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MISOMAX

Active Private limited companyfounded 1994active for 31 yearsNoorweegse Kaai 5, 8000 BrugesKBO/BCE: BE 0454.061.255
MISOMAX
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Overview

Lifetime

19 annual accounts with figures on one time axis, 30 filings since 1995
peak €488,832 (2009)
€5,955▼ 78.1%
lowest -€96,842 (2006)
€5,080▼ 75.9%
peak €53,438 (2025)
€53,438▲ 10.5%
€1.4m▼ 0.6%
peak 0.1 FTE (2012)
-not published
Board1 name since 2002
1 directorDegraeve Yvo
Documentsfilings and deeds
29-05-202629 days late
2025micro format
Gross margin from €27,185 to €5,955Result from €21,073 to €5,080Cash from €1,417 to €14,262

Key points

from the 2025 annual accounts

Equity

€53,438 ▲ 10.5%

MISOMAX has made a profit without a break since 2020.

Debts

€1.4m 96% of the balance sheet
Financial debts 0%Suppliers 80%Taxes and wages 0%Other 19%

Of this, €1.4m falls due within a year.

Filings

30 annual accounts since 1995
deadline200020102020

Nine of the last ten came late. The 2016 accounts came latest: 124 days after the end of the period.

Checked score

84
Excellent
Financially stronger than 32% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.2% 01-2025: 1.2%● unchanged vs 12-2024 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.1%▼ -0.1 percentage points vs 02-2025 04-2025: 1.5%▲ +0.4 percentage points vs 03-2025 05-2025: 2.0%▲ +0.5 percentage points vs 04-2025 06-2025: 2.3%▲ +0.3 percentage points vs 05-2025 07-2025: 2.9%▲ +0.6 percentage points vs 06-2025 08-2025: 3.1%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 1.1%▼ -2.0 percentage points vs 08-2025 10-2025: 1.1%● unchanged vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.3%▲ +0.2 percentage points vs 03-2026 05-2026: 1.8%▲ +0.5 percentage points vs 04-2026 06-2026: 2.1%▲ +0.3 percentage points vs 05-2026 07-2026: 0.3%▼ -1.8 percentage points vs 06-2026lowest value 08-2026: 0.3%● unchanged vs 07-2026lowest value 09-2026: 0.3%● unchanged vs 08-2026lowest value 10-2026: 0.3%● unchanged vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026

Financial strength
Weak

29+1equity 3.7% of total assets
1+1short-term debt 95.9% · cash 1.0%
38-3return on assets 0.3%

Score breakdown

raises risk
Last filed accounts filed 29 days late; 1 of the last 3 accounts late
Equity €53,438 (3.7% of total assets)
lowers risk
Size: total assets €1.5m
Figures for financial year 2025 (filed on 02-06-2026)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 24% of them on solvency, 5% on liquidity, 34% on profitability and 67% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 1,217 companies had the same profile as MISOMAX has now. Each dot stands for 4 companies, two years later.

95.9%
were still trading
2.5%
stopped another way
1.5%
went bankrupt
  • Small
  • 20 years or older
  • solvency under 10%
  • 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 MISOMAX itself: 0.3% within 12 months.

Test of the method

The method was tested on the 497,447 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.

The companies in ten equal groups, from the lowest to the 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%

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 1,217 companies, not a prediction for MISOMAX. 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.

Credit verdict

Credit of up to €4,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.75 (0.75 in 2024), below 1. Short-term debt is 95.9% and cash 1% of total assets. 96.3% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Size: total assets €1.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 29 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · Equity €53,438 (3.7% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 02-06-2026)
NBB · annual accounts
raises risk · 2025 accounts filed 29 days late
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. 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
2025
29 days late
2024
97 days late
2023
14 days late
2022
37 days late
2021
31 days late
2020
26 days late
2019
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 37 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 May (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

DY
Degraeve Yvo
Director, since 25-01-2002

Shares in 1 company, DYVO

Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0454061255
Change of role: Degraeve Yvo, from manager to director Director discharge: Degraeve Yvo (manager) · General meeting of 13-04-2022 · Gazette deed
First establishment Noorweegse Kaai 5, Bruges
Incorporation published on 18-01-1995 · Gazette deed
All 38 events

Comparable companies

same main activity, similar in size and age
Company
MISOMAX Bruges €1.5m €5,955 3.7% -
CMC Waregem €1.6m €6,997 88.6% -
PLASMAN Sint-Gillis (bij-Brussel) €1.5m €6,561 20.2% -
VON REYEN Knokke-Heist €1.1m €3,315 60.0% -
DEVAMA Zulte €1.1m €3,446 12.7% -
LOSTEYA Schilde €1.3m €11,212 83.0% -
BOWINVEST Ghent €1.9m €5,697 92.2% -

These companies have the same main activity as MISOMAX: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €1.1m and €1.9m, founded between 1988 and 2002.

Official details

Source: KBO
Status
Active since 21-12-1994Normal situation
Activity
Buying and selling of own real estateNACE 68110
Establishment unit
2.069.656.8318000 Bruges, since 06-01-1995
Financial year end
30 September
Peppol
Reachable since 24-11-2023
Company details

Annual accounts to 30-09-2025

€5,955▼ 78.1%
≈ €23,000estimated
€5,080▼ 75.9%
€53,438▲ 10.5%
€1.5m▼ 0.3%
Filing
Filed on 29-05-2026
Financials

Insights on MISOMAX

MISOMAX files the micro format. That format states no turnover. The gross margin rose from -€26,912 in 2006 to €5,955 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 29-05-2026, 29 days late
€5,955
▼ 78.1%
€1,973
▼ 91.2%
€5,080
▼ 75.9%
-€346,936
▲ €4,112
3.7%
▲ 0.4 percentage points
0.75
▲ 0.00

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €23,000. Estimated: probably between €12,000 and €58,000.

Balance sheet

balance sheet total €1.5m on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

3.7%

Higher than 25% of 17,194 companies in 2025.

0.75

Higher than 36% of 16,491 companies in 2025.

0.3%

Higher than 41% of 16,870 companies in 2025.

MISOMAX Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022202120202019201820172016201420132012201120102009200820072006
Balance sheet: assets
20/58 1.5m1.5m1.7m1.7m1.7m1.7m1.9m2.0m2.1m2.0m1.9m1.6m1.8m1.7m1.7m1.6m2.2m2.3m2.0m
21/28 407,186407,186595,142595,142586,392586,392760,642760,642780,905614,654558,67137,41324,53224,70185,581107,005128,402148,61385,972
22/27 367,186367,186555,142555,142546,392546,392720,642720,642740,905574,654517,39836,14023,25923,55884,438105,862128,289148,54585,904
22 120,487120,487308,442308,442299,692299,692473,942473,942486,908312,661310,259--19,97578,72580,40382,08183,75985,437
23 ----------7,59810,2813,8803,5832669011,751429-
24 ----------2,087---5,44724,55844,45764,357467
26 246,700246,700246,700246,700246,700246,700246,700246,700253,997261,994197,45425,85919,379------
28 40,00040,00040,00040,00040,00040,00040,00040,00040,00040,00041,2731,2731,2731,1431,1431,1431136868
29/58 1.0m1.1m1.1m1.1m1.1m1.2m1.2m1.3m1.3m1.4m1.3m1.6m1.8m1.7m1.6m1.5m2.1m2.1m1.9m
29 506,087543,886581,673624,817660,281662,911654,868764,012784,972823,387---------
291 506,087543,886581,673624,817660,281662,911654,868764,012784,972823,387---------
3 12,10412,10412,10412,10412,10412,10412,10412,10412,10412,104600,438723,351885,6361.1m1.0m931,7741.4m1.5m1.2m
30/36 12,10412,10412,10412,10412,10412,10412,10412,10412,10412,104600,438723,351885,6361.1m1.0m931,7741.4m1.5m-
37 ------------------1.2m
40/41 514,397493,880486,844471,111469,179473,555499,967500,900506,687489,382645,396838,780699,439595,063561,863603,249667,690529,307440,461
40 216,373219,312216,373223,781223,358223,358253,595255,109262,056245,214259,98754,89462,33434,71432,63237,20335,33197,274277,116
41 298,023274,568270,471247,330245,822250,198246,372245,791244,631244,168385,409783,886637,105560,349529,231566,046632,359432,033163,345
54/58 14,2621,4173945631,7778314,9727,2689,51624,76244,99121,073225,3675,8543,0542,51212,18648,199189,421
490/1 6301452,3508812,2262,1701,9541,87916,3746531,0089173,2615995835748111,960-
Balance sheet: equity and liabilities
10/49 1.5m1.5m1.7m1.7m1.7m1.7m1.9m2.0m2.1m2.0m1.9m1.6m1.8m1.7m1.7m1.6m2.2m2.3m2.0m
10/15 53,43848,35827,2859,5831,267-7,686-16,572-14,895-9,27029,67229,32626,692-18,334-130,715-103,678-82,134-529,318-539,373-493,121
10/11 62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00062,00061,97361,97361,973
100 ------62,00062,00062,00062,00062,00062,00062,00062,00062,00062,00061,97361,97361,973
13 --7,1597,1599,6119,6119,88410,15710,43010,70211,18011,4522,4522,4522,4522,4522,4792,4792,479
130/1 ----2,4522,452-------------
