MIRATHERM
ActiveSummary
MIRATHERM has been active since 1979 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €21,155 and a net result of €109,212. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 9% of 3556 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability91▼-9
Solvency28▼-67
Growth64▼-12
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.0 against 4.15 in 2023; short-term debt: 92.2% and cash: 17.2% of total assets), and 96.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
3.3%
Return on assets
17.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 3556 sector peers (2024).
NBB · sector comparisonPosition among 3556 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
68 d late
2022
58 d late
2021
72 d late
2020
55 d late
2019
26 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 51 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#3 oldest company in Sint-Jans-Molenbeek, Construction sector
Turnover
€945,788▲ 17.3%
2023 · €806,049
EBIT margin
16.1%▼ 20.5pp
2023 · 36.6%
Net result
€109,212▼ 49.0%
2023 · €214,217
Working capital
€2,595▼ 99.4%
2023 · €431,872
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 43, Specialised construction activities, 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
Turnover€611,338▲ 15.1%€861,443▲ 40.9%€919,956▲ 6.8%€806,049▼ 12.4%€945,788▲ 17.3%
Operating result€47,149▲ 304%€79,101▲ 67.8%€51,036▼ 35.5%€295,079▲ 478%€152,367▼ 48.4%
Net result€33,466within the sector's middle half▲ 346%€57,019within the sector's middle half▲ 70.4%€35,150within the sector's middle half▼ 38.4%€214,217above the sector's middle half▲ 509%€109,212within the sector's middle half▼ 49.0%
EBIT margin7.7%▲ 5.5pp9.2%▲ 1.5pp5.5%▼ 3.6pp36.6%▲ 31.1pp16.1%▼ 20.5pp
Equity€169,558within the sector's middle half▲ 22.8%€226,577within the sector's middle half▲ 33.6%€191,726within the sector's middle half▼ 15.4%€405,943within the sector's middle half▲ 112%€21,155below the sector's middle half▼ 94.8%
Total assets€263,810within the sector's middle half▼ 3.8%€364,897within the sector's middle half▲ 38.3%€373,589within the sector's middle half▲ 2.4%€581,610within the sector's middle half▲ 55.7%€632,007within the sector's middle half▲ 8.7%
Debt€94,253▼ 30.8%€138,320▲ 46.8%€181,862▲ 31.5%€175,667▼ 3.4%€610,852▲ 248%
Working capital€128,035within the sector's middle half▲ 14.9%€187,311within the sector's middle half▲ 46.3%€166,556within the sector's middle half▼ 11.1%€431,872within the sector's middle half▲ 159%€2,595below the sector's middle half▼ 99.4%
Solvency64.3%above the sector's middle half▲ 13.9pp62.1%above the sector's middle half▼ 2.2pp51.3%within the sector's middle half▼ 10.8pp69.8%above the sector's middle half▲ 18.5pp3.3%below the sector's middle half▼ 66.4pp
Current ratio4.13above the sector's middle half▲ 1.572.76above the sector's middle half▼ 1.372.00within the sector's middle half▼ 0.764.15above the sector's middle half▲ 2.151.00below the sector's middle half▼ 3.15
Return on assets (ROA)12.7%above the sector's middle half▲ 10.0pp15.6%above the sector's middle half▲ 2.9pp9.4%within the sector's middle half▼ 6.2pp36.8%above the sector's middle half▲ 27.4pp17.3%above the sector's middle half▼ 19.6pp
Staff (FTE)2below the sector's middle half2.6below the sector's middle half▲ 30.0%3below the sector's middle half▲ 15.4%3.1below the sector's middle half▲ 3.3%2.3below the sector's middle half▼ 25.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 48% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €632,007
Fixed assets
€46,660 ▲ 265%
Current assets
€585,346 ▲ 2.9%
Equity and liabilities €632,007
Equity
€21,155 ▼ 94.8%
Debt
€610,852 ▲ 248%
Debt's share of the balance-sheet total rises from 30.2% to 96.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€169,136▼
2023 · €315,435
Cash flow
€125,981▼
2023 · €234,572
Debt to equity
28.88▲
2023 · 0.43
ROE
516.3%▲
2023 · 52.8%
Interest coverage
102.20▼
2023 · 347.15
Debt ≤ 1 year
€582,752▲
2023 · €136,942
