Mitect
ActiveSummary
Mitect has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225,275 and a net result of €38,218. Equity is growing by about 50% per year across the filed financial years. Its solvency ranks better than 68% of 11,709 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €225,275
- Profit
- €38,218
- Holdings
- 1
Why 96lowers riskLiquidity: current ratio 3.51, cash €243,622Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: total assets €318,186Equity €225,275 (70.8% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 71, micro): better than 70% on solvency, 81% on liquidity, 55% on profitability and 67% on growth.
The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 1 day after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Equity above €200,000equity €225,275 ▲20.4%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (5 days) Filed on 5 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00382406.
2023 to 2025, 3 financial years
The operating result falls in 2025; 2025 is 71% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €23,151 | €32,992 | ▲ 42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,518 | €22,131 | €17,654 | ▼ 20.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4,151 | - | - | - |
| Other operating charges640/8 | €15,410 | €5,642 | €5,741 | ▲ 1.8% |
| Gross operating margin9900 | €74,391 | €244,308 | €113,062 | ▼ 53.7% |
| Operating profit (loss)9901 | €47,311 | €193,384 | €56,674 | ▼ 70.7% |
| Financial income75/76B | €5,487 | €6,637 | €2,374 | ▼ 64.2% |
| Recurring financial income75 | €5,487 | €6,637 | €2,374 | ▼ 64.2% |
| Financial charges65/66B | €5,423 | €3,474 | €2,774 | ▼ 20.1% |
| Recurring financial charges65 | €5,423 | €3,474 | €2,774 | ▼ 20.1% |
| Profit (loss) for the period before taxes9903 | €47,375 | €196,546 | €56,274 | ▼ 71.4% |
| Income taxes67/77 | €12,067 | €47,797 | €18,056 | ▼ 62.2% |
| Profit (loss) for the period9904 | €35,308 | €148,749 | €38,218 | ▼ 74.3% |
| Profit (loss) for the period to be appropriated9905 | €35,308 | €148,749 | €38,218 | ▼ 74.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €246,441 | €297,466 | €318,186 | ▲ 7.0% |
| Fixed assets21/28 | €41,049 | €27,420 | €15,207 | ▼ 44.5% |
| Intangible fixed assets21 | - | - | €1,841 | - |
| Tangible fixed assets22/27 | €41,049 | €25,920 | €11,866 | ▼ 54.2% |
| Plant, machinery and equipment23 | €9,019 | €12,526 | €11,866 | ▼ 5.3% |
| Furniture and vehicles24 | €32,030 | €13,394 | - | - |
| Financial fixed assets28 | - | €1,500 | €1,500 | = |
| Current assets29/58 | €205,392 | €270,046 | €302,979 | ▲ 12.2% |
| Amounts receivable after more than one year29 | €185,289 | €141,289 | - | - |
| Trade receivables290 | €185,289 | €141,289 | - | - |
| Amounts receivable within one year40/41 | €20,003 | €97,395 | €50,009 | ▼ 48.7% |
| Trade receivables40 | €19,040 | €16,062 | €35,773 | ▲ 123% |
| Other amounts receivable41 | €963 | €81,333 | €14,236 | ▼ 82.5% |
| Cash at bank and in hand54/58 | €100 | €28,320 | €243,622 | ▲ 760% |
| Deferred charges and accrued income490/1 | - | €3,042 | €9,348 | ▲ 207% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €246,441 | €297,466 | €318,186 | ▲ 7.0% |
| Equity10/15 | €38,308 | €187,057 | €225,275 | ▲ 20.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €35,308 | €184,057 | €222,275 | ▲ 20.8% |
| Amounts payable17/49 | €208,132 | €110,409 | €92,911 | ▼ 15.8% |
| Amounts payable after more than one year17 | €23,196 | €15,141 | €6,658 | ▼ 56.0% |
| Financial debts170/4 | €23,196 | €15,141 | €6,658 | ▼ 56.0% |
| Amounts payable within one year42/48 | €184,936 | €95,267 | €86,253 | ▼ 9.5% |
| Current portion of amounts payable after more than one year42 | €7,644 | €8,055 | €8,484 | ▲ 5.3% |
| Trade debts44 | €172,216 | €36,230 | €17,730 | ▼ 51.1% |
| Suppliers440/4 | €172,216 | €36,230 | €17,730 | ▼ 51.1% |
| Taxes, remuneration and social security45 | €5,076 | €50,982 | €60,039 | ▲ 17.8% |
| Taxes450/3 | €5,076 | €48,744 | €56,306 | ▲ 15.5% |
| Remuneration and social security454/9 | - | €2,238 | €3,734 | ▲ 66.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,308 | €148,749 | €38,218 | ▼ 74.3% |
| + Depreciation and write-downs630 | €7,518 | €22,131 | €17,654 | ▼ 20.2% |
| Operating cash flow (approximation) | €42,826 | €170,880 | €55,872 | ▼ 67.3% |
| Investment in fixed assets (approximation) | - | -€8,502 | -€5,441 | ▲ 36.0% |
| Change in cash | - | €28,220 | €215,302 | ▲ 663% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 05-08-2026 | 2026-00382406 |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00449278 |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00188688 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €360 awarded · €360 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 24-12-2024 Capital stated in the deed · 100 shares
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
100%
According to the 2025 annual accounts of Mitect and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
The board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
24-12
Gazette deed
Purpose · Amendment of the articles · Resignations & appointmentsPurpose change · Capital · Power of attorney8 facts ▸
- General meeting, 20-12-2024
- Other provision, “statuten in overeenstemming brengen met wettelijke voorwaarden beroep architect als rechtspersoon, architectenregistratie en statutenconformiteit” (deed in Dutch)
- Other provision, “ontheffing voorlezing verslag, verslag van de bestuurder aangaande de vervanging van het voorwerp” (deed in Dutch)
- Other provision, “aanwezige aandeelhouder, ontvangst verslag” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Capital
- Power of attorney
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12404F0128/00C004 | Flanders | 1,888 m² | 1 · 106 m² | 6.5 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Mitect
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, mag bij enkel besluit bestuursorgaan exploitatiezetels oprichten of opheffen wanneer en waar nodig voor zover geen wijziging…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 14. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, worden alle bestuursbevoegdheden aan hem toegekend, met de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Artikel 13, algemene vergadering bepaalt aantal duur opdracht en bij meerdere bestuurders bevoegdheid” (deed in Dutch)“Vaste of evenredige vergoeding, Artikel 15” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, Artikel 9” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “In onderling overleg of bij betwisting door deskundige op basis van laatste balans laatste twee of drie balansen naargelang een twee of drie…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Naar evenredigheid aantal gehouden aandelen, inbreng in geld met uitgifte nieuwe aandelen – recht van voorkeur” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk tijdstip ook, algemene vergadering mag een of meer vereffenaars benoemen en bevoegdheden en emolumenten…” (deed in Dutch)