MISOHAMA
InactiveMISOHAMA was declared bankrupt on 25-03-2024 (Tribunal de l’entreprise du Brabant wallon); the bankruptcy was closed for insufficient assets by judgment of 18-09-2025, published in the Belgian State Gazette on 24-09-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-01-2024, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-01-2024 close31-08-2024 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2023 was due by 31-08-2023 and was filed on 31-08-2023, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2026
not confirmed
2025
not filed
2024
not filed
2023
on the day
2022
44 d late
2021
on the day
2020
242 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 72 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, full schema, statutory accounts
Turnover
€750,000=
2022 · €750,000
EBIT margin
56.5%▼ 11.7pp
2022 · 68.2%
Net result
-€96,089
2022 · €135,860
Working capital
€241,015▼ 24.4%
2022 · €319,002
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€500,000-€500,000=€500,000=€750,000▲ 50.0%€750,000=
Operating result€150,676-€291,820▲ 93.7%€264,153▼ 9.5%€511,156▲ 93.5%€423,395▼ 17.2%
Net result€106,640--€36.8m-€182,805▲ 99.5%€135,860-€96,089
EBIT margin30.1%-58.4%▲ 28.2pp52.8%▼ 5.5pp68.2%▲ 15.3pp56.5%▼ 11.7pp
Equity€28.3m-€20.8m▼ 26.5%€20.6m▼ 0.9%€20.8m▲ 0.7%€20.7m▼ 0.5%
Total assets€38.0m-€30.1m▼ 20.8%€30.2m▲ 0.3%€31.7m▲ 4.9%€31.6m▼ 0.2%
Debt€9.6m-€9.3m▼ 4.0%€9.5m▲ 3.1%€10.9m▲ 14.2%€10.9m▲ 0.3%
Working capital€10.2m--€553,040-€894,985▼ 61.8%€319,002€241,015▼ 24.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 17% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €31.6m
Fixed assets
€30.0m =
Current assets
€1.6m ▼ 3.8%
Equity and liabilities €31.6m
Equity
€20.7m ▼ 0.5%
Debt
€10.9m ▲ 0.3%
Debt's share of the balance-sheet total rises from 34.4% to 34.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.18▼
2022 · 1.24
Debt to equity
0.53▲
2022 · 0.52
ROE
-0.5%▼
2022 · 0.7%
ROA
-0.3%▼
2022 · 0.4%
Debt ≤ 1 year
€1.3m▲
2022 · €1.3m
Debt > 1 year
€9.2m=
2022 · €9.2m
Income taxes
€151,484▲
2022 · €6,428
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €750,125 | €761,815 | ▲ 1.6% |
| Turnover70 | €500,000 | €500,000 | €500,000 | €750,000 | €750,000 | = |
| Other operating income74 | - | - | - | €125 | €11,815 | ▲ 9,352% |
| Operating charges60/66A | - | - | - | €238,969 | €338,420 | ▲ 41.6% |
| Services and other goods61 | - | - | - | €236,574 | €335,189 | ▲ 41.7% |
| Other operating charges640/8 | - | - | - | €1,808 | €3,231 | ▲ 78.7% |
| Non-recurring operating charges66A | - | - | - | €586 | €0 | ▼ 100% |
| Operating profit (loss)9901 | €150,676 | €291,820 | €264,153 | €511,156 | €423,395 | ▼ 17.2% |
| Financial income75/76B | - | - | - | €12,546 | €28,901 | ▲ 130% |
| Recurring financial income75 | €369,459 | €367,111 | - | €12,546 | €28,901 | ▲ 130% |
| Income from current assets751 | - | - | - | €12,546 | €28,901 | ▲ 130% |
| Financial charges65/66B | - | - | - | €381,414 | €396,901 | ▲ 4.1% |
| Recurring financial charges65 | €413,495 | €401,181 | €419,058 | €381,414 | €396,901 | ▲ 4.1% |
| Debt charges650 | €412,908 | €400,578 | €418,735 | €380,555 | €396,081 | ▲ 4.1% |
| Other financial charges652/9 | - | - | - | €859 | €820 | ▼ 4.5% |
| Profit (loss) for the period before taxes9903 | €106,640 | -€36.8m | -€154,905 | €142,288 | €55,395 | ▼ 61.1% |
| Income taxes67/77 | - | - | €27,900 | €6,428 | €151,484 | ▲ 2,257% |
| Taxes670/3 | - | - | - | €6,428 | €151,484 | ▲ 2,257% |
| Profit (loss) for the period9904 | €106,640 | -€36.8m | -€182,805 | €135,860 | -€96,089 | ▼ 171% |
| Profit (loss) for the period to be appropriated9905 | €106,640 | -€36.8m | -€182,805 | €135,860 | -€96,089 | ▼ 171% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €38.0m | €30.1m | €30.2m | €31.7m | €31.6m | ▼ 0.2% |
