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Misera

Active
Private limited companyfounded 2022active for 4 yearsMichel De Braeystraat 18, 2000 Antwerpen, BelgiumKBO/BCE: BE 0784.995.165
Summary

The computed 12-month bankruptcy probability of Misera is 9.4% (elevated). The 2025 annual accounts show equity of €88,542 and a net result of €7,151. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 32% of 4,763 sector peers (NACE 56, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 2 administrative register entries (see administrative flags).

Financials · financial year 2025, abbreviated format

Turnover
≈ €1.1m
Estimated: probably between €1.0m and €1.5m
Total assets
€715,645▲ 26.3%
2024 · €566,757
Net result
€7,151▼ 74.6%
2024 · €28,197
Working capital
€5,077
2024 · -€23,544
Trend over the years

2023 to 2025, 3 financial years

The operating result has fallen two years in a row; 2025 is 45% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€34,990 2025 Net result€7,151 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line202320242025
Operating result€75,267-€63,473▼ 15.7%€34,990▼ 44.9%
Net result€46,194within the sector's middle half-€28,197within the sector's middle half▼ 39.0%€7,151within the sector's middle half▼ 74.6%
Equity€53,194within the sector's middle half-€81,391within the sector's middle half▲ 53.0%€88,542within the sector's middle half▲ 8.8%
Total assets€483,141within the sector's middle half-€566,757within the sector's middle half▲ 17.3%€715,645within the sector's middle half▲ 26.3%
Debt€429,947-€485,366▲ 12.9%€627,103▲ 29.2%
Working capital-€2,073within the sector's middle half--€23,544within the sector's middle half▼ 1,036%€5,077within the sector's middle half
Solvency11.0%within the sector's middle half-14.4%within the sector's middle half▲ 3.4pp12.4%within the sector's middle half▼ 2.0pp
Current ratio0.99within the sector's middle half-0.91within the sector's middle half▼ 0.081.01within the sector's middle half▲ 0.10
Return on assets (ROA)9.6%within the sector's middle half-5.0%within the sector's middle half▼ 4.6pp1.0%within the sector's middle half▼ 4.0pp
Staff (FTE)8.3within the sector's middle half-7.8within the sector's middle half▼ 6.0%7.6within the sector's middle half▼ 2.6%
above within below the middle half of NACE 56, Food and beverage service activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €715,645
Fixed assets €333,879 ▲ 3.3%
Current assets €381,767 ▲ 56.8%
Equity and liabilities €715,645
Equity €88,542 ▲ 8.8%
Debt €627,103 ▲ 29.2%
Debt's share of the balance-sheet total rises from 85.6% to 87.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€95,816▼
2024 · €113,339
Cash flow
€67,976▼
2024 · €78,063
Quick ratio
0.57▲
2024 · 0.46
Debt to equity
7.08▲
2024 · 5.96
ROE
8.1%▼
2024 · 34.6%
Interest coverage
4.19▼
2024 · 4.83
Debt ≤ 1 year
€376,690▲
2024 · €266,971
Debt > 1 year
€201,258▲
2024 · €171,170
Income taxes
€8,137▼
2024 · €14,136
Staff costs
€360,516▲
2024 · €344,117
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
94.9% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 9.4% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,542 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€566,757€715,645▲
Fixed assets21/28€323,329€333,879▲
Intangible fixed assets21€9,851€7,256▼
Tangible fixed assets22/27€297,579€310,722▲
Plant, machinery and equipment23€160,121€152,942▼
Furniture and vehicles24€110,570€116,636▲
Other tangible fixed assets26€26,888€41,144▲
Financial fixed assets28€15,900€15,900=
Current assets29/58€243,428€381,767▲
Amounts receivable after more than one year29€57,500€57,500=
Other amounts receivable291€57,500€57,500=
Stocks and contracts in progress3€119,365€166,000▲
Stocks30/36€119,365€166,000▲
Amounts receivable within one year40/41€27,833€111,850▲
Trade receivables40€13,503€80,314▲
Other amounts receivable41€14,330€31,535▲
Cash at bank and in hand54/58€29,775€10,834▼
Deferred charges and accrued income490/1€8,954€35,583▲
Equity and liabilities
Total equity and liabilities10/49€566,757€715,645▲
Equity10/15€81,391€88,542▲
Contributions10/11€7,000€7,000=
Profit (loss) carried forward14€74,391€81,542▲
Amounts payable17/49€485,366€627,103▲
Amounts payable after more than one year17€171,170€201,258▲
Financial debts170/4€171,170€201,258▲
Amounts payable within one year42/48€266,971€376,690▲
Current portion of amounts payable after more than one year42€53,366€71,687▲
Trade debts44€125,000€181,773▲
Suppliers440/4€125,000€181,773▲
Taxes, remuneration and social security45€88,606€73,341▼
Taxes450/3€37,424€25,114▼
Remuneration and social security454/9€51,182€48,228▼
Other amounts payable47/48-€49,888
Accrued charges and deferred income492/3€47,225€49,155▲
Income statement Code20242025
Remuneration, social security and pensions62€344,117€360,516▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49,866€60,826▲
Other operating charges640/8€6,934€5,596▼
Gross operating margin9900€464,390€461,928▼
Operating profit (loss)9901€63,473€34,990▼
Financial income75/76B€2,333€3,167▲
Recurring financial income75€2,333€3,167▲
Financial charges65/66B€23,474€22,869▼
Recurring financial charges65€23,474€22,869▼
Profit (loss) for the period before taxes9903€42,333€15,288▼
Income taxes67/77€14,136€8,137▼
Profit (loss) for the period9904€28,197€7,151▼
Profit (loss) for the period to be appropriated9905€28,197€7,151▼
Appropriation of the result
Profit (loss) to be appropriated9906€74,391€81,542▲
Profit (loss) brought forward from the previous period14P€46,194€74,391▲
Social balance sheet
Average headcount (FTE)90877.87.6▼

