ACTIVE

MIZANA

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Financial year 2025 · closed on 31/12/2025

Net result

29,0 k €

+27.7% YoY

Gross margin

68,8 k €

+17.2% YoY

Equity

181,9 k €

+5.7% YoY

What does MIZANA do?

MIZANA is a Private company with limited liability incorporated in 2001. Its main activity is: Computer consultancy activities. Its registered office is in Niel.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.522.218

Incorporation

06/04/2001

Legal form

Private company with limited liability

Registered office

Wirixdreef 30
2845 Niel · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Activities (NACE)

62020Computer consultancy activities· main 62200Computer programming, consultancy and related activities 72100Research and experimental development on natural sciences and engineering 62010Computer programming activities 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	68,8 k €	+17.2%	58,7 k €	-6.9%	63,0 k €	+78.4%	35,3 k €	-34.2%	53,7 k €	-1.9%	54,7 k €	+37.4%	39,8 k €	-27.7%	55,1 k €	+65.6%	33,2 k €	-41.3%	56,7 k €	-5.2%	59,8 k €	+45.9%	41,0 k €	-42.2%	70,8 k €	+47.2%	48,1 k €	+23.7%	38,9 k €	-47.1%	73,5 k €	+7.7%	68,3 k €	+56.8%	43,6 k €	+183%	15,4 k €	-19.9%	19,2 k €
EBITDA	67,1 k €	+18.2%	56,8 k €	-6.9%	61,0 k €	+85.9%	32,8 k €	-36.1%	51,3 k €	-2.4%	52,6 k €	+36.5%	38,5 k €	-28.3%	53,8 k €	+68.3%	31,9 k €	-42.0%	55,1 k €	-5.8%	58,5 k €	+48.5%	39,4 k €	-42.1%	68,0 k €	+51.4%	44,9 k €	+23.7%	36,3 k €	-48.7%	70,7 k €	+6.7%	66,3 k €	+62.9%	40,7 k €	+212%	13,0 k €	-18.5%	16,0 k €
Operating result	43,8 k €	+14.6%	38,2 k €	-14.0%	44,5 k €	+190%	15,3 k €	-53.7%	33,2 k €	+14.4%	29,0 k €	+115%	13,5 k €	-57.2%	31,5 k €	+174%	11,5 k €	-65.0%	32,9 k €	-11.3%	37,1 k €	+112%	17,5 k €	-65.7%	51,0 k €	+72.4%	29,6 k €	+67.2%	17,7 k €	-65.2%	50,7 k €	+4.4%	48,6 k €	+200%	16,2 k €	+2864%	-585,4 €	-114%	4,3 k €
Net result	29,0 k €	+27.7%	22,7 k €	-18.6%	27,9 k €	+279%	7,4 k €	-59.1%	18,0 k €	-6.1%	19,2 k €	+84.3%	10,4 k €	-58.1%	24,9 k €	+233%	7,5 k €	-66.7%	22,5 k €	-8.7%	24,6 k €	+118%	11,3 k €	-72.0%	40,4 k €	+111%	19,1 k €	+83.0%	10,4 k €	-69.6%	34,4 k €	+8.4%	31,7 k €	+262%	8,8 k €	+357%	-3,4 k €	-157%	5,9 k €
Balance sheet
Equity	181,9 k €	+5.7%	172,0 k €	+7.7%	159,7 k €	-2.7%	164,2 k €	+4.7%	156,8 k €	-15.6%	185,9 k €	+11.5%	166,7 k €	-0.1%	166,8 k €	+17.6%	141,8 k €	+5.6%	134,4 k €	+20.1%	111,9 k €	+28.2%	87,3 k €	+14.9%	76,0 k €	+113%	35,6 k €	-35.8%	55,5 k €	-51.8%	115,0 k €	+42.7%	80,6 k €	+64.9%	48,9 k €	+21.8%	40,1 k €	-7.8%	43,5 k €
Total assets	324,1 k €	+3.7%	312,5 k €	-5.8%	331,7 k €	+8.6%	305,4 k €	-15.0%	359,5 k €	+2.7%	350,0 k €	+1.5%	344,7 k €	+73.1%	199,1 k €	+23.8%	160,8 k €	-5.8%	170,7 k €	+10.4%	154,6 k €	+2.9%	150,2 k €	+10.8%	135,5 k €	+32.2%	102,5 k €	-17.0%	123,5 k €	-31.2%	179,5 k €	+8.8%	164,9 k €	+16.9%	141,0 k €	+19.6%	117,9 k €	-18.3%	144,2 k €
Cash	56,1 k €	-19.2%	69,5 k €	+27.0%	54,7 k €	+52.6%	35,9 k €	-45.1%	65,3 k €	+468%	11,5 k €	+382%	2,4 k €	-78.9%	11,3 k €	+1529%	693,6 €	+8873%	7,7 €	0.0%	7,7 €	0.0%	7,7 €	-100.0%	16,5 k €	+75.5%	9,4 k €	-65.1%	26,9 k €	-57.2%	62,9 k €	+84.2%	34,1 k €	+13.0%	30,2 k €	+184%	10,6 k €	-81.8%	58,4 k €
Debts	142,2 k €	+1.2%	140,5 k €	-18.3%	172,0 k €	+21.8%	141,2 k €	-30.3%	202,7 k €	+23.5%	164,1 k €	-7.8%	178,0 k €	+451%	32,3 k €	+70.3%	19,0 k €	-47.7%	36,3 k €	-15.0%	42,7 k €	-32.1%	62,9 k €	+5.6%	59,5 k €	-11.0%	66,9 k €	-1.7%	68,0 k €	+5.6%	64,4 k €	-23.6%	84,3 k €	-8.5%	92,1 k €	+18.5%	77,8 k €	-22.8%	100,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Steve De Voecht

Director

Active

Ended mandates

Steve De Voecht

Director · since 22 février 2002

Ended

Steve De Voecht

Manager · since 22 février 2002

Ended

Steve De Voecht

Mandate

Ended

Steve De Voecht

Administrator - manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/08/2026	10/06/2025	27/08/2024	28/08/2023	15/06/2022	01/12/2021
General meeting	06/06/2026	07/06/2025	01/06/2024	03/06/2023	04/06/2022	05/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	06/06/2026	27/08/2026	Dutch	PDF
Micro model	31/12/2024	07/06/2025	10/06/2025	Dutch	PDF
Micro model	31/12/2023	01/06/2024	27/08/2024	Dutch	PDF
Micro model	31/12/2022	03/06/2023	28/08/2023	Dutch	PDF
Micro model	31/12/2021	04/06/2022	15/06/2022	Dutch	PDF
Micro model	31/12/2020	05/06/2021	01/12/2021	Dutch	PDF
Micro model	31/12/2019	09/09/2020	30/11/2020	Dutch	PDF
Micro model	31/12/2018	01/06/2019	26/08/2019	Dutch	PDF
Micro model	31/12/2017	02/06/2018	05/07/2018	Dutch	PDF
Micro model	31/12/2016	03/06/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	04/06/2016	21/09/2016	Dutch	PDF
Abridged model	31/12/2014	06/06/2015	29/09/2015	Dutch	PDF
Abridged model	31/12/2013	07/06/2014	30/07/2014	Dutch	PDF
Abridged model	31/12/2012	01/06/2013	19/09/2013	Dutch	PDF
Abridged model	31/12/2011	02/06/2012	14/06/2012	Dutch	PDF
Abridged model	31/12/2010	04/06/2011	27/06/2011	Dutch	PDF
Abridged model	31/12/2009	05/06/2010	04/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	28/07/2009	Dutch	PDF
Abridged model	31/12/2007	07/06/2008	23/06/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	03/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 5 ended

Active mandates

Steve De Voecht

Director

Active

Ended mandates

Steve De Voecht

Director · since 22 février 2002

Ended

Steve De Voecht

Manager · since 22 février 2002

Ended

Steve De Voecht

Mandate

Ended

Steve De Voecht

Administrator - manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office10/06/2022
MAATSCHAPPELIJKE ZETEL
PDF
Other11/05/2016
BENAMING - DOEL
PDF
Registered office21/02/2011
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202529,0 k €↑
2024
Annual accounts 202422,7 k €↓
2023
Annual accounts 202327,9 k €↑
2022
Annual accounts 20227,4 k €↓
2021
Annual accounts 202118,0 k €↓
2020
Annual accounts 202019,2 k €↑
2019
Annual accounts 201910,4 k €↓
2018
Annual accounts 201824,9 k €↑
2017
Annual accounts 20177,5 k €↓
2016
Annual accounts 201622,5 k €↓
2015
Annual accounts 201524,6 k €↑
2015
Name changeMIZANA
2014
Annual accounts 201411,3 k €↓
2013
Annual accounts 201340,4 k €↑
2012
Annual accounts 201219,1 k €↑
2011
Annual accounts 201110,4 k €↓
2010
Annual accounts 201034,4 k €↑
2009
Annual accounts 200931,7 k €↑
2008
Annual accounts 20088,8 k €↑
2007
Annual accounts 2007-3,4 k €↓
2006
Annual accounts 20065,9 k €
2006
Name changeBRISTAN ICT
06/04/2001
IncorporationPrivate company with limited liability

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MIZANA

Overview

What does MIZANA do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline