MiTho
ActiveFrom the official registers: KBO 2 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MiTho has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,314 and a net result of €22,230. Its solvency ranks better than 19% of 39,218 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 14-10-2024 Normal situation
- Legal form
- Private limited company
- Registered office
- Sint-Amandusstraat 12, 8540 Deerlijk
- Activity
- Activities of head offices NACE 70100and 1 other
- Establishment unit
- 2.365.167.034 8540 Deerlijk, since 14-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2024
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €45,677
- ▲ 26.7%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €22,230
- ▼ 20.8%
- Equity
- €70,314
- ▲ 46.2%
- Total assets
- €525,835
- ▲ 413%
Why 89raises riskFounded in 2024lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €525,835Figures for financial year 2025 (filed 15-07-2026)Show the evidence
Checked score
About 2 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 70, micro): better than 19% on solvency, 40% on liquidity, 22% on profitability and 79% on growth.
The bankruptcy probability was computed on 31-10-2026 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 2 accounts on average 18 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 15-07-2026
- Format
- micro format
- Reference
- 2026-00295407
2024 to 2025, 2 financial years
The operating result rises in 2025; 2025 is 24% above 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.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: 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).
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Other operating charges640/8 | €50 | €915 | ▲ 18× |
| Gross operating margin9900 | €36,054 | €45,677 | ▲ 26.7% |
| Operating profit (loss)9901 | €36,004 | €44,762 | ▲ 24.3% |
| Financial charges65/66B | €780 | €13,891 | ▲ 18× |
| Recurring financial charges65 | €780 | €13,891 | ▲ 18× |
| Profit (loss) for the period before taxes9903 | €35,223 | €30,871 | ▼ 12.4% |
| Income taxes67/77 | €7,140 | €8,641 | ▲ 21.0% |
| Profit (loss) for the period9904 | €28,084 | €22,230 | ▼ 20.8% |
| Profit (loss) for the period to be appropriated9905 | €28,084 | €22,230 | ▼ 20.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €102,477 | €525,835 | ▲ 413% |
| Fixed assets21/28 | - | €450,000 | - |
| Financial fixed assets28 | - | €450,000 | - |
| Current assets29/58 | €102,477 | €75,835 | ▼ 26.0% |
| Amounts receivable within one year40/41 | €30,000 | €35,000 | ▲ 16.7% |
| Trade receivables40 | €30,000 | €35,000 | ▲ 16.7% |
| Cash at bank and in hand54/58 | €59,096 | €29,821 | ▼ 49.5% |
| Deferred charges and accrued income490/1 | €13,381 | €11,013 | ▼ 17.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €102,477 | €525,835 | ▲ 413% |
| Equity10/15 | €48,084 | €70,314 | ▲ 46.2% |
| Contributions10/11 | €20,000 | €20,000 | = |
| Reserves13 | €28,084 | €50,314 | ▲ 79.2% |
| Distributable reserves133 | €28,084 | €50,314 | ▲ 79.2% |
| Amounts payable17/49 | €54,393 | €455,521 | ▲ 737% |
| Amounts payable after more than one year17 | - | €356,243 | - |
| Financial debts170/4 | - | €356,243 | - |
| Amounts payable within one year42/48 | €54,393 | €93,953 | ▲ 72.7% |
| Current portion of amounts payable after more than one year42 | - | €18,653 | - |
| Trade debts44 | €14 | €3,108 | ▲ 220× |
| Suppliers440/4 | €14 | €3,108 | ▲ 220× |
| Taxes, remuneration and social security45 | €21,167 | €24,273 | ▲ 14.7% |
| Taxes450/3 | €21,167 | €24,273 | ▲ 14.7% |
| Other amounts payable47/48 | €33,211 | €47,919 | ▲ 44.3% |
| Accrued charges and deferred income492/3 | - | €5,325 | - |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| THORREZ Michaël |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Benoeming bestuurders, met of zonder beperking van duur”1 more provision on this in the deed
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 16-10-2024
Owners and capital
Capital and shareholders
- THORREZ Michaël sole founder · 100% at incorporation
- 16-10-2024 Incorporation · €20,000
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Aanleg van reserves, /”Other provision: “Verdeling van de winst, winst van het lopende boekjaar of winst van het voorgaande boekjaar zolang de jaarrekening van dat boekjaar nog niet…”Other provision: “Verdeling van het na vereffening overblijvende saldo”Other provision: “Bestuursbevoegdheid, handelingen die wet of statuten aan algemene vergadering voorbehouden”Other provision: “Bijzondere volmachten, akten verbinden vennootschap binnen perken volmacht”Other provision: “Dagelijks bestuur, bestuursorgaan”1 more provision in the deed, see the deed of 16-10-2024
Articles of association, deed of 16-10-2024 (in Dutch)
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
45%
Connections & network
1 current directorThe board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
16-10
Gazette deed
IncorporationAppointment: THORREZ Michaël (statutory director) · Founder · Founding capital4 facts ▸
- Incorporation, 14-10-2024
- Founder, THORREZ Michaël
- Founding capital, €20,000
- Director appointment, THORREZ Michaël (statutory director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the 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.
- MiTho
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 8540 Deerlijk,Sint-Amandusstraat 12 bus 102”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of June at 14:00
Articles of association, deed of 16-10-2024 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34009A0247/00V000 | Flanders | 3,738 m² | 1 · 124 m² | 0.3 m |