MACHIELS SERVICES

Active

Public limited companyfounded 20179 yrs activeEkkelgaarden 16, 3500 Hasselt, BelgiumKBO/BCE: BE 0678.783.927

MACHIELS SERVICES has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €996k and a net result of €-66k. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 21% of 827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

Score 2025

45 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability56▲+5

Solvency39=

Growth41▲+1

Track record100

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €40k at 30 days acceptable

Liquidity short (current ratio 0.04 against 0.14 in 2024; short-term debt: 83.7% of total assets), and 85.6% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

14.4%

Return on assets

-1%

Age of the figures

9 mo

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year €-66k

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 827 sector peers (2025).

NBB · sector comparison

Position among 827 sector peers

Solvency

better than 21%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

7 d early

2024

29 d late

2023

28 d late

2022

9 d late

2021

3 d late

2020

6 d late

2019

1 d early

← before the deadline after the deadline →

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 months

Position in the running window

19-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€588k▲ 3.8%

2024 · €566k

2018: €795k 2019: €686k 2020: €944k 2021: €1.19M 2022: €918k 2023: €456k 2024: €566k

2018 → 2025

EBIT margin

27.3%▼ 7.6pp

2024 · 34.9%

2018: 2.5% 2019: 3.0% 2020: 1.2% 2021: 1.7% 2022: 2.6% 2023: 10.9% 2024: 34.9%

2018 → 2025

Net result

€-66k▲ 66.1%

2024 · €-196k

2018: €12k 2019: €14k 2020: €6k 2021: €6k 2022: €-3k 2023: €-339k 2024: €-196k

2018 → 2025

Working capital

€-5.55M▼ 30.8%

2024 · €-4.25M

2018: €36k 2019: €39k 2020: €37k 2021: €57k 2022: €-1,000k 2023: €-925k 2024: €-4.25M

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€1.19M-€918k▼ 22.8%€456k▼ 50.3%€566k▲ 24.0%€588k▲ 3.8%

Equity€100k-€97k▼ 2.9%€-242k€1.06M€996k▼ 6.2%

Operating result€21k-€24k▲ 15.4%€50k▲ 108%€198k▲ 299%€160k▼ 18.8%

Net result€6k-€-3k€-339k▼ 11,523%€-196k▲ 42.3%€-66k▲ 66.1%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 19% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €6.94M

96.4%

Fixed assets €6.69M▼ 3.4%

Current assets €252k▼ 63.7%

Equity and liabilities €6.94M

14.4%

85.6%

Equity €996k▼ 6.2%

Debt €5.94M▼ 9.3%

The debt ratio falls from 86.0% to 85.6%. Equity and debt are lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€464k▼

