MIRECO
ActiveSummary
MIRECO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,964 and a net result of -€6,687. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 19% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability49▼-18
Solvency42▼-17
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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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 2025Solvency, return and age of the figures
Solvency
16.9%
Return on assets
-16.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6,687
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
12 d early
2022
12 d early
2021
23 d late
2020
24 d late
2019
104 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 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 (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 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€6,964▼ 49.0%
2024 · €13,650
Total assets
€41,105▲ 2.2%
2024 · €40,218
Net result
-€6,687▼ 1,312%
2024 · -€474
Working capital
-€3,228▲ 54.0%
2024 · -€7,020
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,619▲ 1.3%-€3,827€5,200€530▼ 89.8%-€6,022
Net result€6,007within the sector's middle half-€5,072below the sector's middle half€4,256within the sector's middle half-€474below the sector's middle half-€6,687below the sector's middle half▼ 1,312%
Equity€14,940below the sector's middle half▲ 67.3%€9,868below the sector's middle half▼ 33.9%€14,124below the sector's middle half▲ 43.1%€13,650below the sector's middle half▼ 3.4%€6,964below the sector's middle half▼ 49.0%
Total assets€57,143below the sector's middle half▲ 141%€50,419below the sector's middle half▼ 11.8%€49,514below the sector's middle half▼ 1.8%€40,218below the sector's middle half▼ 18.8%€41,105below the sector's middle half▲ 2.2%
Debt€42,203▲ 186%€40,551▼ 3.9%€35,390▼ 12.7%€26,568▼ 24.9%€34,142▲ 28.5%
Working capital€925below the sector's middle half▼ 87.1%-€2,532below the sector's middle half-€4,062below the sector's middle half▼ 60.4%-€7,020below the sector's middle half▼ 72.8%-€3,228below the sector's middle half▲ 54.0%
Solvency26.1%within the sector's middle half▼ 11.6pp19.6%below the sector's middle half▼ 6.6pp28.5%within the sector's middle half▲ 9.0pp33.9%within the sector's middle half▲ 5.4pp16.9%below the sector's middle half▼ 17.0pp
Current ratio1.04below the sector's middle half▼ 0.450.91below the sector's middle half▼ 0.130.86below the sector's middle half▼ 0.050.74below the sector's middle half▼ 0.130.91below the sector's middle half▲ 0.17
Return on assets (ROA)10.5%within the sector's middle half▲ 12.0pp-10.1%below the sector's middle half▼ 20.6pp8.6%within the sector's middle half▲ 18.7pp-1.2%below the sector's middle half▼ 9.8pp-16.3%below the sector's middle half▼ 15.1pp
Staff (FTE)
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,022 after €530 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41,105
Fixed assets
€10,191 ▼ 50.7%
Current assets
€30,914 ▲ 58.1%
Equity and liabilities €41,105
Equity
€6,964 ▼ 49.0%
Debt
€34,142 ▲ 28.5%
Debt's share of the balance-sheet total rises from 66.1% to 83.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€4,457▼
2024 · €11,588
Cash flow
€3,793▼
2024 · €10,584
Quick ratio
0.72▲
2024 · 0.52
Debt to equity
4.90▲
2024 · 1.95
ROE
-96.0%▼
2024 · -3.5%
Interest coverage
5.92▼
2024 · 12.33
Debt ≤ 1 year
€34,142▲
2024 · €26,568
Staff costs
€53,262▲
2024 · €5,842
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,294 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 1,294 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €38,918 | €43,976 | €49,172 | €5,842 | €53,262 | ▲ 812% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,124 | €9,150 | €7,903 | €11,058 | €10,479 | ▼ 5.2% |
| Other operating charges640/8 | €2,185 | €1,350 | €1,916 | €2,786 | €1,332 | ▼ 52.2% |
| Non-recurring operating charges66A | €2,991 | €250 | - | - | - | - |
| Gross operating margin9900 | €59,837 | €50,900 | €64,191 | €20,216 | €59,051 | ▲ 192% |
| Operating profit (loss)9901 | €7,619 | -€3,827 | €5,200 | €530 | -€6,022 | ▼ 1,235% |
| Financial income75/76B | €129 | €74 | €169 | €66 | €88 | ▲ 33.3% |
| Recurring financial income75 | €129 | €74 | €169 | €66 | €88 | ▲ 33.3% |
| Financial charges65/66B | €1,141 | €1,319 | €985 | €940 | €753 | ▼ 19.9% |
| Recurring financial charges65 | €1,141 | €1,319 | €985 | €940 | €753 | ▼ 19.9% |
| Profit (loss) for the period before taxes9903 | €6,608 | -€5,072 | €4,384 | -€343 | -€6,687 | ▼ 1,850% |
| Income taxes67/77 | €601 | - | €128 | €131 | - | - |
| Profit (loss) for the period9904 | €6,007 | -€5,072 | €4,256 | -€474 | -€6,687 | ▼ 1,312% |
| Profit (loss) for the period to be appropriated9905 | €6,007 | -€5,072 | €4,256 | -€474 | -€6,687 | ▼ 1,312% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €57,143 | €50,419 | €49,514 | €40,218 | €41,105 | ▲ 2.2% |
| Fixed assets21/28 | €31,244 | €25,320 | €24,271 | €20,670 | €10,191 | ▼ 50.7% |
| Tangible fixed assets22/27 | €30,044 | €24,120 | €23,071 | €19,470 | €8,991 | ▼ 53.8% |
| Plant, machinery and equipment23 | €336 | €2,479 | €8,116 | €11,202 | €7,409 | ▼ 33.9% |
| Furniture and vehicles24 | €2,576 | €932 | €668 | €403 | €1,582 | ▲ 292% |
| Leasing and similar rights25 | €27,131 | €20,709 | €14,287 | €7,865 | - | - |
| Financial fixed assets28 | €1,200 | €1,200 | €1,200 | €1,200 | €1,200 | = |
| Current assets29/58 | €25,899 | €25,099 | €25,243 | €19,548 | €30,914 | ▲ 58.1% |
| Stocks and contracts in progress3 | €1,845 | €3,460 | €3,727 | €5,734 | €6,394 | ▲ 11.5% |
| Stocks30/36 | €1,845 | €3,460 | €3,727 | €5,734 | €6,394 | ▲ 11.5% |
| Amounts receivable within one year40/41 | €15,426 | €12,621 | €6,880 | €4,251 | €5,928 | ▲ 39.5% |
| Trade receivables40 | €12,301 | €9,587 | €6,806 | €2,835 | €3,943 | ▲ 39.1% |
| Other amounts receivable41 | €3,125 | €3,035 | €74 | €1,415 | €1,985 | ▲ 40.2% |
| Cash at bank and in hand54/58 | €8,046 | €8,463 | €13,452 | €8,811 | €17,734 | ▲ 101% |
| Deferred charges and accrued income490/1 | €582 | €555 | €1,185 | €752 | €858 | ▲ 14.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €57,143 | €50,419 | €49,514 | €40,218 | €41,105 | ▲ 2.2% |
| Equity10/15 | €14,940 | €9,868 | €14,124 | €13,650 | €6,964 | ▼ 49.0% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Reserves13 | €8,440 | €7,867 | €7,867 | €7,150 | €6,007 | ▼ 16.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €6,580 | €6,007 | €7,867 | €7,150 | €6,007 | ▼ 16.0% |
| Profit (loss) carried forward14 | - | -€4,499 | -€243 | - | -€5,544 | - |
| Amounts payable17/49 | €42,203 | €40,551 | €35,390 | €26,568 | €34,142 | ▲ 28.5% |
| Amounts payable after more than one year17 | €17,230 | €11,708 | €6,085 | - | - | - |
| Financial debts170/4 | €17,230 | €11,708 | €6,085 | - | - | - |
| Amounts payable within one year42/48 | €24,973 | €27,631 | €29,305 | €26,568 | €34,142 | ▲ 28.5% |
| Current portion of amounts payable after more than one year42 | €5,421 | €5,521 | €5,623 | €6,085 | - | - |
| Trade debts44 | €4,259 | €8,694 | €12,386 | €3,969 | €12,880 | ▲ 224% |
| Suppliers440/4 | €4,259 | €8,694 | €12,386 | €3,969 | €12,880 | ▲ 224% |
| Taxes, remuneration and social security45 | €3,235 | €1,655 | €3,735 | €8,968 | €9,689 | ▲ 8.0% |
| Taxes450/3 | €601 | €601 | €3,735 | €273 | €196 | ▼ 28.3% |
| Remuneration and social security454/9 | €2,635 | €1,054 | - | €8,695 | €9,493 | ▲ 9.2% |
| Other amounts payable47/48 | €12,058 | €11,761 | €7,561 | €7,546 | €11,573 | ▲ 53.4% |
| Accrued charges and deferred income492/3 | - | €1,212 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,007 | -€5,072 | €4,256 | -€474 | -€6,687 | ▼ 1,312% |
| + Depreciation and write-downs630 | €8,124 | €9,150 | €7,903 | €11,058 | €10,479 | ▼ 5.2% |
| Operating cash flow (approximation) | €14,131 | €4,079 | €12,159 | €10,584 | €3,793 | ▼ 64.2% |
| Investment in fixed assets (approximation) | - | -€3,227 | -€6,853 | -€7,457 | €0 | ▲ 100% |
| Change in cash | - | €417 | €4,989 | -€4,641 | €8,923 | ▲ 292% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€6,687
Net result drops to -€6,687, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4,256
Net result €4,256 after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
31-12
Financial
Back to profitnet €6,007
Net result €6,007 after 2 loss-making years.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Wommelgem · 1 establishment unit since 2008
Ground area
712 m²
Building footprint
130 m²
Volume, LiDAR
908 m³
Parcel 11052A0178/00F005, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RENZO BORIONI COBRA
since 20082.168.743.024
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052A0178/00F005 | Flanders | 712 m² | 1 · 130 m² | 10.5 m · 3 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.
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,787. 885 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
43221Plumbing work
43333Wallpapering and laying of floor and wall coverings in other materials
43422Screed work
82100Office administrative and support services
86995Nutrition and dietetics services
96220Beauty care and other beauty treatments
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0895493508
Also
9925:BE0895493508
Registered
02-09-2025
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.