MIVECO.COM
ActiveSummary
MIVECO.COM has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €417,557 and a net result of €384,880. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 2715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency85▲+51
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.68 against 0.99 in 2024; short-term debt: 32.8% and cash: 13% of total assets), and 40% of the assets are financed with debt.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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
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
60%
Return on assets
55.3%
Age of the figures
12 mo
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-05-2026, 4 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
4 d late
2024
51 d early
2023
on the day
2022
17 d early
2021
22 d early
2020
11 d early
2019
14 d late
← 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 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€417,557▲ 1,178%
2024 · €32,678
Total assets
€695,546▲ 82.9%
2024 · €380,187
Net result
€384,880▲ 70.4%
2024 · €225,803
Working capital
€382,330
2024 · -€3,182
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€42,886▼ 26.7%€66,277▲ 54.5%€180,626▲ 173%€332,047▲ 83.8%€403,431▲ 21.5%
Net result€15,352▲ 350%€23,612▲ 53.8%€103,295▲ 337%€225,803▲ 119%€384,880▲ 70.4%
Equity€513,023▲ 3.1%€536,635▲ 4.6%€639,930▲ 19.2%€32,678▼ 94.9%€417,557▲ 1,178%
Total assets€723,941▲ 2.6%€1.2m▲ 66.0%€1.3m▲ 10.0%€380,187▼ 71.2%€695,546▲ 82.9%
Debt€210,919▲ 1.5%€665,363▲ 215%€682,344▲ 2.6%€347,509▼ 49.1%€277,989▼ 20.0%
Working capital-€47,210▼ 28.3%-€176,545▼ 274%-€177,586▼ 0.6%-€3,182▲ 98.2%€382,330
Staff (FTE)2.1▼ 19.2%3.3▲ 57.1%2.5▼ 24.2%2▼ 20.0%2=
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €695,546
Fixed assets
€85,415 ▼ 18.7%
Current assets
€610,131 ▲ 122%
Equity and liabilities €695,546
Equity
€417,557 ▲ 1,178%
Debt
€277,989 ▼ 20.0%
Debt's share of the balance-sheet total falls from 91.4% to 40.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€428,912▲
2024 · €392,538
Cash flow
€410,360▲
2024 · €286,294
Current ratio
2.68▲
2024 · 0.99
Quick ratio
2.63▲
2024 · 0.95
Debt to equity
0.67▼
2024 · 10.63
ROE
92.2%▼
2024 · 691.0%
ROA
55.3%▼
2024 · 59.4%
Interest coverage
24.23▲
2024 · 19.02
Debt ≤ 1 year
€227,801▼
2024 · €278,298
Debt > 1 year
€49,981▼
2024 · €69,005
Income taxes
€1,411▼
2024 · €85,859
Staff costs
€219,273▲
2024 · €207,847
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% 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 497,058 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% | 1.6% |
| 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 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 31,324 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €16,500 | €746 | ▼ 95.5% |
| Remuneration, social security and pensions62 | €160,670 | €215,101 | €232,945 | €207,847 | €219,273 | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,699 | €57,978 | €71,583 | €60,491 | €25,481 | ▼ 57.9% |
| Other operating charges640/8 | €2,848 | €2,057 | €8,185 | €3,729 | €1,794 | ▼ 51.9% |
| Non-recurring operating charges66A | - | - | - | - | €194,967 | - |
| Gross operating margin9900 | €258,102 | €341,414 | €493,339 | €604,114 | €844,947 | ▲ 39.9% |
| Operating profit (loss)9901 | €42,886 | €66,277 | €180,626 | €332,047 | €403,431 | ▲ 21.5% |
| Financial income75/76B | €1,713 | €161 | €2,614 | €250 | €560 | ▲ 124% |
| Recurring financial income75 | €1,713 | €161 | €2,614 | €250 | €560 | ▲ 124% |
| Financial charges65/66B | €3,315 | €8,014 | €22,348 | €20,635 | €17,700 | ▼ 14.2% |
| Recurring financial charges65 | €3,315 | €8,014 | €22,348 | €20,635 | €17,700 | ▼ 14.2% |
| Profit (loss) for the period before taxes9903 | €41,283 | €58,425 | €160,892 | €311,662 | €386,291 | ▲ 23.9% |
| Income taxes67/77 | €25,931 | €34,812 | €57,597 | €85,859 | €1,411 | ▼ 98.4% |
| Profit (loss) for the period9904 | €15,352 | €23,612 | €103,295 | €225,803 | €384,880 | ▲ 70.4% |
| Profit (loss) for the period to be appropriated9905 | €15,352 | €23,612 | €103,295 | €225,803 | €384,880 | ▲ 70.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €723,941 | €1.2m | €1.3m | €380,187 | €695,546 | ▲ 82.9% |
| Fixed assets21/28 | €609,107 | €1.2m | €1.2m | €105,071 | €85,415 | ▼ 18.7% |
| Intangible fixed assets21 | €42,316 | €23,268 | €265 | €2,404 | €1,202 | ▼ 50.0% |
| Tangible fixed assets22/27 | €563,908 | €1.1m | €1.1m | €95,689 | €80,735 | ▼ 15.6% |
| Land and buildings22 | €548,119 | €1.1m | €1.0m | - | - | - |
| Plant, machinery and equipment23 | €1,691 | €847 | €3,195 | €2,005 | €9,841 | ▲ 391% |
| Furniture and vehicles24 | €14,098 | €25,315 | €80,021 | €93,684 | €70,894 | ▼ 24.3% |
| Financial fixed assets28 | €2,883 | €39,081 | €99,030 | €6,978 | €3,478 | ▼ 50.2% |
| Current assets29/58 | €114,834 | €51,772 | €117,011 | €275,116 | €610,131 | ▲ 122% |
| Stocks and contracts in progress3 | €10,166 | €13,416 | €10,626 | €10,626 | €10,626 | = |
| Stocks30/36 | €10,166 | €13,416 | €10,626 | €10,626 | €10,626 | = |
| Amounts receivable within one year40/41 | €54,013 | €31,026 | €92,700 | €223,367 | €490,720 | ▲ 120% |
| Trade receivables40 | €54,013 | €8,678 | €74,964 | €199,473 | €170,305 | ▼ 14.6% |
| Other amounts receivable41 | - | €22,348 | €17,735 | €23,894 | €320,414 | ▲ 1,241% |
| Cash at bank and in hand54/58 | €49,283 | €1,226 | €13,686 | €41,123 | €90,452 | ▲ 120% |
| Deferred charges and accrued income490/1 | €1,372 | €6,105 | €0 | - | €18,333 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €723,941 | €1.2m | €1.3m | €380,187 | €695,546 | ▲ 82.9% |
| Equity10/15 | €513,023 | €536,635 | €639,930 | €32,678 | €417,557 | ▲ 1,178% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €2,804 | €2,804 | = |
| Revaluation surpluses12 | €361,390 | €361,390 | €361,390 | - | - | - |
| Reserves13 | €52,442 | €52,442 | €52,442 | €2,410 | €2,410 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | €15,983 | €15,983 | €15,983 | €2,410 | €2,410 | = |
| Distributable reserves133 | €34,599 | €34,599 | €34,599 | - | - | - |
| Profit (loss) carried forward14 | €80,591 | €104,203 | €207,498 | €27,463 | €412,343 | ▲ 1,401% |
| Amounts payable17/49 | €210,919 | €665,363 | €682,344 | €347,509 | €277,989 | ▼ 20.0% |
| Amounts payable after more than one year17 | €48,875 | €437,046 | €387,747 | €69,005 | €49,981 | ▼ 27.6% |
| Financial debts170/4 | €48,875 | €437,046 | €387,747 | €69,005 | €49,981 | ▼ 27.6% |
| Amounts payable within one year42/48 | €162,044 | €228,318 | €294,597 | €278,298 | €227,801 | ▼ 18.1% |
| Current portion of amounts payable after more than one year42 | €6,940 | €48,310 | €78,319 | €18,119 | €19,024 | ▲ 5.0% |
| Financial debts43 | €2,004 | €39,329 | €2,050 | - | - | - |
| Credit institutions430/8 | €2,004 | €39,329 | €2,050 | - | - | - |
| Trade debts44 | €83,439 | €100,764 | €124,949 | €179,744 | €155,519 | ▼ 13.5% |
| Suppliers440/4 | €83,439 | €100,764 | €124,949 | €179,744 | €155,519 | ▼ 13.5% |
| Taxes, remuneration and social security45 | €67,722 | €38,470 | €81,574 | €76,658 | €53,259 | ▼ 30.5% |
| Taxes450/3 | €43,030 | €5,841 | €53,473 | €52,648 | €5,537 | ▼ 89.5% |
| Remuneration and social security454/9 | €24,692 | €32,628 | €28,100 | €24,009 | €47,722 | ▲ 98.8% |
| Other amounts payable47/48 | €1,938 | €1,444 | €7,705 | €3,777 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €206 | €206 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,352 | €23,612 | €103,295 | €225,803 | €384,880 | ▲ 70.4% |
| + Depreciation and write-downs630 | €51,699 | €57,978 | €71,583 | €60,491 | €25,481 | ▼ 57.9% |
| Operating cash flow (approximation) | €67,051 | €81,591 | €174,878 | €286,294 | €410,360 | ▲ 43.3% |
| Investment in fixed assets (approximation) | - | -€599,098 | -€126,619 | €1.0m | -€5,825 | ▼ 101% |
