Dakwerken Senne Michiels
ActiveSummary
The computed 12-month bankruptcy probability of Dakwerken Senne Michiels is 2.2% (moderate). The 2025 annual accounts show equity of €2k and a net result of €30k. Equity is shrinking by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 27786 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency29▼-59
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
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
4%
Return on assets
61%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 11%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
2 d early
2023
29 d early
2022
28 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 95.7%
2024 · €46k
2022: €4k
2023: €2k
2024: €46k
2022 → 2025
Total assets
€50k▼ 32.8%
2024 · €74k
2022: €54k
2023: €45k
2024: €74k
2022 → 2025
Net result
€30k▼ 32.0%
2024 · €44k
2022: €2k
2023: €-1k
2024: €44k
2022 → 2025
Working capital
€7k▼ 85.6%
2024 · €48k
2022: €-39k
2023: €108
2024: €48k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€4k-€2k▼ 42.1%€46k▲ 2,161%€2k▼ 95.7%
Operating result€2k-€844▼ 64.7%€57k▲ 6,638%€39k▼ 31.3%
Net result€2k-€-1k€44k€30k▼ 32.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50k
Fixed assets
€2k ▼ 81.7%
Current assets
€47k ▼ 22.8%
Equity and liabilities €50k
Equity
€2k ▼ 95.7%
Debt
€48k ▲ 74.5%
Debt's share of the balance-sheet total rises from 36.9% to 96.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€40k▼
2024 · €69k
Cash flow
€31k▼
2024 · €57k
Current ratio
1.17▼
2024 · 4.82
Debt to equity
23.75▲
2024 · 0.59
ROA
61.0%▲
2024 · 60.3%
Interest coverage
25.65▼
2024 · 42.99
Debt ≤ 1 year
€40k▲
2024 · €13k
Debt > 1 year
€7k▼
2024 · €15k
Income taxes
€8k▼
2024 · €12k
A ratio outside any meaningful range has been withheld (balance sheet total €50k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€74k€50k▼
Fixed assets21/28€13k€2k▼
Tangible fixed assets22/27€13k€2k▼
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€11k€1k▼
Current assets29/58€61k€47k▼
Amounts receivable within one year40/41€31k€1k▼
Trade receivables40€131€974▲
Other amounts receivable41€30k€43▼
Cash at bank and in hand54/58€31k€46k▲
Equity and liabilities
Total equity and liabilities10/49€74k€50k▼
Equity10/15€46k€2k▼
Contributions10/11€2k€2k=
Reserves13€43k€0▼
Distributable reserves133€43k€0▼
Profit (loss) carried forward14€1k€0▼
Amounts payable17/49€27k€48k▲
Amounts payable after more than one year17€15k€7k▼
Financial debts170/4€15k€7k▼
Amounts payable within one year42/48€13k€40k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Trade debts44€5k€2k▼
Suppliers440/4€5k€2k▼
Taxes, remuneration and social security45€918€11k▲
Taxes450/3€918€11k▲
Other amounts payable47/48-€20k
Income statement
Code20242025
Remuneration, social security and pensions62€663-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€584▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€72k€41k▼
Operating profit (loss)9901€57k€39k▼
Financial income75/76B€1k€657▼
Recurring financial income75€1k€657▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€56k€38k▼
Income taxes67/77€12k€8k▼
Profit (loss) for the period9904€44k€30k▼
Profit (loss) for the period to be appropriated9905€44k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€32k▼
Profit (loss) brought forward from the previous period14P€55€1k▲
Transfer from equity791/2-€43k
Transfer to equity691/2€43k€0▼
To other reserves6921€43k€0▼
Profit to be distributed694/7-€75k
Return on contributions (dividend)694-€75k
The notes to these accounts (9 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 4.82
Current ratio from 1.01 to 4.82; short-term debt falls from €21k to €13k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-1k ▼196%
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 1.01
Current ratio from 0.22 to 1.01; short-term debt falls from €50k to €21k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Olen · 1 establishment unit since 2021
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.
Lichtaartseweg 922250 OlenGround area
734 m²
Building footprint
271 m²
Volume, LiDAR
1,396 m³
Parcel 13029C0071/00P023, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Dakwerken Senne Michiels
since 20212.320.780.725
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13029C0071/00P023 | Flanders | 734 m² | 1 · 271 m² | 8.7 m · 2 fl. |
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.
Similar companies · same sector, comparable size
Dak- en timmerwerken Thomas Gybels
BE 0767.877.734
Herselt · Eq €2,000
ALLIANCE TOITURE
BE 1032.254.994
Châtelet · Eq €2,000
HEN-BE
BE 1032.120.778
Charleroi · Eq €1,996
GEMBLOUTOIT
BE 0762.655.768
Gembloux · Eq €1,972
HOUTBOUW+
BE 0765.988.115
Brakel · Eq €2,037
Of 8,561 companies in sector 43410 we hold annual accounts for 4,357. 666 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-08-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43230Insulation installation
43341Painting of buildings
43421Specialised construction activities
43990Other specialised construction activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.