2024 · €496k

Cash flow

€237k▲

2024 · €102k

Solvency

14.4%▲

2024 · 14.0%

Current ratio

0.04▼

2024 · 0.14

Quick ratio

0.04▼

2024 · 0.14

Debt / equity

5.97▼

2024 · 6.17

ROE

-6.7%▲

2024 · -18.4%

ROA

-1.0%▲

2024 · -2.6%

Interest coverage

1.97▲

2024 · 1.26

Debt

€5.94M▼

2024 · €6.55M

Debt ≤ 1 year

€5.81M▲

2024 · €4.94M

Debt > 1 year

€133k▼

2024 · €1.60M

Staff costs

€90k▲

2024 · €69k

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€7.61M€6.94M▼

Fixed assets21/28€6.92M€6.69M▼

Tangible fixed assets22/27€6.92M€6.69M▼

Land and buildings22€6.84M€6.60M▼

Furniture and vehicles24€10k€6k▼

Other tangible fixed assets26€70k€80k▲

Current assets29/58€694k€252k▼

Stocks and contracts in progress3€0€0=

Amounts receivable within one year40/41€693k€252k▼

Trade receivables40€375k€252k▼

Other amounts receivable41€318k€0▼

Deferred charges and accrued income490/1€451€0▼

Equity and liabilities

Total equity and liabilities10/49€7.61M€6.94M▼

Equity10/15€1.06M€996k▼

Contributions10/11€1.22M€1.22M=

Capital10€1.22M€1.22M=

Issued capital100€1.22M€1.22M=

Reserves13€36k€36k=

Non-distributable reserves130/1€6k€6k=

Legal reserve130€6k€6k=

Distributable reserves133€30k€30k=

Profit (loss) carried forward14€-196k€-262k▼

Amounts payable17/49€6.55M€5.94M▼

Amounts payable after more than one year17€1.60M€133k▼

Financial debts170/4€1.46M€0▼

Subordinated loans170€1.46M€0▼

Credit institutions173€0-

Other amounts payable178/9€133k€133k=

Amounts payable within one year42/48€4.94M€5.81M▲

Current portion of amounts payable after more than one year42€4.82M€0▼

Trade debts44€89k€65k▼

Suppliers440/4€89k€65k▼

Taxes, remuneration and social security45€32k€26k▼

Taxes450/3€26k€11k▼

Remuneration and social security454/9€5k€15k▲

Other amounts payable47/48€0€5.71M▲

Accrued charges and deferred income492/3€17k€3k▼

Income statement Code20242025

Operating income70/76A€713k€782k▲

Turnover70€566k€588k▲

Other operating income74€75k€121k▲

Non-recurring operating income76A€72k€73k▲

Operating charges60/66A€515k€621k▲

Services and other goods61€93k€164k▲

Remuneration, social security and pensions62€69k€90k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€298k€303k▲

Other operating charges640/8€55k€65k▲

Operating profit (loss)9901€198k€160k▼

Financial income75/76B€451€9k▲

Recurring financial income75€451€9k▲

Income from financial fixed assets750€451€2k▲

Other financial income752/9€0€6k▲

Financial charges65/66B€394k€236k▼

Recurring financial charges65€394k€236k▼

Debt charges650€393k€235k▼

Other financial charges652/9€472€431▼

Profit (loss) for the period before taxes9903€-196k€-66k▲

Profit (loss) for the period9904€-196k€-66k▲

Profit (loss) for the period to be appropriated9905€-196k€-66k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-196k€-262k▼

Profit (loss) brought forward from the previous period14P€-67€-196k▼

Social balance

Average headcount (FTE)90871.01.8▲

The notes to these accounts (84 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 4Gazette 1Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

24-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

30-03

State Gazette act Resignations & appointments

General meeting · Director resignation · Permanent representative6 facts ▸

General meeting, 01/12/2025
Director resignation, Pampelonne BV (bestuurder)
Permanent representative, Marieke Meugens
Director appointment, Tom Melotte BV (bestuurder)
Permanent representative, Tom Melotte
Power of attorney, Louis MACHIELS

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 29 days late

2024

31-12

Financial Equity above €1MEq €1.06M

Equity rises from €-242k to €1.06M.

28-08

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 28 days late

2023

31-12

Financial Weakest financial yearnet €-339k

Net result drops to €-339k, the lowest in the series; recovery starts the following year.

09-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 9 days late

2022

03-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 3 days late

2021

31-12

Financial Equity above €100kEq €100k ▲6%

4 profitable years in a row build equity to €100k.

06-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 6 days late

2020

30-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

31-12

Financial Highest result since 2018net €14k ▲15.4%

Net result €14k, the highest in the series.

17-04

NBB filing Annual accounts filed

fiscal year 2018 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 directors, no change since 2025

Tom Melotte BV

Director · since 01-12-2025 · Legal entity · perm. rep.: Tom Melotte

Current

01-12-2025 Tom Melotte BV: Appointed as Director

01-12-2025 Pampelonne BV: Resigned as Director

01-09-2023 Helena VERJANS: Resigned as Director

Location & real-estate footprint

Registered office, Hasselt · 1 establishment unit since 2017

establishment The establishment unit on the map

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.

Ekkelgaarden 163500 Hasselt

Ground area

6.5 ha

Building footprint

1.6 ha

Parcel 71324E0552/00C000, Flanders. Linked by address, not a title deed.

1 establishment unit

MACHIELS SERVICES

Ekkelgaarden 16, 3500 HasseltManufacture of fabricated metal products, except machinery and equipment

since 20172.266.528.031

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71324E0552/00C000	Flanders	6.5 ha	1 · 1.6 ha	-

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.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 2,386 EUR awarded · 2,386 EUR paid

Year	Entries	awarded	paid
2023	1	2,386 EUR	2,386 EUR

Schemes

Vlaams opleidingsverlof (VOV)

1 entry · 2,386 EUR · 2,386 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

T.L.N.S Construct

BE 0534.936.588

Erquelinnes · Eq €996k

Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 6,431 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded20-07-2017

Fiscal year end31-12

Activities, NACEBEL

41001General construction of residential buildings

68121Development of residential building projects

68122Development of non-residential building projects

43211General electrical installation work

43320Joinery installation

Sources

Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.