MENUISERIE MICHEL
ActiveMENUISERIE MICHEL has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €154k and a net result of €10k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 92% of 538 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-24
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 8.72 against 5.09 in 2024), and 11.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
88.8%
Return on assets
5.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 16
Relative position
BE, all sectors
reference
Sector 16
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
30 d late
2023
2 d early
2022
25 d late
2021
57 d late
2020
31 d late
2019
96 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€154k▲ 7.1%
2024 · €144k
2018: €69k
2019: €73k
2020: €91k
2021: €115k
2022: €119k
2023: €128k
2024: €144k
2018 → 2025
Total assets
€174k▼ 2.3%
2024 · €178k
2018: €157k
2019: €157k
2020: €124k
2021: €166k
2022: €148k
2023: €150k
2024: €178k
2018 → 2025
Net result
€10k▼ 37.4%
2024 · €16k
2018: €5k
2019: €4k
2020: €19k
2021: €24k
2022: €4k
2023: €9k
2024: €16k
2018 → 2025
Working capital
€151k▲ 8.6%
2024 · €139k
2018: €62k
2019: €73k
2020: €87k
2021: €108k
2022: €113k
2023: €121k
2024: €139k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€115k-€119k▲ 3.3%€128k▲ 7.2%€144k▲ 12.8%€154k▲ 7.1%
Operating result€33k-€6k▼ 80.5%€12k▲ 91.0%€19k▲ 59.2%€9k▼ 52.4%
Net result€24k-€4k▼ 84.5%€9k▲ 127%€16k▲ 92.3%€10k▼ 37.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 52% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €174k
Fixed assets
€4k▼ 30.9%
Current assets
€170k▼ 1.4%
Equity and liabilities €174k
Equity
€154k▲ 7.1%
Debt
€19k▼ 42.4%
The debt ratio falls from 19.0% to 11.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€11k▼
2024 · €22k
Cash flow
€12k▼
2024 · €18k
Solvency
88.8%▲
2024 · 81.0%
Current ratio
8.72▲
2024 · 5.09
Quick ratio
8.72▲
2024 · 5.09
Debt / equity
0.13▼
2024 · 0.24
ROE
6.7%▼
2024 · 11.4%
ROA
5.9%▼
2024 · 9.2%
Interest coverage
34.34▲
2024 · 20.85
Debt
€19k▼
2024 · €34k
Debt ≤ 1 year
€19k▼
2024 · €34k
Income taxes
€4k▼
2024 · €7k
Staff costs
€95k▲
2024 · €80k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€178k€174k▼
Fixed assets21/28€5k€4k▼
Tangible fixed assets22/27€5k€4k▼
Furniture and vehicles24€2k€783▼
Other tangible fixed assets26€4k€3k▼
Current assets29/58€172k€170k▼
Amounts receivable after more than one year29€50k€50k=
Other amounts receivable291€50k€50k=
Amounts receivable within one year40/41€88k€98k▲
Trade receivables40€14k€20k▲
Other amounts receivable41€75k€78k▲
Cash at bank and in hand54/58€32k€21k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€178k€174k▼
Equity10/15€144k€154k▲
Contributions10/11€6k€6k=
Reserves13€69k€69k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€67k€67k=
Profit (loss) carried forward14€69k€79k▲
Amounts payable17/49€34k€19k▼
Amounts payable within one year42/48€34k€19k▼
Trade debts44€6k-
Suppliers440/4€6k-
Taxes, remuneration and social security45€21k€19k▼
Taxes450/3€14k€16k▲
Remuneration and social security454/9€7k€3k▼
Other amounts payable47/48€7k-
Income statement
Code20242025
Remuneration, social security and pensions62€80k€95k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€104k€107k▲
Operating profit (loss)9901€19k€9k▼
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€1k€319▼
Recurring financial charges65€1k€319▼
Profit (loss) for the period before taxes9903€24k€15k▼
Income taxes67/77€7k€4k▼
Profit (loss) for the period9904€16k€10k▼
Profit (loss) for the period to be appropriated9905€16k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€85k€79k▼
Profit (loss) brought forward from the previous period14P€69k€69k=
Transfer to equity691/2€16k-
To other reserves6921€16k-
The notes to these accounts (4 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Equity above €150kEq €154k ▲7.1%
8 profitable years in a row build equity to €154k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-12
Financial
Highest result since 2018net €24k ▲29.6%
Net result €24k, the highest in the series.
31-12
Financial
Equity above €100kEq €115k ▲26.4%
4 profitable years in a row build equity to €115k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼29.8%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Visé · 1 establishment unit since 2001
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.
Allée du Barissa(CHE) 214602 ViséGround area
1,007 m²
Building footprint
79 m²
Volume, LiDAR
439 m³
Parcel 62024A1261/00L000, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Allée du Barissa(CHE) 21, 4602 Visé
since 20012.094.235.047
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62024A1261/00L000 | Wallonia | 1,007 m² | 1 · 79 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
KOVA SINT-TRUIDEN
BE 0433.595.047
Sint-Truiden · Eq €155k
DEZWARTE INTERIEUR
BE 0466.680.262
Diksmuide · Eq €155k
BREATHING
BE 0862.711.862
Sint-Truiden · Eq €155k
Gabriël Devos-Claus
BE 0405.558.483
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LAURO MENUISERIE
BE 0865.547.232
Péruwelz · Eq €152k
Of 1,593 companies in sector 16230 we hold annual accounts for 776. 626 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2000
Fiscal year end31-12
Activities, NACEBEL
16230Manufacture of other builders' carpentry and joinery
20300
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.