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MIRAGUL

Active
Private limited companyfounded 20197 yrs activeWijnheuvelenstraat 92 A, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0718.998.543
Summary

The computed 12-month bankruptcy probability of MIRAGUL is 3.0% (moderate). The 2024 annual accounts show equity of €47,664 and a net result of €22,289. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 88% of 26038 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
MIRAGULActiveChecked score 81/100
Risk analysis ReportCompare

Checked score

Score 2024
81 / 100
Excellent
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+64
Solvency100▲+29
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 5.07 against 1.67 in 2023; short-term debt: 18.9% and cash: 54.2% of total assets), and 18.9% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+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 7 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
9 d early
2023
9 d late
2022
22 d late
2021
68 d late
2020
27 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 25 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (1)
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

On 22 January 2019, MIRAGUL was incorporated.1 Total assets went from EUR 10,125 in 2019 to EUR 58,753 in 2024 and headcount from 1 full-time equivalents in 2021 to 1 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019, 2021 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€47,664▲ 87.8%
2023 · €25,375
Total assets
€58,753▲ 5.6%
2023 · €55,620
Net result
€22,289▲ 6,068%
2023 · €361
Working capital
€45,098▲ 124%
2023 · €20,151
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable unfavourable
Line20202021202220232024
Operating result€7,478▲ 133%€3,193▼ 57.3%€4,478▲ 40.2%€5,337▲ 19.2%€32,070▲ 501%
Net result€5,790within the sector's middle half▲ 185%€1,227within the sector's middle half▼ 78.8%€767within the sector's middle half▼ 37.4%€361within the sector's middle half▼ 52.9%€22,289above the sector's middle half▲ 6,068%
Equity€23,020within the sector's middle half▲ 180%€24,247within the sector's middle half▲ 5.3%€25,014within the sector's middle half▲ 3.2%€25,375within the sector's middle half▲ 1.4%€47,664within the sector's middle half▲ 87.8%
Total assets€29,643below the sector's middle half▲ 193%€29,649below the sector's middle half=€39,326below the sector's middle half▲ 32.6%€55,620below the sector's middle half▲ 41.4%€58,753within the sector's middle half▲ 5.6%
Debt€6,624▲ 249%€5,402▼ 18.4%€14,312▲ 165%€30,244▲ 111%€11,089▼ 63.3%
Working capital€16,843within the sector's middle half▲ 105%€14,487within the sector's middle half▼ 14.0%€17,522within the sector's middle half▲ 21.0%€20,151within the sector's middle half▲ 15.0%€45,098within the sector's middle half▲ 124%
Solvency77.7%above the sector's middle half▼ 3.6pp81.8%above the sector's middle half▲ 4.1pp63.6%above the sector's middle half▼ 18.2pp45.6%within the sector's middle half▼ 18.0pp81.1%above the sector's middle half▲ 35.5pp
Current ratio3.54above the sector's middle half▼ 1.803.68above the sector's middle half▲ 0.142.22within the sector's middle half▼ 1.461.67within the sector's middle half▼ 0.565.07above the sector's middle half▲ 3.40
Return on assets (ROA)19.5%above the sector's middle half▼ 0.5pp4.1%within the sector's middle half▼ 15.4pp2.0%within the sector's middle half▼ 2.2pp0.6%within the sector's middle half▼ 1.3pp37.9%above the sector's middle half▲ 37.3pp
Staff (FTE)11
above within below the middle half (P25 to P75) of NACE 47, Retail trade, 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
€0€10,000€20,000€30,000Operating result 2020: €7,478€7,478Net result 2020: €5,790€5,790Operating result 2021: €3,193€3,193Net result 2021: €1,227€1,227Operating result 2022: €4,478€4,478Net result 2022: €767€767Operating result 2023: €5,337€5,337Net result 2023: €361€361Operating result 2024: €32,070€32,070Net result 2024: €22,289€22,28920202021202220232024€0€10,000€20,000€30,000Operating result 2022: €4,478€4,480Net result 2022: €767€767Operating result 2023: €5,337€5,340Net result 2023: €361€361Operating result 2024: €32,070€32,100Net result 2024: €22,289€22,300202220232024
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 501% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €58,753
Fixed assets €2,567 ▼ 50.9%
Current assets €56,186 ▲ 11.5%
Equity and liabilities €58,753
Equity €47,664 ▲ 87.8%
Debt €11,089 ▼ 63.3%
Debt's share of the balance-sheet total falls from 54.4% to 18.9%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€34,727▲
2023 · €7,605
Cash flow
€24,947▲
2023 · €2,629
Quick ratio
4.52▲
2023 · 1.47
Debt to equity
0.23▼
2023 · 1.19
ROE
46.8%▲
2023 · 1.4%
Interest coverage
13.48▲
2023 · 1.98
Debt ≤ 1 year
€11,089▼
2023 · €30,244
Income taxes
€7,204▲
2023 · €1,140
Staff costs
€11,861▲
2023 · €26
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

