MIYATEX
ActiveSummary
MIYATEX has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9,380 and a net result of €3,352. Equity is growing by ~92.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
59
/ 100
Fair
The figures in the accounts for fiscal year 2024 give a score of 59 on their own. A confirmed filing finding caps the score. Each of these causes sets the same score on its own. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▲+20
Solvency61▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.52 against 1.41 in 2023; short-term debt: 64.1% and cash: 20.7% of total assets), but 64.1% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
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
35.9%
Return on assets
12.8%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2026, 419 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
419 d late
2023
139 d late
2022
52 d late
2021
22 d late
2020
151 d late
2019
122 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 151 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€49,488
EBIT margin
-2.1%
Net result
€3,352▲ 260%
2023 · €932
Working capital
€8,706▲ 62.6%
2023 · €5,354
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
Line20202021202220232024
Turnover
Operating result-€3,491▼ 300%€2,484€4,835▲ 94.7%€1,093▼ 77.4%€4,095▲ 275%
Net result-€3,682below the sector's middle half▼ 224%€2,308within the sector's middle half€4,671within the sector's middle half▲ 102%€932within the sector's middle half▼ 80.0%€3,352within the sector's middle half▲ 260%
EBIT margin
Equity-€3,363below the sector's middle half-€1,055below the sector's middle half▲ 68.6%€3,616below the sector's middle half€6,028within the sector's middle half▲ 66.7%€9,380within the sector's middle half▲ 55.6%
Total assets€7,261below the sector's middle half▼ 11.7%€16,732below the sector's middle half▲ 130%€7,325below the sector's middle half▼ 56.2%€19,115below the sector's middle half▲ 161%€26,162below the sector's middle half▲ 36.9%
Debt€10,624▲ 34.4%€17,787▲ 67.4%€3,710▼ 79.1%€13,088▲ 253%€16,782▲ 28.2%
Working capital-€3,537within the sector's middle half-€1,229within the sector's middle half▲ 65.3%€2,942within the sector's middle half€5,354within the sector's middle half▲ 82.0%€8,706within the sector's middle half▲ 62.6%
Solvency-46.3%below the sector's middle half▼ 50.2pp-6.3%below the sector's middle half▲ 40.0pp49.4%within the sector's middle half▲ 55.7pp31.5%within the sector's middle half▼ 17.8pp35.9%within the sector's middle half▲ 4.3pp
Current ratio0.67below the sector's middle half▼ 0.350.93within the sector's middle half▲ 0.261.79within the sector's middle half▲ 0.861.41within the sector's middle half▼ 0.381.52within the sector's middle half▲ 0.11
Return on assets (ROA)-50.7%below the sector's middle half▼ 36.9pp13.8%within the sector's middle half▲ 64.5pp63.8%above the sector's middle half▲ 50.0pp4.9%within the sector's middle half▼ 58.9pp12.8%above the sector's middle half▲ 7.9pp
Staff (FTE)10.4▼ 60.0%
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.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 275% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €26,162
Fixed assets
€674 =
Current assets
€25,488 ▲ 38.2%
Equity and liabilities €26,162
Equity
€9,380 ▲ 55.6%
Debt
€16,782 ▲ 28.2%
Debt's share of the balance-sheet total falls from 68.5% to 64.1%. Equity and debt are higher.
Key figures and ratios
Quick ratio
0.80▼
2023 · 1.20
Debt to equity
1.79▼
2023 · 2.17
ROE
35.7%▲
2023 · 15.5%
Debt ≤ 1 year
€16,782▲
2023 · €13,088
Income taxes
€582
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
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 higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €10,767 | €8,240 | €76 | - | - |
| Other operating charges640/8 | - | - | €351 | - | €77 | - |
| Gross operating margin9900 | €4,869 | €13,251 | €13,426 | €1,169 | €4,172 | ▲ 257% |
| Operating profit (loss)9901 | -€3,491 | €2,484 | €4,835 | €1,093 | €4,095 | ▲ 275% |
| Financial charges65/66B | - | €176 | €165 | €161 | €161 | = |
| Recurring financial charges65 | €192 | €176 | €165 | €161 | €161 | = |
| Profit (loss) for the period before taxes9903 | -€3,682 | €2,308 | €4,671 | €932 | €3,934 | ▲ 322% |
| Income taxes67/77 | - | - | - | - | €582 | - |
| Profit (loss) for the period9904 | -€3,682 | €2,308 | €4,671 | €932 | €3,352 | ▲ 260% |
| Profit (loss) for the period to be appropriated9905 | -€3,682 | €2,308 | €4,671 | €932 | €3,352 | ▲ 260% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,261 | €16,732 | €7,325 | €19,115 | €26,162 | ▲ 36.9% |
| Fixed assets21/28 | €174 | €174 | €674 | €674 | €674 | = |
| Financial fixed assets28 | €174 | €174 | €674 | €674 | €674 | = |
| Current assets29/58 | €7,087 | €16,558 | €6,651 | €18,442 | €25,488 | ▲ 38.2% |
| Stocks and contracts in progress3 | €267 | €608 | €1,908 | €2,750 | €12,016 | ▲ 337% |
| Stocks30/36 | - | €608 | €1,908 | €2,750 | €12,016 | ▲ 337% |
| Amounts receivable within one year40/41 | €5,774 | €5,896 | €1,361 | €10,930 | €8,045 | ▼ 26.4% |
| Trade receivables40 | - | €4,935 | - | €8,400 | - | - |
| Other amounts receivable41 | - | €961 | €1,361 | €2,530 | €8,045 | ▲ 218% |
| Cash at bank and in hand54/58 | €1,047 | €10,054 | €3,111 | €4,491 | €5,427 | ▲ 20.9% |
| Deferred charges and accrued income490/1 | - | - | €271 | €271 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,261 | €16,732 | €7,325 | €19,115 | €26,162 | ▲ 36.9% |
| Equity10/15 | -€3,363 | -€1,055 | €3,616 | €6,028 | €9,380 | ▲ 55.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€21,963 | -€19,655 | -€14,984 | -€12,572 | -€9,220 | ▲ 26.7% |
| Amounts payable17/49 | €10,624 | €17,787 | €3,710 | €13,088 | €16,782 | ▲ 28.2% |
| Amounts payable within one year42/48 | €10,624 | €17,787 | €3,710 | €13,088 | €16,782 | ▲ 28.2% |
| Trade debts44 | €891 | €10,029 | €1,584 | €11,710 | €12,352 | ▲ 5.5% |
| Suppliers440/4 | - | €10,029 | €1,584 | €11,710 | €12,352 | ▲ 5.5% |
| Taxes, remuneration and social security45 | - | €7,758 | €2,125 | €1,377 | €4,431 | ▲ 222% |
| Taxes450/3 | - | €1,377 | €1,377 | €1,377 | €4,431 | ▲ 222% |
| Remuneration and social security454/9 | - | €6,381 | €748 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,682 | €2,308 | €4,671 | €932 | €3,352 | ▲ 260% |
| Operating cash flow (approximation) | -€3,682 | €2,308 | €4,671 | €932 | €3,352 | ▲ 260% |
| Investment in fixed assets (approximation) | - | €0 | -€500 | €0 | €0 | - |
| Change in cash | - | €9,007 | -€6,943 | €1,379 | €937 | ▼ 32.1% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 419 days late
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 139 days late
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
31-12
Financial
Highest result since 2018net €4,671 ▲102%
Operating result €4,835, net result €4,671, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €2,308
Net result €2,308 after 3 loss-making years.
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 151 days late
2020
31-12
Financial
Weakest financial yearnet -€3,682
Net result drops to -€3,682, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Liquidity times 5current ratio 1.02
Current ratio from 0.19 to 1.02; short-term debt falls from €43,181 to €7,905.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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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Directors · office · real estate
Directors
7 acts for this company are 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, Schaarbeek · 1 establishment unit since 2002
Ground area
269 m²
Building footprint
265 m²
Volume, LiDAR
2,692 m³
Parcel 21908E0023/00F014, Brussels · tallest building 40.4 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Brabantstraat 113, 1030 Schaarbeek
since 20022.115.060.452
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0023/00F014 | Brussels | 269 m² | 1 · 265 m² | 40.4 m · 2 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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S.F.H Group
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ELST
BE 0747.732.616
Rijkevorsel · Eq €9,440
Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,203 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
Founded19-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478023819
Also
9925:BE0478023819
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.