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MIVES

Active
Private limited company (pre-2019)founded 199927 yrs activeBusken Huetstraat 18, 2050 Antwerpen, BelgiumKBO/BCE: BE 0465.761.039
Summary

For MIVES, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €91,963 and a net result of €38,702. Equity is growing by ~30.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 5386 sector peers (fiscal year 2023). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).

Checked score

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100▲+10
Solvency89▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 27 years 0 30 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023
Solvency, return and age of the figures
Solvency
64.3%
Return on assets
27.1%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filings
Position against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
30 d late
2021
30 d late
2020
30 d late
2019
112 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 53 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

MIVES was incorporated on 31 March 1999.1 Total assets rose from EUR 103,875 in 2018 to EUR 143,073 in 2023 and headcount from 1 to 0.8 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023

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Financials · fiscal year 2023, micro schema

Equity
€91,963▲ 40.9%
2022 · €65,261
Total assets
€143,073▲ 51.7%
2022 · €94,328
Net result
€38,702▲ 138%
2022 · €16,234
Working capital
€89,408▲ 48.6%
2022 · €60,148
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222023
Operating result€11,084▲ 38.9%€16,547▲ 49.3%€13,396▼ 19.0%€23,972▲ 78.9%€50,334▲ 110%
Net result€8,011▲ 64.3%€9,574within the sector's middle half▲ 19.5%€8,077within the sector's middle half▼ 15.6%€16,234within the sector's middle half▲ 101%€38,702above the sector's middle half▲ 138%
Equity€31,375▲ 34.3%€40,949within the sector's middle half▲ 30.5%€49,027within the sector's middle half▲ 19.7%€65,261within the sector's middle half▲ 33.1%€91,963within the sector's middle half▲ 40.9%
Total assets€101,198▼ 2.6%€104,222within the sector's middle half▲ 3.0%€89,127within the sector's middle half▼ 14.5%€94,328within the sector's middle half▲ 5.8%€143,073within the sector's middle half▲ 51.7%
Debt€69,823▼ 13.3%€63,273▼ 9.4%€40,101▼ 36.6%€29,067▼ 27.5%€51,111▲ 75.8%
Working capital€28,239▲ 56.8%€45,449within the sector's middle half▲ 60.9%€46,935within the sector's middle half▲ 3.3%€60,148within the sector's middle half▲ 28.2%€89,408above the sector's middle half▲ 48.6%
Solvency31.0%▲ 8.5pp39.3%within the sector's middle half▲ 8.3pp55.0%within the sector's middle half▲ 15.7pp69.2%above the sector's middle half▲ 14.2pp64.3%within the sector's middle half▼ 4.9pp
Current ratio1.56▲ 0.221.85within the sector's middle half▲ 0.292.17within the sector's middle half▲ 0.323.07above the sector's middle half▲ 0.902.75above the sector's middle half▼ 0.32
Return on assets (ROA)7.9%▲ 3.2pp9.2%within the sector's middle half▲ 1.3pp9.1%within the sector's middle half▼ 0.1pp17.2%above the sector's middle half▲ 8.1pp27.1%above the sector's middle half▲ 9.8pp
Staff (FTE)1=1within the sector's middle half=1=1=0.8▼ 20.0%
