MIVICAN
ActiveSummary
MIVICAN has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €-3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 2284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-2
Solvency24▼-2
Growth47▼-3
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.05 in 2024; short-term debt: 101.4% and cash: 2.6% of total assets), and equity is negative.
Credit check for your own amount and term
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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-1.4%
Return on assets
-2.1%
Age of the figures
9 mo
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 €-2k
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 d early
2024
9 d early
2023
26 d late
2022
24 d late
2021
19 d late
2020
17 d late
2019
24 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, abbreviated schema
Turnover
€10k▼ 16.1%
2024 · €12k
2018: €12k
2019: €12k● 0.0% vs 2018
2020: €16k▲ +29.2% vs 2019
2021: €18k▲ +16.7% vs 2020highest in 8 years
2022: €11k▼ -37.3% vs 2021
2023: €14k▲ +19.7% vs 2022
2024: €12k▼ -9.7% vs 2023
2025: €10k▼ -16.1% vs 2024lowest in 8 years
2018 → 2025
EBIT margin
-24.0%▼ 18.1pp
2024 · -6.0%
2018: -21.1%
2019: -42.8%▼ -102% vs 2018lowest in 8 years
2020: 12.2%▲ +129% vs 2019
2021: 24.1%▲ +96.4% vs 2020highest in 8 years
2022: -16.4%▼ -168% vs 2021
2023: -12.3%▲ +25.3% vs 2022
2024: -6.0%▲ +51.4% vs 2023
2025: -24.0%▼ -303% vs 2024
2018 → 2025
Net result
€-3k▼ 150%
2024 · €-1k
2018: €-3k
2019: €-6k▼ -71.9% vs 2018lowest in 8 years
2020: €1k▲ +119% vs 2019
2021: €4k▲ +223% vs 2020highest in 8 years
2022: €-2k▼ -167% vs 2021
2023: €-2k▲ +14.5% vs 2022
2024: €-1k▲ +49.1% vs 2023
2025: €-3k▼ -150% vs 2024
2018 → 2025
Working capital
€-125k▲ 3.1%
2024 · €-129k
2018: €-132k
2019: €-134k▼ -1.7% vs 2018
2020: €-136k▼ -1.2% vs 2019lowest in 8 years
2021: €-130k▲ +4.3% vs 2020
2022: €-131k▼ -0.7% vs 2021
2023: €-132k▼ -0.5% vs 2022
2024: €-129k▲ +2.3% vs 2023
2025: €-125k▲ +3.1% 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
Turnover€18k-€11k▼ 37.3%€14k▲ 19.7%€12k▼ 9.7%€10k▼ 16.1%
2021: €18khighest in 5 years
2022: €11k▼ -37.3% vs 2021
2023: €14k▲ +19.7% vs 2022
2024: €12k▼ -9.7% vs 2023
2025: €10k▼ -16.1% vs 2024lowest in 5 years
Equity€7k-€4k▼ 37.5%€2k▼ 51.2%€944▼ 53.5%€-2k
2021: €7khighest in 5 years
2022: €4k▼ -37.5% vs 2021
2023: €2k▼ -51.2% vs 2022
2024: €944▼ -53.5% vs 2023
2025: €-2k▼ -287% vs 2024lowest in 5 years
Operating result€4k-€-2k€-2k▲ 10.6%€-731▲ 56.1%€-2k▼ 238%
2021: €4khighest in 5 years
2022: €-2k▼ -143% vs 2021
2023: €-2k▲ +10.6% vs 2022
2024: €-731▲ +56.1% vs 2023
2025: €-2k▼ -238% vs 2024lowest in 5 years
Net result€4k-€-2k€-2k▲ 14.5%€-1k▲ 49.1%€-3k▼ 150%
2021: €4khighest in 5 years
2022: €-2k▼ -167% vs 2021
2023: €-2k▲ +14.5% vs 2022
2024: €-1k▲ +49.1% vs 2023
2025: €-3k▼ -150% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €731 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€123k ▼ 5.2%
Current assets
€7k ▲ 3.6%
Key figures and ratios
EBITDA
€4k▼
2024 · €7k
Cash flow
€4k▼
2024 · €7k
Solvency
-1.4%▼
2024 · 0.7%
Current ratio
0.06▲
2024 · 0.05
Debt to equity
-74.85
ROA
-2.1%▼
2024 · -0.8%
Interest coverage
18.20▼
2024 · 20.14
Debt
€132k▼
2024 · €136k
Debt ≤ 1 year
€132k▼
2024 · €136k
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 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€137k€130k▼
Fixed assets21/28€130k€123k▼
Tangible fixed assets22/27€130k€123k▼
Land and buildings22€130k€123k▼
Current assets29/58€7k€7k▲
Amounts receivable within one year40/41€3k€3k=
Trade receivables40€3k€3k=
Other amounts receivable41€317€317=
Cash at bank and in hand54/58€3k€3k▲
Deferred charges and accrued income490/1€664€684▲
Equity and liabilities
Total equity and liabilities10/49€137k€130k▼
Equity10/15€944€-2k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-19k€-22k▼
Amounts payable17/49€136k€132k▼
Amounts payable within one year42/48€136k€132k▼
Current portion of amounts payable after more than one year42€4k-
Trade debts44-€74
Suppliers440/4-€74
Other amounts payable47/48€132k€132k=
Accrued charges and deferred income492/3€84-
Income statement
Code20242025
Turnover70€12k€10k▼
Goods, raw materials, services and sundry goods60/61€4k€4k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€8k€6k▼
