MISATO
ActiveSummary
MISATO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30,166 and a net result of -€13,472. Equity is shrinking by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 37948 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 1.82 against 26.35 in 2023; short-term debt: 9.6% and cash: 5% of total assets), and 17% of the assets are financed with debt.
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 2024Solvency, return and age of the figures
Solvency
83%
Return on assets
-37.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€13,472
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 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
not confirmed
2024
25 d late
2023
50 d late
2022
56 d late
2021
16 d early
2020
5 d early
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€30,166▼ 30.9%
2023 · €43,638
Total assets
€36,362▼ 23.7%
2023 · €47,683
Net result
-€13,472▲ 86.6%
2023 · -€100,546
Working capital
€2,875▼ 61.2%
2023 · €7,403
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€27,027▼ 52.3%-€14,589-€20,243▼ 38.8%-€19,093▲ 5.7%-€14,755▲ 22.7%
Net result€23,933▼ 66.3%-€13,239-€18,437▼ 39.3%-€100,546▼ 445%-€13,472▲ 86.6%
Equity€175,861▲ 15.8%€162,622▼ 7.5%€144,185▼ 11.3%€43,638▼ 69.7%€30,166▼ 30.9%
Total assets€202,131▼ 9.0%€183,798▼ 9.1%€153,409▼ 16.5%€47,683▼ 68.9%€36,362▼ 23.7%
Debt€18,539▼ 69.7%€14,771▼ 20.3%€4,145▼ 71.9%€292▼ 93.0%€3,769▲ 1,191%
Working capital€31,288▲ 976%€26,720▼ 14.6%€16,953▼ 36.6%€7,403▼ 56.3%€2,875▼ 61.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,755 in 2024 against €19,093 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €36,362
Fixed assets
€29,992 ▼ 25.0%
Current assets
€6,370 ▼ 17.2%
Equity and liabilities €36,362
Equity
€30,166 ▼ 30.9%
Provisions
€2,427 ▼ 35.3%
Debt
€3,769 ▲ 1,191%
Debt's share of the balance-sheet total rises from 0.6% to 10.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€4,758▲
2023 · -€9,097
Cash flow
-€3,476▲
2023 · -€90,549
Current ratio
1.82▼
2023 · 26.35
Debt to equity
0.12▲
2023 · 0.01
ROE
-44.7%▲
2023 · -230.4%
ROA
-37.1%▲
2023 · -210.9%
Interest coverage
-108.62▲
2023 · -233.25
Debt ≤ 1 year
€3,495▲
2023 · €292
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 5,827 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,000 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,773 | €9,997 | €9,997 | €9,997 | €9,997 | = |
| Other operating charges640/8 | - | €1,472 | €1,499 | €1,647 | €1,700 | ▲ 3.3% |
| Non-recurring operating charges66A | - | - | €2,217 | - | - | - |
| Gross operating margin9900 | €41,726 | -€3,120 | -€6,530 | -€7,450 | -€3,057 | ▲ 59.0% |
| Operating profit (loss)9901 | €27,027 | -€14,589 | -€20,243 | -€19,093 | -€14,755 | ▲ 22.7% |
| Financial income75/76B | - | €476 | €312 | - | - | - |
| Recurring financial income75 | €572 | €476 | €312 | - | - | - |
| Financial charges65/66B | - | €37 | €39 | €82,364 | €44 | ▼ 99.9% |
| Recurring financial charges65 | €27 | €37 | €39 | €39 | €44 | ▲ 12.3% |
| Non-recurring financial charges66B | - | - | - | €82,325 | - | - |
| Profit (loss) for the period before taxes9903 | €27,572 | -€14,150 | -€19,970 | -€101,457 | -€14,798 | ▲ 85.4% |
| Transfer from deferred taxes780 | - | €1,326 | €1,326 | €1,326 | €1,326 | = |
| Income taxes67/77 | €4,965 | €415 | -€206 | €415 | - | - |
| Profit (loss) for the period9904 | €23,933 | -€13,239 | -€18,437 | -€100,546 | -€13,472 | ▲ 86.6% |
| Transfer from tax-exempt reserves789 | - | €3,978 | €3,978 | €3,978 | €3,978 | = |
| Profit (loss) for the period to be appropriated9905 | €27,911 | -€9,261 | -€14,459 | -€96,568 | -€9,494 | ▲ 90.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €202,131 | €183,798 | €153,409 | €47,683 | €36,362 | ▼ 23.7% |
| Fixed assets21/28 | €152,304 | €142,307 | €132,310 | €39,989 | €29,992 | ▼ 25.0% |
| Tangible fixed assets22/27 | €69,979 | €59,982 | €49,985 | €39,988 | €29,991 | ▼ 25.0% |
| Land and buildings22 | - | €59,982 | €49,985 | €39,988 | €29,991 | ▼ 25.0% |
| Financial fixed assets28 | €82,326 | €82,326 | €82,326 | €1 | €1 | = |
| Current assets29/58 | €49,827 | €41,490 | €21,098 | €7,695 | €6,370 | ▼ 17.2% |
| Amounts receivable after more than one year29 | - | - | €20,000 | €4,172 | €4,172 | = |