above within below the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2019: €11,084€11,084Net result 2019: €8,011€8,011Operating result 2020: €16,547€16,547Net result 2020: €9,574€9,574Operating result 2021: €13,396€13,396Net result 2021: €8,077€8,077Operating result 2022: €23,972€23,972Net result 2022: €16,234€16,234Operating result 2023: €50,334€50,334Net result 2023: €38,702€38,70220192020202120222023€0€20,000€40,000€60,000Operating result 2021: €13,396€13,400Net result 2021: €8,077€8,080Operating result 2022: €23,972€24,000Net result 2022: €16,234€16,200Operating result 2023: €50,334€50,300Net result 2023: €38,702€38,700202120222023
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 110% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €143,073
Fixed assets €2,555 ▼ 50.0%
Current assets €140,518 ▲ 57.5%
Equity and liabilities €143,073
Equity €91,963 ▲ 40.9%
Debt €51,111 ▲ 75.8%
Debt's share of the balance-sheet total rises from 30.8% to 35.7%. Equity and debt are higher.
Key figures and ratios
2023 value · change against 2022
EBITDA
€52,891▲
2022 · €26,763
Cash flow
€41,259▲
2022 · €19,025
Debt to equity
0.56▲
2022 · 0.45
ROE
42.1%▲
2022 · 24.9%
Interest coverage
292.55▲
2022 · 66.68
Debt ≤ 1 year
€51,111▲
2022 · €29,067
Income taxes
€11,470▲
2022 · €7,363
Staff costs
€30,905▼
2022 · €38,140
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 46 lines
Balance sheet Code20222023
Assets
Total assets20/58€94,328€143,073▲
Fixed assets21/28€5,112€2,555▼
Tangible fixed assets22/27€4,812€2,255▼
Plant, machinery and equipment23€3,479€1,616▼
Furniture and vehicles24€1,333€640▼
Financial fixed assets28€300€300=
Current assets29/58€89,216€140,518▲
Amounts receivable within one year40/41€52,721€53,908▲
Trade receivables40€52,721€34,581▼
Other amounts receivable41-€19,327
Cash at bank and in hand54/58€36,494€86,610▲
Equity and liabilities
Total equity and liabilities10/49€94,328€143,073▲
Equity10/15€65,261€91,963▲
Contributions10/11€12,395€12,395=
Reserves13€35,859€62,559▲
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133€34,000€60,700▲
Profit (loss) carried forward14€17,007€17,009=
Amounts payable17/49€29,067€51,111▲
Amounts payable within one year42/48€29,067€51,111▲
Trade debts44€235-
Suppliers440/4€235-
Taxes, remuneration and social security45€21,472€39,111▲
Taxes450/3€15,983€35,280▲
Remuneration and social security454/9€5,489€3,830▼
Other amounts payable47/48€7,360€12,000▲
Income statement Code20222023
Remuneration, social security and pensions62€38,140€30,905▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,791€2,557▼
Other operating charges640/8€1,592€1,076▼
Gross operating margin9900€66,495€84,872▲
Operating profit (loss)9901€23,972€50,334▲
Financial income75/76B€27€19▼
Recurring financial income75€27€19▼
Financial charges65/66B€401€181▼
Recurring financial charges65€401€181▼
Profit (loss) for the period before taxes9903€23,597€50,172▲
Income taxes67/77€7,363€11,470▲
Profit (loss) for the period9904€16,234€38,702▲
Profit (loss) for the period to be appropriated9905€16,234€38,702▲
Appropriation of the result
Profit (loss) to be appropriated9906€33,007€55,709▲
Profit (loss) brought forward from the previous period14P€16,773€17,007▲
Transfer to equity691/2€16,000€26,700▲
To other reserves6921€16,000€26,700▲
Profit to be distributed694/7-€12,000
Directors or managers695-€12,000

