MICHCOM
ActiveSummary
MICHCOM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133k and a net result of €36k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 46% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-12
Solvency81▼-19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 10.8 in 2024; short-term debt: 44.1% and cash: 76.8% of total assets), and 44.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
55.9%
Return on assets
15%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-12-2025, 133 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
133 d early
2024
47 d early
2023
63 d early
2022
60 d early
2021
44 d early
2020
67 d early
2019
66 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€133k▼ 32.6%
2024 · €197k
2018: €53klowest in 8 years
2019: €60k▲ +13.2% vs 2018
2020: €73k▲ +22.6% vs 2019
2021: €101k▲ +37.3% vs 2020
2022: €122k▲ +20.9% vs 2021
2023: €152k▲ +24.7% vs 2022
2024: €197k▲ +29.7% vs 2023highest in 8 years
2025: €133k▼ -32.6% vs 2024
2018 → 2025
Total assets
€237k▲ 9.8%
2024 · €216k
2018: €69k
2019: €68k▼ -2.0% vs 2018lowest in 8 years
2020: €76k▲ +12.8% vs 2019
2021: €137k▲ +79.7% vs 2020
2022: €153k▲ +11.5% vs 2021
2023: €169k▲ +10.4% vs 2022
2024: €216k▲ +28.0% vs 2023
2025: €237k▲ +9.8% vs 2024highest in 8 years
2018 → 2025
Net result
€36k▼ 36.4%
2024 · €56k
2018: €9klowest in 8 years
2019: €11k▲ +22.7% vs 2018
2020: €14k▲ +18.0% vs 2019
2021: €37k▲ +176% vs 2020
2022: €49k▲ +31.3% vs 2021
2023: €39k▼ -20.2% vs 2022
2024: €56k▲ +43.5% vs 2023highest in 8 years
2025: €36k▼ -36.4% vs 2024
2018 → 2025
Working capital
€118k▼ 38.6%
2024 · €192k
2018: €48klowest in 8 years
2019: €56k▲ +18.3% vs 2018
2020: €69k▲ +22.9% vs 2019
2021: €98k▲ +41.6% vs 2020
2022: €115k▲ +17.6% vs 2021
2023: €147k▲ +27.3% vs 2022
2024: €192k▲ +30.5% vs 2023highest in 8 years
2025: €118k▼ -38.6% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€122k▲ 20.9%€152k▲ 24.7%€197k▲ 29.7%€133k▼ 32.6%
2021: €101klowest in 5 years
2022: €122k▲ +20.9% vs 2021
2023: €152k▲ +24.7% vs 2022
2024: €197k▲ +29.7% vs 2023highest in 5 years
2025: €133k▼ -32.6% vs 2024
Operating result€54k-€67k▲ 23.1%€56k▼ 16.5%€79k▲ 40.8%€51k▼ 35.5%
2021: €54k
2022: €67k▲ +23.1% vs 2021
2023: €56k▼ -16.5% vs 2022
2024: €79k▲ +40.8% vs 2023highest in 5 years
2025: €51k▼ -35.5% vs 2024lowest in 5 years
Net result€37k-€49k▲ 31.3%€39k▼ 20.2%€56k▲ 43.5%€36k▼ 36.4%
2021: €37k
2022: €49k▲ +31.3% vs 2021
2023: €39k▼ -20.2% vs 2022
2024: €56k▲ +43.5% vs 2023highest in 5 years
2025: €36k▼ -36.4% vs 2024lowest in 5 years
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 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €237k
Fixed assets
€15k ▲ 205%
Current assets
€223k ▲ 5.3%
Equity and liabilities €237k
Equity
€133k ▼ 32.6%
Debt
€105k ▲ 435%
Debt's share of the balance-sheet total rises from 9.1% to 44.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€52k▼
2024 · €80k
Cash flow
€37k▼
2024 · €57k
Current ratio
2.12▼
2024 · 10.80
Debt to equity
0.79▲
2024 · 0.10
ROE
26.9%▼
2024 · 28.5%
ROA
15.0%▼
2024 · 25.9%
Interest coverage
55.57▼
2024 · 61.10
Debt ≤ 1 year
€105k▲
2024 · €20k
Income taxes
€15k▼
2024 · €22k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€216k€237k▲
Fixed assets21/28€5k€15k▲
Tangible fixed assets22/27€5k€15k▲
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€3k€8k▲
Other tangible fixed assets26-€3k
Current assets29/58€211k€223k▲
Amounts receivable within one year40/41€23k€39k▲
Trade receivables40€20k€24k▲
Other amounts receivable41€3k€15k▲
Cash at bank and in hand54/58€188k€182k▼
Deferred charges and accrued income490/1€629€1k▲
Equity and liabilities
Total equity and liabilities10/49€216k€237k▲
Equity10/15€197k€133k▼
Contributions10/11€1€1=
Reserves13€197k€133k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€195k€131k▼
Amounts payable17/49€20k€105k▲
Amounts payable within one year42/48€20k€105k▲
Trade debts44€1k€4k▲
Suppliers440/4€1k€4k▲
Taxes, remuneration and social security45€8k€8k▼
Taxes450/3€8k€8k▼
Other amounts payable47/48€10k€93k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€908€644▼
Gross operating margin9900€81k€53k▼
Operating profit (loss)9901€79k€51k▼
Financial income75/76B€185€243▲
Recurring financial income75€185€243▲
Financial charges65/66B€1k€944▼
Recurring financial charges65€1k€944▼
Profit (loss) for the period before taxes9903€78k€50k▼
Income taxes67/77€22k€15k▼
Profit (loss) for the period9904€56k€36k▼
Profit (loss) for the period to be appropriated9905€56k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€36k▼
Transfer from equity791/2€11k€100k▲
Transfer to equity691/2€56k€36k▼
To other reserves6921€56k€36k▼
Profit to be distributed694/7€11k€100k▲
Return on contributions (dividend)694€11k€100k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €2k | €1k | €1k | €2k | ▲ 21.5% |
