ACTIVE

MISANET

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Financial year 2024 · closed on 31/12/2024

Net result

-21 k €

-290.7% YoY

Gross margin

981,5 k €

-36.8% YoY

Equity

774,6 k €

-2.6% YoY

Workforce

45,4 ETP

-21.3% YoY

What does MISANET do?

MISANET is a Public limited company incorporated in 1994. Its registered office is in Evere. It employs on average 45,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.227.064

Incorporation

01/03/1994

Legal form

Public limited company

Registered office

Avenue Jules Bordet 11 box 1
1140 Evere · BruxellesSee on map

Contributed capital

132 000,00 €

Latest accounts

31/12/2024

Average workforce

45,4 ETP

Joint committees (1)

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	981,5 k €	-36.8%	1,6 M €	-13.2%	1,8 M €	+18.9%	1,5 M €	-30.5%	2,2 M €	-45.9%	4 M €	-7.1%	4,3 M €	-28.1%	6 M €	-13.1%	6,9 M €	+16.3%	5,9 M €	+11.6%	5,3 M €	+8.0%	4,9 M €	+24.6%	3,9 M €	+19.2%	3,3 M €	-12.2%	3,8 M €	+7.2%	3,5 M €	+51.4%	2,3 M €	+13.9%	2 M €
EBITDA	120,5 k €	+172%	44,2 k €	-67.7%	137,2 k €	+141%	57 k €	+225%	17,6 k €	-55.3%	39,3 k €	-78.2%	180,8 k €	+255%	50,9 k €	-67.1%	154,5 k €	-19.5%	191,8 k €	-39.7%	318,3 k €	+12.2%	283,6 k €	+0.8%	281,3 k €	+140%	117,1 k €	-36.3%	183,9 k €	-17.4%	222,7 k €	+224%	68,8 k €	+52.4%	45,1 k €
Operating result	22,9 k €	-29.8%	32,6 k €	-71.3%	113,6 k €	+313%	27,5 k €	+188%	-31,1 k €	-3.2%	-30,1 k €	-127%	112,7 k €	+707%	-18,6 k €	-124%	76,8 k €	-40.0%	128 k €	-40.4%	214,8 k €	-10.7%	240,7 k €	-2.4%	246,5 k €	+214%	78,4 k €	-45.5%	143,8 k €	-21.1%	182,2 k €	+526%	29,1 k €	+101%	14,5 k €
Net result	-21 k €	-291%	11 k €	-69.8%	36,5 k €	-7.0%	39,2 k €	+151%	-76,8 k €	-89.8%	-40,5 k €	-152%	78,2 k €	+5831%	1,3 k €	-93.6%	20,5 k €	-77.4%	90,7 k €	+272%	24,4 k €	-50.0%	48,8 k €	-60.9%	124,8 k €	+671%	16,2 k €	-84.0%	101,2 k €	-10.7%	113,4 k €	+477%	19,6 k €	+146%	-42,7 k €
Balance sheet
Equity	774,6 k €	-2.6%	795,6 k €	+1.4%	784,6 k €	+4.9%	748,1 k €	+5.5%	708,9 k €	-9.8%	785,7 k €	-4.9%	826,2 k €	+10.5%	747,9 k €	+0.2%	746,6 k €	+2.8%	726,1 k €	+14.3%	635,4 k €	+4.0%	611 k €	+8.7%	562,2 k €	+28.5%	437,4 k €	+24.5%	351,2 k €	+40.5%	249,9 k €	+83.0%	136,6 k €	+16.8%	116,9 k €
Total assets	2,3 M €	-3.0%	2,4 M €	-28.4%	3,3 M €	+15.6%	2,9 M €	+1.0%	2,8 M €	-18.9%	3,5 M €	+16.0%	3 M €	-5.2%	3,2 M €	-3.4%	3,3 M €	+3.6%	3,2 M €	+27.0%	2,5 M €	-0.3%	2,5 M €	+27.2%	2 M €	+16.2%	1,7 M €	+6.3%	1,6 M €	+19.9%	1,3 M €	+30.5%	1 M €	-17.2%	1,2 M €
Cash	17 k €	+43.8%	11,8 k €	-87.6%	95 k €	-38.0%	153,2 k €	-29.5%	217,4 k €	+87.3%	116,1 k €	-14.9%	136,4 k €	-24.4%	180,4 k €	+20.2%	150,1 k €	+233%	45,1 k €	-85.6%	312,6 k €	+10.5%	282,9 k €	-40.6%	476 k €	+298%	119,7 k €	-50.6%	242,6 k €	+25.0%	194,1 k €	+33.2%	145,7 k €	-58.0%	347,1 k €
Debts	1,5 M €	-3.2%	1,6 M €	-37.7%	2,5 M €	+19.4%	2,1 M €	-0.5%	2,1 M €	-21.6%	2,7 M €	+23.8%	2,2 M €	-10.0%	2,4 M €	-4.4%	2,6 M €	+3.8%	2,5 M €	+31.3%	1,9 M €	-1.6%	1,9 M €	+34.8%	1,4 M €	+11.8%	1,3 M €	+3.9%	1,2 M €	+12.0%	1,1 M €	+22.4%	886,6 k €	-20.7%	1,1 M €
Other
Workforce	45,4 ETP	-21.3%	57,7 ETP	-13.2%	66,5 ETP	+565%	10,0 ETP	+11.1%	9,0 ETP		–		–		–		–		157,2 ETP	+7.9%	145,7 ETP	+17.7%	123,8 ETP	+7.7%	114,9 ETP	+12.4%	102,2 ETP	-17.2%	123,5 ETP	+3.9%	118,9 ETP	+35.4%	87,8 ETP	+11.3%	78,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 2 ended