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 26,975 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 · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€55,620€58,753▲
Fixed assets21/28€5,224€2,567▼
Tangible fixed assets22/27€5,079€2,422▼
Plant, machinery and equipment23€5,079€2,422▼
Financial fixed assets28€145€145=
Current assets29/58€50,396€56,186▲
Stocks and contracts in progress3€6,000€6,047▲
Stocks30/36€6,000€6,047▲
Amounts receivable within one year40/41€38,419€18,315▼
Trade receivables40€34,481€5,286▼
Other amounts receivable41€3,938€13,028▲
Cash at bank and in hand54/58€5,977€31,825▲
Equity and liabilities
Total equity and liabilities10/49€55,620€58,753▲
Equity10/15€25,375€47,664▲
Contributions10/11€15,200€15,200=
Reserves13€101€101=
Non-distributable reserves130/1€101€101=
Reserves not available under the articles1311€101€101=
Profit (loss) carried forward14€10,074€32,363▲
Amounts payable17/49€30,244€11,089▼
Amounts payable within one year42/48€30,244€11,089▼
Trade debts44€27,155€1,857▼
Suppliers440/4€27,155€1,857▼
Taxes, remuneration and social security45€3,089€9,231▲
Taxes450/3€3,089€9,231▲
Income statement Code20232024
Remuneration, social security and pensions62€26€11,861▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,268€2,658▲
Other operating charges640/8€3,151€1,287▼
Gross operating margin9900€10,782€47,876▲
Operating profit (loss)9901€5,337€32,070▲
Financial charges65/66B€3,836€2,576▼
Recurring financial charges65€3,836€2,576▼
Profit (loss) for the period before taxes9903€1,501€29,493▲
Income taxes67/77€1,140€7,204▲
Profit (loss) for the period9904€361€22,289▲
Profit (loss) for the period to be appropriated9905€361€22,289▲
Appropriation of the result
Profit (loss) to be appropriated9906€10,074€32,363▲
Profit (loss) brought forward from the previous period14P€9,713€10,074▲

