MITIMO
ActiveSummary
MITIMO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €331,922 and a net result of -€9,399. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 7833 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▲+7
Solvency71▼-9
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 0.7 in 2024; short-term debt: 17.8% of total assets), and 53.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€9,399
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
on the day
2022
10 d late
2021
1 d early
2020
8 d early
2019
64 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 30 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€331,922▼ 2.8%
2024 · €341,321
Total assets
€720,397▲ 15.9%
2024 · €621,346
Net result
-€9,399▲ 8.9%
2024 · -€10,313
Working capital
€14,865
2024 · -€81,214
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,149-€20,265▼ 230%-€7,771▲ 61.7%-€5,316▲ 31.6%-€6,386▼ 20.1%
Net result-€7,591below the sector's middle half-€21,556below the sector's middle half▼ 184%-€9,800below the sector's middle half▲ 54.5%-€10,313below the sector's middle half▼ 5.2%-€9,399below the sector's middle half▲ 8.9%
Equity€382,989above the sector's middle half▼ 1.9%€361,433above the sector's middle half▼ 5.6%€351,633above the sector's middle half▼ 2.7%€341,321above the sector's middle half▼ 2.9%€331,922above the sector's middle half▼ 2.8%
Total assets€438,755above the sector's middle half▼ 9.7%€487,308above the sector's middle half▲ 11.1%€483,640above the sector's middle half▼ 0.8%€621,346above the sector's middle half▲ 28.5%€720,397above the sector's middle half▲ 15.9%
Debt€55,766▼ 41.4%€125,875▲ 126%€132,006▲ 4.9%€280,026▲ 112%€388,475▲ 38.7%
Working capital-€53,789below the sector's middle half▲ 40.6%-€37,410below the sector's middle half▲ 30.5%-€13,007below the sector's middle half▲ 65.2%-€81,214below the sector's middle half▼ 524%€14,865within the sector's middle half
Solvency87.3%above the sector's middle half▲ 6.9pp74.2%above the sector's middle half▼ 13.1pp72.7%within the sector's middle half▼ 1.5pp54.9%within the sector's middle half▼ 17.8pp46.1%within the sector's middle half▼ 8.9pp
Current ratio0.04below the sector's middle half▼ 0.010.70below the sector's middle half▲ 0.670.90below the sector's middle half▲ 0.200.70below the sector's middle half▼ 0.201.12within the sector's middle half▲ 0.42
Return on assets (ROA)-1.7%below the sector's middle half▼ 4.1pp-4.4%below the sector's middle half▼ 2.7pp-2.0%below the sector's middle half▲ 2.4pp-1.7%below the sector's middle half▲ 0.4pp-1.3%below the sector's middle half▲ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,386 in 2025 against €5,316 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €720,397
Fixed assets
€577,043 ▲ 33.2%
Current assets
€143,354 ▼ 23.7%
Equity and liabilities €720,397
Equity
€331,922 ▼ 2.8%
Debt
€388,475 ▲ 38.7%
Debt's share of the balance-sheet total rises from 45.1% to 53.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37,382▲
2024 · €21,125
Cash flow
€34,369▲
2024 · €16,129
Debt to equity
1.17▲
2024 · 0.82
ROE
-2.8%▲
2024 · -3.0%
Interest coverage
5.00▲
2024 · 4.23
Debt ≤ 1 year
€128,489▼
2024 · €269,216
Debt > 1 year
€259,987▲
2024 · €10,810
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,616 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 8,616 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,407 | €37,935 | €34,203 | €26,441 | €43,768 | ▲ 65.5% |
| Other operating charges640/8 | €4,316 | €13,335 | €14,381 | €14,643 | €4,452 | ▼ 69.6% |
| Gross operating margin9900 | €42,574 | €31,005 | €40,813 | €35,768 | €41,834 | ▲ 17.0% |
| Operating profit (loss)9901 | -€6,149 | -€20,265 | -€7,771 | -€5,316 | -€6,386 | ▼ 20.1% |
| Financial income75/76B | - | - | - | €1 | €4,459 | ▲ 416,648% |
| Recurring financial income75 | - | - | - | €1 | €4,459 | ▲ 416,648% |
| Financial charges65/66B | €1,442 | €1,291 | €2,029 | €4,998 | €7,472 | ▲ 49.5% |
| Recurring financial charges65 | €1,442 | €1,291 | €2,029 | €4,998 | €7,472 | ▲ 49.5% |
| Profit (loss) for the period before taxes9903 | -€7,591 | -€21,556 | -€9,800 | -€10,313 | -€9,399 | ▲ 8.9% |
