Checked.be
Active
BE 0456.927.210Private limited company
MITHRAS
Ieperstraat(STA) 206 ·8840 Staden, Belgium· 30 yrs active
Sector: Computer programming
(62100)
Conclusion
MITHRAS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €772k and a net result of €-14k. Equity is shrinking by ~6.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 2768 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €772k |
| Net result | €-14k |
| Better than sector | 66% |
| Active | 30 yrs |
Financial profile
60
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
70
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1995, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
70
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€55k
estimate, not credit advice
Score history
86
2023
86
2024
70
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.10 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.10 (≥ 1.0)
+5
Leverage
Debt/equity 0.33 (< 1.0)
+10
Profitability
Negatieve ROE -2%
-10
Interest coverage
Interest coverage 3.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~6.6%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 75.4% | 62.1% | |
| Net result | €-14k | €39k | |
| Equity | €772k | €62k | |
| Gross operating margin | €28k | €62k | |
| Total assets | €1.02M | €121k |
€25k
-76.6%
23-25
€-14k
-
23-25
€21k
-75.5%
23-25
€1.02M
-2.5%
23-25
€772k
-17.6%
23-25
€267k
-47.7%
23-25
€336
-98.2%
23-25
€150k
-
23-25
€252k
+122.5%
23-25
€244k
+130.0%
23-25
2.10
-64.0%
23-25
2.10
-64.0%
23-25
75.4%
-15.5%
23-25
0.33
+169.9%
23-25
-1.9%
-
23-25
-1.4%
-
23-25
3.40
-78.9%
23-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | €25k | €108k | €120k |
| Net profit | €-14k | €48k | €61k |
| Cash flow | €21k | €85k | €97k |
| Staff costs | - | - | - |
| Income taxes | €336 | €19k | €24k |
| Dividends | €150k | - | - |
| Total assets | €1.02M | €1.05M | €1.09M |
| Equity | €772k | €937k | €889k |
| Debt | €252k | €113k | €202k |
| of which ≤ 1y | €244k | €106k | €197k |
| of which > 1y | - | - | - |
| Working capital | €267k | €510k | €425k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Current ratio | 2.10 | 5.82 | 3.16 |
| Quick ratio | 2.10 | 5.82 | 3.16 |
| Working capital ratio | 26.1% | 48.6% | 39.0% |
| Solvency | 75.4% | 89.2% | 81.5% |
| Debt / equity | 0.33 | 0.12 | 0.23 |
| Long-term debt ratio | - | - | - |
| Interest coverage | 3.40 | 16.09 | 26.24 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -1.4% | 4.5% | 5.6% |
| ROE | -1.9% | 5.1% | 6.9% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €1.02M | €1.05M | €1.09M |
| Fixed assets | 21/28 | €513k | €433k | €469k |
| Tangible fixed assets | 22/27 | €73k | €108k | €144k |
| Financial fixed assets | 28 | €440k | €325k | €325k |
| Current assets | 29/58 | €511k | €616k | €622k |
| Amounts receivable within one year | 40/41 | €112k | €161k | €65k |
| Investments | 50/53 | €101k | - | - |
| Cash & bank | 54/58 | €292k | €448k | €552k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.02M | €1.05M | €1.09M |
| Equity | 10/15 | €772k | €937k | €889k |
| Contributions / capital | 10/11 | €19k | €19k | €19k |
| Reserves | 13 | €756k | €918k | €870k |
| Accumulated profits (losses) | 14 | €-2k | - | - |
| Amounts payable | 17/49 | €252k | €113k | €202k |
| Amounts payable within one year | 42/48 | €244k | €106k | €197k |
| Trade debts payable within one year | 44 | €6k | €6k | €4k |
| Income statement | ||||
| Gross operating margin | 9900 | €28k | €112k | €149k |
| Operating result | 9901 | €-10k | €72k | €84k |
| Financial income | 75 | €3k | €2k | €1 |
| Financial charges | 65 | €7k | €7k | €5k |
| Result before taxes | 9903 | €-14k | €67k | €85k |
| Income taxes | 67/77 | €336 | €19k | €24k |
| Net result for the period | 9904 | €-14k | €48k | €61k |
| Result to be appropriated | 9905 | €-14k | €48k | €61k |
Legal Structure
| NACE primary | Computer programming(62100) |
| Legal form | Private limited company(610) |
| Incorporation | 28-12-1995 |
| Status | Active |
| Postal code | 8840 |
Establishment units
MITHRAS
since 19962.074.968.669
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019C0750/00T000 | Flanders | 2,587 m² | 1 · 143 m² | 7.8 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-14k ▼130%
Net result drops to €-14k, the lowest in the series.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
11-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
25-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
24-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Computer programming, consultancy and related activities62010Computer programming6210072220
Names & trade names
| Legal nameNL | MITHRAS |
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