MITH
InactiveFinancials · financial year 2024, micro format
Equity
€17,789▲ 14.8%
2023 · €15,492
Total assets
€19,383▼ 1.4%
2023 · €19,653
Net result
€2,298▼ 61.9%
2023 · €6,023
Working capital
€2,184▲ 4,205%
2023 · €51
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 62% below 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€2,410
2024
Net result€2,298
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€19,383
2024
Equity€17,789
2024
Debt€1,594
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€2,184
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Operating result€40,533-€12,736▼ 68.6%-€9,358-€5,837▲ 37.6%€2,079€6,373▲ 207%€2,410▼ 62.2%
Net result€26,246-€12,770▼ 51.3%-€31,121-€3,609▲ 88.4%€1,954€6,023▲ 208%€2,298▼ 61.9%
Equity€89,474-€102,244▲ 14.3%€71,123▼ 30.4%€7,515▼ 89.4%€9,468▲ 26.0%€15,492▲ 63.6%€17,789▲ 14.8%
Total assets€114,489-€158,243▲ 38.2%€104,296▼ 34.1%€19,292▼ 81.5%€32,349▲ 67.7%€19,653▼ 39.2%€19,383▼ 1.4%
Debt€25,015-€55,999▲ 124%€33,172▼ 40.8%€11,777▼ 64.5%€22,881▲ 94.3%€4,162▼ 81.8%€1,594▼ 61.7%
Working capital€24,566-€61,175▲ 149%€24,120▼ 60.6%-€7,275-€6,193▲ 14.9%€51€2,184▲ 4,205%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €19,383
Fixed assets
€15,605 ▲ 1.1%
Current assets
€3,778 ▼ 10.3%
Equity and liabilities €19,383
Equity
€17,789 ▲ 14.8%
Debt
€1,594 ▼ 61.7%
Debt's share of the balance-sheet total falls from 21.2% to 8.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2,651▼
2023 · €6,593
Cash flow
€2,539▼
2023 · €6,244
Current ratio
2.37▲
2023 · 1.01
Debt to equity
0.09▼
2023 · 0.27
ROE
12.9%▼
2023 · 38.9%
ROA
11.9%▼
2023 · 30.6%
Interest coverage
23.59▲
2023 · 18.86
Debt ≤ 1 year
€1,594▼
2023 · €4,162
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,601 | €3,744 | €4,104 | €2,273 | €220 | €220 | €241 | ▲ 9.5% |
| Other operating charges640/8 | - | - | - | €695 | €410 | €446 | - | - |
| Gross operating margin9900 | €46,343 | €17,392 | -€4,844 | -€2,869 | €2,709 | €7,040 | €2,651 | ▼ 62.3% |
| Operating profit (loss)9901 | €40,533 | €12,736 | -€9,358 | -€5,837 | €2,079 | €6,373 | €2,410 | ▼ 62.2% |
| Financial income75/76B | - | - | - | €414 | - | - | - | - |
| Recurring financial income75 | - | - | €1,549 | €414 | - | - | - | - |
| Non-recurring financial income76B | - | - | - | €414 | - | - | - | - |
| Financial charges65/66B | - | - | - | €586 | €126 | €350 | €112 | ▼ 67.9% |
| Recurring financial charges65 | €432 | €1,135 | €911 | €586 | €126 | €350 | €112 | ▼ 67.9% |
| Profit (loss) for the period before taxes9903 | €39,286 | €18,952 | -€28,721 | -€6,009 | €1,954 | €6,023 | €2,298 | ▼ 61.9% |
| Income taxes67/77 | €13,040 | €6,181 | €2,400 | -€2,400 | - | - | - | - |
| Profit (loss) for the period9904 | €26,246 | €12,770 | -€31,121 | -€3,609 | €1,954 | €6,023 | €2,298 | ▼ 61.9% |
| Profit (loss) for the period to be appropriated9905 | €26,246 | €12,770 | -€31,121 | -€3,609 | €1,954 | €6,023 | €2,298 | ▼ 61.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €114,489 | €158,243 | €104,296 | €19,292 | €32,349 | €19,653 | €19,383 | ▼ 1.4% |
| Fixed assets21/28 | €69,971 | €74,012 | €64,823 | €15,000 | €15,661 | €15,441 | €15,605 | ▲ 1.1% |
