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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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Mika & Bain from Ham, company number BE0563827148, closed financial year 2025 with a result of € -103,457 after tax. For that financial year Mika & Bain recorded a gross margin of € 307,252 and equity of € 96,220. Compared with financial year 2024, the result moved from € 15,381 to € -103,457. The company made a loss. The buffer shrank hard: equity is 52 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 96,220
▼ 52% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -103,457
▼ still € 15,381 profit in 2024
Profit after tax over the fiscal year.
€ 2,682
▲ 295% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 83,820.
People and assets in 2025
€ 14,181
▼ 77% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.6 million
▲ € 1.6 million vs 2024
Of which on lease € 1.5 million.
Debts at end 2025
€ 1.6 million
▲ € 1.5 million vs 2024
€ 109,271 is repaid this year. At this pace the long-term loan is gone in ≈ 15 years.
€ 3,820
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 6,117
▼ 68% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 158,485 | € 9,201 | € 126,829 | € 307,252 | ▲ 142% |
| Profit after taxes | € 111,081 | € -10,022 | € 15,381 | € -103,457 | ▼ € 118,837 |
| Equity | € 194,318 | € 184,296 | € 199,677 | € 96,220 | ▼ 52% |
| Total debts | € 234,069 | € 507,573 | € 1,030,372 | € 2,586,137 | ▲ 151% |
| Cash | € 2,568 | € 20,709 | € 680 | € 2,682 | ▲ 295% |
| Retained profit | € 181,918 | € 171,896 | € 187,277 | € 83,820 | ▼ 55% |
| Bank debt | € 142,773 | € 114,151 | € 85,556 | € 1,585,861 | ▲ € 1.5 million |
| Balance sheet total | € 428,388 | € 691,869 | € 1,230,049 | € 2,682,358 | ▲ 118% |
Key figures of Mika & Bain, 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 Mika & Bain?
What happened at Mika & Bain in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 103,457 (▼ € 118,837 vs 2024). Source: NBB ↗
- New establishment in Ham. KBO
- Start of the company according to the CBE. KBO
In short
From € 111,081 profit in 2022 to € 103,457 loss in 2025.
Paid € 46,486 in corporate taxes since 2022.
Best year ever: 2022, with € 111,081 profit.
Management
Behind Mika & Bain is METIN CIFTCI. METIN CIFTCI is also behind BAKKTZ, Blacknum, Safety & Maintenance Company and Quantum Nutrition Labs.
Directors
According to the 2025 annual accounts
METIN CIFTCI
Director
Also active at: BAKKTZ, Blacknum, Safety & Maintenance Company, Quantum Nutrition Labs
Establishments
Establishment units
Physical locations of this company
Heidestraat 43 box A
3945 Ham
Heidestraat 43 box a
3945 Ham
Active since 9 October 2014
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
- 0563.827.148
- VAT number
- BE 0563.827.148
- Registered office
- Heidestraat 43 bus A, 3945 Ham
- Names & denominations
- Mika & Bain
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 October 2014
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
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