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MISHAL

Open bankruptcy
Public limited companyfounded 1989KBO/BCE: BE 0436.734.085

A bankruptcy procedure is open for MISHAL according to publications in the Belgian Official Gazette; trustee: STéPHANE Van Moorleghem.

Summary

The file additionally contains 1 administrative flag. The 2023 annual accounts show equity of €77,335 and a net result of -€14.7m.

MISHALOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
24 October 2024
Supervising judge
Henri Colman
Official Gazette
30-10-2024 (pdf) ↗search the document for 2024/141756

Deadlines

Provisional date payments stopped
24 October 2024A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 14 November 2024Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 23 November 2024art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 20 December 2024Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 24 October 2025A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Wholesale of diamonds and other precious stones
NACE 46861
1 site
Size
€66.6mturnover 2023
Staff
1 FTE
Equity
€77,335
Loss
-€14.7m
Financial health
Open bankruptcy: no score
Structure
Parent
Mishal Finance SA
12 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2023 accounts filed 27 days lateAdministrative warnings in the KBO publicationsShow the evidence

Signals

Three signals.
raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
raises risk · 2023 accounts filed 27 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-08-2024, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2023
27 days late
2022
53 days early
2021
8 days late
2020
11 days early
2019
3 days early
2018
28 days early
2017
20 days early
← 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 11 days before the deadline; the sector median (NACE 46) for financial year 2023 is 2 days before the deadline, and 40% of those companies filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address struck
  1. Address struckKBO administration
  2. OpeningEnterprise Court of Antwerp, Antwerp…
  3. Annual accounts filedfinancial year 2023 · full…

Key points

  • Risk: Declared bankrupttrustee: STéPHANE Van Moorleghem 24-10-2024 View
  • Caution: Equity fell in 2023from €14.7m to €77,335 ▼ 99.5% View
  • Controlled by Mishal Finance SA parent View

By topic

Financials

Financial year
2023
Turnover
€66.6m
Loss
-€14.7m
Solvency
0.2%
Turnover▼ 23.8%
Net result
20182023
Go to Financials

Timeline

Events
38
Since
1990
  1. 31-12-2023Weakest financial year
  2. 08-06-2023Annual accounts filed
  3. 31-12-2022Highest result from 2018 to 2023
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale of diamonds and other precious stonesNACE 46861
Founded
14-02-1989
Year ends
31-12
Peppol
Still in the Peppol directory
Go to Company details

Key facts about MISHAL

What is the company number of MISHAL?
0436.734.085. In Belgium the VAT number is the company number with BE in front: BE 0436.734.085.
What does MISHAL do?
According to the KBO register, the main activity is wholesale of diamonds and other precious stones (NACE 46861).
What is the legal form of MISHAL?
Public limited company (NV).
When was MISHAL founded?
On 14-02-1989.
Is MISHAL still active?
A bankruptcy is running: a bankruptcy trustee manages the company.Company details
How many employees did MISHAL have?
On average 1 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of MISHAL?
€66.6m in financial year 2023, according to the filed annual accounts.
Is MISHAL profitable?
In financial year 2023, MISHAL made a loss of €14.7m.
Where can I find the annual accounts of MISHAL?
MISHAL filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2023.

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