Mivalti
ActiveMivalti has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.13M and a net result of €471k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 52% of 460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+1
Solvency97▼-1
Growth72▼-1
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 2.13 against 2.53 in 2024), and 49.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 87
Relative position
BE, all sectors
reference
Sector 87
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.8%
Return on assets
2.9%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
37 d early
2023
43 d early
2022
54 d early
2021
45 d early
2020
39 d early
2019
41 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.68M▲ 4.6%
2024 · €1.61M
2018: €968k
2019: €1.03M
2020: €1.05M
2021: €1.27M
2022: €1.34M
2023: €1.53M
2024: €1.61M
2018 → 2025
EBIT margin
28.1%▲ 8.6pp
2024 · 19.6%
2018: 17.1%
2019: 9.2%
2020: 74.3%
2021: 30.2%
2022: 16.1%
2023: 24.3%
2024: 19.6%
2018 → 2025
Net result
€471k▲ 26.9%
2024 · €371k
2018: €266k
2019: €624k
2020: €688k
2021: €271k
2022: €138k
2023: €342k
2024: €371k
2018 → 2025
Working capital
€2.67M▼ 9.2%
2024 · €2.94M
2018: €765k
2019: €1.15M
2020: €1.79M
2021: €2.27M
2022: €2.32M
2023: €2.64M
2024: €2.94M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.27M-€1.34M▲ 5.9%€1.53M▲ 14.1%€1.61M▲ 5.2%€1.68M▲ 4.6%
Equity€6.59M-€6.80M▲ 3.1%€7.19M▲ 5.8%€7.66M▲ 6.5%€8.13M▲ 6.2%
Operating result€382k-€216k▼ 43.5%€372k▲ 72.6%€315k▼ 15.4%€474k▲ 50.4%
Net result€271k-€138k▼ 49.2%€342k▲ 149%€371k▲ 8.3%€471k▲ 26.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 50% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.01M
Fixed assets
€10.99M▲ 26.6%
Current assets
€5.02M▲ 3.3%
Equity and liabilities €16.01M
Equity
€8.13M▲ 6.2%
Provisions
€910k▲ 7.4%
Debt
€6.97M▲ 38.3%
The debt ratio rises from 37.2% to 43.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€1.34M▲
2024 · €878k
Cash flow
€1.34M▲
2024 · €934k
Solvency
50.8%▼
2024 · 56.5%
Current ratio
2.13▼
2024 · 2.53
Quick ratio
2.13▼
2024 · 2.52
Debt / equity
0.86▲
2024 · 0.66
ROE
5.8%▲
2024 · 4.8%
ROA
2.9%▲
2024 · 2.7%
Interest coverage
22.62▲
2024 · 15.91
Debt
€6.97M▲
2024 · €5.04M
Debt ≤ 1 year
€2.35M▲
2024 · €1.92M
Debt > 1 year
€4.54M▲
2024 · €2.96M
Income taxes
€-2k
Staff costs
€9.98M▲
2024 · €9.63M
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€13.55M€16.01M▲
Fixed assets21/28€8.68M€10.99M▲
Intangible fixed assets21€19k€9k▼
Tangible fixed assets22/27€8.65M€10.97M▲
Land and buildings22€7.79M€9.92M▲
Plant, machinery and equipment23€267k€250k▼
Furniture and vehicles24€457k€341k▼
Leasing and similar rights25€28k€19k▼
Assets under construction and advance payments27€115k€444k▲
Financial fixed assets28€12k€10k▼
Other financial fixed assets284/8€12k€10k▼
Amounts receivable and cash guarantees285/8€12k€10k▼
Current assets29/58€4.86M€5.02M▲
Amounts receivable after more than one year29€108k€128k▲
Other amounts receivable291€108k€128k▲
Stocks and contracts in progress3€6k€6k=
Stocks30/36€6k€6k=
Raw materials and consumables30/31€6k-
Goods purchased for resale34-€6k
Amounts receivable within one year40/41€539k€576k▲
Trade receivables40€315k€186k▼
Other amounts receivable41€224k€390k▲
Current investments50/53€3.11M€3.13M▲
Cash at bank and in hand54/58€984k€1.10M▲
Deferred charges and accrued income490/1€119k€85k▼
Equity and liabilities
Total equity and liabilities10/49€13.55M€16.01M▲
Equity10/15€7.66M€8.13M▲
Contributions10/11€353k€353k=
Capital10€353k€353k=
Reserves13€2.59M€5.59M▲
Profit (loss) carried forward14€3.55M€1.03M▼
Investment grants15€1.16M€1.16M▲
Provisions and deferred taxes16€847k€910k▲
Provisions for liabilities and charges160/5€847k€910k▲
Major repairs and maintenance162€453k€453k=
Other liabilities and charges164/5€394k€457k▲
Amounts payable17/49€5.04M€6.97M▲
Amounts payable after more than one year17€2.96M€4.54M▲
Financial debts170/4€2.87M€4.42M▲
Credit institutions173€2.64M€4.13M▲
Other loans174€238k€289k▲
Other amounts payable178/9€91k€121k▲
Amounts payable within one year42/48€1.92M€2.35M▲
