MISE
ActiveSummary
MISE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €733,629 and a net result of -€79,907. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 69% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▼-68
Solvency80▲+3
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.37 against 1.88 in 2024; short-term debt: 17.6% and cash: 0.7% of total assets), and 45% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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
6 d late
2024
16 d late
2023
7 d early
2022
28 d late
2021
21 d late
2020
27 d late
2019
18 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 16 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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Financials · fiscal year 2025, abbreviated schema
In the rankings
#3 oldest company in Dalhem, Real estate sector#5 company by equity in Dalhem, Real estate sector#8 company by total assets in Dalhem, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€79,907
2024 · €185,515
Working capital
€322,601▼ 17.4%
2024 · €390,390
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-€28,788▼ 3,839%-€109,207▼ 279%-€89,838▲ 17.7%€171,953-€91,106
Net result-€28,775below the sector's middle half-€84,109below the sector's middle half▼ 192%-€87,995below the sector's middle half▼ 4.6%€185,515above the sector's middle half-€79,907below the sector's middle half
Equity€798,660within the sector's middle half▼ 3.5%€716,015within the sector's middle half▼ 10.3%€628,020within the sector's middle half▼ 12.3%€813,536within the sector's middle half▲ 29.5%€733,629within the sector's middle half▼ 9.8%
Total assets€1.4mwithin the sector's middle half▼ 12.0%€1.5mwithin the sector's middle half▲ 3.9%€1.3mwithin the sector's middle half▼ 10.4%€1.6mwithin the sector's middle half▲ 16.5%€1.3mwithin the sector's middle half▼ 14.2%
Debt€634,092▼ 20.8%€773,307▲ 22.0%€706,457▼ 8.6%€741,404▲ 4.9%€600,880▼ 19.0%
Working capital€314,230▼ 12.6%€274,530▼ 12.6%€188,582▼ 31.3%€390,390▲ 107%€322,601▼ 17.4%
Solvency55.7%within the sector's middle half▲ 4.9pp48.1%within the sector's middle half▼ 7.7pp47.1%within the sector's middle half▼ 1.0pp52.3%within the sector's middle half▲ 5.3pp55.0%within the sector's middle half▲ 2.7pp
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €91,106 after €171,953 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€777,091 ▲ 7.7%
Current assets
€557,417 ▼ 33.1%
Equity and liabilities €1.3m
Equity
€733,629 ▼ 9.8%
Debt
€600,880 ▼ 19.0%
Debt's share of the balance-sheet total falls from 47.7% to 45.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4,236▼
2024 · €254,701
Cash flow
€15,435▼
2024 · €268,264
Current ratio
2.37▲
2024 · 1.88
Debt to equity
0.82▼
2024 · 0.91
ROE
-10.9%▼
2024 · 22.8%
ROA
-6.0%▼
2024 · 11.9%
Interest coverage
0.51▼
2024 · 31.33
Debt ≤ 1 year
€234,816▼
2024 · €442,808
Debt > 1 year
€366,063▲
2024 · €297,817
Income taxes
€373▼
2024 · €707
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 8,594 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91,619 | €73,641 | €81,495 | €82,748 | €95,342 | ▲ 15.2% |
| Other operating charges640/8 | €5,954 | €6,637 | €9,324 | €7,313 | €14,510 | ▲ 98.4% |
| Gross operating margin9900 | €68,785 | -€28,929 | €981 | €262,014 | €18,746 | ▼ 92.8% |
| Operating profit (loss)9901 | -€28,788 | -€109,207 | -€89,838 | €171,953 | -€91,106 | ▼ 153% |
| Financial income75/76B | €12,030 | €35,000 | €11,502 | €22,400 | €19,900 | ▼ 11.2% |
| Recurring financial income75 | €12,030 | €35,000 | €11,502 | €22,400 | €19,900 | ▼ 11.2% |
| Financial charges65/66B | €11,607 | €9,902 | €9,281 | €8,130 | €8,327 | ▲ 2.4% |
| Recurring financial charges65 | €11,607 | €9,902 | €9,281 | €8,130 | €8,327 | ▲ 2.4% |
| Profit (loss) for the period before taxes9903 | -€28,365 | -€84,109 | -€87,617 | €186,223 | -€79,533 | ▼ 143% |
| Income taxes67/77 | €410 | - | €379 | €707 | €373 | ▼ 47.2% |
| Profit (loss) for the period9904 | -€28,775 | -€84,109 | -€87,995 | €185,515 | -€79,907 | ▼ 143% |
| Profit (loss) for the period to be appropriated9905 | -€28,775 | -€84,109 | -€87,995 | €185,515 | -€79,907 | ▼ 143% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.5m | €1.3m | €1.6m | €1.3m | ▼ 14.2% |
| Formation expenses20 | €1,507 | €650 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €816,203 | €813,949 | €804,490 | €721,742 | €777,091 | ▲ 7.7% |
| Tangible fixed assets22/27 | €815,928 | €813,674 | €804,215 | €721,467 | €777,091 | ▲ 7.7% |
| Plant, machinery and equipment23 | €0 | €0 | €0 | €0 | €3,653 | - |
| Furniture and vehicles24 | €3,563 | €4,955 | €5,220 | €3,912 | €133,201 | ▲ 3,305% |
| Other tangible fixed assets26 | €812,365 | €808,719 | €798,996 | €717,555 | €640,238 | ▼ 10.8% |
| Financial fixed assets28 | €275 | €275 | €275 | €275 | €0 | ▼ 100% |
| Current assets29/58 | €615,042 | €674,723 | €529,987 | €833,198 | €557,417 | ▼ 33.1% |
| Amounts receivable after more than one year29 | €500,000 | €0 | - | €448,000 | €417,900 | ▼ 6.7% |
