Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 39.9 to 31.7.
Financials
Financial year 2025
MI CASA from Waregem, company number BE0451592705, closed financial year 2025 with a result of € 318,958 after tax. For that financial year MI CASA recorded revenue of € 15.1 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € -1.1 million to € 318,958. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 13, 2026.
€ 3.1 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 318,958
▲ still € 1.1 million loss in 2024
Profit after tax over the fiscal year.
€ 350,840
▼ 54% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.1 million.
People and assets in 2025
31.7
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▼ 5% vs 2024
€ 66,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 95,008
▲ 193% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 109,301
€ 19,429 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.6 million
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.
€ 114,605
▼ 58% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,929,131 | € 25,028,203 | € 19,822,900 | € 15,087,137 | ▼ 24% |
| Profit after taxes | € 726,208 | € 171,110 | € -1,121,217 | € 318,958 | ▲ € 1.4 million |
| Equity | € 3,779,617 | € 3,950,727 | € 2,829,511 | € 3,148,469 | ▲ 11% |
| Total debts | € 6,185,045 | € 3,087,616 | € 3,688,520 | € 2,471,714 | ▼ 33% |
| Cash | € 2,342,770 | € 212,260 | € 763,697 | € 350,840 | ▼ 54% |
| Retained profit | € 3,696,445 | € 3,867,555 | € 2,746,338 | € 3,065,297 | ▲ 12% |
| Dividend | € 80,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 6,040 | € 0 | € 0 | € 109,301 | |
| Balance sheet total | € 10,010,662 | € 7,039,543 | € 6,519,230 | € 5,629,926 | ▼ 14% |
| Employees (FTE) | 46.1 | 39.9 | 32.9 | 31.7 | ▼ 1.2 |
Key figures of MI CASA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 3 March 2027.
What happened to MI CASA?
What happened at MI CASA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CR77 BV stepped down as director. NBB
- Jema BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 318,958. Source: NBB ↗
- CR77 BV became a director. NBB
- Jema BV became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 726,208 profit in 2022 to € 318,958 profit in 2025.
Paid € 2,223 in corporate taxes since 2022.
Best year ever: 2022, with € 726,208 profit.
Paid out € 80,000 in dividends to the owners in total.
Management
The stake of VALORES, WOODPLAN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MI CASAThe shares are held by VALORES (99%) and WOODPLAN (12.8%).
Directors
According to the 2025 annual accounts
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Deerlijkseweg 218
8790 Waregem
Deerlijkseweg 218 box /
8790 Waregem
Active since 12 January 1994
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
- 0451.592.705
- VAT number
- BE 0451.592.705
- Registered office
- Deerlijkseweg 218, 8790 Waregem
- Names & denominations
- MI CASA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 December 1993
- Peppol
- Active · Active since 12 May 2025
- Activities · NACE
Bouwen van individuele huizen
Algemene bouw van residentiële gebouwen
Groothandel in hout
Schrijnwerk
Schrijnwerk van hout of van kunststof