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MIYAD

Active
Private limited companyfounded 20232 yrs activeAvenue Reine-Elisabeth 23, 4020 Liège, BelgiumKBO/BCE: BE 1003.119.065
Summary

The computed 12-month bankruptcy probability of MIYAD is 2.5% (moderate). The 2025 annual accounts show equity of €14,206 and a net result of -€6,867. Its solvency ranks better than 28% of 18537 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability14▼-79
Solvency33▼-21
Growth32
Track record82
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.04 against 1.38 in 2024; short-term debt: 92% and cash: 2.7% of total assets), and 92% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
8%
Return on assets
-3.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 2 filings
Deviation from the deadline
2025
41 d late
2024
142 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 92 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 December 2023, MIYAD was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€14,206▼ 32.6%
2024 · €21,073
Total assets
€177,087▲ 147%
2024 · €71,598
Net result
-€6,867
2024 · €14,073
Working capital
€7,236▼ 62.1%
2024 · €19,103
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20242025
Operating result€18,003--€3,666
Net result€14,073within the sector's middle half--€6,867below the sector's middle half
Equity€21,073within the sector's middle half-€14,206within the sector's middle half▼ 32.6%
Total assets€71,598within the sector's middle half-€177,087within the sector's middle half▲ 147%
Debt€50,525-€162,881▲ 222%
Working capital€19,103-€7,236▼ 62.1%
Solvency29.4%within the sector's middle half-8.0%within the sector's middle half▼ 21.4pp
Staff (FTE)2-2.1▲ 5.0%
above within below the middle half (P25 to P75) of NACE 47, Retail trade, 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
-€10,000€0€10,000€20,000Operating result 2024: €18,003€18,003Net result 2024: €14,073€14,073Operating result 2025: -€3,666-€3,666Net result 2025: -€6,867-€6,86720242025-€10,000€0€10,000€20,000Operating result 2024: €18,003€18,000Net result 2024: €14,073€14,100Operating result 2025: -€3,666-€3,670Net result 2025: -€6,867-€6,87020242025
The operating result turns negative in 2025: a loss of €3,666 after €18,003 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,087
Fixed assets €6,970 ▲ 254%
Current assets €170,117 ▲ 144%
Equity and liabilities €177,087
Equity €14,206 ▼ 32.6%
Debt €162,881 ▲ 222%
Debt's share of the balance-sheet total rises from 70.6% to 92.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€2,165▼
2024 · €18,548
Cash flow
-€5,367▼
2024 · €14,618
Current ratio
1.04▼
2024 · 1.38
Quick ratio
0.55▲
2024 · 0.28
Debt to equity
11.47▲
2024 · 2.40
ROE
-48.3%▼
2024 · 66.8%
ROA
-3.9%▼
2024 · 19.7%
Interest coverage
-0.68▼
2024 · 60.50
Debt ≤ 1 year
€162,881▲
2024 · €50,525
Staff costs
€69,646▲
2024 · €64,336
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,304 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
5.2% went bankrupt
1.6% stopped otherwise
92% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

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 1,304 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€71,598€177,087▲
Fixed assets21/28€1,971€6,970▲
Tangible fixed assets22/27€1,971€6,970▲
Plant, machinery and equipment23€1,550€1,154▼
Furniture and vehicles24-€5,503
Other tangible fixed assets26€421€314▼
Current assets29/58€69,627€170,117▲
Stocks and contracts in progress3€55,339€81,190▲
Stocks30/36€55,339€81,190▲
Amounts receivable within one year40/41€6,415€83,657▲
Trade receivables40€6,393€83,657▲
Other amounts receivable41€23-
Cash at bank and in hand54/58€7,873€4,837▼
Deferred charges and accrued income490/1-€433
Equity and liabilities
Total equity and liabilities10/49€71,598€177,087▲
Equity10/15€21,073€14,206▼
Contributions10/11€7,000€7,000=
Profit (loss) carried forward14€14,073€7,206▼
Amounts payable17/49€50,525€162,881▲
Amounts payable within one year42/48€50,525€162,881▲
Trade debts44€3,474€72,933▲
Suppliers440/4€3,474€72,933▲
Taxes, remuneration and social security45€26,820€35,729▲
Taxes450/3€9,944€13,025▲
Remuneration and social security454/9€16,876€22,704▲
Other amounts payable47/48€20,231€54,219▲
Income statement Code20242025
Remuneration, social security and pensions62€64,336€69,646▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€545€1,500▲
Other operating charges640/8€805€1,743▲
Gross operating margin9900€83,689€69,224▼
Operating profit (loss)9901€18,003-€3,666▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€307€3,202▲
Recurring financial charges65€307€3,202▲
Profit (loss) for the period before taxes9903€17,697-€6,867▼
Income taxes67/77€3,623-
Profit (loss) for the period9904€14,073-€6,867▼
Profit (loss) for the period to be appropriated9905€14,073-€6,867▼
Appropriation of the result
Profit (loss) to be appropriated9906€14,073€7,206▼
Profit (loss) brought forward from the previous period14P-€14,073

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€64,336€69,646▲ 8.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€545€1,500▲ 175%
Other operating charges640/8€805€1,743▲ 116%
Gross operating margin9900€83,689€69,224▼ 17.3%
Operating profit (loss)9901€18,003-€3,666▼ 120%
Financial income75/76B€0€1▲ 389%
Recurring financial income75€0€1▲ 389%
Financial charges65/66B€307€3,202▲ 944%
Recurring financial charges65€307€3,202▲ 944%
Profit (loss) for the period before taxes9903€17,697-€6,867▼ 139%
Income taxes67/77€3,623--
Profit (loss) for the period9904€14,073-€6,867▼ 149%
Profit (loss) for the period to be appropriated9905€14,073-€6,867▼ 149%
Line20242025Change
Assets
Total assets20/58€71,598€177,087▲ 147%
Fixed assets21/28€1,971€6,970▲ 254%
Tangible fixed assets22/27€1,971€6,970▲ 254%
Plant, machinery and equipment23€1,550€1,154▼ 25.5%
Furniture and vehicles24-€5,503-
Other tangible fixed assets26€421€314▼ 25.5%
Current assets29/58€69,627€170,117▲ 144%
Stocks and contracts in progress3€55,339€81,190▲ 46.7%
Stocks30/36€55,339€81,190▲ 46.7%
Amounts receivable within one year40/41€6,415€83,657▲ 1,204%
Trade receivables40€6,393€83,657▲ 1,209%
Other amounts receivable41€23--
Cash at bank and in hand54/58€7,873€4,837▼ 38.6%
Deferred charges and accrued income490/1-€433-
Equity and liabilities
Total equity and liabilities10/49€71,598€177,087▲ 147%
Equity10/15€21,073€14,206▼ 32.6%
Contributions10/11€7,000€7,000=
Profit (loss) carried forward14€14,073€7,206▼ 48.8%
Amounts payable17/49€50,525€162,881▲ 222%
Amounts payable within one year42/48€50,525€162,881▲ 222%
Trade debts44€3,474€72,933▲ 1,999%
Suppliers440/4€3,474€72,933▲ 1,999%
Taxes, remuneration and social security45€26,820€35,729▲ 33.2%
Taxes450/3€9,944€13,025▲ 31.0%
Remuneration and social security454/9€16,876€22,704▲ 34.5%
Other amounts payable47/48€20,231€54,219▲ 168%
Line20242025Change
Profit (loss) for the period9904€14,073-€6,867▼ 149%
+ Depreciation and write-downs630€545€1,500▲ 175%
Operating cash flow (approximation)€14,618-€5,367▼ 137%
Investment in fixed assets (approximation)--€6,500-
Change in cash--€3,036-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
20-12
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 142 days late
NBB filing
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, Liège · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
152 m²
Building footprint
91 m²
Volume, LiDAR
1,312 m³
Parcel 62806C0622/00L004, Wallonia · tallest building 15.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Superette des Vennes
Avenue Reine-Elisabeth 23, 4020 LiègeRetail trade
since 20232.352.906.531
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62806C0622/00L004 Wallonia 152 m² 1 · 91 m² 15.1 m · 5 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.

Recognitions · licences · registrations

Food safety, FASFC

1 site
Liège2.352.906.531
1 permission
Toelating · Detailhandel · since 10-01-2024

Similar companies · same sector, comparable size

Of 10,510 companies in sector 47110 we hold annual accounts for 5,850. 3,818 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
Founded07-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47210Retail sale of fruit and vegetables
47251Retail sale of wines and spirits
47260Retail trade
47271Retail trade
47279Other retail sale of food
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003119065
Registered 08-01-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.