Maikel@Work

Active

Private limited companyfounded 20251 yr activeIzegemsestraat 67, 8850 Ardooie, BelgiumKBO/BCE: BE 1018.425.071

The computed 12-month bankruptcy probability of Maikel@Work is 1.6% (moderate). The 2025 annual accounts show equity of €12k and a net result of €9k. Its solvency ranks better than 14% of 27386 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

48 / 100

Fair

The score combines four axes. Every signal that weighs is under Signals.

Axes

Profitability100

Solvency12

Growth-

Stability67

Bankruptcy probability, 12 months

1.6% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.76), and 90.2% 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

Six 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 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

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

9.8%

Return on assets

6.9%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 27386 sector peers (2025).

NBB · sector comparison

Position among 27386 sector peers

Solvency

better than 14%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 1 filing

Deviation from the deadline

2025

25 d late

← before the deadline after the 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, micro schema

Equity

€12k

Total assets

€123k

Net result

€9k

Working capital

€-10k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €123k

74.4%

25.6%

Fixed assets €91k

Current assets €31k

Equity and liabilities €123k

10%

90.2%

Equity €12k

Debt €111k

Debt finances 90.2% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€38k

Cash flow

€31k

Solvency

9.8%

Current ratio

0.76

Quick ratio

0.76

Debt / equity

9.23

ROE

70.8%

ROA

6.9%

Interest coverage

9.91

Debt

€111k

Debt ≤ 1 year

€41k

Debt > 1 year

€66k

Income taxes

€4k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€123k

Fixed assets21/28€91k

Tangible fixed assets22/27€91k

Plant, machinery and equipment23€78k

Furniture and vehicles24€13k

Current assets29/58€31k

Amounts receivable within one year40/41€18k

Trade receivables40€16k

Other amounts receivable41€2k

Cash at bank and in hand54/58€8k

Deferred charges and accrued income490/1€5k

Equity and liabilities

Total equity and liabilities10/49€123k

Equity10/15€12k

Contributions10/11€4k

Reserves13€9k

Distributable reserves133€9k

Amounts payable17/49€111k

Amounts payable after more than one year17€66k

Financial debts170/4€66k

Amounts payable within one year42/48€41k

Current portion of amounts payable after more than one year42€19k

Trade debts44€14k

Suppliers440/4€14k

Taxes, remuneration and social security45€8k

Taxes450/3€4k

Remuneration and social security454/9€4k

Other amounts payable47/48€340

Accrued charges and deferred income492/3€3k

Income statement Code2025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k

Other operating charges640/8€851

Gross operating margin9900€39k

Operating profit (loss)9901€16k

Financial income75/76B€110

Recurring financial income75€110

Financial charges65/66B€4k

Recurring financial charges65€4k

Profit (loss) for the period before taxes9903€12k

Income taxes67/77€4k

Profit (loss) for the period9904€9k

Profit (loss) for the period to be appropriated9905€9k

Appropriation of the result

Profit (loss) to be appropriated9906€9k

Transfer to equity691/2€9k

To other reserves6921€9k

The notes to these accounts (6 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 1Filings 1

2026

25-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 25 days late

NBB filing

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, Ardooie · 1 establishment unit since 2025

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.

Izegemsestraat 678850 Ardooie

Ground area

2,092 m²

Building footprint

181 m²

Volume, LiDAR

844 m³

Parcel 36001D0505/00R000, Flanders · tallest building 24.7 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Maikel@Work

Izegemsestraat 67, 8850 ArdooieRepair and maintenance of machinery

since 20252.368.762.368

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
36001D0505/00R000	Flanders	2,092 m²	1 · 181 m²	24.6 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.

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 140 EUR awarded · 140 EUR paid

Year	Entries	awarded	paid
2025	1	140 EUR	140 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 140 EUR · 140 EUR paid · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Rijkevorsel · Eq €12k

GROND EN SLOOPWERKEN VERWILST

Of 1,347 companies in sector 43110 we hold annual accounts for 620. 305 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded08-01-2025

Fiscal year end31-12

Activities, NACEBEL

43110Demolition

43120Site preparation

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.