MI-SO
ActiveSummary
MI-SO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€23,156) and a net result of €5,994. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability43▲+1
Solvency24=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.03 in 2024; short-term debt: 12.3% and cash: 0.4% of total assets), and equity is negative.
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Signals
Five 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 →
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 · 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
-0.6%
Return on assets
0.2%
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 20% of 14220 sector peers (2025).
NBB · sector comparisonPosition among 14220 sector peers
Solvency
better than 20%
← weakest
strongest →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
21 d early
2024
14 d early
2023
28 d early
2022
3 d early
2021
3 d early
2020
31 d late
2019
109 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#5 company by total assets in Riemst, Real estate sector
Equity
-€23,156▲ 20.6%
2024 · -€29,150
Total assets
€3.7m▼ 1.7%
2024 · €3.7m
Net result
€5,994
2024 · -€20,010
Working capital
-€430,508▼ 3.8%
2024 · -€414,748
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€245,172▼ 377%€42,545€48,019▲ 12.9%€30,648▼ 36.2%€54,942▲ 79.3%
Net result-€299,455below the sector's middle half▼ 220%-€10,298below the sector's middle half▲ 96.6%-€3,849within the sector's middle half▲ 62.6%-€20,010below the sector's middle half▼ 420%€5,994within the sector's middle half
Equity€5,007below the sector's middle half▼ 98.4%-€5,291below the sector's middle half-€9,141below the sector's middle half▼ 72.7%-€29,150below the sector's middle half▼ 219%-€23,156below the sector's middle half▲ 20.6%
Total assets€4.0mabove the sector's middle half▲ 5.9%€3.5mabove the sector's middle half▼ 10.4%€3.8mabove the sector's middle half▲ 7.2%€3.7mabove the sector's middle half▼ 2.3%€3.7mabove the sector's middle half▼ 1.7%
Debt€4.0m▲ 15.2%€3.6m▼ 10.2%€3.8m▲ 7.2%€3.7m▼ 1.7%€3.7m▼ 1.8%
Working capital-€390,184-€388,038▲ 0.5%-€379,971▲ 2.1%-€414,748▼ 9.2%-€430,508▼ 3.8%
Solvency0.1%below the sector's middle half▼ 8.0pp-0.1%below the sector's middle half▼ 0.3pp-0.2%below the sector's middle half▼ 0.1pp-0.8%below the sector's middle half▼ 0.5pp-0.6%below the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 79% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€3.6m ▼ 1.9%
Current assets
€20,009 ▲ 44.1%
Key figures and ratios
EBITDA
€143,002▼
2024 · €144,575
Cash flow
€94,054▲
2024 · €93,918
Current ratio
0.04▲
2024 · 0.03
ROA
0.2%▲
2024 · -0.5%
Interest coverage
2.92▲
2024 · 2.85
Debt ≤ 1 year
€450,517▲
2024 · €428,632
Debt > 1 year
€3.2m▼
2024 · €3.3m
A ratio outside any meaningful range has been withheld (balance sheet total €3.7m, equity -€23,156).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 457 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- negative equity
- a profit under 5% of the balance sheet
0.7%
went bankrupt
1.8%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 457 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €17,864 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €374,425 | €112,177 | €113,961 | €113,928 | €88,060 | ▼ 22.7% |
| Other operating charges640/8 | €5,499 | €14,989 | €16,456 | €20,056 | €21,612 | ▲ 7.8% |
| Gross operating margin9900 | €134,752 | €169,711 | €178,437 | €164,631 | €164,614 | = |
| Operating profit (loss)9901 | -€245,172 | €42,545 | €48,019 | €30,648 | €54,942 | ▲ 79.3% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €54,283 | €52,843 | €51,868 | €50,657 | €48,948 | ▼ 3.4% |
| Recurring financial charges65 | €54,283 | €52,843 | €51,868 | €50,657 | €48,948 | ▼ 3.4% |
| Profit (loss) for the period before taxes9903 | -€299,455 | -€10,298 | -€3,849 | -€20,010 | €5,994 | ▲ 130% |
| Profit (loss) for the period9904 | -€299,455 | -€10,298 | -€3,849 | -€20,010 | €5,994 | ▲ 130% |
