MIZO
ActiveSummary
MIZO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €37k. Equity is shrinking by ~16.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 21% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency42▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.83 against 0.85 in 2024; short-term debt: 64.9% and cash: 29.9% of total assets), and 83.4% of the assets are financed with debt.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
16.6%
Return on assets
32.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 21%
← weakest
strongest →
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 €19k
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 21-05-2026, 71 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
71 d early
2024
13 d early
2023
19 d early
2022
30 d late
2021
31 d late
2020
27 d late
2019
91 d late
← 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, micro schema
Equity
€19k=
2024 · €19k
2018: €83k
2019: €84k▲ +1.4% vs 2018highest in 8 years
2020: €67k▼ -20.0% vs 2019
2021: €62k▼ -7.9% vs 2020
2022: €66k▲ +5.7% vs 2021
2023: €12k▼ -82.0% vs 2022lowest in 8 years
2024: €19k▲ +57.4% vs 2023
2025: €19k● 0.0% vs 2024
2018 → 2025
Total assets
€112k▼ 6.1%
2024 · €120k
2018: €211k
2019: €140k▼ -33.9% vs 2018
2020: €252k▲ +80.5% vs 2019highest in 8 years
2021: €114k▼ -54.7% vs 2020
2022: €108k▼ -5.3% vs 2021lowest in 8 years
2023: €133k▲ +22.8% vs 2022
2024: €120k▼ -9.9% vs 2023
2025: €112k▼ -6.1% vs 2024
2018 → 2025
Net result
€37k▲ 23.3%
2024 · €30k
2018: €77khighest in 8 years
2019: €1k▼ -98.5% vs 2018
2020: €-17k▼ -1523% vs 2019lowest in 8 years
2021: €-5k▲ +68.4% vs 2020
2022: €4k▲ +167% vs 2021
2023: €23k▲ +549% vs 2022
2024: €30k▲ +29.6% vs 2023
2025: €37k▲ +23.3% vs 2024
2018 → 2025
Working capital
€-13k▼ 27.5%
2024 · €-10k
2018: €77khighest in 8 years
2019: €71k▼ -7.7% vs 2018
2020: €38k▼ -46.8% vs 2019
2021: €22k▼ -42.2% vs 2020
2022: €25k▲ +15.3% vs 2021
2023: €-27k▼ -206% vs 2022lowest in 8 years
2024: €-10k▲ +62.7% vs 2023
2025: €-13k▼ -27.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€66k▲ 5.7%€12k▼ 82.0%€19k▲ 57.4%€19k=
2021: €62k
2022: €66k▲ +5.7% vs 2021highest in 5 years
2023: €12k▼ -82.0% vs 2022lowest in 5 years
2024: €19k▲ +57.4% vs 2023
2025: €19k● 0.0% vs 2024
Operating result€-5k-€4k€29k▲ 623%€40k▲ 39.1%€53k▲ 32.0%
2021: €-5klowest in 5 years
2022: €4k▲ +181% vs 2021
2023: €29k▲ +623% vs 2022
2024: €40k▲ +39.1% vs 2023
2025: €53k▲ +32.0% vs 2024highest in 5 years
Net result€-5k-€4k€23k▲ 549%€30k▲ 29.6%€37k▲ 23.3%
2021: €-5klowest in 5 years
2022: €4k▲ +167% vs 2021
2023: €23k▲ +549% vs 2022
2024: €30k▲ +29.6% vs 2023
2025: €37k▲ +23.3% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 32% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112k
Fixed assets
€52k ▼ 15.3%
Current assets
€60k ▲ 3.6%
Equity and liabilities €112k
Equity
€19k =
Debt
€94k ▼ 7.2%
Debt's share of the balance-sheet total falls from 84.5% to 83.4%. Debt is lower.
