MIKODECOR
ActiveSummary
The computed 12-month bankruptcy probability of MIKODECOR is 1.7% (moderate). The 2024 annual accounts show equity of €24,362 and a net result of €6,086. Equity is shrinking by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 77% of 36378 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability91▲+91
Solvency97▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.08 against 5.33 in 2023; short-term debt: 28.4% and cash: 46.2% of total assets), and 28.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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 2024Solvency, return and age of the figures
Solvency
71.6%
Return on assets
17.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
not confirmed
2024
30 d late
2023
29 d late
2022
7 d early
2021
31 d late
2020
26 d late
2019
145 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 42 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€74,999
EBIT margin
8.8%
Net result
€6,086
2023 · -€13,570
Working capital
€20,039▲ 67.6%
2023 · €11,953
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 43, Specialised construction activities, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€3,054-€2,892▲ 5.3%-€1,043▲ 63.9%-€13,165▼ 1,162%€5,274
Net result-€3,733below the sector's middle half-€2,996below the sector's middle half▲ 19.7%-€1,211below the sector's middle half▲ 59.6%-€13,570below the sector's middle half▼ 1,021%€6,086within the sector's middle half
EBIT margin
Equity€36,054within the sector's middle half▼ 9.4%€33,057within the sector's middle half▼ 8.3%€31,846within the sector's middle half▼ 3.7%€18,277below the sector's middle half▼ 42.6%€24,362within the sector's middle half▲ 33.3%
Total assets€53,059below the sector's middle half▼ 8.2%€55,306below the sector's middle half▲ 4.2%€39,321below the sector's middle half▼ 28.9%€21,038below the sector's middle half▼ 46.5%€34,005below the sector's middle half▲ 61.6%
Debt€17,005▼ 5.7%€22,248▲ 30.8%€7,475▼ 66.4%€2,762▼ 63.1%€9,643▲ 249%
Working capital€28,750within the sector's middle half▲ 2.0%€30,010within the sector's middle half▲ 4.4%€21,687within the sector's middle half▼ 27.7%€11,953within the sector's middle half▼ 44.9%€20,039within the sector's middle half▲ 67.6%
Solvency68.0%above the sector's middle half▼ 0.9pp59.8%within the sector's middle half▼ 8.2pp81.0%above the sector's middle half▲ 21.2pp86.9%above the sector's middle half▲ 5.9pp71.6%above the sector's middle half▼ 15.2pp
Current ratio4.82above the sector's middle half▼ 1.592.85within the sector's middle half▼ 1.965.47above the sector's middle half▲ 2.615.33above the sector's middle half▼ 0.143.08within the sector's middle half▼ 2.25
Return on assets (ROA)-7.0%below the sector's middle half▼ 18.2pp-5.4%below the sector's middle half▲ 1.6pp-3.1%below the sector's middle half▲ 2.3pp-64.5%below the sector's middle half▼ 61.4pp17.9%above the sector's middle half▲ 82.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5,274 after a loss of €13,165 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34,005
Fixed assets
€4,323 ▼ 31.6%
Current assets
€29,682 ▲ 102%
Equity and liabilities €34,005
Equity
€24,362 ▲ 33.3%
Debt
€9,643 ▲ 249%
Debt's share of the balance-sheet total rises from 13.1% to 28.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€7,274▲
2023 · -€6,710
Cash flow
€8,086▲
2023 · -€7,115
Debt to equity
0.40▲
2023 · 0.15
ROE
25.0%▲
2023 · -74.2%
Interest coverage
50.75▲
2023 · -25.62
Debt ≤ 1 year
€9,643▲
2023 · €2,762
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 34,696 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,657 | €7,658 | €6,337 | €6,455 | €2,000 | ▼ 69.0% |
| Other operating charges640/8 | - | €130 | €558 | €868 | €634 | ▼ 27.0% |
| Gross operating margin9900 | €4,984 | €4,895 | €5,853 | -€5,842 | €7,908 | ▲ 235% |
| Operating profit (loss)9901 | -€3,054 | -€2,892 | -€1,043 | -€13,165 | €5,274 | ▲ 140% |
| Financial income75/76B | - | €10 | €0 | - | €955 | - |
| Recurring financial income75 | - | €10 | €0 | - | €955 | - |
| Financial charges65/66B | - | €294 | €396 | €262 | €143 | ▼ 45.3% |
| Recurring financial charges65 | €332 | €294 | €396 | €262 | €143 | ▼ 45.3% |
| Profit (loss) for the period before taxes9903 | -€3,386 | -€3,177 | -€1,438 | -€13,427 | €6,086 | ▲ 145% |
| Income taxes67/77 | €347 | -€180 | -€227 | €143 | - | - |
| Profit (loss) for the period9904 | -€3,733 | -€2,996 | -€1,211 | -€13,570 | €6,086 | ▲ 145% |
| Profit (loss) for the period to be appropriated9905 | -€3,733 | -€2,996 | -€1,211 | -€13,570 | €6,086 | ▲ 145% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €53,059 | €55,306 | €39,321 | €21,038 | €34,005 | ▲ 61.6% |
| Fixed assets21/28 | €16,773 | €9,115 | €12,778 | €6,323 | €4,323 | ▼ 31.6% |
| Tangible fixed assets22/27 | €16,773 | €9,115 | €12,778 | €6,323 | €4,323 | ▼ 31.6% |
| Furniture and vehicles24 | - | €8,910 | €12,778 | €6,323 | €4,323 | ▼ 31.6% |
| Other tangible fixed assets26 | - | €206 | - | - | - | - |
| Current assets29/58 | €36,285 | €46,190 | €26,543 | €14,715 | €29,682 | ▲ 102% |
| Amounts receivable within one year40/41 | €31,421 | €40,466 | €22,510 | €12,351 | €13,957 | ▲ 13.0% |
| Trade receivables40 | - | €9,132 | €1,047 | - | - | - |
| Other amounts receivable41 | - | €31,334 | €21,463 | €12,351 | €13,957 | ▲ 13.0% |
| Cash at bank and in hand54/58 | €4,865 | €5,024 | €4,033 | €1,288 | €15,725 | ▲ 1,121% |
| Deferred charges and accrued income490/1 | - | €700 | - | €1,075 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €53,059 | €55,306 | €39,321 | €21,038 | €34,005 | ▲ 61.6% |
| Equity10/15 | €36,054 | €33,057 | €31,846 | €18,277 | €24,362 | ▲ 33.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €15,594 | €12,597 | €11,386 | -€2,183 | €3,902 | ▲ 279% |
| Amounts payable17/49 | €17,005 | €22,248 | €7,475 | €2,762 | €9,643 | ▲ 249% |
| Amounts payable after more than one year17 | €9,470 | €6,068 | €2,619 | - | - | - |
| Financial debts170/4 | - | €6,068 | €2,619 | - | - | - |
| Amounts payable within one year42/48 | €7,535 | €16,180 | €4,856 | €2,762 | €9,643 | ▲ 249% |
| Current portion of amounts payable after more than one year42 | - | €3,402 | €3,449 | €2,619 | - | - |
| Trade debts44 | €1,931 | €12,429 | €1,288 | - | €9,643 | - |
| Suppliers440/4 | - | €12,429 | €1,288 | - | €9,643 | - |
| Taxes, remuneration and social security45 | - | €347 | €119 | €143 | - | - |
| Taxes450/3 | - | €347 | €119 | €143 | - | - |
| Other amounts payable47/48 | - | €3 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,733 | -€2,996 | -€1,211 | -€13,570 | €6,086 | ▲ 145% |
| + Depreciation and write-downs630 | €7,657 | €7,658 | €6,337 | €6,455 | €2,000 | ▼ 69.0% |
| Operating cash flow (approximation) | €3,924 | €4,662 | €5,126 | -€7,115 | €8,086 | ▲ 214% |
| Investment in fixed assets (approximation) | - | €0 | -€10,000 | -€0 | €0 | ▲ 100% |
| Change in cash | - | €159 | -€990 | -€2,745 | €14,437 | ▲ 626% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €6,086
Net result €6,086 after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet -€13,570
Net result drops to -€13,570, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 145 days late
2019
31-12
Financial
Highest result since 2018net €6,479 ▲1.7%
Operating result €7,140, net result €6,479, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 8 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
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, Anderlecht · 1 establishment unit since 2007
Ground area
93 m²
Building footprint
76 m²
Volume, LiDAR
465 m³
Parcel 21304B0090/00B003, Brussels · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MOKIDECOR
since 20072.164.633.192
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0090/00B003 | Brussels | 93 m² | 1 · 76 m² | 13.2 m · 2 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 15,518 companies in sector 43990 we hold annual accounts for 7,426. 5,460 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
Founded13-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890044977
Also
9925:BE0890044977
Registered
29-12-2025
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.