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 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Mipad from Aalst, company number BE0688548857, closed financial year 2025 with a result of € 224,259 after tax. For that financial year Mipad recorded a gross margin of € 316,099 and equity of € 18,600. Compared with financial year 2024, the result moved from € 110,070 to € 224,259. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 25, 2026.
€ 18,600
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 224,259
▲ 104% vs 2024
Profit after tax over the fiscal year.
€ 7,969
▼ 89% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 224,259 paid out
100 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 48,605
▼ 20% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 529
▼ 65% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,160
▼ 18% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 198,321 | € 139,921 | € 162,001 | € 316,099 | ▲ 95% |
| Profit after taxes | € 144,826 | € 100,855 | € 110,070 | € 224,259 | ▲ 104% |
| Equity | € 96,587 | € 162,442 | € 18,600 | € 18,600 | |
| Total debts | € 38,334 | € 43,837 | € 129,882 | € 83,512 | ▼ 36% |
| Cash | € 105,008 | € 173,182 | € 75,222 | € 7,969 | ▼ 89% |
| Retained profit | € 77,987 | € 143,842 | € 0 | € 0 | |
| Dividend | € 313,000 | € 35,000 | € 253,912 | € 224,259 | ▼ 12% |
| Balance sheet total | € 134,921 | € 206,279 | € 148,482 | € 102,112 | ▼ 31% |
Key figures of Mipad, 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 Mipad?
What happened at Mipad in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 224,259 (▲ 104% vs 2024). Source: NBB ↗
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
- Stefaan Devolder became a director. NBB
In short
From € 144,826 profit in 2022 to € 224,259 profit in 2025.
Paid € 187,275 in corporate taxes since 2022.
Best year ever: 2025, with € 224,259 profit.
Paid out € 826,171 in dividends to the owners in total.
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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
Directors
According to the 2025 annual accounts
Stefaan Devolder
Director
since 2018
Establishments
Establishment units
Physical locations of this company
Kuipersstraat 78 box A
9308 Aalst
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0688.548.857
- VAT number
- BE 0688.548.857
- Registered office
- Kuipersstraat 78 bus A, 9308 Aalst
- Names & denominations
- Mipad
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 January 2018
- Peppol
- Active · Active since 25 Feb 2025
- Activities · NACE
Activiteiten van holdings
Holdings