Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
MIR Bidco from Zaventem, company number BE0705934821, closed financial year 2025 with a result of € -6.6 million after tax. For that financial year MIR Bidco recorded revenue of € 1.8 million and equity of € 56.9 million. Compared with financial year 2024, the result moved from € -9.1 million to € -6.6 million. The company made a loss. The buffer shrank hard: equity is 67 % below last year. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 9, 2026.
€ 56.9 million
▼ 67% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6.6 million
▲ 27 % less loss than in 2024
Profit after tax over the fiscal year.
€ 11.6 million
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -30.1 million.
Debts at end 2025
€ 155 million
Loans from banks and other lenders, long and short.
€ 5.2 million
▲ 22% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 398 days on average.
€ 75,420
▼ 77% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,117,641 | € 1,841,786 | € 3,017,257 | € 1,771,443 | ▼ 41% |
| Profit after taxes | € -2,897,654 | € -2,821,632 | € -9,086,708 | € -6,624,966 | ▲ € 2.5 million |
| Equity | € 182,401,099 | € 179,579,468 | € 170,492,760 | € 56,918,792 | ▼ 67% |
| Total debts | € 109,962,493 | € 109,719,585 | € 160,915,457 | € 161,043,087 | |
| Cash | € 360,515 | € 254,732 | € 19,917,438 | € 11,576,390 | ▼ 42% |
| Retained profit | € -11,521,703 | € -14,343,334 | € -23,430,042 | € -30,055,008 | ▼ € 6.6 million |
| Bank debt | € 102,667,941 | € 102,667,941 | € 155,000,000 | € 155,000,000 | |
| Balance sheet total | € 292,363,592 | € 289,299,053 | € 331,408,218 | € 217,961,879 | ▼ 34% |
Key figures of MIR Bidco, 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 MIR Bidco?
What happened at MIR Bidco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- EV Up BV stepped down as director. NBB
- Alexander Bokhove stepped down as director. NBB
- Paul Heiden stepped down as director. NBB
- Christopher Payne stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6.6 million. Source: NBB ↗
- Hugo Clifford Wai Yuen Tanner stepped down as director. NBB
- EV Up BV became a director. NBB
- Christoph Leitner-Dietmaier stepped down as director. NBB
In short
From € 2.9 million loss in 2022 to € 6.6 million loss in 2025.
Paid € 884,486 in corporate taxes since 2022.
Management
The shares are held by Mir Lux Midco S.a.r.l. (100%). It owns 100% of Miraclon Belgium BV, 100% of Miraclon Shanghai Trading Company, 100% of Miraclon Japan Supply CO and 100% of Miraclon US HoldCo itself.
Directors
According to the 2025 annual accounts
Nicolas Reinhart
Managing director
since 2023 · until 2025
Paul Heiden
Director
since 2019 · until 2027
since 2026 · until 2031
Hugo Clifford Wai Yuen Tanner
Director
since 2023 · until 2026
Christoph Leitner-Dietmaier
Director
since 2019 · until 2026
Alexander Bokhove
Director
since 2026 · until 2031
Christopher Payne
Managing director
since 2019 · until 2027
Shareholders
Mir Lux Midco S.a.r.l.
100%
Participations
100%
Miraclon Shanghai Trading Company
100%
Miraclon Japan Supply CO
100%
Miraclon US HoldCo
100%
Establishments
Establishment units
Physical locations of this company
Excelsiorlaan 32-34
1930 Zaventem
Excelsiorlaan 32 - 34
1930 Zaventem
Active since 27 September 2018
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.
Details
- Company number
- 0705.934.821
- VAT number
- BE 0705.934.821
- Registered office
- Excelsiorlaan 32-34, 1930 Zaventem
- Names & denominations
- MIR Bidco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 September 2018
- Peppol
- Active · Active since 9 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings