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MITEL BELGIUM

Active
Public limited companyfounded 2003active for 23 yearsKardinaal Mercierplein 2, 2800 Mechelen, Belgium53 active companies are registered at this addressKBO/BCE: BE 0860.042.580
Summary

MITEL BELGIUM has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.9m and a net result of €437,034. Equity is growing by about 2.6% per year across the filed financial years. Its solvency ranks better than 63% of 6,035 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Wholesale of information and communication equipment
NACE 46500
1 site
Size
€8.6mtotal assets 2025
Staff
23.5 FTE
Equity
€4.9m
Profit
€437,034
Net result +239%: other schema
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
Parent
Mitel Europe Limited
Auditor: Callens Vandelanotte BVAccounts 22 days early2 of 30 deeds read
Why 85raises risk1 change of registered office in 24 months2 of the last 3 lateLiquidity: current ratio 2.86, cash €330,082lowers riskProfit of €437,034 (financial year 2025)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 62% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Strong
Solvency 82+9
equity 57.3% of total assets
Liquidity 39-5
short-term debt 34.7% · cash 3.8%
Profitability 75+5
return on assets 5.1%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (4,379 companies, NACE 46, small)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 1.0%▲ +0.6 percentage points vs 03-2025 05-2025: 1.0%● unchanged vs 04-2025 06-2025: 1.1%▲ +0.1 percentage points vs 05-2025 07-2025: 1.1%● unchanged vs 06-2025 08-2025: 1.4%▲ +0.3 percentage points vs 07-2025 09-2025: 1.8%▲ +0.4 percentage points vs 08-2025highest value 10-2025: 0.6%▼ -1.2 percentage points vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.6%● unchanged vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.7%▲ +0.1 percentage points vs 04-2026 06-2026: 0.8%▲ +0.1 percentage points vs 05-2026 07-2026: 0.8%● unchanged vs 06-2026 08-2026: 0.4%▼ -0.4 percentage points vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value
Credit of up to €410,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.86, compared with 3.45 in 2024, above the usual 1.5; short-term debt: 34.7% and cash: 3.8% of total assets), and 42.7% of the assets are financed with debt and provisions.
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 46, small): better than 66% on solvency, 44% on liquidity, 72% on profitability and 66% on growth.

The bankruptcy probability was computed on 14-10-2026 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

Five signals.
lowers riskraises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · 2 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 2.86, cash €330,082
NBB · annual accounts
lowers risk · Profit of €437,034 (financial year 2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
22 days early
2024
35 days late
2023
83 days late
2022
48 days early
2021
13 days early
2020
33 days early
2019
75 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 filed years within 48 days of that day).
Companies Code · seven months
Where today falls in the filing period
14-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Amendment of the articlesPower of attorney
  3. Highest result from 2018 to 2025net €437,034 ▲239%

Key points

  • Positive: Result rose in 2025different schema filed ▲ 239% View
  • Among the largest 5% on gross marginsector median €356,540 · 3,230 companies €5.8m View
  • Positive: 8 profitable years in a rowprofit 2025: €437,034 8 years View
  • Controlled by Mitel Europe Limited parent View

By topic

Financials

Financial year
2025
Total assets
€8.6m
Profit
€437,034
Solvency
57.3%
Total assets▼ 8.6%
Net result
20182025
Go to Financials

Timeline

Events
27
Since
2005
Next accounts
by 31-07-2027
  1. 09-09-2025Reappointment: Callens Vandelanotte BV (statutory auditor)
  2. 04-09-2025Annual accounts filed
  3. 22-10-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of information and communication equipmentNACE 46500
Founded
12-08-2003
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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