MITISARCH
ActiveSummary
MITISARCH has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €5,000 and a net result of €71,353. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 449 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency28▼-72
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
2.8%
Return on assets
40.3%
Age of the figures
3 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 449 sector peers (2026).
NBB · sector comparisonPosition among 449 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2026 was due by 31-01-2027 and was filed on 23-09-2026, 130 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2026
130 d early
2025
110 d early
2024
130 d early
2023
23 d early
2022
127 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 104 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2027 and is due by 31-01-2028. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-06-2027 close31-01-2028 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 How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2026, micro schema
Equity
€5,000▼ 97.0%
2025 · €164,018
Total assets
€177,020▼ 4.5%
2025 · €185,330
Net result
€71,353▼ 4.5%
2025 · €74,732
Working capital
€3,424▼ 97.9%
2025 · €160,057
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20222023202420252026
Operating result€72,454-€45,303▼ 37.5%€97,732▲ 116%€94,412▼ 3.4%€89,512▼ 5.2%
Net result€52,492within the sector's middle half-€31,795within the sector's middle half▼ 39.4%€77,011above the sector's middle half▲ 142%€74,732above the sector's middle half▼ 3.0%€71,353▼ 4.5%
Equity€57,492within the sector's middle half-€89,287within the sector's middle half▲ 55.3%€166,297within the sector's middle half▲ 86.3%€164,018within the sector's middle half▼ 1.4%€5,000▼ 97.0%
Total assets€94,943within the sector's middle half-€117,660within the sector's middle half▲ 23.9%€196,319within the sector's middle half▲ 66.9%€185,330within the sector's middle half▼ 5.6%€177,020▼ 4.5%
Debt€37,451-€28,373▼ 24.2%€30,021▲ 5.8%€21,312▼ 29.0%€172,020▲ 707%
Working capital€54,218within the sector's middle half-€71,248within the sector's middle half▲ 31.4%€155,710above the sector's middle half▲ 119%€160,057above the sector's middle half▲ 2.8%€3,424▼ 97.9%
Solvency60.6%within the sector's middle half-75.9%within the sector's middle half▲ 15.3pp84.7%above the sector's middle half▲ 8.8pp88.5%above the sector's middle half▲ 3.8pp2.8%▼ 85.7pp
Current ratio2.45within the sector's middle half-3.51within the sector's middle half▲ 1.066.19above the sector's middle half▲ 2.688.51above the sector's middle half▲ 2.321.02▼ 7.49
Return on assets (ROA)55.3%above the sector's middle half-27.0%within the sector's middle half▼ 28.3pp39.2%above the sector's middle half▲ 12.2pp40.3%above the sector's middle half▲ 1.1pp40.3%=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 5% below 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €177,020
Fixed assets
€1,576 ▼ 60.2%
Current assets
€175,444 ▼ 3.3%
Equity and liabilities €177,020
Equity
€5,000 ▼ 97.0%
Debt
€172,020 ▲ 707%
Debt's share of the balance-sheet total rises from 11.5% to 97.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€92,367▼
2025 · €102,625
Cash flow
€74,208▼
2025 · €82,944
Debt to equity
34.40▲
2025 · 0.13
Interest coverage
1112.72▼
2025 · 1262.14
Debt ≤ 1 year
€172,020▲
2025 · €21,312
Income taxes
€19,432▼
2025 · €20,704
A ratio outside any meaningful range has been withheld (balance sheet total €177,020, equity €5,000).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,151 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
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 0.4% 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 2,151 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 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €773 | €6,608 | €8,738 | €8,213 | €2,854 | ▼ 65.2% |
| Other operating charges640/8 | - | €734 | €511 | €916 | €1,109 | ▲ 21.1% |
| Non-recurring operating charges66A | - | - | - | €576 | €704 | ▲ 22.2% |
| Gross operating margin9900 | €73,227 | €52,645 | €106,981 | €104,117 | €94,180 | ▼ 9.5% |
| Operating profit (loss)9901 | €72,454 | €45,303 | €97,732 | €94,412 | €89,512 | ▼ 5.2% |
| Financial income75/76B | €0 | €0 | €866 | €1,105 | €1,356 | ▲ 22.7% |
