MIXTA
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 15-01-2026 PDF all 8 filings
Turnover
≈ €280,000
Estimated: probably between €220,000 and €390,000
Total assets
€209,037▲ 3.3%
2024 · €202,313
Net result
€61,152▲ 108%
2024 · €29,363
Working capital
€190,025▲ 776%
2024 · €21,691
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€86,170
▲ 124%
2025
20192025
Net result
€61,152
▲ 108%
2025
highest quarter of the sector
20192025
Equity
€190,025
▲ 47.5%
2025
highest quarter of the sector
20192025
Total assets
€209,037
▲ 3.3%
2025
middle half of the sector
20192025
Debt
€19,012
▼ 74.1%
2025
20192025
Working capital
€190,025
▲ 776%
2025
highest quarter of the sector
20192025
Solvency
90.9%
▲ 27.2pp
2025
highest quarter of the sector
20192025
Current ratio
11.00
▲ 9.67
2025
highest quarter of the sector
20192025
Return on assets (ROA)
29.3%
▲ 14.7pp
2025
middle half of the sector
20192025
Staff (FTE)
2.5
▼ 10.7%
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€24,992-€23,148▼ 7.4%€35,579▲ 53.7%€41,240▲ 15.9%-€11,193€38,522€86,170▲ 124%
Net result€18,599-€16,821within the sector's middle half▼ 9.6%€27,062within the sector's middle half▲ 60.9%€28,943within the sector's middle half▲ 6.9%-€13,011below the sector's middle half€29,363within the sector's middle half€61,152above the sector's middle half▲ 108%
Equity€39,696-€56,517within the sector's middle half▲ 42.4%€83,579within the sector's middle half▲ 47.9%€112,522within the sector's middle half▲ 34.6%€99,511within the sector's middle half▼ 11.6%€128,873within the sector's middle half▲ 29.5%€190,025above the sector's middle half▲ 47.5%
Total assets€311,232-€317,428within the sector's middle half▲ 2.0%€303,413within the sector's middle half▼ 4.4%€259,233within the sector's middle half▼ 14.6%€196,237within the sector's middle half▼ 24.3%€202,313within the sector's middle half▲ 3.1%€209,037within the sector's middle half▲ 3.3%
Debt€271,536-€260,912▼ 3.9%€219,834▼ 15.7%€146,711▼ 33.3%€96,727▼ 34.1%€73,440▼ 24.1%€19,012▼ 74.1%
Working capital-€81,534--€65,125below the sector's middle half▲ 20.1%-€29,349below the sector's middle half▲ 54.9%€2,601within the sector's middle half-€14,772below the sector's middle half€21,691within the sector's middle half€190,025above the sector's middle half▲ 776%
Solvency12.8%-17.8%within the sector's middle half▲ 5.1pp27.5%within the sector's middle half▲ 9.7pp43.4%within the sector's middle half▲ 15.9pp50.7%within the sector's middle half▲ 7.3pp63.7%within the sector's middle half▲ 13.0pp90.9%above the sector's middle half▲ 27.2pp
Current ratio0.39-0.48below the sector's middle half▲ 0.090.75below the sector's middle half▲ 0.271.03within the sector's middle half▲ 0.290.76below the sector's middle half▼ 0.271.32within the sector's middle half▲ 0.5611.00above the sector's middle half▲ 9.67
Return on assets (ROA)6.0%-5.3%within the sector's middle half▼ 0.7pp8.9%within the sector's middle half▲ 3.6pp11.2%within the sector's middle half▲ 2.2pp-6.6%below the sector's middle half▼ 17.8pp14.5%within the sector's middle half▲ 21.1pp29.3%within the sector's middle half▲ 14.7pp
Staff (FTE)4.9-3.5above the sector's middle half▼ 28.6%3.7▲ 5.7%4.5▲ 21.6%3▼ 33.3%2.8▼ 6.7%2.5▼ 10.7%
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 124% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €209,037
Equity
€190,025 ▲ 47.5%
Debt
€19,012 ▼ 74.1%
Debt's share of the balance-sheet total falls from 36.3% to 9.1%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.10▼
