From the official registers: KBO 39 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MIERIC has a registered holding activity and consists mainly of financial fixed assets. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €41.1m and a net result of €2.2m. Equity has been stable since 2018 (±1.2% per year). Its solvency ranks better than 89% of 3,861 sector peers (NACE 70, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
In the rankings
#3 company by total assets in Temse, Professional and technical services sector#3 company by equity in Temse, Professional and technical services sector#7 oldest company in Temse, Professional and technical services sector
Latest annual accounts filed
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 08-07-2026
- Format
- full format
- Reference
- 2026-00276876
Amounts without an identifiable currency are taken as euros.
Turnover
€1.7m▼ 22.5%
2024 · €2.3m
EBIT margin
47.3%▼ 4.4pp
2024 · 51.7%
Net result
€2.2m▼ 25.1%
2024 · €3.0m
Working capital
€2.7m▼ 31.1%
2024 · €3.9m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 29% lower than in 2024. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Turnover€1.7m
2025
Operating result€0.8m
2025
Net result€2.2m
2025
Assets, equity and debt per financial year.
Total assets€43.2m
2025
Equity€41.1m
2025
Debt€2.1m
2025
Above zero, the company can pay its short-term debts with what it holds in the short term.
Working capital€2.7m
2025
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
EBIT margin47.3%
2025
Return on assets (ROA)5.2%
2025
The higher the solvency, the better the company absorbs a setback.
Solvency95.3%
2025
A ratio above 1 means the short-term assets cover the short-term debts.
Current ratio2.83
2025
Average staff per financial year, in full-time equivalents (FTE).
Staff (FTE)1.8
2025
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€1.6m-€1.6m=€1.0m▼ 32.8%€1.1m▲ 6.3%€1.3m▲ 16.3%€1.8m▲ 41.1%€2.3m▲ 23.3%€1.7m▼ 22.5%
Operating result€0.7m-€0.8m▲ 15.1%€0.5m▼ 36.1%€0.6m▲ 8.8%€0.6m▲ 6.7%€1.9m▲ 215%€1.2m▼ 38.2%€0.8m▼ 29.1%
Net result€1.5m-€2.2m▲ 46.3%€0.4mabove the sector's middle half▼ 82.8%€0.5mabove the sector's middle half▲ 38.8%€4.1mabove the sector's middle half▲ 694%€3.7mabove the sector's middle half▼ 10.6%€3.0mabove the sector's middle half▼ 18.3%€2.2mabove the sector's middle half▼ 25.1%
EBIT margin44.9%-51.7%▲ 6.8pp49.2%▼ 2.6pp50.3%▲ 1.2pp46.2%▼ 4.2pp103.2%▲ 57.0pp51.7%▼ 51.5pp47.3%▼ 4.4pp
Equity€43.6m-€45.7m▲ 4.9%€44.7mabove the sector's middle half▼ 2.3%€40.2mabove the sector's middle half▼ 10.0%€42.3mabove the sector's middle half▲ 5.2%€42.9mabove the sector's middle half▲ 1.6%€42.4mabove the sector's middle half▼ 1.2%€41.1mabove the sector's middle half▼ 3.0%
Total assets€45.5m-€46.4m▲ 2.1%€45.5mabove the sector's middle half▼ 1.9%€45.8mabove the sector's middle half▲ 0.7%€45.1mabove the sector's middle half▼ 1.7%€44.8mabove the sector's middle half▼ 0.5%€43.3mabove the sector's middle half▼ 3.4%€43.2mabove the sector's middle half▼ 0.2%
Debt€1.9m-€0.7m▼ 63.1%€0.9m▲ 22.0%€5.7m▲ 566%€2.8m▼ 50.4%€1.9m▼ 32.1%€0.9m▼ 53.5%€2.1m▲ 131%
Working capital€7.9m-€10.1m▲ 27.7%€9.1mabove the sector's middle half▼ 10.0%€4.1mabove the sector's middle half▼ 54.8%€3.7mabove the sector's middle half▼ 9.8%€4.4mabove the sector's middle half▲ 20.3%€3.9mabove the sector's middle half▼ 11.5%€2.7mabove the sector's middle half▼ 31.1%
Solvency95.8%-98.5%▲ 2.7pp98.1%above the sector's middle half▼ 0.4pp87.6%above the sector's middle half▼ 10.5pp93.8%above the sector's middle half▲ 6.1pp95.7%above the sector's middle half▲ 2.0pp98.0%above the sector's middle half▲ 2.2pp95.3%above the sector's middle half▼ 2.7pp
