misaRAIL
ActivemisaRAIL has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €-33k. Equity is shrinking by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 31527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency96▼-3
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 2.14 against 2.64 in 2024), and 46.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 70
lower
← 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
53.4%
Return on assets
-82.5%
Age of the figures
8 mo
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€33k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
8 d late
2023
30 d late
2022
41 d early
2021
26 d late
2020
40 d early
2019
7 d early
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▼ 60.7%
2024 · €54k
2018: €51k
2019: €80k
2020: €75k
2021: €71k
2022: €84k
2023: €84k
2024: €54k
2018 → 2025
Total assets
€40k▼ 53.5%
2024 · €85k
2018: €83k
2019: €128k
2020: €88k
2021: €93k
2022: €109k
2023: €117k
2024: €85k
2018 → 2025
Net result
€-33k▼ 8.3%
2024 · €-30k
2018: €27k
2019: €48k
2020: €-5k
2021: €10k
2022: €38k
2023: €12k
2024: €-30k
2018 → 2025
Working capital
€21k▼ 59.2%
2024 · €51k
2018: €45k
2019: €76k
2020: €73k
2021: €69k
2022: €74k
2023: €78k
2024: €51k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€84k▲ 18.6%€84k▼ 0.2%€54k▼ 35.9%€21k▼ 60.7%
Operating result€14k-€53k▲ 284%€18k▼ 65.7%€-30k€-32k▼ 6.3%
Net result€10k-€38k▲ 296%€12k▼ 67.8%€-30k€-33k▼ 8.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €32k in 2025 against €30k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €40k
Fixed assets
€150▼ 93.7%
Current assets
€39k▼ 52.4%
Equity and liabilities €40k
Equity
€21k▼ 60.7%
Debt
€18k▼ 41.2%
The debt ratio rises from 36.8% to 46.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-29k▼
2024 · €-26k
Cash flow
€-30k▼
2024 · €-26k
Solvency
53.4%▼
2024 · 63.2%
Current ratio
2.14▼
2024 · 2.64
Quick ratio
2.14▼
2024 · 2.64
Debt / equity
0.87▲
2024 · 0.58
ROE
-154.5%▼
2024 · -56.0%
ROA
-82.5%▼
2024 · -35.4%
Interest coverage
-38.73▲
2024 · -179.42
Debt
€18k▼
2024 · €31k
Debt ≤ 1 year
€18k▼
2024 · €31k
Income taxes
€196▲
2024 · €187
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€85k€40k▼
Fixed assets21/28€2k€150▼
Tangible fixed assets22/27€2k-
Plant, machinery and equipment23€11-
Furniture and vehicles24€2k-
Financial fixed assets28€191€150▼
Current assets29/58€83k€39k▼
Amounts receivable within one year40/41€23k€19k▼
Trade receivables40€2k€4k▲
Other amounts receivable41€21k€15k▼
Cash at bank and in hand54/58€58k€18k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€85k€40k▼
Equity10/15€54k€21k▼
Contributions10/11€19k€19k=
Reserves13€64k€64k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€62k€62k=
Profit (loss) carried forward14€-29k€-61k▼
Amounts payable17/49€31k€18k▼
Amounts payable within one year42/48€31k€18k▼
Trade debts44€462€1k▲
Suppliers440/4€462€1k▲
Taxes, remuneration and social security45€16k€6k▼
Taxes450/3€13k€3k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€15k€11k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€2k▼
Other operating charges640/8€559€885▲
Gross operating margin9900€-25k€-29k▼
Operating profit (loss)9901€-30k€-32k▼
Financial charges65/66B€144€762▲
Recurring financial charges65€144€762▲
Profit (loss) for the period before taxes9903€-30k€-32k▼
Income taxes67/77€187€196▲
Profit (loss) for the period9904€-30k€-33k▼
Profit (loss) for the period to be appropriated9905€-30k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-29k€-61k▼
Profit (loss) brought forward from the previous period14P€1k€-29k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 6.81
Current ratio from 2.58 to 6.81; short-term debt falls from €48k to €12k.
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €48k ▲79.1%
Operating result €65k, net result €48k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial 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
Registered office, Hastière · 1 establishment unit since 2014
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.
Clos-Saint-Pierre, H.-par-delà 275541 HastièreGround area
195 m²
Building footprint
146 m²
Volume, LiDAR
977 m³
Parcel 25060B0324/00G000, Wallonia · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
misaRAIL
since 20142.236.673.906
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25060B0324/00G000 | Wallonia | 195 m² | 1 · 146 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
98450049EB4FF7799288
Similar companies · same sector, comparable size
RESEAU SOLIDARITE, CULTURE, ENERGIES, FINANCE
BE 0899.469.518
Vorst · Eq €21k
PNG
BE 0467.559.893
Brasschaat · Eq €21k
inFlights
BE 0677.884.203
Brussel · Eq €21k
BHN PROJECTS
BE 0786.671.384
Villers-le-Bouillet · Eq €21k
MANCO
BE 0883.337.230
Lier · Eq €21k
Of 82,215 companies in sector 70200 we hold annual accounts for 52,392. 31,051 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-11-2014
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:meyonnal@gmail.com
Phone:0478/227523