MiWin-IT
ActiveSummary
MiWin-IT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,068 and a net result of €2,775. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 30% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability36▲+9
Solvency58▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 4.65 against 9.95 in 2024; short-term debt: 19.1% and cash: 61.5% of total assets), but 66.5% of the assets are financed with debt.
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Signals
Six 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
33.5%
Return on assets
4.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €21,068
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 24-03-2026, 129 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
129 d early
2024
127 d early
2023
103 d early
2022
3 d early
2021
3 d late
2020
149 d early
2019
46 d early
← 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 79 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€21,068▲ 15.2%
2024 · €18,292
Total assets
€62,908▲ 21.6%
2024 · €51,742
Net result
€2,775
2024 · -€575
Working capital
€43,888▲ 8.1%
2024 · €40,612
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€38,570▲ 36.8%€29,031▼ 24.7%€5,343▼ 81.6%€37,734▲ 606%€38,031▲ 0.8%
Net result€34,520▲ 24.8%€19,520▼ 43.5%-€7,111-€575▲ 91.9%€2,775
Equity€8,058€25,978▲ 222%€18,867▼ 27.4%€18,292▼ 3.0%€21,068▲ 15.2%
Total assets€38,128▲ 125%€46,458▲ 21.8%€63,417▲ 36.5%€51,742▼ 18.4%€62,908▲ 21.6%
Debt€30,071▼ 30.7%€20,480▼ 31.9%€16,327▼ 20.3%€4,535▼ 72.2%€12,011▲ 165%
Working capital€6,970€24,206▲ 247%€44,252▲ 82.8%€40,612▼ 8.2%€43,888▲ 8.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €62,908
Fixed assets
€7,009 ▲ 6.3%
Current assets
€55,900 ▲ 23.8%
Equity and liabilities €62,908
Equity
€21,068 ▲ 15.2%
Provisions
€29,829 ▲ 3.2%
Debt
€12,011 ▲ 165%
Debt's share of the balance-sheet total rises from 8.8% to 19.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€41,199▲
2024 · €40,073
Cash flow
€5,944▲
2024 · €1,765
Current ratio
4.65▼
2024 · 9.95
Debt to equity
0.57▲
2024 · 0.25
ROE
13.2%▲
2024 · -3.1%
ROA
4.4%▲
2024 · -1.1%
Interest coverage
1.36▲
2024 · 1.14
Debt ≤ 1 year
€12,011▲
2024 · €4,535
Income taxes
€4,921▲
2024 · €3,166
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €976 | €538 | €1,292 | €2,340 | €3,169 | ▲ 35.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €28,223 | €691 | €915 | ▲ 32.3% |
| Other operating charges640/8 | €475 | €587 | €1,744 | €583 | €550 | ▼ 5.6% |
| Non-recurring operating charges66A | - | - | - | - | €326 | - |
| Gross operating margin9900 | €40,022 | €30,156 | €36,603 | €41,347 | €42,990 | ▲ 4.0% |
| Operating profit (loss)9901 | €38,570 | €29,031 | €5,343 | €37,734 | €38,031 | ▲ 0.8% |
| Financial income75/76B | - | - | - | - | €26 | - |
| Recurring financial income75 | - | - | - | - | €26 | - |
| Financial charges65/66B | €953 | €50 | €3,861 | €35,143 | €30,360 | ▼ 13.6% |
| Recurring financial charges65 | €953 | €50 | €3,861 | €35,143 | €30,360 | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | €37,617 | €28,982 | €1,483 | €2,591 | €7,696 | ▲ 197% |
| Income taxes67/77 | €3,097 | €9,462 | €8,593 | €3,166 | €4,921 | ▲ 55.4% |
| Profit (loss) for the period9904 | €34,520 | €19,520 | -€7,111 | -€575 | €2,775 | ▲ 583% |
| Transfer from tax-exempt reserves789 | €7,500 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €42,020 | €19,520 | -€7,111 | -€575 | €2,775 | ▲ 583% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38,128 | €46,458 | €63,417 | €51,742 | €62,908 | ▲ 21.6% |
| Fixed assets21/28 | €1,088 | €1,772 | €2,838 | €6,595 | €7,009 | ▲ 6.3% |
| Tangible fixed assets22/27 | €1,088 | €1,772 | €2,838 | €6,595 | €7,009 | ▲ 6.3% |
| Furniture and vehicles24 | €1,088 | €1,772 | €2,838 | €6,595 | €7,009 | ▲ 6.3% |
| Current assets29/58 | €37,040 | €44,686 | €60,579 | €45,147 | €55,900 | ▲ 23.8% |
| Amounts receivable within one year40/41 | €18,767 | €23,354 | €33,671 | €14,745 | €12,899 | ▼ 12.5% |
| Trade receivables40 | €18,767 | €11,943 | €14,777 | €14,411 | €12,820 | ▼ 11.0% |
