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 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MIKADO from Tielt, company number BE0435498029, closed financial year 2025 with a result of € -8,288 after tax. For that financial year MIKADO recorded a gross margin of € 35,745 and equity of € 495,169. Compared with financial year 2024, the result moved from € -10,915 to € -8,288. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 30, 2026.
€ 495,169
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,288
▲ 24 % less loss than in 2024
Profit after tax over the fiscal year.
€ 9,643
▲ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 121,470.
Debts at end 2025
€ 245,348
▼ 5% vs 2024
€ 13,925 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 1,675
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,458
▲ 39% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 47,318 | € 19,596 | € 34,063 | € 35,745 | ▲ 5% |
| Profit after taxes | € 8,323 | € -23,426 | € -10,915 | € -8,288 | ▲ € 2,627 |
| Equity | € 537,798 | € 514,372 | € 503,457 | € 495,169 | ▼ 2% |
| Total debts | € 299,646 | € 287,084 | € 275,063 | € 275,781 | |
| Cash | € 14,781 | € 3,884 | € 6,213 | € 9,643 | ▲ 55% |
| Land & buildings | € 813,556 | € 793,778 | € 774,555 | € 758,653 | ▼ 2% |
| Retained profit | € 164,098 | € 140,673 | € 129,758 | € 121,470 | ▼ 6% |
| Bank debt | € 287,006 | € 273,333 | € 259,455 | € 245,348 | ▼ 5% |
| Balance sheet total | € 914,997 | € 878,318 | € 854,690 | € 846,429 | ▼ 1% |
Key figures of MIKADO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to MIKADO?
What happened at MIKADO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,288. Source: NBB ↗
- New establishment in Tielt. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,323 profit in 2022 to € 8,288 loss in 2025.
Best year ever: 2022, with € 8,323 profit.
Management
Behind MIKADO are Matthias Vanryckeghem, Eddy Vanryckeghem, Maxime Vanryckeghem and Nick Vanryckeghem. It owns 2.6% of Werkhuizen Vanryckeghem - Buismeubelen Palma itself.
Directors
According to the 2025 annual accounts
Maxime Vanryckeghem
Director
Establishments
Establishment units
Physical locations of this company
Gentstraat 233
8760 Tielt
Ingelmunstersteenweg 27
8760 Tielt
Active since 12 January 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.498.029
- VAT number
- BE 0435.498.029
- Registered office
- Gentstraat 233, 8760 Tielt
- Names & denominations
- MIKADO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 1988
- Peppol
- Active · Active since 30 Sept 2025
- Activities · NACE
Fokken en houden van schapen en geiten
Schapen-, geiten-, paarden-, ezel-, muildieren- of muilezelhouderij
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Exploitatie van sportaccommodaties
Verhuur van niet-residentiële gebouwen
Fastfoodzaken, snackbars, frituren en dergelijke
Exploitatie van overige sportinstallaties en -accomodaties
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