activities, NACEBEL 2025
46450Wholesale of perfume and cosmetics
Contact
E-mail
michael@mikimfx.com
Phone
037667126Wielsbeke
Fax
037667126Wielsbeke
E-invoicing
Reachable via Peppol
Peppol ID
0208:0861584088
Also
9925:BE0861584088
Registered
19-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.