ST MICHEL
ActiveST MICHEL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83k and a net result of €13k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 61% of 6537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability77=
Solvency68▲+15
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.21 in 2023; short-term debt: 57.5% and cash: 59.9% of total assets), but 57.5% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42.5%
Return on assets
6.8%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €83k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
50 d early
2022
32 d early
2021
69 d early
2020
66 d early
2019
65 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13k▼ 23.7%
2023 · €17k
2018: €1k
2019: €-15k
2020: €29k
2021: €30k
2022: €-32k
2023: €17k
2018 → 2024
Working capital
€59k▲ 57.5%
2023 · €38k
2018: €41k
2019: €38k
2020: €62k
2021: €53k
2022: €26k
2023: €38k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€93k-€94k▲ 1.3%€62k▼ 34.0%€69k▲ 11.9%€83k▲ 19.1%
Operating result€35k-€38k▲ 8.9%€-30k€18k€17k▼ 5.2%
Net result€29k-€30k▲ 2.9%€-32k€17k€13k▼ 23.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 5% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €194k
Fixed assets
€23k▼ 31.1%
Current assets
€171k▼ 20.3%
Equity and liabilities €194k
Equity
€83k▲ 19.1%
Debt
€112k▼ 37.6%
The debt ratio falls from 72.1% to 57.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▼
2023 · €31k
Cash flow
€25k▼
2023 · €30k
Solvency
42.5%▲
2023 · 27.9%
Current ratio
1.53▲
2023 · 1.21
Quick ratio
1.11▲
2023 · 0.98
Debt / equity
1.35▼
2023 · 2.58
ROE
16.0%▼
2023 · 25.0%
ROA
6.8%▼
2023 · 7.0%
Interest coverage
18.34▼
2023 · 40.16
Debt
€112k▼
2023 · €179k
Debt ≤ 1 year
€112k▼
2023 · €177k
Income taxes
€2k▲
2023 · €66
Staff costs
€194k▲
2023 · €172k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€248k€194k▼
Fixed assets21/28€33k€23k▼
Tangible fixed assets22/27€33k€23k▼
Plant, machinery and equipment23€13k€12k▼
Furniture and vehicles24€21k€11k▼
Financial fixed assets28€200€200=
Current assets29/58€214k€171k▼
Stocks and contracts in progress3€41k€48k▲
Stocks30/36€41k€48k▲
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€710€479▼
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€165k€116k▼
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€248k€194k▼
Equity10/15€69k€83k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€49k€62k▲
Amounts payable17/49€179k€112k▼
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€177k€112k▼
Current portion of amounts payable after more than one year42€6k€2k▼
Trade debts44€133k€74k▼
Suppliers440/4€133k€74k▼
Taxes, remuneration and social security45€28k€35k▲
Taxes450/3€8k€12k▲
Remuneration and social security454/9€20k€23k▲
Other amounts payable47/48€10k€1k▼
Income statement
Code20232024
Remuneration, social security and pensions62€172k€194k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€206k€227k▲
Operating profit (loss)9901€18k€17k▼
Financial income75/76B€80€137▲
Recurring financial income75€80€137▲
Financial charges65/66B€767€2k▲
Recurring financial charges65€767€2k▲
Profit (loss) for the period before taxes9903€17k€16k▼
Income taxes67/77€66€2k▲
Profit (loss) for the period9904€17k€13k▼
Profit (loss) for the period to be appropriated9905€17k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€62k▲
Profit (loss) brought forward from the previous period14P€41k€49k▲
Profit to be distributed694/7€10k-
Return on contributions (dividend)694€10k-
Social balance
Average headcount (FTE)90875.85.0▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-32k ▼207%
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €30k ▲2.9%
Operating result €38k, net result €30k, both a record.
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 57 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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, Waterloo · 1 establishment unit since 1987
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.
Chaussée de Bruxelles 2441410 WaterlooGround area
491 m²
Building footprint
149 m²
Parcel 25110A0249/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée de Bruxelles 244, 1410 Waterloo
since 19872.031.500.593
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110A0249/00B000 | Wallonia | 491 m² | 1 · 149 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaterloo2.031.500.593
Similar companies · same sector, comparable size
KEURKAAS DICKERS
BE 0421.266.842
Antwerpen · Eq €82k
Beveren Broecke
BE 0473.906.366
Beveren-Kruibeke-Zwijndrecht · Eq €84k
AGLAVE-MEURIN
BE 0775.525.094
Sint-Lambrechts-Woluwe · Eq €81k
Kaas & Zo
BE 0871.552.720
Roeselare · Eq €85k
TOMMISSEN-COOPMAN
BE 0844.002.047
Diksmuide · Eq €79k
Of 395 companies in sector 47271 we hold annual accounts for 154. 122 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-04-1987
Fiscal year end31-12
Activities, NACEBEL
47271Retail trade
47291Retail trade
10510Manufacture of food products
10850Manufacture of food products
10890Manufacture of food products
47221Retail sale of meat and meat products, excluding game and poultry
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.