| Fixed assets21/28 | €27.4m | €30.0m | €30.0m | €30.0m | €30.0m | = |
| Financial fixed assets28 | €27.4m | €30.0m | €30.0m | €30.0m | €30.0m | = |
| Affiliated companies280/1 | - | - | - | €30.0m | €30.0m | = |
| Participating interests280 | - | - | - | €30.0m | €30.0m | = |
| Current assets29/58 | €10.6m | €55,718 | €156,640 | €1.6m | €1.6m | ▼ 3.8% |
| Amounts receivable within one year40/41 | €10.4m | €43,507 | €155,419 | €1.6m | €1.6m | ▼ 3.9% |
| Trade receivables40 | - | - | - | €818,375 | €732,425 | ▼ 10.5% |
| Other amounts receivable41 | - | - | - | €822,714 | €845,207 | ▲ 2.7% |
| Cash at bank and in hand54/58 | €182,860 | €8,673 | €43 | €3,380 | €3,888 | ▲ 15.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €38.0m | €30.1m | €30.2m | €31.7m | €31.6m | ▼ 0.2% |
| Equity10/15 | €28.3m | €20.8m | €20.6m | €20.8m | €20.7m | ▼ 0.5% |
| Contributions10/11 | €21.1m | €50.4m | €50.4m | €50.4m | €50.4m | = |
| Capital10 | - | - | - | €50.4m | €50.4m | = |
| Issued capital100 | - | - | - | €50.4m | €50.4m | = |
| Reserves13 | €501,546 | €501,546 | €501,546 | €501,546 | €501,546 | = |
| Non-distributable reserves130/1 | - | - | - | €501,546 | €501,546 | = |
| Legal reserve130 | - | - | - | €501,546 | €501,546 | = |
| Profit (loss) carried forward14 | €6.7m | -€30.1m | -€30.3m | -€30.1m | -€30.2m | ▼ 0.3% |
| Amounts payable17/49 | €9.6m | €9.3m | €9.5m | €10.9m | €10.9m | ▲ 0.3% |
| Amounts payable after more than one year17 | €9.0m | €8.4m | €8.3m | €9.2m | €9.2m | = |
| Financial debts170/4 | - | - | - | €9.2m | €9.2m | = |
| Subordinated loans170 | - | - | - | €9.2m | €9.2m | = |
| Amounts payable within one year42/48 | €404,170 | €608,758 | €1.1m | €1.3m | €1.3m | ▲ 1.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €458,333 | €229,167 | ▼ 50.0% |
| Trade debts44 | €175,815 | €208,191 | €480,897 | €830,725 | €929,095 | ▲ 11.8% |
| Suppliers440/4 | - | - | - | €830,725 | €929,095 | ▲ 11.8% |
| Taxes, remuneration and social security45 | - | - | - | €36,408 | €182,243 | ▲ 401% |
| Taxes450/3 | - | - | - | €36,408 | €182,243 | ▲ 401% |
| Accrued charges and deferred income492/3 | - | - | - | €402,474 | €420,576 | ▲ 4.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €106,640 | -€36.8m | -€182,805 | €135,860 | -€96,089 | ▼ 171% |
| Operating cash flow (approximation) | €106,640 | -€36.8m | -€182,805 | €135,860 | -€96,089 | ▼ 171% |
| Investment in fixed assets (approximation) | - | -€2.6m | €0 | €0 | -€0 | - |
| Change in cash | - | -€174,188 | -€8,629 | €3,336 | €508 | ▼ 84.8% |
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
2025
24-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Brabant wallon · event 18-09-2025
2024
29-03
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 25-03-2024
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated · 44 days late
14-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 44 days late
31-01
Financial
Back to profitnet €135,860
Net result €135,860 after 2 loss-making years.
31-01
Financial
Liquidity times 8current ratio 1.24
Current ratio from 0.15 to 1.24.
2021
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 242 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated · 242 days late
Show earlier events
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · consolidated · 131 days late
2020
31-01
Financial
Weakest financial yearnet -€36.8m
Net result drops to -€36.8m, the lowest in the series.
09-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 131 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 23 acts read
About the unread acts
We know of 23 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
23 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARC-ALAIN SPEIDEL CHAUSSEE DE LOUVAIN 523,
1380 LASNE |
25-03-2024 → 18-09-2025 |