MISTRAL CLASSICS
ActiveSummary
MISTRAL CLASSICS has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€100,133) and a net result of €28,613. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 1056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+5
Solvency9▲+5
Growth78=
Track record94
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.37 against 0.55 in 2024; short-term debt: 42.7% and cash: 0.6% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-16.1%
Return on assets
4.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1056 sector peers (2025).
NBB · sector comparisonPosition among 1056 sector peers
Solvency
better than 9%
← weakest
strongest →
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 24-04-2026, 98 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
98 d early
2024
29 d late
2023
13 d early
2022
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 28 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed 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. Usually files around 11 July (3 of the last 4 filed years within 49 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
-€100,133▲ 22.2%
2024 · -€128,746
Total assets
€623,798▲ 3.8%
2024 · €600,901
Net result
€28,613▲ 302%
2024 · €7,122
Working capital
€98,956
2024 · -€244,689
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€192,354-€15,308€17,342▲ 13.3%€38,542▲ 122%
Net result-€199,469below the sector's middle half-€3,602within the sector's middle half€7,122below the sector's middle half▲ 97.7%€28,613within the sector's middle half▲ 302%
Equity-€139,469below the sector's middle half--€135,868below the sector's middle half▲ 2.6%-€128,746below the sector's middle half▲ 5.2%-€100,133below the sector's middle half▲ 22.2%
Total assets€592,031above the sector's middle half-€643,153above the sector's middle half▲ 8.6%€600,901within the sector's middle half▼ 6.6%€623,798within the sector's middle half▲ 3.8%
Debt€731,500-€779,020▲ 6.5%€729,647▼ 6.3%€723,931▼ 0.8%
Working capital-€274,964below the sector's middle half--€265,110below the sector's middle half▲ 3.6%-€244,689below the sector's middle half▲ 7.7%€98,956within the sector's middle half
Solvency-23.6%below the sector's middle half--21.1%below the sector's middle half▲ 2.4pp-21.4%below the sector's middle half▼ 0.3pp-16.1%below the sector's middle half▲ 5.4pp
Current ratio0.44below the sector's middle half-0.53below the sector's middle half▲ 0.100.55below the sector's middle half▲ 0.021.37within the sector's middle half▲ 0.82
Return on assets (ROA)-33.7%below the sector's middle half-0.6%within the sector's middle half▲ 34.3pp1.2%below the sector's middle half▲ 0.6pp4.6%within the sector's middle half▲ 3.4pp
Staff (FTE)2.5-3.5▲ 40.0%4.6within the sector's middle half▲ 31.4%4.7within the sector's middle half▲ 2.2%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 122% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €622,220
Fixed assets
€257,094 ▼ 13.5%
Current assets
€365,126 ▲ 21.3%
Key figures and ratios
EBITDA
€88,583▲
2024 · €66,422
Cash flow
€78,653▲
2024 · €56,202
Quick ratio
0.58▲
2024 · 0.31
Debt to equity
-7.23▼
2024 · -5.67
Interest coverage
8.92▲
2024 · 5.81
Debt ≤ 1 year
€266,170▼
2024 · €545,675
Debt > 1 year
€457,762▲
2024 · €182,264
Staff costs
€303,187▲
2024 · €293,129
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 516 companies that looked in July 2024 the way this one looks now, 3.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
3.7%
went bankrupt
2.3%
stopped otherwise
92%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 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% | 1.7% |
| 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 75% 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 516 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €81 | €0 | - | - |
| Remuneration, social security and pensions62 | €126,121 | €219,843 | €293,129 | €303,187 | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,578 | €47,321 | €49,080 | €50,040 | ▲ 2.0% |
| Other operating charges640/8 | €526 | €6,908 | €898 | €2,956 | ▲ 229% |
| Gross operating margin9900 | -€37,130 | €289,380 | €360,449 | €394,726 | ▲ 9.5% |
| Operating profit (loss)9901 | -€192,354 | €15,308 | €17,342 | €38,542 | ▲ 122% |
| Financial income75/76B | €236 | €466 | €1,217 | €0 | ▼ 100% |
| Recurring financial income75 | €236 | €466 | €1,217 | €0 | ▼ 100% |
| Financial charges65/66B | €7,351 | €12,173 | €11,437 | €9,930 | ▼ 13.2% |
| Recurring financial charges65 | €7,351 | €12,173 | €11,437 | €9,930 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | -€199,469 | €3,602 | €7,122 | €28,613 | ▲ 302% |
| Profit (loss) for the period9904 | -€199,469 | €3,602 | €7,122 | €28,613 | ▲ 302% |
