MIRATE
ActiveSummary
MIRATE has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€47,268) and a net result of €24,302. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+7
Solvency14▲+7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.18 in 2024; short-term debt: 111.1% and cash: 18.4% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-11.1%
Return on assets
5.7%
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 14-08-2026, 14 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 filingsDeviation from the deadline
2025
14 d late
2024
1 d early
2023
139 d late
2022
57 d late
2021
71 d late
2020
90 d late
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 61 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 26 September (4 of the last 5 filed years within 58 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€47,268▲ 34.0%
2024 · -€71,570
Total assets
€423,982▲ 6.2%
2024 · €399,219
Net result
€24,302▲ 1,800%
2024 · €1,279
Working capital
-€334,058▲ 14.0%
2024 · -€388,223
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
Operating result€3,462-€7,308-€77,276▼ 957%-€896▲ 98.8%€21,388
Net result€3,339-€7,434-€77,610▼ 944%€1,279€24,302▲ 1,800%
Equity€12,195▲ 37.7%€4,761▼ 61.0%-€72,849-€71,570▲ 1.8%-€47,268▲ 34.0%
Total assets€540,164▼ 9.0%€530,078▼ 1.9%€397,803▼ 25.0%€399,219▲ 0.4%€423,982▲ 6.2%
Debt€527,968▼ 9.7%€525,317▼ 0.5%€470,652▼ 10.4%€470,789=€471,249▲ 0.1%
Working capital-€491,772▲ 8.2%-€494,470▼ 0.5%-€408,582▲ 17.4%-€388,223▲ 5.0%-€334,058▲ 14.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €21,388 after a loss of €896 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €423,982
Fixed assets
€286,790 ▼ 9.4%
Current assets
€137,191 ▲ 66.2%
Key figures and ratios
EBITDA
€52,379▲
2024 · €30,169
Cash flow
€55,293▲
2024 · €32,344
Solvency
-11.1%▲
2024 · -17.9%
Current ratio
0.29▲
2024 · 0.18
Debt to equity
-9.97▼
2024 · -6.58
ROA
5.7%▲
2024 · 0.3%
Interest coverage
377.15▲
2024 · 82.79
Debt ≤ 1 year
€471,249▲
2024 · €470,789
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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 3,795 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,280 | €43,791 | €31,472 | €31,065 | €30,991 | ▼ 0.2% |
| Other operating charges640/8 | €15,838 | €15,374 | €19,894 | €14,787 | €17,634 | ▲ 19.3% |
| Non-recurring operating charges66A | - | - | €54,709 | - | - | - |
| Gross operating margin9900 | €65,580 | €51,858 | €28,800 | €44,955 | €70,013 | ▲ 55.7% |
| Operating profit (loss)9901 | €3,462 | -€7,308 | -€77,276 | -€896 | €21,388 | ▲ 2,487% |
| Financial income75/76B | €24 | €0 | €219 | €2,540 | €3,053 | ▲ 20.2% |
| Recurring financial income75 | €24 | €0 | €219 | €2,540 | €3,053 | ▲ 20.2% |
| Financial charges65/66B | €147 | €126 | €553 | €364 | €139 | ▼ 61.9% |
| Recurring financial charges65 | €147 | €126 | €553 | €364 | €139 | ▼ 61.9% |
| Profit (loss) for the period before taxes9903 | €3,339 | -€7,434 | -€77,610 | €1,279 | €24,302 | ▲ 1,800% |
| Profit (loss) for the period9904 | €3,339 | -€7,434 | -€77,610 | €1,279 | €24,302 | ▲ 1,800% |
| Profit (loss) for the period to be appropriated9905 | €3,339 | -€7,434 | -€77,610 | €1,279 | €24,302 | ▲ 1,800% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €540,164 | €530,078 | €397,803 | €399,219 | €423,982 | ▲ 6.2% |
| Fixed assets21/28 | €504,567 | €501,731 | €335,733 | €316,654 | €286,790 | ▼ 9.4% |
| Tangible fixed assets22/27 | €504,567 | €501,731 | €335,733 | €316,654 | €286,790 | ▼ 9.4% |
| Land and buildings22 | €502,439 | €499,856 | €333,858 | €314,779 | €284,915 | ▼ 9.5% |