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Remuneration, social security and pensions62--€34,675€38,140€30,905▼ 19.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,998€19,908€4,280€2,791€2,557▼ 8.4%
Other operating charges640/8--€1,738€1,592€1,076▼ 32.4%
Gross operating margin9900€71,588€67,841€54,090€66,495€84,872▲ 27.6%
Operating profit (loss)9901€11,084€16,547€13,396€23,972€50,334▲ 110%
Financial income75/76B--€81€27€19▼ 29.5%
Recurring financial income75€2€6€81€27€19▼ 29.5%
Financial charges65/66B--€1,236€401€181▼ 55.0%
Recurring financial charges65€2,080€2,852€1,236€401€181▼ 55.0%
Profit (loss) for the period before taxes9903€9,006€13,701€12,240€23,597€50,172▲ 113%
Income taxes67/77€995€4,127€4,163€7,363€11,470▲ 55.8%
Profit (loss) for the period9904€8,011€9,574€8,077€16,234€38,702▲ 138%
Profit (loss) for the period to be appropriated9905€8,011€9,574€8,077€16,234€38,702▲ 138%
Line20192020202120222023Change
Assets
Total assets20/58€101,198€104,222€89,127€94,328€143,073▲ 51.7%
Fixed assets21/28€22,939€5,373€2,092€5,112€2,555▼ 50.0%
Tangible fixed assets22/27€22,639€5,073€1,792€4,812€2,255▼ 53.1%
Plant, machinery and equipment23--€1,488€3,479€1,616▼ 53.6%
Furniture and vehicles24--€304€1,333€640▼ 52.0%
Financial fixed assets28€300€300€300€300€300=
Current assets29/58€78,259€98,848€87,035€89,216€140,518▲ 57.5%
Amounts receivable within one year40/41€44,288€40,251€49,385€52,721€53,908▲ 2.3%
Trade receivables40--€46,378€52,721€34,581▼ 34.4%
Other amounts receivable41--€3,007-€19,327-
Cash at bank and in hand54/58€33,971€45,329€37,650€36,494€86,610▲ 137%
Equity and liabilities
Total equity and liabilities10/49€101,198€104,222€89,127€94,328€143,073▲ 51.7%
Equity10/15€31,375€40,949€49,027€65,261€91,963▲ 40.9%
Contributions10/11€12,395-€12,395€12,395€12,395=
Reserves13€1,859€11,859€19,859€35,859€62,559▲ 74.5%
Non-distributable reserves130/1--€1,859€1,859€1,859=
Reserves not available under the articles1311--€1,859€1,859€1,859=
Distributable reserves133--€18,000€34,000€60,700▲ 78.5%
Profit (loss) carried forward14€17,122€16,695€16,773€17,007€17,009=
Amounts payable17/49€69,823€63,273€40,101€29,067€51,111▲ 75.8%
Amounts payable after more than one year17€19,682€9,873----
Amounts payable within one year42/48€50,020€53,400€40,101€29,067€51,111▲ 75.8%
Current portion of amounts payable after more than one year42--€10,756---
Trade debts44€13,508€6,031€2,003€235--
Suppliers440/4--€2,003€235--
Taxes, remuneration and social security45--€13,934€21,472€39,111▲ 82.1%
Taxes450/3--€8,760€15,983€35,280▲ 121%
Remuneration and social security454/9--€5,174€5,489€3,830▼ 30.2%
Other amounts payable47/48--€13,407€7,360€12,000▲ 63.0%
Line20192020202120222023Change
Profit (loss) for the period9904€8,011€9,574€8,077€16,234€38,702▲ 138%
+ Depreciation and write-downs630€19,998€19,908€4,280€2,791€2,557▼ 8.4%
Operating cash flow (approximation)€28,009€29,482€12,358€19,025€41,259▲ 117%
Investment in fixed assets (approximation)--€2,342-€999-€5,812€0▲ 100%
Change in cash-€11,358-€7,679-€1,156€50,116▲ 4,435%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial Highest result since 2018net €38,702 ▲138%
Operating result €50,334, net result €38,702, both a record.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
20-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
31-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
18-09
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 49 days late
2017
16-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 47 days late
2016
30-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
31-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 1999
seat establishment The establishment unit on the map
Ground area
192 m²
Building footprint
93 m²
Volume, LiDAR
719 m³
Parcel 11813N0720/00S002, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
OAK
Busken Huetstraat 18, 2050 AntwerpenRaising of dairy cattle
since 19992.091.177.270
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11813N0720/00S002 Flanders 192 m² 1 · 93 m² 11.9 m · 3 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.

Similar companies · same sector, comparable size

Of 21,227 companies in sector 81300 we hold annual accounts for 4,369. 3,632 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 (pre-2019)
Founded31-03-1999
Fiscal year end31-12
Trade name NL OAK
Activities, NACEBEL 2025
81300Landscape service activities
77310Rental and leasing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0465761039
Also 9925:BE0465761039
Registered 15-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.