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€279,444€344,117€360,516▲ 4.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31,866€49,866€60,826▲ 22.0%
Other operating charges640/8€12,018€6,934€5,596▼ 19.3%
Gross operating margin9900€398,594€464,390€461,928▼ 0.5%
Operating profit (loss)9901€75,267€63,473€34,990▼ 44.9%
Financial income75/76B€2,173€2,333€3,167▲ 35.7%
Recurring financial income75€2,173€2,333€3,167▲ 35.7%
Financial charges65/66B€27,309€23,474€22,869▼ 2.6%
Recurring financial charges65€27,309€23,474€22,869▼ 2.6%
Profit (loss) for the period before taxes9903€50,131€42,333€15,288▼ 63.9%
Income taxes67/77€3,936€14,136€8,137▼ 42.4%
Profit (loss) for the period9904€46,194€28,197€7,151▼ 74.6%
Profit (loss) for the period to be appropriated9905€46,194€28,197€7,151▼ 74.6%
Line202320242025Change
Assets
Total assets20/58€483,141€566,757€715,645▲ 26.3%
Fixed assets21/28€273,070€323,329€333,879▲ 3.3%
Intangible fixed assets21€6,662€9,851€7,256▼ 26.3%
Tangible fixed assets22/27€262,208€297,579€310,722▲ 4.4%
Plant, machinery and equipment23€184,985€160,121€152,942▼ 4.5%
Furniture and vehicles24€77,223€110,570€116,636▲ 5.5%
Other tangible fixed assets26-€26,888€41,144▲ 53.0%
Financial fixed assets28€4,200€15,900€15,900=
Current assets29/58€210,071€243,428€381,767▲ 56.8%
Amounts receivable after more than one year29€57,500€57,500€57,500=
Other amounts receivable291€57,500€57,500€57,500=
Stocks and contracts in progress3€40,252€119,365€166,000▲ 39.1%
Stocks30/36€40,252€119,365€166,000▲ 39.1%
Amounts receivable within one year40/41€22,672€27,833€111,850▲ 302%
Trade receivables40€16,431€13,503€80,314▲ 495%
Other amounts receivable41€6,241€14,330€31,535▲ 120%
Cash at bank and in hand54/58€84,141€29,775€10,834▼ 63.6%
Deferred charges and accrued income490/1€5,506€8,954€35,583▲ 297%
Equity and liabilities
Total equity and liabilities10/49€483,141€566,757€715,645▲ 26.3%
Equity10/15€53,194€81,391€88,542▲ 8.8%
Contributions10/11€7,000€7,000€7,000=
Profit (loss) carried forward14€46,194€74,391€81,542▲ 9.6%
Amounts payable17/49€429,947€485,366€627,103▲ 29.2%
Amounts payable after more than one year17€175,286€171,170€201,258▲ 17.6%
Financial debts170/4€175,286€171,170€201,258▲ 17.6%
Amounts payable within one year42/48€212,144€266,971€376,690▲ 41.1%
Current portion of amounts payable after more than one year42€55,853€53,366€71,687▲ 34.3%
Trade debts44€87,044€125,000€181,773▲ 45.4%
Suppliers440/4€87,044€125,000€181,773▲ 45.4%
Taxes, remuneration and social security45€69,247€88,606€73,341▼ 17.2%
Taxes450/3€38,903€37,424€25,114▼ 32.9%
Remuneration and social security454/9€30,344€51,182€48,228▼ 5.8%
Other amounts payable47/48--€49,888-
Accrued charges and deferred income492/3€42,517€47,225€49,155▲ 4.1%
Line202320242025Change
Profit (loss) for the period9904€46,194€28,197€7,151▼ 74.6%
+ Depreciation and write-downs630€31,866€49,866€60,826▲ 22.0%
Operating cash flow (approximation)€78,060€78,063€67,976▼ 12.9%
Investment in fixed assets (approximation)--€100,125-€71,375▲ 28.7%
Change in cash--€54,366-€18,941▲ 65.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (3)
Financial year Type Filed Reference
30-06-2025 abbreviated format 19-01-2026 2026-00010304
30-06-2024 abbreviated format 09-01-2025 2025-00002051
30-06-2023 abbreviated format 29-01-2024 2024-00019228

Similar companies · same sector, comparable size

Of the 20,102 active companies whose main activity is full-service restaurants (NACE 56111), figures are known for 11,790. 9,887 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.