MYRAS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is 84% higher than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1.7m | - |
| Depreciation and write-downs of the year | €53,414 | €42,782 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,414 | €42,782 | ▼ 19.9% |
| Other operating charges640/8 | €3,421 | €3,196 | ▼ 6.6% |
| Gross operating margin9900 | €97,708 | €121,007 | ▲ 23.8% |
| Operating profit (loss)9901 | €40,873 | €75,030 | ▲ 83.6% |
| Financial charges65/66B | €80,616 | €71,695 | ▼ 11.1% |
| Recurring financial charges65 | €80,616 | €71,695 | ▼ 11.1% |
| Profit (loss) for the period before taxes9903 | -€39,743 | €3,335 | - |
| Profit (loss) for the period9904 | -€39,743 | €3,335 | - |
| Profit (loss) for the period to be appropriated9905 | -€39,743 | €3,335 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.7m | €1.6m | ▼ 2.0% |
| Fixed assets21/28 | €1.7m | €1.6m | ▼ 2.6% |
| Tangible fixed assets22/27 | €1.7m | €1.6m | ▼ 2.6% |
| Land and buildings22 | €1.7m | €1.6m | ▼ 2.6% |
| Current assets29/58 | €43 | €0.01m | ▲ 235× |
| Cash at bank and in hand54/58 | €43 | €0.01m | ▲ 235× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.7m | €1.6m | ▼ 2.0% |
| Equity10/15 | -€0.02m | -€0.02m | ▲ 13.5% |
| Contributions10/11 | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.04m | -€0.04m | ▲ 8.4% |
| Amounts payable17/49 | €1.7m | €1.7m | ▼ 2.1% |
| Amounts payable after more than one year17 | €1.5m | €1.5m | ▼ 3.0% |
| Financial debts170/4 | €1.5m | €1.5m | ▼ 3.0% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | ▲ 6.3% |
| Current portion of amounts payable after more than one year42 | €0.05m | €0.05m | ▲ 5.1% |
| Trade debts44 | €0.003m | €0.002m | ▼ 53.5% |
| Suppliers440/4 | €0.003m | €0.002m | ▼ 53.5% |
| Other amounts payable47/48 | €0.1m | €0.1m | ▲ 8.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€39,743 | €3,335 | - |
| + Depreciation and write-downs630 | €53,414 | €42,782 | ▼ 19.9% |
| Operating cash flow (approximation) | €13,671 | €46,117 | ▲ 237% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €10,064 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 262 companies had the same profile as MYRAS has now. Two years later, 97.3% were still going and 1.1% had gone bankrupt.
- Small
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MYRAS itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 262 companies, not a prediction for MYRAS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.