| Tangible fixed assets22/27 | €5,321 | €11,027 | €21,837 | - | €661 | €441 | €605 | ▲ 37.2% |
| Land and buildings22 | - | - | - | - | €661 | €441 | €605 | ▲ 37.2% |
| Financial fixed assets28 | €64,650 | €62,986 | €42,986 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Current assets29/58 | €44,518 | €84,230 | €39,473 | €4,292 | €16,688 | €4,212 | €3,778 | ▼ 10.3% |
| Amounts receivable within one year40/41 | €43,166 | €59,636 | €33,732 | €4,291 | €7,538 | €1,166 | €3,538 | ▲ 204% |
| Trade receivables40 | - | - | - | - | €7,538 | - | - | - |
| Other amounts receivable41 | - | - | - | €4,291 | - | €1,166 | €3,538 | ▲ 204% |
| Cash at bank and in hand54/58 | €1,314 | €24,594 | €5,741 | €1 | €9,150 | €3,047 | €240 | ▼ 92.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €114,489 | €158,243 | €104,296 | €19,292 | €32,349 | €19,653 | €19,383 | ▼ 1.4% |
| Equity10/15 | €89,474 | €102,244 | €71,123 | €7,515 | €9,468 | €15,492 | €17,789 | ▲ 14.8% |
| Contributions10/11 | €50,000 | €50,000 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €39,474 | €52,244 | €21,123 | €2,515 | €4,468 | €10,492 | €12,789 | ▲ 21.9% |
| Amounts payable17/49 | €25,015 | €55,999 | €33,172 | €11,777 | €22,881 | €4,162 | €1,594 | ▼ 61.7% |
| Amounts payable after more than one year17 | €5,063 | €32,943 | €17,819 | - | - | - | - | - |
| Amounts payable within one year42/48 | €19,952 | €23,056 | €15,353 | €11,567 | €22,881 | €4,162 | €1,594 | ▼ 61.7% |
| Trade debts44 | €4,048 | €5,467 | €3,054 | - | €16,010 | €2,033 | €117 | ▼ 94.2% |
| Suppliers440/4 | - | - | - | - | €16,010 | €2,033 | €117 | ▼ 94.2% |
| Taxes, remuneration and social security45 | - | - | - | €3,694 | €5,427 | €2,129 | €1,476 | ▼ 30.6% |
| Taxes450/3 | - | - | - | €3,694 | €5,427 | €2,129 | €1,476 | ▼ 30.6% |
| Other amounts payable47/48 | - | - | - | €7,874 | €1,444 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €210 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,246 | €12,770 | -€31,121 | -€3,609 | €1,954 | €6,023 | €2,298 | ▼ 61.9% |
| + Depreciation and write-downs630 | €4,601 | €3,744 | €4,104 | €2,273 | €220 | €220 | €241 | ▲ 9.5% |
| Operating cash flow (approximation) | €30,847 | €16,514 | -€27,016 | -€1,336 | €2,174 | €6,244 | €2,539 | ▼ 59.3% |
| Investment in fixed assets (approximation) | - | -€7,786 | €5,085 | €47,550 | -€882 | €0 | -€405 | - |
| Change in cash | - | €23,281 | -€18,853 | -€5,740 | €9,149 | -€6,103 | -€2,807 | ▲ 54.0% |
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 (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 23-12-2024 | micro format | 17-05-2025 | 2025-00096863 |
| 31-12-2023 | micro format | 01-05-2024 | 2024-00077835 |
| 31-12-2022 | micro format | 04-05-2023 | 2023-00078999 |
| 31-12-2021 | micro format | 03-06-2022 | 2022-20044952 |
| 31-12-2020 | micro format | 24-06-2021 | 2021-23300591 |
| 31-12-2019 | micro format | 01-08-2020 | 2020-36800544 |
| 31-12-2018 | micro format | 05-08-2019 | 2019-43200568 |
| 31-12-2017 | micro format | 26-06-2018 | 2018-22200551 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.