MIKKAH
ActiveSummary
The annual accounts of MIKKAH for fiscal year 2025 show a net loss of 423% of total assets and of 90% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-29k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 18400 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency72▼-28
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.78 against 7.63 in 2024; short-term debt: 52.8% and cash: 1.2% of total assets), but 52.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
47.2%
Return on assets
-422.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-29k
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 · 7 filingsDeviation from the deadline
2025
on the day
2024
8 d early
2023
13 d early
2022
4 d late
2021
54 d late
2020
9 d late
2019
83 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€177k
EBIT margin
12.7%
Net result
€-29k▼ 329%
2024 · €-7k
2019: €-14k
2020: €-9k▲ +36.4% vs 2019
2021: €16k▲ +276% vs 2020highest in 7 years
2022: €14k▼ -10.7% vs 2021
2023: €13k▼ -6.5% vs 2022
2024: €-7k▼ -151% vs 2023
2025: €-29k▼ -329% vs 2024lowest in 7 years
2019 → 2025
Working capital
€3k▼ 90.9%
2024 · €31k
2019: €-4k
2020: €-10k▼ -147% vs 2019lowest in 7 years
2021: €10k▲ +197% vs 2020
2022: €26k▲ +170% vs 2021
2023: €38k▲ +45.0% vs 2022highest in 7 years
2024: €31k▼ -16.3% vs 2023
2025: €3k▼ -90.9% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€177k
Equity€11k-€26k▲ 126%€39k▲ 52.1%€33k▼ 17.3%€3k▼ 90.0%
2021: €11k
2022: €26k▲ +126% vs 2021
2023: €39k▲ +52.1% vs 2022highest in 5 years
2024: €33k▼ -17.3% vs 2023
2025: €3k▼ -90.0% vs 2024lowest in 5 years
Operating result€21k-€20k▼ 3.6%€22k▲ 10.4%€-6k€-28k▼ 383%
2021: €21k
2022: €20k▼ -3.6% vs 2021
2023: €22k▲ +10.4% vs 2022highest in 5 years
2024: €-6k▼ -126% vs 2023
2025: €-28k▼ -383% vs 2024lowest in 5 years
Net result€16k-€14k▼ 10.7%€13k▼ 6.5%€-7k€-29k▼ 329%
2021: €16khighest in 5 years
2022: €14k▼ -10.7% vs 2021
2023: €13k▼ -6.5% vs 2022
2024: €-7k▼ -151% vs 2023
2025: €-29k▼ -329% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €28k in 2025 against €6k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7k
Fixed assets
€420 ▼ 63.4%
Current assets
€7k ▼ 82.0%
Equity and liabilities €7k
Equity
€3k ▼ 90.0%
Debt
€4k ▼ 22.7%
Debt's share of the balance-sheet total rises from 12.7% to 52.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
1.78▼
2024 · 7.63
Debt to equity
1.12▲
2024 · 0.15
ROE
-896.5%▼
2024 · -21.0%
ROA
-422.8%▼
2024 · -18.3%
Debt ≤ 1 year
€4k▼
2024 · €5k
Income taxes
€65▲
2024 · €63
Staff costs
€-36▼
2024 · €20k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€37k€7k▼
Fixed assets21/28€1k€420▼
Tangible fixed assets22/27€1k-
Furniture and vehicles24€1k-
Financial fixed assets28-€420
Current assets29/58€36k€7k▼
Amounts receivable within one year40/41€25k€6k▼
Trade receivables40€272-
Other amounts receivable41€25k€6k▼
Cash at bank and in hand54/58€11k€81▼
Equity and liabilities
Total equity and liabilities10/49€37k€7k▼
Equity10/15€33k€3k▼
Contributions10/11€19k€19k=
Reserves13€5k€5k=
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€9k€-21k▼
Amounts payable17/49€5k€4k▼
Amounts payable within one year42/48€5k€4k▼
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€4k€53▼
Taxes450/3€4k€53▼
Other amounts payable47/48-€1k
Income statement
Code20242025
Non-recurring operating income76A€4k-
Remuneration, social security and pensions62€20k€-36▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€688-
Other operating charges640/8€802€105▼
Non-recurring operating charges66A-€857
Gross operating margin9900€16k€-27k▼
Operating profit (loss)9901€-6k€-28k▼
Financial income75/76B€1k€39▼
Recurring financial income75€1k€39▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-7k€-29k▼
Income taxes67/77€63€65▲
Profit (loss) for the period9904€-7k€-29k▼
Profit (loss) for the period to be appropriated9905€-7k€-29k▼
Appropriation of the result
Profit (loss) to be appropriated9906€9k€-21k▼
Profit (loss) brought forward from the previous period14P€15k€9k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €177k | - | - | - |
| Non-recurring operating income76A | - | - | - | €4k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €79k | - | - | - |
| Remuneration, social security and pensions62 | €59k | €66k | €79k | €20k | €-36 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €230 | €688 | - | - |