| Other amounts receivable291 | - | - | €20,000 | €4,172 | €4,172 | = |
| Amounts receivable within one year40/41 | €8,472 | €3,880 | €158 | €275 | €377 | ▲ 37.1% |
| Trade receivables40 | - | €1,377 | - | - | - | - |
| Other amounts receivable41 | - | €2,503 | €158 | €275 | €377 | ▲ 37.1% |
| Cash at bank and in hand54/58 | €1,355 | €37,611 | €409 | €2,989 | €1,821 | ▼ 39.1% |
| Deferred charges and accrued income490/1 | - | - | €531 | €258 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €202,131 | €183,798 | €153,409 | €47,683 | €36,362 | ▼ 23.7% |
| Equity10/15 | €175,861 | €162,622 | €144,185 | €43,638 | €30,166 | ▼ 30.9% |
| Contributions10/11 | €141,640 | €141,640 | €141,640 | €141,640 | €238,208 | ▲ 68.2% |
| Capital10 | - | €141,640 | €141,640 | €141,640 | €238,208 | ▲ 68.2% |
| Issued capital100 | - | €141,640 | €141,640 | €141,640 | €238,208 | ▲ 68.2% |
| Reserves13 | €46,109 | €42,131 | €38,153 | €34,175 | €30,197 | ▼ 11.6% |
| Non-distributable reserves130/1 | - | €14,164 | €14,164 | €14,164 | €14,164 | = |
| Legal reserve130 | - | €14,164 | €14,164 | €14,164 | €14,164 | = |
| Tax-exempt reserves132 | - | €25,574 | €21,596 | €17,618 | €13,640 | ▼ 22.6% |
| Distributable reserves133 | - | €2,392 | €2,392 | €2,392 | €2,392 | = |
| Profit (loss) carried forward14 | -€11,888 | -€21,149 | -€35,608 | -€132,177 | -€238,239 | ▼ 80.2% |
| Provisions and deferred taxes16 | €7,731 | €6,405 | €5,079 | €3,753 | €2,427 | ▼ 35.3% |
| Deferred taxes168 | - | €6,405 | €5,079 | €3,753 | €2,427 | ▼ 35.3% |
| Amounts payable17/49 | €18,539 | €14,771 | €4,145 | €292 | €3,769 | ▲ 1,191% |
| Amounts payable within one year42/48 | €18,539 | €14,771 | €4,145 | €292 | €3,495 | ▲ 1,097% |
| Trade debts44 | €1,737 | €1,729 | €363 | €292 | - | - |
| Suppliers440/4 | - | €1,729 | €363 | €292 | - | - |
| Taxes, remuneration and social security45 | - | €6,378 | €99 | - | - | - |
| Taxes450/3 | - | €6,378 | €99 | - | - | - |
| Other amounts payable47/48 | - | €6,664 | €3,683 | - | €3,495 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €274 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,933 | -€13,239 | -€18,437 | -€100,546 | -€13,472 | ▲ 86.6% |
| + Depreciation and write-downs630 | €10,773 | €9,997 | €9,997 | €9,997 | €9,997 | = |
| Operating cash flow (approximation) | €34,706 | -€3,242 | -€8,441 | -€90,549 | -€3,476 | ▲ 96.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €82,325 | €0 | ▼ 100% |
| Change in cash | - | €36,256 | -€37,202 | €2,581 | -€1,169 | ▼ 145% |
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
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-12
Financial
Weakest financial yearnet -€100,546
Net result drops to -€100,546, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 26.35
Current ratio from 5.09 to 26.35; short-term debt falls from €4,145 to €292.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 2.69
Current ratio from 1.05 to 2.69; short-term debt falls from €56,194 to €18,539.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Back to profitnet €70,960
Net result €70,960 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €151,928 ▲34.7%
Equity rises from €112,806 to €151,928.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Leuven · 1 establishment unit since 1987
Ground area
7,048 m²
Building footprint
1,179 m²
Volume, LiDAR
21,233 m³
2 parcels, Flanders · tallest building 22.5 m, ±7 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
MISATO
since 19872.032.860.177
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24505F0511/00L000 | Flanders | 4,716 m² | 1 · 1,020 m² | 22.5 m · 7 fl. |
| 24051B0078/00Z000 | Flanders | 2,331 m² | 1 · 159 m² | 9.0 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
10%
According to the 2024 annual accounts of MISATO 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.
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I.N.T.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 34,401 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-04-1987
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0430861726
Also
9925:BE0430861726
Registered
26-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.