| Trade receivables290 | €500,000 | €0 | - | €448,000 | €417,900 | ▼ 6.7% |
| Amounts receivable within one year40/41 | €107,758 | €568,877 | €519,108 | €372,594 | €124,188 | ▼ 66.7% |
| Trade receivables40 | €7,109 | €18,962 | €67,698 | €349,784 | €83,883 | ▼ 76.0% |
| Other amounts receivable41 | €100,649 | €549,915 | €451,410 | €22,810 | €40,305 | ▲ 76.7% |
| Current investments50/53 | €39 | €100,039 | €39 | €39 | €39 | = |
| Cash at bank and in hand54/58 | €602 | €2,111 | €5,836 | €10,169 | €9,805 | ▼ 3.6% |
| Deferred charges and accrued income490/1 | €6,642 | €3,696 | €5,003 | €2,395 | €5,485 | ▲ 129% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €1.3m | €1.6m | €1.3m | ▼ 14.2% |
| Equity10/15 | €798,660 | €716,015 | €628,020 | €813,536 | €733,629 | ▼ 9.8% |
| Contributions10/11 | €18,600 | €20,065 | €20,065 | €20,065 | €20,065 | = |
| Reserves13 | €776,860 | €694,860 | €594,860 | €594,860 | €594,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €775,000 | €693,000 | €593,000 | €593,000 | €593,000 | = |
| Profit (loss) carried forward14 | €3,200 | €1,091 | €13,095 | €198,611 | €118,704 | ▼ 40.2% |
| Amounts payable17/49 | €634,092 | €773,307 | €706,457 | €741,404 | €600,880 | ▼ 19.0% |
| Amounts payable after more than one year17 | €333,280 | €373,114 | €365,052 | €297,817 | €366,063 | ▲ 22.9% |
| Financial debts170/4 | €333,280 | €373,114 | €365,052 | €297,817 | €366,063 | ▲ 22.9% |
| Amounts payable within one year42/48 | €300,812 | €400,193 | €341,405 | €442,808 | €234,816 | ▼ 47.0% |
| Current portion of amounts payable after more than one year42 | €63,969 | €61,218 | €67,010 | €67,235 | €101,075 | ▲ 50.3% |
| Financial debts43 | €0 | - | - | - | - | - |
| Credit institutions430/8 | €0 | - | - | - | - | - |
| Trade debts44 | €79,306 | €25,334 | €3,996 | €2,978 | €11,523 | ▲ 287% |
| Suppliers440/4 | €79,306 | €25,334 | €3,996 | €2,978 | €11,523 | ▲ 287% |
| Taxes, remuneration and social security45 | €17,898 | €0 | €644 | €50,833 | €3,579 | ▼ 93.0% |
| Taxes450/3 | €17,898 | €0 | €644 | €50,833 | €3,579 | ▼ 93.0% |
| Other amounts payable47/48 | €139,639 | €313,641 | €269,754 | €321,763 | €118,640 | ▼ 63.1% |
| Accrued charges and deferred income492/3 | €0 | - | - | €779 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,775 | -€84,109 | -€87,995 | €185,515 | -€79,907 | ▼ 143% |
| + Depreciation and write-downs630 | €91,619 | €73,641 | €81,495 | €82,748 | €95,342 | ▲ 15.2% |
| Operating cash flow (approximation) | €62,844 | -€10,468 | -€6,500 | €268,264 | €15,435 | ▼ 94.2% |
| Investment in fixed assets (approximation) | - | -€71,388 | -€72,036 | €0 | -€150,691 | - |
| Change in cash | - | €1,509 | €3,725 | €4,333 | -€364 | ▼ 108% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 6 days late
2025
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 16 days late
2024
31-12
Financial
Back to profitnet €185,515
Net result €185,515 after 3 loss-making years.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€87,995
Net result drops to -€87,995, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
2022
21-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 21 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Back to profitnet €4,903
Net result €4,903 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 18 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
Show earlier events
2017
08-12
State Gazette act
General meeting · Director appointment
Permanent representative · Director reappointment
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 53 days late
2015
03-07
State Gazette act
General meeting · Director reappointment
Permanent representative
2014
07-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Dalhem · 1 establishment unit since 2002
Ground area
9,370 m²
Building footprint
558 m²
Volume, LiDAR
2,863 m³
2 parcels, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Mons(BOM) 2, 4607 Dalhem
since 20022.094.769.537
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62018A0366/00A000 | Wallonia | 6,817 m² | 1 · 136 m² | - |
| 62018A0358/00E000 | Wallonia | 2,553 m² | 1 · 421 m² | 9.2 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 ownerChain of control
- LEJEUNE-BRUNE
- MISE
Highest known parent: LEJEUNE-BRUNE. The sources do not say who stands above it.
Owners 1
- LEJEUNE-BRUNEparent98.8%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
1 connected companyThe connected companies are in the list below.
This company
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Shareholding
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Linked via shared directors
HORIZON CONSTRUCT
Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
549300KBNGKXGTYBU091
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Of 11,757 companies in sector 68310 we hold annual accounts for 6,907. 4,126 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
Founded29-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477388270
Also
9925:BE0477388270
Registered
21-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.