MISTRAL
ActiveSummary
MISTRAL has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,519 and a net result of €62,448. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+76
Solvency100▲+59
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.32 against 0.78 in 2024; short-term debt: 20.2% and cash: 5.6% of total assets), and 20.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
79.8%
Return on assets
35.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €141,519
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-06-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
31 d early
2023
20 d early
2022
51 d late
2021
3 d early
2020
59 d late
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 16 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€141,519▲ 79.0%
2024 · €79,071
Total assets
€177,248▼ 63.3%
2024 · €483,260
Net result
€62,448
2024 · -€3,416
Working capital
-€24,338▲ 73.1%
2024 · -€90,324
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-€8,575▼ 77.6%-€361▲ 95.8%€133,624€4,126▼ 96.9%€70,952▲ 1,620%
Net result-€13,103▼ 80.6%-€14,626▼ 11.6%€118,994-€3,416€62,448
Equity-€21,881▼ 149%-€36,507▼ 66.8%€82,487€79,071▼ 4.1%€141,519▲ 79.0%
Total assets€282,133▲ 67.1%€744,644▲ 164%€473,359▼ 36.4%€483,260▲ 2.1%€177,248▼ 63.3%
Debt€304,015▲ 71.2%€781,151▲ 157%€390,872▼ 50.0%€404,189▲ 3.4%€35,729▼ 91.2%
Working capital-€33,135▼ 65.4%-€203,310▼ 514%-€82,684▲ 59.3%-€90,324▼ 9.2%-€24,338▲ 73.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,620% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €177,248
Fixed assets
€165,857 ▼ 2.1%
Current assets
€11,391 ▼ 96.4%
Equity and liabilities €177,248
Equity
€141,519 ▲ 79.0%
Debt
€35,729 ▼ 91.2%
Debt's share of the balance-sheet total falls from 83.6% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€73,178▲
2024 · €5,836
Cash flow
€64,674▲
2024 · -€1,705
Current ratio
0.32▼
2024 · 0.78
Quick ratio
0.28▲
2024 · 0.01
Debt to equity
0.25▼
2024 · 5.11
ROE
44.1%▲
2024 · -4.3%
ROA
35.2%▲
2024 · -0.7%
Interest coverage
8.60▲
2024 · 0.77
Debt ≤ 1 year
€35,729▼
2024 · €404,189
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €926 | €1,633 | €1,711 | €2,226 | ▲ 30.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €9,721 | - | - | - | - |
| Other operating charges640/8 | €4,952 | €599 | €1,975 | €2,984 | €515 | ▼ 82.8% |
| Gross operating margin9900 | -€3,623 | €10,885 | €137,232 | €8,821 | €73,693 | ▲ 735% |
| Operating profit (loss)9901 | -€8,575 | -€361 | €133,624 | €4,126 | €70,952 | ▲ 1,620% |
| Financial income75/76B | - | - | - | €0 | €1 | ▲ 5,000% |
| Recurring financial income75 | - | - | - | €0 | €1 | ▲ 5,000% |
| Non-recurring financial income76B | - | - | - | €0 | €1 | ▲ 5,000% |
| Financial charges65/66B | €4,528 | €14,265 | €14,630 | €7,542 | €8,505 | ▲ 12.8% |
| Recurring financial charges65 | €4,528 | €14,265 | €14,630 | €7,542 | €8,505 | ▲ 12.8% |
| Profit (loss) for the period before taxes9903 | -€13,103 | -€14,626 | €118,994 | -€3,416 | €62,448 | ▲ 1,928% |
| Profit (loss) for the period9904 | -€13,103 | -€14,626 | €118,994 | -€3,416 | €62,448 | ▲ 1,928% |
| Profit (loss) for the period to be appropriated9905 | -€13,103 | -€14,626 | €118,994 | -€3,416 | €62,448 | ▲ 1,928% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €282,133 | €744,644 | €473,359 | €483,260 | €177,248 | ▼ 63.3% |
| Fixed assets21/28 | €11,254 | €166,803 | €165,171 | €169,395 | €165,857 | ▼ 2.1% |
| Tangible fixed assets22/27 | - | €155,550 | €153,917 | €158,141 | €155,915 | ▼ 1.4% |
| Land and buildings22 | - | €155,550 | €153,917 | €158,141 | €155,915 | ▼ 1.4% |
| Financial fixed assets28 | €11,254 | €11,254 | €11,254 | €11,254 | €9,942 | ▼ 11.7% |
| Current assets29/58 | €270,880 | €577,841 | €308,188 | €313,865 | €11,391 | ▼ 96.4% |
| Stocks and contracts in progress3 | €254,157 | €561,510 | €304,608 | €309,260 | €1,487 | ▼ 99.5% |
| Stocks30/36 | €254,157 | €561,510 | €304,608 | €309,260 | €1,487 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €16,723 | €16,331 | €3,580 | €4,604 | €9,904 | ▲ 115% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €282,133 | €744,644 | €473,359 | €483,260 | €177,248 | ▼ 63.3% |
| Equity10/15 | -€21,881 | -€36,507 | €82,487 | €79,071 | €141,519 | ▲ 79.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | €18,592 | - | - | - |
| Issued capital100 | €18,592 | €18,592 | €18,592 | - | - | - |
| Reserves13 | €16,817 | €16,817 | €16,817 | €16,817 | €16,817 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | - | - | - |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | - | - | - |
| Tax-exempt reserves132 | €4,958 | €4,958 | €4,958 | €4,958 | €4,958 | = |
| Distributable reserves133 | €10,000 | €10,000 | €10,000 | €11,859 | €11,859 | = |
