Financials
Financial year 2025
MISAL from Burg-Reuland, company number BE0764416715, closed financial year 2025 with a result of € 471,182 after tax. For that financial year MISAL recorded a gross margin of € 199,317 and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 404,732 to € 471,182. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 1.7 million
▲ 39% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 471,182
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 53,890
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1,666 paid out
0 % of the profit went to the shareholders, the rest stayed in the company.
Debts at end 2025
€ 3.6 million
▼ 10% vs 2024
€ 195,813 is repaid this year. At this pace the long-term loan is gone in ≈ 18 years.
€ 3,287
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 18,166
▼ 77% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 241,084 | € 301,282 | € 219,919 | € 199,317 | ▼ 9% |
| Profit after taxes | € 222,456 | € 473,156 | € 404,732 | € 471,182 | ▲ 16% |
| Equity | € 325,238 | € 796,728 | € 1,199,742 | € 1,669,258 | ▲ 39% |
| Total debts | € 4,942,047 | € 4,223,501 | € 4,082,044 | € 3,639,239 | ▼ 11% |
| Cash | € 246,285 | € 20,228 | € 103,364 | € 53,890 | ▼ 48% |
| Retained profit | € 265,238 | € 736,728 | € 1,139,742 | € 1,609,258 | ▲ 41% |
| Dividend | € 1,600 | € 1,666 | € 1,718 | € 1,666 | ▼ 3% |
| Bank debt | € 4,836,846 | € 4,128,481 | € 3,977,604 | € 3,593,487 | ▼ 10% |
| Balance sheet total | € 5,267,285 | € 5,020,228 | € 5,281,786 | € 5,308,497 | ▲ 1% |
Key figures of MISAL, 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 MISAL?
What happened at MISAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 471,182 (▲ 16% vs 2024). Source: NBB ↗
- New establishment in Burg-Reuland. KBO
- Start of the company according to the CBE. KBO
- Sebastian MICHAELIS became a director. NBB
- Alexander MICHAELIS became a director. NBB
In short
From € 222,456 profit in 2022 to € 471,182 profit in 2025.
Paid € 209,989 in corporate taxes since 2022.
Best year ever: 2023, with € 473,156 profit.
Paid out € 6,650 in dividends to the owners in total.
Management
Behind MISAL are Sebastian MICHAELIS and Alexander MICHAELIS. It owns 50% of SOCOTOIT and 50% of MSD CONSTRUCTION S.A. itself.
Directors
According to the 2025 annual accounts
since 2021
Alexander MICHAELIS
Administrator-manager
since 2021
Establishments
Establishment units
Physical locations of this company
Bonzeler, Oudler 6
4790 Burg-Reuland
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0764.416.715
- VAT number
- BE 0764.416.715
- Registered office
- Bonzeler, Oudler 6, 4790 Burg-Reuland
- Names & denominations
- MISAL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 February 2021
- Peppol
- Active · Active since 7 Jan 2026
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van hoofdkantoren