MIAN
Open bankruptcyFinancials · financial year 2023, micro format
2023 annual accounts filed late (12 days) Filed on 12 August 2024, deadline 31 July 2024 (7 months after the close on 31 December 2023, Companies Code art. 3:10). Source: NBB, 2024-00340540.
Turnover
€3.9m▼ 38.9%
2021 · €6.4m
EBIT margin
0.9%▼ 1.5pp
2021 · 2.4%
Net result
€17,134▼ 43.4%
2022 · €30,273
Working capital
€160,341▼ 56.0%
2022 · €364,517
Trend over the years
2019 to 2023, 5 financial years 2018 to 2023, 6 financial years
The operating result has fallen two years in a row; 2023 is 50% below 2022 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€3.9m
2023
Operating result€0.03m
2023
Net result€0.02m
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.9m
2023
Equity€0.4m
2023
Debt€0.5m
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.2m
2023
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin0.9%
2023
Return on assets (ROA)1.9%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency46.3%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.60
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)4.3
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Turnover€1.6m-€3.5m▲ 125%€5.7m▲ 62.0%€6.4m▲ 11.8%€3.9m
Operating result€0.05m-€0.1m▲ 191%€0.1m▲ 0.7%€0.2m▲ 4.0%€0.07m▼ 55.1%€0.03m▼ 50.3%
Net result€0.04m-€0.1m▲ 225%€0.07mabove the sector's middle half▼ 40.8%€0.1mabove the sector's middle half▲ 98.3%€0.03mabove the sector's middle half▼ 77.6%€0.02mwithin the sector's middle half▼ 43.4%
EBIT margin3.2%-4.1%▲ 0.9pp2.6%▼ 1.6pp2.4%▼ 0.2pp0.9%
Equity€0.05m-€0.2m▲ 240%€0.2mabove the sector's middle half▲ 41.7%€0.4mabove the sector's middle half▲ 58.4%€0.4mabove the sector's middle half▲ 8.3%€0.4mabove the sector's middle half▲ 4.3%
Total assets€0.2m-€0.3m▲ 83.4%€0.5mabove the sector's middle half▲ 63.3%€0.7mabove the sector's middle half▲ 52.7%€0.9mabove the sector's middle half▲ 17.4%€0.9mabove the sector's middle half▲ 1.5%
Debt€0.1m-€0.1m▲ 18.7%€0.3m▲ 88.8%€0.4m▲ 47.6%€0.5m▲ 26.1%€0.5m▼ 0.7%
Working capital€0.05m-€0.2m▲ 240%€0.2mabove the sector's middle half▲ 28.0%€0.3mabove the sector's middle half▲ 54.6%€0.4mabove the sector's middle half▲ 13.0%€0.2mabove the sector's middle half▼ 56.0%
Solvency29.3%-54.3%▲ 25.0pp47.1%within the sector's middle half▼ 7.2pp48.9%within the sector's middle half▲ 1.8pp45.1%within the sector's middle half▼ 3.8pp46.3%within the sector's middle half▲ 1.2pp
Current ratio1.41-2.19▲ 0.771.80within the sector's middle half▼ 0.381.84within the sector's middle half▲ 0.041.75within the sector's middle half▼ 0.091.60within the sector's middle half▼ 0.16
Return on assets (ROA)21.6%-38.3%▲ 16.7pp13.9%within the sector's middle half▼ 24.4pp18.0%above the sector's middle half▲ 4.1pp3.4%within the sector's middle half▼ 14.6pp1.9%within the sector's middle half▼ 1.5pp
Staff (FTE)1.4-2.4▲ 71.4%2.6within the sector's middle half▲ 8.3%2.4▼ 7.7%3.5▲ 45.8%4.3▲ 22.9%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €893,264
Fixed assets
€464,763 ▲ 1,356%
Current assets
€428,501 ▼ 49.5%
Equity and liabilities €893,264
Equity
€413,567 ▲ 4.3%
Debt
€479,697 ▼ 0.7%
Debt's share of the balance-sheet total falls from 54.9% to 53.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59,642▼
2022 · €79,702
Cash flow
€42,911▲
2022 · €41,808
Quick ratio
0.53▼
2022 · 1.10
Debt to equity
1.16▼
2022 · 1.22
ROE
4.1%▼
2022 · 7.6%
Interest coverage
6.43▼
2022 · over 100
Debt ≤ 1 year
€268,160▼
2022 · €483,226
Debt > 1 year
€211,538
Income taxes
€7,452▼
2022 · €37,751
Staff costs
€140,070▲
2022 · €91,054
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €1.6m | €3.5m | €5.7m | €6.4m | - | €3.9m | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €6.1m | - | €3.7m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.09m | €0.09m | €0.1m | ▲ 53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €0.003m | €0.007m | €0.01m | €0.03m | ▲ 123% |
| Other operating charges640/8 | - | - | - | €0.006m | €0.003m | €0.02m | ▲ 376% |
| Gross operating margin9900 | €0.08m | €0.2m | €0.3m | €0.3m | €0.2m | €0.2m | ▲ 23.5% |
| Operating profit (loss)9901 | €0.05m | €0.1m | €0.1m | €0.2m | €0.07m | €0.03m | ▼ 50.3% |
| Financial income75/76B | - | - | - | - | €0 | - | - |
| Recurring financial income75 | €250 | €28 | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €0.02m | €142 | €0.009m | ▲ 6,418% |
| Recurring financial charges65 | €157 | €154 | €50 | €425 | €142 | €0.009m | ▲ 6,418% |
