KOEN MICHIELSEN
ActiveKOEN MICHIELSEN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €118k and a net result of €8k. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 83% of 16932 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▲+13
Solvency100=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 6.83 against 6.07 in 2024), and 13.7% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
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
86.3%
Return on assets
6%
Age of the figures
8 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €118k
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 17-03-2026, 136 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
136 d early
2024
41 d early
2023
42 d early
2022
117 d early
2021
79 d early
2020
11 d early
2019
24 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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€118k▲ 7.5%
2024 · €110k
2018: €109k
2019: €113k
2020: €107k
2021: €114k
2022: €99k
2023: €105k
2024: €110k
2018 → 2025
Total assets
€137k▲ 6.1%
2024 · €129k
2018: €124k
2019: €127k
2020: €126k
2021: €133k
2022: €115k
2023: €123k
2024: €129k
2018 → 2025
Net result
€8k▲ 69.5%
2024 · €5k
2018: €6k
2019: €4k
2020: €4k
2021: €7k
2022: €12k
2023: €6k
2024: €5k
2018 → 2025
Working capital
€109k▲ 12.6%
2024 · €97k
2018: €103k
2019: €113k
2020: €107k
2021: €109k
2022: €91k
2023: €99k
2024: €97k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€114k-€99k▼ 12.9%€105k▲ 6.0%€110k▲ 4.6%€118k▲ 7.5%
Operating result€10k-€14k▲ 38.4%€9k▼ 32.4%€8k▼ 14.3%€13k▲ 61.3%
Net result€7k-€12k▲ 72.8%€6k▼ 48.9%€5k▼ 18.2%€8k▲ 69.5%
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 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €137k
Fixed assets
€9k▼ 31.5%
Current assets
€128k▲ 10.1%
Equity and liabilities €137k
Equity
€118k▲ 7.5%
Debt
€19k▼ 2.3%
The debt ratio falls from 14.9% to 13.7%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€17k▲
2024 · €11k
Cash flow
€12k▲
2024 · €8k
Solvency
86.3%▲
2024 · 85.1%
Current ratio
6.83▲
2024 · 6.07
Quick ratio
6.69▲
2024 · 5.93
Debt / equity
0.16▼
2024 · 0.17
ROE
7.0%▲
2024 · 4.4%
ROA
6.0%▲
2024 · 3.8%
Interest coverage
20.29▲
2024 · 11.69
Debt
€19k▼
2024 · €19k
Debt ≤ 1 year
€19k▼
2024 · €19k
Income taxes
€4k▲
2024 · €2k
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€129k€137k▲
Fixed assets21/28€13k€9k▼
Tangible fixed assets22/27€13k€9k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€379€145▼
Current assets29/58€116k€128k▲
Stocks and contracts in progress3€3k€3k▲
Stocks30/36€3k€3k▲
Amounts receivable within one year40/41€6k€5k▼
Trade receivables40€1k€4k▲
Other amounts receivable41€5k€2k▼
Current investments50/53€80k€86k▲
Cash at bank and in hand54/58€27k€33k▲
Deferred charges and accrued income490/1€823€851▲
Equity and liabilities
Total equity and liabilities10/49€129k€137k▲
Equity10/15€110k€118k▲
Contributions10/11€12k€12k=
Reserves13€97k€106k▲
Distributable reserves133€97k€106k▲
Amounts payable17/49€19k€19k▼
Amounts payable within one year42/48€19k€19k▼
Financial debts43€2k€3k▲
Credit institutions430/8€2k€3k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€4k€4k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€11k€10k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€505€520▲
Gross operating margin9900€11k€17k▲
Operating profit (loss)9901€8k€13k▲
Financial income75/76B€129€115▼
Recurring financial income75€129€115▼
Financial charges65/66B€904€818▼
Recurring financial charges65€904€818▼
Profit (loss) for the period before taxes9903€7k€12k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€5k€8k▲
Profit (loss) for the period to be appropriated9905€5k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€8k▲
Transfer to equity691/2€5k€8k▲
To other reserves6921€5k€8k▲
The notes to these accounts (5 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
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €105k ▲6%
6 profitable years in a row build equity to €105k.
05-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €12k ▲72.8%
Operating result €14k, net result €12k, both a record.
13-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €4k ▼13.6%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Essen · 2 establishment units since 2008
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.
Beliestraat 512910 EssenGround area
1,042 m²
Building footprint
261 m²
Volume, LiDAR
1,589 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Koen Michielsen
since 20082.174.335.172
Studio Jos
since 20262.387.446.449
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642C0028/00L000 | Flanders | 872 m² | 1 · 152 m² | 8.4 m · 2 fl. |
| 11642C0021/02A004 | Flanders | 170 m² | 1 · 108 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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14Value
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XIOCKU
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Of 16,811 companies in sector 62100 we hold annual accounts for 8,750. 6,904 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-09-2008
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
62020IT consultancy
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
63120Computing infrastructure, data processing, hosting and other information service activities
63910Web portal activities
63920Other information service activities
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.