Mithrandir

Active

Private limited companyfounded 20214 yrs activeFrankrijklei 136, 2000 Antwerpen, BelgiumKBO/BCE: BE 0777.832.805

Mithrandir has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8k and a net result of €44k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 12690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2025

72 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+1

Solvency32▲+4

Growth58=

Track record94

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.98 against 0.94 in 2024; short-term debt: 65.4% and cash: 35% of total assets), and 92.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 69

Relative position

BE, all sectors

reference

Sector 69

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

7.2%

Return on assets

39.7%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 12690 sector peers (2025).

NBB · sector comparison

Position among 12690 sector peers

Solvency

better than 11%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 5 filings

Deviation from the deadline

2025

11 d late

2024

25 d late

2023

31 d late

2022

21 d late

2021

83 d early

← before the deadline after the deadline →

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 months

Position in the running window

21-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€8k▲ 98.5%

2024 · €4k

2021: €9k 2022: €73k 2023: €125k 2024: €4k

2021 → 2025

Total assets

€111k▼ 7.9%

2024 · €120k

2021: €18k 2022: €122k 2023: €164k 2024: €120k

2021 → 2025

Net result

€44k▲ 51.0%

2024 · €29k

2021: €8k 2022: €71k 2023: €52k 2024: €29k

2021 → 2025

Working capital

€-1k▲ 65.7%

2024 · €-4k

2021: €9k 2022: €63k 2023: €113k 2024: €-4k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€9k-€73k▲ 734%€125k▲ 70.9%€4k▼ 96.8%€8k▲ 98.5%

Operating result€11k-€88k▲ 716%€65k▼ 26.2%€44k▼ 31.4%€60k▲ 36.2%

Net result€8k-€71k▲ 813%€52k▼ 26.9%€29k▼ 43.8%€44k▲ 51.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 36% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €111k

35.9%

64.1%

Fixed assets €40k▼ 21.1%

Current assets €71k▲ 1.6%

Equity and liabilities €111k

92.8%

Equity €8k▲ 98.5%

Debt €103k▼ 11.6%

The debt ratio falls from 96.7% to 92.8%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€72k▲

2024 · €53k

Cash flow

€56k▲

2024 · €38k

Solvency

7.2%▲

2024 · 3.3%

Current ratio

0.98▲

2024 · 0.94

Quick ratio

0.98▲

2024 · 0.94

Debt / equity

12.91▼

2024 · 28.98

ROE

551.6%▼

2024 · 725.1%

ROA

39.7%▲

2024 · 24.2%

Interest coverage

33.93▲

2024 · 26.45

Debt

€103k▼

2024 · €116k

Debt ≤ 1 year

€72k▼

2024 · €74k

Debt > 1 year

€30k▼

2024 · €42k

Income taxes

€15k▼

2024 · €16k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€120k€111k▼

Fixed assets21/28€50k€40k▼

Tangible fixed assets22/27€50k€40k▼

Furniture and vehicles24€50k€40k▼

Current assets29/58€70k€71k▲

Amounts receivable after more than one year29€41k€22k▼

Other amounts receivable291€41k€22k▼

Amounts receivable within one year40/41€23k€8k▼

Trade receivables40€15k€43▼

Other amounts receivable41€8k€8k▲

Cash at bank and in hand54/58€4k€39k▲

Deferred charges and accrued income490/1€2k€2k▲

Equity and liabilities

Total equity and liabilities10/49€120k€111k▼

Equity10/15€4k€8k▲

Contributions10/11€1k€1k=

Profit (loss) carried forward14€3k€7k▲

Amounts payable17/49€116k€103k▼

Amounts payable after more than one year17€42k€30k▼

Financial debts170/4€42k€30k▼

Amounts payable within one year42/48€74k€72k▼

Current portion of amounts payable after more than one year42€11k€12k▲

Financial debts43€0€6k▲

Credit institutions430/8€0€6k▲

Trade debts44€372€2k▲

Suppliers440/4€372€2k▲

Taxes, remuneration and social security45€12k€12k▼

Taxes450/3€12k€12k▼

Other amounts payable47/48€50k€40k▼

Accrued charges and deferred income492/3€0-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€12k▲

Other operating charges640/8€5k€2k▼

Non-recurring operating charges66A€3k€0▼

Gross operating margin9900€61k€74k▲

Operating profit (loss)9901€44k€60k▲

Financial income75/76B€3k€1k▼

Recurring financial income75€3k€1k▼

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€45k€59k▲

Income taxes67/77€16k€15k▼

Profit (loss) for the period9904€29k€44k▲

Profit (loss) for the period to be appropriated9905€29k€44k▲

Appropriation of the result

Profit (loss) to be appropriated9906€153k€47k▼

Profit (loss) brought forward from the previous period14P€124k€3k▼

Profit to be distributed694/7€150k€40k▼

Return on contributions (dividend)694€150k€40k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 11 days late

2025

25-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-12

Financial Equity above €100kEq €125k ▲70.9%

3 profitable years in a row build equity to €125k.

21-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 21 days late

2022

31-12

Financial Highest result since 2021net €71k ▲813%

Operating result €88k, net result €71k, both a record.

09-05

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Antwerpen · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Frankrijklei 1362000 Antwerpen

Ground area

386 m²

Building footprint

286 m²

Volume, LiDAR

5,689 m³

Parcel 11803C0481/00K006, Flanders · tallest building 29.3 m, ±8 floors. Linked by address, not a title deed.

1 establishment unit

Mithrandir

Frankrijklei 136, 2000 AntwerpenActivities of lawyers

since 20212.324.866.801

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11803C0481/00K006	Flanders	386 m²	1 · 286 m²	29.3 m · 8 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Beveren-Kruibeke-Zwijndrecht · Eq €8k

Advocatenkantoor Paule Van Lerberghe

BE 1015.366.207

Antwerpen · Eq €8k

Of 22,051 companies in sector 69101 we hold annual accounts for 9,053. 4,162 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded29-11-2021

Fiscal year end31-12

Activities, NACEBEL

69101Activities of lawyers

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.