MIPE
ActiveSummary
MIPE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €180k and a net result of €-19k. Equity is growing by ~9.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability10▼-24
Solvency89▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.76 against 3.1 in 2024; short-term debt: 32.9% and cash: 1.2% of total assets), and 35.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 82
Relative position
BE, all sectors
reference
Sector 82
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
19 d early
2023
19 d early
2022
4 d early
2021
1 d early
2020
8 d early
2019
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€180k▼ 9.4%
2024 · €198k
2018: €77k
2019: €78k
2020: €148k
2021: €270k
2022: €307k
2023: €293k
2024: €198k
2018 → 2025
Total assets
€279k▼ 3.5%
2024 · €289k
2018: €346k
2019: €170k
2020: €222k
2021: €341k
2022: €377k
2023: €316k
2024: €289k
2018 → 2025
Net result
€-19k
2024 · €2k
2018: €43k
2019: €43k
2020: €70k
2021: €122k
2022: €66k
2023: €16k
2024: €2k
2018 → 2025
Working capital
€162k▼ 8.1%
2024 · €176k
2018: €110k
2019: €110k
2020: €176k
2021: €251k
2022: €269k
2023: €260k
2024: €176k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€270k-€307k▲ 13.4%€293k▼ 4.4%€198k▼ 32.3%€180k▼ 9.4%
Operating result€143k-€86k▼ 40.0%€64k▼ 25.2%€29k▼ 55.3%€-16k
Net result€122k-€66k▼ 46.2%€16k▼ 75.0%€2k▼ 87.6%€-19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €16k after €29k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €279k
Fixed assets
€25k ▼ 12.5%
Current assets
€254k ▼ 2.6%
Equity and liabilities €279k
Equity
€180k ▼ 9.4%
Debt
€99k ▲ 9.3%
Debt's share of the balance-sheet total rises from 31.4% to 35.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-11k▼
2024 · €34k
Cash flow
€-14k▼
2024 · €7k
Current ratio
2.76▼
2024 · 3.10
Debt to equity
0.55▲
2024 · 0.46
ROE
-10.4%▼
2024 · 1.0%
ROA
-6.7%▼
2024 · 0.7%
Interest coverage
-1.25▼
2024 · 1.71
Debt ≤ 1 year
€92k▲
2024 · €84k
Income taxes
€449▼
2024 · €7k
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 · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€289k€279k▼
Fixed assets21/28€29k€25k▼
Tangible fixed assets22/27€29k€25k▼
Plant, machinery and equipment23€839€600▼
Furniture and vehicles24€413-
Leasing and similar rights25-€973
Other tangible fixed assets26€28k€24k▼
Current assets29/58€260k€254k▼
Amounts receivable within one year40/41€20k€6k▼
Trade receivables40€19k€5k▼
Other amounts receivable41€2k€1k▼
Current investments50/53€218k€238k▲
Cash at bank and in hand54/58€19k€3k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€289k€279k▼
Equity10/15€198k€180k▼
Contributions10/11€19k€19k=
Reserves13€180k€161k▼
Distributable reserves133€180k€161k▼
Amounts payable17/49€91k€99k▲
Amounts payable within one year42/48€84k€92k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€8k€8k▼
Taxes450/3€6k€5k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€73k€82k▲
Accrued charges and deferred income492/3€7k€7k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k▼
Other operating charges640/8€3k€10k▲
Gross operating margin9900€37k€-1k▼
Operating profit (loss)9901€29k€-16k▼
Financial income75/76B€585€6k▲
Recurring financial income75€585€6k▲
Financial charges65/66B€20k€9k▼
Recurring financial charges65€20k€9k▼
Profit (loss) for the period before taxes9903€9k€-18k▼
Income taxes67/77€7k€449▼
Profit (loss) for the period9904€2k€-19k▼
Profit (loss) for the period to be appropriated9905€2k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-19k▼
Transfer from equity791/2€95k€19k▼
Transfer to equity691/2€378-
To other reserves6921€378-
Profit to be distributed694/7€97k-
Return on contributions (dividend)694€97k-
The notes to these accounts (5 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-19k ▼1016%
Net result drops to €-19k, the lowest in the series.
11-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 12.85
Current ratio from 4.88 to 12.85; short-term debt falls from €69k to €22k.
09-05
State Gazette act
General meeting · Director resignation
Permanent representative
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €122k ▲74.7%
Operating result €143k, net result €122k, both a record.
30-09
Financial
Equity above €200kEq €270k ▲82.7%
4 profitable years in a row build equity to €270k.
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-10
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
Show earlier events
30-09
Financial
Equity above €100kEq €148k ▲89.9%
3 profitable years in a row build equity to €148k.
28-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-07
State Gazette act
General meeting · Auditor appointment
Permanent representative · Director reappointment
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-10
State Gazette act
General meeting · Director appointment
Permanent representative
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
26-09
State Gazette act
General meeting · Director appointment
Permanent representative
26-09
State Gazette act
Board meeting · Director appointment
Permanent representative
26-09
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2015
23-07
State Gazette act
General meeting · Director appointment
Permanent representative · Auditor appointment
02-06
State Gazette act
Board meeting · Director appointment
Permanent representative · Mandate expiry
01-04
State Gazette act
General meeting · Director resignation
Permanent representative · Director reappointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Gent · 1 establishment unit since 2014
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.
Koraalwortelstraat 169041 GentGround area
868 m²
Building footprint
175 m²
Parcel 44051C0146/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
Koraalwortelstraat 16, 9041 Gent
since 20142.236.541.965
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051C0146/00M000 | Flanders | 868 m² | 1 · 175 m² | - |
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.
Structure & network
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
13 locations
Recognitions · licences · registrations
Legal Entity Identifier
9676001RLX2WVH7M6669
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Of 24,500 companies in sector 82990 we hold annual accounts for 9,404. 7,044 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
Founded17-11-2014
Fiscal year end30-09
Activities, NACEBEL 2025
82990Other business support services
66290Activities auxiliary to financial services and insurance activities
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.