Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Miraclon Belgium from Zaventem, company number BE0635794715, closed financial year 2025 with a result of € 1.2 million after tax. For that financial year Miraclon Belgium recorded revenue of € 73.4 million and equity of € 16.6 million. Compared with financial year 2024, the result moved from € 1.6 million to € 1.2 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 16.6 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.2 million
▼ 25% vs 2024
Profit after tax over the fiscal year.
€ 8.5 million
▲ 140% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -23.5 million.
People and assets in 2025
48
▲ 2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.5 million
▲ 3% vs 2024
€ 240,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 950,000
▲ 36% vs 2024
Loans from banks and other lenders, long and short.
€ 20.7 million
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 133 days on average.
€ 3.7 million
▼ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 69,204,788 | € 65,674,335 | € 71,759,645 | € 73,360,368 | ▲ 2% |
| Profit after taxes | € -973,175 | € -3,417,868 | € 1,598,669 | € 1,193,257 | ▼ 25% |
| Equity | € 17,248,491 | € 13,830,623 | € 15,429,293 | € 16,622,550 | ▲ 8% |
| Total debts | € 35,415,108 | € 52,592,584 | € 25,676,852 | € 25,621,897 | |
| Cash | € 9,469,791 | € 21,813,269 | € 3,534,487 | € 8,500,216 | ▲ 140% |
| Retained profit | € -22,854,211 | € -26,272,079 | € -24,673,409 | € -23,480,152 | ▲ € 1.2 million |
| Bank debt | € 14,000,000 | € 29,850,000 | € 700,000 | € 950,000 | ▲ 36% |
| Balance sheet total | € 52,663,599 | € 66,423,208 | € 41,106,145 | € 42,244,447 | ▲ 3% |
| Employees (FTE) | 42.8 | 44.9 | 46 | 48 | ▲ 2 |
Key figures of Miraclon Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Miraclon Belgium?
What happened at Miraclon Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.2 million (▼ 25% vs 2024). Source: NBB ↗
- EV Up BV became a director. NBB
- Jo Geirnaert became a director. NBB
- Grant Blewett became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
- Christopher Joseph Payne became a director. NBB
In short
From € 973,175 loss in 2022 to € 1.2 million profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2024, with € 1.6 million profit.
Pays suppliers within 133 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Miraclon Belgium are Grant Blewett, EV Up BV, Christopher Joseph Payne and Jo Geirnaert. The shares are held by Mir Bidco (100%). It owns 100% of Miraclon Israel Ltd, 100% of Miraclon Canada Inc., 100% of Miraclon India Private Limited, 100% of Miraclon Comercializadora S.A. de C.V. and 100% of Miraclon Singapore Pte. Ltd. itself.
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
Miraclon Israel Ltd
100%
Miraclon Canada Inc.
100%
Miraclon India Private Limited
100%
Miraclon Comercializadora S.A. de C.V.
100%
Miraclon Singapore Pte. Ltd.
100%
Establishments
Establishment units
Physical locations of this company
Excelsiorlaan 32-34
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
Domain
Domain
miraclon.com
Registered
2017-09-03
Registrar
CSC Corporate Domains, Inc.
Expires
2026-09-03
Website info
Features
Security
Details
- Company number
- 0635.794.715
- VAT number
- BE 0635.794.715
- Registered office
- Excelsiorlaan 32-34, 1930 Zaventem
- Names & denominations
- Miraclon Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 August 2015
- Peppol
- Active · Active since 9 Dec 2025
- Contact
- miraclon.com
- Activities · NACE
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