MIPA
ActiveFrom the official registers: KBO 34 annual accounts at the National Bank publications in the Belgian Official Gazette
The file of MIPA contains 1 historical bankruptcy publication, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 0.5% (very low). The 2025 annual accounts show equity of €32,620 and a net result of -€15,200. Equity has been shrinking by about 15% per year since 2018. Its solvency ranks better than 69% of 13,716 sector peers (NACE 46, financial year 2025).
Overview
Official details
KBO- Status
- Active since 06-04-1992 Normal situation
- Legal form
- Private limited company (pre-2019)
- Registered office
- Vloeiherkstraat 2/2, 3830 Wellen
- Activity
- Wholesale of electrical equipment, including installation materials NACE 46643
- Establishment unit
- 2.057.104.338 3830 Wellen, since 28-08-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- -€3,371
- ▼ 263%
- Loss
- €15,200
- ▲ 12.1%
- Equity
- €32,620
- ▼ 31.8%
- Total assets
- €50,814
- ▼ 24.8%
Score breakdownraises riskLoss of €15,200, the second in a row (financial year 2025)Liquidity: current ratio 1.40, cash €175, halvedlowers riskFounded in 1992Size: total assets €50,814Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 70% of them on solvency, 32% on liquidity, 6% on profitability and 14% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Key points
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 09-07-2026
- Annual accounts 2024filed on 09-07-2025
- Annual accounts 2023filed on 02-07-2024
- Annual accounts 2022filed on 30-06-2023
Acts in the Belgian Official Gazette
All publications in the Belgian Official GazetteArticles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about MIPA
- What is the company number of MIPA?
- The company number of MIPA is 0447.046.967. The VAT number is the same number with BE in front: BE 0447.046.967.
- Where is MIPA based?
- The registered office is at Vloeiherkstraat 2/2, 3830 Wellen.Company details
- What does MIPA do?
- According to the KBO register, the main activity is wholesale of electrical equipment, including installation materials (NACE 46643).
- What is the legal form of MIPA?
- The legal form of MIPA is Private limited company (pre-2019) (BVBA).
- When was MIPA founded?
- MIPA was founded on 06-04-1992.
- Is MIPA still active?
- Yes, MIPA is an active enterprise in the KBO register.
- What is the turnover of MIPA?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is MIPA profitable?
- In financial year 2025, MIPA made a loss of €15,200.
- Where can I find the annual accounts of MIPA?
- MIPA filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
- When are the next annual accounts of MIPA due?
- MIPA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Comparable companies
These companies have the same main activity as MIPA: wholesale of electrical equipment, including installation materials (NACE 46643). They are comparable in size and age: total assets between €39,600 and €76,900, founded between 1988 and 1997.
| Company | Total assets | Gross margin |
|---|---|---|
| MIPA Wellen | €50,814 | -€3,371 |
| DYNACAD Watermaal-Bosvoorde | €50,504 | -€11,995 |
| VAN DER STAR ELECTROMOTOREN Kinrooi | €76,854 | -€26,958 |
| M.S.G. ELECTRONICS Quaregnon | €65,926 | -€3,822 |
| GREENWICH ELECTRONICS Ottignies-Louvain-la-Neuve | €74,453 | -€289 |
| PERFRA BELGIUM Kapellen | €39,577 | -€1,162 |
| ELECTRONIC PRODUCTS Pajottegem | €70,001 | -€8,207 |
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