MIVERVA HOLDING
ActiveSummary
MIVERVA HOLDING has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.55M and a net result of €36k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 95% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▲+1
Solvency100=
Growth52=
Track record100
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 75.47; short-term debt: 1.3% and cash: 0.1% of total assets), and 1.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
98.7%
Return on assets
1.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
52 d late
2024
50 d late
2023
71 d late
2022
55 d early
2021
136 d early
2020
75 d early
2019
66 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€36k▲ 153%
2024 · €14k
2018: €42k
2019: €-27k▼ -165% vs 2018
2020: €48k▲ +275% vs 2019
2021: €124k▲ +159% vs 2020highest in 8 years
2022: €4k▼ -97.1% vs 2021
2023: €-51k▼ -1498% vs 2022lowest in 8 years
2024: €14k▲ +128% vs 2023
2025: €36k▲ +153% vs 2024
2018 → 2025
Working capital
€2.45M▲ 1.6%
2024 · €2.41M
2018: €2.11M
2019: €2.09M▼ -1.1% vs 2018lowest in 8 years
2020: €2.14M▲ +2.5% vs 2019
2021: €2.27M▲ +5.9% vs 2020
2022: €2.28M▲ +0.3% vs 2021
2023: €2.40M▲ +5.4% vs 2022
2024: €2.41M▲ +0.7% vs 2023
2025: €2.45M▲ +1.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.55M-€2.55M▲ 0.1%€2.50M▼ 2.0%€2.52M▲ 0.6%€2.55M▲ 1.4%
2021: €2.55M
2022: €2.55M▲ +0.1% vs 2021highest in 5 years
2023: €2.50M▼ -2.0% vs 2022lowest in 5 years
2024: €2.52M▲ +0.6% vs 2023
2025: €2.55M▲ +1.4% vs 2024
Operating result€167k-€-44k€-74k▼ 67.3%€-22k▲ 69.8%€-14k▲ 38.3%
2021: €167khighest in 5 years
2022: €-44k▼ -126% vs 2021
2023: €-74k▼ -67.3% vs 2022lowest in 5 years
2024: €-22k▲ +69.8% vs 2023
2025: €-14k▲ +38.3% vs 2024
Net result€124k-€4k▼ 97.1%€-51k€14k€36k▲ 153%
2021: €124khighest in 5 years
2022: €4k▼ -97.1% vs 2021
2023: €-51k▼ -1498% vs 2022lowest in 5 years
2024: €14k▲ +128% vs 2023
2025: €36k▲ +153% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €22k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.58M
Fixed assets
€99k ▼ 3.0%
Current assets
€2.49M ▲ 2.6%
Equity and liabilities €2.58M
Equity
€2.55M ▲ 1.4%
Debt
€33k ▲ 283%
Debt's share of the balance-sheet total rises from 0.3% to 1.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-11k▲
2024 · €-19k
Cash flow
€39k▲
2024 · €17k
Current ratio
75.47
Quick ratio
55.82
Debt to equity
0.01▲
2024 · 0.00
ROE
1.4%▲
2024 · 0.6%
ROA
1.4%▲
2024 · 0.6%
Interest coverage
-59.58▲
2024 · -151.62
Debt ≤ 1 year
€33k▲
2024 · €9k
Income taxes
€13k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.52M€2.58M▲
Fixed assets21/28€102k€99k▼
Tangible fixed assets22/27€67k€64k▼
Land and buildings22€66k€63k▼
Plant, machinery and equipment23€1k€946▼
Financial fixed assets28€35k€35k=
Current assets29/58€2.42M€2.49M▲
Amounts receivable after more than one year29€550k€600k▲
Other amounts receivable291€550k€600k▲
Stocks and contracts in progress3€495k€647k▲
Stocks30/36€495k€647k▲
Amounts receivable within one year40/41€1.10M€1.15M▲
Trade receivables40€14k€12k▼
Other amounts receivable41€1.09M€1.13M▲
Cash at bank and in hand54/58€236k€3k▼
Deferred charges and accrued income490/1€42k€90k▲
Equity and liabilities
Total equity and liabilities10/49€2.52M€2.58M▲
Equity10/15€2.52M€2.55M▲
Contributions10/11€1.11M€1.11M=
Capital10€1.11M€1.11M=
Issued capital100€1.11M€1.11M=
Reserves13€1.41M€1.45M▲
