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MITH

Inactive
KBO/BCE: BE 0657.984.553

Inactive; last annual accounts for financial year 2024.

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MITHInactive
Report

Overview

Activity
Activity not known
Size
≈ €20,000turnover 2024, estimated
Equity
€17,789
Profit
€2,298
Turnover estimated from the gross margin
Financial health
Inactive: no score
Structure
2 of 6 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence

Signals

1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 23-12-2024 was due by 23-07-2025 and was filed on 17-05-2025, 67 days ahead of the deadline.
NBB · 8 filings
Deviation from the deadline
2024
67 days early
2023
91 days early
2022
88 days early
2021
58 days early
2020
37 days early
2019
1 day late
2018
5 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 48 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Restructuring · End & cessationResignation: NIVELLES Thibaut (director) ·…
  3. Liquidity more than doubledcurrent ratio 2.37

Financials · financial year 2024, micro format

Turnover
≈ €20,000
Estimated: probably between €9,300 and €49,000
Total assets
€19,383▼ 1.4%
2023 · €19,653
Net result
€2,298▼ 61.9%
2023 · €6,023
Working capital
€2,184▲ 43×
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

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▲ 43×
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
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
2024 value · change against 2023
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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 30 lines
Balance sheet Code20232024
Assets
Total assets20/58€19,653€19,383▼
Fixed assets21/28€15,441€15,605▲
Tangible fixed assets22/27€441€605▲
Land and buildings22€441€605▲
Financial fixed assets28€15,000€15,000=
Current assets29/58€4,212€3,778▼
Amounts receivable within one year40/41€1,166€3,538▲
Other amounts receivable41€1,166€3,538▲
Cash at bank and in hand54/58€3,047€240▼
Equity and liabilities
Total equity and liabilities10/49€19,653€19,383▼
Equity10/15€15,492€17,789▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€10,492€12,789▲
Amounts payable17/49€4,162€1,594▼
Amounts payable within one year42/48€4,162€1,594▼
Trade debts44€2,033€117▼
Suppliers440/4€2,033€117▼
Taxes, remuneration and social security45€2,129€1,476▼
Taxes450/3€2,129€1,476▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€220€241▲
Other operating charges640/8€446-
Gross operating margin9900€7,040€2,651▼
Operating profit (loss)9901€6,373€2,410▼
Financial charges65/66B€350€112▼
Recurring financial charges65€350€112▼
Profit (loss) for the period before taxes9903€6,023€2,298▼
Profit (loss) for the period9904€6,023€2,298▼
Profit (loss) for the period to be appropriated9905€6,023€2,298▼
Appropriation of the result
Profit (loss) to be appropriated9906€10,492€12,789▲
Profit (loss) brought forward from the previous period14P€4,468€10,492▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
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%
Line2018201920202021202220232024Change
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----
Line2018201920202021202220232024Change
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.

Download as CSV

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.

Directors

Directors
no sitting director read yet, last change in 2025
No directors read yet: 2 of 6 Gazette acts processed. See the directors and other office holders in the KBO →

Mandate history

1 person since 2025, 0 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
NIVELLES Thibaut
  • Director, until 24-01-2025
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 18-11-2024 ↗
  • SIBO (BE 0769.459.725) founder
  • NIVELLES,Thibaut Geert Alda Lea Jules 500 shares

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 18-11-2024 Incorporation · €5,000 · 50 shares

Group and network

Connections & network

No directors read yet: 2 of 6 Gazette acts processed.

Acquisitions and mergers

1 transaction
Taken over by:SIBO
BE 0769.459.725merger by absorption · Gazette deed of 24-01-2025 (4 acts) · effective 01-09-2024

History

MITH has filed 8 sets of annual accounts, the latest for financial year 2024.1 In 2024 the company was absorbed by merger into SIBO.2

  1. 1National Bank, annual accounts 2024
  2. 2Belgian Official Gazette, 24-01-2025

Acts, filings and financial milestones

2025
17-05
NBB filing Annual accounts filed
financial year 2024 · micro format
24-01
Gazette deed Restructuring · End & cessation
Resignation: NIVELLES Thibaut (director) · Auditor report · Merger11 facts ▸
  • General meeting, “éénparigheid van stemmen, buitengewone algemene vergadering” (deed in Dutch) (2 times)
  • Other provision, “EERSTE BESLUIT onderzoek en bespreking fusievoorstel, voorstel tot fusie” (deed in Dutch)
  • Auditor report, 20-12-2024
  • Merger, “fusievoorstel goedgekeurd”, EUR (deed in Dutch)
  • Accounting effect, 01-09-2024
  • Shareholding, “aandelen op naam”, 13 (deed in Dutch)
  • Other provision, “bijzondere voordelen leden bestuursorganen te fuseren vennootschap” (deed in Dutch)
  • Auditor report, “Sint-Truiden”, EUR (deed in Dutch)
  • Approval, “goedkeuring jaarrekening overgenomen vennootschap, bestuursorgaan overnemende vennootschap” (deed in Dutch)
  • Director resignation, NIVELLES Thibaut (director)
  • Director discharge, NIVELLES Thibaut (director)
2024
23-12
Financial Liquidity more than doubledcurrent ratio 2.37
Current ratio from 1.01 to 2.37; short-term debt falls from €4,162 to €1,594.
18-11
Gazette deed Restructuring
Merger · Incorporation · Founding capital24 facts ▸
  • Merger, “fusie door overname, goedkeuring respectievelijke buitengewone algemene vergaderingen” (deed in Dutch)
  • Incorporation, 07-06-2021
  • Founding capital, €5,000
  • Board composition, NIVELLES,Thibaut Geert Alda Lea Jules (director) (2 times)
  • Board composition, BOFFIN,Siel Silke Eddy Ingrid (director)
  • Shareholding, 25 (2 times)
  • Capital
  • Other provision, “Ondernemingsrechtbank Hasselt, register en ondernemingsnummer” (deed in Dutch)
  • Capital, €5,000
  • Shareholding, 500
  • Other provision, “Ondernemingsrechtbank ANTWERPEN, ressort” (deed in Dutch)
  • Other provision, “complementair voorwerp, motivering fusie” (deed in Dutch)
  • +12 further facts in this act
01-05
NBB filing Annual accounts filed
financial year 2023 · micro format
2023
04-05
NBB filing Annual accounts filed
financial year 2022 · micro format
2022
31-12
Financial Back to profitnet €1,954
Net result €1,954 after 2 loss-making years.
03-06
NBB filing Annual accounts filed
financial year 2021 · micro format
2021
24-06
NBB filing Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial Weakest financial yearnet -€31,121
Net result drops to -€31,121, the lowest in the series.
01-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 1 day late
2019
31-12
Financial Equity above €100,000equity €102,244 ▲14.3%
A profit in every financial year since 2018 builds equity to €102,244.
05-08
NBB filing Annual accounts filed
financial year 2018 · micro format · 5 days late
2018
26-06
NBB filing Annual accounts filed
financial year 2017 · micro format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
2 of 6 deeds read
About the unread acts

Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited

deed of 18-11-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Heden, zelfde aard en dezelfde rechten als bestaande aandelen” (deed in Dutch)

deed of 24-01-2025

Meetings and financial year

Financial yearThe twelve-month period the company draws up its annual accounts for.
From 1 January to 31 December
Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Friday of June at 20:00

deed of 18-11-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “13 voor 500, wijze van uitreiking” (deed in Dutch)
Other provision: “Deelname in de winst nieuwe aandelen, 01-09-2024” (deed in Dutch)

deed of 24-01-2025

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