ACTIVE

Mivaro

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Financial year 2025 · closed on 31/12/2025

Net result

26,3 k €

+9.1% YoY

Gross margin

62 k €

+4.5% YoY

Equity

154,4 k €

+20.5% YoY

What does Mivaro do?

Mivaro is a Private limited company incorporated in 2013. Its registered office is in Mol.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0503.782.861

Incorporation

04/02/2013

Legal form

Private limited company

Registered office

Rode-Kruislaan 9
2400 Mol · FlandreSee on map

Contributed capital

12 400,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Gross margin	62 k €	+4.5%	59,4 k €	-5.9%	63,1 k €	+9.4%	57,7 k €	+6.8%	54 k €	-1.5%	54,9 k €	-0.2%	55 k €	-33.2%	82,4 k €	-8.9%	90,4 k €	+275%	24,1 k €	-72.1%	86,2 k €	+26.7%	68 k €	-22.0%	87,2 k €
EBITDA	60,3 k €	+4.5%	57,7 k €	-6.0%	61,3 k €	+8.5%	56,5 k €	+6.1%	53,3 k €	-1.7%	54,2 k €	+1.9%	53,2 k €	-34.9%	81,8 k €	+15.6%	70,7 k €	+197%	23,8 k €	-63.6%	65,5 k €	+38.9%	47,2 k €	-28.2%	65,7 k €
Operating result	41,4 k €	+5.7%	39,2 k €	-11.1%	44,1 k €	+12.9%	39 k €	+8.9%	35,8 k €	+75.0%	20,5 k €	+46.5%	14 k €	-67.1%	42,4 k €	+35.3%	31,4 k €	+224%	-25,2 k €	-216%	21,7 k €	+8.2%	20,1 k €	-40.3%	33,6 k €
Net result	26,3 k €	+9.1%	24,1 k €	-11.5%	27,2 k €	+19.0%	22,9 k €	+10.6%	20,7 k €	+159%	8 k €	+427%	1,5 k €	-94.0%	25,4 k €	+2.1%	24,9 k €	+181%	-30,8 k €	-620%	5,9 k €	+17.2%	5 k €	-53.7%	10,9 k €
Balance sheet
Equity	154,4 k €	+20.5%	128,1 k €	-4.4%	134 k €	+25.5%	106,8 k €	+27.2%	84 k €	+32.7%	63,3 k €	+14.4%	55,3 k €	+2.8%	53,8 k €	+89.5%	28,4 k €	+713%	3,5 k €	-89.8%	34,3 k €	+20.9%	28,3 k €	+21.7%	23,3 k €
Total assets	451,8 k €	-3.2%	466,6 k €	-8.8%	511,8 k €	-2.3%	523,7 k €	-3.1%	540,3 k €	-3.3%	558,6 k €	-4.8%	587 k €	-6.2%	626,1 k €	-6.8%	671,5 k €	-0.3%	673,8 k €	+70.1%	396,1 k €	+117%	182,9 k €	-13.6%	211,7 k €
Cash	7,7 k €	+59.2%	4,8 k €	-89.8%	47,2 k €	+14.3%	41,3 k €	+1.3%	40,8 k €	-4.4%	42,7 k €	+33.4%	32 k €	-11.0%	35,9 k €	+24.8%	28,8 k €	-43.2%	50,7 k €	+3.4%	49 k €	+41.5%	34,7 k €	-24.9%	46,2 k €
Debts	297,4 k €	-12.1%	338,5 k €	-10.4%	377,8 k €	-9.4%	416,9 k €	-8.6%	456,3 k €	-7.9%	495,3 k €	-6.8%	531,7 k €	-7.1%	572,3 k €	-11.0%	643,2 k €	-4.1%	670,3 k €	+85.2%	361,9 k €	+137%	152,4 k €	-19.1%	188,4 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		0,6 ETP	0.0%	0,6 ETP	+20.0%	0,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Karolien Piet Van Kerckhoven

Director · since 01 avril 2026

Active

Marthe Nagel

Director · since 09 juillet 2021

Active

Ended mandates

Anne-Marie D'Hooge

Manager · since 31 janvier 2013

Ended

Thérèse Van Roosbroeck

Manager · since 31 janvier 2013

Ended

Marthe Nagel

Director

Ended

Therese Van Roosbroeck

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Denthema● Active	0764.651.889

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	30/06/2026	07/07/2025	01/07/2024	17/07/2023	08/07/2022	30/07/2021
General meeting	25/06/2026	25/06/2025	25/06/2024	26/06/2023	25/06/2022	30/06/2021
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

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	25/06/2026	30/06/2026	Dutch	PDF
Micro model	31/12/2024	25/06/2025	07/07/2025	Dutch	PDF
Micro model	31/12/2023	25/06/2024	01/07/2024	Dutch	PDF
Micro model	31/12/2022	26/06/2023	17/07/2023	Dutch	PDF
Micro model	31/12/2021	25/06/2022	08/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	30/07/2020	Dutch	PDF
Micro model	31/12/2018	25/06/2019	25/07/2019	Dutch	PDF
Micro model	31/12/2017	25/06/2018	06/07/2018	Dutch	PDF
Micro model	31/12/2016	26/06/2017	03/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/06/2016	20/07/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	25/07/2014	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 2 active · 4 ended

Active mandates

Karolien Piet Van Kerckhoven

Director · since 01 avril 2026

Active

Marthe Nagel

Director · since 09 juillet 2021

Active

Ended mandates

Anne-Marie D'Hooge

Manager · since 31 janvier 2013

Ended

Thérèse Van Roosbroeck

Manager · since 31 janvier 2013

Ended

Marthe Nagel

Director

Ended

Therese Van Roosbroeck

Director

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/07/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/06/2019
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/11/2013
KAPITAAL - AANDELEN
PDF
Other06/02/2013
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 202526,3 k €↑
2024
Annual accounts 202424,1 k €↓
2023
Annual accounts 202327,2 k €↑
2022
Annual accounts 202222,9 k €↑
2021
Annual accounts 202120,7 k €↑
2020
Annual accounts 20208 k €↑
2019
Annual accounts 20191,5 k €↓
2018
Annual accounts 201825,4 k €↑
2017
Annual accounts 201724,9 k €↑
2016
Annual accounts 2016-30,8 k €↓
2015
Annual accounts 20155,9 k €↑
2014
Annual accounts 20145 k €↓
2013
Annual accounts 201310,9 k €
04/02/2013
IncorporationPrivate limited company

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

Mivaro

Overview

What does Mivaro do?

Trend over 13 financial years

Indicative valuation

Board of directors

Other companies at this address

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