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 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MIH from Aalter, company number BE0466715401, closed financial year 2025 with a result of € -45,735 after tax. For that financial year MIH recorded a gross margin of € 4,171 and equity of € 145,820. Compared with financial year 2024, the result moved from € -4,356 to € -45,735. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 12, 2026.
€ 145,820
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,735
▼ 950 % more loss than in 2024
Profit after tax over the fiscal year.
€ 300
▼ 92% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 139,620.
People and assets in 2025
€ 6,984
▼ 73% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 603,997
▲ € 544,603 vs 2024
€ 555,525 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 48,686
▲ € 44,399 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,665
▲ € 6,559 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 | € 24,556 | € 56,658 | € 36,474 | € 4,171 | ▼ 89% |
| Profit after taxes | € 33,433 | € 15,580 | € -4,356 | € -45,735 | ▼ € 41,379 |
| Equity | € 180,330 | € 195,911 | € 191,555 | € 145,820 | ▼ 24% |
| Total debts | € 241,252 | € 220,518 | € 238,183 | € 888,738 | ▲ 273% |
| Cash | € 12,579 | € 1,747 | € 3,758 | € 300 | ▼ 92% |
| Land & buildings | € 336,058 | € 329,143 | € 322,228 | € 963,988 | ▲ 199% |
| Retained profit | € 174,130 | € 189,711 | € 185,355 | € 139,620 | ▼ 25% |
| Bank debt | € 72,809 | € 64,666 | € 59,394 | € 603,997 | ▲ € 544,603 |
| Balance sheet total | € 421,582 | € 416,429 | € 429,737 | € 1,034,558 | ▲ 141% |
Key figures of MIH, 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 April 2027.
What happened to MIH?
What happened at MIH in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 45,735. filed late Source: NBB ↗
- New establishment in Aalter. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,433 profit in 2022 to € 45,735 loss in 2025.
Paid € 6,537 in corporate taxes since 2022.
Best year ever: 2022, with € 33,433 profit.
Management
Behind MIH is Patrick Vaernewyck.
Directors
According to the 2025 annual accounts
Patrick Vaernewyck
Director
Establishments
Establishment units
Physical locations of this company
Eerste Poolse Pantserdivisiest. 9
9880 Aalter
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.715.401
- VAT number
- BE 0466.715.401
- Registered office
- Eerste Poolse Pantserdivisiest. 9, 9880 Aalter
- Names & denominations
- MIH
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 August 1999
- Peppol
- Active · Active since 3 Jan 2026
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