MYR
ActiveSummary
MYR has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-132k) and a net result of €-41k. Equity is shrinking by ~80.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability21▲+8
Solvency3=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 0.93 in 2024; short-term debt: 121.8% and cash: 0.7% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
-21.8%
Return on assets
-6.8%
Age of the figures
15 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-132k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
on the day
2022
11 d early
2021
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-132k▼ 45.4%
2024 · €-91k
2021: €6khighest in 5 years
2022: €-10k▼ -280% vs 2021
2023: €-50k▼ -382% vs 2022
2024: €-91k▼ -83.4% vs 2023
2025: €-132k▼ -45.4% vs 2024lowest in 5 years
2021 → 2025
Total assets
€609k▲ 45.8%
2024 · €418k
2021: €317klowest in 5 years
2022: €865k▲ +173% vs 2021
2023: €1.05M▲ +21.0% vs 2022highest in 5 years
2024: €418k▼ -60.1% vs 2023
2025: €609k▲ +45.8% vs 2024
2021 → 2025
Net result
€-41k▲ 0.1%
2024 · €-41k
2021: €-4khighest in 5 years
2022: €-16k▼ -274% vs 2021
2023: €-39k▼ -146% vs 2022
2024: €-41k▼ -5.2% vs 2023lowest in 5 years
2025: €-41k▲ +0.1% vs 2024
2021 → 2025
Working capital
€-132k▼ 341%
2024 · €-30k
2021: €76k
2022: €220k▲ +190% vs 2021
2023: €397k▲ +80.6% vs 2022highest in 5 years
2024: €-30k▼ -108% vs 2023
2025: €-132k▼ -341% vs 2024lowest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€-10k€-50k▼ 382%€-91k▼ 83.4%€-132k▼ 45.4%
2021: €6khighest in 5 years
2022: €-10k▼ -280% vs 2021
2023: €-50k▼ -382% vs 2022
2024: €-91k▼ -83.4% vs 2023
2025: €-132k▼ -45.4% vs 2024lowest in 5 years
Operating result€-3k-€-5k▼ 35.6%€-16k▼ 234%€-9k▲ 43.5%€-3k▲ 63.2%
2021: €-3k
2022: €-5k▼ -35.6% vs 2021
2023: €-16k▼ -234% vs 2022lowest in 5 years
2024: €-9k▲ +43.5% vs 2023
2025: €-3k▲ +63.2% vs 2024highest in 5 years
Net result€-4k-€-16k▼ 274%€-39k▼ 146%€-41k▼ 5.2%€-41k▲ 0.1%
2021: €-4khighest in 5 years
2022: €-16k▼ -274% vs 2021
2023: €-39k▼ -146% vs 2022
2024: €-41k▼ -5.2% vs 2023lowest in 5 years
2025: €-41k▲ +0.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €9k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-21.8%▲
2024 · -21.8%
Current ratio
0.82▼
2024 · 0.93
Quick ratio
0.01▼
2024 · 0.13
Debt to equity
-5.60▼
2024 · -5.59
ROA
-6.8%▲
2024 · -9.9%
Debt
€741k▲
2024 · €509k
Debt ≤ 1 year
€741k▲
2024 · €448k
Debt > 1 year
€0▼
2024 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€418k€609k▲
Current assets29/58€418k€609k▲
Stocks and contracts in progress3€360k€603k▲
Stocks30/36€360k€603k▲
Amounts receivable within one year40/41€57k€2k▼
Trade receivables40€13k€0▼
Other amounts receivable41€44k€2k▼
Cash at bank and in hand54/58€741€4k▲
Deferred charges and accrued income490/1€358€75▼
Equity and liabilities
Total equity and liabilities10/49€418k€609k▲
Equity10/15€-91k€-132k▼
Contributions10/11€10k€10k=
Profit (loss) carried forward14€-101k€-142k▼
Amounts payable17/49€509k€741k▲
Amounts payable after more than one year17€61k€0▼
Financial debts170/4€61k€0▼
Amounts payable within one year42/48€448k€741k▲
Financial debts43€434k€733k▲
Credit institutions430/8€434k€733k▲
Trade debts44€14k€8k▼
Suppliers440/4€14k€8k▼
Other amounts payable47/48€0-
Income statement
Code20242025
Other operating charges640/8€2k€968▼
Gross operating margin9900€-7k€-2k▲
Operating profit (loss)9901€-9k€-3k▲
Financial income75/76B€285€0▼
Recurring financial income75€285€0▼
Financial charges65/66B€33k€38k▲
Recurring financial charges65€33k€38k▲
Profit (loss) for the period before taxes9903€-41k€-41k▲
Profit (loss) for the period9904€-41k€-41k▲
Profit (loss) for the period to be appropriated9905€-41k€-41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-101k€-142k▼
Profit (loss) brought forward from the previous period14P€-60k€-101k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €276 | €457 | €2k | €968 | ▼ 48.1% |
| Gross operating margin9900 | €-3k | €-4k | €-15k | €-7k | €-2k | ▲ 67.2% |
| Operating profit (loss)9901 | €-3k | €-5k | €-16k | €-9k | €-3k | ▲ 63.2% |
| Financial income75/76B | - | - | - | €285 | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €285 | €0 | ▼ 100% |
| Financial charges65/66B | - | €11k | €24k | €33k | €38k | ▲ 16.2% |
| Recurring financial charges65 | €821 | €11k | €24k | €33k | €38k | ▲ 16.2% |
| Profit (loss) for the period before taxes9903 | €-4k | €-16k | €-39k | €-41k | €-41k | ▲ 0.1% |
| Profit (loss) for the period9904 | €-4k | €-16k | €-39k | €-41k | €-41k | ▲ 0.1% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €-16k | €-39k | €-41k | €-41k | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €317k | €865k | €1.05M | €418k | €609k | ▲ 45.8% |
| Current assets29/58 | €317k | €865k | €1.05M | €418k | €609k | ▲ 45.8% |
| Stocks and contracts in progress3 | €309k | €840k | €1.03M | €360k | €603k | ▲ 67.5% |
| Stocks30/36 | - | €840k | €1.03M | €360k | €603k | ▲ 67.5% |
| Amounts receivable within one year40/41 | €8k | €23k | €17k | €57k | €2k | ▼ 96.6% |
| Trade receivables40 | - | - | €16k | €13k | €0 | ▼ 100% |
| Other amounts receivable41 | - | €23k | €1k | €44k | €2k | ▼ 95.6% |
| Cash at bank and in hand54/58 | - | €2k | €0 | €741 | €4k | ▲ 471% |
| Deferred charges and accrued income490/1 | - | - | €538 | €358 | €75 | ▼ 79.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €317k | €865k | €1.05M | €418k | €609k | ▲ 45.8% |
| Equity10/15 | €6k | €-10k | €-50k | €-91k | €-132k | ▼ 45.4% |
| Contributions10/11 | - | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-4k | €-20k | €-60k | €-101k | €-142k | ▼ 41.0% |
| Amounts payable17/49 | €311k | €875k | €1.10M | €509k | €741k | ▲ 45.7% |
| Amounts payable after more than one year17 | €70k | €230k | €447k | €61k | €0 | ▼ 100% |
| Financial debts170/4 | - | €230k | €447k | €61k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €241k | €645k | €650k | €448k | €741k | ▲ 65.6% |
| Financial debts43 | - | €627k | €629k | €434k | €733k | ▲ 69.2% |
| Credit institutions430/8 | - | €627k | €629k | €434k | €733k | ▲ 69.2% |
| Trade debts44 | €54k | €17k | €20k | €14k | €8k | ▼ 44.4% |
| Suppliers440/4 | - | €17k | €20k | €14k | €8k | ▼ 44.4% |
| Other amounts payable47/48 | - | €995 | €995 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-16k | €-39k | €-41k | €-41k | ▲ 0.1% |
| Operating cash flow (approximation) | €-4k | €-16k | €-39k | €-41k | €-41k | ▲ 0.1% |
| Change in cash | - | - | €-2k | €741 | €3k | ▲ 371% |
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
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-41k
Net result drops to €-41k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Bonheiden · 1 establishment unit since 2021
Ground area
146 m²
Building footprint
167 m²
Volume, LiDAR
692 m³
Parcel 12031B0901/00C000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
MYR
since 20212.312.095.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031B0901/00C000 | Flanders | 146 m² | 1 · 167 m² | 7.1 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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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 1,428 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
Founded14-01-2021
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.