Summary
MISAL is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.2m and a net result of €404,732. Equity is growing by ~68.5% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 5 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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Financials · fiscal year 2024, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | €177 | €100 | €6 | ▼ 94.2% |
| Gross operating margin9900 | €101,186 | €241,084 | €301,282 | €219,919 | ▼ 27.0% |
| Operating profit (loss)9901 | €101,186 | €240,907 | €301,182 | €219,913 | ▼ 27.0% |
| Financial income75/76B | - | €100,000 | €300,000 | €280,000 | ▼ 6.7% |
| Recurring financial income75 | - | €100,000 | €300,000 | €280,000 | ▼ 6.7% |
| Financial charges65/66B | €33,959 | €48,186 | €70,274 | €53,603 | ▼ 23.7% |
| Recurring financial charges65 | €33,959 | €48,186 | €70,274 | €53,603 | ▼ 23.7% |
| Profit (loss) for the period before taxes9903 | €67,227 | €292,722 | €530,908 | €446,310 | ▼ 15.9% |
| Income taxes67/77 | €21,245 | €70,266 | €57,752 | €41,578 | ▼ 28.0% |
| Profit (loss) for the period9904 | €45,982 | €222,456 | €473,156 | €404,732 | ▼ 14.5% |
| Profit (loss) for the period to be appropriated9905 | €45,982 | €222,456 | €473,156 | €404,732 | ▼ 14.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €5.2m | €5.3m | €5.0m | €5.3m | ▲ 5.2% |
| Fixed assets21/28 | €5.0m | €5.0m | €5.0m | €5.1m | ▲ 2.0% |
| Financial fixed assets28 | €5.0m | €5.0m | €5.0m | €5.1m | ▲ 2.0% |
| Current assets29/58 | €180,592 | €267,285 | €20,228 | €181,786 | ▲ 799% |
| Amounts receivable within one year40/41 | - | €21,000 | - | €78,423 | - |
| Trade receivables40 | - | €21,000 | - | - | - |
| Other amounts receivable41 | - | - | - | €78,423 | - |
| Cash at bank and in hand54/58 | €180,592 | €246,285 | €20,228 | €103,364 | ▲ 411% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €5.2m | €5.3m | €5.0m | €5.3m | ▲ 5.2% |
| Equity10/15 | €104,382 | €325,238 | €796,728 | €1.2m | ▲ 50.6% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Reserves13 | €44,382 | €265,238 | €265,238 | €265,238 | = |
| Distributable reserves133 | €44,382 | €265,238 | €265,238 | €265,238 | = |
| Profit (loss) carried forward14 | - | - | €471,490 | €874,505 | ▲ 85.5% |
| Amounts payable17/49 | €5.1m | €4.9m | €4.2m | €4.1m | ▼ 3.3% |
| Amounts payable after more than one year17 | €4.8m | €4.4m | €4.0m | €3.8m | ▼ 4.1% |
| Financial debts170/4 | €4.8m | €4.4m | €4.0m | €3.8m | ▼ 4.1% |
| Amounts payable within one year42/48 | €238,955 | €517,651 | €240,586 | €261,549 | ▲ 8.7% |
| Current portion of amounts payable after more than one year42 | €196,071 | €430,024 | €163,141 | €174,684 | ▲ 7.1% |
| Trade debts44 | €1,730 | €1,845 | €1,769 | €3,326 | ▲ 88.0% |
| Suppliers440/4 | €1,730 | €1,845 | €1,769 | €3,326 | ▲ 88.0% |
| Taxes, remuneration and social security45 | €39,529 | €83,036 | €71,745 | €78,224 | ▲ 9.0% |
| Taxes450/3 | €34,129 | €83,036 | €69,575 | €69,544 | = |
| Remuneration and social security454/9 | €5,400 | - | €2,170 | €8,680 | ▲ 300% |
| Other amounts payable47/48 | €1,625 | €2,745 | €3,931 | €5,316 | ▲ 35.2% |
| Accrued charges and deferred income492/3 | €13,570 | €17,575 | €17,575 | €17,575 | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,982 | €222,456 | €473,156 | €404,732 | ▼ 14.5% |
| Operating cash flow (approximation) | €45,982 | €222,456 | €473,156 | €404,732 | ▼ 14.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€100,000 | - |
| Change in cash | - | €65,693 | -€226,056 | €83,135 | ▲ 137% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bonzeler, Oudler 64790 Burg-Reuland1 establishment unit
Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
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50%
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50%
According to the 2024 annual accounts of MISAL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.