Active BE 0436.734.085Public limited companyOpen bankruptcy

MISHAL

· 37 yrs active

Sector: Groothandel in diamant en andere edelstenen (46861)

Conclusion Checked

A bankruptcy procedure is open for MISHAL according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €14.70M and a net result of €110k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€14.70M
Net result	€110k
Active	37 yrs
Locations	1

Financial profile 5 of 5 axes measured · computed by Checked

29 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 21

Profitability 14

Solvency 65

Growth 46

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

53 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

· 1 administrative flag (+3)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags1 events

Address struck

Health barometer FY 2022 · computed

21 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 27-08-2024 with the NBB · fiscal year 2023 · volledig

RevenueOperating resultNet result

Revenue

€87.48M

+10.1% 18-22

EBITDA

€2.13M

+39.0% 18-22

Net profit

€110k

+312.3% 18-22

Cash flow

€125k

+203.6% 18-22

Total assets

€52.68M

+3.7% 18-22

Equity

€14.70M

+0.8% 18-22

Working capital

€29.60M

+4.4% 18-22

Employees (FTE)

2

-34.3% 18-22

Show 14 other metrics

Staff costs

€39k

+802.6% 18-22

Income taxes

€26k

+36.9% 18-22

Debt

€37.97M

+4.8% 18-22

Debt ≤ 1y

€21.95M

+2.9% 18-22

Debt > 1y

€15.73M

+5.7% 18-22

Current ratio

2.35

+0.8% 18-22

Quick ratio

1.26

+4.7% 18-22

Solvency

27.9%

-2.8% 18-22

Debt / equity

2.58

+4.0% 18-22

ROE

0.7%

+309.2% 18-22

ROA

0.2%

+297.7% 18-22

Net margin

0.1%

+274.4% 18-22

EBITDA margin

2.4%

+26.2% 18-22

Interest coverage

2.43

+46.6% 18-22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Deposit	volledig
Revenue	€87.48M
EBITDA	€2.13M
Net profit	€110k
Cash flow	€125k
Staff costs	€39k
Income taxes	€26k
Dividends	-
Total assets	€52.68M
Equity	€14.70M
Debt	€37.97M
of which ≤ 1y	€21.95M
of which > 1y	€15.73M
Working capital	€29.60M
Employees (FTE)	-

Ratios (computed)

	2022
Current ratio	2.35
Quick ratio	1.26
Working capital ratio	56.2%
Solvency	27.9%
Debt / equity	2.58
Long-term debt ratio	1.07
Interest coverage	2.43
Gross margin	3.2%
Net margin	0.1%
ROA	0.2%
ROE	0.7%
EBITDA margin	2.4%
Days sales outstanding	109d
Days payable outstanding	13d
Inventory turnover	3.55
Days inventory (DSI)	103d

Balance-sheet composition 2022

Assets

Fixed assets €1.13M · 2.1% Current assets €51.55M · 97.9%

Equity & liabilities

Equity €14.70M · 27.9% Debt €37.97M · 72.1%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€52.68M
Fixed assets	21/28	€1.13M
Tangible fixed assets	22/27	€1.12M
Financial fixed assets	28	€1k
Current assets	29/58	€51.55M
Stocks & contracts in progress	3	€23.88M
Amounts receivable within one year	40/41	€26.22M
Cash & bank	54/58	€1.44M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€52.68M
Equity	10/15	€14.70M
Contributions / capital	10/11	€12.65M
Reserves	13	€2.05M
Amounts payable	17/49	€37.97M
Amounts payable after one year	17	€15.73M
Amounts payable within one year	42/48	€21.95M
Trade debts payable within one year	44	€3.02M
Income statement
Turnover	70	€87.48M
Operating result	9901	€2.12M
Financial income	75	€3k
Financial charges	65	€1.99M
Result before taxes	9903	€137k
Income taxes	67/77	€26k
Net result for the period	9904	€110k
Result to be appropriated	9905	€110k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	STéPHANE VAN MOORLEGHEM MECHELSE- STEENWEG 271/8.1, 2018 ANTWERPEN 1	24-10-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Groothandel in diamant en andere edelstenen(46861)
Legal form	Public limited company(014)
Incorporation	14-02-1989
Status	Active
Postal code	-
First BS signal	30-10-2024
Latest BS signal	30-10-2024

Establishment units 1 location

Establishment

Groothandel in diamant

since 19892.042.244.631

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11808H1178/00F008	Flanders	3,604 m²	1 · 2,774 m²	45.0 m · 8 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

23-02-2026

KBO administration Address struck

2024

30-10-2024

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · MISHAL NV HOVENNIERS- STRAAT 2/131, 2018 ANTWERPEN 1 · event 24-10-2024

27-08-2024