MIRO
InactiveFinancials · financial year 2020, abbreviated format
Annual accounts 2020 filed on 26-05-2021 PDF all 25 filings
Turnover
≈ €160,000
Estimated: probably between €65,000 and €390,000
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
Multi-year overview
2018 to 2020, 3 financial yearsOperating result
€9,120
▼ 23.8%
2020
20182020
Net result
€6,880
▼ 15.0%
2020
20182020
Equity
€80,269
▲ 9.4%
2020
20182020
Total assets
€90,731
▼ 36.2%
2020
20182020
Debt
€10,462
▼ 84.8%
2020
20182020
Working capital
€43,153
▲ 26.1%
2020
20182020
Every figure per financial year
Every figure with its change against the financial 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%
The operating result for 2020 is 24% lower than in 2019 and the lowest since 2018. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
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 | ▲ 23× |
| 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 | - | €6,880 | - |
| 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 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2020 | abbreviated format | 26-05-2021 | 2021-15300536 | |
| 31-12-2019 | abbreviated format | 08-05-2020 | 2020-11700572 | |
| 31-12-2018 | abbreviated format | 17-05-2019 | 2019-13200576 | |
| 31-12-2017 | micro format | 08-08-2018 | 2018-43900344 | |
| 31-12-2016 | micro format | 22-06-2017 | 2017-19400408 | |
| 31-12-2015 | abbreviated format | 16-06-2016 | 2016-17800215 | |
| 31-12-2014 | abbreviated format | 09-07-2015 | 2015-28200449 | |
| 31-12-2013 | abbreviated format | 14-07-2014 | 2014-29400387 | |
| 31-12-2012 | abbreviated format | 26-07-2013 | 2013-35200026 | |
| 31-12-2011 | abbreviated format | 08-08-2012 | 2012-39200534 |