| Other operating charges640/8 | €807 | €378 | €1k | €802 | €105 | ▼ 86.9% |
| Non-recurring operating charges66A | - | - | - | - | €857 | - |
| Gross operating margin9900 | €85k | €88k | €102k | €16k | €-27k | ▼ 272% |
| Operating profit (loss)9901 | €21k | €20k | €22k | €-6k | €-28k | ▼ 383% |
| Financial income75/76B | €497 | €478 | €594 | €1k | €39 | ▼ 96.9% |
| Recurring financial income75 | €497 | €478 | €594 | €1k | €39 | ▼ 96.9% |
| Financial charges65/66B | €2k | €1k | €3k | €2k | €1k | ▼ 52.4% |
| Recurring financial charges65 | €2k | €1k | €3k | €2k | €1k | ▼ 52.4% |
| Profit (loss) for the period before taxes9903 | €19k | €20k | €20k | €-7k | €-29k | ▼ 332% |
| Income taxes67/77 | €3k | €5k | €7k | €63 | €65 | ▲ 3.0% |
| Profit (loss) for the period9904 | €16k | €14k | €13k | €-7k | €-29k | ▼ 329% |
| Profit (loss) for the period to be appropriated9905 | €16k | €14k | €13k | €-7k | €-29k | ▼ 329% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37k | €50k | €61k | €37k | €7k | ▼ 81.4% |
| Fixed assets21/28 | €2k | - | €2k | €1k | €420 | ▼ 63.4% |
| Tangible fixed assets22/27 | €2k | - | €2k | €1k | - | - |
| Furniture and vehicles24 | €2k | - | €2k | €1k | - | - |
| Financial fixed assets28 | - | - | - | - | €420 | - |
| Current assets29/58 | €35k | €50k | €59k | €36k | €7k | ▼ 82.0% |
| Amounts receivable within one year40/41 | €19k | €31k | €30k | €25k | €6k | ▼ 74.5% |
| Trade receivables40 | €15k | €20k | €21k | €272 | - | - |
| Other amounts receivable41 | €4k | €11k | €10k | €25k | €6k | ▼ 74.2% |
| Cash at bank and in hand54/58 | €15k | €17k | €26k | €11k | €81 | ▼ 99.3% |
| Deferred charges and accrued income490/1 | €1k | €2k | €3k | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37k | €50k | €61k | €37k | €7k | ▼ 81.4% |
| Equity10/15 | €11k | €26k | €39k | €33k | €3k | ▼ 90.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €5k | €5k | €5k | €5k | €5k | = |
| Non-distributable reserves130/1 | €100 | €100 | €100 | €100 | €100 | = |
| Reserves not available under the articles1311 | €100 | €100 | €100 | €100 | €100 | = |
| Distributable reserves133 | €5k | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €-12k | €2k | €15k | €9k | €-21k | ▼ 340% |
| Amounts payable17/49 | €26k | €24k | €22k | €5k | €4k | ▼ 22.7% |
| Amounts payable within one year42/48 | €26k | €24k | €22k | €5k | €4k | ▼ 22.7% |
| Trade debts44 | €449 | €5k | €954 | €1k | €2k | ▲ 94.1% |
| Suppliers440/4 | €449 | €5k | €954 | €1k | €2k | ▲ 94.1% |
| Taxes, remuneration and social security45 | €25k | €19k | €21k | €4k | €53 | ▼ 98.5% |
| Taxes450/3 | €18k | €15k | €12k | €4k | €53 | ▼ 98.5% |
| Remuneration and social security454/9 | €7k | €4k | €9k | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €14k | €13k | €-7k | €-29k | ▼ 329% |
| + Depreciation and write-downs630 | €3k | €2k | €230 | €688 | - | - |
| Operating cash flow (approximation) | €19k | €16k | €14k | €-6k | €-29k | ▼ 377% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €727 | - |
| Change in cash | - | €2k | €9k | €-15k | €-11k | ▲ 29.3% |
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
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 7.63
Current ratio from 2.74 to 7.63; short-term debt falls from €22k to €5k.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
31-12
Financial
Back to profitnet €16k
Net result €16k after 2 loss-making years.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Zele · 1 establishment unit since 2017
Ground area
10.8 ha
Building footprint
5.0 ha
Volume, LiDAR
383,020 m³
2 parcels, Flanders · tallest building 18.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EYES+MORE
since 20172.267.349.561
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1155/00R000 | Flanders | 10.8 ha | 1 · 5.0 ha | 18.2 m · 2 fl. |
| 42403D0964/00K000 | Flanders | 347 m² | 1 · 104 m² | 17.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,730 companies in sector 47742 we hold annual accounts for 1,138. 235 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
Founded30-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
46190Agents in non-specialised wholesale trade
Contact
E-mail
anne.carvers@hotmail.comSint-Niklaas
Phone
0499/61.73.72Sint-Niklaas
Scores and ratios are computed by Checked and are not a credit decision.