Key figures and ratios
EBITDA
€64k▲
2024 · €50k
Cash flow
€49k▲
2024 · €40k
Current ratio
0.83▼
2024 · 0.85
Debt to equity
5.04▼
2024 · 5.43
ROE
198.0%▲
2024 · 160.6%
ROA
32.8%▲
2024 · 25.0%
Interest coverage
29.51▲
2024 · 22.69
Debt ≤ 1 year
€73k▲
2024 · €68k
Debt > 1 year
€21k▼
2024 · €30k
Income taxes
€14k▲
2024 · €8k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€120k€112k▼
Fixed assets21/28€61k€52k▼
Tangible fixed assets22/27€47k€37k▼
Plant, machinery and equipment23€7k€5k▼
Furniture and vehicles24€2k€3k▲
Leasing and similar rights25€38k€29k▼
Financial fixed assets28€15k€15k=
Current assets29/58€58k€60k▲
Amounts receivable within one year40/41€24k€25k▲
Trade receivables40€20k€12k▼
Other amounts receivable41€4k€13k▲
Cash at bank and in hand54/58€33k€34k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€120k€112k▼
Equity10/15€19k€19k=
Contributions10/11€19k€19k=
Amounts payable17/49€101k€94k▼
Amounts payable after more than one year17€30k€21k▼
Financial debts170/4€30k€21k▼
Amounts payable within one year42/48€68k€73k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43€27-
Credit institutions430/8€27-
Trade debts44€14k€18k▲
Suppliers440/4€14k€18k▲
Taxes, remuneration and social security45€7k€9k▲
Taxes450/3€7k€7k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€37k€37k▼
Accrued charges and deferred income492/3€3k-
Income statement
Code20242025
Non-recurring operating income76A€5k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲
Other operating charges640/8€676€973▲
Gross operating margin9900€51k€65k▲
Operating profit (loss)9901€40k€53k▲
Financial income75/76B€10€5▼
Recurring financial income75€10€5▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€38k€50k▲
Income taxes67/77€8k€14k▲
Profit (loss) for the period9904€30k€37k▲
Profit (loss) for the period to be appropriated9905€30k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€37k▲
Profit (loss) brought forward from the previous period14P€6k-
Profit to be distributed694/7€35k€37k▲
Return on contributions (dividend)694€35k€37k▲
The notes to these accounts (10 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €5k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €4k | €4k | €10k | €12k | ▲ 17.4% |
| Other operating charges640/8 | €1k | €1k | €1k | €676 | €973 | ▲ 43.9% |
| Gross operating margin9900 | €1k | €10k | €34k | €51k | €65k | ▲ 29.2% |
| Operating profit (loss)9901 | €-5k | €4k | €29k | €40k | €53k | ▲ 32.0% |
| Financial income75/76B | €0 | - | €5 | €10 | €5 | ▼ 46.2% |
| Recurring financial income75 | €0 | - | €5 | €10 | €5 | ▼ 46.2% |
| Financial charges65/66B | €208 | €221 | €118 | €2k | €2k | ▼ 0.8% |
| Recurring financial charges65 | €208 | €221 | €118 | €2k | €2k | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | €-5k | €4k | €29k | €38k | €50k | ▲ 33.8% |
| Income taxes67/77 | €190 | €194 | €6k | €8k | €14k | ▲ 74.2% |
| Profit (loss) for the period9904 | €-5k | €4k | €23k | €30k | €37k | ▲ 23.3% |
| Profit (loss) for the period to be appropriated9905 | €-5k | €4k | €23k | €30k | €37k | ▲ 23.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114k | €108k | €133k | €120k | €112k | ▼ 6.1% |
| Fixed assets21/28 | €40k | €41k | €38k | €61k | €52k | ▼ 15.3% |
| Intangible fixed assets21 | €395 | - | - | - | - | - |
| Tangible fixed assets22/27 | €10k | €11k | €9k | €47k | €37k | ▼ 20.1% |
| Plant, machinery and equipment23 | - | - | - | €7k | €5k | ▼ 16.5% |
