Equity
-€1,765
Debts exceed assets in financial year 2025.
MIVICAN
Lifetime
10 annual accounts with figures on one time axispeak €18,088 (2021)
€10,285▼ 16.1%
lowest -€5,965 (2019)
-€2,709▼ €1,624
peak €15,086 (2016)
-€1,765▼ €2,709
€132,074▼ 2.8%
Board2 names since 2024
2 directorsBOURDEAU Michel and 1 other
Documentsfilings and deeds
27-07-20264 days before the deadline
2025abbreviated format
Turnover from €12,260 to €10,285Gross margin from €8,318 to €5,980Loss of €2,709Equity from €944 to -€1,765
Key points
from the 2025 annual accountsLosses
-€8,416 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€132,074 101% of the balance sheet
Payment terms
106 days from customers
Customers pay 17 days later.
Filings
10 annual accounts 5 late
The 2017 accounts came latest: 31 days after the end of the period.
Position in the sector
-€1,765
Less equity than 87% of companies in office administrative support. Sector median €198,673 · 2,830 companies.
Checked score
53
Fair
Financially stronger than 20% of micro companies in office administrative support (NACE 82)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025highest value
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.5%▼ -0.1 percentage points vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 0.3%▼ -0.3 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026lowest value
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€1,765
Liquidity: current ratio 0.06, cash €3,347
lowers risk
Size: turnover €10,285, total assets €130,309
Sector: Office administrative, office support and other business support activities (NACE 82)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 13% of them on solvency, 4% on liquidity, 49% on profitability and 15% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,333 companies had the same profile as MIVICAN has now. Each dot stands for 6 companies, two years later.
90.5%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of MIVICAN itself is lower: 0.5% within 12 months. It rests on far more data about MIVICAN than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,333 companies, not a prediction for MIVICAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.06 (0.05 in 2024), below 1. Short-term debt is 101.4% and cash 2.6% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1,765
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 days early
2024
9 days early
2023
26 days late
2022
24 days late
2021
19 days late
2020
17 days late
2019
24 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0628458743
2 directors appointed, 2 resignations
Resignations: LIEVENS, Carine Sophie Ghislaine and BOURDEAU Michel · Appointments: LIEVENS, Carine Sophie Ghislaine (director) and BOURDEAU Michel (director) · Gazette deed
First establishment
Rue des Brûlés 11, Quévy
Incorporation
published on 13-04-2015 · Gazette deed
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as MIVICAN: other business support services (NACE 82990). They are comparable in size and age: total assets between €114,000 and €126,000, founded between 2012 and 2017.
Official details
Source: KBO- Status
- Active since 09-04-2015Normal situation
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.242.307.2307040 Quévy, since 03-06-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- €130,309▼ 4.8%
- Filing
- Filed on 27-07-2026, 4 days before the end of the filing period
Insights on MIVICAN
MIVICAN has existed since 2015. Turnover fell from €18,000 in 2016 to €10,285 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MIVICAN
- What is the company number of MIVICAN?
- The company number of MIVICAN is 0628.458.743. The VAT number is the same number with BE in front: BE 0628.458.743.
- Where is MIVICAN based?
- The registered office is at Rue des Brûlés 11, 7040 Quévy.Company details
- What does MIVICAN do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of MIVICAN?
- MIVICAN is a private limited company (BV).
- When was MIVICAN founded?
- MIVICAN was founded on 09-04-2015.
- Is MIVICAN still active?
- Yes, MIVICAN is an active enterprise in the KBO register.
- What is the turnover of MIVICAN?
- The turnover of MIVICAN was €10,285 in financial year 2025, according to the filed annual accounts.Financials
- Is MIVICAN profitable?
- In financial year 2025, MIVICAN made a loss of €2,709.
- Where can I find the annual accounts of MIVICAN?
- MIVICAN filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MIVICAN due?
- MIVICAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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