MITROFAN
ActiveSummary
The computed 12-month bankruptcy probability of MITROFAN is 1.5% (moderate). The 2024 annual accounts show equity of €298,657 and a net result of €17,013. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 69% of 36378 sector peers (fiscal year 2024). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+1
Solvency88▲+21
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.64 against 1.7 in 2023; short-term debt: 35.8% and cash: 2.4% of total assets), and 36.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-12-2025, 138 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
138 d late
2023
111 d late
2022
106 d late
2021
92 d late
2020
107 d late
2019
124 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 113 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#10 company by equity in Ganshoren, Construction sector
Equity
€298,657▲ 6.0%
2023 · €281,644
Total assets
€472,204▼ 29.0%
2023 · €664,637
Net result
€17,013▼ 3.3%
2023 · €17,601
Working capital
€278,243▲ 7.6%
2023 · €258,578
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€25,921▼ 54.1%€42,423▲ 63.7%€25,537▼ 39.8%€28,974▲ 13.5%€27,435▼ 5.3%
Net result€16,008within the sector's middle half▼ 56.7%€27,827above the sector's middle half▲ 73.8%€14,989within the sector's middle half▼ 46.1%€17,601within the sector's middle half▲ 17.4%€17,013within the sector's middle half▼ 3.3%
Equity€221,227above the sector's middle half▲ 7.8%€249,054above the sector's middle half▲ 12.6%€264,043above the sector's middle half▲ 6.0%€281,644above the sector's middle half▲ 6.7%€298,657above the sector's middle half▲ 6.0%
Total assets€391,065above the sector's middle half▲ 35.8%€335,133above the sector's middle half▼ 14.3%€413,891above the sector's middle half▲ 23.5%€664,637above the sector's middle half▲ 60.6%€472,204above the sector's middle half▼ 29.0%
Debt€169,837▲ 105%€86,079▼ 49.3%€149,848▲ 74.1%€382,993▲ 156%€173,547▼ 54.7%
Working capital€219,008above the sector's middle half▲ 5.2%€242,597above the sector's middle half▲ 10.8%€238,027above the sector's middle half▼ 1.9%€258,578above the sector's middle half▲ 8.6%€278,243above the sector's middle half▲ 7.6%
Solvency56.6%within the sector's middle half▼ 14.7pp74.3%above the sector's middle half▲ 17.7pp63.8%within the sector's middle half▼ 10.5pp42.4%within the sector's middle half▼ 21.4pp63.2%within the sector's middle half▲ 20.9pp
Current ratio2.29within the sector's middle half▼ 1.433.82above the sector's middle half▲ 1.532.90within the sector's middle half▼ 0.921.70within the sector's middle half▼ 1.192.64within the sector's middle half▲ 0.94
Return on assets (ROA)4.1%within the sector's middle half▼ 8.8pp8.3%within the sector's middle half▲ 4.2pp3.6%within the sector's middle half▼ 4.7pp2.6%within the sector's middle half▼ 1.0pp3.6%within the sector's middle half▲ 1.0pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €472,204
Fixed assets
€24,728 ▼ 34.1%
Current assets
€447,476 ▼ 28.6%
Equity and liabilities €472,204
Equity
€298,657 ▲ 6.0%
Debt
€173,547 ▼ 54.7%
Debt's share of the balance-sheet total falls from 57.6% to 36.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,223▼
2023 · €41,761
Cash flow
€29,801▼
2023 · €30,388
Debt to equity
0.58▼
2023 · 1.36
ROE
5.7%▼
2023 · 6.2%
Interest coverage
13.12▲
2023 · 12.29
Debt ≤ 1 year
€169,233▼
2023 · €368,543
Debt > 1 year
€4,314▼
2023 · €14,450
Income taxes
€7,356▼
2023 · €7,976
Staff costs
€18,712▲
2023 · €12,685
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,048 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.4%
went bankrupt
3.6%
stopped otherwise
96%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 6,048 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €600 | - | - |
| Remuneration, social security and pensions62 | - | €10,494 | €16,034 | €12,685 | €18,712 | ▲ 47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,262 | €762 | €9,917 | €12,787 | €12,788 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €25,210 | - |
| Other operating charges640/8 | - | €1,353 | €1,260 | €1,699 | €656 | ▼ 61.4% |
| Gross operating margin9900 | €46,376 | €55,032 | €52,748 | €56,145 | €84,802 | ▲ 51.0% |
| Operating profit (loss)9901 | €25,921 | €42,423 | €25,537 | €28,974 | €27,435 | ▼ 5.3% |
| Financial income75/76B | - | €59 | - | - | - | - |
| Recurring financial income75 | €22 | €59 | - | - | - | - |
| Financial charges65/66B | - | €3,525 | €3,389 | €3,397 | €3,066 | ▼ 9.8% |
| Recurring financial charges65 | €3,501 | €3,525 | €3,389 | €3,397 | €3,066 | ▼ 9.8% |
| Profit (loss) for the period before taxes9903 | €22,443 | €38,957 | €22,148 | €25,577 | €24,369 | ▼ 4.7% |
| Income taxes67/77 | €6,435 | €11,130 | €7,159 | €7,976 | €7,356 | ▼ 7.8% |
| Profit (loss) for the period9904 | €16,008 | €27,827 | €14,989 | €17,601 | €17,013 | ▼ 3.3% |
| Profit (loss) for the period to be appropriated9905 | €16,008 | €27,827 | €14,989 | €17,601 | €17,013 | ▼ 3.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €391,065 | €335,133 | €413,891 | €664,637 | €472,204 | ▼ 29.0% |
