MICADEL GROUP
ActiveMICADEL GROUP has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €64k and a net result of €9k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 26057 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
96
/ 100
Excellent▲ +23 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▲+71
Solvency81▼-16
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 2.25 in 2023), and 49.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
50.3%
Return on assets
7.1%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-08-2025, 1 day 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d late
2023
92 d late
2022
149 d late
2021
52 d late
2020
143 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€64k▲ 16.4%
2023 · €55k
2018: €42k
2019: €46k
2020: €43k
2021: €62k
2022: €55k
2023: €55k
2018 → 2024
Total assets
€128k▲ 25.5%
2023 · €102k
2018: €85k
2019: €67k
2020: €73k
2021: €74k
2022: €132k
2023: €102k
2018 → 2024
Net result
€9k
2023 · €-277
2018: €1k
2019: €4k
2020: €-2k
2021: €7k
2022: €-7k
2023: €-277
2018 → 2024
Working capital
€22k▼ 53.0%
2023 · €47k
2018: €39k
2019: €40k
2020: €37k
2021: €53k
2022: €52k
2023: €47k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€62k▲ 44.0%€55k▼ 11.1%€55k▼ 0.5%€64k▲ 16.4%
Operating result€-2k-€10k€-5k€5k€15k▲ 205%
Net result€-2k-€7k€-7k€-277▲ 96.0%€9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 205% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €128k
Fixed assets
€46k▲ 160%
Current assets
€81k▼ 3.2%
Equity and liabilities €128k
Equity
€64k▲ 16.4%
Debt
€64k▲ 36.2%
The debt ratio rises from 45.8% to 49.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€19k▲
2023 · €8k
Cash flow
€14k▲
2023 · €2k
Solvency
50.3%▼
2023 · 54.2%
Current ratio
1.37▼
2023 · 2.25
Quick ratio
1.37▼
2023 · 2.25
Debt / equity
0.99▲
2023 · 0.85
ROE
14.1%▲
2023 · -0.5%
ROA
7.1%▲
2023 · -0.3%
Interest coverage
9.57▲
2023 · 1.86
Debt
€64k▲
2023 · €47k
Debt ≤ 1 year
€59k▲
2023 · €37k
Debt > 1 year
€4k▼
2023 · €9k
Income taxes
€4k▲
2023 · €1k
Staff costs
€138k▲
2023 · €54k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€102k€128k▲
Fixed assets21/28€18k€46k▲
Tangible fixed assets22/27€14k€30k▲
Furniture and vehicles24€8k€6k▼
Other tangible fixed assets26€6k€24k▲
Financial fixed assets28€4k€17k▲
Current assets29/58€84k€81k▼
Amounts receivable within one year40/41€55k€37k▼
Trade receivables40€54k€34k▼
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€10k€19k▲
Deferred charges and accrued income490/1€19k€24k▲
Equity and liabilities
Total equity and liabilities10/49€102k€128k▲
Equity10/15€55k€64k▲
Contributions10/11€18k€18k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€35k€45k▲
Amounts payable17/49€47k€64k▲
Amounts payable after more than one year17€9k€4k▼
Financial debts170/4€9k€4k▼
Amounts payable within one year42/48€37k€59k▲
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€11k€32k▲
Suppliers440/4€11k€32k▲
Taxes, remuneration and social security45€18k€19k▲
Taxes450/3€14k€13k▼
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€4k€4k=
Income statement
Code20232024
Remuneration, social security and pensions62€54k€138k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€5k€18k▲
Non-recurring operating charges66A€894€359▼
Gross operating margin9900€68k€175k▲
Operating profit (loss)9901€5k€15k▲
Financial income75/76B-€45
Recurring financial income75-€45
Financial charges65/66B€4k€2k▼
Recurring financial charges65€4k€2k▼
Profit (loss) for the period before taxes9903€766€13k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€-277€9k▲
Profit (loss) for the period to be appropriated9905€-277€9k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€45k▲
Profit (loss) brought forward from the previous period14P€36k€35k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
27-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 149 days late
2022
31-12
Financial
Weakest financial yearnet €-7k ▼194%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 52 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 5.61
Current ratio from 2.27 to 5.61; short-term debt falls from €29k to €12k.
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 143 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
02-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 124 days late
09-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 282 days late
2018
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 169 days late
2016
25-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 86 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Manage · 2 establishment units since 2022
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.
Rue Emile Vandervelde 957170 ManageGround area
55.1 ha
Building footprint
6,384 m²
Volume, LiDAR
55,335 m³
3 parcels, Wallonia · tallest building 15.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Trucks Parking E42
since 20222.335.903.223
TPE42 Seneffe
since 20242.365.121.603
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0245/00T000 | Wallonia | 49.9 ha | 1 · 4,735 m² | 15.7 m · 3 fl. |
| 52063E0154/00D000 | Wallonia | 5.1 ha | 1 · 1,605 m² | 7.8 m · 2 fl. |
| 52006B0070/00D038 | Wallonia | 799 m² | 1 · 45 m² | 9.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,262 companies in sector 47300 we hold annual accounts for 945. 746 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-03-2010
Fiscal year end31-12
Activities, NACEBEL
47300Retail sale of automotive fuel
78200Temporary employment agencies and other provision of personnel
78300Employment activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.