Current ratio7.20-80.96▲ 73.7631.30above the sector's middle half▼ 49.661.80within the sector's middle half▼ 29.502.64within the sector's middle half▲ 0.844.36above the sector's middle half▲ 1.7213.85above the sector's middle half▲ 9.492.83within the sector's middle half▼ 11.02
Return on assets (ROA)3.2%-4.6%▲ 1.4pp0.8%within the sector's middle half▼ 3.8pp1.1%within the sector's middle half▲ 0.3pp9.1%within the sector's middle half▲ 8.0pp8.2%within the sector's middle half▼ 0.9pp6.9%within the sector's middle half▼ 1.3pp5.2%within the sector's middle half▼ 1.7pp
Staff (FTE)5.3-4.8▼ 9.4%4.5within the sector's middle half▼ 6.3%4.3within the sector's middle half▼ 4.4%3.9within the sector's middle half▼ 9.3%2.3within the sector's middle half▼ 41.0%2.8within the sector's middle half▲ 21.7%1.8within the sector's middle half▼ 35.7%
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43.2m
Fixed assets
€39.0m ▼ 0.1%
Current assets
€4.2m ▼ 1.1%
Equity and liabilities €43.2m
Equity
€41.1m ▼ 3.0%
Debt
€2.1m ▲ 131%
Debt's share of the balance-sheet total rises from 2.0% to 4.7%. Equity is lower and debt is higher.
Key figures and ratios
ROE
5.4%▼
2024 · 7.0%
Debt ≤ 1 year
€1.5m▲
2024 · €306,280
Debt > 1 year
€513,000=
2024 · €513,000
Income taxes
€243,581▼
2024 · €328,409
Staff costs
€136,668▼
2024 · €150,319
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 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €1.2m | €1.3m | €3.1m | €2.3m | €1.7m | ▼ 22.5% |
| Turnover70 | €1.6m | €1.6m | €1.0m | €1.1m | €1.3m | €1.8m | €2.3m | €1.7m | ▼ 22.5% |
| Other operating income74 | - | - | - | €0.09m | €0.05m | €0.008m | €237 | €482 | ▲ 103% |
| Non-recurring operating income76A | - | - | - | - | - | €1.2m | €0 | - | - |
| Operating charges60/66A | - | - | - | €0.6m | €0.7m | €1.2m | €1.1m | €0.9m | ▼ 15.5% |
| Services and other goods61 | - | - | - | €0.2m | €0.3m | €1.0m | €0.9m | €0.8m | ▼ 16.6% |
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.4m | €0.2m | €0.2m | €0.1m | ▼ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.09m | €0.08m | €0.07m | €0.06m | €0.04m | €0 | - | - | - |
| Other operating charges640/8 | - | - | - | €0.009m | €0.01m | €0.006m | €0.003m | €0.003m | ▲ 6.0% |
| Non-recurring operating charges66A | - | - | - | - | €0.002m | €0.02m | €0 | - | - |
| Operating profit (loss)9901 | €0.7m | €0.8m | €0.5m | €0.6m | €0.6m | €1.9m | €1.2m | €0.8m | ▼ 29.1% |
| Financial income75/76B | - | - | - | €0.2m | €4.2m | €2.2m | €2.2m | €1.7m | ▼ 22.6% |
| Recurring financial income75 | €1.2m | €1.8m | €0.07m | €0.2m | €4.2m | €2.2m | €2.2m | €1.7m | ▼ 22.6% |
| Income from financial fixed assets750 | - | - | - | - | €4.0m | €2.0m | €2.0m | €1.5m | ▼ 25.0% |
| Income from current assets751 | - | - | - | €0.01m | €0.02m | €0.1m | €0.07m | €0.05m | ▼ 33.8% |
| Other financial income752/9 | - | - | - | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 22.7% |
| Financial charges65/66B | - | - | - | €0.03m | €0.7m | -€0.07m | €0.04m | €0.04m | ▲ 2.1% |
| Recurring financial charges65 | €0.2m | €0.1m | €0.08m | €0.03m | €0.7m | -€0.07m | €0.04m | €0.04m | ▲ 2.1% |
| Debt charges650 | €0.04m | €0.04m | €0.02m | €0.02m | €0.03m | €0.04m | €0.05m | €0.04m | ▼ 13.8% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | - | - | - | €0.6m | -€0.1m | -€0.008m | €0 | - |
