Dakwerken Michiels

Active

Private limited companyfounded 2017active for 9 yearsHalensebaan 3, 3461 Bekkevoort, BelgiumKBO/BCE: BE 0674.790.101

Summary

The computed 12-month bankruptcy probability of Dakwerken Michiels is 8.8% (elevated). The 2024 annual accounts show equity of €119,310 and a net result of €22,311. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 59% of 9,837 sector peers (NACE 41, financial year 2024). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

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Dakwerken MichielsActiveChecked score 34/100

Risk analysis Report Compare

Activity

General construction of residential buildings

NACE 41001

1 site

Size

€234,047total assets 2024

Equity: €119,310
Profit: €22,311

Turnover not published (micro format)

Financial health

34 Weak Checked score 2024

Bankruptcy probabilitywithin 12 months: 8.8%

Structure

2025 accounts not filed, 87 days past the deadline1 of 3 deeds summarised

Why 34raises riskFigures for financial year 2024 (filed 29-08-2025)1 change of registered office in 24 months1 financial year not filed after the legal deadline; last filed accounts filed 28 days late; 2 of the last 3 lateSector: Construction of residential and non-residential buildings (NACE 41)Show the evidence

Checked score

Score 2024

34 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 50% of its sector peers (NACE 41, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Average

Solvency 76+17

equity 51.0% of total assets

Liquidity 45+13

short-term debt 25.8% · cash 3.8%

Profitability 51-25

return on assets 9.5%

Bankruptcy probability, 12 months

8.8% Elevated

0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,433 companies, NACE 41, micro)

Last 24 months 11-2024: 5.2% 12-2024: 4.8%▼ -0.4 percentage points vs 11-2024 01-2025: 4.8%● unchanged vs 12-2024 02-2025: 4.7%▼ -0.1 percentage points vs 01-2025 03-2025: 4.7%● unchanged vs 02-2025 04-2025: 4.7%● unchanged vs 03-2025 05-2025: 4.7%● unchanged vs 04-2025 06-2025: 4.0%▼ -0.7 percentage points vs 05-2025 07-2025: 3.9%▼ -0.1 percentage points vs 06-2025 08-2025: 7.4%▲ +3.5 percentage points vs 07-2025 09-2025: 3.4%▼ -4.0 percentage points vs 08-2025 10-2025: 3.4%● unchanged vs 09-2025 11-2025: 3.4%● unchanged vs 10-2025 12-2025: 3.4%● unchanged vs 11-2025 01-2026: 3.3%▼ -0.1 percentage points vs 12-2025 02-2026: 3.3%● unchanged vs 01-2026 03-2026: 3.3%● unchanged vs 02-2026lowest value 04-2026: 3.5%▲ +0.2 percentage points vs 03-2026 05-2026: 4.0%▲ +0.5 percentage points vs 04-2026 06-2026: 3.9%▼ -0.1 percentage points vs 05-2026 07-2026: 3.9%● unchanged vs 06-2026 08-2026: 4.7%▲ +0.8 percentage points vs 07-2026 09-2026: 5.5%▲ +0.8 percentage points vs 08-2026 10-2026: 8.8%▲ +3.3 percentage points vs 09-2026highest value

Credit of up to €4,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms

Liquidity ample (current ratio 3.21, compared with 1.56 in 2023, above the usual 1.5; short-term debt: 25.8% and cash: 3.8% of total assets), and 49% 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 41, micro): better than 59% on solvency, 43% on liquidity, 29% on profitability and 67% on growth.

The bankruptcy probability was computed on 25-10-2026 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.

raises risk

Figures for financial year 2024 (filed 29-08-2025)

NBB · annual accounts

1 change of registered office in 24 months

Belgian Official Gazette

1 financial year not filed after the legal deadline; last filed accounts filed 28 days late; 2 of the last 3 late

NBB · filings

Sector: Construction of residential and non-residential buildings (NACE 41)

KBO

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 87 days later.

NBB · 5 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline26-10-2026 today

2024 accounts filed 28 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 5 filings

Deviation from the deadline

2025

not filed

2024

28 days late

2023

68 days late

2022

85 days late

2021

74 days late

2020

61 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 63 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

28-08-2025 Annual accounts filedfinancial year 2024 · micro…
22-07-2025 Registered officeRegistered-office move · Director in…
31-12-2024 Liquidity more than doubledcurrent ratio 3.21

Key points

Caution: 2025 accounts not fileddeadline was 31-07-2026 87 days past the deadline View
Positive: 5 profitable years in a rowprofit 2024: €22,311 5 years View
Total assets 20245 financial years filed €234,047 View

By topic

Financials

Financial year: 2024
Total assets: €234,047
Profit: €22,311
Solvency: 51.0%

Total assets▼ 18.4%

Net result

20202024

Go to Financials

Timeline

Events: 9
Since: 2021

31-12-2024Equity above €100,000
07-10-2024Annual accounts filed
24-10-2023Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: General construction of residential buildingsNACE 41001
Founded: 25-04-2017
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Dakwerken Michiels

What is the company number of Dakwerken Michiels?: 0674.790.101. In Belgium the VAT number is the company number with BE in front: BE 0674.790.101.
Where is Dakwerken Michiels based?: The registered office is at Halensebaan 3, 3461 Bekkevoort.Company details
What does Dakwerken Michiels do?: According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
What is the legal form of Dakwerken Michiels?: Private limited company (BV).
When was Dakwerken Michiels founded?: On 25-04-2017.
Is Dakwerken Michiels still active?: Yes, Dakwerken Michiels is an active enterprise in the KBO register.
How many employees does Dakwerken Michiels have?: On average 0.3 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of Dakwerken Michiels?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Dakwerken Michiels profitable?: In financial year 2024, Dakwerken Michiels made a profit of €22,311.
Where can I find the annual accounts of Dakwerken Michiels?: Dakwerken Michiels filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2024.