MYRRHA
ActiveMYRRHA has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301.13M and a net result of €1.26M. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 2008 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▼-1
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 10.89 against 13.79 in 2024; short-term debt: 4.8% and cash: 3% of total assets), and 4.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.2%
Return on assets
0.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
4 d early
2024
17 d early
2023
33 d early
2022
14 d early
← before the deadline
after the deadline →
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 monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€301.13M▲ 9.4%
2024 · €275.27M
2022: €185.98M
2023: €234.93M
2024: €275.27M
2022 → 2025
Total assets
€316.42M▲ 9.9%
2024 · €287.81M
2022: €246.25M
2023: €244.79M
2024: €287.81M
2022 → 2025
Net result
€1.26M▼ 40.9%
2024 · €2.14M
2022: €-8.02M
2023: €4.75M
2024: €2.14M
2022 → 2025
Working capital
€151.13M▼ 5.8%
2024 · €160.37M
2022: €133.73M
2023: €153.05M
2024: €160.37M
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€185.98M-€234.93M▲ 26.3%€275.27M▲ 17.2%€301.13M▲ 9.4%
Operating result€-8.02M-€4.07M€-1.08M€-837k▲ 22.7%
Net result€-8.02M-€4.75M€2.14M▼ 55.1%€1.26M▼ 40.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €837k in 2025 against €1.08M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €316.42M
Fixed assets
€150.00M▲ 30.6%
Current assets
€166.42M▼ 3.8%
Equity and liabilities €316.42M
Equity
€301.13M▲ 9.4%
Debt
€15.29M▲ 21.9%
The debt ratio rises from 4.4% to 4.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-821k▲
2024 · €-1.07M
Cash flow
€1.28M▼
2024 · €2.15M
Solvency
95.2%▼
2024 · 95.6%
Current ratio
10.89▼
2024 · 13.79
Quick ratio
10.89▼
2024 · 13.79
Debt / equity
0.05▲
2024 · 0.05
ROE
0.4%▼
2024 · 0.8%
ROA
0.4%▼
2024 · 0.7%
Interest coverage
-372.17▲
2024 · -377.07
Debt
€15.29M▲
2024 · €12.54M
Debt ≤ 1 year
€15.29M▲
2024 · €12.54M
Income taxes
€901k▼
2024 · €1.38M
Staff costs
€428k▲
2024 · €426k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€287.81M€316.42M▲
Fixed assets21/28€114.90M€150.00M▲
Tangible fixed assets22/27€114.90M€150.00M▲
Plant, machinery and equipment23€27k€14k▼
Furniture and vehicles24€10k€9k▼
Assets under construction and advance payments27€114.86M€149.98M▲
Current assets29/58€172.91M€166.42M▼
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€1.41M€4.07M▲
Trade receivables40€0-
Other amounts receivable41€1.41M€4.07M▲
Current investments50/53€134.50M€151.90M▲
Cash at bank and in hand54/58€36.59M€9.53M▼
Deferred charges and accrued income490/1€419k€921k▲
Equity and liabilities
Total equity and liabilities10/49€287.81M€316.42M▲
Equity10/15€275.27M€301.13M▲
Contributions10/11€276.40M€301.00M▲
Capital10€276.40M€301.00M▲
Profit (loss) carried forward14€-1.13M€133k▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Amounts payable17/49€12.54M€15.29M▲
Amounts payable within one year42/48€12.54M€15.29M▲
Trade debts44€12.50M€15.25M▲
Suppliers440/4€12.50M€15.25M▲
Taxes, remuneration and social security45€40k€41k▲
Taxes450/3€159€252▲
Remuneration and social security454/9€40k€41k▲
Income statement
Code20242025
Operating income70/76A€24k€12k▼
Other operating income74€24k€12k▼
Non-recurring operating income76A€0-
Operating charges60/66A€1.11M€849k▼
Services and other goods61€679k€405k▼
Remuneration, social security and pensions62€426k€428k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▲
Other operating charges640/8€646€0▼
Operating profit (loss)9901€-1.08M€-837k▲
Financial income75/76B€4.60M€3.00M▼
Recurring financial income75€4.60M€3.00M▼
Income from current assets751€4.60M€3.00M▼
Other financial income752/9€0€0▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Debt charges650€3k€2k▼
Profit (loss) for the period before taxes9903€3.52M€2.16M▼
Income taxes67/77€1.38M€901k▼
Taxes670/3€1.38M€901k▼
Profit (loss) for the period9904€2.14M€1.26M▼
Profit (loss) for the period to be appropriated9905€2.14M€1.26M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.13M€133k▲
Profit (loss) brought forward from the previous period14P€-3.27M€-1.13M▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (33 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €250MEq €275.27M ▲17.2%
2 profitable years in a row build equity to €275.27M.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €4.75M
Net result €4.75M after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 16.56
Current ratio from 3.22 to 16.56; short-term debt falls from €60.27M to €9.84M.
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
26-09-2023
Resigned as Director
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Egmontstraat 111000 BrusselGround area
1,190 m²
Building footprint
501 m²
Volume, LiDAR
9,009 m³
Parcel 21805E0528/00Y000, Brussels · tallest building 25.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
MYRRHA
since 20232.336.805.026
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0528/00Y000 | Brussels | 1,190 m² | 1 · 501 m² | 25.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
8 connected companiesNetwork connections
Shared address
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Show 4 more network connections
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Public money · subsidies and aid
Federal government
2024 to 2025 · 3 entries · 33,450,000 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Economie | 1 | 8,050,000 EUR |
| 2025 | POD Wetenschapsbeleid | 1 | 8,050,000 EUR |
| 2024 | POD Wetenschapsbeleid | 1 | 17,350,000 EUR |
Budget allocations
Toelage aan de IVZW MYRRHA. Constructie fase 1 - MINERVA
Toelage MYRRHA (bouwfase) - Dotatie aan de IVZW MYRRHA
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,563. 56 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formInt'l non-profit association
Founded16-12-2021
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
72109Other research and development on natural sciences
24460Manufacture of basic metals
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.