MIMMO
ActiveMIMMO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.40M and a net result of €-31k. Equity is growing by ~27.1% per year across the filed fiscal years. Its solvency ranks better than 30% of 4489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
20
/ 100
Critical▼ -24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-6
Solvency12▼-5
Growth68▼-17
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.02 in 2024), and 82.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Sector 68
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.7%
Return on assets
0%
Age of the figures
8 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
14 d early
2023
21 d early
2022
19 d early
2021
16 d early
2020
16 d early
2019
17 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.13M▲ 39.3%
2019 · €808k
2018: €670k
2019: €808k
2018 → 2020
EBIT margin
73.4%▲ 65.5pp
2019 · 7.9%
2018: 27.4%
2019: 7.9%
2018 → 2020
Net result
€-31k
2024 · €182k
2018: €47k
2019: €-106k
2020: €602k
2021: €2.64M
2022: €-648k
2023: €-111k
2024: €182k
2018 → 2025
Working capital
€-49.93M▼ 44.9%
2024 · €-34.45M
2018: €-7.53M
2019: €-8.79M
2020: €-8.55M
2021: €-4.71M
2022: €-9.72M
2023: €-27.87M
2024: €-34.45M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6.18M-€5.54M▼ 10.4%€6.25M▲ 12.9%€16.44M▲ 163%€16.40M▼ 0.2%
Operating result€3.03M-€-294k€-14k▲ 95.3%€455k€831k▲ 82.5%
Net result€2.64M-€-648k€-111k▲ 82.8%€182k€-31k
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 83% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €92.74M
Fixed assets
€91.64M▲ 20.2%
Current assets
€1.10M▲ 47.8%
Equity and liabilities €92.74M
Equity
€16.40M▼ 0.2%
Provisions
€236k=
Debt
€76.10M▲ 26.2%
The debt ratio rises from 78.3% to 82.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€2.59M▲
2024 · €1.44M
Cash flow
€1.73M▲
2024 · €1.17M
Solvency
17.7%▼
2024 · 21.4%
Current ratio
0.02▲
2024 · 0.02
Quick ratio
0.02▲
2024 · 0.02
Debt / equity
4.64▲
2024 · 3.67
ROE
-0.2%▼
2024 · 1.1%
ROA
0.0%▼
2024 · 0.2%
Interest coverage
3.01▼
2024 · 5.20
Debt
€76.10M▲
2024 · €60.30M
Debt ≤ 1 year
€51.03M▲
2024 · €35.19M
Debt > 1 year
€25.08M=
2024 · €25.09M
Staff costs
€28k▲
2024 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€76.97M€92.74M▲
Fixed assets21/28€76.23M€91.64M▲
Intangible fixed assets21€1.11M€969k▼
Tangible fixed assets22/27€75.12M€90.68M▲
Land and buildings22€30.67M€48.51M▲
Plant, machinery and equipment23€22k€18k▼
Furniture and vehicles24€73k€72k▼
Other tangible fixed assets26€245k€241k▼
Assets under construction and advance payments27€44.11M€41.83M▼
Financial fixed assets28€250€250=
Current assets29/58€744k€1.10M▲
Amounts receivable within one year40/41€267k€482k▲
Trade receivables40€116k€117k▲
Other amounts receivable41€151k€365k▲
Cash at bank and in hand54/58€228k€462k▲
Deferred charges and accrued income490/1€249k€156k▼
Equity and liabilities
Total equity and liabilities10/49€76.97M€92.74M▲
Equity10/15€16.44M€16.40M▼
Contributions10/11€10.67M€10.67M=
Capital10€10.67M€10.67M=
Issued capital100€10.67M€10.67M=
Outside capital11€0-
Share premium1100/10€0-
Revaluation surpluses12€3.14M€3.14M=
Reserves13€766k€766k=
Non-distributable reserves130/1€58k€58k=
Legal reserve130€58k€58k=
Tax-exempt reserves132€708k€708k=
Profit (loss) carried forward14€1.85M€1.82M▼
Provisions and deferred taxes16€236k€236k=
Deferred taxes168€236k€236k=
Amounts payable17/49€60.30M€76.10M▲
Amounts payable after more than one year17€25.09M€25.08M=
Financial debts170/4€25.09M€25.08M=
Amounts payable within one year42/48€35.19M€51.03M▲
Current portion of amounts payable after more than one year42€1.80M€1.95M▲
Financial debts43€19.61M€29.78M▲
Credit institutions430/8€19.61M€29.78M▲
Trade debts44€2.07M€3.81M▲
Suppliers440/4€2.07M€3.81M▲
Taxes, remuneration and social security45€935€2k▲
Remuneration and social security454/9€935€2k▲
Other amounts payable47/48€11.71M€15.48M▲
Accrued charges and deferred income492/3€19k€0▼
Income statement
Code20242025
Non-recurring operating income76A-€24k
Remuneration, social security and pensions62€25k€28k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€989k€1.76M▲
Other operating charges640/8€170k€180k▲
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€1.64M€2.80M▲
Operating profit (loss)9901€455k€831k▲
Financial income75/76B€4k€0▼
Recurring financial income75€4k€0▼
Financial charges65/66B€278k€862k▲
Recurring financial charges65€278k€862k▲
Profit (loss) for the period before taxes9903€182k€-31k▼
Income taxes67/77€0-
Profit (loss) for the period9904€182k€-31k▼
Profit (loss) for the period to be appropriated9905€182k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.85M€1.82M▼
Profit (loss) brought forward from the previous period14P€1.67M€1.85M▲
Social balance
Average headcount (FTE)90870.50.5=
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €182k
Net result €182k after 2 loss-making years.
31-12
Financial
Equity above €10MEq €16.44M ▲163%
Equity rises from €6.25M to €16.44M.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-648k ▼125%
Net result drops to €-648k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €2.64M ▲339%
Operating result €3.03M, net result €2.64M, both a record.
31-12
Financial
Equity above €5MEq €6.18M ▲74.9%
2 profitable years in a row build equity to €6.18M.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €602k
Net result €602k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2024
Veka Consult BV
CurrentDirector · since 15-07-2024 · Legal entity
Frank Vergalle
CurrentDirector · since 07-08-2018
Ciskon BVBA, vertegenwoordigd door de heer Francis Vergalle
Not recently confirmedDirector · since 07-08-2018 · Legal entity
LV-Consulting BVBA, vertegenwoordigd door de heer Lieven Vergalle
Not recently confirmedDirector · since 07-08-2018 · Legal entity
30-08-2024
Frank Vergalle: Appointed as Director
30-08-2024
Frank Vergalle: Appointed as Managing director
30-08-2024
Frank Vergalle: Appointed as Chair
15-07-2024
Veka Consult BV: Appointed as Director
15-07-2024
Wim Rutsaert: Appointed as Vaste vertegenwoordiger van moore audit bv
05-08-2020
Wim Rutsaert: Appointed as Vaste vertegenwoordiger
26-11-2018
Frank Vergalle: Appointed as Voorzitter van de raad van bestuur
26-11-2018
Frank Vergalle: Appointed as Managing director
07-08-2018
Frank Vergalle: Appointed as Director
07-08-2018
Frank Vergalle: Appointed as Managing director
07-08-2018
Ciskon BVBA, vertegenwoordigd door de heer Francis Vergalle: Appointed as Director
07-08-2018
LV-Consulting BVBA, vertegenwoordigd door de heer Lieven Vergalle: Appointed as Director
28-07-2017
Peter Verschelden: Appointed as Vaste vertegenwoordiger
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1988
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Warandestraat 458790 WaregemGround area
4,684 m²
Building footprint
193 m²
Volume, LiDAR
2,543 m³
Parcel 34452B0313/00B002, Flanders · tallest building 18.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Mimmo
since 19882.033.265.104
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0313/00B002 | Flanders | 4,684 m² | 1 · 193 m² | 18.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
3 auditors| Moore Audit BVCurrent Statutory auditor | 15-07-2024 → present |
Show 2 earlier auditors
| Burg. CVBA Moore Stephens Audit Statutory auditor succeeded by Mocre Audit BV in 2020 | 28-07-2017 → 05-08-2020 |
| Mocre Audit BV Statutory auditor succeeded by Moore Audit BV in 2024 | 05-08-2020 → 15-07-2024 |
Similar companies · same sector, comparable size
EFIMO FP
BE 0803.395.966
Paliseul · Eq €16.35M
IMMO FALCONIS
BE 0897.921.278
Leuven · Eq €16.30M
FOMINVEST
BE 0429.249.249
Ukkel · Eq €16.55M
BREDIMO
BE 0445.435.381
Leuven · Eq €16.62M
PARK NATIONS
BE 0809.690.573
Brussel · Eq €16.17M
Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 1,519 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-01-1988
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70311
68122Development of non-residential building projects
68310Real estate agency activities
68311Real estate activities
70321
81100Combined facilities support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.