| Profit (loss) for the period9904 | -€7,591 | -€21,556 | -€9,800 | -€10,313 | -€9,399 | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | -€7,591 | -€21,556 | -€9,800 | -€10,313 | -€9,399 | ▲ 8.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €438,755 | €487,308 | €483,640 | €621,346 | €720,397 | ▲ 15.9% |
| Fixed assets21/28 | €436,778 | €398,843 | €364,640 | €433,345 | €577,043 | ▲ 33.2% |
| Tangible fixed assets22/27 | €436,778 | €398,843 | €364,640 | €433,345 | €577,043 | ▲ 33.2% |
| Land and buildings22 | €435,395 | €398,209 | €364,640 | €433,345 | €577,043 | ▲ 33.2% |
| Furniture and vehicles24 | €1,383 | €634 | - | - | - | - |
| Current assets29/58 | €1,977 | €88,465 | €118,999 | €188,002 | €143,354 | ▼ 23.7% |
| Amounts receivable within one year40/41 | €1,398 | €88,465 | €114,365 | €178,955 | €129,288 | ▼ 27.8% |
| Trade receivables40 | €1,398 | €87,402 | €114,365 | €178,955 | €129,288 | ▼ 27.8% |
| Other amounts receivable41 | - | €1,063 | - | - | - | - |
| Cash at bank and in hand54/58 | €579 | - | €4,634 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €9,047 | €14,066 | ▲ 55.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €438,755 | €487,308 | €483,640 | €621,346 | €720,397 | ▲ 15.9% |
| Equity10/15 | €382,989 | €361,433 | €351,633 | €341,321 | €331,922 | ▼ 2.8% |
| Contributions10/11 | €582,700 | €582,700 | €582,700 | €582,700 | €582,700 | = |
| Capital10 | €582,700 | €582,700 | €582,700 | €582,700 | €582,700 | = |
| Issued capital100 | €590,200 | €590,200 | €590,200 | €590,200 | €590,200 | = |
| Uncalled capital101 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | -€199,711 | -€221,267 | -€231,067 | -€241,379 | -€250,778 | ▼ 3.9% |
| Amounts payable17/49 | €55,766 | €125,875 | €132,006 | €280,026 | €388,475 | ▲ 38.7% |
| Amounts payable after more than one year17 | - | - | - | €10,810 | €259,987 | ▲ 2,305% |
| Financial debts170/4 | - | - | - | €10,810 | €259,987 | ▲ 2,305% |
| Amounts payable within one year42/48 | €55,766 | €125,875 | €132,006 | €269,216 | €128,489 | ▼ 52.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,239 | €22,549 | ▲ 174% |
| Financial debts43 | €25,386 | €29,785 | €49,958 | €49,984 | €43,631 | ▼ 12.7% |
| Credit institutions430/8 | €25,386 | €29,785 | €49,958 | €49,984 | €43,631 | ▼ 12.7% |
| Trade debts44 | €13,773 | €71,022 | €75,822 | €159,900 | €47,942 | ▼ 70.0% |
| Suppliers440/4 | €13,773 | €71,022 | €75,822 | €159,900 | €47,942 | ▼ 70.0% |
| Taxes, remuneration and social security45 | €16,607 | €25,068 | €6,226 | €442 | €565 | ▲ 27.7% |
| Taxes450/3 | €1,105 | €2,254 | €2,458 | €442 | €565 | ▲ 27.7% |
| Remuneration and social security454/9 | €15,502 | €22,814 | €3,768 | - | - | - |
| Other amounts payable47/48 | - | - | - | €50,651 | €13,802 | ▼ 72.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,591 | -€21,556 | -€9,800 | -€10,313 | -€9,399 | ▲ 8.9% |
| + Depreciation and write-downs630 | €44,407 | €37,935 | €34,203 | €26,441 | €43,768 | ▲ 65.5% |
| Operating cash flow (approximation) | €36,816 | €16,380 | €24,403 | €16,129 | €34,369 | ▲ 113% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€95,146 | -€187,467 | ▼ 97.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €11,398
Net result €11,398 after 2 loss-making years.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet -€27,426
Net result drops to -€27,426, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Herstal · 1 establishment unit since 2004
Ground area
3.7 ha
Building footprint
7,799 m²
Parcel 62051C0281/00W005, Wallonia. Linked by address, not a title deed.
22
companies at this address
See who is registered here
1 establishment unit
MITIMO SA
since 20042.138.736.469
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62051C0281/00W005 | Wallonia | 3.7 ha | 1 · 7,799 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
37.27%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,517 companies in sector 82990 we hold annual accounts for 9,421. 6,415 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-07-2004
Fiscal year end30-09
Activities, NACEBEL 2025
82990Other business support services
46150Agents in the wholesale of furniture, household goods and hardware
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866447649
Also
9925:BE0866447649
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.