MiKo
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €3,709, after a profit of €20,319 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | - | €3,914 | €1,294 |
| Depreciation and write-downs of the year | - | €603 | €1,026 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,067 | €2,034 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €603 | €1,026 | ▲ 70.1% |
| Other operating charges640/8 | - | €444 | €1,518 | ▲ 242% |
| Gross operating margin9900 | €12,938 | €23,400 | -€1,165 | - |
| Operating profit (loss)9901 | €11,871 | €20,319 | -€3,709 | - |
| Financial income75/76B | €0 | - | €169 | - |
| Recurring financial income75 | €0 | - | €169 | - |
| Financial charges65/66B | €193 | €2,203 | €1,827 | ▼ 17.1% |
| Recurring financial charges65 | €193 | €2,203 | €1,827 | ▼ 17.1% |
| Profit (loss) for the period before taxes9903 | €11,678 | €18,116 | -€5,367 | - |
| Income taxes67/77 | €2,492 | €4,473 | €86 | ▼ 98.1% |
| Profit (loss) for the period9904 | €9,186 | €13,643 | -€5,453 | - |
| Profit (loss) for the period to be appropriated9905 | €9,186 | €13,643 | -€5,453 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €20,653 | €40,560 | €29,515 | ▼ 27.2% |
| Fixed assets21/28 | - | €3,311 | €3,580 | ▲ 8.1% |
| Tangible fixed assets22/27 | - | €3,311 | €3,580 | ▲ 8.1% |
| Plant, machinery and equipment23 | - | - | €785 | - |
| Furniture and vehicles24 | - | €3,311 | €2,795 | ▼ 15.6% |
| Current assets29/58 | €20,653 | €37,249 | €25,935 | ▼ 30.4% |
| Amounts receivable within one year40/41 | €9,055 | €9,768 | €14,084 | ▲ 44.2% |
| Trade receivables40 | €9,055 | €9,134 | €10,250 | ▲ 12.2% |
| Other amounts receivable41 | - | €634 | €3,833 | ▲ 505% |
| Cash at bank and in hand54/58 | €11,598 | €27,481 | €11,533 | ▼ 58.0% |
| Deferred charges and accrued income490/1 | - | - | €319 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €20,653 | €40,560 | €29,515 | ▼ 27.2% |
| Equity10/15 | €11,686 | €25,329 | €19,876 | ▼ 21.5% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | - | €17,376 | - |
| Distributable reserves133 | - | - | €17,376 | - |
| Profit (loss) carried forward14 | €9,186 | €22,829 | - | - |
| Amounts payable17/49 | €8,967 | €15,231 | €9,639 | ▼ 36.7% |
| Amounts payable within one year42/48 | €8,967 | €15,231 | €9,639 | ▼ 36.7% |
| Trade debts44 | €2,499 | €1,238 | €2,750 | ▲ 122% |
| Suppliers440/4 | €2,499 | €1,238 | €2,750 | ▲ 122% |
| Taxes, remuneration and social security45 | €6,468 | €13,992 | €6,889 | ▼ 50.8% |
| Taxes450/3 | €6,468 | €13,992 | €6,889 | ▼ 50.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,186 | €13,643 | -€5,453 | - |
| + Depreciation and write-downs630 | - | €603 | €1,026 | ▲ 70.1% |
| Operating cash flow (approximation) | €9,186 | €14,246 | -€4,427 | - |
| Investment in fixed assets (approximation) | - | - | -€1,294 | - |
| Change in cash | - | €15,883 | -€15,948 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,223 companies had the same profile as MiKo has now. Two years later, 87.8% were still going and 3.4% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MiKo itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,223 companies, not a prediction for MiKo. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.