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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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MIMMO from Waregem, company number BE0433084412, closed financial year 2025 with a result of € -31,479 after tax. For that financial year MIMMO recorded a gross margin of € 2.8 million and equity of € 16.4 million. Compared with financial year 2024, the result moved from € 181,583 to € -31,479. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 15, 2026.
€ 16.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -31,479
▼ still € 181,583 profit in 2024
Profit after tax over the fiscal year.
€ 461,927
▲ 103% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.6 million.
People and assets in 2025
0.5
Average over the fiscal year, from the social balance sheet.
€ 27,511
▲ 10% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 72,104
▼ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 56.8 million
▲ 22% vs 2024
€ 2 million is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 3.8 million
▲ 85% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,622
▲ 74% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,414,048 | € 1,547,218 | € 1,640,513 | € 2,799,426 | ▲ 71% |
| Profit after taxes | € -648,308 | € -111,481 | € 181,583 | € -31,479 | ▼ € 213,061 |
| Equity | € 5,538,536 | € 6,254,385 | € 16,435,968 | € 16,404,489 | |
| Total debts | € 21,543,928 | € 43,956,022 | € 60,300,250 | € 76,103,760 | ▲ 26% |
| Cash | € 318,645 | € 244,643 | € 227,591 | € 461,927 | ▲ 103% |
| Land & buildings | € 21,255,365 | € 31,431,153 | € 30,667,674 | € 48,514,706 | ▲ 58% |
| Retained profit | € 1,834,975 | € 2,439,273 | € 2,620,855 | € 2,589,377 | ▼ 1% |
| Bank debt | € 12,200,900 | € 18,994,527 | € 46,503,137 | € 56,808,307 | ▲ 22% |
| Balance sheet total | € 27,082,464 | € 50,446,318 | € 76,972,129 | € 92,744,160 | ▲ 20% |
| Employees (FTE) | - | 0.5 | 0.5 | 0.5 |
Key figures of MIMMO, 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 MIMMO?
What happened at MIMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- LV-Consulting BV stepped down as director. NBB
- Ciskon BV stepped down as director. NBB
- Frank Vergalle stepped down as director. NBB
- Veka Consult BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 31,479 (▼ € 213,061 vs 2024). Source: NBB ↗
- LV-Consulting BV became a director. NBB
- Ciskon BV became a director. NBB
- Frank Vergalle became a director. NBB
In short
From € 648,308 loss in 2022 to € 31,479 loss in 2025.
Paid € 69,660 in corporate taxes since 2022.
Best year ever: 2024, with € 181,583 profit.
Management
The shares are held by Vergalle Invest NV (100%) and Frank Vergalle (0%).
Directors
According to the 2025 annual accounts
Director · represented by Lieven Vergalle
Also active at: AVASCO INDUSTRIES, Vergalle, VERGALLE INVEST, AVASCO SUBCONTRACTING, AVASCO SHELVING, AVASCO SOLAR
since 2024 · until 2030
Director · represented by Kaatje Vergalle
Also active at: AVASCO INDUSTRIES, Vergalle, VERGALLE INVEST
since 2023 · until 2029
Director · represented by Francis Vergalle
Also active at: AVASCO INDUSTRIES, Vergalle, VERGALLE INVEST, Steel Service Center Oudenaarde
since 2024 · until 2030
Frank Vergalle
Managing director
Owns 0% directly
Also active at: CAFMEYER, AVASCO INDUSTRIES, VERGALLE INVEST, AVASCO SUBCONTRACTING, AVASCO SHELVING, AVASCO SOLAR, Voosbeke, Steel Service Center Oudenaarde
since 2024 · until 2030
Shareholders
100%
Frank Vergalle · director
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Warandestraat 45
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0433.084.412
- VAT number
- BE 0433.084.412
- Registered office
- Warandestraat 45, 8790 Waregem
- Names & denominations
- MIMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 January 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Ontwikkeling van niet-residentiële bouwprojecten
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Beheer van residentiële gebouwen
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis