COLLEGE SAINT-MICHEL
ActiveSummary
COLLEGE SAINT-MICHEL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.02M and a net result of €158k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 84% of 684 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-4
Solvency100=
Growth61▲+2
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.71 against 4.57 in 2024; short-term debt: 5% and cash: 3% of total assets), and 16.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Sector 85
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.1%
Return on assets
3.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
50 d early
2023
55 d late
2022
40 d late
2021
113 d late
2020
187 d late
2019
132 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€310k▲ 9.8%
2024 · €282k
2018: €357k
2019: €245k
2020: €120k
2021: €106k
2022: €140k
2023: €211k
2024: €282k
2018 → 2025
EBIT margin
44.2%▼ 28.7pp
2024 · 73.0%
2018: 18.1%
2019: 46.3%
2020: 56.9%
2021: 137.4%
2022: 98.5%
2023: 95.5%
2024: 73.0%
2018 → 2025
Net result
€158k▼ 31.6%
2024 · €231k
2018: €75k
2019: €-69k
2020: €79k
2021: €154k
2022: €148k
2023: €215k
2024: €231k
2018 → 2025
Working capital
€416k▼ 50.9%
2024 · €847k
2018: €856k
2019: €699k
2020: €719k
2021: €768k
2022: €870k
2023: €963k
2024: €847k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€106k-€140k▲ 32.5%€211k▲ 50.6%€282k▲ 33.8%€310k▲ 9.8%
Equity€1.38M-€1.51M▲ 9.5%€1.81M▲ 20.1%€2.25M▲ 24.2%€4.02M▲ 79.0%
Operating result€145k-€138k▼ 5.0%€201k▲ 45.9%€206k▲ 2.3%€137k▼ 33.4%
Net result€154k-€148k▼ 3.8%€215k▲ 45.7%€231k▲ 7.3%€158k▼ 31.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.84M
Fixed assets
€4.18M ▲ 134%
Current assets
€659k ▼ 39.2%
Equity and liabilities €4.84M
Equity
€4.02M ▲ 79.0%
Provisions
€0 ▼ 100%
Debt
€819k ▲ 56.9%
Debt's share of the balance-sheet total falls from 18.2% to 16.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€250k▼
2024 · €321k
Cash flow
€272k▼
2024 · €346k
Current ratio
2.71▼
2024 · 4.57
Debt to equity
0.20▼
2024 · 0.23
ROE
3.9%▼
2024 · 10.3%
ROA
3.3%▼
2024 · 8.0%
Interest coverage
47.46▼
2024 · 59.69
Debt ≤ 1 year
€243k▲
2024 · €237k
Debt > 1 year
€475k▲
2024 · €234k
Staff costs
€6.46M▲
2024 · €6.37M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.87M€4.84M▲
Fixed assets21/28€1.79M€4.18M▲
Tangible fixed assets22/27€1.79M€4.18M▲
Land and buildings22€255k€233k▼
Plant, machinery and equipment23€204k€165k▼
Furniture and vehicles24€36k€26k▼
Other tangible fixed assets26€213k€182k▼
Assets under construction and advance payments27€1.08M€3.58M▲
Current assets29/58€1.08M€659k▼
Amounts receivable within one year40/41€117k€330k▲
Trade receivables40€77k€289k▲
Other amounts receivable41€39k€41k▲
Current investments50/53€300k€125k▼
Cash at bank and in hand54/58€639k€145k▼
Deferred charges and accrued income490/1€28k€59k▲
Equity and liabilities
Total equity and liabilities10/49€2.87M€4.84M▲
Equity10/15€2.25M€4.02M▲
Reserves13€916k€1.07M▲
Profit (loss) carried forward14€1.12M€1.13M▲
Investment grants15€209k€1.83M▲
Provisions and deferred taxes16€103k-
Provisions for liabilities and charges160/5€103k-
Major repairs and maintenance162€103k-
Amounts payable17/49€522k€819k▲
Amounts payable after more than one year17€234k€475k▲
Financial debts170/4€234k€475k▲
Credit institutions173€234k€475k▲
Amounts payable within one year42/48€237k€243k▲
Current portion of amounts payable after more than one year42€49k€48k▼
Trade debts44€125k€141k▲
Suppliers440/4€125k€141k▲
Taxes, remuneration and social security45€24k€22k▼
Remuneration and social security454/9€24k€22k▼
Accrued charges and deferred income492/3€51k€101k▲
Income statement
Code20242025
Operating income70/76A€7.48M€7.58M▲
Turnover70€282k€310k▲
Other operating income74€1.09M€1.08M▼
Operating charges60/66A€7.28M€7.45M▲
Goods for resale, raw materials and consumables60€175k€214k▲
Purchases600/8€175k€214k▲
Services and other goods61€617k€755k▲
Remuneration, social security and pensions62€6.37M€6.46M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€115k€113k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€3k
Other operating charges640/8€993€4k▲
Non-recurring operating charges66A€39€341▲
Operating profit (loss)9901€206k€137k▼
Financial income75/76B€33k€27k▼
Recurring financial income75€33k€27k▼
Income from financial fixed assets750€9k€3k▼
Income from current assets751€25k€23k▼
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€5k▼
Debt charges650€5k€5k▼
Non-recurring financial charges66B-€328
Profit (loss) for the period before taxes9903€234k€158k▼
Income taxes67/77€3k-
Taxes670/3€3k-
Profit (loss) for the period9904€231k€158k▼
Profit (loss) for the period to be appropriated9905€231k€158k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.27M€1.28M▲
Profit (loss) brought forward from the previous period14P€1.04M€1.12M▲
To contributions691€150k€150k=
Social balance
Average headcount (FTE)90876.26.7▲
The notes to these accounts (54 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €231k ▲7.3%
Operating result €206k, net result €231k, both a record.
31-12
Financial
Equity above €2MEq €2.25M ▲24.2%
5 profitable years in a row build equity to €2.25M.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 55 days late
2023
09-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 40 days late
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 113 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 187 days late
2020
31-12
Financial
Back to profitnet €79k
Net result €79k after one loss-making year.
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 132 days late
2019
31-12
Financial
Weakest financial yearnet €-69k ▼193%
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
21-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 174 days late
2018
12-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 469 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Faubourg de Charleroi 156041 CharleroiGround area
169 m²
Building footprint
42 m²
Volume, LiDAR
411 m³
Parcel 52028C0010/00P008, Wallonia · tallest building 12.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
COLLEGE SAINT-MICHEL
since 20072.167.066.607
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028C0010/00P008indicative | Wallonia | 169 m² | 1 · 42 m² | 12.5 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 to 2025 · 68 entries · 4,230,414 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 16 | 1,215,563 EUR |
| 2024 | 16 | 1,069,049 EUR |
| 2023 | 19 | 1,027,699 EUR |
| 2022 | 16 | 892,627 EUR |
| 2021 | 1 | 25,475 EUR |
Budget allocations
Subventions forfaitaires - Enseignement de plein exercice
Programme prioritaire de travaux PPT
Financement d’urgence visant à soutenir les secteurs dépendant de la Fédération Wallonie-Bruxelles suite à la crise du coût de l'énergie
Dépenses de toute nature relative à l'acquisition des manuels scolaires, de logiciels scolaires, d'outils pédagogiques et de livrespour la jeunesse
Provision pour la stratégie numérique dans l'enseignement
Show 3 more
Stratégie numérique pour l'enseignement
Subventions forfaitaires dans le fondamental
Subventions forfaitaires
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.167.066.607
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Of 611 companies in sector 85314 we hold annual accounts for 421. 384 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded14-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
85314Education
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:csmg@csmg.be