2024 · 0.57
ROE
32.2%▲
2024 · 22.8%
Debt ≤ 1 year
€19,012▼
2024 · €67,088
Income taxes
€23,418▲
2024 · €7,760
Staff costs
€92,732▼
2024 · €147,944
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-04-2022 | 30-04-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 4 | 4 | - |
| full-time | 3 | 2 | 1 | - |
| part-time | 4 | 2 | 3 | - |
| in full-time equivalents | 4 | 2.5 | 1.9 | - |
| Average over the year, in full-time equivalents | 4.5 | 3 | 2.8 | 2.5 |
| On a permanent contract | 3 | 3 | 2 | - |
| Joined | 24 | 26 | 23 | 13 |
| Left | 19 | 27 | 23 | 18 |
| Training hours | - | - | 4 | - |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 30-04-2022 | 30-04-2023 | 30-06-2024 | 30-06-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €9,670 | €4,905 | €1,283 | - |
| Intangible fixed assets | - | - | €2,350 | - |
| Depreciation and write-downs of the year | €47,198 | €35,695 | €39,266 | - |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €9,474 | - | - | €500 | - |
| Remuneration, social security and pensions62 | - | - | - | €160,022 | €152,677 | €147,944 | €92,732 | ▼ 37.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,921 | €43,267 | €45,948 | €47,198 | €35,695 | €39,266 | - | - |
| Other operating charges640/8 | - | - | - | €3,026 | €6,257 | €8,457 | €6,776 | ▼ 19.9% |
| Gross operating margin9900 | €192,339 | €178,271 | €139,051 | €251,487 | €183,437 | €234,189 | €185,678 | ▼ 20.7% |
| Operating profit (loss)9901 | €24,992 | €23,148 | €35,579 | €41,240 | -€11,193 | €38,522 | €86,170 | ▲ 124% |
| Financial income75/76B | - | - | - | €204 | €18 | €9 | €0 | ▼ 98.1% |
| Recurring financial income75 | €327 | €205 | €11 | €204 | €18 | €9 | €0 | ▼ 98.1% |
| Financial charges65/66B | - | - | - | €2,625 | €1,837 | €1,409 | €1,600 | ▲ 13.6% |
| Recurring financial charges65 | €4,122 | €3,379 | €3,405 | €2,625 | €1,837 | €1,409 | €1,600 | ▲ 13.6% |
| Profit (loss) for the period before taxes9903 | €21,197 | €19,974 | €32,185 | €38,819 | -€13,011 | €37,122 | €84,570 | ▲ 128% |
| Income taxes67/77 | €2,598 | €3,153 | €5,123 | €9,876 | - | €7,760 | €23,418 | ▲ 202% |
| Profit (loss) for the period9904 | €18,599 | €16,821 | €27,062 | €28,943 | -€13,011 | €29,363 | €61,152 | ▲ 108% |
| Profit (loss) for the period to be appropriated9905 | €18,599 | €16,821 | €27,062 | €28,943 | -€13,011 | €29,363 | €61,152 | ▲ 108% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €311,232 | €317,428 | €303,413 | €259,233 | €196,237 | €202,313 | €209,037 | ▲ 3.3% |
| Fixed assets21/28 | €260,038 | €257,302 | €217,486 | €179,957 | €149,167 | €113,534 | - | - |
| Intangible fixed assets21 | - | - | - | - | - | €1,924 | - | - |
| Tangible fixed assets22/27 | €260,038 | €257,302 | €217,486 | €179,957 | €149,167 | €111,610 | - | - |
| Land and buildings22 | - | - | - | €22,677 | €20,623 | €18,227 | - | - |
| Plant, machinery and equipment23 | - | - | - | €12,025 | €12,049 | €7,520 | - | - |
| Furniture and vehicles24 | - | - | - | €1,993 | €984 | €1,380 | - | - |
| Other tangible fixed assets26 | - | - | - | €143,262 | €115,512 | €84,483 | - | - |
| Current assets29/58 | €51,194 | €60,126 | €85,927 | €79,276 | €47,070 | €88,779 | €209,037 | ▲ 135% |
| Stocks and contracts in progress3 | €3,738 | €3,670 | €3,573 | €3,655 | €2,636 | €3,167 | - | - |
| Stocks30/36 | - | - | - | €3,655 | €2,636 | €3,167 | - | - |
| Amounts receivable within one year40/41 | €5,026 | €19,050 | €19,046 | €18,992 | €12,249 | €24,845 | €6,857 | ▼ 72.4% |
