Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MICARDO from Zonnebeke, company number BE0428945381, closed financial year 2025 with a result of € -40,580 after tax. For that financial year MICARDO recorded a gross margin of € 37,724 and equity of € 137,968. Compared with financial year 2024, the result moved from € -54,813 to € -40,580. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 137,968
▼ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -40,580
▲ 26 % less loss than in 2024
Profit after tax over the fiscal year.
€ 17,459
▲ € 14,568 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 68,468.
People and assets in 2025
€ 1,438
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
Loans from banks and other lenders, long and short.
€ 1,690
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 38,319 | € 28,495 | € 25,194 | € 37,724 | ▲ 50% |
| Profit after taxes | € -65,507 | € -56,864 | € -54,813 | € -40,580 | ▲ € 14,233 |
| Equity | € 290,225 | € 233,361 | € 178,548 | € 137,968 | ▼ 23% |
| Total debts | € 1,668,748 | € 1,468,635 | € 1,462,497 | € 1,455,051 | ▼ 1% |
| Cash | € 90,241 | € 3,334 | € 2,891 | € 17,459 | ▲ € 14,568 |
| Land & buildings | € 1,947,557 | € 1,751,534 | € 1,686,120 | € 1,617,866 | ▼ 4% |
| Retained profit | € 220,725 | € 163,861 | € 109,048 | € 68,468 | ▼ 37% |
| Bank debt | € 1,000,000 | € 1,000,000 | € 1,000,000 | € 1,000,000 | |
| Balance sheet total | € 2,039,162 | € 1,756,293 | € 1,690,509 | € 1,637,651 | ▼ 3% |
Key figures of MICARDO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MICARDO?
What happened at MICARDO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 40,580. Source: NBB ↗
- New establishment in Menen. KBO
- Mariette Dhooghe became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 65,507 loss in 2022 to € 40,580 loss in 2025.
Management
Behind MICARDO is Mariette Dhooghe.
Directors
According to the 2025 annual accounts
Mariette Dhooghe
Director
since 1986
Establishments
Establishment units
Physical locations of this company
Menenstraat 45
8980 Zonnebeke
Rijselstraat 252
8930 Menen
Active since 26 January 1987
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.945.381
- VAT number
- BE 0428.945.381
- Registered office
- Menenstraat 45, 8980 Zonnebeke
- Names & denominations
- MICARDO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 May 1986
- Peppol
- Active · Active since 1 Jan 2001