Financials
- Financial year
- 2024
- Total assets
- €5,687
- Loss
- -€2,126
- Solvency
- 8.3%
Atelier Michel C
ActiveSummary
The computed 12-month bankruptcy probability of Atelier Michel C is 6.8% (elevated). The 2024 annual accounts show equity of €474 and a net result of -€2,126. Its solvency ranks better than 13% of 35,972 sector peers (NACE 43, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Other specialised construction activities
NACE 43990
1 site
Size
€5,687total assets 2024
- Equity
- €474
- Loss
- -€2,126
Turnover not published (micro format)
Why 32raises risk1 financial year not filed after the legal deadline; last filed accounts filed 130 days late; 1 of the last 3 lateFounded in 2023Figures for financial year 2024 (filed 11-12-2025)lowers riskSize: total assets €5,687Show the evidence
Checked score
Score 2024
32
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 7% of its sector peers (NACE 43, micro)
Financial strength
Weak
Solvency
33
equity 8.3% of total assets
Liquidity
2
short-term debt 91.7% · cash 1.3%
Profitability
0
return on assets -37.4%
Bankruptcy probability, 12 months
6.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2025: 1.9%lowest value
02-2025: 1.9%● unchanged vs 01-2025lowest value
03-2025: 2.0%▲ +0.1 percentage points vs 02-2025
04-2025: 2.3%▲ +0.3 percentage points vs 03-2025
05-2025: 2.4%▲ +0.1 percentage points vs 04-2025
06-2025: 2.7%▲ +0.3 percentage points vs 05-2025
07-2025: 2.7%● unchanged vs 06-2025
08-2025: 3.0%▲ +0.3 percentage points vs 07-2025
09-2025: 2.9%▼ -0.1 percentage points vs 08-2025
10-2025: 2.9%● unchanged vs 09-2025
11-2025: 3.2%▲ +0.3 percentage points vs 10-2025
12-2025: 3.3%▲ +0.1 percentage points vs 11-2025
01-2026: 5.0%▲ +1.7 percentage points vs 12-2025
02-2026: 5.0%● unchanged vs 01-2026
03-2026: 5.0%● unchanged vs 02-2026
04-2026: 5.1%▲ +0.1 percentage points vs 03-2026
05-2026: 5.1%● unchanged vs 04-2026
06-2026: 4.9%▼ -0.2 percentage points vs 05-2026
07-2026: 5.0%▲ +0.1 percentage points vs 06-2026
08-2026: 5.3%▲ +0.3 percentage points vs 07-2026
09-2026: 5.4%▲ +0.1 percentage points vs 08-2026
10-2026: 6.8%▲ +1.4 percentage points vs 09-2026highest value
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.09, below the usual 1.5; short-term debt: 91.7% and cash: 1.3% of total assets), and 91.7% of the assets are financed with debt and provisions.
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 43, micro): better than 13% on solvency, 3% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 29-10-2026 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
Six signals.
lowers riskraises risk
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 35972 sector peers (2024).
NBB · sector comparisonPosition among 35972 sector peers
Solvency
better than 13%
← weakest
strongest →
raises risk · 2024 accounts filed 130 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-12-2025, 130 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 1 filingDeviation from the deadline
2024
130 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 130 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- IncorporationAppointment: MICHEL Christophe (director) ·…
Key points
By topic
Board & ownership
- Board
- 1 member
- MICHEL ChristopheDirector
Timeline
- Events
- 2
- Since
- 2023
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Other specialised construction activitiesNACE 43990
- Founded
- 21-12-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 16
- Annual meeting
- First Monday of June at 18:00
- Purpose
- “Het uitvoeren van alle bouwwerken,aannemingen van…” (deed in Dutch)
- Statutory auditor
- No statutory auditor
Key facts about Atelier Michel C
- What is the company number of Atelier Michel C?
- 1003.789.058. In Belgium the VAT number is the company number with BE in front: BE 1003.789.058.
- Where is Atelier Michel C based?
- The registered office is at Rozenlaan 17, 2980 Zoersel.Company details
- What does Atelier Michel C do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of Atelier Michel C?
- Private limited company (BV).
- When was Atelier Michel C founded?
- On 21-12-2023.
- Is Atelier Michel C still active?
- Yes, Atelier Michel C is an active enterprise in the KBO register.
- What is the turnover of Atelier Michel C?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is Atelier Michel C profitable?
- In financial year 2024, Atelier Michel C made a loss of €2,126.
- Where can I find the annual accounts of Atelier Michel C?
- Atelier Michel C filed 1 annual account with the National Bank of Belgium, for financial year 2024.
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