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 51 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MIKO KOFFIE from Turnhout, company number BE0869777422, closed financial year 2025 with a result of € -7.7 million after tax. For that financial year MIKO KOFFIE recorded revenue of € 90.9 million and equity of € 92 million. Compared with financial year 2024, the result moved from € -2.2 million to € -7.7 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 92 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7.7 million
▼ 250 % more loss than in 2024
Profit after tax over the fiscal year.
€ 976,775
▲ € 735,392 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -939,282.
People and assets in 2025
42.5
▼ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▼ 10% vs 2024
€ 68,800 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.
€ 132,454
▲ 24% vs 2024
Of which on lease € 20,316.
Debts at end 2025
€ 66.1 million
▲ 28% vs 2024
€ 10.3 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 12.1 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 309,653
▼ 25% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 50,455,028 | € 62,262,009 | € 63,933,914 | € 90,923,120 | ▲ 42% |
| Profit after taxes | € -2,198,775 | € -14,708,684 | € -2,205,596 | € -7,725,103 | ▼ € 5.5 million |
| Equity | € 116,631,751 | € 101,923,066 | € 99,717,470 | € 91,992,368 | ▼ 8% |
| Total debts | € 73,774,315 | € 90,393,403 | € 101,925,949 | € 112,932,149 | ▲ 11% |
| Cash | € 5,846,078 | € 2,078,360 | € 241,382 | € 976,775 | ▲ € 735,392 |
| Land & buildings | € 1,733,141 | € 6,668,274 | € 6,650,575 | € 6,420,989 | ▼ 3% |
| Retained profit | € 23,700,101 | € 8,991,416 | € 6,785,820 | € -939,282 | ▼ € 7.7 million |
| Bank debt | € 58,107,314 | € 45,446,975 | € 51,513,628 | € 66,109,237 | ▲ 28% |
| Balance sheet total | € 190,461,214 | € 192,345,650 | € 201,673,903 | € 205,363,632 | ▲ 2% |
| Employees (FTE) | 42.5 | 45.7 | 45.2 | 42.5 | ▼ 2.7 |
Key figures of MIKO KOFFIE, 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 MIKO KOFFIE?
What happened at MIKO KOFFIE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick Mariën stepped down as director. NBB
- Stijn MICHIELSEN stepped down as director. NBB
- Quoque BV stepped down as director. NBB
- V² Adviesbureau BV stepped down as director. NBB
- Hirvi BV stepped down as director. NBB
- Katelijne VOS stepped down as director. NBB
- D&L Legal BV stepped down as director. NBB
- Dimotak stepped down as director. NBB
In short
From € 2.2 million loss in 2022 to € 7.7 million loss in 2025.
Paid € 530,371 in corporate taxes since 2022.
Pays suppliers within 48 days on average.
Management
The shares are held by Miko NV (100%). It owns 100% of MIKO COFFEE SERVICE NV, 100% of MIKO CAFE SERVICE SA (IFRS-CIJFERS), 100% of TIN TEA IMPORT NETWORK (IFRS-CIJFERS), 100% of ABOS BV (IFRS-CIJFERS), 100% of BEVERAGE MARKETING AUSTRALIA PTY LTD (IFRS-CIJFERS) and 100% of MIKO COFFEE POLAND SP. Z.O.O. (IFRS-CIJFERS) itself.
Directors
According to the 2025 annual accounts
Patrick Mariën
Director
since 2025 · until 2028
Director · represented by Evy Verhulst
Also active at: MIKO COFFEE SERVICE, B&R Logistics
since 2025 · until 2028
Director · represented by Bart Laps
since 2025 · until 2028
since 2022 · until 2025
since 2022 · until 2028
Director · represented by Philip Wouters
Also active at: Sas, MIKO COFFEE SERVICE, SAPRO, HELFINCO
since 2022 · until 2028
since 2022 · until 2028
Director · represented by Willem Van Gemert
since 2022 · until 2028
Karl HERMANS
Managing director
Also active at: MIKO, MIKO COFFEE SERVICE, IMKO HOLDING, CAPRIOLE COFFEE SERVICE
since 2022 · until 2028
Shareholders
100%
Participations
MIKO CAFE SERVICE SA (IFRS-CIJFERS)
100%
TIN TEA IMPORT NETWORK (IFRS-CIJFERS)
100%
ABOS BV (IFRS-CIJFERS)
100%
BEVERAGE MARKETING AUSTRALIA PTY LTD (IFRS-CIJFERS)
100%
MIKO COFFEE POLAND SP. Z.O.O. (IFRS-CIJFERS)
100%
MIKO SWEDEN (IFRS-CIJFERS)
100%
KAFFEBRYGGERIET AS (IFRS-CIJFERS)
100%
MIKO KOFFIE SERVICE BV (IFRS-CIJFERS)
100%
MIKO COFFEE DENMARK (IFRS-CIJFERS)
100%
MIKO COFFEE LIMITED (CONSO IFRS-CIJFERS)
100%
MAAS INTERNATIONAL HOLDING BV (CONSO IFRS-CIJFERS)
91.9%
MIKO KAFFEE GMBH (CONSO IFRS-CIJFERS)
89%
FREEHAND COFFEE COMPANY A/S. (IFRS-CIJFERS)
85.5%
Establishments
Establishment units
Physical locations of this company
Steenweg op Mol 177
2300 Turnhout
Industriedijk 23
2300 Turnhout
Active since 1 October 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0869.777.422
- VAT number
- BE 0869.777.422
- Registered office
- Steenweg op Mol 177, 2300 Turnhout
- Names & denominations
- MIKO KOFFIE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 November 2004
- Peppol
- Active · Active since 11 Mar 2025
- Activities · NACE
Verwerking van thee en koffie
Verwerking van koffie en thee
Groothandel in koffie, thee, cacao en specerijen