MIRO
InactiveSignals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 26-05-2021, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
66 d early
2019
84 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 75 days before 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 (1)
Financials · fiscal year 2020, abbreviated schema
Equity
€80,269▲ 9.4%
2019 · €73,389
Total assets
€90,731▼ 36.2%
2019 · €142,228
Net result
€6,880▼ 15.0%
2019 · €8,096
Working capital
€43,153▲ 26.1%
2019 · €34,218
Trend over the years
In euros
In euros
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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€38,341-€11,967▼ 68.8%€9,120▼ 23.8%
Net result€24,750-€8,096▼ 67.3%€6,880▼ 15.0%
Equity€117,110-€73,389▼ 37.3%€80,269▲ 9.4%
Total assets€132,868-€142,228▲ 7.0%€90,731▼ 36.2%
Debt€15,758-€68,839▲ 337%€10,462▼ 84.8%
Working capital€75,164-€34,218▼ 54.5%€43,153▲ 26.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2020 is 24% below 2019 and is the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €90,731
Fixed assets
€42,981 ▲ 3.5%
Current assets
€47,750 ▼ 52.6%
Equity and liabilities €90,731
Equity
€80,269 ▲ 9.4%
Debt
€10,462 ▼ 84.8%
Debt's share of the balance-sheet total falls from 48.4% to 11.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18,711▼
2019 · €20,452
Cash flow
€16,471▼
2019 · €16,581
Current ratio
10.39▲
2019 · 1.51
Debt to equity
0.07▲
2019 · 0.03
ROE
8.6%▼
2019 · 11.0%
ROA
7.6%▲
2019 · 5.7%
Debt ≤ 1 year
€4,597▼
2019 · €66,499
Debt > 1 year
€5,865▲
2019 · €2,340
Income taxes
€2,282▼
2019 · €3,718
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,920 | €8,485 | €9,591 | ▲ 13.0% |
| Gross operating margin9900 | €50,818 | €24,500 | €23,044 | ▼ 5.9% |
| Operating profit (loss)9901 | €38,341 | €11,967 | €9,120 | ▼ 23.8% |
| Recurring financial income75 | - | €9 | €210 | ▲ 2,167% |
| Recurring financial charges65 | €3,320 | €162 | €168 | ▲ 3.8% |
| Profit (loss) for the period before taxes9903 | €35,021 | €11,814 | €9,162 | ▼ 22.4% |
| Income taxes67/77 | €10,271 | €3,718 | €2,282 | ▼ 38.6% |
| Profit (loss) for the period9904 | €24,750 | €8,096 | €6,880 | ▼ 15.0% |
| Profit (loss) for the period to be appropriated9905 | €24,750 | €8,096 | €6,880 | ▼ 15.0% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €132,868 | €142,228 | €90,731 | ▼ 36.2% |
| Fixed assets21/28 | €46,852 | €41,510 | €42,981 | ▲ 3.5% |
| Tangible fixed assets22/27 | €46,852 | €41,510 | €42,981 | ▲ 3.5% |
| Current assets29/58 | €86,016 | €100,718 | €47,750 | ▼ 52.6% |
| Amounts receivable within one year40/41 | - | - | €1,420 | - |
| Cash at bank and in hand54/58 | €86,016 | €99,565 | €46,135 | ▼ 53.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €132,868 | €142,228 | €90,731 | ▼ 36.2% |
| Equity10/15 | €117,110 | €73,389 | €80,269 | ▲ 9.4% |
| Contributions10/11 | €69,410 | €69,410 | €69,410 | = |
| Reserves13 | €27,225 | €3,979 | €3,979 | = |
| Profit (loss) carried forward14 | €20,475 | -€3,037 | €6,880 | ▲ 327% |
| Amounts payable17/49 | €15,758 | €68,839 | €10,462 | ▼ 84.8% |
| Amounts payable after more than one year17 | €3,880 | €2,340 | €5,865 | ▲ 151% |
| Amounts payable within one year42/48 | €10,852 | €66,499 | €4,597 | ▼ 93.1% |
| Trade debts44 | €432 | - | €194 | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,750 | €8,096 | €6,880 | ▼ 15.0% |
| + Depreciation and write-downs630 | €7,920 | €8,485 | €9,591 | ▲ 13.0% |
| Operating cash flow (approximation) | €32,670 | €16,581 | €16,471 | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | -€3,144 | -€11,062 | ▼ 252% |
| Change in cash | - | €13,549 | -€53,430 | ▼ 494% |
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
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €6,880 ▼15%
Net result drops to €6,880, the lowest in the series.
31-12
Financial
Liquidity times 7current ratio 10.39
Current ratio from 1.51 to 10.39; short-term debt falls from €66,499 to €4,597.
08-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
09-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
14-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
26-07
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
08-08
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 8 days late
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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Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: ORCHIFLOR. The sources do not say who stands above it.
Owners 1
- KURTHHUISparentSourceaccounts KURTHHUIS 2023100%
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
No current directors or connected companies found in the register.