MIVADEBO

Active

Private limited companyfounded 20233 yrs activeNotelaarstraat 23, 2820 Bonheiden, BelgiumKBO/BCE: BE 0798.500.733

The computed 12-month bankruptcy probability of MIVADEBO is 2.7% (moderate). The 2025 annual accounts show equity of €113k and a net result of €11k. Equity is growing by ~141.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 445 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

48 / 100

Fair

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

Axes · tick = 2024

Profitability42▼-14

Solvency38▲+6

Growth78=

Track record94

Bankruptcy probability, 12 months

2.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €5k at 30 days acceptable

Liquidity tight (current ratio 1.24 against 1.48 in 2024; short-term debt: 25.6% and cash: 8.5% of total assets), and 86.9% 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

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

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 79

Relative position

BE, all sectors

reference

Sector 79

higher

← fewer bankruptcies more bankruptcies →

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

13.1%

Return on assets

1.3%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 445 sector peers (2025).

NBB · sector comparison

Position among 445 sector peers

Solvency

better than 24%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

49 d early

2024

168 d early

2023

12 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

19-09-2026 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

€113k▲ 153%

2024 · €45k

2023: €-14k 2024: €45k

2023 → 2025

Total assets

€865k▲ 28.2%

2024 · €675k

2023: €714k 2024: €675k

2023 → 2025

Net result

€11k▼ 80.4%

2024 · €58k

2023: €-24k 2024: €58k

2023 → 2025

Working capital

€54k▼ 60.0%

2024 · €134k

2023: €388k 2024: €134k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€-14k-€45k€113k▲ 153%

Operating result€-4k-€107k€46k▼ 56.9%

Net result€-24k-€58k€11k▼ 80.4%

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 2025; 2025 is 57% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €865k

68.2%

31.8%

Fixed assets €591k▲ 128%

Current assets €275k▼ 34.0%

Equity and liabilities €865k

13.1%

86.9%

Equity €113k▲ 153%

Debt €752k▲ 19.4%

The debt ratio falls from 93.4% to 86.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€80k▼

2024 · €119k

Cash flow

€46k▼

2024 · €70k

Solvency

13.1%▲

2024 · 6.6%

Current ratio

1.24▼

2024 · 1.48

Quick ratio

0.37▲

2024 · 0.02

Debt / equity

6.64▼

2024 · 14.05

ROE

10.1%▼

2024 · 130.2%

ROA

1.3%▼

2024 · 8.7%

Interest coverage

2.63▼

2024 · 3.12

Debt

€752k▲

2024 · €630k

Debt ≤ 1 year

€221k▼

2024 · €282k

Debt > 1 year

€529k▲

2024 · €347k

Income taxes

€4k▼

2024 · €11k

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€675k€865k▲

Fixed assets21/28€259k€591k▲

Tangible fixed assets22/27€258k€590k▲

Land and buildings22€251k€581k▲

Plant, machinery and equipment23€7k€10k▲

Financial fixed assets28€291€291=

Current assets29/58€416k€275k▼

Stocks and contracts in progress3€410k€192k▼

Stocks30/36€410k€192k▼

Amounts receivable within one year40/41€6k€2k▼

Trade receivables40€6k€2k▼

Cash at bank and in hand54/58€275€74k▲

Deferred charges and accrued income490/1€291€7k▲

Equity and liabilities

Total equity and liabilities10/49€675k€865k▲

Equity10/15€45k€113k▲

Contributions10/11€10k€10k=

Revaluation surpluses12-€57k

Reserves13€35k€46k▲

Distributable reserves133€35k€46k▲

Amounts payable17/49€630k€752k▲

Amounts payable after more than one year17€347k€529k▲

Financial debts170/4€347k€528k▲

Other amounts payable178/9-€1k

Amounts payable within one year42/48€282k€221k▼

Current portion of amounts payable after more than one year42€74k€40k▼

Financial debts43€35k-

Credit institutions430/8€35k-

Trade debts44€11k€20k▲

Suppliers440/4€11k€20k▲

Taxes, remuneration and social security45€32k€30k▼

Taxes450/3€23k€22k▼

Remuneration and social security454/9€10k€8k▼

Other amounts payable47/48€130k€131k▲

Accrued charges and deferred income492/3€785€2k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€34k▲

Other operating charges640/8€5k€4k▼

Gross operating margin9900€124k€84k▼

Operating profit (loss)9901€107k€46k▼

Financial charges65/66B€38k€30k▼

Recurring financial charges65€38k€30k▼

Profit (loss) for the period before taxes9903€69k€16k▼

Income taxes67/77€11k€4k▼

Profit (loss) for the period9904€58k€11k▼

Profit (loss) for the period to be appropriated9905€58k€11k▼

Appropriation of the result

Profit (loss) to be appropriated9906€35k€11k▼

Profit (loss) brought forward from the previous period14P€-24k-

Transfer to equity691/2€35k€11k▼

To other reserves6921€35k€11k▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

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

2026

12-06

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Equity above €100kEq €113k ▲153%

2 profitable years in a row build equity to €113k.

13-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €58k

Net result €58k after one loss-making year.

19-07

NBB filing Annual accounts filed

fiscal year 2023 · 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, Bonheiden · 1 establishment unit since 2023

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.

Notelaarstraat 232820 Bonheiden

Ground area

702 m²

Building footprint

229 m²

Volume, LiDAR

651 m³

Parcel 12005A0261/00V005, Flanders · tallest building 3.4 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

MIVADEBO

Notelaarstraat 23, 2820 BonheidenLand transport and transport via pipelines

since 20232.342.744.394

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12005A0261/00V005	Flanders	702 m²	1 · 229 m²	3.4 m · 1 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.

Public money · subsidies and aid

Flemish government

2024 · 1 entry · 235 EUR awarded · 235 EUR paid

Year	Entries	awarded	paid
2024	1	235 EUR	235 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 235 EUR · 235 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Nazareth-De Pinte · Eq €113k

Europareizen Euroclub

BE 0422.401.247

Merelbeke-Melle · Eq €114k

Of 1,439 companies in sector 79110 we hold annual accounts for 880. 749 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded16-02-2023

Fiscal year end31-12

Activities, NACEBEL

79110Travel agency activities

49320Taxi operation

49330On-demand passenger transport by chauffeured vehicle

56210Event catering

68110Buying and selling of own real estate

82300Organisation of conventions and trade shows

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.