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MIRAB'EAU

Active
Private limited companyfounded 20206 yrs activeReihagenstraat (BAA) 1, 9200 Dendermonde, BelgiumKBO/BCE: BE 0750.479.397
Summary

MIRAB'EAU has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273,236 and a net result of -€103. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 48% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability37▲+25
Solvency55▼-45
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.44; short-term debt: 70% and cash: 0.3% of total assets), and 70.3% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2122232425
2021 to 2025 · latest year -€103
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filings
Deviation from the deadline
2025
31 d late
2024
20 d early
2023
3 d early
2022
31 d early
2021
12 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

MIRAB'EAU was incorporated on 10 July 2020 as a Private limited company.1 Total assets fell from EUR 2.6 million in 2021 to EUR 918,655 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
€81,135
EBIT margin
16.3%
Net result
-€103▲ 99.6%
2024 · -€28,099
Working capital
-€360,240
2024 · €234,010
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
Turnover€81,135
Operating result-€8,963-€12,071€379▼ 96.9%-€27,728€13,262
Net result-€10,465-€11,430€474▼ 95.9%-€28,099-€103▲ 99.6%
EBIT margin16.3%
Equity€289,535-€300,964▲ 3.9%€301,438▲ 0.2%€273,339▼ 9.3%€273,236=
Total assets€2.6m-€7.5m▲ 190%€3.4m▼ 54.9%€274,692▼ 91.9%€918,655▲ 234%
Debt€2.3m-€7.2m▲ 214%€3.1m▼ 57.2%€1,353▼ 100.0%€645,419▲ 47,611%
Working capital€289,535-€300,964▲ 3.9%€301,438▲ 0.2%€234,010▼ 22.4%-€360,240
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
  • 2025 Total assets +234% on 2024. Cause not known from the registers.
  • 2024 Total assets -92% on 2023. Cause not known from the registers.
  • 2023 Total assets -55% on 2022. Cause not known from the registers.
  • 2022 Total assets +190% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2021: -€8,963-€8,963Net result 2021: -€10,465-€10,465Operating result 2022: €12,071€12,071Net result 2022: €11,430€11,430Operating result 2023: €379€379Net result 2023: €474€474Operating result 2024: -€27,728-€27,728Net result 2024: -€28,099-€28,099Operating result 2025: €13,262€13,262Net result 2025: -€103-€10320212022202320242025-€40,000-€20,000€0€20,000Operating result 2023: €379€379Net result 2023: €474€474Operating result 2024: -€27,728-€27,700Net result 2024: -€28,099-€28,100Operating result 2025: €13,262€13,300Net result 2025: -€103-€103202320242025
The operating result returns to profit in 2025: €13,262 after a loss of €27,728 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €918,655
Fixed assets €636,172 ▲ 1,518%
Current assets €282,483 ▲ 20.0%
Equity and liabilities €918,655
Equity €273,236 =
Debt €645,419 ▲ 47,611%
Debt's share of the balance-sheet total rises from 0.5% to 70.3%. Debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.44
Debt to equity
2.36▲
2024 · 0.00
ROE
0.0%▲
2024 · -10.3%
ROA
0.0%▲
2024 · -10.2%
Debt ≤ 1 year
€642,723▲
2024 · €1,353
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 745 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a small loss
1.2% went bankrupt
1.9% stopped otherwise
97% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 745 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€274,692€918,655▲
Fixed assets21/28€39,329€636,172▲
Tangible fixed assets22/27€39,329€636,172▲
Land and buildings22€39,329€436,172▲
Plant, machinery and equipment23-€200,000
Current assets29/58€235,363€282,483▲
Stocks and contracts in progress3€0-
Stocks30/36€0-
Contracts in progress37€0-
Amounts receivable within one year40/41€113,822€280,091▲
Trade receivables40€109,738€280,084▲
Other amounts receivable41€4,084€7▼
Cash at bank and in hand54/58€121,365€2,392▼
Deferred charges and accrued income490/1€176€0▼
Equity and liabilities
Total equity and liabilities10/49€274,692€918,655▲
Equity10/15€273,339€273,236=
Contributions10/11€300,000€300,000=
Profit (loss) carried forward14-€26,661-€26,764▼
Amounts payable17/49€1,353€645,419▲
Amounts payable within one year42/48€1,353€642,723▲
Trade debts44€1,353€2,610▲
Suppliers440/4€1,353€2,610▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45-€613
Taxes450/3-€613
Other amounts payable47/48-€639,500
Accrued charges and deferred income492/3-€2,697
Income statement Code20242025
Turnover70-€81,135
Goods, raw materials, services and sundry goods60/61-€67,691
Other operating charges640/8€169€182▲
Gross operating margin9900-€27,560€13,444▲
Operating profit (loss)9901-€27,728€13,262▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€371€13,365▲
