MICHAEL CLANCY
ActiveSummary
MICHAEL CLANCY has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €249k and a net result of €127k. Equity is growing by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 83% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 5.12 against 3.38 in 2024; short-term debt: 15.7% and cash: 72.8% of total assets), and 15.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
84.3%
Return on assets
43%
Age of the figures
17 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 30-10-2025, 31 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
31 d early
2024
3 d early
2023
on the day
2022
7 d late
2021
20 d early
2020
28 d early
2019
53 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close25-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€249k▲ 48.5%
2024 · €168k
2019: €-4klowest in 7 years
2020: €18k▲ +578% vs 2019
2021: €27k▲ +46.5% vs 2020
2022: €97k▲ +260% vs 2021
2023: €101k▲ +3.9% vs 2022
2024: €168k▲ +65.9% vs 2023
2025: €249k▲ +48.5% vs 2024highest in 7 years
2019 → 2025
Total assets
€295k▲ 42.7%
2024 · €207k
2019: €12klowest in 7 years
2020: €39k▲ +219% vs 2019
2021: €36k▼ -6.5% vs 2020
2022: €234k▲ +549% vs 2021
2023: €152k▼ -35.0% vs 2022
2024: €207k▲ +36.1% vs 2023
2025: €295k▲ +42.7% vs 2024highest in 7 years
2019 → 2025
Net result
€127k▲ 90.7%
2024 · €67k
2019: €-6klowest in 7 years
2020: €23k▲ +508% vs 2019
2021: €9k▼ -62.9% vs 2020
2022: €142k▲ +1551% vs 2021highest in 7 years
2023: €105k▼ -26.1% vs 2022
2024: €67k▼ -36.3% vs 2023
2025: €127k▲ +90.7% vs 2024
2019 → 2025
Working capital
€191k▲ 104%
2024 · €93k
2019: €-3klowest in 7 years
2020: €19k▲ +645% vs 2019
2021: €27k▲ +43.4% vs 2020
2022: €98k▲ +262% vs 2021
2023: €102k▲ +3.9% vs 2022
2024: €93k▼ -8.1% vs 2023
2025: €191k▲ +104% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€27k-€97k▲ 260%€101k▲ 3.9%€168k▲ 65.9%€249k▲ 48.5%
2021: €27klowest in 5 years
2022: €97k▲ +260% vs 2021
2023: €101k▲ +3.9% vs 2022
2024: €168k▲ +65.9% vs 2023
2025: €249k▲ +48.5% vs 2024highest in 5 years
Operating result€12k-€196k▲ 1,522%€136k▼ 30.5%€94k▼ 31.1%€161k▲ 71.9%
2021: €12klowest in 5 years
2022: €196k▲ +1522% vs 2021highest in 5 years
2023: €136k▼ -30.5% vs 2022
2024: €94k▼ -31.1% vs 2023
2025: €161k▲ +71.9% vs 2024
Net result€9k-€142k▲ 1,551%€105k▼ 26.1%€67k▼ 36.3%€127k▲ 90.7%
2021: €9klowest in 5 years
2022: €142k▲ +1551% vs 2021highest in 5 years
2023: €105k▼ -26.1% vs 2022
2024: €67k▼ -36.3% vs 2023
2025: €127k▲ +90.7% vs 2024
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 72% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €295k
Fixed assets
€58k ▼ 21.3%
Current assets
€237k ▲ 78.6%
Equity and liabilities €295k
Equity
€249k ▲ 48.5%
Debt
€46k ▲ 18.1%
Debt's share of the balance-sheet total falls from 18.9% to 15.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€177k▲
2024 · €98k
Cash flow
€143k▲
2024 · €71k
Current ratio
5.12▲
2024 · 3.38
Debt to equity
0.19▼
2024 · 0.23
ROE
51.0%▲
2024 · 39.7%
ROA
43.0%▲
2024 · 32.2%
Interest coverage
2168.52▲
2024 · 270.63
Debt ≤ 1 year
€46k▲
2024 · €39k
Income taxes
€35k▲
2024 · €27k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€207k€295k▲
Fixed assets21/28€74k€58k▼
Tangible fixed assets22/27€74k€58k▼
Plant, machinery and equipment23€1k€718▼
Furniture and vehicles24€73k€58k▼
Current assets29/58€133k€237k▲
Amounts receivable within one year40/41€12k€17k▲
Trade receivables40€0-
Other amounts receivable41€12k€17k▲
Cash at bank and in hand54/58€119k€215k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€207k€295k▲
Equity10/15€168k€249k▲
Contributions10/11€12k€12k=
Reserves13€155k€237k▲
Distributable reserves133€155k€237k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€39k€46k▲