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

Line20202021202220232024Change
Remuneration, social security and pensions62-€36,483€2,414€26€11,861▲ 45,927%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,406€2,268€2,268€2,268€2,658▲ 17.2%
Other operating charges640/8-€402€1,101€3,151€1,287▼ 59.1%
Gross operating margin9900€9,883€42,346€10,261€10,782€47,876▲ 344%
Operating profit (loss)9901€7,478€3,193€4,478€5,337€32,070▲ 501%
Financial charges65/66B-€1,967€2,552€3,836€2,576▼ 32.8%
Recurring financial charges65€1,687€1,967€2,552€3,836€2,576▼ 32.8%
Profit (loss) for the period before taxes9903€5,790€1,227€1,926€1,501€29,493▲ 1,865%
Income taxes67/77--€1,158€1,140€7,204▲ 532%
Profit (loss) for the period9904€5,790€1,227€767€361€22,289▲ 6,068%
Profit (loss) for the period to be appropriated9905€5,790€1,227€767€361€22,289▲ 6,068%
Line20202021202220232024Change
Assets
Total assets20/58€29,643€29,649€39,326€55,620€58,753▲ 5.6%
Fixed assets21/28€6,177€9,759€7,492€5,224€2,567▼ 50.9%
Tangible fixed assets22/27€6,032€9,614€7,347€5,079€2,422▼ 52.3%
Plant, machinery and equipment23-€9,614€7,347€5,079€2,422▼ 52.3%
Financial fixed assets28€145€145€145€145€145=
Current assets29/58€23,466€19,889€31,835€50,396€56,186▲ 11.5%
Stocks and contracts in progress3€5,900€6,112€6,000€6,000€6,047▲ 0.8%
Stocks30/36-€6,112€6,000€6,000€6,047▲ 0.8%
Amounts receivable within one year40/41€2,183€114€22,112€38,419€18,315▼ 52.3%
Trade receivables40-€20€21,962€34,481€5,286▼ 84.7%
Other amounts receivable41-€94€150€3,938€13,028▲ 231%
Current investments50/53€15,383€13,663----
Cash at bank and in hand54/58--€3,723€5,977€31,825▲ 432%
Equity and liabilities
Total equity and liabilities10/49€29,643€29,649€39,326€55,620€58,753▲ 5.6%
Equity10/15€23,020€24,247€25,014€25,375€47,664▲ 87.8%
Contributions10/11-€15,200€15,200€15,200€15,200=
Reserves13€101€101€101€101€101=
Non-distributable reserves130/1-€101€101€101€101=
Reserves not available under the articles1311-€101€101€101€101=
Profit (loss) carried forward14€7,718€8,945€9,713€10,074€32,363▲ 221%
Amounts payable17/49€6,624€5,402€14,312€30,244€11,089▼ 63.3%
Amounts payable within one year42/48€6,624€5,402€14,312€30,244€11,089▼ 63.3%
Trade debts44€5,700€969€10,849€27,155€1,857▼ 93.2%
Suppliers440/4-€969€10,849€27,155€1,857▼ 93.2%
Taxes, remuneration and social security45-€4,433€3,463€3,089€9,231▲ 199%
Taxes450/3-€2,098€3,463€3,089€9,231▲ 199%
Remuneration and social security454/9-€2,335----
Line20202021202220232024Change
Profit (loss) for the period9904€5,790€1,227€767€361€22,289▲ 6,068%
+ Depreciation and write-downs630€1,406€2,268€2,268€2,268€2,658▲ 17.2%
Operating cash flow (approximation)€7,196€3,495€3,035€2,629€24,947▲ 849%
Investment in fixed assets (approximation)--€5,850€0€0€0-
Change in cash---€2,254€25,848▲ 1,047%

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

2025
22-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Highest result since 2019net €22,289 ▲6,068%
Operating result €32,070, net result €22,289, both a record.
31-12
Financial Liquidity triplescurrent ratio 5.07
Current ratio from 1.67 to 5.07; short-term debt falls from €30,244 to €11,089.
09-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial Weakest financial yearnet €361 ▼52.9%
Net result drops to €361, the lowest in the series; recovery starts the following year.
22-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
07-10
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 68 days late
2021
27-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
180 m²
Building footprint
155 m²
Volume, LiDAR
2,272 m³
Parcel 21906D0118/00A010, Brussels · tallest building 18.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
BAY HACI
Wijnheuvelenstraat 92 A, 1030 SchaarbeekRetail sale of bread and pastry (bakery outlets)
since 20192.285.298.620
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21906D0118/00A010 Brussels 180 m² 1 · 155 m² 18.9 m · 6 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Schaarbeek2.285.298.620
2 permissions
Toelating · Bakkerij · since 27-02-2019
Toelating · Detailhandel · since 27-02-2019

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Of 2,471 companies in this sector we hold annual accounts for 950. 788 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded22-01-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47279Other retail sale of food
47241Retail sale of bread and pastry (bakery outlets)
E-invoicing
Reachable via Peppol
Peppol ID 0208:0718998543
Also 9925:BE0718998543
Registered 18-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 1 October 2026 · Peppol Directory

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

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