Debts
€231,169 93% of the balance sheet
Financial debts 62%Suppliers 1%Taxes and wages 11%Other 26%
Of this, €87,214 falls due within a year.
MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €70,795 (2012)
€64,685▲ 75.6%
lowest -€10,010 (2011)
€9,644▲ 147%
peak €29,695 (2019)
€18,002▲ 115%
€231,169▲ 8.9%
Board1 name since 2002
1 directorWARSON Michaël
Documentsfilings and deeds
02-07-202629 days before the deadline
2025micro format
Gross margin from €36,835 to €64,685Result from €3,900 to €9,644Registered-office move 03-03Equity from €8,358 to €18,002Cash from €24,692 to €16,417
Key points
from the 2025 annual accountsFilings
23 annual accounts since 2003
Seven of the last ten came late. The 2023 accounts came latest: 37 days after the end of the period.
Position in the sector
7.2%
Lower solvency than 88% of companies in legal and accounting. Sector median 56.8% · 15,834 companies.
Checked score
83
Excellent
Financially stronger than 36% of micro companies in legal and accounting (NACE 69)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: < 0.1% across 20,104 companies (NACE 69, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.9%▲ +0.1 percentage points vs 02-2025
04-2025: 1.6%▲ +0.7 percentage points vs 03-2025
05-2025: 1.7%▲ +0.1 percentage points vs 04-2025
06-2025: 1.6%▼ -0.1 percentage points vs 05-2025
07-2025: 1.7%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.4%▼ -1.3 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.5%▲ +0.1 percentage points vs 02-2026
04-2026: 0.4%▼ -0.1 percentage points vs 03-2026
05-2026: 0.5%▲ +0.1 percentage points vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
1 of the last 3 accounts late
lowers risk
Sector: Legal and accounting activities (NACE 69)
Figures for financial year 2025 (filed on 02-07-2026)
Calculation
The band follows from the bankruptcy probability. 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 69, micro). It does better than 13% of them on solvency, 18% on liquidity, 24% on profitability and 91% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,083 companies had the same profile as MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON has now. Each dot stands for 3 companies, two years later.
96.9%
were still trading
2.2%
stopped another way
0.8%
went bankrupt
That fits the bankruptcy probability of MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,083 companies, not a prediction for MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.25 (1.01 in 2024), below the usual 1.5. Short-term debt is 35% and cash 6.6% of total assets. 92.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 15834 sector peers (2025).
NBB · sector comparisonPosition among 15834 sector peers
Solvency
better than 11%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €18,002
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
9 days early
2023
37 days late
2022
31 days late
2021
25 days late
2020
31 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 17 days after the deadline. In the sector (NACE 69), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 August (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered-office move
General meeting of 18-02-2025 · Gazette deed
Change of role: WARSON Michaël, from manager to director
“De uitoefening van de activiteit van advocaat middels haar aandeelhouder of bestuurder, alsook alle…” (deed in Dutch) · Director discharge: WARSON Michaël · General meeting of 12-12-2023 · Gazette deed
Registered office moved from Paal-Beringen to Bolderberg
New registered office: Galgeneinde 71 3550 Bolderberg (Heusden-Zolder) · Previous registered office: PAALSESTEENWEG 133-3583 PAAL-BERINGEN · General meeting of 24-07-2017 · Gazette deed
Incorporation
published on 31-05-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON Hasselt | - | - | 7.2% | - |
| ADVOCATENKANTOOR DE BRUYN Hasselt | - | - | 25.2% | - |
| FRANCHIMONT AVOCATS ASSOCIES Liège | - | - | -5.5% | - |
| BROSE ET ASSOCIES Uccle | - | - | 1.5% | - |
| ADVOCATENKANTOOR BRUNO SCHOENAERTS Antwerp | €190,985 | 19.8% | 61.0% | - |
| Advocatenkantoor Marc Van Raemdonck - VARLAW Antwerp | - | - | 65.4% | - |
| AVOCAT VAN LEYNSEELE Woluwe-Saint-Lambert | €152,431 | 35.2% | 58.4% | - |
These companies have the same main activity as MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON: activities of lawyers (NACE 69101). They are comparable in size and age: total assets between €242,000 and €278,000, founded between 2000 and 2004.
Official details
Source: KBO- Status
- Active since 22-05-2002Normal situation
- Activity
- Activities of lawyersNACE 69101
- Establishment unit
- 2.252.398.5943500 Hasselt, since 22-05-2002
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €140,000estimated
- €249,171▲ 13.0%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON
MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON files the micro format. That format states no turnover. The gross margin rose from €15,910 in 2006 to €64,685 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON
- What is the company number of MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON?
- The company number of MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON is 0477.644.529. The VAT number is the same number with BE in front: BE 0477.644.529.
- Where is MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON based?
- The registered office is at Havermarkt 20, 3500 Hasselt.Company details
- What does MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON do?
- According to the KBO register, the main activity is activities of lawyers (NACE 69101).
- What is the legal form of MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON?
- MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON is a private limited company (BV).
- When was MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON founded?
- MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON was founded on 22-05-2002.
- Is MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON still active?
- Yes, MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON is an active enterprise in the KBO register.
- What is the turnover of MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €64,685 and 85 comparable companies (NACE 69). It probably lies between €110,000 and €180,000.Financials
- Is MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON profitable?
- In financial year 2025, MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON made a profit of €9,644.
- Where can I find the annual accounts of MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON?
- MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON due?
- MICHAEL WARSON - ADVOCAAT - WARSON - ADVOCAAT - ADVOCATENKANTOOR WARSON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.