| Recurring financial income75 | €0 | €0 | €866 | €1,105 | €1,356 | ▲ 22.7% |
| Financial charges65/66B | €136 | €89 | €103 | €81 | €83 | ▲ 2.1% |
| Recurring financial charges65 | €136 | €89 | €103 | €81 | €83 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €72,318 | €45,214 | €98,495 | €95,435 | €90,786 | ▼ 4.9% |
| Income taxes67/77 | €19,826 | €13,419 | €21,484 | €20,704 | €19,432 | ▼ 6.1% |
| Profit (loss) for the period9904 | €52,492 | €31,795 | €77,011 | €74,732 | €71,353 | ▼ 4.5% |
| Profit (loss) for the period to be appropriated9905 | €52,492 | €31,795 | €77,011 | €74,732 | €71,353 | ▼ 4.5% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,943 | €117,660 | €196,319 | €185,330 | €177,020 | ▼ 4.5% |
| Fixed assets21/28 | €3,275 | €18,039 | €10,587 | €3,961 | €1,576 | ▼ 60.2% |
| Tangible fixed assets22/27 | €3,275 | €18,039 | €10,587 | €3,961 | €1,576 | ▼ 60.2% |
| Furniture and vehicles24 | €3,275 | €18,039 | €10,587 | €3,961 | €1,576 | ▼ 60.2% |
| Current assets29/58 | €91,668 | €99,621 | €185,731 | €181,369 | €175,444 | ▼ 3.3% |
| Amounts receivable within one year40/41 | €44,649 | €42,879 | €49,146 | €61,259 | €24,278 | ▼ 60.4% |
| Trade receivables40 | €44,649 | €42,879 | €49,005 | €52,118 | €24,089 | ▼ 53.8% |
| Other amounts receivable41 | - | - | €141 | €9,141 | €189 | ▼ 97.9% |
| Current investments50/53 | - | - | €100,000 | €0 | €100,000 | - |
| Cash at bank and in hand54/58 | €46,882 | €56,384 | €35,536 | €119,513 | €49,811 | ▼ 58.3% |
| Deferred charges and accrued income490/1 | €138 | €358 | €1,049 | €598 | €1,356 | ▲ 127% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,943 | €117,660 | €196,319 | €185,330 | €177,020 | ▼ 4.5% |
| Equity10/15 | €57,492 | €89,287 | €166,297 | €164,018 | €5,000 | ▼ 97.0% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €52,492 | €84,287 | €161,297 | €159,018 | €0 | ▼ 100% |
| Distributable reserves133 | €52,492 | €84,287 | €161,297 | €159,018 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €37,451 | €28,373 | €30,021 | €21,312 | €172,020 | ▲ 707% |
| Amounts payable within one year42/48 | €37,451 | €28,373 | €30,021 | €21,312 | €172,020 | ▲ 707% |
| Trade debts44 | €6,376 | €5,809 | €368 | €4,680 | €1,835 | ▼ 60.8% |
| Suppliers440/4 | €6,376 | €5,809 | €368 | €4,680 | €1,835 | ▼ 60.8% |
| Taxes, remuneration and social security45 | €29,454 | €21,021 | €29,516 | €12,007 | €11,292 | ▼ 6.0% |
| Taxes450/3 | €29,454 | €21,021 | €29,516 | €12,007 | €11,292 | ▼ 6.0% |
| Other amounts payable47/48 | €1,621 | €1,542 | €137 | €4,625 | €158,893 | ▲ 3,336% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,492 | €31,795 | €77,011 | €74,732 | €71,353 | ▼ 4.5% |
| + Depreciation and write-downs630 | €773 | €6,608 | €8,738 | €8,213 | €2,854 | ▼ 65.2% |
| Operating cash flow (approximation) | €53,265 | €38,403 | €85,749 | €82,944 | €74,208 | ▼ 10.5% |
| Investment in fixed assets (approximation) | - | -€21,372 | -€1,286 | -€1,586 | -€470 | ▲ 70.4% |
| Change in cash | - | €9,502 | -€20,848 | €83,976 | -€69,702 | ▼ 183% |
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 2027, expected by
2026
23-09
NBB filing
Annual accounts filed
fiscal year 2026 · micro schema
2025
13-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Highest result since 2022net €77,011 ▲142%
Operating result €97,732, net result €77,011, both a record.
30-06
Financial
Equity above €150,000Eq €166,297 ▲86.3%
3 profitable years in a row build equity to €166,297.
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €31,795 ▼39.4%
Net result drops to €31,795, the lowest in the series; recovery starts the following year.
2022
26-09
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, Antoing · 1 establishment unit since 2021
Ground area
167 m²
Building footprint
62 m²
Volume, LiDAR
468 m³
Parcel 57017A0153/00C004, Wallonia · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MITISARCH
since 20212.320.594.841
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57017A0153/00C004 | Wallonia | 167 m² | 1 · 62 m² | 9.9 m · 3 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.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 15,603 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
Founded11-08-2021
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772477415
Registered
13-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.