130 ------2,4522,4522,4522,4522,4532,4522,4522,4522,4522,4522,4792,4792,479
1311 ----2,4522,452-------------
132 --7,1597,1597,1597,1597,4327,7057,9778,2508,7279,000-------
14 -8,562-13,642-41,874-59,576-70,344-79,298-88,456-87,052-81,700-43,031-43,854-46,760-82,786-195,167-168,130-146,586-593,770-603,825-557,573
16 --2,3862,3862,3862,3862,4772,5682,6592,7502,9093,000-------
168 --2,3862,3862,3862,3862,4772,5682,6592,7502,9093,000-------
17/49 1.4m1.4m1.6m1.7m1.7m1.7m1.9m2.1m2.1m1.9m1.8m1.6m1.9m1.8m1.8m1.7m2.8m2.8m2.5m
17 5,8137,780222,802260,732324,713346,311332,990368,822403,960296,044121,333-----100,000125,000133,000
170/4 5,8137,780222,802260,732324,713346,311332,990368,822403,960296,044121,333-----100,000125,000133,000
42/48 1.4m1.4m1.4m1.4m1.4m1.4m1.6m1.7m1.7m1.6m1.7m1.6m1.9m1.8m1.8m1.7m2.7m2.7m2.3m
42 5,38115,87937,93037,16710,700-36,56935,13834,46625,51520,315-----12,500--
44 1.1m1.1m1.1m1.1m1.1m1.1m1.3m1.3m1.4m1.3m1.6m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.4m
440/4 1.1m1.1m1.1m1.1m1.1m1.1m1.3m1.3m1.4m1.3m1.6m1.5m1.5m1.5m1.5m1.5m1.5m1.5m1.4m
46 261,101261,101261,101261,101261,101261,101261,101261,101261,101261,10151,28038,41671,08638,41638,41638,4161.0m1.0m854,731
45 3,8121,9093006,5228,6879,6359,74310,3879,62814,40543,6609,0603,8002,0746274741125,977-
450/3 3,8121,9093006,5228,6879,6359,74310,3879,62814,40543,6609,0603,7522,0746274741125,977-
454/9 ------------48------
47/48 --3,2432171,099-32867,63854,48230,92018,4846,000247,013249,012215,878159,37887,52595,52587,526
492/3 998---------21----139--
Income statement
76A -34,045-------467-20,0001,000----246-
9900 5,95527,18524,61314,44016,40513,1706,30419,14714,799226,66361,38039,874122,2397,64211,800488,83231,321-33,481-26,912
62 ----------47306954-----3,413
630 -------18,26338,62252,37048,0646,2904,4708,57521,42422,42722,42721,7921,795
631/4 ----------4,267---------
640/8 3,9824,7203,7432,6498895,1114,3232,3192,87440,2815,9003,7992,6382,62611,1543,0532,5679,6373,212
66A --------7,66023,994---22,195-----
9901 1,97322,46520,87111,79115,5168,0591,980-1,435-34,357138,2797,36929,479114,177-3,559-20,778463,3526,327-64,910-35,332
75/76B 5,9085,8886,4036,9073,5037,2237,6948,7399,46113,6701241,223541014,3004,19119,8473,800
75 5,9085,8886,4036,9073,5037,2237,6948,7399,46113,2031241,223541014,3004,19119,8473,800
76B ---------467---------
65/66B 8989,6669,57110,38310,0656,48711,44213,01914,108151,7633,4171,1475829376720,4684631,43519,358
65 8989,6669,57110,38310,0656,48711,44213,01914,108127,7683,4171,1475829376720,4684631,43519,358
66B ---------23,994---------
9903 6,98318,68717,7028,3158,9548,795-1,767-5,716-39,0041864,07649,555114,649-25,837-21,544447,18410,055-46,252-50,890
780 -2,386-----------------
67/77 1,903-------2901,5341,5292,2681,200----45,952
9904 5,08021,07317,7028,3158,9548,885-1,677-5,625-38,9423452,63345,026112,381-27,037-21,544447,18410,055-46,252-96,842
789 -7,159---273273273273477273--------
689 -----------9,000-------
9905 5,08028,23217,7028,3158,9549,158-1,404-5,353-38,6698222,90636,026112,381-27,037-21,544447,18410,055-46,252-96,842
Appropriation of the result
9906 -8,562-13,642-41,874-62,029-70,344-79,298-88,456-87,052-81,700-43,031-43,854-46,760-82,786-195,167-168,130-146,586-593,770-603,825-557,573
14P -13,642-41,874-59,576-70,344-79,298--------------
791/2 ---2,452---------------
Social balance sheet
9087 ------------0.1------
Hours worked1013 ------------62------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 11 older financial years (1995-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 29-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 29 days after the deadline. Filed on 29 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00130004.

Financial year Type Filed Reference Document
30-09-2025 micro format 29-05-2026 2026-00130004 PDF
30-09-2024 micro format 05-08-2025 2025-00367240 PDF
30-09-2023 micro format 14-05-2024 2024-00090697 PDF
30-09-2022 micro format 06-06-2023 2023-00125202 PDF
30-09-2021 micro format 31-05-2022 2022-20051990 PDF
30-09-2020 micro format 26-05-2021 2021-15400181 PDF
30-09-2019 micro format 28-05-2020 2020-13700148 PDF
30-09-2018 micro format 29-05-2019 2019-15100100 PDF
30-09-2017 micro format 11-04-2018 2018-09600443 PDF
30-09-2016 abbreviated format 01-09-2017 2017-58700062 PDF
31-12-2014 abbreviated format 31-08-2015 2015-56100013 PDF
31-12-2013 abbreviated format 29-08-2014 2014-55400428 PDF
31-12-2012 abbreviated format 30-09-2013 2013-61200085 PDF
31-12-2011 abbreviated format 27-09-2012 2012-59300197 PDF
31-12-2010 abbreviated format 31-08-2011 2011-52000228 PDF
31-12-2009 abbreviated format 26-08-2010 2010-47400543 PDF
31-12-2008 abbreviated format 31-08-2009 2009-72400182 PDF
31-12-2007 abbreviated format 29-09-2008 2008-75700333 PDF
31-12-2006 abbreviated format 30-07-2007 2007-50800220 PDF
31-12-2005 abbreviated format 29-09-2006 2006-81400474 PDF
31-12-2004 abbreviated format 02-11-2006 2006-86603549 PDF
31-12-2003 abbreviated format 02-11-2006 2006-86603565 PDF
31-12-2002 abbreviated format 22-12-2003 2003-85000395 PDF
31-12-2001 abbreviated format 14-10-2002 2002-65604672 PDF
31-12-2000 abbreviated format 19-06-2002 2002-22200144 PDF
31-12-1999 abbreviated format 22-12-2000 2000-76900044 PDF
31-12-1998 abbreviated format 02-11-1999 1999-55904503 PDF
31-12-1997 abbreviated format 16-09-1998 1998-46804285 PDF
31-12-1996 abbreviated format 15-12-1997 1997-56502199 PDF
31-12-1995 abbreviated format 24-01-1997 1997-01102927 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022202120202019201820172016201420132012201120102009200820072006
-------16,8284,265190,64955,43335,769118,6475,016646485,77928,754-43,118-33,537
-------12,638-32052,71550,69751,316116,851-18,462-120469,61132,482-24,460-95,047
---8,750----2,000212,532159,022569,32219,1714,3026,28501,0302,21684,433584
12,8461,022-169-1,214946-4,140-2,297-2,248-15,246-23,918-204,294219,5132,800542-9,674-36,013-141,222-
-346,936-351,048-342,668-322,440-258,025-245,380-441,746-404,146-383,556-286,188-405,101-7,720-42,866-155,416-189,259-189,139-557,581-562,986-446,093
3.7%3.3%1.6%0.6%0.1%-0.4%-0.9%-0.7%-0.4%1.5%1.6%1.6%-1.0%-7.7%-6.2%-5.0%-23.7%-23.8%-25.1%
0.750.750.760.770.820.820.730.760.780.830.761.000.980.910.890.890.790.790.81
0.740.740.750.770.810.820.720.750.770.820.410.540.500.330.320.350.260.220.27
26.2229.1660.43------65.1362.0059.64-------
9.5%43.6%64.9%86.8%706.5%----1.2%9.0%168.7%-------
0.3%1.4%1.1%0.5%0.5%0.5%-0.1%-0.3%-1.8%0.0%0.1%2.8%6.1%-1.6%-1.3%27.2%0.4%-2.0%-4.9%