| Profit (loss) carried forward14 | -€57,290 | -€71,916 | €47,078 | €43,662 | €106,110 | ▲ 143% |
| Amounts payable17/49 | €304,015 | €781,151 | €390,872 | €404,189 | €35,729 | ▼ 91.2% |
| Amounts payable within one year42/48 | €304,015 | €781,151 | €390,872 | €404,189 | €35,729 | ▼ 91.2% |
| Trade debts44 | €127,150 | €186,552 | €183,248 | €172,429 | €14,277 | ▼ 91.7% |
| Suppliers440/4 | €127,150 | €186,552 | €183,248 | €172,429 | €14,277 | ▼ 91.7% |
| Other amounts payable47/48 | €176,864 | €594,599 | €207,624 | €231,760 | €21,451 | ▼ 90.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,103 | -€14,626 | €118,994 | -€3,416 | €62,448 | ▲ 1,928% |
| + Depreciation and write-downs630 | - | €926 | €1,633 | €1,711 | €2,226 | ▲ 30.1% |
| Operating cash flow (approximation) | -€13,103 | -€13,700 | €120,627 | -€1,705 | €64,674 | ▲ 3,892% |
| Investment in fixed assets (approximation) | - | -€156,475 | €0 | -€5,935 | €1,312 | ▲ 122% |
| Change in cash | - | -€392 | -€12,752 | €1,024 | €5,299 | ▲ 417% |
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
24-07
State Gazette act
RestructuringMerger · Director in office · Incorporation24 facts ▸
State Gazette act
Restructuring
Merger · Director in office · Incorporation24 facts ▸
- Merger, fusion by absorption, proposed
- Director in office, Vanderbeken Joseph (director)
- Director in office, Vanderbeken Matthieu (director)
- Director in office, Vanderbeken Bertrand (director)
- Incorporation, 10-07-1985
- Statutes amendment
- Statutes amendment
- Director in office, Vanderbeken Joseph (director)
- Director in office, Vanderbeken Matthieu (director)
- Director in office, Vanderbeken Bertrand (director)
- Director in office, Vanderbeken Joseph (director)
- Director in office, Vanderbeken Matthieu (director)
- +12 further facts in this act
27-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €62,448
Net result €62,448 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €141,519 ▲79%
Equity rises from €79,071 to €141,519.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €118,994
Net result €118,994 after 5 loss-making years.
20-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 51 days late
2022
31-12
Financial
Weakest financial yearnet -€14,626
Net result drops to -€14,626, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
Show earlier events
2019
21-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 52 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1978
Ground area
980 m²
Building footprint
140 m²
Volume, LiDAR
1,480 m³
Parcel 44021A2427/00E000, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
GOMINA
since 19782.015.030.092
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2427/00E000 | Flanders | 980 m² | 1 · 140 m² | 14.0 m · 4 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.
Articles of association
Purpose
46423: Groothandel in kleding, uit uitzondering van werk- en onderkleding; 46424: Groothandel in kledingaccessoires; 46425: Groothandel in schoeisel; 46498: Groothandel in…
Full purpose (16 activities)
- 46423: Groothandel in kleding, uit uitzondering van werk- en onderkleding
- 46424: Groothandel in kledingaccessoires
- 46425: Groothandel in schoeisel
- 46498: Groothandel in lederwaren en reisartikelen
- 4751302: kleinhandel in materiaal voor vervaardiging van tapijten, tapisserieën en borduurwerk
- 47716: Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires in gespecialiseerde winkel (algemeen assortiment)
- 47722: detailhandel in lederwaren en reisartikelen in gespecialiseerde winkels
- 66300: vermogensbeheer
- 68100: handel in onroerend goed
- 68201: verhuur en exploitatie van eigen ff geleased residentieel onroerend, exclusief sociale woningen
- 68203: verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
- 68204: verhuur en exploitatie van terreinen
- 68311: bemiddeling bij aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
- 68321: beheer van residentieel onroerend goed voor een vast bedrag of op contractbasis
- 68322: beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis
- 70220: Overig adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Structure & network
Owners and holdings
1 ownerChain of control
- DEPARTMENT
- MISTRAL
Highest known parent: DEPARTMENT. The sources do not say who stands above it.
Owners 1
- DEPARTMENTparentSourceaccounts DEPARTMENT 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:DEPARTMENT
Capital and shareholders
Capital over the years
- 24-07-2026 Capital stated in the act · 750 shares
Identification & contact
Identification
Legal formPrivate limited company
Founded23-06-1978
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418447310
Registered
05-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.