MISB
ActiveSummary
MISB has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241,916 and a net result of -€8,084. Its solvency ranks better than 16% of 3,850 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
Peer companies
Historical observationOf the 440 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.5% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 440 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.
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €152,676 |
| Other operating charges640/8 | €2,021 |
| Gross operating margin9900 | €244,785 |
| Operating profit (loss)9901 | €90,088 |
| Financial charges65/66B | €98,171 |
| Recurring financial charges65 | €98,171 |
| Profit (loss) for the period before taxes9903 | -€8,084 |
| Profit (loss) for the period9904 | -€8,084 |
| Profit (loss) for the period to be appropriated9905 | -€8,084 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €2.0m | |
| Fixed assets21/28 | €2.0m | |
| Tangible fixed assets22/27 | €2.0m | |
| Land and buildings22 | €2.0m | |
| Assets under construction and advance payments27 | €0.02m | |
| Current assets29/58 | €0.05m | |
| Amounts receivable within one year40/41 | €0.02m | |
| Trade receivables40 | €0.02m | |
| Cash at bank and in hand54/58 | €0.03m | |
| Deferred charges and accrued income490/1 | €0.001m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €2.0m | |
| Equity10/15 | €0.2m | |
| Contributions10/11 | €0.3m | |
| Profit (loss) carried forward14 | -€0.008m | |
| Amounts payable17/49 | €1.8m | |
| Amounts payable after more than one year17 | €1.7m | |
| Financial debts170/4 | €1.7m | |
| Amounts payable within one year42/48 | €0.07m | |
| Current portion of amounts payable after more than one year42 | €0.07m | |
| Taxes, remuneration and social security45 | €0.003m | |
| Taxes450/3 | €0.003m | |
| Accrued charges and deferred income492/3 | €299 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€8,084 |
| + Depreciation and write-downs630 | €152,676 |
| Operating cash flow (approximation) | €144,593 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | full format | 02-04-2026 | 2026-00071379 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.