misaRAIL
misaRAIL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €-33k. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 31061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €21k |
| Net result | €-33k |
| Better than sector | 48% |
| Active | 11 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.4% | 55.9% | |
| Net result | €-33k | €27k | |
| Equity | €21k | €83k | |
| Gross operating margin | €-29k | €53k | |
| Total assets | €40k | €186k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-29k | €-26k | €22k | €55k | €14k |
| Net profit | €-33k | €-30k | €12k | €38k | €10k |
| Cash flow | €-30k | €-26k | €16k | €40k | €10k |
| Staff costs | - | - | - | - | - |
| Income taxes | €196 | €187 | €6k | €15k | €4k |
| Dividends | - | - | €13k | €25k | €14k |
| Total assets | €40k | €85k | €117k | €109k | €93k |
| Equity | €21k | €54k | €84k | €84k | €71k |
| Debt | €18k | €31k | €33k | €25k | €22k |
| of which ≤ 1y | €18k | €31k | €33k | €25k | €22k |
| of which > 1y | - | - | - | - | - |
| Working capital | €21k | €51k | €78k | €74k | €69k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.14 | 2.64 | 3.32 | 3.98 | 4.07 |
| Quick ratio | 2.14 | 2.64 | 3.32 | 3.98 | 4.07 |
| Working capital ratio | 53.0% | 60.4% | 66.1% | 67.8% | 73.7% |
| Solvency | 53.4% | 63.2% | 71.5% | 77.2% | 76.0% |
| Debt / equity | 0.87 | 0.58 | 0.40 | 0.30 | 0.32 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -38.73 | -179.42 | 291.56 | 324.68 | 44.34 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -82.5% | -35.4% | 10.5% | 35.1% | 10.3% |
| ROE | -154.5% | -56.0% | 14.7% | 45.4% | 13.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €40k | €85k | €117k | €109k | €93k |
| Fixed assets | 21/28 | €150 | €2k | €6k | €10k | €2k |
| Tangible fixed assets | 22/27 | - | €2k | €6k | €10k | €2k |
| Financial fixed assets | 28 | €150 | €191 | €191 | €191 | €191 |
| Current assets | 29/58 | €39k | €83k | €111k | €99k | €91k |
| Amounts receivable within one year | 40/41 | €19k | €23k | €40k | €27k | €33k |
| Cash & bank | 54/58 | €18k | €58k | €70k | €71k | €58k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €40k | €85k | €117k | €109k | €93k |
| Equity | 10/15 | €21k | €54k | €84k | €84k | €71k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €64k | €64k | €64k | €64k | €43k |
| Accumulated profits (losses) | 14 | €-61k | €-29k | €1k | €1k | €9k |
| Amounts payable | 17/49 | €18k | €31k | €33k | €25k | €22k |
| Amounts payable within one year | 42/48 | €18k | €31k | €33k | €25k | €22k |
| Trade debts payable within one year | 44 | €1k | €462 | €288 | €2k | €2k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-29k | €-25k | €23k | €55k | €15k |
| Operating result | 9901 | €-32k | €-30k | €18k | €53k | €14k |
| Financial income | 75 | - | - | €373 | €198 | - |
| Financial charges | 65 | €762 | €144 | €76 | €169 | €326 |
| Result before taxes | 9903 | €-32k | €-30k | €18k | €53k | €14k |
| Income taxes | 67/77 | €196 | €187 | €6k | €15k | €4k |
| Net result for the period | 9904 | €-33k | €-30k | €12k | €38k | €10k |
| Result to be appropriated | 9905 | €-33k | €-30k | €12k | €38k | €10k |
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 17-11-2014 |
| Status | Active |
| Postal code | 5541 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25060B0324/00G000 | Wallonia | 195 m² | 1 · 146 m² | 10.7 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
21-05-2024 Registered office moved from Charleroi to Hastière
- RUE DES VERRERIES, 35B,6040charfera → 27, Clos Saint-Pierre à 5541 Hastière-par-Delà
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "27, Clos Saint-Pierre \u00E0 5541 Hasti\u00E8re-par-Del\u00E0",
"city": "Hasti\u00E8re",
"region": "waals_gewest",
"street": "Clos Saint-Pierre",
"country": "BE",
"postcode": "5541",
"box_number": null,
"street_number": "27",
"locality_suffix": null
},
"old_address": {
"raw": "RUE DES VERRERIES, 35B,6040charfera",
"city": "Charleroi",
"region": "waals_gewest",
"street": "RUE DES VERRERIES",
"country": "BE",
"postcode": "6040",
"box_number": null,
"street_number": "35B",
"locality_suffix": null
},
"effective_date": "2024-05-10",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-05-21",
"filing_date": null,
"act_kind_objet": "Obiet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2024-04-02",
"unanimous": true
},
"subject_company": {
"kbo": "0567.876.305",
"name_full": "misaRAIL",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0764.363.364",
"org_name": "HD Consulting",
"person_name": null,
"org_rep_person_name": "Denis Higny",
"person_role_at_subject": null
},
"co_filed_documents": []
}| Legal nameFR | misaRAIL |