Mivaro
ActiveSummary
Mivaro has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154,367 and a net result of €26,265. Equity is growing by ~18.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
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Signals
This company filed its last 7 accounts on average 18 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 17,811 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,499 | €17,524 | €17,277 | €18,504 | €18,893 | ▲ 2.1% |
| Other operating charges640/8 | €716 | €1,138 | €1,245 | €1,687 | €1,739 | ▲ 3.0% |
| Non-recurring operating charges66A | - | - | €494 | €0 | - | - |
| Gross operating margin9900 | €54,031 | €57,679 | €63,084 | €59,351 | €62,012 | ▲ 4.5% |
| Operating profit (loss)9901 | €35,816 | €39,017 | €44,069 | €39,160 | €41,380 | ▲ 5.7% |
| Financial income75/76B | €957 | - | €26 | €68 | €11 | ▼ 84.1% |
| Recurring financial income75 | €957 | - | €26 | €68 | €11 | ▼ 84.1% |
| Financial charges65/66B | €9,205 | €8,559 | €7,831 | €7,120 | €6,371 | ▼ 10.5% |
| Recurring financial charges65 | €9,205 | €8,559 | €7,831 | €7,120 | €6,371 | ▼ 10.5% |
| Profit (loss) for the period before taxes9903 | €27,568 | €30,459 | €36,265 | €32,107 | €35,020 | ▲ 9.1% |
| Income taxes67/77 | €6,892 | €7,597 | €9,066 | €8,027 | €8,755 | ▲ 9.1% |
| Profit (loss) for the period9904 | €20,676 | €22,862 | €27,198 | €24,081 | €26,265 | ▲ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €20,676 | €22,862 | €27,198 | €24,081 | €26,265 | ▲ 9.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €540,291 | €523,715 | €511,785 | €466,567 | €451,769 | ▼ 3.2% |
| Fixed assets21/28 | €499,391 | €481,867 | €464,097 | €461,754 | €442,862 | ▼ 4.1% |
| Tangible fixed assets22/27 | €499,391 | €481,867 | €464,097 | €461,754 | €442,862 | ▼ 4.1% |
| Land and buildings22 | €498,650 | €481,373 | €464,097 | €461,754 | €442,862 | ▼ 4.1% |
| Furniture and vehicles24 | €741 | €494 | - | - | - | - |
| Current assets29/58 | €40,900 | €41,848 | €47,689 | €4,813 | €8,907 | ▲ 85.1% |
| Amounts receivable within one year40/41 | €108 | €511 | €442 | €0 | €1,245 | - |
| Other amounts receivable41 | €108 | €511 | €442 | €0 | €1,245 | - |
| Cash at bank and in hand54/58 | €40,792 | €41,336 | €47,247 | €4,813 | €7,662 | ▲ 59.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €540,291 | €523,715 | €511,785 | €466,567 | €451,769 | ▼ 3.2% |
| Equity10/15 | €83,961 | €106,823 | €134,021 | €128,102 | €154,367 | ▲ 20.5% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €71,561 | €94,423 | €121,621 | €115,702 | €141,967 | ▲ 22.7% |
| Distributable reserves133 | €71,561 | €94,423 | €121,621 | €115,702 | €141,967 | ▲ 22.7% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €456,330 | €416,892 | €377,764 | €338,465 | €297,402 | ▼ 12.1% |
| Amounts payable after more than one year17 | €416,892 | €377,764 | €337,938 | €297,402 | €256,142 | ▼ 13.9% |
| Financial debts170/4 | €416,892 | €377,764 | €337,938 | €297,402 | €256,142 | ▼ 13.9% |
| Amounts payable within one year42/48 | €39,438 | €39,128 | €39,826 | €41,063 | €41,260 | ▲ 0.5% |
| Current portion of amounts payable after more than one year42 | €38,442 | €39,128 | €39,826 | €40,536 | €41,260 | ▲ 1.8% |
| Trade debts44 | €996 | - | - | - | - | - |
| Suppliers440/4 | €996 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €527 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €527 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,676 | €22,862 | €27,198 | €24,081 | €26,265 | ▲ 9.1% |
| + Depreciation and write-downs630 | €17,499 | €17,524 | €17,277 | €18,504 | €18,893 | ▲ 2.1% |
| Operating cash flow (approximation) | €38,175 | €40,385 | €44,475 | €42,585 | €45,158 | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | €0 | €494 | -€16,162 | €0 | ▲ 100% |
| Change in cash | - | €544 | €5,911 | -€42,435 | €2,850 | ▲ 107% |
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
21-05
State Gazette act
Appointment: Karolien Piet Van Kerckhoven (non-statutory director)2 facts ▸
- General meeting, 01-04-2026
- Director appointment, Karolien Piet Van Kerckhoven (non-statutory director)
Show earlier events
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F1119/02P000 | Flanders | 329 m² | 1 · 121 m² | - |
Linked by address, not proof of ownership
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Karolien Piet Van Kerckhoven |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 30 September 2026 · Peppol Directory
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