B. MICHAUX
ActiveB. MICHAUX has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €385k and a net result of €23k. Equity is growing by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 10345 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-5
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.77 against 3.38 in 2024; short-term debt: 20% and cash: 37.6% of total assets), and 22.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 →
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
77.8%
Return on assets
4.6%
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
21 d early
2023
5 d early
2022
55 d early
2021
10 d late
2020
9 d early
2019
8 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€23k▼ 57.0%
2024 · €53k
2018: €7k
2019: €33k
2020: €3k
2021: €40k
2022: €86k
2023: €62k
2024: €53k
2018 → 2025
Working capital
€274k▼ 7.8%
2024 · €298k
2018: €182k
2019: €220k
2020: €237k
2021: €252k
2022: €334k
2023: €375k
2024: €298k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€297k-€350k▲ 18.1%€405k▲ 15.7%€426k▲ 5.1%€385k▼ 9.6%
Operating result€64k-€125k▲ 95.1%€94k▼ 24.9%€83k▼ 11.7%€41k▼ 50.4%
Net result€40k-€86k▲ 113%€62k▼ 27.8%€53k▼ 13.9%€23k▼ 57.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 50% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €495k
Fixed assets
€122k▼ 21.3%
Current assets
€374k▼ 11.6%
Equity and liabilities €495k
Equity
€385k▼ 9.6%
Debt
€110k▼ 27.3%
The debt ratio falls from 26.2% to 22.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€78k▼
2024 · €114k
Cash flow
€60k▼
2024 · €85k
Solvency
77.8%▲
2024 · 73.8%
Current ratio
3.77▲
2024 · 3.38
Quick ratio
1.98▼
2024 · 2.04
Debt / equity
0.29▼
2024 · 0.35
ROE
6.0%▼
2024 · 12.6%
ROA
4.6%▼
2024 · 9.3%
Interest coverage
12.19▼
2024 · 15.27
Debt
€110k▼
2024 · €151k
Debt ≤ 1 year
€99k▼
2024 · €125k
Debt > 1 year
€11k▼
2024 · €26k
Income taxes
€13k▼
2024 · €22k
Staff costs
€111k▲
2024 · €103k
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€577k€495k▼
Fixed assets21/28€155k€122k▼
Tangible fixed assets22/27€155k€122k▼
Plant, machinery and equipment23€26k€19k▼
Furniture and vehicles24€115k€89k▼
Other tangible fixed assets26€13k€13k=
Current assets29/58€423k€374k▼
Stocks and contracts in progress3€168k€177k▲
Stocks30/36€168k€177k▲
Amounts receivable within one year40/41€13k€10k▼
Trade receivables40€0-
Other amounts receivable41€13k€10k▼
Cash at bank and in hand54/58€236k€186k▼
Deferred charges and accrued income490/1€5k€0▼
Equity and liabilities
Total equity and liabilities10/49€577k€495k▼
Equity10/15€426k€385k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€364k€323k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Reserves not available under the articles1311€96€96=
Distributable reserves133€358k€317k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€151k€110k▼
Amounts payable after more than one year17€26k€11k▼
Financial debts170/4€26k€11k▼
Amounts payable within one year42/48€125k€99k▼
Current portion of amounts payable after more than one year42€29k€16k▼
Trade debts44€17k€6k▼
Suppliers440/4€17k€6k▼
Taxes, remuneration and social security45€22k€26k▲
Taxes450/3€13k€10k▼
Remuneration and social security454/9€10k€16k▲
Other amounts payable47/48€57k€52k▼
Income statement
Code20242025
Non-recurring operating income76A€26k€0▼
Remuneration, social security and pensions62€103k€111k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€37k▲
Other operating charges640/8€8k€5k▼
Non-recurring operating charges66A€455€346▼
Gross operating margin9900€225k€195k▼
Operating profit (loss)9901€83k€41k▼
Financial income75/76B€718€1k▲
Recurring financial income75€718€1k▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€76k€36k▼
Income taxes67/77€22k€13k▼
Profit (loss) for the period9904€53k€23k▼
Profit (loss) for the period to be appropriated9905€53k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€23k▼
Transfer from equity791/2€33k€64k▲
Transfer to equity691/2€53k€23k▼
To other reserves6921€53k€23k▼
Profit to be distributed694/7€33k€64k▲
Return on contributions (dividend)694€33k€64k▲
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
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €86k ▲113%
Operating result €125k, net result €86k, both a record.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €3k ▼91%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Bastogne · 1 establishment unit since 1992
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.
Rue du Sablon 936600 BastogneGround area
314 m²
Building footprint
112 m²
Parcel 82302B0413/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Sablon 93, 6600 Bastogne
since 19922.058.836.183
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82302B0413/00E000 | Wallonia | 314 m² | 1 · 112 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.
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BE 0429.464.233
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GROUPE NOVAIS
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REUTER
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Of 6,503 companies in sector 47716 we hold annual accounts for 2,441. 1,552 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-06-1992
Fiscal year end31-12
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
52421
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.