MIRANDA ELECTRICITE
ActiveThe computed 12-month bankruptcy probability of MIRANDA ELECTRICITE is 2.0% (moderate). The 2025 annual accounts show equity of €96k and a net result of €40k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 27676 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+16
Solvency54▲+5
Growth80▲+17
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.34 in 2024; short-term debt: 24.1% and cash: 13.3% of total assets), and 70.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
29.2%
Return on assets
12.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
31 d early
2023
9 d late
2022
56 d late
2021
25 d late
2020
3 d early
2019
35 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€274k▲ 25.0%
2022 · €219k
2021: €205k
2022: €219k
2021 → 2023
EBIT margin
14.6%▲ 8.3pp
2022 · 6.4%
2021: 1.8%
2022: 6.4%
2021 → 2023
Net result
€40k▲ 85.1%
2024 · €22k
2019: €30k
2020: €-6k
2021: €-9k
2022: €10k
2023: €29k
2024: €22k
2019 → 2025
Working capital
€2k▼ 91.9%
2024 · €19k
2019: €39k
2020: €31k
2021: €23k
2022: €35k
2023: €68k
2024: €19k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€205k-€219k▲ 6.8%€274k▲ 25.0%
Equity€33k-€44k▲ 31.3%€72k▲ 65.6%€76k▲ 5.5%€96k▲ 26.3%
Operating result€4k-€14k▲ 278%€40k▲ 186%€33k▼ 18.3%€59k▲ 80.8%
Net result€-9k-€10k€29k▲ 175%€22k▼ 24.4%€40k▲ 85.1%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €330k
Fixed assets
€249k▲ 3.2%
Current assets
€81k▲ 7.0%
Equity and liabilities €330k
Equity
€96k▲ 26.3%
Debt
€233k▼ 2.9%
The debt ratio falls from 75.9% to 70.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68k▲
2024 · €43k
Cash flow
€48k▲
2024 · €31k
Solvency
29.2%▲
2024 · 24.1%
Current ratio
1.02▼
2024 · 1.34
Quick ratio
0.85▼
2024 · 1.23
Debt / equity
2.43▼
2024 · 3.16
ROE
41.6%▲
2024 · 28.4%
ROA
12.1%▲
2024 · 6.8%
Interest coverage
7.01▲
2024 · 4.89
Debt
€233k▼
2024 · €240k
Debt ≤ 1 year
€79k▲
2024 · €57k
Debt > 1 year
€153k▼
2024 · €183k
Income taxes
€10k▲
2024 · €2k
Staff costs
€79k▲
2024 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€317k€330k▲
Formation expenses20-€0
Fixed assets21/28€241k€249k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€241k€247k▲
Land and buildings22€232k€236k▲
Plant, machinery and equipment23€2k€6k▲
Furniture and vehicles24€7k€5k▼
Leasing and similar rights25-€0
Current assets29/58€76k€81k▲
Stocks and contracts in progress3€6k€14k▲
Stocks30/36€6k€14k▲
Amounts receivable within one year40/41€40k€23k▼
Trade receivables40€32k€13k▼
Other amounts receivable41€8k€11k▲
Cash at bank and in hand54/58€29k€44k▲
Deferred charges and accrued income490/1€635-
Equity and liabilities
Total equity and liabilities10/49€317k€330k▲
Equity10/15€76k€96k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€58k€78k▲
Amounts payable17/49€240k€233k▼
Amounts payable after more than one year17€183k€153k▼
Financial debts170/4€183k€153k▼
Amounts payable within one year42/48€57k€79k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€11k€18k▲
Suppliers440/4€11k€18k▲
Taxes, remuneration and social security45€22k€14k▼
Taxes450/3€15k€3k▼
Remuneration and social security454/9€8k€11k▲
Other amounts payable47/48€15k€38k▲
Accrued charges and deferred income492/3€1k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€41k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€8k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€2k
Other operating charges640/8€2k€2k▼
Gross operating margin9900€86k€150k▲
Operating profit (loss)9901€33k€59k▲
Financial income75/76B€22€738▲
Recurring financial income75€22€738▲
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€24k€50k▲
Income taxes67/77€2k€10k▲
Profit (loss) for the period9904€22k€40k▲
Profit (loss) for the period to be appropriated9905€22k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€75k€98k▲
Profit (loss) brought forward from the previous period14P€54k€58k▲
Profit to be distributed694/7€18k€20k▲
Return on contributions (dividend)694€18k€20k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2019net €40k ▲85.1%
Operating result €59k, net result €40k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 9 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Nivelles · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Robert Schuman 511400 Nivelles1 establishment unit
MIRANDA ELECTRICITE
since 20192.287.382.239
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,813 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-03-2019
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
33140Repair and maintenance of electrical equipment
42220Construction of utility projects for electricity and telecommunications
43990Other specialised construction activities
43995Specialised construction activities
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filings
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.