Mitsanto
ActiveSummary
Mitsanto has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €87,884 and a net result of €16,248. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 92% of 1576 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 10.52 against 7.63 in 2024; short-term debt: 9.5% and cash: 92.7% of total assets), and 15% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
85%
Return on assets
15.7%
Age of the figures
9 mo
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 23-06-2026, 38 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
38 d early
2024
37 d early
2023
42 d early
2022
28 d early
2021
20 d early
2020
25 d early
2019
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€87,884▲ 22.7%
2024 · €71,636
Total assets
€103,349▲ 10.8%
2024 · €93,294
Net result
€16,248▲ 32.8%
2024 · €12,237
Working capital
€93,524▲ 15.4%
2024 · €81,068
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line20212022202320242025
Operating result€6,408€7,345▲ 14.6%€633▼ 91.4%€17,140▲ 2,607%€21,801▲ 27.2%
Net result€6,408within the sector's middle half€7,159within the sector's middle half▲ 11.7%€541within the sector's middle half▼ 92.4%€12,237within the sector's middle half▲ 2,163%€16,248within the sector's middle half▲ 32.8%
Equity€51,699within the sector's middle half▲ 14.1%€58,858within the sector's middle half▲ 13.8%€59,399within the sector's middle half▲ 0.9%€71,636within the sector's middle half▲ 20.6%€87,884within the sector's middle half▲ 22.7%
Total assets€52,152below the sector's middle half▲ 12.3%€59,904below the sector's middle half▲ 14.9%€59,783below the sector's middle half▼ 0.2%€93,294within the sector's middle half▲ 56.1%€103,349within the sector's middle half▲ 10.8%
Debt€452▼ 60.7%€1,046▲ 131%€384▼ 63.2%€21,658▲ 5,534%€15,465▼ 28.6%
Working capital€51,699within the sector's middle half▲ 14.1%€58,858above the sector's middle half▲ 13.8%€59,399above the sector's middle half▲ 0.9%€81,068above the sector's middle half▲ 36.5%€93,524above the sector's middle half▲ 15.4%
Solvency99.1%above the sector's middle half▲ 1.6pp98.3%above the sector's middle half▼ 0.9pp99.4%above the sector's middle half▲ 1.1pp76.8%above the sector's middle half▼ 22.6pp85.0%above the sector's middle half▲ 8.3pp
Current ratio57.30above the sector's middle half7.63above the sector's middle half10.52above the sector's middle half▲ 2.89
Return on assets (ROA)12.3%within the sector's middle half▲ 19.2pp12.0%above the sector's middle half▼ 0.3pp0.9%within the sector's middle half▼ 11.0pp13.1%within the sector's middle half▲ 12.2pp15.7%above the sector's middle half▲ 2.6pp
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 27% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €103,349
Equity
€87,884 ▲ 22.7%
Debt
€15,465 ▼ 28.6%
Debt's share of the balance-sheet total falls from 23.2% to 15.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.18▼
2024 · 0.30
ROE
18.5%▲
2024 · 17.1%
Debt ≤ 1 year
€9,825▼
2024 · €12,226
Income taxes
€5,416▲
2024 · €4,807
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €449 | €450 | €568 | €569 | €754 | ▲ 32.5% |
| Gross operating margin9900 | €6,857 | €7,795 | €1,202 | €17,709 | €22,555 | ▲ 27.4% |
| Operating profit (loss)9901 | €6,408 | €7,345 | €633 | €17,140 | €21,801 | ▲ 27.2% |
| Financial charges65/66B | €0 | €186 | €92 | €97 | €137 | ▲ 41.4% |
| Recurring financial charges65 | €0 | €186 | €92 | €97 | €137 | ▲ 41.4% |
| Profit (loss) for the period before taxes9903 | €6,408 | €7,159 | €541 | €17,044 | €21,664 | ▲ 27.1% |
| Income taxes67/77 | - | - | - | €4,807 | €5,416 | ▲ 12.7% |
