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MIRAMAR

Active
Public limited companyfounded 198739 yrs activePriester Cuypersstraat 3, 1040 Etterbeek, BelgiumKBO/BCE: BE 0431.255.070
Summary

The computed 12-month bankruptcy probability of MIRAMAR is 2.6% (moderate). The 2025 annual accounts show equity of €272,711 and a net result of €38,013. Equity is shrinking by ~4.3% per year across the filed fiscal years. The company has been active since 1987 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Checked score

Score 2025
Axes · tick = 2024
Profitability66▲+66
Solvency100▲+5
Growth32=
Track record84
Bankruptcy probability, 12 months
2.6% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 71.3 against 97.1 in 2024; short-term debt: 1.4% of total assets), and 17.2% of the assets are financed with debt.
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Signals

Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
82.8%
Return on assets
11.5%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-03-2026, 54 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 filings
Deviation from the deadline
2025
54 d late
2024
419 d late
2023
785 d late
2022
1150 d late
2021
1515 d late
2020
163 d late
2019
527 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 659 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Late accounts filingStrikeout withdrawn
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 26 March (4 of the last 5 filed years within 730 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline

History

MIRAMAR was incorporated on 22 May 1987.1 Total assets fell from EUR 477,466 in 2019 to EUR 329,534 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€158
EBIT margin
-5819.0%
Net result
€38,013
2024 · -€62,786
Working capital
€324,690▼ 1.5%
2024 · €329,682
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€158
Operating result-€9,193▼ 1,458%-€3,433▲ 62.7%-€41,240▼ 1,101%-€62,690▼ 52.0%-€4,995▲ 92.0%
Net result-€4,743-€3,410▲ 28.1%-€39,429▼ 1,056%-€62,786▼ 59.2%€38,013
EBIT margin-5819.0%
Equity€340,323▼ 1.4%€336,914▼ 1.0%€297,485▼ 11.7%€234,698▼ 21.1%€272,711▲ 16.2%
Total assets€462,515▼ 1.8%€458,511▼ 0.9%€431,578▼ 5.9%€333,337▼ 22.8%€329,534▼ 1.1%
Debt€2,775▲ 37.7%€2,181▼ 21.4%€38,884▲ 1,683%€3,430▼ 91.2%€4,619▲ 34.6%
Working capital€459,514▼ 2.0%€456,105▼ 0.7%€392,469▼ 14.0%€329,682▼ 16.0%€324,690▼ 1.5%
Result per fiscal year
Operating resultNet result
-€100,000-€50,000€0€50,000Operating result 2021: -€9,193-€9,193Net result 2021: -€4,743-€4,743Operating result 2022: -€3,433-€3,433Net result 2022: -€3,410-€3,410Operating result 2023: -€41,240-€41,240Net result 2023: -€39,429-€39,429Operating result 2024: -€62,690-€62,690Net result 2024: -€62,786-€62,786Operating result 2025: -€4,995-€4,995Net result 2025: €38,013€38,01320212022202320242025-€100,000-€50,000€0€50,000Operating result 2023: -€41,240-€41,200Net result 2023: -€39,429-€39,400Operating result 2024: -€62,690-€62,700Net result 2024: -€62,786-€62,800Operating result 2025: -€4,995-€4,990Net result 2025: €38,013€38,000202320242025
The operating result stays negative: a loss of €4,995 in 2025 against €62,690 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €329,534
Fixed assets €225 =
Current assets €329,309 ▼ 1.1%
Equity and liabilities €329,534
Equity €272,711 ▲ 16.2%
Provisions €52,204 ▼ 45.2%
Debt €4,619 ▲ 34.6%
Debt's share of the balance-sheet total rises from 1.0% to 1.4%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
71.30▼
2024 · 97.10
Debt to equity
0.02▲
2024 · 0.01
ROE
13.9%▲
2024 · -26.8%
ROA
11.5%▲
2024 · -18.8%
Debt ≤ 1 year
€4,619▲
2024 · €3,430
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.6% 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 497,662 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% 1.7%
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 31,349 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 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€333,337€329,534▼
Fixed assets21/28€225€225=
Financial fixed assets28€225€225=
Current assets29/58€333,112€329,309▼
Amounts receivable within one year40/41€299,861€299,289▼
Other amounts receivable41€299,861€299,289▼
Cash at bank and in hand54/58€33,251-
Deferred charges and accrued income490/1-€30,019
Equity and liabilities
Total equity and liabilities10/49€333,337€329,534▼
Equity10/15€234,698€272,711▲
Contributions10/11€123,947€123,947=
Capital10€123,947€123,947=
Issued capital100€123,947€123,947=
Reserves13€264,106€264,106=
Non-distributable reserves130/1€12,395€12,395=
Legal reserve130€12,395€12,395=
Tax-exempt reserves132€251,712€251,712=
Profit (loss) carried forward14-€153,355-€115,342▲
Provisions and deferred taxes16€95,209€52,204▼
Deferred taxes168€95,209€52,204▼
Amounts payable17/49€3,430€4,619▲
Amounts payable within one year42/48€3,430€4,619▲
Trade debts44€1,248€2,436▲
Suppliers440/4€1,248€2,436▲
Other amounts payable47/48€2,182€2,182=
Income statement Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€51,678-
Other operating charges640/8€2,202€1,241▼
Gross operating margin9900-€8,810-€3,754▲
Operating profit (loss)9901-€62,690-€4,995▲
Financial income75/76B€4€3▼
Recurring financial income75€4€3▼
Financial charges65/66B€100-
Recurring financial charges65€100-
Profit (loss) for the period before taxes9903-€62,786-€4,992▲
Transfer from deferred taxes780-€43,005
Profit (loss) for the period9904-€62,786€38,013▲
Profit (loss) for the period to be appropriated9905-€62,786€38,013▲
Appropriation of the result
Profit (loss) to be appropriated9906-€153,355-€115,342▲
Profit (loss) brought forward from the previous period14P-€90,569-€153,355▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70€158-----
Non-recurring operating income76A-€593----
Goods, raw materials, services and sundry goods60/61€6,031€3,438----
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€51,678--
Other operating charges640/8€3,320€587€7,706€2,202€1,241▼ 43.6%
Gross operating margin9900-€5,873-€2,846-€33,534-€8,810-€3,754▲ 57.4%
Operating profit (loss)9901-€9,193-€3,433-€41,240-€62,690-€4,995▲ 92.0%
Financial income75/76B---€4€3▼ 29.0%
Recurring financial income75---€4€3▼ 29.0%
Financial charges65/66B€135-€23€133€100--
Recurring financial charges65€135-€23€133€100--
Profit (loss) for the period before taxes9903-€9,329-€3,410-€41,373-€62,786-€4,992▲ 92.0%
Transfer from deferred taxes780€4,585-€24,208-€43,005-
Income taxes67/77--€22,264---
Profit (loss) for the period9904-€4,743-€3,410-€39,429-€62,786€38,013▲ 161%
Profit (loss) for the period to be appropriated9905-€4,743-€3,410-€39,429-€62,786€38,013▲ 161%
Line20212022202320242025Change
Assets
Total assets20/58€462,515€458,511€431,578€333,337€329,534▼ 1.1%
Fixed assets21/28€225€225€225€225€225=
Financial fixed assets28€225€225€225€225€225=
Current assets29/58€462,290€458,286€431,353€333,112€329,309▼ 1.1%
Amounts receivable within one year40/41€350,967€350,967€350,967€299,861€299,289▼ 0.2%
Trade receivables40-€51,678€51,678---
Other amounts receivable41€350,967€299,289€299,289€299,861€299,289▼ 0.2%
Cash at bank and in hand54/58€111,322€107,319€80,386€33,251--
Deferred charges and accrued income490/1----€30,019-
Equity and liabilities
Total equity and liabilities10/49€462,515€458,511€431,578€333,337€329,534▼ 1.1%
Equity10/15€340,323€336,914€297,485€234,698€272,711▲ 16.2%
Contributions10/11€123,947€123,947€123,947€123,947€123,947=
Capital10€123,947€123,947€123,947€123,947€123,947=
Issued capital100€123,947€123,947€123,947€123,947€123,947=
Reserves13€264,106€264,107€264,107€264,106€264,106=
Non-distributable reserves130/1€12,395€12,395€12,395€12,395€12,395=
Legal reserve130€12,395€12,395€12,395€12,395€12,395=
Tax-exempt reserves132€251,712€251,712€251,712€251,712€251,712=
Profit (loss) carried forward14-€47,730-€51,140-€90,569-€153,355-€115,342▲ 24.8%
Provisions and deferred taxes16€119,416€119,416€95,209€95,209€52,204▼ 45.2%
Deferred taxes168€119,416€119,416€95,209€95,209€52,204▼ 45.2%
Amounts payable17/49€2,775€2,181€38,884€3,430€4,619▲ 34.6%
Amounts payable within one year42/48€2,775€2,181€38,884€3,430€4,619▲ 34.6%
Trade debts44€593-€30,880€1,248€2,436▲ 95.2%
Suppliers440/4€593-€30,880€1,248€2,436▲ 95.2%
Taxes, remuneration and social security45--€5,823---
Remuneration and social security454/9--€5,823---
Other amounts payable47/48€2,182€2,181€2,181€2,182€2,182=
Line20212022202320242025Change
Profit (loss) for the period9904-€4,743-€3,410-€39,429-€62,786€38,013▲ 161%
Operating cash flow (approximation)-€4,743-€3,410-€39,429-€62,786€38,013▲ 161%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€4,003-€26,933-€47,135--

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 31-01-2027
2026
10-04
KBO administration Strikeout withdrawn
26-03
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 54 days late
26-03
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 419 days late
26-03
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 785 days late
26-03
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 1150 days late
26-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 1515 days late
2025
30-06
Financial Back to profitnet €38,013
Net result €38,013 after 4 loss-making years.
01-04
KBO administration Late accounts filing
event 19-03-2025
2024
30-06
Financial Weakest financial yearnet -€62,786
Net result drops to -€62,786, the lowest in the series; recovery starts the following year.
30-06
Financial Liquidity times 9current ratio 97.10
Current ratio from 11.09 to 97.10; short-term debt falls from €38,884 to €3,430.
2021
13-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 163 days late
11-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 527 days late
Show earlier events
2020
30-06
Financial Liquidity quadruplescurrent ratio 233.79
Current ratio from 64.62 to 233.79; short-term debt falls from €7,389 to €2,015.
2018
10-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
18-12
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
12-01
NBB filing Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
5 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, Etterbeek · 1 establishment unit since 1992
seat establishment The establishment unit on the map
Ground area
406 m²
Building footprint
199 m²
Volume, LiDAR
2,855 m³
2 parcels, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
334 companies at this address See who is registered here
1 establishment unit
Rembrandtstraat 16, 1000 Brussel
NACE 70201
since 19922.056.608.351
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21005A0542/00B006 Brussels 325 m² 1 · 129 m² 17.0 m · 5 fl.
21806F0324/00T004 Brussels 81 m² 1 · 70 m² 15.3 m · 5 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded22-05-1987
Fiscal year end30-06
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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

Register as of 28 September 2026 · Peppol Directory

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