MICHA REGUL
ActiveMICHA REGUL has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €100k and a net result of €19k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability57▲+42
Solvency89▼-11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.74 against 3.99 in 2023; short-term debt: 35.6% and cash: 6.4% of total assets), and 35.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
on the day
2022
31 d late
2021
31 d late
2020
on the day
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€100k▼ 5.7%
2023 · €106k
2018: €40k
2019: €57k
2020: €64k
2021: €90k
2022: €113k
2023: €106k
2018 → 2024
Total assets
€155k▲ 11.4%
2023 · €139k
2018: €64k
2019: €73k
2020: €108k
2021: €107k
2022: €178k
2023: €139k
2018 → 2024
Net result
€19k
2023 · €-4k
2018: €6k
2019: €16k
2020: €8k
2021: €29k
2022: €23k
2023: €-4k
2018 → 2024
Working capital
€96k▼ 3.2%
2023 · €100k
2018: €39k
2019: €55k
2020: €62k
2021: €86k
2022: €104k
2023: €100k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€64k-€90k▲ 39.5%€113k▲ 26.1%€106k▼ 6.4%€100k▼ 5.7%
Operating result€8k-€38k▲ 367%€30k▼ 21.0%€-6k€29k
Net result€8k-€29k▲ 277%€23k▼ 20.2%€-4k€19k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €29k after a loss of €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €155k
Fixed assets
€4k▼ 44.7%
Current assets
€152k▲ 14.1%
Equity and liabilities €155k
Equity
€100k▼ 5.7%
Debt
€55k▲ 65.9%
The debt ratio rises from 23.9% to 35.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32k▲
2023 · €-3k
Cash flow
€22k▲
2023 · €-733
Solvency
64.4%▼
2023 · 76.1%
Current ratio
2.74▼
2023 · 3.99
Quick ratio
2.70▼
2023 · 3.91
Debt / equity
0.55▲
2023 · 0.31
ROE
18.7%▲
2023 · -3.7%
ROA
12.1%▲
2023 · -2.8%
Interest coverage
2.73▲
2023 · -1.36
Debt
€55k▲
2023 · €33k
Debt ≤ 1 year
€55k▲
2023 · €33k
Income taxes
€6k▲
2023 · €-79
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€139k€155k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€3k▼
Plant, machinery and equipment23€2k€916▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€500€500=
Current assets29/58€133k€152k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€126k€139k▲
Trade receivables40€22k€33k▲
Other amounts receivable41€103k€105k▲
Cash at bank and in hand54/58€4k€10k▲
Deferred charges and accrued income490/1€1k€352▼
Equity and liabilities
Total equity and liabilities10/49€139k€155k▲
Equity10/15€106k€100k▼
Contributions10/11€19k-
Reserves13€81k€94k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€79k€94k▲
Profit (loss) carried forward14€6k€6k=
Amounts payable17/49€33k€55k▲
Amounts payable within one year42/48€33k€55k▲
Current portion of amounts payable after more than one year42€3k€3k▲
Financial debts43€13k€8k▼
Credit institutions430/8€13k€8k▼
Trade debts44€10k€33k▲
Suppliers440/4€10k€33k▲
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€8k€5k▼
Other amounts payable47/48-€6k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€432€948▲
Gross operating margin9900€-3k€33k▲
Operating profit (loss)9901€-6k€29k▲
Financial income75/76B€5k€7k▲
Recurring financial income75€5k€7k▲
Financial charges65/66B€2k€12k▲
Recurring financial charges65€2k€12k▲
Profit (loss) for the period before taxes9903€-4k€25k▲
Income taxes67/77€-79€6k▲
Profit (loss) for the period9904€-4k€19k▲
Profit (loss) for the period to be appropriated9905€-4k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€25k▲
Profit (loss) brought forward from the previous period14P€10k€6k▼
Transfer from equity791/2€3k€6k▲
Transfer to equity691/2-€19k
To other reserves6921-€19k
Profit to be distributed694/7€3k€6k▲
Return on contributions (dividend)694€3k€6k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-4k ▼117%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100kEq €113k ▲26.1%
5 profitable years in a row build equity to €113k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €29k ▲277%
Operating result €38k, net result €29k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 6.06
Current ratio from 2.44 to 6.06; short-term debt falls from €43k to €17k.
31-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sprimont · 1 establishment unit since 1987
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 du Cimetière 414140 SprimontGround area
657 m²
Building footprint
109 m²
Parcel 62100D0979/02E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Cimetière 41, 4140 Sprimont
since 19872.033.038.638
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62100D0979/02E000 | Wallonia | 657 m² | 1 · 109 m² | - |
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.
Similar companies · same sector, comparable size
JP CONFORT
BE 0755.940.301
Ans · Eq €100k
HENDRIK HUYSVELD
BE 0829.296.253
Stekene · Eq €100k
MAES TECHNIEKEN
BE 0843.332.252
Puurs-Sint-Amands · Eq €100k
VERHOEVEN PROJECTS
BE 0544.528.405
Mechelen · Eq €100k
Meeusen
BE 0760.545.920
Wuustwezel · Eq €100k
Of 9,524 companies in sector 43222 we hold annual accounts for 5,658. 4,903 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-01-1987
Fiscal year end31-12
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:micharegul@gmail.com
Phone:0477/22.01.024