Current portion of amounts payable after more than one year42€256k€390k▲
Trade debts44€240k€299k▲
Suppliers440/4€240k€299k▲
Taxes, remuneration and social security45€1.43M€1.66M▲
Taxes450/3€119k€317k▲
Remuneration and social security454/9€1.31M€1.35M▲
Accrued charges and deferred income492/3€150k€75k▼
Income statement
Code20242025
Operating income70/76A€12.60M€13.53M▲
Turnover70€1.61M€1.68M▲
Other operating income74€519k€463k▼
Non-recurring operating income76A€2k€147▼
Operating charges60/66A€12.28M€13.05M▲
Goods for resale, raw materials and consumables60€927k€927k=
Purchases600/8€928k€927k▼
Change in stocks: decrease (increase)609€-1k-
Services and other goods61€1.03M€1.11M▲
Remuneration, social security and pensions62€9.63M€9.98M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€563k€869k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€126k€84k▼
Non-recurring operating charges66A€27k€15k▼
Operating profit (loss)9901€315k€474k▲
Financial income75/76B€118k€65k▼
Recurring financial income75€118k€65k▼
Income from current assets751€118k€65k▼
Other financial income752/9€90€3▼
Financial charges65/66B€62k€70k▲
Recurring financial charges65€62k€70k▲
Debt charges650€55k€59k▲
Other financial charges652/9€7k€11k▲
Profit (loss) for the period before taxes9903€371k€469k▲
Income taxes67/77-€-2k
Tax adjustments and reversals of tax provisions77-€2k
Profit (loss) for the period9904€371k€471k▲
Profit (loss) for the period to be appropriated9905€371k€471k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.85M€4.03M▲
Profit (loss) brought forward from the previous period14P€3.48M€3.55M▲
To contributions691€300k€3.00M▲
Social balance
Average headcount (FTE)9087133.1134.9▲
The notes to these accounts (100 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €138k ▼49.2%
Net result drops to €138k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €688k ▲10.1%
Operating result €777k, net result €688k, both a record.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 41 days late
2019
31-12
Financial
Equity above €5MEq €5.22M ▲13.7%
2 profitable years in a row build equity to €5.22M.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
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.
Directors · office · real estate
Directors
13 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, Tielt · 2 establishment units since 2006
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.
Gruuthusestraat 368700 TieltGround area
7,739 m²
Building footprint
713 m²
Volume, LiDAR
2,788 m³
2 parcels, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MINDERVALIDEN TIELT vzw
since 20062.154.996.243
Mivalti's Corner
since 20232.344.536.520
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37303G0206/00R000 | Flanders | 7,402 m² | 1 · 443 m² | 8.8 m · 2 fl. |
| 37015K1115/00G000 | Flanders | 337 m² | 1 · 270 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 20 entries · 11,838,514 EUR awarded · 11,794,981 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 1,404,647 EUR | 1,404,647 EUR |
| 2024 | 6 | 1,020,671 EUR | 1,000,757 EUR |
| 2023 | 5 | 2,067,684 EUR | 2,044,066 EUR |
| 2022 | 5 | 7,345,512 EUR | 7,345,511 EUR |
Schemes
Persoonsvolgend budget voor personen met een handicap (PVB)
Subsidie voor infrastructuurforfait personen met een handicap
Subsidie voor alternatieve financiering personen met een handicap
Subsidie voor klimaat
Vlaams opleidingsverlof (VOV)
Show 2 more
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
2 sitesTielt2.154.996.243
Tielt2.344.536.520
Care and welfare
3 services · 1 liveMivalti
Mivalti
Mivalti
Dual-learning approval
5 live approvals · 5 endedBasiszorg en ondersteuning duaal (so)
Basiszorg en ondersteuning duaal (so)
Persoonsbegeleider (vwo)
Persoonsbegeleider duaal (so)
Verzorgende/Zorgkundige duaal (so)
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Of 323 companies in sector 87202 we hold annual accounts for 274. 192 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded25-05-1976
Fiscal year end31-12
Activities, NACEBEL
85314
87202Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.