MISOMAX
ActiveSummary
MISOMAX has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €5k. Equity is growing by ~68.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-3
Solvency29▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.75 against 0.75 in 2024; short-term debt: 95.9% and cash: 1% of total assets), and 96.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.7%
Return on assets
0.3%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 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
29 d late
2024
97 d late
2023
14 d late
2022
37 d late
2021
31 d late
2020
26 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▲ 10.5%
2024 · €48k
Total assets
€1.45M▼ 0.3%
2024 · €1.46M
Net result
€5k▼ 75.9%
2024 · €21k
Working capital
€-347k▲ 1.2%
2024 · €-351k
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
Line20212022202320242025
Operating result€16k▲ 92.5%€12k▼ 24.0%€21k▲ 77.0%€22k▲ 7.6%€2k▼ 91.2%
Net result€9k▲ 0.8%€8k▼ 7.1%€18k▲ 113%€21k▲ 19.0%€5k▼ 75.9%
Equity€1k€10k▲ 656%€27k▲ 185%€48k▲ 77.2%€53k▲ 10.5%
Total assets€1.73M▼ 0.3%€1.70M▼ 1.6%€1.68M▼ 1.5%€1.46M▼ 13.1%€1.45M▼ 0.3%
Debt€1.73M▼ 0.9%€1.69M▼ 2.1%€1.65M▼ 2.6%€1.41M▼ 14.5%€1.40M▼ 0.6%
Working capital€-258k▼ 5.2%€-322k▼ 25.0%€-343k▼ 6.3%€-351k▼ 2.4%€-347k▲ 1.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.45M
Fixed assets
€407k =
Current assets
€1.05M ▼ 0.4%
Equity and liabilities €1.45M
Equity
€53k ▲ 10.5%
Debt
€1.40M ▼ 0.6%
Debt's share of the balance-sheet total falls from 96.7% to 96.3%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.75▲
2024 · 0.75
Quick ratio
0.74▲
2024 · 0.74
Debt to equity
26.22▼
2024 · 29.16
ROE
9.5%▼
2024 · 43.6%
ROA
0.3%▼
2024 · 1.4%
Debt ≤ 1 year
€1.39M▼
2024 · €1.40M
Debt > 1 year
€6k▼
2024 · €8k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €34k | - | - |
| Other operating charges640/8 | €889 | €3k | €4k | €5k | €4k | ▼ 15.6% |
| Gross operating margin9900 | €16k | €14k | €25k | €27k | €6k | ▼ 78.1% |
| Operating profit (loss)9901 | €16k | €12k | €21k | €22k | €2k | ▼ 91.2% |
| Financial income75/76B | €4k | €7k | €6k | €6k | €6k | ▲ 0.3% |
| Recurring financial income75 | €4k | €7k | €6k | €6k | €6k | ▲ 0.3% |
| Financial charges65/66B | €10k | €10k | €10k | €10k | €898 | ▼ 90.7% |
| Recurring financial charges65 | €10k | €10k | €10k | €10k | €898 | ▼ 90.7% |
| Profit (loss) for the period before taxes9903 | €9k | €8k | €18k | €19k | €7k | ▼ 62.6% |
| Transfer from deferred taxes780 | - | - | - | €2k | - | - |
| Income taxes67/77 | - | - | - | - | €2k | - |
| Profit (loss) for the period9904 | €9k | €8k | €18k | €21k | €5k | ▼ 75.9% |
| Transfer from tax-exempt reserves789 | - | - | - | €7k | - | - |
| Profit (loss) for the period to be appropriated9905 | €9k | €8k | €18k | €28k | €5k | ▼ 82.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.73M | €1.70M | €1.68M | €1.46M | €1.45M | ▼ 0.3% |
| Fixed assets21/28 | €586k | €595k | €595k | €407k | €407k | = |
| Tangible fixed assets22/27 | €546k | €555k | €555k | €367k | €367k | = |
| Land and buildings22 | €300k | €308k | €308k | €120k | €120k | = |
| Other tangible fixed assets26 | €247k | €247k | €247k | €247k | €247k | = |
| Financial fixed assets28 | €40k | €40k | €40k | €40k | €40k | = |
| Current assets29/58 | €1.15M | €1.11M | €1.08M | €1.05M | €1.05M | ▼ 0.4% |
| Amounts receivable after more than one year29 | €660k | €625k | €582k | €544k | €506k | ▼ 6.9% |
