MITEM
ActiveSummary
MITEM has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252k and a net result of €25k. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+46
Solvency40▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.83 against 1.13 in 2024; short-term debt: 85.1% and cash: 0.3% of total assets), and 85.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.9%
Return on assets
1.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2699 sector peers (2025).
NBB · sector comparisonPosition among 2699 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
92 d late
2022
86 d late
2021
10 d late
2020
1 d late
2019
1 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€25k▲ 560%
2024 · €4k
2019: €36khighest in 7 years
2020: €15k▼ -59.8% vs 2019
2021: €21k▲ +44.9% vs 2020
2022: €24k▲ +13.3% vs 2021
2023: €29k▲ +21.6% vs 2022
2024: €4k▼ -87.3% vs 2023lowest in 7 years
2025: €25k▲ +560% vs 2024
2019 → 2025
Working capital
€-240k
2024 · €185k
2019: €49k
2020: €59k▲ +21.5% vs 2019
2021: €119k▲ +100% vs 2020
2022: €71k▼ -40.5% vs 2021
2023: €212k▲ +199% vs 2022highest in 7 years
2024: €185k▼ -12.5% vs 2023
2025: €-240k▼ -230% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€85k-€109k▲ 28.4%€224k▲ 106%€228k▲ 1.7%€252k▲ 10.8%
2021: €85klowest in 5 years
2022: €109k▲ +28.4% vs 2021
2023: €224k▲ +106% vs 2022
2024: €228k▲ +1.7% vs 2023
2025: €252k▲ +10.8% vs 2024highest in 5 years
Operating result€24k-€24k▲ 0.6%€29k▲ 20.4%€2k▼ 94.0%€8k▲ 374%
2021: €24k
2022: €24k▲ +0.6% vs 2021
2023: €29k▲ +20.4% vs 2022highest in 5 years
2024: €2k▼ -94.0% vs 2023lowest in 5 years
2025: €8k▲ +374% vs 2024
Net result€21k-€24k▲ 13.3%€29k▲ 21.6%€4k▼ 87.3%€25k▲ 560%
2021: €21k
2022: €24k▲ +13.3% vs 2021
2023: €29k▲ +21.6% vs 2022highest in 5 years
2024: €4k▼ -87.3% vs 2023lowest in 5 years
2025: €25k▲ +560% vs 2024
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 374% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.69M
Fixed assets
€492k ▲ 1,058%
Current assets
€1.20M ▼ 23.3%
Equity and liabilities €1.69M
Equity
€252k ▲ 10.8%
Debt
€1.44M ▲ 4.5%
Debt's share of the balance-sheet total falls from 85.8% to 85.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9k▲
2024 · €2k
Cash flow
€25k▲
2024 · €4k
Current ratio
0.83▼
2024 · 1.13
Debt to equity
5.70▼
2024 · 6.04
ROE
9.7%▲
2024 · 1.6%
ROA
1.5%▲
2024 · 0.2%
Interest coverage
7.76▲
2024 · 0.71
Debt ≤ 1 year
€1.44M▲
2024 · €1.38M
Income taxes
€7k▲
2024 · €505
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.60M€1.69M▲
Fixed assets21/28€43k€492k▲
Tangible fixed assets22/27€902€534▼
Furniture and vehicles24€902€534▼
Financial fixed assets28€42k€492k▲
Current assets29/58€1.56M€1.20M▼
Amounts receivable after more than one year29€280k€280k=
Trade receivables290€280k€280k=
Amounts receivable within one year40/41€1.28M€908k▼
Trade receivables40€249k€504k▲
Other amounts receivable41€1.03M€404k▼
Cash at bank and in hand54/58€832€5k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.69M▲
Equity10/15€228k€252k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€213k€238k▲
Amounts payable17/49€1.38M€1.44M▲
Amounts payable within one year42/48€1.38M€1.44M▲
Current portion of amounts payable after more than one year42€14k-
Trade debts44€907k€505k▼
Suppliers440/4€907k€505k▼
Taxes, remuneration and social security45€166k€70k▼
Taxes450/3€159k€70k▼
Remuneration and social security454/9€7k-
Other amounts payable47/48€289k€862k▲
Accrued charges and deferred income492/3-€1
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€368€368=
Other operating charges640/8€111k€2k▼
Gross operating margin9900€113k€11k▼
Operating profit (loss)9901€2k€8k▲
Financial income75/76B€5k€24k▲
Recurring financial income75€5k€24k▲
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€4k€31k▲
Income taxes67/77€505€7k▲
Profit (loss) for the period9904€4k€25k▲
Profit (loss) for the period to be appropriated9905€4k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€213k€238k▲
Profit (loss) brought forward from the previous period14P€210k€213k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20k | €31k | €368 | €368 | €368 | = |
| Other operating charges640/8 | - | €67k | €4k | €111k | €2k | ▼ 98.0% |
| Gross operating margin9900 | €50k | €123k | €34k | €113k | €11k | ▼ 90.3% |
| Operating profit (loss)9901 | €24k | €24k | €29k | €2k | €8k | ▲ 374% |
| Financial income75/76B | - | €14k | €9k | €5k | €24k | ▲ 337% |
| Recurring financial income75 | €9k | €14k | €9k | €5k | €24k | ▲ 337% |
| Financial charges65/66B | - | €2k | €763 | €3k | €1k | ▼ 62.7% |
| Recurring financial charges65 | €2k | €2k | €763 | €3k | €1k | ▼ 62.7% |
| Profit (loss) for the period before taxes9903 | €32k | €36k | €37k | €4k | €31k | ▲ 639% |
| Income taxes67/77 | €11k | €12k | €8k | €505 | €7k | ▲ 1,216% |
| Profit (loss) for the period9904 | €21k | €24k | €29k | €4k | €25k | ▲ 560% |
| Profit (loss) for the period to be appropriated9905 | €21k | €24k | €29k | €4k | €25k | ▲ 560% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €909k | €1.87M | €1.73M | €1.60M | €1.69M | ▲ 5.4% |
| Fixed assets21/28 | €80k | €75k | €25k | €43k | €492k | ▲ 1,058% |
| Tangible fixed assets22/27 | €80k | €52k | €1k | €902 | €534 | ▼ 40.8% |
| Furniture and vehicles24 | - | €52k | €1k | €902 | €534 | ▼ 40.8% |
| Financial fixed assets28 | - | €23k | €23k | €42k | €492k | ▲ 1,082% |
| Current assets29/58 | €829k | €1.79M | €1.70M | €1.56M | €1.20M | ▼ 23.3% |
| Amounts receivable after more than one year29 | - | €280k | €280k | €280k | €280k | = |
| Trade receivables290 | - | €280k | €280k | €280k | €280k | = |
| Amounts receivable within one year40/41 | €379k | €1.39M | €1.41M | €1.28M | €908k | ▼ 28.8% |
| Trade receivables40 | - | €22k | €275k | €249k | €504k | ▲ 102% |
| Other amounts receivable41 | - | €1.37M | €1.13M | €1.03M | €404k | ▼ 60.7% |
| Cash at bank and in hand54/58 | €155k | €106k | €4k | €832 | €5k | ▲ 474% |
| Deferred charges and accrued income490/1 | - | €19k | €9k | €5k | €6k | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €909k | €1.87M | €1.73M | €1.60M | €1.69M | ▲ 5.4% |
| Equity10/15 | €85k | €109k | €224k | €228k | €252k | ▲ 10.8% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €71k | €95k | €210k | €213k | €238k | ▲ 11.5% |
| Amounts payable17/49 | €824k | €1.76M | €1.50M | €1.38M | €1.44M | ▲ 4.5% |
| Amounts payable after more than one year17 | €73k | €37k | €12k | - | - | - |
| Financial debts170/4 | - | €37k | €12k | - | - | - |
| Amounts payable within one year42/48 | €710k | €1.72M | €1.49M | €1.38M | €1.44M | ▲ 4.5% |
| Current portion of amounts payable after more than one year42 | - | €24k | €24k | €14k | - | - |
| Trade debts44 | €445k | €1.02M | €1.01M | €907k | €505k | ▼ 44.3% |
| Suppliers440/4 | - | €1.02M | €1.01M | €907k | €505k | ▼ 44.3% |
| Taxes, remuneration and social security45 | - | €76k | €54k | €166k | €70k | ▼ 57.7% |
| Taxes450/3 | - | €76k | €54k | €159k | €70k | ▼ 55.8% |
| Remuneration and social security454/9 | - | - | - | €7k | - | - |
| Other amounts payable47/48 | - | €608k | €406k | €289k | €862k | ▲ 198% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €24k | €29k | €4k | €25k | ▲ 560% |
| + Depreciation and write-downs630 | €20k | €31k | €368 | €368 | €368 | = |
| Operating cash flow (approximation) | €42k | €55k | €30k | €4k | €25k | ▲ 510% |
| Investment in fixed assets (approximation) | - | €-25k | €50k | €-18k | €-450k | ▼ 2,373% |
| Change in cash | - | €-49k | €-102k | €-3k | €4k | ▲ 224% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €4k ▼87.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 92 days late
2023
31-12
Financial
Equity above €200kEq €224k ▲106%
5 profitable years in a row build equity to €224k.
25-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 86 days late
2022
31-12
Financial
Equity above €100kEq €109k ▲28.4%
4 profitable years in a row build equity to €109k.
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1 day late
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Wavre · 1 establishment unit since 2019
Ground area
2,441 m²
Building footprint
203 m²
Volume, LiDAR
1,806 m³
Parcel 25006B0099/00E000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
Rue de Genval 12, 1301 Wavre
since 20192.284.619.620
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006B0099/00E000 | Wallonia | 2,441 m² | 1 · 203 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,184 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.