Active mandates

Abdessalem MESSAOUDI

Director · since 11 mars 2022 · until 11 mars 2028

Active

Abdessalem MESSAOUDI

Managing director · since 11 mars 2022 · until 11 mars 2028

Active

Sonia MESSAOUDI

Director · since 11 mars 2022 · until 11 mars 2028

Active

Ended mandates

Abdessalem Messaoudi

Mandate

Ended

Sonia Messaoudi

Mandate

Ended

At this address

Other companies at this address

Company	CBE no.
BELGIAN UNION OF CERTIFICATION AND ATTESTATION BODIES FOR CONSTRUCTION PRODUCTS● Active	0465.508.344
MMM SERVICES● Active	0439.210.753
PROCERTUS● Active	1000.472.054
WORLD NATURAL CARE● Bankrupt	0884.087.593

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/09/2025	09/10/2024	13/12/2023	19/12/2022	27/10/2021	25/01/2021
General meeting	30/06/2025	04/10/2024	30/11/2023	19/12/2022	25/10/2021	20/10/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	30/06/2025	10/09/2025	French	PDF
Abridged model	31/12/2023	04/10/2024	09/10/2024	French	PDF
Abridged model	31/12/2022	30/11/2023	13/12/2023	French	PDF
Abridged model	31/12/2021	19/12/2022	19/12/2022	French	PDF
Abridged model	31/12/2020	25/10/2021	27/10/2021	French	PDF
Abridged model	31/12/2019	20/10/2020	25/01/2021	French	PDF
Abridged model	31/12/2018	19/09/2019	08/10/2019	French	PDF
Abridged model	31/12/2017	24/09/2018	04/10/2018	French	PDF
Abridged model	31/12/2016	27/09/2017	09/10/2017	French	PDF
Abridged model	31/12/2015	27/08/2016	26/09/2016	French	PDF
Abridged model	31/12/2014	24/06/2015	19/08/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	02/07/2014	French	PDF
Abridged model	31/12/2012	15/07/2013	18/10/2013	French	PDF
Abridged model	31/12/2011	18/09/2012	20/09/2012	French	PDF
Abridged model	31/12/2010	04/11/2011	29/11/2011	French	PDF
Abridged model	31/12/2009	16/09/2010	17/09/2010	French	PDF
Abridged model	31/12/2008	13/07/2009	14/07/2009	French	PDF
Abridged model	31/12/2007	08/09/2008	14/07/2009	French	PDF
Abridged modelCorrection	31/12/2006	21/09/2007	29/11/2007	French	PDF
Abridged model	31/12/2006	23/07/2007	31/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 2 ended

Active mandates

Abdessalem MESSAOUDI

Director · since 11 mars 2022 · until 11 mars 2028

Active

Abdessalem MESSAOUDI

Managing director · since 11 mars 2022 · until 11 mars 2028

Active

Sonia MESSAOUDI

Director · since 11 mars 2022 · until 11 mars 2028

Active

Ended mandates

Abdessalem Messaoudi

Mandate

Ended

Sonia Messaoudi

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates29/09/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2022
DEMISSIONS, NOMINATIONS
PDF
Registered office02/01/2019
SIEGE SOCIAL
PDF
Mandates10/04/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates02/02/2016
DEMISSIONS, NOMINATIONS
PDF
Other25/07/2012
OBJET - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares09/08/2011
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024-21 k €↓
2023
Annual accounts 202311 k €↓
2022
Annual accounts 202236,5 k €↓
2021
Annual accounts 202139,2 k €↑
2020
Annual accounts 2020-76,8 k €↓
2019
Annual accounts 2019-40,5 k €↓
2018
Annual accounts 201878,2 k €↑
2017
Annual accounts 20171,3 k €↓
2016
Annual accounts 201620,5 k €↓
2015
Annual accounts 201590,7 k €↑
2014
Annual accounts 201424,4 k €↓
2013
Annual accounts 201348,8 k €↓
2012
Annual accounts 2012124,8 k €↑
2011
Annual accounts 201116,2 k €↓
2010
Annual accounts 2010101,2 k €↓
2009
Annual accounts 2009113,4 k €↑
2008
Annual accounts 200819,6 k €↑
2007
Annual accounts 2007-42,7 k €
01/03/1994
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

MISANET

Overview

What does MISANET do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline