ACTIVE

MISU

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Financial year 2024 · closed on 31/12/2024

Net result

82,1 k €

-19.7% YoY

Gross margin

191,1 k €

-9.5% YoY

Equity

214,1 k €

+62.2% YoY

What does MISU do?

MISU is a Private limited company incorporated in 2004. Its registered office is in Bernissart.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.520.913

Incorporation

05/04/2004

Legal form

Private limited company

Registered office

Chemin du Happart(V.P) 2
7322 Bernissart · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2024

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	191,1 k €	-9.5%	211,2 k €	+63.0%	129,6 k €	-10.6%	144,9 k €	+8.0%	134,1 k €	+50.7%	89 k €	+1.0%	88,1 k €	+26.1%	69,9 k €	+422%	13,4 k €	-79.5%	65,4 k €	-15.1%	77 k €	+51.4%	50,9 k €	-6.6%	54,5 k €	+2119%	-2,7 k €	-111%	24,6 k €	-10.0%	27,4 k €	-30.5%	39,4 k €
EBITDA	186,6 k €	-9.9%	207,1 k €	+68.1%	123,2 k €	-12.6%	140,9 k €	+8.0%	130,5 k €	+54.9%	84,2 k €	-1.7%	85,7 k €	+27.0%	67,5 k €	+419%	-21,1 k €	-288%	11,2 k €	-60.4%	28,4 k €	+399%	5,7 k €	-73.5%	21,5 k €	+185%	-25,2 k €	-644%	4,6 k €	-80.0%	23,2 k €	-38.5%	37,8 k €
Operating result	125,6 k €	-14.9%	147,7 k €	+187%	51,4 k €	-31.8%	75,4 k €	+1.4%	74,3 k €	+77.1%	42 k €	-8.8%	46 k €	+53.2%	30,1 k €	+175%	-40,3 k €	-2818%	1,5 k €	-89.0%	13,5 k €	+392%	-4,6 k €	-141%	11,2 k €	+134%	-33,1 k €	-3285%	-977 €	-111%	8,6 k €	-53.0%	18,4 k €
Net result	82,1 k €	-19.7%	102,3 k €	+227%	31,2 k €	-38.5%	50,8 k €	-5.0%	53,4 k €	+215%	-46,3 k €	-2054%	2,4 k €	+108%	-30,5 k €	+25.5%	-40,9 k €	-8268%	-489 €	-104%	12,7 k €	+340%	-5,3 k €	-154%	9,7 k €	+128%	-34,4 k €	-1994%	-1,6 k €	-124%	6,7 k €	+7.0%	6,3 k €
Balance sheet
Equity	214,1 k €	+62.2%	132 k €	+76.7%	74,7 k €	+19.6%	62,4 k €	+401%	12,5 k €	+130%	-41 k €	-871%	5,3 k €	+80.5%	2,9 k €	-91.2%	33,4 k €	-55.0%	74,3 k €	-0.7%	74,8 k €	+20.4%	62,2 k €	-7.8%	67,4 k €	+16.8%	57,7 k €	-37.4%	92,1 k €	-1.8%	93,8 k €	+7.7%	87 k €
Total assets	610,8 k €	-1.7%	621,1 k €	+0.4%	618,5 k €	-7.7%	669,9 k €	+2.0%	656,5 k €	+23.8%	530,3 k €	-1.8%	540,2 k €	+0.8%	535,9 k €	+63.0%	328,8 k €	+180%	117,5 k €	+20.8%	97,2 k €	+11.5%	87,1 k €	-7.0%	93,7 k €	+5.9%	88,5 k €	-13.3%	102,1 k €	-7.3%	110,1 k €	-5.5%	116,5 k €
Cash	117,8 k €	+144%	48,3 k €	+71.9%	28,1 k €	-19.5%	34,9 k €	+35.2%	25,8 k €	-24.7%	34,3 k €	-1.7%	34,9 k €	+56.3%	22,3 k €	-70.1%	74,7 k €	+366%	16 k €	-58.8%	38,8 k €	+114%	18,2 k €	-8.0%	19,7 k €	-39.4%	32,6 k €	-32.9%	48,5 k €	+7.4%	45,2 k €	+292%	11,5 k €
Debts	396,8 k €	-18.9%	489,1 k €	-9.2%	538,7 k €	-11.3%	607,4 k €	-5.7%	644 k €	+12.7%	571,2 k €	+6.8%	534,9 k €	+0.4%	532,9 k €	+80.4%	295,4 k €	+585%	43,1 k €	+92.7%	22,4 k €	-10.5%	25 k €	-5.0%	26,3 k €	-14.6%	30,8 k €	+210%	9,9 k €	-39.3%	16,4 k €	-44.5%	29,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		1,0 ETP	+100%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	0.0%	0,5 ETP	+400%	0,1 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 6 ended

