MIERA
ActiveSummary
MIERA has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.25M and a net result of €275k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-1
Solvency74▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 3.38 against 3.95 in 2024; short-term debt: 16.3% and cash: 33.8% of total assets), but 51.2% of the assets are financed with debt.
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Signals
Four 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
48.8%
Return on assets
10.7%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
7 d late
2022
8 d late
2021
4 d early
2020
1 d early
2019
37 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.25M▲ 11.9%
2024 · €1.12M
Total assets
€2.56M▼ 4.8%
2024 · €2.69M
Net result
€275k▼ 13.1%
2024 · €316k
Working capital
€990k▼ 6.7%
2024 · €1.06M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€262k▲ 11.2%€293k▲ 11.8%€222k▼ 24.0%€488k▲ 119%€426k▼ 12.7%
Net result€211k▲ 45.0%€182k▼ 13.6%€132k▼ 27.7%€316k▲ 140%€275k▼ 13.1%
Equity€562k▲ 49.3%€709k▲ 26.1%€799k▲ 12.6%€1.12M▲ 39.6%€1.25M▲ 11.9%
Total assets€2.05M▲ 53.5%€2.19M▲ 6.7%€2.56M▲ 16.7%€2.69M▲ 5.3%€2.56M▼ 4.8%
Debt€1.49M▲ 55.1%€1.48M▼ 0.6%€1.76M▲ 18.7%€1.58M▼ 10.3%€1.31M▼ 16.7%
Working capital€471k▼ 24.6%€766k▲ 62.7%€822k▲ 7.3%€1.06M▲ 29.2%€990k▼ 6.7%
Staff (FTE)16.2▼ 3.6%16.6▲ 2.5%16.3▼ 1.8%15.5▼ 4.9%13.6▼ 12.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.56M
Fixed assets
€1.15M ▼ 9.1%
Current assets
€1.41M ▼ 1.0%
Equity and liabilities €2.56M
Equity
€1.25M ▲ 11.9%
Debt
€1.31M ▼ 16.7%
Debt's share of the balance-sheet total falls from 58.6% to 51.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€574k▼
2024 · €630k
Cash flow
€423k▼
2024 · €458k
Current ratio
3.38▼
2024 · 3.95
Quick ratio
2.47▼
2024 · 2.79
Debt to equity
1.05▼
2024 · 1.41
ROE
22.0%▼
2024 · 28.4%
ROA
10.7%▼
2024 · 11.8%
Interest coverage
16.32▲
2024 · 16.28
Debt ≤ 1 year
€417k▲
2024 · €360k
Debt > 1 year
€896k▼
2024 · €1.22M
Income taxes
€123k▼
2024 · €138k
Staff costs
€634k▼
2024 · €701k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €619k | €716k | €701k | €634k | ▼ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80k | €182k | €238k | €142k | €148k | ▲ 4.3% |
| Other operating charges640/8 | - | €7k | €6k | €6k | €7k | ▲ 8.3% |
| Gross operating margin9900 | €956k | €1.10M | €1.18M | €1.34M | €1.21M | ▼ 9.2% |
| Operating profit (loss)9901 | €262k | €293k | €222k | €488k | €426k | ▼ 12.7% |
| Financial income75/76B | - | €490 | €1k | €5k | €7k | ▲ 27.5% |
| Recurring financial income75 | €20k | €490 | €1k | €5k | €7k | ▲ 27.5% |
| Financial charges65/66B | - | €32k | €34k | €39k | €35k | ▼ 9.1% |
| Recurring financial charges65 | €44k | €32k | €34k | €39k | €35k | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €238k | €261k | €190k | €455k | €398k | ▼ 12.6% |
| Income taxes67/77 | €27k | €79k | €58k | €138k | €123k | ▼ 11.2% |
| Profit (loss) for the period9904 | €211k | €182k | €132k | €316k | €275k | ▼ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €211k | €182k | €132k | €316k | €275k | ▼ 13.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.05M | €2.19M | €2.56M | €2.69M | €2.56M | ▼ 4.8% |
| Fixed assets21/28 | €1.15M | €1.04M | €1.36M | €1.27M | €1.15M | ▼ 9.1% |
| Tangible fixed assets22/27 | €1.15M | €1.04M | €1.36M | €1.27M | €1.15M | ▼ 9.0% |
| Land and buildings22 | - | €142k | €627k | €627k | €627k | = |
| Plant, machinery and equipment23 | - | €713k | €566k | €494k | €393k | ▼ 20.4% |
| Furniture and vehicles24 | - | €5k | €4k | €3k | €13k | ▲ 321% |
| Other tangible fixed assets26 | - | €178k | €164k | €146k | €122k | ▼ 16.1% |
| Financial fixed assets28 | €965 | €965 | €965 | €965 | €38 | ▼ 96.1% |
| Current assets29/58 | €898k | €1.15M | €1.19M | €1.42M | €1.41M | ▼ 1.0% |
| Stocks and contracts in progress3 | €375k | €383k | €415k | €418k | €377k | ▼ 9.8% |
| Stocks30/36 | - | €383k | €415k | €418k | €377k | ▼ 9.8% |
| Amounts receivable within one year40/41 | €311k | €267k | €203k | €442k | €149k | ▼ 66.3% |
| Trade receivables40 | - | €253k | €178k | €400k | €95k | ▼ 76.2% |
| Other amounts receivable41 | - | €14k | €25k | €43k | €54k | ▲ 26.9% |