Non-distributable reserves130/1€111k€111k=
Legal reserve130€111k€111k=
Distributable reserves133€1.30M€1.34M▲
Amounts payable17/49€9k€33k▲
Amounts payable within one year42/48€9k€33k▲
Trade debts44€2k€20k▲
Suppliers440/4€2k€20k▲
Taxes, remuneration and social security45€5k€13k▲
Taxes450/3€5k€13k▲
Other amounts payable47/48€1k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€4k€5k▲
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€-10k€-5k▲
Operating profit (loss)9901€-22k€-14k▲
Financial income75/76B€42k€63k▲
Recurring financial income75€42k€63k▲
Financial charges65/66B€126€178▲
Recurring financial charges65€126€178▲
Profit (loss) for the period before taxes9903€19k€49k▲
Income taxes67/77€5k€13k▲
Profit (loss) for the period9904€14k€36k▲
Profit (loss) for the period to be appropriated9905€14k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€36k▲
Transfer from equity791/2€0-
Transfer to equity691/2€14k€36k▲
To other reserves6921€14k€36k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €3k | €3k | = |
| Other operating charges640/8 | - | €5k | €12k | €4k | €5k | ▲ 16.6% |
| Non-recurring operating charges66A | - | - | €60k | €5k | €0 | ▼ 100% |
| Gross operating margin9900 | €179k | €-36k | €2k | €-10k | €-5k | ▲ 44.3% |
| Operating profit (loss)9901 | €167k | €-44k | €-74k | €-22k | €-14k | ▲ 38.3% |
| Financial income75/76B | - | €49k | €26k | €42k | €63k | ▲ 49.9% |
| Recurring financial income75 | €402 | €49k | €26k | €42k | €63k | ▲ 49.9% |
| Financial charges65/66B | - | €563 | €120 | €126 | €178 | ▲ 41.2% |
| Recurring financial charges65 | €1k | €563 | €120 | €126 | €178 | ▲ 41.2% |
| Profit (loss) for the period before taxes9903 | €167k | €5k | €-48k | €19k | €49k | ▲ 151% |
| Income taxes67/77 | €43k | €961 | €3k | €5k | €13k | ▲ 145% |
| Profit (loss) for the period9904 | €124k | €4k | €-51k | €14k | €36k | ▲ 153% |
| Profit (loss) for the period to be appropriated9905 | €124k | €4k | €-51k | €14k | €36k | ▲ 153% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.57M | €2.56M | €2.52M | €2.52M | €2.58M | ▲ 2.4% |
| Fixed assets21/28 | €283k | €280k | €105k | €102k | €99k | ▼ 3.0% |
| Tangible fixed assets22/27 | €76k | €73k | €70k | €67k | €64k | ▼ 4.6% |
| Land and buildings22 | - | €71k | €68k | €66k | €63k | ▼ 4.2% |
| Plant, machinery and equipment23 | - | €2k | €2k | €1k | €946 | ▼ 25.0% |
| Financial fixed assets28 | €207k | €207k | €35k | €35k | €35k | = |
| Current assets29/58 | €2.28M | €2.28M | €2.42M | €2.42M | €2.49M | ▲ 2.6% |
| Amounts receivable after more than one year29 | - | - | - | €550k | €600k | ▲ 9.1% |
| Other amounts receivable291 | - | - | - | €550k | €600k | ▲ 9.1% |
| Stocks and contracts in progress3 | €541k | €385k | €495k | €495k | €647k | ▲ 30.8% |
| Stocks30/36 | - | €385k | €495k | €495k | €647k | ▲ 30.8% |
| Amounts receivable within one year40/41 | €1.29M | €927k | €819k | €1.10M | €1.15M | ▲ 4.1% |
| Trade receivables40 | - | €2k | €13k | €14k | €12k | ▼ 12.5% |
| Other amounts receivable41 | - | €926k | €806k | €1.09M | €1.13M | ▲ 4.3% |
| Cash at bank and in hand54/58 | €452k | €966k | €1.10M | €236k | €3k | ▼ 98.9% |
| Deferred charges and accrued income490/1 | - | €14 | €15 | €42k | €90k | ▲ 117% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.57M | €2.56M | €2.52M | €2.52M | €2.58M | ▲ 2.4% |
| Equity10/15 | €2.55M | €2.55M | €2.50M | €2.52M | €2.55M | ▲ 1.4% |