| Fixed assets21/28 | €2,219 | €6,457 | €50,303 | €37,516 | €24,728 | ▼ 34.1% |
| Tangible fixed assets22/27 | €1,478 | €716 | €44,562 | €31,775 | €18,987 | ▼ 40.2% |
| Plant, machinery and equipment23 | - | - | €1,775 | €888 | €0 | ▼ 100.0% |
| Furniture and vehicles24 | - | €716 | €42,787 | €30,887 | €18,986 | ▼ 38.5% |
| Financial fixed assets28 | €741 | €5,741 | €5,741 | €5,741 | €5,741 | = |
| Current assets29/58 | €388,846 | €328,676 | €363,588 | €627,121 | €447,476 | ▼ 28.6% |
| Amounts receivable after more than one year29 | - | €15,000 | €15,000 | - | - | - |
| Other amounts receivable291 | - | €15,000 | €15,000 | - | - | - |
| Amounts receivable within one year40/41 | €372,084 | €235,412 | €339,383 | €539,652 | €432,457 | ▼ 19.9% |
| Trade receivables40 | - | €197,448 | €299,795 | €509,366 | €379,823 | ▼ 25.4% |
| Other amounts receivable41 | - | €37,964 | €39,588 | €30,286 | €52,634 | ▲ 73.8% |
| Cash at bank and in hand54/58 | - | €77,101 | €4,227 | €81,132 | €11,545 | ▼ 85.8% |
| Deferred charges and accrued income490/1 | - | €1,163 | €4,977 | €6,337 | €3,475 | ▼ 45.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €391,065 | €335,133 | €413,891 | €664,637 | €472,204 | ▼ 29.0% |
| Equity10/15 | €221,227 | €249,054 | €264,043 | €281,644 | €298,657 | ▲ 6.0% |
| Contributions10/11 | - | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €124,443 | €151,443 | €165,943 | €182,943 | €199,943 | ▲ 9.3% |
| Non-distributable reserves130/1 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves not available under the articles1311 | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Tax-exempt reserves132 | - | €16,813 | €16,813 | €16,813 | €16,813 | = |
| Distributable reserves133 | - | €131,630 | €146,130 | €163,130 | €180,130 | ▲ 10.4% |
| Profit (loss) carried forward14 | €66,784 | €67,611 | €68,100 | €68,701 | €68,714 | = |
| Amounts payable17/49 | €169,837 | €86,079 | €149,848 | €382,993 | €173,547 | ▼ 54.7% |
| Amounts payable after more than one year17 | - | - | €24,287 | €14,450 | €4,314 | ▼ 70.1% |
| Financial debts170/4 | - | - | €24,287 | €14,450 | €4,314 | ▼ 70.1% |
| Amounts payable within one year42/48 | €169,837 | €86,079 | €125,561 | €368,543 | €169,233 | ▼ 54.1% |
| Current portion of amounts payable after more than one year42 | - | - | €9,867 | €9,837 | €10,136 | ▲ 3.0% |
| Financial debts43 | - | €7,500 | €3,847 | €1,468 | €1,128 | ▼ 23.1% |
| Credit institutions430/8 | - | €7,500 | €3,847 | €1,468 | €1,128 | ▼ 23.1% |
| Trade debts44 | €114,708 | €64,969 | €87,520 | €342,329 | €149,937 | ▼ 56.2% |
| Suppliers440/4 | - | €64,969 | €87,520 | €342,329 | €149,937 | ▼ 56.2% |
| Taxes, remuneration and social security45 | - | €3,984 | €13,155 | €13,625 | €8,031 | ▼ 41.1% |
| Taxes450/3 | - | €1,130 | €8,290 | €8,290 | €2,274 | ▼ 72.6% |
| Remuneration and social security454/9 | - | €2,854 | €4,866 | €5,335 | €5,758 | ▲ 7.9% |
| Other amounts payable47/48 | - | €9,625 | €11,171 | €1,284 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,008 | €27,827 | €14,989 | €17,601 | €17,013 | ▼ 3.3% |
| + Depreciation and write-downs630 | €3,262 | €762 | €9,917 | €12,787 | €12,788 | = |
| Operating cash flow (approximation) | €19,270 | €28,589 | €24,906 | €30,388 | €29,801 | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | -€5,000 | -€53,763 | €0 | €0 | - |
| Change in cash | - | - | -€72,874 | €76,905 | -€69,587 | ▼ 190% |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 138 days late
2024
19-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 111 days late
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 106 days late
2022
31-12
Financial
Weakest financial yearnet €14,989 ▼46.1%
Net result drops to €14,989, the lowest in the series; recovery starts the following year.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
02-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 124 days late
2019
31-12
Financial
Highest result since 2018net €37,005 ▲15.4%
Operating result €56,533, net result €37,005, both a record.
31-12
Financial
Equity above €200,000Eq €205,219 ▲22%
2 profitable years in a row build equity to €205,219.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ganshoren · 1 establishment unit since 2007
Ground area
316 m²
Building footprint
355 m²
Volume, LiDAR
4,045 m³
2 parcels, Brussels · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
MITROFAN
since 20072.158.718.370
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464D0137/00X010 | Brussels | 262 m² | 1 · 262 m² | 19.8 m · 2 fl. |
| 21392B0093/00Z006 | Brussels | 53 m² | 1 · 93 m² | 17.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
20 categoriesMITROFAN SRL35241
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Of 15,518 companies in this sector we hold annual accounts for 7,427. 5,402 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43230Insulation installation
43320Joinery installation
Contact
Phone
0484/721271Jette
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885710958
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.