| Other amounts receivable291 | €660k | €625k | €582k | €544k | €506k | ▼ 6.9% |
| Stocks and contracts in progress3 | €12k | €12k | €12k | €12k | €12k | = |
| Stocks30/36 | €12k | €12k | €12k | €12k | €12k | = |
| Amounts receivable within one year40/41 | €469k | €471k | €487k | €494k | €514k | ▲ 4.2% |
| Trade receivables40 | €223k | €224k | €216k | €219k | €216k | ▼ 1.3% |
| Other amounts receivable41 | €246k | €247k | €270k | €275k | €298k | ▲ 8.5% |
| Cash at bank and in hand54/58 | €2k | €563 | €394 | €1k | €14k | ▲ 907% |
| Deferred charges and accrued income490/1 | €2k | €881 | €2k | €145 | €630 | ▲ 336% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.73M | €1.70M | €1.68M | €1.46M | €1.45M | ▼ 0.3% |
| Equity10/15 | €1k | €10k | €27k | €48k | €53k | ▲ 10.5% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €10k | €7k | €7k | - | - | - |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Tax-exempt reserves132 | €7k | €7k | €7k | - | - | - |
| Profit (loss) carried forward14 | €-70k | €-60k | €-42k | €-14k | €-9k | ▲ 37.2% |
| Provisions and deferred taxes16 | €2k | €2k | €2k | - | - | - |
| Deferred taxes168 | €2k | €2k | €2k | - | - | - |
| Amounts payable17/49 | €1.73M | €1.69M | €1.65M | €1.41M | €1.40M | ▼ 0.6% |
| Amounts payable after more than one year17 | €325k | €261k | €223k | €8k | €6k | ▼ 25.3% |
| Financial debts170/4 | €325k | €261k | €223k | €8k | €6k | ▼ 25.3% |
| Amounts payable within one year42/48 | €1.40M | €1.43M | €1.43M | €1.40M | €1.39M | ▼ 0.6% |
| Current portion of amounts payable after more than one year42 | €11k | €37k | €38k | €16k | €5k | ▼ 66.1% |
| Trade debts44 | €1.12M | €1.13M | €1.12M | €1.12M | €1.12M | = |
| Suppliers440/4 | €1.12M | €1.13M | €1.12M | €1.12M | €1.12M | = |
| Advances received on contracts in progress46 | €261k | €261k | €261k | €261k | €261k | = |
| Taxes, remuneration and social security45 | €9k | €7k | €300 | €2k | €4k | ▲ 99.7% |
| Taxes450/3 | €9k | €7k | €300 | €2k | €4k | ▲ 99.7% |
| Other amounts payable47/48 | €1k | €217 | €3k | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €998 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €8k | €18k | €21k | €5k | ▼ 75.9% |
| Operating cash flow (approximation) | €9k | €8k | €18k | €21k | €5k | ▼ 75.9% |
| Investment in fixed assets (approximation) | - | €-9k | €0 | €188k | €0 | ▼ 100% |
| Change in cash | - | €-1k | €-169 | €1k | €13k | ▲ 1,156% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 97 days late
2024
30-09
Financial
Highest result since 2018net €21k ▲19%
Operating result €22k, net result €21k, both a record.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-09
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
11-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 124 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brugge · 1 establishment unit since 1995
Ground area
741 m²
Building footprint
309 m²
Volume, LiDAR
1,408 m³
Parcel 31807G0253/00S003, Flanders · tallest building 12.1 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MISOMAX
since 19952.069.656.831
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807G0253/00S003 | Flanders | 741 m² | 1 · 309 m² | 12.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,316 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
Founded21-12-1994
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Scores and ratios are computed by Checked and are not a credit decision.