| Change in cash | - | -€48,058 | €12,460 | €27,438 | €49,329 | ▲ 79.8% |
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
27-08
State Gazette act
Resignations: Gerantis Group NV (director) and Zeron BV (director)Permanent representatives: Tim Nagels and Jelle Geerits · Appointment: Zeron BV (director)6 facts ▸
State Gazette act
Resignations: Gerantis Group NV (director) and Zeron BV (director)
Permanent representatives: Tim Nagels and Jelle Geerits · Appointment: Zeron BV (director)6 facts ▸
- General meeting, 04-08-2026
- Director resignation, Gerantis Group NV (director)
- Permanent representative, Tim Nagels (permanent representative)
- Director resignation, Zeron BV (director)
- Permanent representative, Jelle Geerits (permanent representative)
- Director appointment, Zeron BV (director)
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 4 days late
2025
30-09
Financial
Highest result since 2018net €384,880 ▲70.4%
Operating result €403,431, net result €384,880, both a record.
30-09
Financial
Liquidity triplescurrent ratio 2.68
Current ratio from 0.99 to 2.68; short-term debt falls from €278,298 to €227,801.
30-09
Financial
Equity above €200,000Eq €417,557 ▲1,178%
8 profitable years in a row build equity to €417,557.
10-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €500,000Eq €513,023 ▲3.1%
4 profitable years in a row build equity to €513,023.
19-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €3,412 ▼81.8%
Net result drops to €3,412, the lowest in the series; recovery starts the following year.
Show earlier events
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Board 1
Zeron BV
CurrentDirector · since 04-08-2026 · Legal entity · perm. rep.: Jelle Geerits
Permanent representatives 1
Jelle Geerits
CurrentPermanent representative · since 04-08-2026 · for Zeron BV
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Antwerpen · 2 establishment units since 2001
Ground area
4,407 m²
Building footprint
5,172 m²
Volume, LiDAR
44,391 m³
2 parcels, Flanders · tallest building 32.7 m, ±10 floors. Linked by address, not a title deed.
28
companies at this address
See who is registered here
2 establishment units
MIVECO.COM
since 20012.100.232.320
Cloud computer company
since 20202.320.332.842
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11346B0773/00T004 | Flanders | 3,899 m² | 1 · 4,663 m² | 19.3 m · 2 fl. |
| 11810K1543/00N042 | Flanders | 509 m² | 1 · 509 m² | 32.7 m · 10 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.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Zeron BV |
|
| Gerantis Group NV |
|
Articles of association
Who signs
Each director alone
Structure & network
Part of the group
M80 Capital
31 companies
Group, risk and exposure
Owners and holdings
1 owner · 1 holdingChain of control
- M80 Capital
- Gerantis
- ZERON
- MIVECO.COM
Highest known parent: M80 Capital. The sources do not say who stands above it.
Owners 1
- ZERONparentSourceaccounts ZERON 2025100%
Holdings 1
- AbsabinaTRsubsidiarySourceown accounts 30-09-202351%
According to the annual accounts to 30-09-2023 of MIVECO.COM and those 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
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 49,471 EUR awarded · 20,821 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 5,063 EUR | 5,063 EUR |
| 2024 | 1 | 5,378 EUR | 5,378 EUR |
| 2023 | 1 | 6,712 EUR | 6,712 EUR |
| 2022 | 2 | 32,318 EUR | 3,668 EUR |
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,778. 5,746 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-02-2001
Fiscal year end30-09
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
62100Computer programming
46500Wholesale of information and communication equipment
58290Other software publishing
Contact
E-mail
Veerle@3xc.BeAntwerpen
Phone
0484/775773Antwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474134020
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.