MISIX
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is 53% lower than in 2024 and the lowest since 2023. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2023 |
|---|---|
| Employees at the balance-sheet date | 0 |
| full-time | 0 |
| part-time | 0 |
Source: social balance sheet in the 2023 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €18,000 | - | - |
| Depreciation and write-downs of the year | €2,821 | €3,600 | €3,600 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,821 | €3,600 | €3,600 | = |
| Other operating charges640/8 | - | €76 | €190 | ▲ 150% |
| Gross operating margin9900 | €12,709 | €9,937 | €6,753 | ▼ 32.0% |
| Operating profit (loss)9901 | €9,888 | €6,261 | €2,963 | ▼ 52.7% |
| Financial income75/76B | €6 | €9 | €67 | ▲ 615% |
| Recurring financial income75 | €6 | €9 | €67 | ▲ 615% |
| Financial charges65/66B | €109 | €215 | €151 | ▼ 29.9% |
| Recurring financial charges65 | €109 | €215 | €151 | ▼ 29.9% |
| Profit (loss) for the period before taxes9903 | €9,785 | €6,055 | €2,879 | ▼ 52.5% |
| Income taxes67/77 | €3,068 | €2,261 | €1,874 | ▼ 17.1% |
| Profit (loss) for the period9904 | €6,717 | €3,794 | €1,005 | ▼ 73.5% |
| Profit (loss) for the period to be appropriated9905 | €6,717 | €3,794 | €1,005 | ▼ 73.5% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €24,272 | €23,676 | €21,039 | ▼ 11.1% |
| Fixed assets21/28 | €15,179 | €11,579 | €7,979 | ▼ 31.1% |
| Tangible fixed assets22/27 | €15,179 | €11,579 | €7,979 | ▼ 31.1% |
| Furniture and vehicles24 | €15,179 | €11,579 | €7,979 | ▼ 31.1% |
| Current assets29/58 | €9,093 | €12,097 | €13,060 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €7,445 | €9,001 | €12,465 | ▲ 38.5% |
| Trade receivables40 | €7,445 | €9,001 | €10,638 | ▲ 18.2% |
| Other amounts receivable41 | - | - | €1,827 | - |
| Cash at bank and in hand54/58 | €1,125 | €2,085 | €595 | ▼ 71.5% |
| Deferred charges and accrued income490/1 | €523 | €1,010 | - | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €24,272 | €23,676 | €21,039 | ▼ 11.1% |
| Equity10/15 | €9,717 | €9,354 | €9,499 | ▲ 1.6% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €6,717 | €6,354 | €6,499 | ▲ 2.3% |
| Amounts payable17/49 | €14,555 | €14,322 | €11,540 | ▼ 19.4% |
| Amounts payable within one year42/48 | €14,555 | €14,322 | €11,540 | ▼ 19.4% |
| Trade debts44 | €125 | €2,361 | €1,123 | ▼ 52.4% |
| Suppliers440/4 | €125 | €2,361 | €1,123 | ▼ 52.4% |
| Taxes, remuneration and social security45 | €8,830 | €11,803 | €9,558 | ▼ 19.0% |
| Taxes450/3 | €6,830 | €11,803 | €9,558 | ▼ 19.0% |
| Remuneration and social security454/9 | €2,000 | - | - | - |
| Other amounts payable47/48 | €5,599 | €158 | €859 | ▲ 444% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,717 | €3,794 | €1,005 | ▼ 73.5% |
| + Depreciation and write-downs630 | €2,821 | €3,600 | €3,600 | = |
| Operating cash flow (approximation) | €9,538 | €7,394 | €4,605 | ▼ 37.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €960 | -€1,490 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,546 companies had the same profile as MISIX has now. Two years later, 94.3% were still going and 2.3% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MISIX itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for MISIX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.