Debt > 1 year
€28,100▲
2023 · €0
Income taxes
€41,500▼
2023 · €80,000
Staff costs
€123,894▼
2023 · €154,569
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 931 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.9%
went bankrupt
4.6%
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 bankruptcy probability of 1.2% 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 497,341 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% | 1.8% |
| 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 931 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €611,338 | €861,443 | €919,956 | €806,049 | €945,788 | ▲ 17.3% |
| Goods, raw materials, services and sundry goods60/61 | - | €648,612 | €711,015 | €648,266 | €648,495 | = |
| Remuneration, social security and pensions62 | - | €98,342 | €123,081 | €154,569 | €123,894 | ▼ 19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,156 | €36,639 | €36,698 | €20,355 | €16,769 | ▼ 17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €4,333 | €6,558 | €4,260 | €5,974 | ▲ 40.2% |
| Gross operating margin9900 | €159,884 | €218,415 | €217,373 | €474,263 | €299,004 | ▼ 37.0% |
| Operating profit (loss)9901 | €47,149 | €79,101 | €51,036 | €295,079 | €152,367 | ▼ 48.4% |
| Financial income75/76B | - | €163 | - | €46 | - | - |
| Recurring financial income75 | - | €163 | - | €46 | - | - |
| Financial charges65/66B | - | €1,246 | €1,575 | €909 | €1,655 | ▲ 82.1% |
| Recurring financial charges65 | €2,132 | €1,246 | €1,575 | €909 | €1,655 | ▲ 82.1% |
| Profit (loss) for the period before taxes9903 | €45,017 | €78,019 | €49,461 | €294,217 | €150,712 | ▼ 48.8% |
| Income taxes67/77 | €11,550 | €21,000 | €14,311 | €80,000 | €41,500 | ▼ 48.1% |
| Profit (loss) for the period9904 | €33,466 | €57,019 | €35,150 | €214,217 | €109,212 | ▼ 49.0% |
| Profit (loss) for the period to be appropriated9905 | €33,466 | €57,019 | €35,150 | €214,217 | €109,212 | ▼ 49.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €263,810 | €364,897 | €373,589 | €581,610 | €632,007 | ▲ 8.7% |
| Fixed assets21/28 | €94,878 | €71,053 | €40,803 | €12,796 | €46,660 | ▲ 265% |
| Tangible fixed assets22/27 | €94,275 | €63,570 | €36,760 | €11,433 | €45,297 | ▲ 296% |
| Land and buildings22 | - | €14,764 | €15,881 | €0 | - | - |
| Plant, machinery and equipment23 | - | €4,953 | €5,238 | €2,348 | €1,814 | ▼ 22.7% |
| Furniture and vehicles24 | - | €43,853 | €15,642 | €9,085 | €43,483 | ▲ 379% |
| Other tangible fixed assets26 | - | €0 | €0 | €0 | - | - |
| Financial fixed assets28 | €603 | €7,483 | €4,043 | €1,363 | €1,363 | = |
| Current assets29/58 | €168,932 | €293,844 | €332,786 | €568,814 | €585,346 | ▲ 2.9% |
| Amounts receivable within one year40/41 | €107,763 | €212,612 | €263,834 | €175,940 | €471,730 | ▲ 168% |
| Trade receivables40 | - | €150,958 | €147,192 | €144,400 | €116,385 | ▼ 19.4% |
| Other amounts receivable41 | - | €61,654 | €116,642 | €31,540 | €355,345 | ▲ 1,027% |
| Cash at bank and in hand54/58 | €60,434 | €80,003 | €68,371 | €381,518 | €108,911 | ▼ 71.5% |
| Deferred charges and accrued income490/1 | - | €1,229 | €581 | €11,356 | €4,705 | ▼ 58.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €263,810 | €364,897 | €373,589 | €581,610 | €632,007 | ▲ 8.7% |
| Equity10/15 | €169,558 | €226,577 | €191,726 | €405,943 | €21,155 | ▼ 94.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €35,464 | €35,464 | €35,464 | €35,464 | €2,464 | ▼ 93.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €33,604 | €33,604 | €33,604 | €604 | ▼ 98.2% |
| Profit (loss) carried forward14 | €115,494 | €172,513 | €137,662 | €351,879 | €91 | ▼ 100.0% |
| Amounts payable17/49 | €94,253 | €138,320 | €181,862 | €175,667 | €610,852 | ▲ 248% |
| Amounts payable after more than one year17 | €53,355 | €31,787 | €15,632 | €0 | €28,100 | - |
| Financial debts170/4 | - | €31,787 | €15,632 | €0 | €28,100 | - |
| Amounts payable within one year42/48 | €40,897 | €106,533 | €166,230 | €136,942 | €582,752 | ▲ 326% |
| Current portion of amounts payable after more than one year42 | - | €21,572 | €16,558 | €18,397 | €10,662 | ▼ 42.0% |
| Trade debts44 | €14,016 | €63,248 | €36,789 | €32,352 | €38,918 | ▲ 20.3% |
| Suppliers440/4 | - | €63,248 | €36,789 | €32,352 | €38,918 | ▲ 20.3% |
| Advances received on contracts in progress46 | - | €4,456 | €16,381 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €17,257 | €26,502 | €86,193 | €39,567 | ▼ 54.1% |
| Taxes450/3 | - | €17,257 | €26,257 | €84,771 | €36,096 | ▼ 57.4% |
| Remuneration and social security454/9 | - | €0 | €245 | €1,422 | €3,470 | ▲ 144% |
| Other amounts payable47/48 | - | - | €70,000 | €0 | €493,605 | - |
| Accrued charges and deferred income492/3 | - | - | - | €38,725 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,466 | €57,019 | €35,150 | €214,217 | €109,212 | ▼ 49.0% |
| + Depreciation and write-downs630 | €35,156 | €36,639 | €36,698 | €20,355 | €16,769 | ▼ 17.6% |
| Operating cash flow (approximation) | €68,622 | €93,658 | €71,848 | €234,572 | €125,981 | ▼ 46.3% |
| Investment in fixed assets (approximation) | - | -€12,814 | -€6,448 | €7,652 | -€50,634 | ▼ 762% |
| Change in cash | - | €19,569 | -€11,632 | €313,147 | -€272,607 | ▼ 187% |
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
2026
19-03
State Gazette act
Appointment: Dylan Leggieri (director)Power of attorney3 facts ▸
State Gazette act
Appointment: Dylan Leggieri (director)
Power of attorney3 facts ▸
- General meeting, 16/09/2025
- Director appointment, Dylan Leggieri (director)
- Power of attorney, Xerius Contact ASBL
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
31-12
Financial
Highest result since 2018net €214,217 ▲509%
Operating result €295,079, net result €214,217, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.15
Current ratio from 2.00 to 4.15; short-term debt falls from €166,230 to €136,942.
31-12
Financial
Equity above €200,000Eq €405,943 ▲112%
6 profitable years in a row build equity to €405,943.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 58 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 72 days late
2021
31-12
Financial
Equity above €200,000Eq €226,577 ▲33.6%
4 profitable years in a row build equity to €226,577.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 55 days late
2020
31-12
Financial
Equity above €150,000Eq €169,558 ▲22.8%
3 profitable years in a row build equity to €169,558.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €7,500 ▼25.7%
Net result drops to €7,500, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 director, last change in 2025
Dylan Leggieri
CurrentDirector · since 01-10-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Jans-Molenbeek · 1 establishment unit since 1979
Ground area
630 m²
Building footprint
502 m²
Volume, LiDAR
6,001 m³
2 parcels, Brussels · tallest building 16.4 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Jakob Smitsstraat 37, 1070 Anderlecht
since 19792.018.291.866
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21012A0228/00A009 | Brussels | 403 m² | 1 · 405 m² | 16.4 m · 5 fl. |
| 21302A0076/00D004 | Brussels | 227 m² | 1 · 98 m² | 7.7 m · 2 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.
Mandate history
1 person since 2025, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Dylan Leggieri |
|
Structure & network
Owners and holdings
1 ownerOwners 1
-
49.73%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, scroll to zoom.
Recognitions · licences · registrations
Recognised contractor
1 categoryMIRATHERM SRL41355
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Company details
Identification
Legal formPrivate limited company
Founded12-09-1979
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
95290Repair and maintenance of other personal and household goods
46842Wholesale trade
47552Retail sale of lighting equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0419744833
Registered
25-11-2025
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.