MICDA
ActiveMICDA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €-5k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 86% of 31544 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability9▼-3
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 8.5 against 6.68 in 2024; short-term debt: 11.6% and cash: 97.1% of total assets), and 11.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 70
lower
← 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
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
88.4%
Return on assets
-7.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-08-2026, 23 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
23 d late
2024
26 d late
2023
2 d early
2022
30 d late
2021
26 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▼ 10.7%
2024 · €60k
2018: €68k
2019: €58k
2020: €60k
2021: €62k
2022: €64k
2023: €66k
2024: €60k
2018 → 2025
Total assets
€61k▼ 13.8%
2024 · €71k
2018: €77k
2019: €61k
2020: €64k
2021: €66k
2022: €70k
2023: €74k
2024: €71k
2018 → 2025
Net result
€-5k▼ 22.5%
2024 · €-4k
2018: €5k
2019: €-10k
2020: €3k
2021: €4k
2022: €4k
2023: €3k
2024: €-4k
2018 → 2025
Working capital
€53k▼ 10.1%
2024 · €59k
2018: €63k
2019: €55k
2020: €58k
2021: €60k
2022: €63k
2023: €64k
2024: €59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€64k▲ 4.0%€66k▲ 2.5%€60k▼ 8.4%€54k▼ 10.7%
Operating result€5k-€7k▲ 22.0%€5k▼ 22.1%€-4k€-5k▼ 31.0%
Net result€4k-€4k▼ 5.3%€3k▼ 22.0%€-4k€-5k▼ 22.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €4k 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 €61k
Fixed assets
€658▼ 41.1%
Current assets
€60k▼ 13.4%
Equity and liabilities €61k
Equity
€54k▼ 10.7%
Debt
€7k▼ 32.0%
The debt ratio falls from 14.7% to 11.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €-3k
Cash flow
€-4k▼
2024 · €-3k
Solvency
88.4%▲
2024 · 85.3%
Current ratio
8.50▲
2024 · 6.68
Quick ratio
8.50▲
2024 · 6.68
Debt / equity
0.13▼
2024 · 0.17
ROE
-8.8%▼
2024 · -6.4%
ROA
-7.8%▼
2024 · -5.5%
Interest coverage
-106.64▼
2024 · -20.19
Debt
€7k▼
2024 · €10k
Debt ≤ 1 year
€7k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€71k€61k▼
Fixed assets21/28€1k€658▼
Tangible fixed assets22/27€1k€658▼
Plant, machinery and equipment23€711€599▼
Furniture and vehicles24€406€59▼
Current assets29/58€70k€60k▼
Amounts receivable within one year40/41€2k€611▼
Trade receivables40€175-
Other amounts receivable41€2k€611▼
Cash at bank and in hand54/58€67k€59k▼
Deferred charges and accrued income490/1€396€523▲
Equity and liabilities
Total equity and liabilities10/49€71k€61k▼
Equity10/15€60k€54k▼
Contributions10/11€6k€6k=
Reserves13€4k€4k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€51k€44k▼
Amounts payable17/49€10k€7k▼
Amounts payable within one year42/48€10k€7k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€5k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€459€459=
Gross operating margin9900€-3k€-4k▼
Operating profit (loss)9901€-4k€-5k▼
Financial income75/76B€73€263▲
Recurring financial income75€73€263▲
Financial charges65/66B€164€42▼
Recurring financial charges65€164€42▼
Profit (loss) for the period before taxes9903€-4k€-5k▼
Income taxes67/77€-8-
Profit (loss) for the period9904€-4k€-5k▼
Profit (loss) for the period to be appropriated9905€-4k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€52k€46k▼
Profit (loss) brought forward from the previous period14P€56k€51k▼
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 23 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-10k ▼281%
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 19.56
Current ratio from 7.83 to 19.56; short-term debt falls from €9k to €3k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Quaregnon · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Clos d'Ay-Champagne 227390 QuaregnonGround area
1,371 m²
Building footprint
128 m²
Volume, LiDAR
611 m³
Parcel 53512D1189/00N002, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MICDA
since 20062.151.885.216
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53512D1189/00N002 | Wallonia | 1,370 m² | 1 · 128 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Mertens Bouwmanagement
BE 0764.707.220
Ravels · Eq €54k
DIDMAR
BE 0832.386.494
Beveren-Kruibeke-Zwijndrecht · Eq €54k
LINSTAVER
BE 0450.582.618
Ganshoren · Eq €54k
QUALITY VETS
BE 0788.348.692
Waregem · Eq €54k
B-Flows
BE 0713.428.763
Beveren-Kruibeke-Zwijndrecht · Eq €54k
Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 38,456 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2006
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
39000Remediation activities and other waste management service activities
71121Engineering and related technical consultancy, excluding land surveyors
74203
90032
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:065/778959