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Centre scolaire Saint-Michel

Active
Non-profit associationfounded 197155 years activeSint-Michielslaan 26, 1040 Etterbeek, BelgiumKBO/BCE: BE 0408.159.172
Summary

Centre scolaire Saint-Michel has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of €0. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 59% of 828 sector peers (NACE 85, fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Overview

Activity
Education
NACE 85314
#4 oldest company in Etterbeek, Education sector5 sites
Size
€703,194turnover 2025
Staff
21.9 FTE
Equity
€3.5m
Profit
€0
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
9 members
Auditor: Callens, Vandelanotte & TheunissenAccounts filed 31 days late
Why 96- Profit of €0 (FY 2025)+ Legal form Non-profit association+ Liquidity: current ratio 5.27, cash €1.6m+ Equity €3.5m (64.7% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 66% of its sector peers (NACE 85, small)
Financial strength · tick = 2024
Strong
Solvency 90+4
equity 64.7% of total assets
Liquidity 87-3
short-term debt 10.8% · cash 30.0%
Profitability 79-4
return on assets 0.0%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (623 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025highest value 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026lowest value 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 5.27 against 4.0 in 2024; short-term debt: 10.8% and cash: 30% of total assets), and 35.3% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, small): better than 61% on solvency, 84% on liquidity, 70% on profitability and 50% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Legal form Non-profit association
KBO
lowers risk · Liquidity: current ratio 5.27, cash €1.6m
NBB · annual accounts
raises risk · Profit of €0 (FY 2025)
NBB · annual accounts
lowers risk · Equity €3.5m (64.7% of total assets)
NBB · annual accounts
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
6 days early
2023
14 days early
2022
27 days early
2021
18 days early
2020
69 days late
2019
25 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.

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. Usually files around 18 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Appointment: Lebens Alain (director)Resignation: Mestag Bénédicte (director) ·…
  2. Annual accounts filedfiscal year 2025 · abbreviated…
  3. Appointment: de Crombrugghe de Picquendaele Alain…State Gazette act

Key points

  • Caution: Result fell in 2025from €286,000 to €0 ▼ 100% View
  • Positive: Oldest company in Etterbeek, Education sectorin the Checked rankings #4 View
  • Wallonia-Brussels supportpaid 2021 - 2025 €7.5m View
  • Board changedlatest change 04-06-2026 · 9 in office 1 joined · 1 left View
  • Active since 1971founded 03-03-1971 55 years View

By topic

Financials

Fiscal year
2025
Turnover
€703,194
Profit
€0
Solvency
64.7%
Turnover▲ 7.5%
Net result
20182025
Go to Financials

Board & ownership

Board
9 members
Auditor
Callens, Vandelanotte & Theunissen
  • Laurent DeutschDirector
  • Roumieux StéphaneDirector
  • Christopher ThompsonDirector
  • Vincent ScherpereelDirector
  • Franck JaninDirector

and 4 other directors

Go to Board & ownership

Timeline

Events
35
Since
2010
Next accounts
by 31-07-2027
  1. 25-07-2025Annual accounts filed
  2. 03-06-2025Appointment: Rasson Nicolas (director)
  3. 17-02-2025Resignations: Nyssen Bernard, Hecht Bernard and Possoz…
Go to Timeline

Company details

Sites
5
Legal form
Non-profit association
Activity
EducationNACE 85314
Founded
03-03-1971
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
L'Association a pour but l'enseignement et l'éducation des jeunes, sous toutes ses formes…
Go to Articles of association

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