Active mandates

Gilles WATTEEUW

Director

Active

Ended mandates

Gilles Watteeuw

administrateur · since 12 mars 2004

Ended

Gilles WATTEEUW

Director · since 12 mars 2004

Ended

GILLES WAATTEEUW

Manager

Ended

Gilles Watteeuw

Manager · until 17 mars 2014

Ended

At this address

Other companies at this address

Company	CBE no.
Two sons● Active	0774.294.382

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	28/08/2025	28/08/2024	28/09/2023	31/08/2022	27/10/2021	10/09/2021
General meeting	30/06/2025	28/06/2024	28/09/2023	04/06/2022	05/06/2021	06/06/2020
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
Micro model	31/12/2024	30/06/2025	28/08/2025	French	PDF
Micro model	31/12/2023	28/06/2024	28/08/2024	French	PDF
Micro model	31/12/2022	28/09/2023	28/09/2023	French	PDF
Micro model	31/12/2021	04/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	05/06/2021	27/10/2021	French	PDF
Micro modelCorrection	31/12/2019	06/06/2020	10/09/2021	French	PDF
Micro model	31/12/2019	06/06/2020	22/12/2020	French	PDF
Micro model	31/12/2018	01/06/2019	27/08/2019	French	PDF
Micro model	31/12/2017	02/06/2018	14/03/2019	French	PDF
Micro model	31/12/2016	03/06/2017	29/09/2017	French	PDF
Abridged model	31/12/2015	04/06/2016	28/06/2016	French	PDF
Abridged model	31/12/2014	06/06/2015	30/07/2015	French	PDF
Abridged model	31/12/2013	07/06/2014	25/06/2014	French	PDF
Abridged model	31/12/2012	01/06/2013	15/10/2013	French	PDF
Abridged model	31/12/2011	02/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	04/06/2011	24/08/2011	French	PDF
Abridged model	31/12/2009	05/06/2010	19/01/2011	French	PDF
Abridged model	31/12/2008	06/06/2009	25/08/2009	French	PDF
Abridged model	31/12/2007	07/06/2008	06/08/2008	French	PDF
Abridged model	31/12/2006	02/06/2007	29/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

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 · 1 active · 6 ended

Active mandates

Gilles WATTEEUW

Director

Active

Ended mandates

Gilles Watteeuw

administrateur · since 12 mars 2004

Ended

Gilles WATTEEUW

Director · since 12 mars 2004

Ended

GILLES WAATTEEUW

Manager

Ended

Gilles Watteeuw

Manager · until 17 mars 2014

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/06/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Registered office09/10/2017
SIEGE SOCIAL
PDF
Registered office30/09/2008
SIEGE SOCIAL
PDF
Other16/04/2004
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202482,1 k €↓
2023
Annual accounts 2023102,3 k €↑
2022
Annual accounts 202231,2 k €↓
2021
Annual accounts 202150,8 k €↓
2020
Annual accounts 202053,4 k €↑
2019
Annual accounts 2019-46,3 k €↓
2018
Annual accounts 20182,4 k €↑
2017
Annual accounts 2017-30,5 k €↑
2016
Annual accounts 2016-40,9 k €↓
2015
Annual accounts 2015-489 €↓
2014
Annual accounts 201412,7 k €↑
2013
Annual accounts 2013-5,3 k €↓
2012
Annual accounts 20129,7 k €↑
2011
Annual accounts 2011-34,4 k €↓
2010
Annual accounts 2010-1,6 k €↓
2009
Annual accounts 20096,7 k €↑
2008
Annual accounts 20086,3 k €
05/04/2004
IncorporationPrivate 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

MISU

Overview

What does MISU do?

Trend over 17 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