MIRANDRA CONSTRUCT
ActiveSummary
MIRANDRA CONSTRUCT has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €151,607 and a net result of €7,492, of which €11,995 non-recurring income. Equity is growing by about 48% per year across the filed financial years. Its solvency ranks better than 57% of 9,354 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
- Staff
- 1 FTE
- Equity
- €151,607
- Profit
- €7,492
Why 64raises riskSector: Construction of residential and non-residential buildings (NACE 41)Size: turnover €422,775, total assets €303,935Founded in 2018lowers riskEquity €151,607 (49.9% of total assets)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro): better than 58% on solvency, 33% on liquidity, 35% on profitability and 30% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 15 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet €7,492 ▼54.1%
- Equity above €150,000equity €151,607 ▲5.2%
Financials · financial year 2025, micro format
2025 annual accounts filed late (6 days) Filed on 6 January 2026, deadline 31 December 2025 (7 months after the close on 31 May 2025, Companies Code art. 3:10). Source: NBB, 2026-00001980.
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result has fallen two years in a row; 2025 is 50% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 93.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 74.5% 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 5,047 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | €341,732 | €307,932 | €488,482 | €840,694 | €776,671 | €422,775 | ▼ 45.6% |
| Non-recurring operating income76A | - | - | - | - | - | €11,995 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €428,033 | €706,909 | €689,177 | €387,589 | ▼ 43.8% |
| Remuneration, social security and pensions62 | - | - | €14,425 | €15,512 | €16,568 | €17,108 | ▲ 3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €556 | €4,634 | €16,519 | €35,522 | €34,903 | €13,013 | ▼ 62.7% |
| Other operating charges640/8 | - | - | €2,504 | €1,312 | €946 | €2,843 | ▲ 200% |
| Non-recurring operating charges66A | - | - | - | - | €12,345 | €2,834 | ▼ 77.0% |
| Gross operating margin9900 | €21,969 | €51,714 | €60,450 | €133,785 | €87,495 | €47,181 | ▼ 46.1% |
| Operating profit (loss)9901 | €13,421 | €35,115 | €27,001 | €81,438 | €22,733 | €11,383 | ▼ 49.9% |
| Financial income75/76B | - | - | €82 | €1 | €25 | €0 | ▼ 98.5% |
| Recurring financial income75 | €28 | €1 | €1 | €1 | €25 | €0 | ▼ 98.5% |
| Non-recurring financial income76B | - | - | €81 | - | - | - | - |
| Financial charges65/66B | - | - | €1,816 | €1,086 | €670 | €733 | ▲ 9.4% |
| Recurring financial charges65 | €652 | €1,031 | €1,816 | €1,086 | €670 | €733 | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | €12,796 | €35,527 | €25,266 | €80,352 | €22,087 | €10,650 | ▼ 51.8% |
| Income taxes67/77 | €3,032 | €6,090 | €4,872 | €18,344 | €5,776 | €3,158 | ▼ 45.3% |
| Profit (loss) for the period9904 | €9,764 | €29,436 | €20,395 | €62,009 | €16,311 | €7,492 | ▼ 54.1% |
| Profit (loss) for the period to be appropriated9905 | €9,764 | €29,436 | €20,395 | €62,009 | €16,311 | €7,492 | ▼ 54.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €30,452 | €106,083 | €169,502 | €280,363 | €224,009 | €303,935 | ▲ 35.7% |
| Fixed assets21/28 | €4,584 | €22,202 | €78,385 | €81,972 | €35,236 | €36,270 | ▲ 2.9% |
| Tangible fixed assets22/27 | €4,444 | €22,062 | €78,245 | €79,132 | €32,396 | €33,430 | ▲ 3.2% |
| Plant, machinery and equipment23 | - | - | €6,699 | €7,279 | €5,279 | €3,278 | ▼ 37.9% |
| Furniture and vehicles24 | - | - | €71,546 | €71,852 | €27,117 | €30,152 | ▲ 11.2% |
| Financial fixed assets28 | €140 | €140 | €140 | €2,840 | €2,840 | €2,840 | = |
| Current assets29/58 | €25,868 | €83,881 | €91,117 | €198,392 | €188,773 | €267,665 | ▲ 41.8% |
| Amounts receivable within one year40/41 | €19,739 | €66,465 | €78,874 | €152,977 | €173,959 | €245,984 | ▲ 41.4% |
| Trade receivables40 | - | - | €75,488 | €122,768 | €129,295 | €199,149 | ▲ 54.0% |
| Other amounts receivable41 | - | - | €3,386 | €30,209 | €44,664 | €46,834 | ▲ 4.9% |
| Cash at bank and in hand54/58 | €5,902 | €16,435 | €8,907 | €42,863 | €12,749 | €21,569 | ▲ 69.2% |
| Deferred charges and accrued income490/1 | - | - | €3,337 | €2,552 | €2,064 | €113 | ▼ 94.5% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €30,452 | €106,083 | €169,502 | €280,363 | €224,009 | €303,935 | ▲ 35.7% |
| Equity10/15 | €15,964 | €45,400 | €65,795 | €127,804 | €144,115 | €151,607 | ▲ 5.2% |
| Contributions10/11 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €9,764 | €37,340 | €57,735 | €119,744 | €136,055 | €143,547 | ▲ 5.5% |
| Amounts payable17/49 | €14,488 | €60,683 | €103,707 | €152,560 | €79,894 | €152,328 | ▲ 90.7% |
| Amounts payable after more than one year17 | - | €14,961 | €15,470 | €3,140 | - | €15,442 | - |
| Financial debts170/4 | - | - | €15,470 | €3,140 | - | €15,442 | - |
| Amounts payable within one year42/48 | €14,488 | €45,721 | €88,236 | €149,420 | €79,894 | €136,886 | ▲ 71.3% |
| Current portion of amounts payable after more than one year42 | - | - | €11,470 | €12,331 | €3,627 | €5,669 | ▲ 56.3% |
| Trade debts44 | €4,488 | €14,993 | €40,696 | €116,903 | €68,642 | €124,564 | ▲ 81.5% |
| Suppliers440/4 | - | - | €37,677 | €116,903 | €68,642 | €124,564 | ▲ 81.5% |
| Bills of exchange payable441 | - | - | €3,019 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €30,775 | €20,187 | €7,625 | €4,965 | ▼ 34.9% |
| Taxes450/3 | - | - | €4,872 | €18,344 | €5,776 | €3,169 | ▼ 45.1% |
| Remuneration and social security454/9 | - | - | €25,903 | €1,843 | €1,849 | €1,796 | ▼ 2.9% |
| Other amounts payable47/48 | - | - | €5,296 | - | - | €1,688 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,764 | €29,436 | €20,395 | €62,009 | €16,311 | €7,492 | ▼ 54.1% |
| + Depreciation and write-downs630 | €556 | €4,634 | €16,519 | €35,522 | €34,903 | €13,013 | ▼ 62.7% |
| Operating cash flow (approximation) | €10,320 | €34,070 | €36,913 | €97,531 | €51,215 | €20,505 | ▼ 60.0% |
| Investment in fixed assets (approximation) | - | -€22,252 | -€72,701 | -€39,110 | €11,833 | -€14,047 | - |
| Change in cash | - | €10,532 | -€7,528 | €33,957 | -€30,114 | €8,819 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-05-2025 | micro format | 06-01-2026 | 2026-00001980 |
| 31-05-2024 | micro format | 24-12-2024 | 2024-00624358 |
| 31-05-2023 | micro format | 18-12-2023 | 2023-00532395 |
| 31-05-2022 | micro format | 29-11-2022 | 2022-20529524 |
| 31-05-2021 | micro format | 01-12-2021 | 2021-79000034 |
| 31-05-2020 | micro format | 16-12-2020 | 2020-75900293 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 30-05-2024 Converted to unavailable equity
Group and network
Connections & network
No directors read yet: 2 of 3 Gazette acts processed.
History
Acts, filings and financial milestones
30-05
Gazette deed
Capital & shares · Amendment of the articles · Legal-form change · Resignations & appointmentsRegistered-office move · Legal-form conversion · Capital conversion8 facts ▸
- General meeting, 20-02-2024
- Registered-office move, 1853 Grimbergen (Strombeek-Bever), Sint-Amandsstraat 5
- Legal-form conversion, “besloten vennootschap (BV)” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles
- Director in office, BIDA lonel Gheorghe (director)
- Other provision, “vaststelling definitieve zetelverplaatsing en eenheid van akten, deze akte vormt een geheel met akte houdende zetelverplaatsing verleden op heden voorafgaandeli…” (deed in Dutch)
- Power of attorney (2 times)
01-03
Gazette deed
Registered officeRegistered-office move · Power of attorney3 facts ▸
- General meeting, 20-02-2024
- Registered-office move, 1853 Grimbergen (Strombeek-Bever), Sint-Amandsstraat 5
- Power of attorney
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0704.763.990
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21819C0010/00F003 | Brussels | 305 m² | 1 · 109 m² | 13.4 m · 3 |
| 23084A0258/00F002 | Flanders | 143 m² | 1 · 106 m² | 12.8 m · 3 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MIRANDRA CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, mag bij enkel besluit van het bestuursorgaan exploitatie-zetels oprichten of opheffen voor zover dit geen wijziging…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, een of meer bestuurders” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten los van representatie-,reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “186, inbrengen” (deed in Dutch)“Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid verworven aantal bij meerdere kopers;zelfde bij weigering…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Inbreng in geld met uitgifte van nieuwe aandelen, orgaan dat overgaat tot uitgifte” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- “TITEL VI. BOEKJAAR -WINSTVERDELING - RESERVES Artikel 23. Boekjaar Het boekjaar van de vennootschap gaat in op één juni en eindigt op…” (deed in Dutch)
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of November at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed