MISTY
InactiveMISTY was declared bankrupt on 20-12-2023 (Ondernemingsrechtbank Gent, afdeling Veurne); the bankruptcy was closed by liquidation by judgment of 04-06-2025, published in the Belgian State Gazette on 10-06-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four 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 31-12-2023, 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 · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 01-03-2023, 152 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
152 d early
2021
68 d early
2020
87 d early
2019
121 d early
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€-5k
2021 · €63k
2018: €19k
2019: €20k
2020: €24k
2021: €63k
2018 → 2022
Total assets
€82k▼ 33.5%
2021 · €123k
2018: €90k
2019: €72k
2020: €86k
2021: €123k
2018 → 2022
Net result
€-68k
2021 · €39k
2018: €8k
2019: €2k
2020: €4k
2021: €39k
2018 → 2022
Working capital
€-26k
2021 · €33k
2018: €-2k
2019: €-11k
2020: €-452
2021: €33k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€19k-€20k▲ 8.5%€24k▲ 18.2%€63k▲ 165%€-5k
Operating result€13k-€9k▼ 28.2%€8k▼ 16.4%€50k▲ 555%€-65k
Net result€8k-€2k▼ 81.4%€4k▲ 183%€39k▲ 777%€-68k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €65k after €50k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €82k
Fixed assets
€36k▼ 36.3%
Current assets
€46k▼ 31.0%
Key figures and ratios
EBITDA
€-41k▼
2021 · €72k
Cash flow
€-44k▼
2021 · €61k
Solvency
-5.7%▼
2021 · 51.1%
Current ratio
0.64▼
2021 · 1.98
Quick ratio
0.47▼
2021 · 1.93
Debt / equity
-18.49▼
2021 · 0.96
ROA
-82.5%▼
2021 · 31.8%
Interest coverage
-17.02▼
2021 · 15.03
Debt
€87k▲
2021 · €60k
Debt ≤ 1 year
€72k▲
2021 · €33k
Debt > 1 year
€15k▼
2021 · €27k
Income taxes
€140▼
2021 · €7k
Staff costs
€55k▲
2021 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€123k€82k▼
Fixed assets21/28€57k€36k▼
Tangible fixed assets22/27€57k€36k▼
Plant, machinery and equipment23€31k€24k▼
Furniture and vehicles24€26k€13k▼
Current assets29/58€66k€46k▼
Stocks and contracts in progress3€2k€12k▲
Stocks30/36€2k€12k▲
Amounts receivable within one year40/41€10k€8k▼
Trade receivables40€3k€1k▼
Other amounts receivable41€7k€7k▼
Cash at bank and in hand54/58€49k€23k▼
Deferred charges and accrued income490/1€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€123k€82k▼
Equity10/15€63k€-5k▼
Contributions10/11€19k€19k=
Reserves13€44k€44k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Distributable reserves133€43k€44k▲
Profit (loss) carried forward14-€-68k
Amounts payable17/49€60k€87k▲
Amounts payable after more than one year17€27k€15k▼
Financial debts170/4€27k€15k▼
Amounts payable within one year42/48€33k€72k▲
Current portion of amounts payable after more than one year42€12k€12k▼
Financial debts43€250€10k▲
Credit institutions430/8€250€10k▲
Trade debts44€14k€27k▲
Suppliers440/4€14k€27k▲
Taxes, remuneration and social security45€4k€7k▲
Taxes450/3€2k€2k▲
Remuneration and social security454/9€2k€5k▲
Other amounts payable47/48€3k€16k▲
Income statement
Code20212022
Remuneration, social security and pensions62€48k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€24k▲
Other operating charges640/8€2k€5k▲
Gross operating margin9900€122k€19k▼
Operating profit (loss)9901€50k€-65k▼
Financial income75/76B€537€190▼
Recurring financial income75€537€190▼
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€46k€-68k▼
Income taxes67/77€7k€140▼
Profit (loss) for the period9904€39k€-68k▼
Profit (loss) for the period to be appropriated9905€39k€-68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€-68k▼
Transfer to equity691/2€39k€0▼
To other reserves6921€39k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Veurne · MISTY BV KAAI 38, 8620 NIEUWPOORT · event 04-06-2025
2023
28-12
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Veurne · MISTY BV KAAI 38, 8620 NIEUWPOORT · event 20-12-2023
01-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-68k ▼273%
Net result drops to €-68k, the lowest in the series.
24-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €39k ▲777%
Operating result €50k, net result €39k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.98
Current ratio from 0.99 to 1.98; short-term debt falls from €47k to €33k.
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
19-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BRECHT DAWYNDT ZEELAAN 195, 8670 KOKSIJDE- |
20-12-2023 → present |