| Other financial charges652/9 | - | - | - | €0.004m | €0.007m | €0.001m | €0.001m | €0.001m | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €1.7m | €2.5m | €0.5m | €0.7m | €4.2m | €4.2m | €3.3m | €2.5m | ▼ 25.2% |
| Income taxes67/77 | €0.2m | €0.3m | €0.1m | €0.2m | €0.07m | €0.5m | €0.3m | €0.2m | ▼ 25.8% |
| Taxes670/3 | - | - | - | €0.2m | €0.07m | €0.5m | €0.3m | €0.2m | ▼ 25.8% |
| Profit (loss) for the period9904 | €1.5m | €2.2m | €0.4m | €0.5m | €4.1m | €3.7m | €3.0m | €2.2m | ▼ 25.1% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €0.6m | €0 | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.5m | €1.6m | €0.4m | €0.5m | €4.1m | €4.3m | €3.0m | €2.2m | ▼ 25.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €45.5m | €46.4m | €45.5m | €45.8m | €45.1m | €44.8m | €43.3m | €43.2m | ▼ 0.2% |
| Formation expenses20 | - | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €36.3m | €36.2m | €36.1m | €36.6m | €39.1m | €39.1m | €39.1m | €39.0m | ▼ 0.1% |
| Intangible fixed assets21 | - | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.5m | €0.5m | €0.4m | €0.3m | €0.3m | €0.02m | €0.02m | €0.02m | = |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.02m | €0.02m | €0.02m | = |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €229 | €80 | €0 | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.03m | €0.03m | €0 | - | - | - |
| Financial fixed assets28 | €35.7m | €35.7m | €35.7m | €36.3m | €38.8m | €39.0m | €39.0m | €39.0m | ▼ 0.1% |
| Affiliated companies280/1 | - | - | - | €35.7m | €36.7m | €36.7m | €36.7m | €36.5m | ▼ 0.7% |
| Participating interests280 | - | - | - | €35.7m | €35.7m | €35.7m | €35.7m | €35.7m | = |
| Amounts receivable281 | - | - | - | - | €1.0m | €1.0m | €1.0m | €0.8m | ▼ 25.0% |
| Companies linked by participating interests282/3 | - | - | - | €0.5m | €2.1m | €2.3m | €2.3m | €2.5m | ▲ 8.7% |
| Participating interests282 | - | - | - | €0.5m | €0.5m | €0.7m | €0.7m | €0.7m | = |
| Amounts receivable283 | - | - | - | - | €1.5m | €1.6m | €1.6m | €1.8m | ▲ 12.5% |
| Current assets29/58 | €9.2m | €10.2m | €9.4m | €9.2m | €6.0m | €5.8m | €4.2m | €4.2m | ▼ 1.1% |
| Amounts receivable after more than one year29 | - | - | - | €4.0m | €0.8m | €2.2m | €1.3m | €0.8m | ▼ 38.5% |
| Other amounts receivable291 | - | - | - | €4.0m | €0.8m | €2.2m | €1.3m | €0.8m | ▼ 38.5% |
| Stocks and contracts in progress3 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.5m | €0.3m | €0.5m | €0.4m | €0.4m | €0.7m | €0.6m | €0.7m | ▲ 18.9% |
| Trade receivables40 | - | - | - | €0.2m | €0.3m | €0.5m | €0.6m | €0.7m | ▲ 18.9% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.1m | €0.3m | €0 | - | - |
| Current investments50/53 | €2.8m | - | - | €1.0m | €0.9m | €2.0m | €1.0m | €0.9m | ▼ 13.6% |
| Other investments51/53 | - | - | - | €1.0m | €0.9m | €2.0m | €1.0m | €0.9m | ▼ 13.6% |
| Cash at bank and in hand54/58 | €2.5m | €6.8m | €5.0m | €3.9m | €3.8m | €0.8m | €1.3m | €1.8m | ▲ 36.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.001m | €0.03m | €0.004m | €0.001m | ▼ 85.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €45.5m | €46.4m | €45.5m | €45.8m | €45.1m | €44.8m | €43.3m | €43.2m | ▼ 0.2% |
| Equity10/15 | €43.6m | €45.7m | €44.7m | €40.2m | €42.3m | €42.9m | €42.4m | €41.1m | ▼ 3.0% |
| Contributions10/11 | €20.6m | €20.6m | €20.6m | €20.6m | €20.6m | €20.6m | €19.1m | €15.6m | ▼ 18.3% |
| Capital10 | - | - | - | €20.6m | €20.6m | €20.6m | €19.1m | €15.6m | ▼ 18.3% |
| Issued capital100 | - | - | - | €20.6m | €20.6m | €20.6m | €19.1m | €15.6m | ▼ 18.3% |
| Reserves13 | €1.7m | €2.3m | €2.3m | €2.4m | €2.6m | €22.3m | €23.3m | €25.5m | ▲ 9.6% |