| Current investments50/53 | €100k | €350k | €400k | €455k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €102k | €143k | €168k | €98k | €866k | ▲ 780% |
| Deferred charges and accrued income490/1 | - | €6k | €7k | €8k | €14k | ▲ 87.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.05M | €2.19M | €2.56M | €2.69M | €2.56M | ▼ 4.8% |
| Equity10/15 | €562k | €709k | €799k | €1.12M | €1.25M | ▲ 11.9% |
| Contributions10/11 | - | €40k | €40k | €40k | €40k | = |
| Reserves13 | €522k | €669k | €759k | €1.08M | €1.21M | ▲ 12.4% |
| Distributable reserves133 | - | €669k | €759k | €1.08M | €1.21M | ▲ 12.4% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €1.49M | €1.48M | €1.76M | €1.58M | €1.31M | ▼ 16.7% |
| Amounts payable after more than one year17 | €1.06M | €1.10M | €1.38M | €1.22M | €896k | ▼ 26.3% |
| Financial debts170/4 | - | €505k | €670k | €577k | €482k | ▼ 16.4% |
| Trade debts175 | - | €591k | €714k | €640k | €414k | ▼ 35.2% |
| Amounts payable within one year42/48 | €427k | €384k | €372k | €360k | €417k | ▲ 15.8% |
| Current portion of amounts payable after more than one year42 | - | €98k | €178k | €128k | €95k | ▼ 25.7% |
| Financial debts43 | - | €183 | - | - | - | - |
| Credit institutions430/8 | - | €183 | - | - | - | - |
| Trade debts44 | €184k | €189k | €103k | €112k | €93k | ▼ 17.1% |
| Suppliers440/4 | - | €189k | €103k | €112k | €93k | ▼ 17.1% |
| Advances received on contracts in progress46 | - | €1k | - | €2k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €65k | €83k | €118k | €87k | ▼ 26.3% |
| Taxes450/3 | - | - | - | €41k | €4k | ▼ 90.9% |
| Remuneration and social security454/9 | - | €65k | €83k | €77k | €83k | ▲ 7.8% |
| Other amounts payable47/48 | - | €30k | €8k | - | €142k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €211k | €182k | €132k | €316k | €275k | ▼ 13.1% |
| + Depreciation and write-downs630 | €80k | €182k | €238k | €142k | €148k | ▲ 4.3% |
| Operating cash flow (approximation) | €291k | €365k | €369k | €458k | €423k | ▼ 7.7% |
| Investment in fixed assets (approximation) | - | €-69k | €-560k | €-50k | €-32k | ▲ 35.2% |
| Change in cash | - | €41k | €25k | €-69k | €767k | ▲ 1,204% |
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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2024
26-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
31-03
Financial
Highest result since 2019net €316k ▲140%
Operating result €488k, net result €316k, both a record.
31-03
Financial
Equity above €1MEq €1.12M ▲39.6%
6 profitable years in a row build equity to €1.12M.
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
31-03
Financial
Weakest financial yearnet €132k ▼27.7%
Net result drops to €132k, the lowest in the series; recovery starts the following year.
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 8 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Financial
Equity above €500kEq €562k ▲49.3%
3 profitable years in a row build equity to €562k.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
07-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 7 days late
2017
20-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Kalmthout · 1 establishment unit since 2010
Ground area
4,609 m²
Building footprint
871 m²
Volume, LiDAR
3,611 m³
Parcel 11022F0006/00R020, Flanders · tallest building 6.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Carrefour Market
since 20102.192.915.622
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11022F0006/00R020 | Flanders | 4,609 m² | 1 · 871 m² | 6.0 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 375 EUR awarded · 375 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 375 EUR | 375 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKalmthout2.192.915.622
Dual-learning approval
3 live approvalsOnthaal, organisatie en sales duaal (so)
Winkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 10,506 companies in sector 47110 we hold annual accounts for 5,848. 2,009 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
Founded25-10-2010
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47621Retail sale of newspapers and periodicals
Scores and ratios are computed by Checked and are not a credit decision.