| Profit (loss) for the period to be appropriated9905 | -€199,469 | €3,602 | €7,122 | €28,613 | ▲ 302% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €592,031 | €643,153 | €600,901 | €623,798 | ▲ 3.8% |
| Formation expenses20 | €4,997 | €3,857 | €2,718 | €1,578 | ▼ 41.9% |
| Fixed assets21/28 | €373,748 | €337,994 | €297,198 | €257,094 | ▼ 13.5% |
| Intangible fixed assets21 | €146,227 | €130,086 | €113,945 | €97,803 | ▼ 14.2% |
| Tangible fixed assets22/27 | €227,521 | €207,908 | €183,253 | €159,291 | ▼ 13.1% |
| Plant, machinery and equipment23 | €73,535 | €70,668 | €62,704 | €57,258 | ▼ 8.7% |
| Furniture and vehicles24 | €14,164 | €10,945 | €9,242 | €5,714 | ▼ 38.2% |
| Other tangible fixed assets26 | €139,822 | €126,296 | €111,307 | €96,319 | ▼ 13.5% |
| Current assets29/58 | €213,287 | €301,302 | €300,986 | €365,126 | ▲ 21.3% |
| Stocks and contracts in progress3 | €20,300 | €70,000 | €131,368 | €209,634 | ▲ 59.6% |
| Stocks30/36 | €10,000 | €60,000 | €91,236 | €174,867 | ▲ 91.7% |
| Contracts in progress37 | €10,300 | €10,000 | €40,132 | €34,767 | ▼ 13.4% |
| Amounts receivable within one year40/41 | €145,941 | €211,048 | €160,578 | €144,651 | ▼ 9.9% |
| Trade receivables40 | €91,105 | €206,723 | €160,571 | €144,331 | ▼ 10.1% |
| Other amounts receivable41 | €54,836 | €4,326 | €7 | €320 | ▲ 4,604% |
| Cash at bank and in hand54/58 | €31,906 | €3,613 | €3,711 | €3,759 | ▲ 1.3% |
| Deferred charges and accrued income490/1 | €15,140 | €16,640 | €5,328 | €7,082 | ▲ 32.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €592,031 | €643,153 | €600,901 | €623,798 | ▲ 3.8% |
| Equity10/15 | -€139,469 | -€135,868 | -€128,746 | -€100,133 | ▲ 22.2% |
| Contributions10/11 | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Profit (loss) carried forward14 | -€199,469 | -€195,868 | -€188,746 | -€160,133 | ▲ 15.2% |
| Amounts payable17/49 | €731,500 | €779,020 | €729,647 | €723,931 | ▼ 0.8% |
| Amounts payable after more than one year17 | €242,149 | €212,608 | €182,264 | €457,762 | ▲ 151% |
| Financial debts170/4 | €242,149 | €212,608 | €182,264 | €457,762 | ▲ 151% |
| Amounts payable within one year42/48 | €488,251 | €566,412 | €545,675 | €266,170 | ▼ 51.2% |
| Current portion of amounts payable after more than one year42 | €28,758 | €29,541 | €30,344 | €31,170 | ▲ 2.7% |
| Financial debts43 | €48,179 | €36,462 | €37,394 | €60,537 | ▲ 61.9% |
| Credit institutions430/8 | €48,179 | €36,462 | €37,394 | €60,537 | ▲ 61.9% |
| Trade debts44 | €84,457 | €81,974 | €101,322 | €108,761 | ▲ 7.3% |
| Suppliers440/4 | €84,457 | €81,974 | €101,322 | €108,761 | ▲ 7.3% |
| Taxes, remuneration and social security45 | €20,189 | €74,011 | €63,231 | €63,958 | ▲ 1.1% |
| Taxes450/3 | €4,420 | €45,782 | €34,360 | €34,070 | ▼ 0.8% |
| Remuneration and social security454/9 | €15,769 | €28,229 | €28,871 | €29,888 | ▲ 3.5% |
| Other amounts payable47/48 | €306,667 | €344,424 | €313,383 | €1,744 | ▼ 99.4% |
| Accrued charges and deferred income492/3 | €1,100 | €0 | €1,708 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€199,469 | €3,602 | €7,122 | €28,613 | ▲ 302% |
| + Depreciation and write-downs630 | €28,578 | €47,321 | €49,080 | €50,040 | ▲ 2.0% |
| Operating cash flow (approximation) | -€170,891 | €50,923 | €56,202 | €78,653 | ▲ 39.9% |
| Investment in fixed assets (approximation) | - | -€11,568 | -€8,284 | -€9,937 | ▼ 19.9% |
| Change in cash | - | -€28,293 | €98 | €47 | ▼ 51.8% |
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
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2022net €28,613 ▲302%
Operating result €38,542, net result €28,613, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.37
Current ratio from 0.55 to 1.37; short-term debt falls from €545,675 to €266,170.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,602
Net result €3,602 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Ieper · 1 establishment unit since 2022
Ground area
18.6 ha
Building footprint
9,210 m²
Volume, LiDAR
79,365 m³
Parcel 33305B0964/00D000, Flanders · tallest building 44.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MISTRAL CLASSICS
since 20222.330.434.797
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33305B0964/00D000 | Flanders | 18.6 ha | 1 · 9,210 m² | 44.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 9,219 EUR awarded · 9,219 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,650 EUR | 6,650 EUR |
| 2024 | 2 | 2,569 EUR | 2,569 EUR |
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Of 7,378 companies in sector 95311 we hold annual accounts for 2,962. 904 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95319Other maintenance and repair of motor vehicles
95314Bodywork repair (including spraying and painting)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784456618
Also
9925:BE0784456618
Registered
18-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.