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Education Saint Michel

Active
Non-profit associationfounded 197551 yrs activeSint-Michielslaan 26, 1040 Etterbeek, BelgiumKBO/BCE: BE 0414.918.983
Summary

Education Saint Michel has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €255,660. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 81% of 922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
Education Saint MichelActiveChecked score 98/100
Risk analysis ReportCompare

Overview

Activity
Contract catering and other food service activities
NACE 56220NACE 56290
#3 oldest company in Etterbeek, Accommodation and food service sector2 sites
Size
€1.3mturnover 2025
Staff
6.1 FTE
Equity
€1.0m
Profit
€255,660
Financial health
98 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Board
9 members
Auditor: Callens, Vandelanotte & TheunissenAccounts filed 31 d late
Why 98- Sector Food and beverage service activities (NACE 56)+ Legal form Non-profit association+ Liquidity: current ratio 3.96, cash €1.1m+ Founded in 1975Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Better than 81% of its sector peers (NACE 56, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 91+8
equity 65.9% of total assets
Liquidity 93+9
short-term debt 21.6% · cash 71.6%
Profitability 93+93
return on assets 16.7%
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 1.8% (23,692 companies)
Last 24 months 11-2024: < 0.1%lowest value 12-2024: < 0.1%● 0.0% vs 11-2024lowest value 01-2025: < 0.1%● 0.0% vs 12-2024lowest value 02-2025: < 0.1%● 0.0% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%● 0.0% vs 03-2025lowest value 05-2025: < 0.1%● 0.0% vs 04-2025lowest value 06-2025: < 0.1%● 0.0% vs 05-2025lowest value 07-2025: < 0.1%▲ +7.7% vs 06-2025 08-2025: < 0.1%▲ +179% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%● 0.0% vs 02-2026 04-2026: < 0.1%● 0.0% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%▼ -2.6% vs 06-2026 08-2026: < 0.1%▲ +7.9% vs 07-2026highest value 09-2026: < 0.1%▼ -58.5% vs 08-2026 10-2026: < 0.1%● 0.0% vs 09-2026
  • Legal form Non-profit association lowers the probability
  • Liquidity: current ratio 3.96, cash €1.1m lowers the probability
  • Founded in 1975 lowers the probability for this profile
  • Sector Food and beverage service activities (NACE 56) raises the probability
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 3.96 against 3.12 in 2024; short-term debt: 21.6% and cash: 71.6% of total assets), and 34.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 56, micro). Better than this share of them on solvency 81%, liquidity 93%, profitability 81%, growth against the median 69%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Legal form Non-profit association
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Liquidity: current ratio 3.96, cash €1.1m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 1975
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Food and beverage service activities (NACE 56)
In the bankruptcy model this factor raises the probability.
KBO
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 d late
2024
6 d early
2023
14 d early
2022
27 d early
2021
18 d early
2020
69 d late
2019
17 d early
← 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 3 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Appointment: Lebens Alain (director)Resignation: Mestag Bénédicte (director) ·…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Back to profitnet €255,660

Key points

  • Positive: Back in profit in 2025after -€214,334 in 2024 €255,660 View
  • Positive: Oldest company in Etterbeek, Accommodation and food service…in the Checked rankings #3 View
  • Positive: 5 years of growth in a rowturnover 2025: €1.3m 5 years View
  • Board changedlatest change 01-09-2026 · 9 in office 1 joined · 1 left View
  • Active since 1975founded 01-02-1975 51 years View

By topic

Financials

Fiscal year
2025
Turnover
€1.3m
Profit
€255,660
Solvency
65.9%
Turnover▲ 5.9%
Net result
20192025
Go to Financials

Timeline

Events
31
Since
2010
Next accounts
by 31-07-2027
  1. 01-09-2026Appointment: Lebens Alain (director)
  2. 31-08-2026Annual accounts filed
  3. 31-12-2025Back to profit
Go to Timeline

Company details

Sites
2
Legal form
Non-profit association
Activity
Contract catering and other food service activitiesNACE 56220
Founded
01-02-1975
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Articles of association

Provisions read
1
Purpose
L'Association a pour but le soutien moral, matériel, logistique et financier à l'œuvre…
Go to Articles of association

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