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MITIMMO

Active
Private limited companyfounded 2020active for 5 yearsGiervalkenlaan 10, 1170 Watermaal-Bosvoorde, Belgium326 active companies are registered at this addressKBO/BCE: BE 0759.651.738

From the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of MITIMMO is 8.6% (elevated). The 2024 annual accounts show negative equity (-€96,420) and a net result of -€13,373. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.

Latest annual accounts filed

Annual accounts 2024

Download PDF
Financial year ended
31-12-2024
Filed on
30-09-2025
Format
micro format
Reference
2025-00530977
Turnover
≈ €5,600
Estimated: probably between €2,500 and €13,000
Total assets
€570,727▲ 0.1%
2023 · €570,434
Net result
-€13,373▲ 82.1%
2023 · -€74,670
Working capital
-€96,420▼ 16.1%
2023 · -€83,047
Trend over the years

2020 to 2024, 5 financial years

The operating result returns to profit in 2024: €699 after a loss of €54,198 in 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€699 2024 Net result-€13,373 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
Line20202021202220232024
Operating result-€3,852--€2,579▲ 33.1%€7,111-€54,198€699
Net result-€3,852--€5,999▼ 55.7%€474-€74,670-€13,373▲ 82.1%
Equity-€2,852--€8,850▼ 210%-€8,377▲ 5.4%-€83,047▼ 891%-€96,420▼ 16.1%
Total assets€61,663-€567,253▲ 820%€554,365▼ 2.3%€570,434▲ 2.9%€570,727▲ 0.1%
Debt€64,515-€576,103▲ 793%€562,741▼ 2.3%€653,482▲ 16.1%€667,147▲ 2.1%
Working capital-€2,504--€8,850▼ 253%-€8,377▲ 5.4%-€83,047▼ 891%-€96,420▼ 16.1%
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Key figures and ratios
2024 value · change against 2023
Solvency
-16.9%▼
2023 · -14.6%
Current ratio
0.86▼
2023 · 0.87
Quick ratio
0.37▼
2023 · 0.38
ROA
-2.3%▲
2023 · -13.1%
Debt ≤ 1 year
€667,147▲
2023 · €653,482
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,167 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94.9% are still going.

  • Small
  • 5 to 10 years old
  • negative equity
  • a small loss
2.0% went bankrupt
2.8% stopped otherwise
94.9% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 8.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,167 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 32 lines

Source: Annual accounts 2024 (PDF), filed with the National Bank on 30-09-2025.

Balance sheet Code20232024
Assets
Total assets20/58€570,434€570,727▲
Current assets29/58€570,434€570,727▲
Stocks and contracts in progress3€321,340€321,340=
Stocks30/36€321,340€321,340=
Amounts receivable within one year40/41€239,525€239,525=
Trade receivables40€43,460€43,460=
Other amounts receivable41€196,065€196,065=
Cash at bank and in hand54/58-€293
Deferred charges and accrued income490/1€9,570€9,570=
Equity and liabilities
Total equity and liabilities10/49€570,434€570,727▲
Equity10/15-€83,047-€96,420▼
Contributions10/11€1,000€1,000=
Profit (loss) carried forward14-€84,047-€97,420▼
Amounts payable17/49€653,482€667,147▲
Amounts payable within one year42/48€653,482€667,147▲
Financial debts43€366,116€366,508▲
Credit institutions430/8€366,116€366,508▲
Trade debts44€102,904€102,904=
Suppliers440/4€102,904€102,904=
Other amounts payable47/48€184,462€197,735▲
Income statement Code20232024
Other operating charges640/8€1,528€25▼
Gross operating margin9900-€52,670€724▲
Operating profit (loss)9901-€54,198€699▲
Financial income75/76B€24,938-
Recurring financial income75€24,938-
Financial charges65/66B€45,410€14,072▼
Recurring financial charges65€45,410€14,072▼
Profit (loss) for the period before taxes9903-€74,670-€13,373▲
Profit (loss) for the period9904-€74,670-€13,373▲
Profit (loss) for the period to be appropriated9905-€74,670-€13,373▲
Appropriation of the result
Profit (loss) to be appropriated9906-€84,047-€97,420▼
Profit (loss) brought forward from the previous period14P-€9,377-€84,047▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are in the filed accounts (PDF).

Line20202021202220232024Change
Other operating charges640/8-€348€468€1,528€25▼ 98.4%
Gross operating margin9900-€3,452-€2,231€7,579-€52,670€724-
Operating profit (loss)9901-€3,852-€2,579€7,111-€54,198€699-
Financial income75/76B---€24,938--
Recurring financial income75---€24,938--
Financial charges65/66B-€3,420€6,638€45,410€14,072▼ 69.0%
Recurring financial charges65-€3,420€6,638€45,410€14,072▼ 69.0%
Profit (loss) for the period before taxes9903-€3,852-€5,999€474-€74,670-€13,373▲ 82.1%
Profit (loss) for the period9904-€3,852-€5,999€474-€74,670-€13,373▲ 82.1%
Profit (loss) for the period to be appropriated9905-€3,852-€5,999€474-€74,670-€13,373▲ 82.1%
Line20202021202220232024Change
Assets
Total assets20/58€61,663€567,253€554,365€570,434€570,727▲ 0.1%
Current assets29/58€61,663€567,253€554,365€570,434€570,727▲ 0.1%
Stocks and contracts in progress3€59,663€417,410€441,036€321,340€321,340=
Stocks30/36-€417,410€441,036€321,340€321,340=
Amounts receivable within one year40/41-€128,072€113,329€239,525€239,525=
Trade receivables40-€43,460€43,460€43,460€43,460=
Other amounts receivable41-€84,612€69,869€196,065€196,065=
Cash at bank and in hand54/58€2,000€21,771--€293-
Deferred charges and accrued income490/1---€9,570€9,570=
Equity and liabilities
Total equity and liabilities10/49€61,663€567,253€554,365€570,434€570,727▲ 0.1%
Equity10/15-€2,852-€8,850-€8,377-€83,047-€96,420▼ 16.1%
Contributions10/11-€1,000€1,000€1,000€1,000=
Profit (loss) carried forward14-€3,852-€9,850-€9,377-€84,047-€97,420▼ 15.9%
Amounts payable17/49€64,515€576,103€562,741€653,482€667,147▲ 2.1%
Amounts payable within one year42/48€64,167€576,103€562,741€653,482€667,147▲ 2.1%
Financial debts43-€339,000€344,571€366,116€366,508▲ 0.1%
Credit institutions430/8-€339,000€344,571€366,116€366,508▲ 0.1%
Trade debts44€374€45,100€42,539€102,904€102,904=
Suppliers440/4-€45,100€42,539€102,904€102,904=
Other amounts payable47/48-€192,003€175,632€184,462€197,735▲ 7.2%
Line20202021202220232024Change
Profit (loss) for the period9904-€3,852-€5,999€474-€74,670-€13,373▲ 82.1%
Operating cash flow (approximation)-€3,852-€5,999€474-€74,670-€13,373▲ 82.1%
Change in cash-€19,771----

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (5)
Financial year Type Filed Reference Document
31-12-2024 micro format 30-09-2025 2025-00530977 PDF
31-12-2023 micro format 09-12-2024 2024-00614674 PDF
31-12-2022 micro format 29-08-2023 2023-00410011 PDF
31-12-2021 micro format 18-08-2022 2022-20293608 PDF
31-12-2020 micro format 02-08-2021 2021-44800550 PDF

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.