| Non-distributable reserves130/1 | - | - | - | €1.8m | €2.0m | €2.1m | €2.1m | €2.1m | = |
| Legal reserve130 | - | - | - | €1.8m | €2.0m | €2.1m | €2.1m | €2.1m | = |
| Tax-exempt reserves132 | - | - | - | €0.6m | €0.6m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €20.2m | €21.2m | €23.5m | ▲ 10.5% |
| Profit (loss) carried forward14 | €21.3m | €22.8m | €21.7m | €17.2m | €19.1m | €0 | - | - | - |
| Amounts payable17/49 | €1.9m | €0.7m | €0.9m | €5.7m | €2.8m | €1.9m | €0.9m | €2.1m | ▲ 131% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Other amounts payable178/9 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | = |
| Amounts payable within one year42/48 | €1.3m | €0.1m | €0.3m | €5.1m | €2.3m | €1.3m | €0.3m | €1.5m | ▲ 384% |
| Trade debts44 | €0.08m | €0.04m | €0.02m | €0.06m | €0.07m | €0.2m | €0.09m | €0.05m | ▼ 46.3% |
| Suppliers440/4 | - | - | - | €0.06m | €0.07m | €0.2m | €0.09m | €0.05m | ▼ 46.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.05m | €0.02m | €0.1m | €0.1m | ▼ 12.1% |
| Taxes450/3 | - | - | - | €0.02m | €0.02m | €0.001m | €0.1m | €0.09m | ▼ 12.3% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.03m | €0.01m | €0.02m | €0.02m | ▼ 11.1% |
| Other amounts payable47/48 | - | - | - | €5.0m | €2.1m | €1.1m | €0.1m | €1.3m | ▲ 14× |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.04m | €0.07m | €0.07m | €0.06m | ▼ 15.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.5m | €2.2m | €0.4m | €0.5m | €4.1m | €3.7m | €3.0m | €2.2m | ▼ 25.1% |
| + Depreciation and write-downs630 | €0.09m | €0.08m | €0.07m | €0.06m | €0.04m | €0 | - | - | - |
| Operating cash flow (approximation) | €1.6m | €2.2m | €0.4m | €0.6m | €4.1m | €3.7m | €3.0m | €2.2m | ▼ 25.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0.5m | -€2.5m | €0.06m | €0 | €0.05m | - |
| Change in cash | - | €4.3m | -€1.8m | -€1.2m | -€0.01m | -€3.0m | €0.5m | €0.5m | ▼ 3.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 39 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 08-07-2026 | 2026-00276876 | NBB |
| 31-12-2024 | full format | 24-06-2025 | 2025-00184612 | |
| 31-12-2023 | full format | 08-07-2024 | 2024-00225005 | |
| 31-12-2022 | full format | 17-07-2023 | 2023-00244012 | |
| 31-12-2021 | full format | 12-07-2022 | 2022-20174630 | |
| 31-12-2020 | full format | 16-07-2021 | 2021-35900189 | |
| 31-12-2019 | full format | 29-06-2020 | 2020-22300319 | |
| 31-12-2018 | full format | 18-06-2019 | 2019-19600504 | |
| 31-12-2017 | full format | 06-07-2018 | 2018-30700195 | |
| 31-12-2016 | full format | 23-06-2017 | 2017-21400532 |
Comparable companies
These companies have the same main activity as MIERIC: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €22m and €77m, founded between 1979 and 1992.
| Company | Founded | Total assets | Equity | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| MIERIC Temse | 1987 | €43.2m | €41.1m | €1.7m | €2.2m | 1.8 | 2025 |
| BWW INVEST Heusden-Zolder | 1989 | €36.9m | €32.5m | €1.3m | €0.7m | 1.9 | 2025 |
| DEN HOED Kalmthout | 1991 | €56.2m | €36.9m | €1.7m | €3.3m | 3 | 2025 |
| DE ARMOEDE Roeselare | 1992 | €23.7m | €22.0m | €1.6m | €1.3m | 1.4 | 2025 |
| HOSPEX Leuven | 1989 | €76.8m | €8.2m | €2.5m | €0.05m | 1 | 2025 |
| PAUWELS ENGINEERING Antwerpen | 1979 | €22.4m | €15.0m | €2.2m | €0.5m | 1 | 2026 |
| FIN - COL Wevelgem | 1989 | €22.4m | €0.7m | €1.3m | -€2.6m | 3.7 | 2025 |
They were chosen from the 3,691 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.