| Other amounts receivable41 | - | €11,412 | €18,894 | €334 | €79 | ▼ 76.4% |
| Cash at bank and in hand54/58 | €16,663 | €21,007 | €24,528 | €27,085 | €38,678 | ▲ 42.8% |
| Deferred charges and accrued income490/1 | €1,610 | €324 | €2,380 | €3,317 | €4,322 | ▲ 30.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38,128 | €46,458 | €63,417 | €51,742 | €62,908 | ▲ 21.6% |
| Equity10/15 | €8,058 | €25,978 | €18,867 | €18,292 | €21,068 | ▲ 15.2% |
| Contributions10/11 | €12,400 | €12,400 | €14,260 | €14,260 | €14,260 | = |
| Reserves13 | €1,860 | €13,578 | €11,718 | €11,718 | €11,718 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €11,718 | €11,718 | €11,718 | €11,718 | = |
| Profit (loss) carried forward14 | -€6,202 | €0 | -€7,111 | -€7,686 | -€4,910 | ▲ 36.1% |
| Provisions and deferred taxes16 | - | - | €28,223 | €28,914 | €29,829 | ▲ 3.2% |
| Provisions for liabilities and charges160/5 | - | - | €28,223 | €28,914 | €29,829 | ▲ 3.2% |
| Other liabilities and charges164/5 | - | - | €28,223 | €28,914 | €29,829 | ▲ 3.2% |
| Amounts payable17/49 | €30,071 | €20,480 | €16,327 | €4,535 | €12,011 | ▲ 165% |
| Amounts payable within one year42/48 | €30,071 | €20,480 | €16,327 | €4,535 | €12,011 | ▲ 165% |
| Current portion of amounts payable after more than one year42 | - | €12,800 | €11,000 | - | - | - |
| Financial debts43 | - | - | €636 | - | - | - |
| Credit institutions430/8 | - | - | €636 | - | - | - |
| Trade debts44 | €182 | €121 | €297 | €627 | €1,134 | ▲ 80.9% |
| Suppliers440/4 | €182 | €121 | €297 | €627 | €1,134 | ▲ 80.9% |
| Taxes, remuneration and social security45 | €4,878 | €6,439 | €4,394 | €3,630 | €3,348 | ▼ 7.8% |
| Taxes450/3 | €4,878 | €6,439 | €4,394 | €3,630 | €3,348 | ▼ 7.8% |
| Other amounts payable47/48 | €25,011 | €1,120 | - | €278 | €7,529 | ▲ 2,609% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,520 | €19,520 | -€7,111 | -€575 | €2,775 | ▲ 583% |
| + Depreciation and write-downs630 | €976 | €538 | €1,292 | €2,340 | €3,169 | ▲ 35.4% |
| Operating cash flow (approximation) | €35,496 | €20,058 | -€5,819 | €1,765 | €5,944 | ▲ 237% |
| Investment in fixed assets (approximation) | - | -€1,222 | -€2,358 | -€6,096 | -€3,583 | ▲ 41.2% |
| Change in cash | - | €4,344 | €3,521 | €2,557 | €11,593 | ▲ 353% |
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
24-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2,775
Net result €2,775 after 2 loss-making years.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 9.95
Current ratio from 3.71 to 9.95; short-term debt falls from €16,327 to €4,535.
19-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Highest result since 2018net €34,520 ▲24.8%
Operating result €38,570, net result €34,520, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.23
Current ratio from 0.36 to 1.23; short-term debt falls from €43,417 to €30,071.
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €27,652
Net result €27,652 after 2 loss-making years.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€80,793
Net result drops to -€80,793, the lowest in the series; recovery starts the following year.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Braine-le-Comte · 1 establishment unit since 2009
Ground area
1,110 m²
Building footprint
85 m²
Parcel 55016C0080/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue Saint Hubert 79, 7090 Braine-le-Comte
since 20092.181.563.157
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55016C0080/00E000 | Wallonia | 1,110 m² | 1 · 85 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
984500AUB02AB6969C03
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,138 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
Founded25-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
62900Other information technology and computer services
73110Advertising agencies
74120Graphic design and visual communication
74201Photography, excluding press photography
Scores and ratios are computed by Checked and are not a credit decision.