Checked.be
Active
BE 0835.433.383Private limited company
Bati-Michiels
Chaussée de Louvain 282 ·1300 Wavre, Belgium· 15 yrs active
Sector: General construction of residential buildings
(41001)
Conclusion
Bati-Michiels has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-6k. Equity is shrinking by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 2079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €38k |
| Net result | €-6k |
| Better than sector | 66% |
| Active | 15 yrs |
Financial profile
60
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
73
Profitability
0
Solvency
90
Growth
38
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
73
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€3k
estimate, not credit advice
Score history
45
2022
42
2023
52
2024
73
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.68 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.62 (≥ 1.0)
+5
Leverage
Debt/equity 0.85 (< 1.0)
+10
Profitability
Negatieve ROE -15%
-10
Interest coverage
Interest coverage 2.3×
+3
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~20.8%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.9% | 37.5% | |
| Net result | €-6k | €21k | |
| Equity | €38k | €220k | |
| Gross operating margin | €5k | €151k | |
| Total assets | €71k | €745k |
€189k
-12.9%
22-25
€4k
-
22-25
€-6k
+63.7%
22-25
€-130
+99.1%
22-25
€71k
-10.6%
22-25
€38k
-13.3%
22-25
€22k
-0.6%
22-25
€2k
+238.8%
22-25
€33k
-7.2%
22-25
€33k
-7.2%
22-25
1.68
+2.8%
22-25
1.62
+2.6%
22-25
53.9%
-3.0%
22-25
0.85
+7.0%
22-25
-15.3%
+58.1%
22-25
-8.3%
+59.4%
22-25
-5.3%
-84.8%
22-25
-1.6%
-392.0%
22-25
2.31
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | micro schema | micro schema | micro schema |
| Revenue | - | - | €189k | €217k |
| EBITDA | €4k | €-14k | €-3k | €-690 |
| Net profit | €-6k | €-16k | €-10k | €-6k |
| Cash flow | €-130 | €-14k | €-8k | €-4k |
| Staff costs | - | - | - | - |
| Income taxes | €2k | €683 | €4k | €5k |
| Dividends | - | - | - | - |
| Total assets | €71k | €80k | €103k | €108k |
| Equity | €38k | €44k | €61k | €71k |
| Debt | €33k | €35k | €42k | €37k |
| of which ≤ 1y | €33k | €35k | €27k | €37k |
| of which > 1y | - | - | - | - |
| Working capital | €22k | €23k | €71k | €65k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.68 | 1.64 | 3.65 | 2.73 |
| Quick ratio | 1.62 | 1.58 | 3.59 | 2.58 |
| Working capital ratio | 31.4% | 28.3% | 69.7% | 59.9% |
| Solvency | 53.9% | 55.6% | 59.1% | 65.4% |
| Debt / equity | 0.85 | 0.80 | 0.69 | 0.53 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | 2.31 | -9.86 | -1.46 | -0.51 |
| Gross margin | - | - | -1.2% | -0.1% |
| Net margin | - | - | -5.3% | -2.9% |
| ROA | -8.3% | -20.3% | -9.8% | -5.8% |
| ROE | -15.3% | -36.6% | -16.6% | -8.9% |
| EBITDA margin | - | - | -1.6% | -0.3% |
| Days sales outstanding | - | - | 109d | 76d |
| Days payable outstanding | 62d | 34d | 18d | 29d |
| Inventory turnover | 79.45 | 159.13 | 127.75 | 38.19 |
| Days inventory (DSI) | 5d | 2d | 3d | 10d |
Balance-sheet composition 2025
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €71k | €80k | €103k | €108k |
| Fixed assets | 21/28 | €16k | €22k | €4k | €6k |
| Tangible fixed assets | 22/27 | €16k | €22k | €4k | €6k |
| Current assets | 29/58 | €55k | €58k | €98k | €102k |
| Stocks & contracts in progress | 3 | €2k | €2k | €2k | €6k |
| Amounts receivable within one year | 40/41 | €53k | €56k | €97k | €96k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €71k | €80k | €103k | €108k |
| Equity | 10/15 | €38k | €44k | €61k | €71k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Accumulated profits (losses) | 14 | €20k | €26k | €42k | €52k |
| Amounts payable | 17/49 | €33k | €35k | €42k | €37k |
| Amounts payable within one year | 42/48 | €33k | €35k | €27k | €37k |
| Trade debts payable within one year | 44 | €27k | €30k | €10k | €18k |
| Income statement | |||||
| Turnover | 70 | - | - | €189k | €217k |
| Gross operating margin | 9900 | €5k | €26k | €-2k | €-278 |
| Operating result | 9901 | €-2k | €-16k | €-5k | €-2k |
| Financial income | 75 | €171 | €2k | €209 | €3k |
| Financial charges | 65 | €2k | €1k | €2k | €1k |
| Result before taxes | 9903 | €-4k | €-16k | €-7k | €-971 |
| Income taxes | 67/77 | €2k | €683 | €4k | €5k |
| Net result for the period | 9904 | €-6k | €-16k | €-10k | €-6k |
| Result to be appropriated | 9905 | €-6k | €-16k | €-10k | €-6k |
Legal Structure
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 12-04-2011 |
| Status | Active |
| Postal code | 1300 |
Establishment units
Rue André Dumont 12, 1435 Mont-Saint-Guibert
since 20112.236.967.181
Real-estate footprint
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772G0241/00P005 | Wallonia | 137 m² | 1 · 41 m² | 8.8 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 339 days late
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 705 days late
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 65 days late
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 56 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General construction of residential buildings41001Other construction installation43240Specialised construction activities43299Plastering work43310Other building finishing work43350
Names & trade names
| Legal nameFR | Bati-Michiels |
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