MIARELLI
ActiveSummary
The computed 12-month bankruptcy probability of MIARELLI is 3.8% (moderate). The 2025 annual accounts show equity of €50,611 and a net result of €53,041. Equity is growing by ~46.4% per year across the filed fiscal years. Its solvency ranks better than 44% of 13604 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+33
Solvency49▼-4
Growth78=
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.36 in 2024; short-term debt: 74.9% and cash: 78.8% of total assets), and 76.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
23.9%
Return on assets
25.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
45 d late
2023
30 d late
2022
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 August (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€50,611▲ 12.9%
2024 · €44,836
Total assets
€211,543▲ 33.8%
2024 · €158,067
Net result
€53,041▲ 185%
2024 · €18,636
Working capital
€14,269▼ 63.5%
2024 · €39,123
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€1,219-€20,803€24,559▲ 18.1%€59,288▲ 141%
Net result-€2,403within the sector's middle half-€18,603within the sector's middle half€18,636within the sector's middle half▲ 0.2%€53,041above the sector's middle half▲ 185%
Equity€7,597within the sector's middle half-€26,200within the sector's middle half▲ 245%€44,836within the sector's middle half▲ 71.1%€50,611within the sector's middle half▲ 12.9%
Total assets€63,361within the sector's middle half-€118,430within the sector's middle half▲ 86.9%€158,067within the sector's middle half▲ 33.5%€211,543within the sector's middle half▲ 33.8%
Debt€55,764-€92,229▲ 65.4%€113,231▲ 22.8%€160,932▲ 42.1%
Working capital-€13,323within the sector's middle half-€5,557within the sector's middle half€39,123within the sector's middle half▲ 604%€14,269within the sector's middle half▼ 63.5%
Solvency12.0%within the sector's middle half-22.1%within the sector's middle half▲ 10.1pp28.4%within the sector's middle half▲ 6.2pp23.9%within the sector's middle half▼ 4.4pp
Current ratio0.64within the sector's middle half-1.07within the sector's middle half▲ 0.431.36within the sector's middle half▲ 0.301.09within the sector's middle half▼ 0.27
Return on assets (ROA)-3.8%within the sector's middle half-15.7%above the sector's middle half▲ 19.5pp11.8%within the sector's middle half▼ 3.9pp25.1%above the sector's middle half▲ 13.3pp
Staff (FTE)2.3-5.1▲ 122%5.6▲ 9.8%1▼ 82.1%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 141% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €211,246
Fixed assets
€38,623 ▲ 257%
Current assets
€172,622 ▲ 17.7%
Equity and liabilities €211,543
Equity
€50,611 ▲ 12.9%
Debt
€160,932 ▲ 42.1%
Debt's share of the balance-sheet total rises from 71.6% to 76.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,791▲
2024 · €31,996
Cash flow
€67,544▲
2024 · €26,073
Quick ratio
1.07▼
2024 · 1.23
Debt to equity
3.18▲
2024 · 2.53
ROE
104.8%▲
2024 · 41.6%
Interest coverage
34.04▲
2024 · -68.80
Debt ≤ 1 year
€158,353▲
2024 · €107,568
Debt > 1 year
€2,579▼
2024 · €5,663
Income taxes
€4,079▼
2024 · €6,456
Staff costs
€51,337▼
2024 · €61,299
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
3.1%
went bankrupt
1.6%
stopped otherwise
94%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €489 | - | - | - |
| Remuneration, social security and pensions62 | €49,654 | €63,060 | €61,299 | €51,337 | ▼ 16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,409 | €9,431 | €7,436 | €14,503 | ▲ 95.0% |
| Other operating charges640/8 | €2,938 | €1,785 | €3,086 | €8,798 | ▲ 185% |
| Non-recurring operating charges66A | €1,075 | - | €14,284 | €199 | ▼ 98.6% |
| Gross operating margin9900 | €58,856 | €95,079 | €110,665 | €134,125 | ▲ 21.2% |
| Operating profit (loss)9901 | -€1,219 | €20,803 | €24,559 | €59,288 | ▲ 141% |
| Financial income75/76B | €2 | €44 | €68 | - | - |
| Recurring financial income75 | €2 | €44 | €68 | - | - |
| Financial charges65/66B | €1,185 | €913 | -€465 | €2,168 | ▲ 566% |
| Recurring financial charges65 | €1,185 | €913 | -€465 | €2,168 | ▲ 566% |
| Profit (loss) for the period before taxes9903 | -€2,403 | €19,934 | €25,092 | €57,120 | ▲ 128% |
