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MIKU Creation

Active
Private limited companyfounded 2024active for 2 yearsVanderperrenstraat 7, 1090 Jette, BelgiumKBO/BCE: BE 1014.170.632

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 30-04-2026 at the NBB

Turnover
€286,816
EBIT margin
7.3%
Net result
€17,089
Working capital
€17,364
Balance-sheet composition
Assets €27,958
Fixed assets €4,725
Current assets €23,233
Equity and liabilities €27,958
Equity €22,089
Debt €5,869
Debt's share of the balance-sheet total is 21.0%.
Key figures and ratios
2025 value
EBITDA
€22,261
Cash flow
€18,295
Current ratio
3.96
Debt to equity
0.27
ROE
77.4%
ROA
61.1%
Interest coverage
over 100
Debt ≤ 1 year
€5,869
Income taxes
€4,342
Customer credit
22 days

Investments

fixed assets acquired
Item30-09-2025
Tangible fixed assets€5,931
Depreciation and write-downs of the year€1,205

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€27,958
Fixed assets21/28€4,725
Tangible fixed assets22/27€4,725
Furniture and vehicles24€4,725
Current assets29/58€23,233
Amounts receivable within one year40/41€23,224
Trade receivables40€17,181
Other amounts receivable41€6,043
Cash at bank and in hand54/58€9
Equity and liabilities
Total equity and liabilities10/49€27,958
Equity10/15€22,089
Contributions10/11€5,000
Profit (loss) carried forward14€17,089
Amounts payable17/49€5,869
Amounts payable within one year42/48€5,869
Taxes, remuneration and social security45€4,342
Taxes450/3€4,342
Other amounts payable47/48€1,527
Income statement Code2025
Turnover70€286,816
Goods, raw materials, services and sundry goods60/61€263,090
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,205
Other operating charges640/8€1,465
Gross operating margin9900€23,726
Operating profit (loss)9901€21,055
Financial income75/76B€438
Recurring financial income75€438
Financial charges65/66B€63
Recurring financial charges65€63
Profit (loss) for the period before taxes9903€21,431
Income taxes67/77€4,342
Profit (loss) for the period9904€17,089
Profit (loss) for the period to be appropriated9905€17,089
Appropriation of the result
Profit (loss) to be appropriated9906€17,089

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-04-2026.

Line2025
Turnover70€286,816
Goods, raw materials, services and sundry goods60/61€263,090
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,205
Other operating charges640/8€1,465
Gross operating margin9900€23,726
Operating profit (loss)9901€21,055
Financial income75/76B€438
Recurring financial income75€438
Financial charges65/66B€63
Recurring financial charges65€63
Profit (loss) for the period before taxes9903€21,431
Income taxes67/77€4,342
Profit (loss) for the period9904€17,089
Profit (loss) for the period to be appropriated9905€17,089
Line2025
Assets
Total assets20/58€27,958
Fixed assets21/28€4,725
Tangible fixed assets22/27€4,725
Furniture and vehicles24€4,725
Current assets29/58€23,233
Amounts receivable within one year40/41€23,224
Trade receivables40€17,181
Other amounts receivable41€6,043
Cash at bank and in hand54/58€9
Equity and liabilities
Total equity and liabilities10/49€27,958
Equity10/15€22,089
Contributions10/11€5,000
Profit (loss) carried forward14€17,089
Amounts payable17/49€5,869
Amounts payable within one year42/48€5,869
Taxes, remuneration and social security45€4,342
Taxes450/3€4,342
Other amounts payable47/48€1,527
Line2025
Profit (loss) for the period9904€17,089
+ Depreciation and write-downs630€1,205
Operating cash flow (approximation)€18,295

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 39,278 companies had the same profile as MIKU Creation has now. Two years later, 95.8% were still going and 1.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.8% was still going
2.3% stopped otherwise
1.8% went bankrupt

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of MIKU Creation itself is higher: 4.8% within 12 months. It rests on far more data about MIKU Creation than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 39,278 companies, not a prediction for MIKU Creation. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
30-09-2025 micro format 30-04-2026 2026-00103606 PDF

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