| Profit (loss) for the period9904 | €6,408 | €7,159 | €541 | €12,237 | €16,248 | ▲ 32.8% |
| Profit (loss) for the period to be appropriated9905 | €6,408 | €7,159 | €541 | €12,237 | €16,248 | ▲ 32.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €52,152 | €59,904 | €59,783 | €93,294 | €103,349 | ▲ 10.8% |
| Current assets29/58 | €52,152 | €59,904 | €59,783 | €93,294 | €103,349 | ▲ 10.8% |
| Amounts receivable within one year40/41 | €959 | €1,340 | €2,704 | €10,614 | €6,246 | ▼ 41.2% |
| Trade receivables40 | €959 | €1,340 | €693 | €7,746 | €5,541 | ▼ 28.5% |
| Other amounts receivable41 | €0 | - | €2,011 | €2,869 | €704 | ▼ 75.4% |
| Cash at bank and in hand54/58 | €51,192 | €58,563 | €57,080 | €81,559 | €95,827 | ▲ 17.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,121 | €1,277 | ▲ 13.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €52,152 | €59,904 | €59,783 | €93,294 | €103,349 | ▲ 10.8% |
| Equity10/15 | €51,699 | €58,858 | €59,399 | €71,636 | €87,884 | ▲ 22.7% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | - | - | - | €10,136 | €11,136 | ▲ 9.9% |
| Non-distributable reserves130/1 | - | - | - | €1,000 | €2,000 | ▲ 100% |
| Legal reserve130 | - | - | - | €1,000 | €2,000 | ▲ 100% |
| Distributable reserves133 | - | - | - | €9,136 | €9,136 | = |
| Profit (loss) carried forward14 | -€9,801 | -€2,642 | -€2,101 | €0 | €15,248 | - |
| Amounts payable17/49 | €452 | €1,046 | €384 | €21,658 | €15,465 | ▼ 28.6% |
| Amounts payable within one year42/48 | €452 | €1,046 | €384 | €12,226 | €9,825 | ▼ 19.6% |
| Trade debts44 | €0 | €567 | €384 | €764 | €9,825 | ▲ 1,186% |
| Suppliers440/4 | €0 | €567 | €384 | €764 | €9,825 | ▲ 1,186% |
| Taxes, remuneration and social security45 | €452 | €478 | €0 | €11,462 | €0 | ▼ 100% |
| Taxes450/3 | €452 | €478 | €0 | €11,462 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €9,432 | €5,640 | ▼ 40.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,408 | €7,159 | €541 | €12,237 | €16,248 | ▲ 32.8% |
| Operating cash flow (approximation) | €6,408 | €7,159 | €541 | €12,237 | €16,248 | ▲ 32.8% |
| Change in cash | - | €7,371 | -€1,484 | €24,479 | €14,268 | ▼ 41.7% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €16,248 ▲32.8%
Operating result €21,801, net result €16,248, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 155.51
Current ratio from 57.30 to 155.51; short-term debt falls from €1,046 to €384.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €6,408
Net result €6,408 after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 115.35
Current ratio from 40.40 to 115.35; short-term debt falls from €1,150 to €452.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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
Registered office, Geel · 1 establishment unit since 2017
Ground area
2.9 ha
Building footprint
4,402 m²
Parcel 13376G0336/00Y000, Flanders. Linked by address, not a title deed.
14
companies at this address
See who is registered here
1 establishment unit
Mitsanto
since 20172.263.601.601
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13376G0336/00Y000 | Flanders | 2.9 ha | 1 · 4,402 m² | - |
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 87 companies in sector 10860 we hold annual accounts for 47. 30 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-04-2017
Fiscal year end31-12
Activities, NACEBEL 2025
10860Manufacture of food products
72101Research and development on biotechnology
E-invoicing
Reachable via Peppol
Peppol ID
0208:0674708343
Also
9925:BE0674708343
Registered
10-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.