Recurring financial charges65€371€13,365▲
Profit (loss) for the period before taxes9903-€28,099-€103▲
Income taxes67/77€0-
Profit (loss) for the period9904-€28,099-€103▲
Profit (loss) for the period to be appropriated9905-€28,099-€103▲
Appropriation of the result
Profit (loss) to be appropriated9906-€26,661-€26,764▼
Profit (loss) brought forward from the previous period14P€1,438-€26,661▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70----€81,135-
Goods, raw materials, services and sundry goods60/61----€67,691-
Remuneration, social security and pensions62€1€0----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,141€0----
Other operating charges640/8€227€160€170€169€182▲ 8.1%
Gross operating margin9900-€7,595€12,231€549-€27,560€13,444▲ 149%
Operating profit (loss)9901-€8,963€12,071€379-€27,728€13,262▲ 148%
Financial income75/76B-€0€688€0--
Recurring financial income75-€0€688€0--
Financial charges65/66B€1,502€406€297€371€13,365▲ 3,505%
Recurring financial charges65€1,502€406€297€371€13,365▲ 3,505%
Profit (loss) for the period before taxes9903-€10,465€11,666€771-€28,099-€103▲ 99.6%
Income taxes67/77-€236€297€0--
Profit (loss) for the period9904-€10,465€11,430€474-€28,099-€103▲ 99.6%
Profit (loss) for the period to be appropriated9905-€10,465€11,430€474-€28,099-€103▲ 99.6%
Line20212022202320242025Change
Assets
Total assets20/58€2.6m€7.5m€3.4m€274,692€918,655▲ 234%
Fixed assets21/28---€39,329€636,172▲ 1,518%
Tangible fixed assets22/27---€39,329€636,172▲ 1,518%
Land and buildings22---€39,329€436,172▲ 1,009%
Plant, machinery and equipment23----€200,000-
Current assets29/58€2.6m€7.5m€3.4m€235,363€282,483▲ 20.0%
Stocks and contracts in progress3€1.3m€6.4m€1.9m€0--
Stocks30/36€558,363€959,240€215,524€0--
Contracts in progress37€757,382€5.4m€1.7m€0--
Amounts receivable within one year40/41€523,286€139,131€512,773€113,822€280,091▲ 146%
Trade receivables40€523,286€134,090€505,448€109,738€280,084▲ 155%
Other amounts receivable41-€5,041€7,325€4,084€7▼ 99.8%
Cash at bank and in hand54/58€735,103€932,157€935,709€121,365€2,392▼ 98.0%
Deferred charges and accrued income490/1---€176€0▼ 100%
Equity and liabilities
Total equity and liabilities10/49€2.6m€7.5m€3.4m€274,692€918,655▲ 234%
Equity10/15€289,535€300,964€301,438€273,339€273,236=
Contributions10/11€300,000€300,000€300,000€300,000€300,000=
Profit (loss) carried forward14-€10,465€964€1,438-€26,661-€26,764▼ 0.4%
Amounts payable17/49€2.3m€7.2m€3.1m€1,353€645,419▲ 47,611%
Amounts payable within one year42/48€2.3m€7.2m€3.1m€1,353€642,723▲ 47,411%
Trade debts44€168,114€26,000€1.4m€1,353€2,610▲ 92.9%
Suppliers440/4€168,114€26,000€1.4m€1,353€2,610▲ 92.9%
Advances received on contracts in progress46€2.0m€7.0m€1.7m€0--
Taxes, remuneration and social security45€105,470€161,004€0-€613-
Taxes450/3€105,470€161,004€0-€613-
Other amounts payable47/48----€639,500-
Accrued charges and deferred income492/3----€2,697-
Line20212022202320242025Change
Profit (loss) for the period9904-€10,465€11,430€474-€28,099-€103▲ 99.6%
+ Depreciation and write-downs630€1,141€0----
Operating cash flow (approximation)-€9,325€11,430€474-€28,099-€103▲ 99.6%
Investment in fixed assets (approximation)-----€596,843-
Change in cash-€197,054€3,552-€814,344-€118,973▲ 85.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
11-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Weakest financial yearnet -€28,099
Net result drops to -€28,099, the lowest in the series; recovery starts the following year.
31-12
Financial Liquidity times 158current ratio 173.98
Current ratio from 1.10 to 173.98; short-term debt falls from €3.1m to €1,353.
28-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Back to profitnet €11,430
Net result €11,430 after one loss-making year.
19-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Dendermonde · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
586 m²
Building footprint
223 m²
Volume, LiDAR
1,275 m³
Parcel 42002C0450/00N002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MIRAB'EAU
Reihagenstraat (BAA) 1, 9200 DendermondeReal estate development
since 20202.304.983.779
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42002C0450/00N002 Flanders 585 m² 1 · 222 m² 9.2 m · 2 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.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 9,699 companies in sector 68121 we hold annual accounts for 7,385. 5,211 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
Founded10-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0750479397
Also 9925:BE0750479397
Registered 10-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.