Jan Michiels
ActiveJan Michiels has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90k and a net result of €29k. Equity is growing by ~39.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 3096 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
76
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency75▼-1
Growth52=
Stability94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.92 against 0.91 in 2024), and 37.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← fewer bankruptcies
more bankruptcies →
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
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
62.3%
Return on assets
20.3%
Age of the figures
8 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 · 3 filingsDeviation from the deadline
2025
8 d early
2024
1 d early
2023
63 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€90k▲ 48.3%
2024 · €61k
2023: €42k
2024: €61k
2023 → 2025
Total assets
€145k▲ 60.3%
2024 · €90k
2023: €85k
2024: €90k
2023 → 2025
Net result
€29k▲ 54.9%
2024 · €19k
2023: €38k
2024: €19k
2023 → 2025
Working capital
€-4k▼ 71.3%
2024 · €-2k
2023: €9k
2024: €-2k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€42k-€61k▲ 45.2%€90k▲ 48.3%
Operating result€48k-€25k▼ 47.8%€36k▲ 43.8%
Net result€38k-€19k▼ 49.8%€29k▲ 54.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 44% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145k
Fixed assets
€95k▲ 44.7%
Current assets
€50k▲ 101%
Equity and liabilities €145k
Equity
€90k▲ 48.3%
Debt
€55k▲ 85.0%
The debt ratio rises from 32.6% to 37.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€49k▲
2024 · €36k
Cash flow
€43k▲
2024 · €30k
Solvency
62.3%▼
2024 · 67.4%
Current ratio
0.92▲
2024 · 0.91
Quick ratio
0.92▲
2024 · 0.91
Debt / equity
0.60▲
2024 · 0.48
ROE
32.5%▲
2024 · 31.1%
ROA
20.3%▼
2024 · 21.0%
Interest coverage
133.95▲
2024 · 36.77
Debt
€55k▲
2024 · €29k
Debt ≤ 1 year
€54k▲
2024 · €27k
Income taxes
€6k▲
2024 · €5k
Staff costs
€3k▲
2024 · €70
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€90k€145k▲
Fixed assets21/28€65k€95k▲
Tangible fixed assets22/27€65k€95k▲
Plant, machinery and equipment23€32k€86k▲
Furniture and vehicles24€34k€8k▼
Current assets29/58€25k€50k▲
Amounts receivable within one year40/41€7k€32k▲
Trade receivables40€7k€17k▲
Other amounts receivable41-€15k
Cash at bank and in hand54/58€18k€15k▼
Deferred charges and accrued income490/1€426€3k▲
Equity and liabilities
Total equity and liabilities10/49€90k€145k▲
Equity10/15€61k€90k▲
Contributions10/11€5k€5k=
Reserves13€56k€85k▲
Distributable reserves133€56k€85k▲
Amounts payable17/49€29k€55k▲
Amounts payable within one year42/48€27k€54k▲
Current portion of amounts payable after more than one year42€11k-
Trade debts44€4k€315▼
Suppliers440/4€4k€315▼
Taxes, remuneration and social security45€3k-
Taxes450/3€3k-
Remuneration and social security454/9€499-
Other amounts payable47/48€10k€54k▲
Accrued charges and deferred income492/3€2k€181▼
Income statement
Code20242025
Remuneration, social security and pensions62€70€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€1k€856▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€38k€55k▲
Operating profit (loss)9901€25k€36k▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€992€369▼
Recurring financial charges65€992€369▼
Profit (loss) for the period before taxes9903€24k€36k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€19k€29k▲
Profit (loss) for the period to be appropriated9905€19k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€29k▲
Transfer to equity691/2€19k€29k▲
To other reserves6921€19k€29k▲
The notes to these accounts (7 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 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €19k ▼49.8%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
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, Westerlo · 1 establishment unit since 2023
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.
Zoerleberg 272260 WesterloGround area
1,995 m²
Building footprint
183 m²
Volume, LiDAR
703 m³
Parcel 13049C0311/00K000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Jan Michiels
since 20232.342.159.426
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049C0311/00K000 | Flanders | 1,995 m² | 1 · 183 m² | 5.8 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteWesterlo2.342.159.426
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Of 1,575 companies in sector 01620 we hold annual accounts for 216. 170 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2023
Fiscal year end31-12
Activities, NACEBEL
01620Support activities for animal production
43110Demolition
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.