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Tangible fixed assets---€8,750-

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on MISOMAX

The operating result for 2025 is 91% lower than in 2024 and the lowest since 2018.

Debt's share of the balance-sheet total falls from 96.7% to 96.3%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2022
Degraeve Yvo
Director (not named in the articles)
since 25-01-2002 term without a fixed end
earlier manager, until 28-04-2022
listed in the 2025 annual accounts, filed on 29-05-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 13. Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als…”
deed of 28-04-2022

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Degraeve Yvo
Director (not named in the articles)
BoardEarliermandate already running before its first mention
Mandates as a list
  • Degraeve Yvo
    • Director (not named in the articles), from 25-01-2002 to date
    • Manager, until 28-04-2022

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€62,000
Shares
2,500
Contribution per share
€24.80
Equity per share
€21.38 in 2025
Source
2025 annual accounts

Articles of association

deed of 28-04-2022 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
31 March at 14:00

Network & group

Holdings

own accounts to 30-09-2025
This companyMISOMAX1 holding, 1 country accounts to 30-09-2025

Belgium 1 Equity Result

Source: list of holdings in its own 30-09-2025 accounts. Every holding stands with its own latest accounts.

At the same address

Noorweegse Kaai 5, 8000 Bruges · 3 other companies
DYVO
registered office since 20-12-2005 · founded in 2005 · negative equity (2025)
 total assets €354,795 (2025)
0877.951.552
Grand Cru
registered office since 01-03-2018
 founded in 2018
0688.731.474
Steenbakkerijen De Weerdt O.
registered office since 01-01-1968
 founded in 1968
0405.142.175

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
Holdings through the years 2014 to 2025
Holdings through the years
Name20142016201720182019202020212022202320242025
DYVO 10%

Source: list of holdings in its own accounts

Connections & network

1 current director
Depth

The network starts from the directors of MISOMAX. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

38 events since 1994

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2025 filed PDFmicro format · 29 days late
2025
Annual accounts 2024 filed PDFmicro format · 97 days late
2024
Annual accounts 2023 filed PDFmicro format · 14 days late
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0454061255
Annual accounts 2022 filed PDFmicro format · 37 days late
2022
Annual accounts 2021 filed PDFmicro format · 31 days late
Change of role: Degraeve Yvo, from manager to directorDirector discharge: Degraeve Yvo (manager) · General meeting of 13-04-20226 points ▸
  • General meeting, 13-04-2022
  • 2,500 shares
  • Director resignation, Degraeve Yvo (manager)
  • Director appointment, Degraeve Yvo (director (not named in the articles))
  • Director discharge, Degraeve Yvo (manager)
  • Registered office clause, Noorweegse Kaai 5, 8000 Brugge
  • The deed holds 3 more points.

Open the deed in the Belgian Official Gazette

2021
Annual accounts 2020 filed PDFmicro format · 26 days late
2020
Back to profit net €8,885 The net result is €8,885, after 3 loss-making years.
Annual accounts 2019 filed PDFmicro format · 28 days late
2019
Annual accounts 2018 filed PDFmicro format · 29 days late
2018
Annual accounts 2017 filed PDFmicro format · 19 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 124 days late
2015
Annual accounts 2014 filed PDFabbreviated format · 31 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 29 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 61 days late
2012
Back to profit net €112,381 The net result is €112,381, after 2 loss-making years.
Annual accounts 2011 filed PDFabbreviated format · 58 days late
2011
Annual accounts 2010 filed PDFabbreviated format · 31 days late
2010
Annual accounts 2009 filed PDFabbreviated format · 26 days late
2009
Highest result from 2006 to 2025 net €447,184 ▲4,347% The operating result of €463,352 and the net result of €447,184 are both a record.
Annual accounts 2008 filed PDFabbreviated format · 31 days late
2008
Back to profit net €10,055 The net result is €10,055, after 2 loss-making years.
Annual accounts 2007 filed PDFabbreviated format · 60 days late
2007
Annual accounts 2006 filed PDFabbreviated format · 1 day before the deadline
2006
Annual accounts 2003 filed PDFabbreviated format
Annual accounts 2004 filed PDFabbreviated format
Annual accounts 2005 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
1998
Annual accounts 1997 filed PDFabbreviated format
1997
Annual accounts 1996 filed PDFabbreviated format
Annual accounts 1995 filed PDFabbreviated format
1995
First establishment Noorweegse Kaai 5, Bruges
1994
Incorporation published on 18-01-1995

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 21 December 1994, MISOMAX was incorporated.1 Total assets went from €1.9m in 2019 to €1.5m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0454.061.255
VAT number
BE 0454.061.255
Peppol ID
0208:0454061255
Other Peppol ID
9925:BE0454061255
Legal form
Private limited company
Status
Active, normal situation
Founded
21-12-1994
Financial year
ends on 30 September
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
31 March at 14:00
deed of 28-04-2022 (in Dutch)
Peppol
Reachable since 24-11-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
MISOMAX in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-04-2022 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 28-04-2022 (in Dutch)

Activities

NACEBEL 2025
68110 Buying and selling of own real estate main activity
Codes under NACEBEL 2008
68100 Real estate activities main activity
Codes under NACEBEL 2003
70120 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Elke activiteit die kan worden omschreven als hotel,pension,restaurant,public en private bar,feestzaal,catering,snackbar en take-away,en…”
2 activities
  1. Elke activiteit die kan worden omschreven als hotel,pension,restaurant,public en private bar,feestzaal,catering,snackbar en take-away,en iedere combinatie hiervan,kortom iedere activiteit die rechtstreeks of onrechtstreeks verband houdt met het klaarmaken,verwerken,verbruiken ter plaatse of door afname of thuisbrenging van voedingswaren en dranken,alsmede de organisatie van demonstratie- en degustatiesessies,seminaries,vergaderingen en congressen,alsook de activiteit van groot- en kleinhandel in voedingsproducten en derivaten,de in- en uitvoer van voedingswaren,
  2. Dranken en samenhangende producten,de aan- en verkoop van horecabenodigdheden,de dienstverlening in de brede zin aan de horecasector,zonder dat deze opsomming binnen de voedings- en horecasector als beperkend kan worden beschouwd.
deed of 28-04-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Noorweegse Kaai 5 registered office 8000 Bruges 06-01-1995 2.069.656.831

Buildings and parcels at the address

Ground area
741 m²
Buildings
309 m²
Volume, LiDAR
1,408 m³
Tallest building
12.1 m
Buildings to scale, each on its own parcel
309 m², 12.1 m 309 m², 12.1 m

Environmental permits

5 applications in Flanders since 2019
23-02-2026 Discontinued Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 12-11-2025 · project 2025059848 Brugge
25-04-2025 Discontinued Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 28-03-2025 · project 2024123106 Brugge
27-09-2022 Discontinued Verbouwen en/of uitbreiden met functiewijziging, maar zonder wijziging van het aantal woongelegenheden submitted 04-11-2021 · project 2021055456 Brugge
09-07-2020 Discontinued Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 10-12-2019 · project 2019144037 Brugge
30-08-2019 Discontinued Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 13-08-2019 · project 2019098423 Brugge

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
31807G0253/00S003
ProtectedMonumentDamse Vaart met kanaalbeplanting van opgaande populierenSource ↗
741 m² 1 · 309 m² 12.1 m · 1

1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.

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