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Mixtum

Active
Private limited companyfounded 2024active for 2 yearsStationsstraat 21, 3582 Beringen, BelgiumKBO/BCE: BE 1013.393.840

Financials · financial year 2025, micro format

2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00425790.

Annual accounts 2025 filed on 26-08-2026 at the NBB

Equity
-€7,346
Total assets
€21,865
Net result
-€17,346
Working capital
-€12,594

Turnover and EBIT margin are not published. The micro format does not require them.

Balance-sheet composition
Assets €21,865
Fixed assets €5,248
Current assets €16,617
Equity and liabilities
Equity-€7,346
Debt€29,212
Equity is negative. Debt (€29,212) exceeds the balance-sheet total (€21,865).
Key figures and ratios
2025 value
EBITDA
-€14,065
Cash flow
-€14,645
Solvency
-33.6%
Current ratio
0.57
Quick ratio
0.21
ROA
-79.3%
Interest coverage
-24.01
Debt
€29,212
Debt ≤ 1 year
€29,212
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

Investments

fixed assets acquired
Item2025
Tangible fixed assets€7,950
Depreciation and write-downs of the year€2,702

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 31 lines
Balance sheet Code2025
Assets
Total assets20/58€21,865
Fixed assets21/28€5,248
Tangible fixed assets22/27€5,248
Plant, machinery and equipment23€5,248
Current assets29/58€16,617
Stocks and contracts in progress3€10,500
Stocks30/36€10,500
Amounts receivable within one year40/41€166
Other amounts receivable41€166
Cash at bank and in hand54/58€5,951
Equity and liabilities
Total equity and liabilities10/49€21,865
Equity10/15-€7,346
Contributions10/11€10,000
Profit (loss) carried forward14-€17,346
Amounts payable17/49€29,212
Amounts payable within one year42/48€29,212
Trade debts44€10,489
Suppliers440/4€10,489
Other amounts payable47/48€18,723
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,702
Other operating charges640/8€3,428
Gross operating margin9900-€10,637
Operating profit (loss)9901-€16,767
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€586
Recurring financial charges65€586
Profit (loss) for the period before taxes9903-€17,346
Profit (loss) for the period9904-€17,346
Profit (loss) for the period to be appropriated9905-€17,346
Appropriation of the result
Profit (loss) to be appropriated9906-€17,346

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,702
Other operating charges640/8€3,428
Gross operating margin9900-€10,637
Operating profit (loss)9901-€16,767
Financial income75/76B€6
Recurring financial income75€6
Financial charges65/66B€586
Recurring financial charges65€586
Profit (loss) for the period before taxes9903-€17,346
Profit (loss) for the period9904-€17,346
Profit (loss) for the period to be appropriated9905-€17,346
Line2025
Assets
Total assets20/58€21,865
Fixed assets21/28€5,248
Tangible fixed assets22/27€5,248
Plant, machinery and equipment23€5,248
Current assets29/58€16,617
Stocks and contracts in progress3€10,500
Stocks30/36€10,500
Amounts receivable within one year40/41€166
Other amounts receivable41€166
Cash at bank and in hand54/58€5,951
Equity and liabilities
Total equity and liabilities10/49€21,865
Equity10/15-€7,346
Contributions10/11€10,000
Profit (loss) carried forward14-€17,346
Amounts payable17/49€29,212
Amounts payable within one year42/48€29,212
Trade debts44€10,489
Suppliers440/4€10,489
Other amounts payable47/48€18,723
Line2025
Profit (loss) for the period9904-€17,346
+ Depreciation and write-downs630€2,702
Operating cash flow (approximation)-€14,645

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 7,639 companies had the same profile as Mixtum has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
84.8% was still going
5.6% stopped otherwise
8.8% went bankrupt

Another 0.7% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Mixtum itself: 2.1% 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 7,639 companies, not a prediction for Mixtum. 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 (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 26-08-2026 2026-00425790 PDF

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