Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 51 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 245.3 to 219.9.
-
Busy address KBO
94 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MIFRATEL from Gent, company number BE0466282859, closed financial year 2025 with a result of € 914,570 after tax. For that financial year MIFRATEL recorded revenue of € 28.1 million and equity of € 27.6 million. Compared with financial year 2024, the result moved from € 46,126 to € 914,570. 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 July 17, 2026.
€ 27.6 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 914,570
▲ € 868,444 vs 2024
Profit after tax over the fiscal year.
€ 601,632
▼ 79% 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 € -7.4 million.
People and assets in 2025
219.9
▼ 11.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 10.1 million
▲ 4% vs 2024
€ 46,000 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.
Debts at end 2025
€ 3.7 million
Loans from banks and other lenders, long and short.
€ 11.2 million
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 247 days on average.
€ 2.8 million
▲ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 24,541,977 | € 29,562,513 | € 26,840,423 | € 28,137,533 | ▲ 5% |
| Profit after taxes | € -5,976,084 | € -3,187,337 | € 46,126 | € 914,570 | ▲ € 868,444 |
| Equity | € 29,928,746 | € 26,691,376 | € 26,709,344 | € 27,605,971 | ▲ 3% |
| Total debts | € 33,439,467 | € 38,128,311 | € 35,710,900 | € 38,254,398 | ▲ 7% |
| Cash | € 2,344,382 | € 2,933,184 | € 2,806,439 | € 601,632 | ▼ 79% |
| Land & buildings | € 1,139,496 | € 730,486 | € 585,884 | € 539,769 | ▼ 8% |
| Retained profit | € -5,143,313 | € -8,330,650 | € -8,284,524 | € -7,369,954 | ▲ € 914,570 |
| Bank debt | € 0 | € 0 | € 0 | € 3,702,020 | |
| Balance sheet total | € 64,569,490 | € 66,050,866 | € 63,621,521 | € 67,061,646 | ▲ 5% |
| Employees (FTE) | 266.8 | 245.3 | 231.4 | 219.9 | ▼ 11.5 |
Key figures of MIFRATEL, 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 MIFRATEL?
What happened at MIFRATEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Louis Lesage stepped down as director. NBB
- Yource Holding stepped down as director. NBB
- Peter Ligteringen stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 914,570 (▲ € 868,444 vs 2024). Source: NBB ↗
- Louis Lesage became a director. NBB
- Yource Holding became a director. NBB
- Peter Ligteringen became a director. NBB
- New establishment in Mouscron. KBO
In short
From € 6 million loss in 2022 to € 914,570 profit in 2025.
Paid € 124,568 in corporate taxes since 2022.
Best year ever: 2025, with € 914,570 profit.
Management
The stake of Telhotel Mifratel comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MIFRATELThe shares are held by Telhotel Mifratel (100%). It owns 100% of EBOS HOLDING NV, 100% of Yource Netherlands B.V., 50% of ELLITRO Ltd and 50% of EUROCCOR EAD itself.
Directors
According to the 2025 annual accounts
Louis Lesage
Director
Also active at: EUROPEAN BUSINESS OPERATIONS & SERVICES, Telhotel Mifratel, M&P Invest, CONTACT CENTER ALLIANCE, EUROPEAN BUSINESS OPERATIONS & SERVICES HOLDING
since 2024 · until 2030
since 2023 · until 2029
Peter Ligteringen
Director
since 2023 · until 2029
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Oktrooiplein 1 box 501
9000 Gent
Kleine Brugstraat 120
7700 Mouscron
Active since 8 September 2008
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 94 companies are registered at this address.
All companies at this address →OMRON ELECTRONICS
€ 1.2 million gross margin · 2026
H4A GROENVOORZIENING
€ 20,128 gross margin · 2025
ABET
€ 181,755 gross margin · 2025
H4A Wind & Energy
€ -7,939 gross margin · 2025
TAMESIS
€ 246,008 gross margin · 2025
+89 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
- 0466.282.859
- VAT number
- BE 0466.282.859
- Registered office
- Oktrooiplein 1 bus 501, 9000 Gent
- Names & denominations
- MIFRATEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 June 1999
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van callcenters
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Markt- en opinieonderzoek
Activiteiten van reclamebureaus
Publiciteitsagentschappen
Marktonderzoekbureaus