MIRAN EXPRESS

Active

Private limited companyfounded 201412 yrs activeEikstraat 64, 9300 Aalst, BelgiumKBO/BCE: BE 0554.727.855

The computed 12-month bankruptcy probability of MIRAN EXPRESS is 1.9% (moderate). The 2025 annual accounts show equity of €25k and a net result of €1k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 45% of 103 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

79 / 100

Excellent▲ +9 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability24▲+24

Solvency48▼-45

Growth78=

Stability100

Bankruptcy probability, 12 months

1.9% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.05 against 1.81 in 2024), and 70.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 53

Relative position

BE, all sectors

reference

Sector 53

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

29.9%

Return on assets

1.4%

Age of the figures

8 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

31 d late

2024

30 d late

2023

37 d early

2022

32 d late

2021

61 d late

2020

31 d late

2019

117 d late

← before the deadline after the deadline →

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 months

Position in the running window

05-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity

€25k▲ 5.0%

2024 · €24k

2021: €24k 2022: €21k 2023: €24k 2024: €24k

2021 → 2025

Total assets

€85k▲ 95.4%

2024 · €43k

2021: €55k 2022: €52k 2023: €60k 2024: €43k

2021 → 2025

Net result

€1k

2024 · €-178

2021: €-6k 2022: €-2k 2023: €3k 2024: €-178

2021 → 2025

Working capital

€3k▼ 74.7%

2024 · €11k

2021: €2k 2022: €4k 2023: €-6k 2024: €11k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€24k-€21k▼ 9.2%€24k▲ 13.6%€24k▼ 0.7%€25k▲ 5.0%

Operating result€-6k-€-2k▲ 63.1%€4k€1k▼ 65.6%€1k▲ 13.8%

Net result€-6k-€-2k▲ 63.7%€3k€-178€1k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 14% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €85k

27.6%

72.4%

Fixed assets €23k▲ 19.1%

Current assets €61k▲ 158%

Equity and liabilities €85k

29.9%

70.1%

Equity €25k▲ 5.0%

Debt €59k▲ 209%

The debt ratio rises from 44.4% to 70.1%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€9k▲

2024 · €8k

Cash flow

€9k▲

2024 · €7k

Solvency

29.9%▼

2024 · 55.6%

Current ratio

1.05▼

2024 · 1.81

Quick ratio

1.05▼

2024 · 1.81

Debt / equity

2.35▲

2024 · 0.80

ROE

4.7%▲

2024 · -0.7%

ROA

1.4%▲

2024 · -0.4%

Interest coverage

91.70▲

2024 · 6.71

Debt

€59k▲

2024 · €19k

Debt ≤ 1 year

€59k▲

2024 · €13k

Income taxes

€541▲

2024 · €198

Staff costs

€30k▲

2024 · €15k

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

Total assets 20/58€43k€85k▲

Fixed assets 21/28€20k€23k▲

Tangible fixed assets 22/27€19k€23k▲

Financial fixed assets 28€150€150=

Current assets 29/58€24k€61k▲

Amounts receivable within one year 40/41€14k€32k▲

Cash & bank 54/58€10k-

Total equity & liabilities 10/49€43k€85k▲

Equity 10/15€24k€25k▲

Contributions / capital 10/11€19k€19k=

Accumulated profits (losses) 14€6k€7k▲

Amounts payable 17/49€19k€59k▲

Amounts payable within one year 42/48€13k€59k▲

Trade debts payable within one year 44€2k€206▼

Income statement Code20242025

Gross operating margin 9900€27k€41k▲

Operating result 9901€1k€1k▲

Financial income 75€9€389▲

Financial charges 65€1k€95▼

Result before taxes 9903€21€2k▲

Income taxes 67/77€198€541▲

Net result for the period 9904€-178€1k▲

Result to be appropriated 9905€-178€1k▲

Timeline · acts, filings and financial milestones

All 14Financial 3Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 31 days late

24-03

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment3 facts ▸

General meeting, 10/03/2026
Director resignation, Turan Medine (bestuurder)
Director appointment, Fikret Karaoglan (bestuurder)

2025

31-12

Financial Back to profitnet €1k

Net result €1k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 30 days late

2024

31-12

Financial Liquidity doublescurrent ratio 1.81

Current ratio from 0.83 to 1.81; short-term debt falls from €36k to €13k.

24-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Back to profitnet €3k

Net result €3k after 2 loss-making years.

01-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 32 days late

2022

30-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 61 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 31 days late

2020

25-11

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 117 days late

2019

31-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 31 days late

2018

30-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 30 days late

2017

09-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 9 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 6 acts read

About the unread acts

Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

3 directors, last change in 2026

Karaoglan Fikret

Director · since 10-03-2026

Current

10-03-2026 Karaoglan Fikret: Appointed as Director

10-03-2026 Turan Medine: Resigned as Director

01-01-2023 Turan Medine: Appointed as Manager

31-12-2022 Karaoglan Fikret: Resigned as Manager

01-02-2018 Turan Medine: Appointed as Manager

10-10-2014 Yildirim Ahmet: Resigned as Manager

1 further event in the mandate history. Available in Kantoor S. See plans →

Not every act has been read: a resignation may be missing here

5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Aalst · 1 establishment unit since 2014

exact location from the address register On OpenStreetMap

Ground area

289 m²

Building footprint

301 m²

Volume, LiDAR

1,616 m³

2 parcels, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

MIRAN