| Furniture and vehicles24 | €253 | €0 | - | - | - | - |
| Other tangible fixed assets26 | €1,875 | €1,875 | €1,875 | €1,875 | €1,875 | = |
| Current assets29/58 | €35,596 | €28,347 | €62,070 | €82,565 | €137,191 | ▲ 66.2% |
| Amounts receivable within one year40/41 | - | - | - | €50,363 | €57,699 | ▲ 14.6% |
| Other amounts receivable41 | - | - | - | €50,363 | €57,699 | ▲ 14.6% |
| Cash at bank and in hand54/58 | €25,935 | €24,898 | €56,976 | €30,302 | €78,192 | ▲ 158% |
| Deferred charges and accrued income490/1 | €9,662 | €3,449 | €5,094 | €1,900 | €1,300 | ▼ 31.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €540,164 | €530,078 | €397,803 | €399,219 | €423,982 | ▲ 6.2% |
| Equity10/15 | €12,195 | €4,761 | -€72,849 | -€71,570 | -€47,268 | ▲ 34.0% |
| Contributions10/11 | €110,800 | €110,800 | €110,800 | €110,800 | €110,800 | = |
| Reserves13 | €3,785 | €3,785 | €3,785 | €3,785 | €3,785 | = |
| Non-distributable reserves130/1 | €1,991 | €1,991 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,991 | €1,991 | €0 | - | - | - |
| Distributable reserves133 | €1,795 | €1,795 | €3,785 | €3,785 | €3,785 | = |
| Profit (loss) carried forward14 | -€102,390 | -€109,824 | -€187,434 | -€186,155 | -€161,853 | ▲ 13.1% |
| Amounts payable17/49 | €527,968 | €525,317 | €470,652 | €470,789 | €471,249 | ▲ 0.1% |
| Amounts payable within one year42/48 | €527,368 | €522,817 | €470,652 | €470,789 | €471,249 | ▲ 0.1% |
| Trade debts44 | €3,829 | €7,546 | €15,829 | €471 | €931 | ▲ 97.6% |
| Suppliers440/4 | €3,829 | €7,546 | €15,829 | €471 | €931 | ▲ 97.6% |
| Taxes, remuneration and social security45 | €0 | - | - | - | - | - |
| Taxes450/3 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €523,539 | €515,271 | €454,823 | €470,317 | €470,318 | = |
| Accrued charges and deferred income492/3 | €600 | €2,500 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,339 | -€7,434 | -€77,610 | €1,279 | €24,302 | ▲ 1,800% |
| + Depreciation and write-downs630 | €46,280 | €43,791 | €31,472 | €31,065 | €30,991 | ▼ 0.2% |
| Operating cash flow (approximation) | €49,619 | €36,357 | -€46,138 | €32,344 | €55,293 | ▲ 71.0% |
| Investment in fixed assets (approximation) | - | -€40,955 | €134,526 | -€11,986 | -€1,128 | ▲ 90.6% |
| Change in cash | - | -€1,037 | €32,078 | -€26,674 | €47,890 | ▲ 280% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
2025
31-12
Financial
Highest result since 2018net €24,302 ▲1,800%
Operating result €21,388, net result €24,302, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1,279
Net result €1,279 after 2 loss-making years.
17-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 139 days late
2023
31-12
Financial
Weakest financial yearnet -€77,610
Net result drops to -€77,610, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
31-12
Financial
Back to profitnet €3,339
Net result €3,339 after 3 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Genk · 1 establishment unit since 1985
Ground area
877 m²
Building footprint
359 m²
Volume, LiDAR
1,936 m³
Parcel 71016I1410/00S033, Flanders · tallest building 17.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Weg naar As 30, 3600 Genk
since 19852.026.709.684
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I1410/00S033 | Flanders | 877 m² | 1 · 359 m² | 16.9 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded25-02-1985
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0427040124
Also
9925:BE0427040124
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.