ACTIVE

MIBELSFA

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Financial year 2025 · closed on 30/09/2025

Net result

-9,5 k €

+59.9% YoY

Gross margin

-7,1 k €

+63.2% YoY

Equity

38,6 k €

-38.8% YoY

What does MIBELSFA do?

MIBELSFA is a Private limited company incorporated in 2009. Its main activity is: Other information technology and computer service activities. Its registered office is in Nivelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0820.005.831

Incorporation

23/10/2009

Legal form

Private limited company

Registered office

Les Huttes 4
1400 Nivelles · WallonieSee on map

Contributed capital

6 200,00 €

Latest accounts

30/09/2025

Activities (NACE)

62090Other information technology and computer service activities· main 62900Computer programming, consultancy and related activities 62010Computer programming activities 62100Computer programming, consultancy and related activities 63100Data processing, hosting and related activities; web portals 63110Data processing, hosting and related activities

Signals

Solid equityGood liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	-7,1 k €	+63.2%	-19,3 k €	+65.5%	-56,1 k €	-288%	29,8 k €	-3.2%	30,8 k €	-10.0%	34,2 k €	+33.7%	25,6 k €	-57.3%	59,9 k €	+128%	26,3 k €	+39.4%	18,9 k €	-11.2%	21,3 k €	-49.6%	42,1 k €	-5.9%	44,8 k €	-14.9%	52,7 k €	-16.9%	63,3 k €	+73.5%	36,5 k €
EBITDA	-8,4 k €	+63.3%	-22,9 k €	+62.0%	-60,2 k €	-325%	26,7 k €	-8.7%	29,3 k €	-10.9%	32,9 k €	+42.7%	23 k €	-57.1%	53,7 k €	+169%	20 k €	+43.9%	13,9 k €	-12.5%	15,8 k €	-13.1%	18,2 k €	-30.7%	26,3 k €	-21.2%	33,4 k €	-28.8%	46,8 k €	+144%	19,2 k €
Operating result	-9,9 k €	+59.5%	-24,4 k €	+60.2%	-61,2 k €	-335%	26 k €	-10.5%	29 k €	-10.2%	32,3 k €	+61.2%	20,1 k €	-62.2%	53,2 k €	+174%	19,4 k €	+45.6%	13,3 k €	+80.1%	7,4 k €	-51.8%	15,4 k €	-18.6%	18,9 k €	-4.0%	19,6 k €	-41.8%	33,7 k €	+170%	12,5 k €
Net result	-9,5 k €	+59.9%	-23,8 k €	+62.2%	-62,8 k €	-431%	19 k €	-2.8%	19,5 k €	-13.1%	22,5 k €	+75.6%	12,8 k €	-63.2%	34,8 k €	+168%	13 k €	+65.3%	7,9 k €	+290%	2 k €	-68.5%	6,4 k €	-59.2%	15,7 k €	+5.3%	14,9 k €	-51.8%	31 k €	+287%	8 k €
Balance sheet
Equity	38,6 k €	-38.8%	63,2 k €	-36.2%	98,9 k €	-38.8%	161,8 k €	+13.3%	142,8 k €	+15.8%	123,2 k €	+22.3%	100,8 k €	+14.6%	88 k €	+65.6%	53,1 k €	+32.5%	40,1 k €	+24.5%	32,2 k €	+6.7%	30,2 k €	+5.0%	28,8 k €	+6.2%	27,1 k €	+7.7%	25,2 k €	+77.3%	14,2 k €
Total assets	109,7 k €	-13.6%	127 k €	-10.8%	142,3 k €	-23.6%	186,1 k €	+16.4%	159,8 k €	+13.7%	140,6 k €	+30.1%	108 k €	-14.2%	125,9 k €	+40.6%	89,5 k €	+65.7%	54 k €	+9.9%	49,1 k €	-8.4%	53,7 k €	+4.8%	51,2 k €	-8.2%	55,8 k €	-16.6%	66,9 k €	+51.3%	44,2 k €
Cash	14,7 k €	-5.3%	15,5 k €	+1240%	1,2 k €	-98.0%	57,1 k €	-55.7%	129 k €	+18.4%	108,9 k €	+27.8%	85,2 k €	-7.3%	92 k €	+125%	40,8 k €	+33.3%	30,6 k €		–		25,7 k €	-25.9%	34,7 k €	+13.3%	30,6 k €	+23.0%	24,9 k €	+5.6%	23,6 k €
Debts	71,1 k €	+11.4%	63,8 k €	+47.3%	43,3 k €	+78.0%	24,3 k €	+42.8%	17,1 k €	-1.5%	17,3 k €	+138%	7,3 k €	-80.8%	37,9 k €	+4.2%	36,4 k €	+161%	13,9 k €	-17.7%	16,9 k €	-27.9%	23,5 k €	+4.6%	22,4 k €	-21.7%	28,7 k €	-31.3%	41,7 k €	+122%	18,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		0,4 ETP		–		0,5 ETP	0.0%	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 30/09/2025 · 1 active · 2 ended

Active mandates

MICHEL SFAKIANAKIS

Director · since 27 octobre 2009

Active

Ended mandates

MICHEL SFAKIANAKIS

Manager · since 27 octobre 2009

Ended

MICHEL SFAKIANAKIS

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
EMPYREAL● Active	1016.471.710

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/04/2026	30/04/2025	29/03/2024	27/03/2023	07/04/2022	17/03/2021
General meeting	19/04/2026	29/04/2025	01/03/2024	01/03/2023	15/03/2022	16/03/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	19/04/2026	22/04/2026	French	PDF
Micro model	30/09/2024	29/04/2025	30/04/2025	French	PDF
Micro model	30/09/2023	01/03/2024	29/03/2024	French	PDF
Micro model	30/09/2022	01/03/2023	27/03/2023	French	PDF
Micro model	30/09/2021	15/03/2022	07/04/2022	French	PDF
Micro model	30/09/2020	16/03/2021	17/03/2021	French	PDF
Micro model	30/09/2019	17/03/2020	26/03/2020	French	PDF
Micro model	30/09/2018	19/03/2019	25/03/2019	French	PDF
Micro model	30/09/2017	20/03/2018	23/03/2018	French	PDF
Abridged model	30/09/2016	21/03/2017	30/03/2017	French	PDF
Abridged model	30/09/2015	15/03/2016	31/03/2016	French	PDF
Abridged model	30/09/2014	17/03/2015	19/03/2015	French	PDF
Abridged model	30/09/2013	18/03/2014	30/04/2014	French	PDF
Abridged model	30/09/2012	19/03/2013	29/04/2013	French	PDF
Abridged model	30/09/2011	20/03/2012	27/04/2012	French	PDF
Abridged model	30/09/2010	15/03/2011	29/03/2011	French	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 30/09/2025 · 1 active · 2 ended

Active mandates

MICHEL SFAKIANAKIS

Director · since 27 octobre 2009

Active

Ended mandates

MICHEL SFAKIANAKIS

Manager · since 27 octobre 2009

Ended

MICHEL SFAKIANAKIS

Mandate

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025-9,5 k €↑
2024
Annual accounts 2024-23,8 k €↑
2023
Annual accounts 2023-62,8 k €↓
2022
Annual accounts 202219 k €↓
2021
Annual accounts 202119,5 k €↓
2020
Annual accounts 202022,5 k €↑
2019
Annual accounts 201912,8 k €↓
2018
Annual accounts 201834,8 k €↑
2017
Annual accounts 201713 k €↑
2016
Annual accounts 20167,9 k €↑
2015
Annual accounts 20152 k €↓
2014
Annual accounts 20146,4 k €↓
2013
Annual accounts 201315,7 k €↑
2012
Annual accounts 201214,9 k €↓
2011
Annual accounts 201131 k €↑
2010
Annual accounts 20108 k €
23/10/2009
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

MIBELSFA

Overview

What does MIBELSFA do?

Trend over 16 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

Similar companies

Similar companies

Timeline