M.I.S.
ActiveSummary
M.I.S. has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.40M) and a net result of €243k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 5% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+35
Solvency0=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 110.9% of total assets, and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-79.8%
Return on assets
13.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 14128 sector peers (2025).
NBB · sector comparisonPosition among 14128 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · 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 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
85 d late
2022
29 d late
2021
57 d late
2020
31 d late
2019
70 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-1.40M▲ 14.8%
2024 · €-1.65M
2018: €-1.63M
2019: €-1.63M▼ -0.1% vs 2018
2020: €-1.63M▼ -0.2% vs 2019
2021: €-1.64M● -0.0% vs 2020
2022: €-1.64M▼ -0.3% vs 2021
2023: €-1.64M▼ -0.2% vs 2022
2024: €-1.65M▼ -0.1% vs 2023lowest in 8 years
2025: €-1.40M▲ +14.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.76M=
2024 · €1.76M
2018: €270k
2019: €125▼ -100.0% vs 2018lowest value
2024: €1.76Mhighest value
2025: €1.76M● -0.0% vs 2024
2018 → 2025
Net result
€243k
2024 · €-2k
2018: €-383
2019: €-2k▼ -343% vs 2018
2020: €-4k▼ -122% vs 2019
2021: €-807▲ +78.6% vs 2020
2022: €-5k▼ -561% vs 2021lowest in 8 years
2023: €-4k▲ +33.9% vs 2022
2024: €-2k▲ +45.2% vs 2023
2025: €243k▲ +12710% vs 2024highest in 8 years
2018 → 2025
Working capital
€-2.20M▼ 738%
2019 · €-262k
2018: €-88khighest value
2019: €-262k▼ -198% vs 2018
2024: €-2.20Mlowest value
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-1.64M-€-1.64M▼ 0.3%€-1.64M▼ 0.2%€-1.65M▼ 0.1%€-1.40M▲ 14.8%
2021: €-1.64M
2022: €-1.64M▼ -0.3% vs 2021
2023: €-1.64M▼ -0.2% vs 2022
2024: €-1.65M▼ -0.1% vs 2023lowest in 5 years
2025: €-1.40M▲ +14.8% vs 2024highest in 5 years
Operating result€-807-€-5k▼ 556%€-4k▲ 33.4%€-2k▲ 46.6%€244k
2021: €-807
2022: €-5k▼ -556% vs 2021lowest in 5 years
2023: €-4k▲ +33.4% vs 2022
2024: €-2k▲ +46.6% vs 2023
2025: €244k▲ +13048% vs 2024highest in 5 years
Net result€-807-€-5k▼ 561%€-4k▲ 33.9%€-2k▲ 45.2%€243k
2021: €-807
2022: €-5k▼ -561% vs 2021lowest in 5 years
2023: €-4k▲ +33.9% vs 2022
2024: €-2k▲ +45.2% vs 2023
2025: €243k▲ +12710% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €244k after a loss of €2k in 2024, the highest result in the available series.
Key figures and ratios
Solvency
-79.8%▲
2024 · -93.6%
Debt to equity
-2.25▼
2024 · -2.07
ROA
13.8%▲
2024 · -0.1%
Debt
€3.16M▼
2024 · €3.41M
Debt ≤ 1 year
€1.95M▼
2024 · €2.20M
Debt > 1 year
€1.21M=
2024 · €1.21M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 30 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.76M€1.76M=
Fixed assets21/28€1.76M€1.76M=
Financial fixed assets28€1.76M€1.76M=
Current assets29/58€50-
Cash at bank and in hand54/58€50-
Equity and liabilities
Total equity and liabilities10/49€1.76M€1.76M=
Equity10/15€-1.65M€-1.40M▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-1.67M€-1.42M▲
Amounts payable17/49€3.41M€3.16M▼
Amounts payable after more than one year17€1.21M€1.21M=
Other amounts payable178/9€1.21M€1.21M=
Amounts payable within one year42/48€2.20M€1.95M▼
Trade debts44€10k€14k▲
Suppliers440/4€10k€14k▲
Other amounts payable47/48€2.19M€1.94M▼
Accrued charges and deferred income492/3€1k€3k▲
Income statement
Code20242025
Other operating charges640/8-€998
Gross operating margin9900€-2k€245k▲
Operating profit (loss)9901€-2k€244k▲
Financial charges65/66B€50€50▲
Recurring financial charges65€50€50▲
Profit (loss) for the period before taxes9903€-2k€243k▲
Profit (loss) for the period9904€-2k€243k▲
Profit (loss) for the period to be appropriated9905€-2k€243k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.67M€-1.42M▲
Profit (loss) brought forward from the previous period14P€-1.66M€-1.67M▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €695 | €437 | - | - | €998 | - |
| Gross operating margin9900 | €-112 | €-5k | €-4k | €-2k | €245k | ▲ 13,101% |
| Operating profit (loss)9901 | €-807 | €-5k | €-4k | €-2k | €244k | ▲ 13,048% |
| Financial charges65/66B | - | €43 | - | €50 | €50 | ▲ 0.1% |
| Recurring financial charges65 | - | €43 | - | €50 | €50 | ▲ 0.1% |
| Profit (loss) for the period before taxes9903 | €-807 | €-5k | €-4k | €-2k | €243k | ▲ 12,710% |
| Profit (loss) for the period9904 | €-807 | €-5k | €-4k | €-2k | €243k | ▲ 12,710% |
| Profit (loss) for the period to be appropriated9905 | €-807 | €-5k | €-4k | €-2k | €243k | ▲ 12,710% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | - | - | - | €1.76M | €1.76M | = |
| Fixed assets21/28 | - | - | - | €1.76M | €1.76M | = |
| Financial fixed assets28 | - | - | - | €1.76M | €1.76M | = |
| Current assets29/58 | - | - | - | €50 | - | - |
| Cash at bank and in hand54/58 | - | - | - | €50 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | - | - | - | €1.76M | €1.76M | = |
| Equity10/15 | €-1.64M | €-1.64M | €-1.64M | €-1.65M | €-1.40M | ▲ 14.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-1.66M | €-1.66M | €-1.66M | €-1.67M | €-1.42M | ▲ 14.6% |
| Amounts payable17/49 | €1.64M | €1.64M | €1.64M | €3.41M | €3.16M | ▼ 7.2% |
| Amounts payable after more than one year17 | €1.37M | €1.37M | €1.21M | €1.21M | €1.21M | = |
| Other amounts payable178/9 | €1.37M | €1.37M | €1.21M | €1.21M | €1.21M | = |
| Amounts payable within one year42/48 | €267k | €270k | €435k | €2.20M | €1.95M | ▼ 11.1% |
| Trade debts44 | €4k | €7k | €9k | €10k | €14k | ▲ 31.5% |
| Suppliers440/4 | €4k | €7k | €9k | €10k | €14k | ▲ 31.5% |
| Other amounts payable47/48 | €263k | €263k | €426k | €2.19M | €1.94M | ▼ 11.3% |
| Accrued charges and deferred income492/3 | - | €1k | €2k | €1k | €3k | ▲ 73.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-807 | €-5k | €-4k | €-2k | €243k | ▲ 12,710% |
| Operating cash flow (approximation) | €-807 | €-5k | €-4k | €-2k | €243k | ▲ 12,710% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
29-07
State Gazette act
Resignation: Ludmila Fanok (director)Director discharge4 facts ▸
State Gazette act
Resignation: Ludmila Fanok (director)
Director discharge4 facts ▸
- General meeting, 03/06/2026
- Director resignation, Ludmila Fanok (director)
- Director discharge, Céline Westheide
- Director discharge, Ludmila Fanok
2025
31-12
Financial
Back to profitnet €243k
Net result €243k after 7 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 85 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
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.
29-07-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
12 of this company's 13 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, Braine-l'Alleud · 1 establishment unit since 2001
Ground area
1,800 m²
Building footprint
283 m²
Volume, LiDAR
2,170 m³
2 parcels, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
M.I.S.
since 20012.097.827.215
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110S0026/00A003 | Wallonia | 1,520 m² | 1 · 218 m² | 9.5 m · 2 fl. |
| 25014N0588/00_000 | Wallonia | 281 m² | 1 · 65 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-11-2000
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
Scores and ratios are computed by Checked and are not a credit decision.