MIKMAX
ActiveSummary
For MIKMAX, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €25,545 and a net result of -€20,944. Equity is shrinking by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 24% of 18403 sector peers (fiscal year 2023). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability55▲+50
Solvency29▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2023Solvency, return and age of the figures
Solvency
3.8%
Return on assets
-3.1%
Age of the figures
33 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 22-05-2025, 295 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
295 d late
2022
160 d late
2021
151 d late
2020
500 d late
2019
259 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 273 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€25,545▼ 45.1%
2022 · €46,489
Total assets
€672,956▲ 24.5%
2022 · €540,373
Net result
-€20,944▲ 64.3%
2022 · -€58,721
Working capital
-€354,566▼ 93.3%
2022 · -€183,461
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€42,318€32,399€126,595▲ 291%-€51,517€8,026
Net result€6,309▼ 95.0%-€5,732within the sector's middle half€100,299above the sector's middle half-€58,721below the sector's middle half-€20,944below the sector's middle half▲ 64.3%
Equity€81,643▼ 29.2%€49,911within the sector's middle half▼ 38.9%€105,210within the sector's middle half▲ 111%€46,489within the sector's middle half▼ 55.8%€25,545within the sector's middle half▼ 45.1%
Total assets€697,892▼ 2.9%€701,773within the sector's middle half▲ 0.6%€702,568within the sector's middle half▲ 0.1%€540,373within the sector's middle half▼ 23.1%€672,956within the sector's middle half▲ 24.5%
Debt€616,249▲ 2.1%€651,862▲ 5.8%€597,358▼ 8.4%€493,884▼ 17.3%€647,411▲ 31.1%
Working capital-€26,153▲ 65.2%-€89,552below the sector's middle half▼ 242%-€53,668within the sector's middle half▲ 40.1%-€183,461below the sector's middle half▼ 242%-€354,566below the sector's middle half▼ 93.3%
Solvency11.7%▼ 4.4pp7.1%within the sector's middle half▼ 4.6pp15.0%within the sector's middle half▲ 7.9pp8.6%within the sector's middle half▼ 6.4pp3.8%below the sector's middle half▼ 4.8pp
Current ratio0.90▲ 0.670.72within the sector's middle half▼ 0.170.82within the sector's middle half▲ 0.100.18below the sector's middle half▼ 0.640.12below the sector's middle half▼ 0.05
Return on assets (ROA)0.9%▼ 16.7pp-0.8%within the sector's middle half▼ 1.7pp14.3%above the sector's middle half▲ 15.1pp-10.9%below the sector's middle half▼ 25.1pp-3.1%below the sector's middle half▲ 7.8pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 2023: €8,026 after a loss of €51,517 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €672,956
Fixed assets
€622,307 ▲ 24.4%
Current assets
€50,650 ▲ 26.1%
Equity and liabilities €672,956
Equity
€25,545 ▼ 45.1%
Debt
€647,411 ▲ 31.1%
Debt's share of the balance-sheet total rises from 91.4% to 96.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€35,534▲
2022 · -€35,824
Cash flow
€6,565▲
2022 · -€43,028
Debt to equity
25.34▲
2022 · 10.62
ROE
-82.0%▲
2022 · -126.3%
Interest coverage
4.77▲
2022 · -5.18
Debt ≤ 1 year
€405,216▲
2022 · €223,614
Debt > 1 year
€242,195▼
2022 · €270,271
Income taxes
€20,991▲
2022 · €294
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,674 | €13,564 | €14,995 | €15,694 | €27,509 | ▲ 75.3% |
| Other operating charges640/8 | - | €4,752 | €3,021 | €2,854 | €2,458 | ▼ 13.9% |
| Non-recurring operating charges66A | - | - | - | €1,063 | - | - |
| Gross operating margin9900 | -€21,835 | €50,715 | €144,611 | -€31,907 | €37,993 | ▲ 219% |
| Operating profit (loss)9901 | -€42,318 | €32,399 | €126,595 | -€51,517 | €8,026 | ▲ 116% |
| Financial income75/76B | - | - | - | €1 | - | - |
| Recurring financial income75 | €100 | - | - | €1 | - | - |
| Non-recurring financial income76B | - | - | - | €1 | - | - |
| Financial charges65/66B | - | €9,963 | €8,296 | €6,911 | €7,979 | ▲ 15.5% |
| Recurring financial charges65 | €27,054 | €9,963 | €8,296 | €6,911 | €7,455 | ▲ 7.9% |
| Non-recurring financial charges66B | - | - | - | - | €524 | - |
| Profit (loss) for the period before taxes9903 | €13,572 | €22,436 | €118,299 | -€58,428 | €47 | ▲ 100% |
| Income taxes67/77 | €7,263 | €28,168 | €18,000 | €294 | €20,991 | ▲ 7,050% |
| Profit (loss) for the period9904 | €6,309 | -€5,732 | €100,299 | -€58,721 | -€20,944 | ▲ 64.3% |
| Profit (loss) for the period to be appropriated9905 | €6,309 | -€5,732 | €100,299 | -€58,721 | -€20,944 | ▲ 64.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €697,892 | €701,773 | €702,568 | €540,373 | €672,956 | ▲ 24.5% |
| Fixed assets21/28 | €473,808 | €465,684 | €457,759 | €500,221 | €622,307 | ▲ 24.4% |
| Tangible fixed assets22/27 | €443,058 | €433,396 | €425,471 | €467,933 | €590,019 | ▲ 26.1% |
| Land and buildings22 | - | €392,000 | €380,000 | €422,145 | €498,017 | ▲ 18.0% |
| Plant, machinery and equipment23 | - | - | - | - | €50,481 | - |
| Furniture and vehicles24 | - | €41,396 | €45,471 | €45,788 | €41,521 | ▼ 9.3% |
| Financial fixed assets28 | €30,750 | €32,288 | €32,288 | €32,288 | €32,288 | = |
| Current assets29/58 | €224,083 | €236,088 | €244,809 | €40,152 | €50,650 | ▲ 26.1% |
| Amounts receivable within one year40/41 | €223,712 | €194,649 | €240,050 | €29,954 | €42,867 | ▲ 43.1% |
| Trade receivables40 | - | - | €152,893 | - | €10,890 | - |
| Other amounts receivable41 | - | €194,649 | €87,158 | €29,954 | €31,977 | ▲ 6.8% |
| Cash at bank and in hand54/58 | €372 | €41,439 | €4,759 | €10,198 | €7,783 | ▼ 23.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €697,892 | €701,773 | €702,568 | €540,373 | €672,956 | ▲ 24.5% |
| Equity10/15 | €81,643 | €49,911 | €105,210 | €46,489 | €25,545 | ▼ 45.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €13,443 | -€18,289 | €37,010 | -€21,711 | -€42,655 | ▼ 96.5% |
| Amounts payable17/49 | €616,249 | €651,862 | €597,358 | €493,884 | €647,411 | ▲ 31.1% |
| Amounts payable after more than one year17 | €366,013 | €326,221 | €298,881 | €270,271 | €242,195 | ▼ 10.4% |
| Financial debts170/4 | - | €326,221 | €298,881 | €270,271 | €242,195 | ▼ 10.4% |
| Amounts payable within one year42/48 | €250,236 | €325,640 | €298,477 | €223,614 | €405,216 | ▲ 81.2% |
| Current portion of amounts payable after more than one year42 | - | €27,141 | €27,341 | €28,257 | €28,076 | ▼ 0.6% |
| Financial debts43 | - | - | €14 | - | - | - |
| Credit institutions430/8 | - | - | €14 | - | - | - |
| Trade debts44 | €200,903 | €52,904 | €190,753 | €46,113 | €111,096 | ▲ 141% |
| Suppliers440/4 | - | €52,904 | €190,753 | €46,113 | €111,096 | ▲ 141% |
| Taxes, remuneration and social security45 | - | €34,386 | €18,000 | €44,125 | €27,878 | ▼ 36.8% |
| Taxes450/3 | - | €34,386 | €18,000 | €44,125 | €27,878 | ▼ 36.8% |
| Remuneration and social security454/9 | - | - | - | - | €0 | - |
| Other amounts payable47/48 | - | €211,210 | €62,370 | €105,118 | €238,167 | ▲ 127% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,309 | -€5,732 | €100,299 | -€58,721 | -€20,944 | ▲ 64.3% |
| + Depreciation and write-downs630 | €15,674 | €13,564 | €14,995 | €15,694 | €27,509 | ▲ 75.3% |
| Operating cash flow (approximation) | €21,983 | €7,833 | €115,294 | -€43,028 | €6,565 | ▲ 115% |
| Investment in fixed assets (approximation) | - | -€5,440 | -€7,070 | -€58,156 | -€149,594 | ▼ 157% |
| Change in cash | - | €41,068 | -€36,681 | €5,439 | -€2,415 | ▼ 144% |
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
2025
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 295 days late
2024
07-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 160 days late
2022
31-12
Financial
Weakest financial yearnet -€58,721
Net result drops to -€58,721, the lowest in the series; recovery starts the following year.
29-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 151 days late
13-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 500 days late
2021
31-12
Financial
Back to profitnet €100,299
Net result €100,299 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €105,210 ▲111%
Equity rises from €49,911 to €105,210.
16-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 259 days late
2019
02-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 63 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
18-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 49 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
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, Knokke-Heist · 1 establishment unit since 2006
Ground area
2,488 m²
Building footprint
440 m²
Volume, LiDAR
6,514 m³
Parcel 31337F0218/00_000, Flanders · tallest building 18.2 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MIKMAX
since 20062.286.030.375
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31337F0218/00_000 | Flanders | 2,488 m² | 1 · 440 m² | 18.2 m · 5 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.
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,914. 4,217 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded17-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883030194
Registered
08-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.