ONDERNEMING MICHIELS
ActiveONDERNEMING MICHIELS has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €431k and a net result of €56k. Equity is growing by ~30.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-3
Solvency83▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.5 against 1.5 in 2024; short-term debt: 6.4% and cash: 18.4% of total assets), and 41.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
58.1%
Return on assets
7.5%
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
71 d early
2023
30 d early
2022
5 d early
2021
38 d early
2020
26 d early
2019
on the day
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€431k▲ 14.8%
2024 · €376k
2018: €85k
2019: €86k
2020: €113k
2021: €182k
2022: €311k
2023: €372k
2024: €376k
2018 → 2025
Total assets
€743k▼ 10.9%
2024 · €833k
2018: €295k
2019: €250k
2020: €274k
2021: €355k
2022: €772k
2023: €824k
2024: €833k
2018 → 2025
Net result
€56k▼ 33.5%
2024 · €84k
2018: €7k
2019: €1k
2020: €27k
2021: €69k
2022: €129k
2023: €61k
2024: €84k
2018 → 2025
Working capital
€166k▲ 112%
2024 · €78k
2018: €54k
2019: €63k
2020: €84k
2021: €133k
2022: €180k
2023: €131k
2024: €78k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€182k-€311k▲ 70.6%€372k▲ 19.6%€376k▲ 1.0%€431k▲ 14.8%
Operating result€90k-€188k▲ 108%€97k▼ 48.4%€129k▲ 32.8%€88k▼ 31.8%
Net result€69k-€129k▲ 85.4%€61k▼ 52.6%€84k▲ 37.3%€56k▼ 33.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €743k
Fixed assets
€530k▼ 11.6%
Current assets
€213k▼ 9.1%
Equity and liabilities €743k
Equity
€431k▲ 14.8%
Debt
€311k▼ 32.0%
The debt ratio falls from 54.9% to 41.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€163k▼
2024 · €207k
Cash flow
€131k▼
2024 · €162k
Solvency
58.1%▲
2024 · 45.1%
Current ratio
4.50▲
2024 · 1.50
Quick ratio
3.70▲
2024 · 1.16
Debt / equity
0.72▼
2024 · 1.22
ROE
12.9%▼
2024 · 22.3%
ROA
7.5%▼
2024 · 10.0%
Interest coverage
15.14▲
2024 · 13.34
Debt
€311k▼
2024 · €458k
Debt ≤ 1 year
€47k▼
2024 · €156k
Debt > 1 year
€264k▼
2024 · €299k
Income taxes
€22k▼
2024 · €31k
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€833k€743k▼
Fixed assets21/28€599k€530k▼
Tangible fixed assets22/27€599k€530k▼
Land and buildings22€500k€456k▼
Plant, machinery and equipment23€13k€11k▼
Furniture and vehicles24€81k€58k▼
Other tangible fixed assets26€5k€5k▼
Current assets29/58€234k€213k▼
Stocks and contracts in progress3€53k€38k▼
Stocks30/36€53k€38k▼
Amounts receivable within one year40/41€49k€38k▼
Trade receivables40€30k€17k▼
Other amounts receivable41€19k€21k▲
Cash at bank and in hand54/58€125k€137k▲
Deferred charges and accrued income490/1€7k€804▼
Equity and liabilities
Total equity and liabilities10/49€833k€743k▼
Equity10/15€376k€431k▲
Contributions10/11€19k€19k=
Reserves13€352k€407k▲
Distributable reserves133€352k€407k▲
Profit (loss) carried forward14€5k€5k=
Amounts payable17/49€458k€311k▼
Amounts payable after more than one year17€299k€264k▼
Financial debts170/4€299k€264k▼
Amounts payable within one year42/48€156k€47k▼
Current portion of amounts payable after more than one year42€55k€35k▼
Trade debts44€7k€414▼
Suppliers440/4€7k€414▼
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€207€207=
Remuneration and social security454/9€5k€5k▼
Other amounts payable47/48€89k€7k▼
Accrued charges and deferred income492/3€3k-
Income statement
Code20242025
Non-recurring operating income76A€6k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€78k€75k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€210k€166k▼
Operating profit (loss)9901€129k€88k▼
Financial income75/76B€953€760▼
Recurring financial income75€86€760▲
Non-recurring financial income76B€867-
Financial charges65/66B€15k€11k▼
Recurring financial charges65€15k€11k▼
Profit (loss) for the period before taxes9903€114k€78k▼
Income taxes67/77€31k€22k▼
Profit (loss) for the period9904€84k€56k▼
Profit (loss) for the period to be appropriated9905€84k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€149k€61k▼
Profit (loss) brought forward from the previous period14P€65k€5k▼
Transfer to equity691/2€64k€56k▼
To other reserves6921€64k€56k▼
Profit to be distributed694/7€80k-
Return on contributions (dividend)694€80k-
The notes to these accounts (9 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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity triplescurrent ratio 4.50
Current ratio from 1.50 to 4.50; short-term debt falls from €156k to €47k.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €129k ▲85.4%
Operating result €188k, net result €129k, both a record.
31-12
Financial
Equity above €200kEq €311k ▲70.6%
5 profitable years in a row build equity to €311k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €182k ▲61.5%
4 profitable years in a row build equity to €182k.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €113k ▲31.5%
3 profitable years in a row build equity to €113k.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €1k ▼83.1%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Overijse · 1 establishment unit since 1993
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.
Terhulpensesteenweg 4783090 OverijseGround area
1,050 m²
Building footprint
113 m²
Volume, LiDAR
611 m³
Parcel 23543K0148/00B007, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Terhulpensesteenweg 478, 3090 Overijse
since 19932.064.916.796
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23543K0148/00B007 | Flanders | 1,050 m² | 1 · 113 m² | 7.5 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 300 EUR awarded · 300 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 300 EUR | 300 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,042 companies in sector 43221 we hold annual accounts for 3,469. 2,449 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-10-1993
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.