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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
24 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MIFAR from Antwerpen, company number BE0465444305, closed financial year 2025 with a result of € 11,151 after tax. For that financial year MIFAR recorded a gross margin of € 142,241 and equity of € -454,101. Compared with financial year 2024, the result moved from € -416,641 to € 11,151. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ -454,101
▲ € 11,151 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,151
▲ still € 416,642 loss in 2024
Profit after tax over the fiscal year.
€ 147,866
▼ 60% 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 € -472,701.
People and assets in 2025
1.5
Average over the fiscal year, from the social balance sheet.
€ 118,950
▲ 18% vs 2024
€ 79,300 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.
Debts at end 2025
€ 280,000
Loans from banks and other lenders, long and short.
€ 22,791
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,607
▲ 126% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 133,590 | € 1,093,021 | € -258,933 | € 142,241 | ▲ € 401,174 |
| Profit after taxes | € 17,970 | € -131,160 | € -416,641 | € 11,151 | ▲ € 427,793 |
| Equity | € 82,550 | € -48,611 | € -465,252 | € -454,101 | ▲ € 11,151 |
| Total debts | € 3,275,339 | € 5,615,623 | € 860,628 | € 912,608 | ▲ 6% |
| Cash | € 76,574 | € 374,206 | € 373,640 | € 147,866 | ▼ 60% |
| Retained profit | € 63,950 | € -67,211 | € -483,852 | € -472,701 | ▲ € 11,151 |
| Bank debt | € 281,268 | € 0 | € 0 | € 280,000 | |
| Balance sheet total | € 3,357,888 | € 5,567,013 | € 395,376 | € 458,507 | ▲ 16% |
| Employees (FTE) | 1.3 | 1.5 | 1.5 | 1.5 |
Key figures of MIFAR, 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 MIFAR?
What happened at MIFAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 11,151. filed late Source: NBB ↗
- Christiane FARAH became a director. NBB
- MICHEL FARAH became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 17,970 profit in 2022 to € 11,151 profit in 2025.
Paid € 85,526 in corporate taxes since 2022.
Best year ever: 2022, with € 17,970 profit.
On average € 94,800 of value added per employee in 2025.
A new publication or filing at MIFAR? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MIFAR are Christiane FARAH and MICHEL FARAH. The same people are also behind La Joie.
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 40 box 5
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 24 companies are registered at this address.
All companies at this address →PANIS – VAN MOPPES
€ 584,906 gross margin · 2025
White Diamonds
€ -26,322 gross margin · 2025
SHAYONA
€ 1.3 million gross margin · 2024
PANIS
€ 5.9 million gross margin · 2025
JUINA
+19 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.444.305
- VAT number
- BE 0465.444.305
- Registered office
- Hoveniersstraat 40 bus 5, 2018 Antwerpen
- Names & denominations
- MIFAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 February 1999
- Peppol
- Active · Active since 21 Aug 2025
- Activities · NACE
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