| Non-recurring financial charges66B | - | - | - | €0.02m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.05m | €0.1m | €0.1m | €0.1m | €0.07m | €0.02m | ▼ 63.9% |
| Income taxes67/77 | €0.01m | €0.03m | €0.08m | -€0.004m | €0.04m | €0.007m | ▼ 80.3% |
| Profit (loss) for the period9904 | €0.04m | €0.1m | €0.07m | €0.1m | €0.03m | €0.02m | ▼ 43.4% |
| Profit (loss) for the period to be appropriated9905 | €0.04m | €0.1m | €0.07m | €0.1m | €0.03m | €0.02m | ▼ 43.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €163,890 | €300,613 | €490,783 | €749,463 | €879,659 | €893,264 | ▲ 1.5% |
| Fixed assets21/28 | - | - | €22,375 | €43,450 | €31,915 | €464,763 | ▲ 1,356% |
| Intangible fixed assets21 | - | - | €22,375 | €19,597 | €16,820 | €14,042 | ▼ 16.5% |
| Tangible fixed assets22/27 | - | - | - | €23,853 | €15,095 | €450,721 | ▲ 2,886% |
| Land and buildings22 | - | - | - | - | - | €444,384 | - |
| Furniture and vehicles24 | - | - | - | €20,445 | €12,527 | €4,609 | ▼ 63.2% |
| Other tangible fixed assets26 | - | - | - | €3,408 | €2,568 | €1,728 | ▼ 32.7% |
| Current assets29/58 | €163,890 | €300,613 | €468,408 | €706,013 | €847,744 | €428,501 | ▼ 49.5% |
| Stocks and contracts in progress3 | €41,818 | €187,627 | €243,514 | €328,269 | €316,926 | €287,293 | ▼ 9.3% |
| Stocks30/36 | - | - | - | €328,269 | €316,926 | €287,293 | ▼ 9.3% |
| Amounts receivable within one year40/41 | €3,596 | €11,982 | €46,673 | €214,742 | €359,235 | €100,579 | ▼ 72.0% |
| Trade receivables40 | - | - | - | €182,833 | €307,049 | €42,190 | ▼ 86.3% |
| Other amounts receivable41 | - | - | - | €31,909 | €52,186 | €58,389 | ▲ 11.9% |
| Cash at bank and in hand54/58 | €118,476 | €101,004 | €178,221 | €163,002 | €171,583 | €39,194 | ▼ 77.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €1,435 | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €163,890 | €300,613 | €490,783 | €749,463 | €879,659 | €893,264 | ▲ 1.5% |
| Equity10/15 | €48,019 | €163,088 | €231,160 | €366,159 | €396,432 | €413,567 | ▲ 4.3% |
| Contributions10/11 | €12,600 | €12,600 | - | €12,600 | €12,600 | €12,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €33,559 | €148,628 | €216,700 | €351,699 | €381,972 | €399,107 | ▲ 4.5% |
| Amounts payable17/49 | €115,870 | €137,525 | €259,623 | €383,304 | €483,226 | €479,697 | ▼ 0.7% |
| Amounts payable after more than one year17 | - | - | - | - | - | €211,538 | - |
| Financial debts170/4 | - | - | - | - | - | €211,538 | - |
| Amounts payable within one year42/48 | €115,870 | €137,525 | €259,623 | €383,304 | €483,226 | €268,160 | ▼ 44.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €21,353 | - |
| Trade debts44 | €95,748 | €74,903 | €146,566 | €299,020 | €394,196 | €170,506 | ▼ 56.7% |
| Suppliers440/4 | - | - | - | €299,020 | €394,196 | €170,506 | ▼ 56.7% |
| Taxes, remuneration and social security45 | - | - | - | €84,284 | €86,162 | €76,300 | ▼ 11.4% |
| Taxes450/3 | - | - | - | €71,571 | €71,985 | €54,460 | ▼ 24.3% |
| Remuneration and social security454/9 | - | - | - | €12,713 | €14,177 | €21,841 | ▲ 54.1% |
| Other amounts payable47/48 | - | - | - | - | €2,868 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,419 | €115,068 | €68,072 | €134,999 | €30,273 | €17,134 | ▼ 43.4% |
| + Depreciation and write-downs630 | - | - | €2,625 | €6,880 | €11,535 | €25,776 | ▲ 123% |
| Operating cash flow (approximation) | €35,419 | €115,068 | €70,698 | €141,879 | €41,808 | €42,911 | ▲ 2.6% |
| Investment in fixed assets (approximation) | - | - | - | -€27,956 | €0 | -€458,625 | - |
| Change in cash | - | -€17,472 | €77,217 | -€15,219 | €8,581 | -€132,390 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 12-08-2024 | 2024-00340540 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00397536 |
| 31-12-2021 | micro format | 01-09-2022 | 2022-20408099 |
| 31-12-2020 | micro format | 27-12-2021 | 2021-81800235 |
| 31-12-2019 | micro format | 19-11-2020 | 2020-71100175 |
| 31-12-2018 | micro format | 02-10-2019 | 2019-68400180 |
Similar companies · same sector, comparable size
YKM TABACCO
BE 0549.841.332
Brussel · equity €411,556
SOFIYAN
BE 0664.793.557
Mouscron · equity €437,536
RENOMO
BE 0865.751.229
Tielt · equity €389,818
FUNCO
BE 0440.170.657
Rijkevorsel · equity €439,486
STAVOMA
BE 0427.466.627
Maaseik · equity €388,584
Of the 410 active companies whose main activity is retail trade (NACE 47260), figures are known for 258. 172 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.