Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
39 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
MITISKA from Dilbeek, company number BE0465509730, closed financial year 2025 with a result of € 2.1 million after tax. For that financial year MITISKA recorded revenue of € 337,526 and equity of € 98.1 million. Compared with financial year 2024, the result moved from € 16.6 million to € 2.1 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 1, 2026.
€ 98.1 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.1 million
▼ 87% vs 2024
Profit after tax over the fiscal year.
€ 2.5 million
▼ 10% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 158,948 paid out
8 % of the profit went to the shareholders, mostly to Mitiska Invest (53 % of the shares). That is where the money ends up.
People and assets in 2025
1.3
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 52,469
▼ 52% vs 2024
€ 40,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 10 million
Loans from banks and other lenders, long and short.
€ 131,149
▲ 96% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 18 days on average.
€ 11,238
▲ € 10,723 vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 568,195 | € 695,730 | € 629,936 | € 337,526 | ▼ 46% |
| Profit after taxes | € 4,227,357 | € -11,557,971 | € 16,591,191 | € 2,088,936 | ▼ 87% |
| Equity | € 92,139,320 | € 80,118,184 | € 96,193,908 | € 98,123,897 | ▲ 2% |
| Total debts | € 11,046,319 | € 14,334,288 | € 3,299,573 | € 11,882,358 | ▲ 260% |
| Cash | € 9,843,247 | € 2,620,761 | € 2,736,449 | € 2,471,382 | ▼ 10% |
| Land & buildings | € 300,000 | € 300,000 | € 300,000 | € 300,000 | |
| Retained profit | € 91,055,259 | € 79,034,123 | € 95,109,848 | € 97,039,836 | ▲ 2% |
| Dividend | € 0 | € 463,166 | € 515,466 | € 158,948 | ▼ 69% |
| Bank debt | € 0 | € 5,000,000 | € 0 | € 10,000,000 | |
| Balance sheet total | € 103,185,639 | € 94,452,471 | € 99,493,481 | € 110,006,254 | ▲ 11% |
| Employees (FTE) | 1.7 | 1.8 | 1.2 | 1.3 | ▲ 0.1 |
Key figures of MITISKA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to MITISKA?
What happened at MITISKA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bernard Raevens stepped down as director. NBB
- Punt Holding bv stepped down as director. NBB
- Luc Geuten stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.1 million (▼ 87% vs 2024). Source: NBB ↗
- Bernard Raevens became a director. NBB
- Punt Holding bv became a director. NBB
- Luc Geuten became a director. NBB
- New establishment in Dilbeek. KBO
In short
From € 4.2 million profit in 2022 to € 2.1 million profit in 2025.
Paid € 242,919 in corporate taxes since 2022.
Best year ever: 2024, with € 16.6 million profit.
Paid out € 1.1 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Mitiska Invest (53.1%) and Boston Invest (46.9%). It owns 80.1% of Insula Management, 80.1% of Insula Invest, 62.2% of Gecosim, 58.9% of FRP Founders, 31.7% of Skindr and 30% of Portolani itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2029
Managing director · represented by Carpentier Sylvie
Also active at: BOSTON, MAIN HOLDING, MITISKA REAL ESTATE INVESTMENT MANAGEMENT, BOSTON INVEST, RETAIL PARK Mönchengladbach, Retail Park Germany, MITISKA HOLDING, GECOSIM
since 2023 · until 2029
Luc Geuten
Managing director
Also active at: Arlini, BOSTON, MAIN HOLDING, MITISKA REAL ESTATE INVESTMENT MANAGEMENT, CAPITAL INVESTMENT PARTNERS, BARQ, BOSTON INVEST, MITISKA HOLDING +8 more
since 2023 · until 2029
Shareholders
53.1%
46.9%
Participations
80.1%
80.1%
62.2%
58.9%
31.7%
30%
Establishments
Establishment units
Physical locations of this company
Alfons Gossetlaan 34 box 401
1702 Dilbeek
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 39 companies are registered at this address.
All companies at this address →Arlini same network
€ 80,325 gross margin · 2025
BOSTON same network
€ 103,638 gross margin · 2025
MAIN HOLDING same network
€ 17,715 gross margin · 2025
MITISKA REAL ESTATE INVESTMENT MANAGEMENT same network
€ 15.8 million revenue · 2025
A3M
€ 617,069 gross margin · 2025
+34 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.509.730
- VAT number
- BE 0465.509.730
- Registered office
- Alfons Gossetlaan 34 bus 401, 1702 Dilbeek
- Names & denominations
- MITISKA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 February 1999
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings
Activiteiten van geldmarkt- en niet-geldmarktbeleggingsfondsen
Beleggingstrusts en -fondsen en vergelijkbare financiële instellingen