| Furniture and vehicles24 | €10k | €6k | €4k | €2k | €3k | ▲ 59.4% |
| Leasing and similar rights25 | - | - | - | €38k | €29k | ▼ 24.4% |
| Assets under construction and advance payments27 | - | €5k | €5k | - | - | - |
| Financial fixed assets28 | €30k | €30k | €30k | €15k | €15k | = |
| Current assets29/58 | €74k | €68k | €94k | €58k | €60k | ▲ 3.6% |
| Amounts receivable within one year40/41 | €59k | €53k | €33k | €24k | €25k | ▲ 4.4% |
| Trade receivables40 | €34k | €32k | €31k | €20k | €12k | ▼ 39.9% |
| Other amounts receivable41 | €26k | €21k | €2k | €4k | €13k | ▲ 215% |
| Cash at bank and in hand54/58 | €14k | €14k | €61k | €33k | €34k | ▲ 3.0% |
| Deferred charges and accrued income490/1 | - | €476 | €484 | €1k | €1k | ▲ 3.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114k | €108k | €133k | €120k | €112k | ▼ 6.1% |
| Equity10/15 | €62k | €66k | €12k | €19k | €19k | = |
| Contributions10/11 | €6k | €6k | €6k | €19k | €19k | = |
| Reserves13 | €77k | €77k | - | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €75k | €75k | - | - | - | - |
| Profit (loss) carried forward14 | €-21k | €-17k | €6k | - | - | - |
| Amounts payable17/49 | €52k | €42k | €121k | €101k | €94k | ▼ 7.2% |
| Amounts payable after more than one year17 | - | - | - | €30k | €21k | ▼ 30.9% |
| Financial debts170/4 | - | - | - | €30k | €21k | ▼ 30.9% |
| Amounts payable within one year42/48 | €52k | €42k | €121k | €68k | €73k | ▲ 7.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9k | €9k | ▲ 4.7% |
| Financial debts43 | - | €33 | €26 | €27 | - | - |
| Credit institutions430/8 | - | €33 | €26 | €27 | - | - |
| Trade debts44 | €25k | €17k | €19k | €14k | €18k | ▲ 24.1% |
| Suppliers440/4 | €25k | €17k | €19k | €14k | €18k | ▲ 24.1% |
| Taxes, remuneration and social security45 | €7k | €4k | €14k | €7k | €9k | ▲ 19.0% |
| Taxes450/3 | €7k | €4k | €12k | €7k | €7k | ▼ 4.7% |
| Remuneration and social security454/9 | - | - | €2k | - | €2k | - |
| Other amounts payable47/48 | €20k | €21k | €88k | €37k | €37k | ▼ 1.2% |
| Accrued charges and deferred income492/3 | - | - | - | €3k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-5k | €4k | €23k | €30k | €37k | ▲ 23.3% |
| + Depreciation and write-downs630 | €5k | €4k | €4k | €10k | €12k | ▲ 17.4% |
| Operating cash flow (approximation) | €-176 | €8k | €27k | €40k | €49k | ▲ 21.8% |
| Investment in fixed assets (approximation) | - | €-5k | €-2k | €-33k | €-2k | ▲ 92.6% |
| Change in cash | - | €-198 | €47k | €-29k | €969 | ▲ 103% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kontich · 1 establishment unit since 2017
Ground area
850 m²
Building footprint
209 m²
Volume, LiDAR
804 m³
Parcel 11024F0194/00M000, Flanders · tallest building 6.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
MIZO
since 20172.263.882.703
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024F0194/00M000 | Flanders | 850 m² | 1 · 209 m² | 6.2 m · 1 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 82,553 companies in sector 70200 we hold annual accounts for 52,585. 29,800 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
Founded26-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
63920Other information service activities
64210Activities of holding companies
74999Other professional, scientific and technical activities
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.