| Profit (loss) for the period to be appropriated9905 | -€299,455 | -€10,298 | -€3,849 | -€20,010 | €5,994 | ▲ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.0m | €3.5m | €3.8m | €3.7m | €3.7m | ▼ 1.7% |
| Fixed assets21/28 | €3.4m | €3.3m | €3.8m | €3.7m | €3.6m | ▼ 1.9% |
| Tangible fixed assets22/27 | €3.4m | €3.3m | €3.8m | €3.7m | €3.6m | ▼ 1.9% |
| Land and buildings22 | €3.4m | €3.3m | €3.5m | €3.3m | €3.3m | ▼ 2.6% |
| Assets under construction and advance payments27 | €0 | €724 | €318,903 | €358,018 | €375,346 | ▲ 4.8% |
| Current assets29/58 | €524,844 | €213,031 | €24,982 | €13,883 | €20,009 | ▲ 44.1% |
| Amounts receivable within one year40/41 | €441,996 | €123,515 | €4,966 | €2,199 | €3,513 | ▲ 59.8% |
| Trade receivables40 | €94 | €0 | €4,075 | €2,057 | €3,513 | ▲ 70.8% |
| Other amounts receivable41 | €441,902 | €123,515 | €891 | €142 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €82,503 | €89,285 | €12,948 | €8,181 | €14,019 | ▲ 71.4% |
| Deferred charges and accrued income490/1 | €345 | €231 | €7,068 | €3,503 | €2,477 | ▼ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.0m | €3.5m | €3.8m | €3.7m | €3.7m | ▼ 1.7% |
| Equity10/15 | €5,007 | -€5,291 | -€9,141 | -€29,150 | -€23,156 | ▲ 20.6% |
| Contributions10/11 | €524,160 | €524,160 | €524,160 | €524,160 | €524,160 | = |
| Profit (loss) carried forward14 | -€519,153 | -€529,451 | -€533,301 | -€553,310 | -€547,316 | ▲ 1.1% |
| Amounts payable17/49 | €4.0m | €3.6m | €3.8m | €3.7m | €3.7m | ▼ 1.8% |
| Amounts payable after more than one year17 | €3.0m | €3.0m | €3.4m | €3.3m | €3.2m | ▼ 2.7% |
| Financial debts170/4 | €3.0m | €2.9m | €2.9m | €3.3m | €3.2m | ▼ 2.7% |
| Other amounts payable178/9 | €2,212 | €2,212 | €544,880 | €2,212 | €2,212 | = |
| Amounts payable within one year42/48 | €915,028 | €601,069 | €404,953 | €428,632 | €450,517 | ▲ 5.1% |
| Current portion of amounts payable after more than one year42 | €85,361 | €86,745 | €83,362 | €89,580 | €91,034 | ▲ 1.6% |
| Trade debts44 | €27,764 | €26,824 | €2,049 | €6,363 | €11,484 | ▲ 80.5% |
| Suppliers440/4 | €27,764 | €26,824 | €2,049 | €6,363 | €11,484 | ▲ 80.5% |
| Advances received on contracts in progress46 | - | - | €6,289 | €0 | - | - |
| Taxes, remuneration and social security45 | €314,402 | €0 | €3,253 | €2,688 | €1,851 | ▼ 31.1% |
| Taxes450/3 | €314,402 | €0 | €3,253 | €2,688 | €1,851 | ▼ 31.1% |
| Other amounts payable47/48 | €487,500 | €487,500 | €310,000 | €330,000 | €346,148 | ▲ 4.9% |
| Accrued charges and deferred income492/3 | €2,663 | €772 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€299,455 | -€10,298 | -€3,849 | -€20,010 | €5,994 | ▲ 130% |
| + Depreciation and write-downs630 | €374,425 | €112,177 | €113,961 | €113,928 | €88,060 | ▼ 22.7% |
| Operating cash flow (approximation) | €74,970 | €101,878 | €110,112 | €93,918 | €94,054 | ▲ 0.1% |
| Investment in fixed assets (approximation) | - | -€11,097 | -€555,791 | -€39,115 | -€18,780 | ▲ 52.0% |
| Change in cash | - | €6,782 | -€76,337 | -€4,767 | €5,838 | ▲ 222% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €5,994
Net result €5,994 after 6 loss-making years.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€299,455
Net result drops to -€299,455, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 109 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Riemst · 1 establishment unit since 2018
Ground area
3,137 m²
Building footprint
207 m²
Volume, LiDAR
1,122 m³
Parcel 73095C0255/00A000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MI-SO
since 20182.279.773.182
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73095C0255/00A000 | Flanders | 3,137 m² | 1 · 207 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 1,329 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68321Property management for co-owned buildings (syndics)
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0702756090
Also
9925:BE0702756090
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.