MIO CARO
ActiveSummary
MIO CARO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.20M and a net result of €-816. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 9623 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability57▼-19
Solvency78▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 2.52 against 2.22 in 2023; short-term debt: 13.9% and cash: 18.1% of total assets), and 46.9% of the assets are financed with debt.
Credit advice for your own amount and term
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
53.1%
Return on assets
0%
Age of the figures
21 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-06-2025, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
50 d early
2023
20 d early
2022
6 d early
2021
32 d early
2020
2 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.20M▼ 16.7%
2023 · €1.44M
2018: €642k
2019: €813k
2020: €1.01M
2021: €1.14M
2022: €1.30M
2023: €1.44M
2018 → 2024
Total assets
€2.26M▼ 11.4%
2023 · €2.55M
2018: €2.20M
2019: €2.29M
2020: €2.63M
2021: €2.58M
2022: €2.52M
2023: €2.55M
2018 → 2024
Net result
€-816
2023 · €140k
2018: €230k
2019: €171k
2020: €194k
2021: €128k
2022: €169k
2023: €140k
2018 → 2024
Working capital
€478k▲ 22.8%
2023 · €389k
2018: €-57k
2019: €67k
2020: €-15k
2021: €82k
2022: €238k
2023: €389k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.01M-€1.14M▲ 12.8%€1.30M▲ 14.9%€1.44M▲ 10.7%€1.20M▼ 16.7%
Operating result€309k-€225k▼ 27.4%€275k▲ 22.3%€240k▼ 12.6%€52k▼ 78.4%
Net result€194k-€128k▼ 33.7%€169k▲ 31.4%€140k▼ 17.2%€-816
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 78% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.26M
Fixed assets
€1.47M ▼ 20.3%
Current assets
€792k ▲ 11.8%
Equity and liabilities €2.26M
Equity
€1.20M ▼ 16.7%
Debt
€1.06M ▼ 4.5%
Debt's share of the balance-sheet total rises from 43.5% to 46.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€181k▼
2023 · €387k
Cash flow
€128k▼
2023 · €287k
Current ratio
2.52▲
2023 · 2.22
Quick ratio
1.78▲
2023 · 1.68
Debt to equity
0.88▲
2023 · 0.77
ROE
-0.1%▼
2023 · 9.7%
ROA
0.0%▼
2023 · 5.5%
Interest coverage
4.57▼
2023 · 12.14
Debt ≤ 1 year
€314k▼
2023 · €319k
Debt > 1 year
€746k▼
2023 · €790k
Income taxes
€16k▼
2023 · €70k
Staff costs
€349k▲
2023 · €309k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.55M€2.26M▼
Fixed assets21/28€1.84M€1.47M▼
Tangible fixed assets22/27€1.84M€1.46M▼
Land and buildings22€1.60M€1.20M▼
Plant, machinery and equipment23€53k€33k▼
Furniture and vehicles24€193k€140k▼
Other tangible fixed assets26€2k€83k▲
Financial fixed assets28-€13k
Current assets29/58€709k€792k▲
Stocks and contracts in progress3€171k€233k▲
Stocks30/36€171k€233k▲
Amounts receivable within one year40/41€257k€147k▼
Trade receivables40€57k€28k▼
Other amounts receivable41€200k€119k▼
Cash at bank and in hand54/58€279k€410k▲
Deferred charges and accrued income490/1€1k€3k▲
Equity and liabilities
Total equity and liabilities10/49€2.55M€2.26M▼
Equity10/15€1.44M€1.20M▼
Contributions10/11€19k€19k=
Reserves13€1.43M€1.18M▼
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€1.42M€1.18M▼
Profit (loss) carried forward14-€-816
Amounts payable17/49€1.11M€1.06M▼
Amounts payable after more than one year17€790k€746k▼
Financial debts170/4€790k€746k▼
Amounts payable within one year42/48€319k€314k▼
Current portion of amounts payable after more than one year42€134k€127k▼
Financial debts43€42k€42k▼
Credit institutions430/8€42k€42k▼
Trade debts44€24k€43k▲
Suppliers440/4€24k€43k▲
Taxes, remuneration and social security45€119k€102k▼
Taxes450/3€85k€64k▼
Remuneration and social security454/9€35k€38k▲
Other amounts payable47/48-€202
Income statement
Code20232024
Non-recurring operating income76A€27k€58k▲
Remuneration, social security and pensions62€309k€349k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€147k€129k▼
Other operating charges640/8€18k€53k▲
Non-recurring operating charges66A€6k€714▼
Gross operating margin9900€720k€584k▼
Operating profit (loss)9901€240k€52k▼
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€32k€40k▲
Recurring financial charges65€32k€40k▲
Profit (loss) for the period before taxes9903€210k€15k▼
Income taxes67/77€70k€16k▼
Profit (loss) for the period9904€140k€-816▼
Profit (loss) for the period to be appropriated9905€140k€-816▼
Appropriation of the result
Profit (loss) to be appropriated9906€140k€-816▼
Transfer from equity791/2-€241k
Transfer to equity691/2€140k-
To other reserves6921€140k-
Profit to be distributed694/7-€241k
Return on contributions (dividend)694-€241k
Social balance
Average headcount (FTE)90878.07.3▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-816 ▼101%
Net result drops to €-816, the lowest in the series.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.01M ▲23.8%
3 profitable years in a row build equity to €1.01M.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Westerlo · 2 establishment units since 2013
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.
Zandberg 372260 WesterloGround area
1,880 m²
Building footprint
533 m²
Volume, LiDAR
4,089 m³
2 parcels, Flanders · tallest building 26.3 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
MIO CARO
since 20132.220.787.482
Lippenslaan 326, 8300 Knokke-Heist
since 20242.356.994.684
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049B0247/00B003 | Flanders | 1,622 m² | 1 · 411 m² | 8.7 m · 2 fl. |
| 31334B0283/00B000 | Flanders | 258 m² | 1 · 122 m² | 26.3 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWesterlo2.220.787.482
Similar companies · same sector, comparable size
VIRGUL
BE 0430.006.344
Jabbeke · Eq €1,212,905
Cetex Sud
BE 0560.708.993
Lebbeke · Eq €1,213,482
't Kapelleke Fashion
BE 0891.143.651
Deerlijk · Eq €1,189,367
HELGA CHANTRAINE
BE 0422.825.770
Hamois · Eq €1,176,842
VANHUYSSE
BE 0448.068.734
Zwevegem · Eq €1,237,498
Of 2,210 companies in sector 47711 we hold annual accounts for 888. 351 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-05-2013
Fiscal year end31-12
Activities, NACEBEL 2025
47711Retail sale of women's outerwear
47715Retail trade
56112Limited-service restaurants, excluding mobile food services
56120Mobile food service activities
56210Event catering
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.