| Contributions10/11 | €1.11M | €1.11M | €1.11M | €1.11M | €1.11M | = |
| Capital10 | - | €1.11M | €1.11M | €1.11M | €1.11M | = |
| Issued capital100 | - | €1.11M | €1.11M | €1.11M | €1.11M | = |
| Reserves13 | €1.44M | €1.45M | €1.40M | €1.41M | €1.45M | ▲ 2.5% |
| Non-distributable reserves130/1 | - | €111k | €111k | €111k | €111k | = |
| Legal reserve130 | - | €111k | €111k | €111k | €111k | = |
| Distributable reserves133 | - | €1.34M | €1.29M | €1.30M | €1.34M | ▲ 2.7% |
| Amounts payable17/49 | €18k | €5k | €21k | €9k | €33k | ▲ 283% |
| Amounts payable after more than one year17 | €1k | €1k | €0 | - | - | - |
| Other amounts payable178/9 | - | €1k | €0 | - | - | - |
| Amounts payable within one year42/48 | €16k | €3k | €21k | €9k | €33k | ▲ 283% |
| Trade debts44 | €779 | €791 | €16k | €2k | €20k | ▲ 892% |
| Suppliers440/4 | - | €791 | €16k | €2k | €20k | ▲ 892% |
| Taxes, remuneration and social security45 | - | €961 | €4k | €5k | €13k | ▲ 152% |
| Taxes450/3 | - | €961 | €4k | €5k | €13k | ▲ 152% |
| Other amounts payable47/48 | - | €1k | €1k | €1k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €124k | €4k | €-51k | €14k | €36k | ▲ 153% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €3k | €3k | = |
| Operating cash flow (approximation) | €127k | €7k | €-48k | €17k | €39k | ▲ 125% |
| Investment in fixed assets (approximation) | - | €0 | €172k | €0 | €0 | - |
| Change in cash | - | €514k | €139k | €-869k | €-233k | ▲ 73.1% |
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
21-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 52 days late
2025
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 50 days late
2024
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 281.89
Current ratio from 115.53 to 281.89; short-term debt falls from €21k to €9k.
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 71 days late
2023
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 5current ratio 741.19
Current ratio from 142.33 to 741.19; short-term debt falls from €16k to €3k.
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €124k ▲159%
Operating result €167k, net result €124k, both a record.
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
Show earlier events
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 1370current ratio 14470.65
Current ratio from 10.56 to 14470.65; short-term debt falls from €221k to €144.
21-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-06
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.
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
4 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, Knokke-Heist · 1 establishment unit since 1990
Ground area
179 m²
Building footprint
179 m²
Volume, LiDAR
2,401 m³
Parcel 31332F0045/00_000, Flanders · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
Victor Lamoralstraat 4, 8300 Knokke-Heist
since 19902.028.148.056
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0045/00_000 | Flanders | 179 m² | 1 · 179 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 2,443 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-10-1985
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
46180Agents specialised in the wholesale of other particular products
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
Scores and ratios are computed by Checked and are not a credit decision.