| Trade receivables40 | - | - | - | €13,868 | €2,232 | €24,845 | €2,314 | ▼ 90.7% |
| Other amounts receivable41 | - | - | - | €5,124 | €10,017 | - | €4,543 | - |
| Cash at bank and in hand54/58 | €39,427 | €31,418 | €58,937 | €49,371 | €24,626 | €57,375 | €201,372 | ▲ 251% |
| Deferred charges and accrued income490/1 | - | - | - | €7,258 | €7,559 | €3,392 | €809 | ▼ 76.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €311,232 | €317,428 | €303,413 | €259,233 | €196,237 | €202,313 | €209,037 | ▲ 3.3% |
| Equity10/15 | €39,696 | €56,517 | €83,579 | €112,522 | €99,511 | €128,873 | €190,025 | ▲ 47.5% |
| Contributions10/11 | €12,400 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €27,296 | €44,117 | €71,179 | €100,122 | €93,285 | €116,473 | €177,625 | ▲ 52.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €98,262 | €91,425 | €114,613 | €175,765 | ▲ 53.4% |
| Profit (loss) carried forward14 | - | - | - | - | -€6,174 | - | - | - |
| Amounts payable17/49 | €271,536 | €260,912 | €219,834 | €146,711 | €96,727 | €73,440 | €19,012 | ▼ 74.1% |
| Amounts payable after more than one year17 | €135,502 | €135,660 | €104,558 | €70,036 | €34,884 | €1,052 | - | - |
| Financial debts170/4 | - | - | - | €70,036 | €34,884 | €1,052 | - | - |
| Amounts payable within one year42/48 | €132,728 | €125,251 | €115,276 | €76,675 | €61,842 | €67,088 | €19,012 | ▼ 71.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €34,522 | €35,152 | €27,912 | - | - |
| Financial debts43 | - | - | - | €10,018 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €10,018 | - | - | - | - |
| Trade debts44 | €7,225 | €13,068 | €2,688 | €17,526 | €12,382 | €7,221 | €15,158 | ▲ 110% |
| Suppliers440/4 | - | - | - | €17,526 | €12,382 | €7,221 | €15,158 | ▲ 110% |
| Taxes, remuneration and social security45 | - | - | - | €14,318 | €13,589 | €26,211 | €3,418 | ▼ 87.0% |
| Taxes450/3 | - | - | - | €2,789 | €1,642 | €13,386 | €3,418 | ▼ 74.5% |
| Remuneration and social security454/9 | - | - | - | €11,529 | €11,947 | €12,825 | - | - |
| Other amounts payable47/48 | - | - | - | €289 | €719 | €5,745 | €436 | ▼ 92.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €5,300 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,599 | €16,821 | €27,062 | €28,943 | -€13,011 | €29,363 | €61,152 | ▲ 108% |
| + Depreciation and write-downs630 | €41,921 | €43,267 | €45,948 | €47,198 | €35,695 | €39,266 | - | - |
| Operating cash flow (approximation) | €60,520 | €60,089 | €73,011 | €76,141 | €22,684 | €68,629 | €61,152 | ▼ 10.9% |
| Investment in fixed assets (approximation) | - | -€40,532 | -€6,132 | -€9,670 | -€4,905 | -€3,633 | - | - |
| Change in cash | - | -€8,009 | €27,519 | -€9,566 | -€24,745 | €32,749 | €143,997 | ▲ 340% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as MIXTA has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MIXTA itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 26,972 companies, not a prediction for MIXTA. 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.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 15-01-2026 | 2026-00008042 | |
| 30-06-2024 | micro format | 07-01-2025 | 2025-00000074 | |
| 30-04-2023 | micro format | 30-11-2023 | 2023-00518968 | |
| 30-04-2022 | micro format | 30-11-2022 | 2022-20528122 | |
| 30-04-2021 | micro format | 30-11-2021 | 2021-78700581 | |
| 30-04-2020 | micro format | 30-11-2020 | 2020-72900071 | |
| 30-04-2019 | abbreviated format | 30-11-2019 | 2019-74900230 | |
| 30-04-2018 | abbreviated format | 30-11-2018 | 2018-73600304 |