| Other operating charges640/8 | - | €621 | €866 | €908 | €644 | ▼ 29.1% |
| Gross operating margin9900 | €60k | €70k | €58k | €81k | €53k | ▼ 34.5% |
| Operating profit (loss)9901 | €54k | €67k | €56k | €79k | €51k | ▼ 35.5% |
| Financial income75/76B | - | €119 | €180 | €185 | €243 | ▲ 31.7% |
| Recurring financial income75 | €124 | €119 | €180 | €185 | €243 | ▲ 31.7% |
| Financial charges65/66B | - | €464 | €2k | €1k | €944 | ▼ 28.1% |
| Recurring financial charges65 | €1k | €464 | €2k | €1k | €944 | ▼ 28.1% |
| Profit (loss) for the period before taxes9903 | €53k | €67k | €54k | €78k | €50k | ▼ 35.4% |
| Income taxes67/77 | €16k | €18k | €15k | €22k | €15k | ▼ 32.9% |
| Profit (loss) for the period9904 | €37k | €49k | €39k | €56k | €36k | ▼ 36.4% |
| Profit (loss) for the period to be appropriated9905 | €37k | €49k | €39k | €56k | €36k | ▼ 36.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €137k | €153k | €169k | €216k | €237k | ▲ 9.8% |
| Fixed assets21/28 | €2k | €6k | €5k | €5k | €15k | ▲ 205% |
| Tangible fixed assets22/27 | €2k | €6k | €5k | €5k | €15k | ▲ 205% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €3k | ▲ 56.4% |
| Furniture and vehicles24 | - | €3k | €2k | €3k | €8k | ▲ 202% |
| Other tangible fixed assets26 | - | - | - | - | €3k | - |
| Current assets29/58 | €135k | €147k | €164k | €211k | €223k | ▲ 5.3% |
| Amounts receivable within one year40/41 | €19k | €13k | €17k | €23k | €39k | ▲ 71.5% |
| Trade receivables40 | - | €10k | €9k | €20k | €24k | ▲ 22.3% |
| Other amounts receivable41 | - | €2k | €7k | €3k | €15k | ▲ 367% |
| Cash at bank and in hand54/58 | €115k | €134k | €147k | €188k | €182k | ▼ 3.0% |
| Deferred charges and accrued income490/1 | - | €613 | €638 | €629 | €1k | ▲ 73.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €137k | €153k | €169k | €216k | €237k | ▲ 9.8% |
| Equity10/15 | €101k | €122k | €152k | €197k | €133k | ▼ 32.6% |
| Contributions10/11 | - | €1 | €1 | €1 | €1 | = |
| Reserves13 | €80k | €122k | €152k | €197k | €133k | ▼ 32.6% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €120k | €150k | €195k | €131k | ▼ 32.9% |
| Profit (loss) carried forward14 | €8k | - | - | - | - | - |
| Amounts payable17/49 | €37k | €31k | €17k | €20k | €105k | ▲ 435% |
| Amounts payable within one year42/48 | €37k | €31k | €17k | €20k | €105k | ▲ 435% |
| Trade debts44 | €12k | €4k | €929 | €1k | €4k | ▲ 200% |
| Suppliers440/4 | - | €4k | €929 | €1k | €4k | ▲ 200% |
| Taxes, remuneration and social security45 | - | €21k | €8k | €8k | €8k | ▼ 1.4% |
| Taxes450/3 | - | €21k | €8k | €8k | €8k | ▼ 1.4% |
| Other amounts payable47/48 | - | €7k | €9k | €10k | €93k | ▲ 794% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €49k | €39k | €56k | €36k | ▼ 36.4% |
| + Depreciation and write-downs630 | €3k | €2k | €1k | €1k | €2k | ▲ 21.5% |
| Operating cash flow (approximation) | €40k | €51k | €40k | €57k | €37k | ▼ 35.1% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €-2k | €-12k | ▼ 666% |
| Change in cash | - | €19k | €13k | €41k | €-6k | ▼ 113% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
14-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €56k ▲43.5%
Operating result €79k, net result €56k, both a record.
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 9.49
Current ratio from 4.68 to 9.49; short-term debt falls from €31k to €17k.
30-09
Financial
Equity above €150kEq €152k ▲24.7%
6 profitable years in a row build equity to €152k.
01-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €100kEq €101k ▲37.3%
4 profitable years in a row build equity to €101k.
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity triplescurrent ratio 23.12
Current ratio from 8.09 to 23.12; short-term debt falls from €8k to €3k.
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
30-09
Financial
Liquidity doublescurrent ratio 8.09
Current ratio from 3.93 to 8.09; short-term debt falls from €16k to €8k.
06-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Geraardsbergen · 1 establishment unit since 2008
Ground area
541 m²
Building footprint
133 m²
Parcel 41046A0680/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Michcom
since 20082.173.241.349
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41046A0680/00A000 | Flanders | 541 m² | 1 · 133 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 1,395 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-09-2008
Fiscal year end30-09
Activities, NACEBEL 2025
62900Other information technology and computer services
47400Retail sale of information and communication equipment
Contact
E-mail
michael.hadim@gmail.com
Phone
32477536103
Phone
0477536103Geraardsbergen
Scores and ratios are computed by Checked and are not a credit decision.