| Income taxes67/77 | - | €1,332 | €6,456 | €4,079 | ▼ 36.8% |
| Profit (loss) for the period9904 | -€2,403 | €18,603 | €18,636 | €53,041 | ▲ 185% |
| Profit (loss) for the period to be appropriated9905 | -€2,403 | €18,603 | €18,636 | €53,041 | ▲ 185% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €63,361 | €118,430 | €158,067 | €211,543 | ▲ 33.8% |
| Formation expenses20 | €1,123 | €848 | €573 | €298 | ▼ 48.0% |
| Fixed assets21/28 | €38,531 | €30,562 | €10,804 | €38,623 | ▲ 257% |
| Tangible fixed assets22/27 | €37,991 | €30,022 | €10,624 | €38,443 | ▲ 262% |
| Plant, machinery and equipment23 | €23,488 | €17,785 | €10,624 | €17,637 | ▲ 66.0% |
| Furniture and vehicles24 | €4,825 | €3,876 | - | €20,807 | - |
| Other tangible fixed assets26 | €9,678 | €8,361 | - | - | - |
| Financial fixed assets28 | €540 | €540 | €180 | €180 | = |
| Current assets29/58 | €23,707 | €87,020 | €146,691 | €172,622 | ▲ 17.7% |
| Stocks and contracts in progress3 | €14,505 | €23,687 | €14,312 | €2,441 | ▼ 82.9% |
| Stocks30/36 | €14,505 | €23,687 | €14,312 | €2,441 | ▼ 82.9% |
| Amounts receivable within one year40/41 | €678 | €1,419 | €875 | €3,572 | ▲ 308% |
| Trade receivables40 | €219 | €1,419 | €875 | €3,332 | ▲ 281% |
| Other amounts receivable41 | €458 | - | - | €240 | - |
| Cash at bank and in hand54/58 | €8,525 | €58,410 | €131,504 | €166,609 | ▲ 26.7% |
| Deferred charges and accrued income490/1 | - | €3,504 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €63,361 | €118,430 | €158,067 | €211,543 | ▲ 33.8% |
| Equity10/15 | €7,597 | €26,200 | €44,836 | €50,611 | ▲ 12.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | €1,000 | €1,000 | €1,000 | = |
| Non-distributable reserves130/1 | - | €1,000 | €1,000 | €1,000 | = |
| Reserves not available under the articles1311 | - | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | -€2,403 | €15,200 | €33,836 | €39,611 | ▲ 17.1% |
| Amounts payable17/49 | €55,764 | €92,229 | €113,231 | €160,932 | ▲ 42.1% |
| Amounts payable after more than one year17 | €18,733 | €10,767 | €5,663 | €2,579 | ▼ 54.5% |
| Financial debts170/4 | €18,733 | €10,767 | €5,663 | €2,579 | ▼ 54.5% |
| Amounts payable within one year42/48 | €37,031 | €81,463 | €107,568 | €158,353 | ▲ 47.2% |
| Current portion of amounts payable after more than one year42 | €9,861 | €7,966 | €5,104 | €13,209 | ▲ 159% |
| Trade debts44 | €11,536 | €44,977 | €28,289 | €39,365 | ▲ 39.2% |
| Suppliers440/4 | €11,536 | €44,977 | €28,289 | €39,365 | ▲ 39.2% |
| Taxes, remuneration and social security45 | €12,837 | €27,723 | €70,626 | €74,895 | ▲ 6.0% |
| Taxes450/3 | €5,430 | €13,292 | €22,919 | €42,158 | ▲ 83.9% |
| Remuneration and social security454/9 | €7,406 | €14,431 | €47,707 | €32,737 | ▼ 31.4% |
| Other amounts payable47/48 | €2,796 | €796 | €3,548 | €30,885 | ▲ 770% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,403 | €18,603 | €18,636 | €53,041 | ▲ 185% |
| + Depreciation and write-downs630 | €6,409 | €9,431 | €7,436 | €14,503 | ▲ 95.0% |
| Operating cash flow (approximation) | €4,006 | €28,034 | €26,073 | €67,544 | ▲ 159% |
| Investment in fixed assets (approximation) | - | -€1,463 | €12,322 | -€42,323 | ▼ 443% |
| Change in cash | - | €49,886 | €73,093 | €35,106 | ▼ 52.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €53,041 ▲185%
Operating result €59,288, net result €53,041, both a record.
14-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 45 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €18,603
Net result €18,603 after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ciney · 1 establishment unit since 2022
Ground area
346 m²
Building footprint
58 m²
Parcel 91030C0660/00V000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MIARELLI
since 20222.326.182.932
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91030C0660/00V000 | Wallonia | 346 m² | 1 · 58 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 9,826 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56210Event catering
Contact
E-mail
emilie.heck@hotmail.com
Phone
+32474592731
E-invoicing
Reachable via Peppol
Peppol ID
0208:0778903070
Registered
16-05-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.