MIMOPA
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 6 days after the deadline Filed on 6 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00393361.
Annual accounts 2025 filed on 06-08-2026 at the NBB all 15 filings
Every figure per financial year
The operating result for 2025 is a profit of €17,087, after a loss of €23,152 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €130,000 | €230,000 | €10,328 | - | €7,731 |
| Depreciation and write-downs of the year | €67,065 | €70,262 | €67,870 | €70,886 | €69,070 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €12,017 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €82,990 | €72,982 | €91,397 | €67,065 | €70,262 | €67,870 | €70,886 | €69,070 | ▼ 2.6% |
| Other operating charges640/8 | - | - | - | €9,791 | €45,913 | €10,961 | €10,690 | €11,851 | ▲ 10.9% |
| Gross operating margin9900 | €48,562 | €61,531 | €70,930 | €79,783 | €89,756 | €112,947 | €58,424 | €98,008 | ▲ 67.8% |
| Operating profit (loss)9901 | -€56,165 | -€19,286 | -€29,197 | €2,928 | -€26,418 | €34,116 | -€23,152 | €17,087 | - |
| Financial income75/76B | - | - | - | €181 | - | €6 | €2 | €2 | ▲ 3.6% |
| Recurring financial income75 | - | - | - | €181 | - | €6 | €2 | €2 | ▲ 3.6% |
| Financial charges65/66B | - | - | - | €120 | €125 | €125 | €135 | €150 | ▲ 11.1% |
| Recurring financial charges65 | €106 | €111 | €110 | €120 | €125 | €125 | €135 | €150 | ▲ 11.1% |
| Profit (loss) for the period before taxes9903 | -€56,271 | -€19,398 | -€29,306 | €2,988 | -€26,543 | €33,997 | -€23,285 | €16,939 | - |
| Transfer from deferred taxes780 | - | - | - | €6,302 | €6,529 | €12,020 | €5,881 | €5,881 | = |
| Income taxes67/77 | - | - | - | €1,957 | - | €13,248 | - | €9,623 | - |
| Profit (loss) for the period9904 | -€50,622 | -€13,748 | -€23,575 | €7,334 | -€20,014 | €32,768 | -€17,404 | €13,197 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €12,233 | €12,675 | €23,298 | €11,416 | €11,416 | = |
| Profit (loss) for the period to be appropriated9905 | -€39,655 | -€2,781 | -€12,450 | €19,567 | -€7,339 | €56,066 | -€5,989 | €24,613 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.5m | €1.5m | €1.4m | €1.4m | €1.5m | €1.4m | €1.3m | €1.3m | ▼ 0.3% |
| Fixed assets21/28 | €1.2m | €1.1m | €1.2m | €1.3m | €1.4m | €1.3m | €1.2m | €1.2m | ▼ 5.0% |
| Tangible fixed assets22/27 | €1.2m | €1.1m | €1.2m | €1.3m | €1.4m | €1.3m | €1.2m | €1.2m | ▼ 5.0% |
| Land and buildings22 | - | - | - | €1.3m | €1.4m | €1.3m | €1.2m | €1.2m | ▼ 5.0% |
| Current assets29/58 | €0.3m | €0.4m | €0.2m | €0.1m | €0.03m | €0.08m | €0.08m | €0.1m | ▲ 69.2% |
| Amounts receivable within one year40/41 | €0.06m | €0.04m | - | €0.001m | €0.001m | - | €0.01m | €0.01m | = |
| Other amounts receivable41 | - | - | - | €0.001m | €0.001m | - | €0.01m | €0.01m | = |
| Cash at bank and in hand54/58 | €0.2m | €0.3m | €0.2m | €0.1m | €0.03m | €0.08m | €0.07m | €0.1m | ▲ 80.2% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.003m | ▲ 27.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.5m | €1.5m | €1.4m | €1.4m | €1.5m | €1.4m | €1.3m | €1.3m | ▼ 0.3% |
| Equity10/15 | €1.4m | €1.4m | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 1.1% |
| Contributions10/11 | €0.05m | €0.05m | - | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €1.2m | €1.2m | ▲ 1.1% |
| Non-distributable reserves130/1 | - | - | - | €0.005m | €0.005m | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.005m | €0.005m | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 11.1% |
| Distributable reserves133 | - | - | - | €1.1m | €1.0m | €1.1m | €1.1m | €1.1m | ▲ 2.3% |
| Provisions and deferred taxes16 | €0.1m | €0.09m | €0.08m | €0.08m | €0.07m | €0.06m | €0.05m | €0.05m | ▼ 11.1% |
| Deferred taxes168 | - | - | - | €0.08m | €0.07m | €0.06m | €0.05m | €0.05m | ▼ 11.1% |
| Amounts payable17/49 | €0.03m | €0.02m | €0.01m | €0.01m | €0.2m | €0.09m | €0.04m | €0.03m | ▼ 28.6% |
| Amounts payable after more than one year17 | €0.004m | €0.007m | €0.007m | €0.007m | €0.01m | €0.01m | €0.01m | €0.009m | ▼ 5.1% |
| Other amounts payable178/9 | - | - | - | €0.007m | €0.01m | €0.01m | €0.01m | €0.009m | ▼ 5.1% |
| Amounts payable within one year42/48 | €0.02m | €0.01m | €0.002m | €0.001m | €0.2m | €0.08m | €0.03m | €0.01m | ▼ 43.8% |
| Trade debts44 | €209 | €171 | €176 | €432 | €0.001m | €0.001m | €0.001m | €34 | ▼ 95.3% |
| Suppliers440/4 | - | - | - | €432 | €0.001m | €0.001m | €0.001m | €34 | ▼ 95.3% |
| Taxes, remuneration and social security45 | - | - | - | - | - | €0.01m | - | €0.002m | - |
| Taxes450/3 | - | - | - | - | - | €0.01m | - | €0.002m | - |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.2m | €0.06m | €0.03m | €0.01m | ▼ 50.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.005m | €0.004m | €0.003m | €0.003m | €0.004m | ▲ 31.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€50,622 | -€13,748 | -€23,575 | €7,334 | -€20,014 | €32,768 | -€17,404 | €13,197 | - |
| + Depreciation and write-downs630 | €82,990 | €72,982 | €91,397 | €67,065 | €70,262 | €67,870 | €70,886 | €69,070 | ▼ 2.6% |
| Operating cash flow (approximation) | €32,368 | €59,234 | €67,822 | €74,399 | €50,248 | €100,639 | €53,482 | €82,266 | ▲ 53.8% |
| Investment in fixed assets (approximation) | - | -€3,277 | -€187,924 | -€130,000 | -€230,000 | €67,655 | €0 | -€7,731 | - |
| Change in cash | - | €65,219 | -€127,339 | -€61,443 | -€95,975 | €53,571 | -€11,325 | €56,996 | - |
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, 6,049 companies had the same profile as MIMOPA has now. Two years later, 96.0% were still going and 0.4% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of MIMOPA itself: < 0.1% 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 6,049 companies, not a prediction for MIMOPA. 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.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 06-08-2026 | 2026-00393361 | |
| 31-12-2024 | micro format | 16-07-2025 | 2025-00294347 | |
| 31-12-2023 | micro format | 13-08-2024 | 2024-00352891 | |
| 31-12-2022 | micro format | 23-08-2023 | 2023-00344588 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20442426 | |
| 31-12-2020 | micro format | 25-10-2021 | 2021-72700131 | |
| 31-12-2019 | micro format | 24-09-2020 | 2020-55500491 | |
| 31-12-2018 | micro format | 27-09-2019 | 2019-66300048 | |
| 31-12-2017 | abbreviated format | 24-08-2018 | 2018-49400315 | |
| 31-12-2016 | abbreviated format | 25-08-2017 | 2017-49400571 |