Operating profit (loss)9901€-731€-2k▼
Financial charges65/66B€354€236▼
Recurring financial charges65€354€236▼
Profit (loss) for the period before taxes9903€-1k€-3k▼
Profit (loss) for the period9904€-1k€-3k▼
Profit (loss) for the period to be appropriated9905€-1k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-22k▼
Profit (loss) brought forward from the previous period14P€-18k€-19k▼
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €18k | €11k | €14k | €12k | €10k | ▼ 16.1% |
| Goods, raw materials, services and sundry goods60/61 | €4k | €4k | €5k | €4k | €4k | ▲ 9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €8k | €8k | €7k | ▼ 13.7% |
| Other operating charges640/8 | €1k | €1k | €2k | €1k | €2k | ▲ 40.1% |
| Gross operating margin9900 | €14k | €7k | €8k | €8k | €6k | ▼ 28.1% |
| Operating profit (loss)9901 | €4k | €-2k | €-2k | €-731 | €-2k | ▼ 238% |
| Financial charges65/66B | €638 | €629 | €464 | €354 | €236 | ▼ 33.2% |
| Recurring financial charges65 | €638 | €629 | €464 | €354 | €236 | ▼ 33.2% |
| Profit (loss) for the period before taxes9903 | €4k | €-2k | €-2k | €-1k | €-3k | ▼ 150% |
| Profit (loss) for the period9904 | €4k | €-2k | €-2k | €-1k | €-3k | ▼ 150% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-2k | €-2k | €-1k | €-3k | ▼ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161k | €153k | €144k | €137k | €130k | ▼ 4.8% |
| Fixed assets21/28 | €153k | €145k | €138k | €130k | €123k | ▼ 5.2% |
| Tangible fixed assets22/27 | €153k | €145k | €138k | €130k | €123k | ▼ 5.2% |
| Land and buildings22 | €153k | €145k | €138k | €130k | €123k | ▼ 5.2% |
| Current assets29/58 | €8k | €7k | €7k | €7k | €7k | ▲ 3.6% |
| Amounts receivable within one year40/41 | €5k | €5k | €6k | €3k | €3k | = |
| Trade receivables40 | €5k | €5k | €6k | €3k | €3k | = |
| Other amounts receivable41 | €350 | €350 | €317 | €317 | €317 | = |
| Cash at bank and in hand54/58 | €2k | €1k | €339 | €3k | €3k | ▲ 7.5% |
| Deferred charges and accrued income490/1 | €484 | €526 | €595 | €664 | €684 | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161k | €153k | €144k | €137k | €130k | ▼ 4.8% |
| Equity10/15 | €7k | €4k | €2k | €944 | €-2k | ▼ 287% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-13k | €-16k | €-18k | €-19k | €-22k | ▼ 14.2% |
| Amounts payable17/49 | €155k | €149k | €142k | €136k | €132k | ▼ 2.8% |
| Amounts payable after more than one year17 | €17k | €10k | €4k | - | - | - |
| Financial debts170/4 | €17k | €10k | €4k | - | - | - |
| Amounts payable within one year42/48 | €138k | €138k | €138k | €136k | €132k | ▼ 2.7% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €6k | €4k | - | - |
| Trade debts44 | - | - | - | - | €74 | - |
| Suppliers440/4 | - | - | - | - | €74 | - |
| Other amounts payable47/48 | €132k | €132k | €132k | €132k | €132k | = |
| Accrued charges and deferred income492/3 | - | €70 | €81 | €84 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-2k | €-2k | €-1k | €-3k | ▼ 150% |
| + Depreciation and write-downs630 | €8k | €8k | €8k | €8k | €7k | ▼ 13.7% |
| Operating cash flow (approximation) | €12k | €5k | €6k | €7k | €4k | ▼ 39.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-856 | €-1k | €3k | €233 | ▼ 91.6% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 26 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
31-12
Financial
Highest result since 2018net €4k ▲223%
Operating result €4k, net result €4k, both a record.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 17 days late
2020
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Quévy · 1 establishment unit since 2015
Ground area
1,097 m²
Building footprint
183 m²
Volume, LiDAR
1,020 m³
Parcel 53067A0466/00C000, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mivican
since 20152.242.307.230
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53067A0466/00C000 | Wallonia | 1,097 m² | 1 · 183 m² | 7.5 m · 2 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 24,497 companies in sector 82990 we hold annual accounts for 9,406. 981 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
Founded09-04-2015
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Contact
Phone
0475/726552
Scores and ratios are computed by Checked and are not a credit decision.