Amounts payable within one year42/48€39k€46k▲
Trade debts44€0-
Suppliers440/4€0-
Taxes, remuneration and social security45€38k€46k▲
Taxes450/3€38k€46k▲
Other amounts payable47/48€800€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€16k▲
Other operating charges640/8€5k€481▼
Gross operating margin9900€103k€177k▲
Operating profit (loss)9901€94k€161k▲
Financial income75/76B€14€841▲
Recurring financial income75€14€841▲
Financial charges65/66B€363€82▼
Recurring financial charges65€363€82▼
Profit (loss) for the period before taxes9903€93k€162k▲
Income taxes67/77€27k€35k▲
Profit (loss) for the period9904€67k€127k▲
Profit (loss) for the period to be appropriated9905€67k€127k▲
Appropriation of the result
Profit (loss) to be appropriated9906€67k€127k▲
Transfer to equity691/2€67k€81k▲
To other reserves6921€67k€81k▲
Profit to be distributed694/7€0€46k▲
Return on contributions (dividend)694€0€46k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €5k | €16k | ▲ 248% |
| Other operating charges640/8 | - | €41 | €36 | €5k | €481 | ▼ 90.7% |
| Gross operating margin9900 | €12k | €196k | €136k | €103k | €177k | ▲ 71.6% |
| Operating profit (loss)9901 | €12k | €196k | €136k | €94k | €161k | ▲ 71.9% |
| Financial income75/76B | - | - | €0 | €14 | €841 | ▲ 5,861% |
| Recurring financial income75 | - | - | €0 | €14 | €841 | ▲ 5,861% |
| Financial charges65/66B | - | €113 | €45 | €363 | €82 | ▼ 77.5% |
| Recurring financial charges65 | €65 | €113 | €45 | €363 | €82 | ▼ 77.5% |
| Profit (loss) for the period before taxes9903 | €12k | €196k | €136k | €93k | €162k | ▲ 73.4% |
| Income taxes67/77 | €3k | €54k | €31k | €27k | €35k | ▲ 30.1% |
| Profit (loss) for the period9904 | €9k | €142k | €105k | €67k | €127k | ▲ 90.7% |
| Profit (loss) for the period to be appropriated9905 | €9k | €142k | €105k | €67k | €127k | ▲ 90.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36k | €234k | €152k | €207k | €295k | ▲ 42.7% |
| Fixed assets21/28 | - | - | - | €74k | €58k | ▼ 21.3% |
| Tangible fixed assets22/27 | - | - | - | €74k | €58k | ▼ 21.3% |
| Plant, machinery and equipment23 | - | - | - | €1k | €718 | ▼ 31.5% |
| Furniture and vehicles24 | - | - | - | €73k | €58k | ▼ 21.2% |
| Current assets29/58 | €36k | €234k | €152k | €133k | €237k | ▲ 78.6% |
| Amounts receivable within one year40/41 | €8k | €5k | €6k | €12k | €17k | ▲ 37.5% |
| Trade receivables40 | - | - | €197 | €0 | - | - |
| Other amounts receivable41 | - | €5k | €6k | €12k | €17k | ▲ 37.5% |
| Cash at bank and in hand54/58 | €28k | €229k | €138k | €119k | €215k | ▲ 81.3% |
| Deferred charges and accrued income490/1 | - | - | €8k | €2k | €5k | ▲ 193% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36k | €234k | €152k | €207k | €295k | ▲ 42.7% |
| Equity10/15 | €27k | €97k | €101k | €168k | €249k | ▲ 48.5% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €15k | €85k | €89k | €155k | €237k | ▲ 52.4% |
| Distributable reserves133 | - | €85k | €89k | €155k | €237k | ▲ 52.4% |
| Profit (loss) carried forward14 | €-16k | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €9k | €137k | €51k | €39k | €46k | ▲ 18.1% |
| Amounts payable within one year42/48 | €9k | €136k | €50k | €39k | €46k | ▲ 18.1% |
| Trade debts44 | - | €484 | €514 | €0 | - | - |
| Suppliers440/4 | - | €484 | €514 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €63k | €49k | €38k | €46k | ▲ 20.5% |
| Taxes450/3 | - | €63k | €49k | €38k | €46k | ▲ 20.5% |
| Other amounts payable47/48 | - | €72k | €800 | €800 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €490 | €467 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €142k | €105k | €67k | €127k | ▲ 90.7% |
| + Depreciation and write-downs630 | - | - | - | €5k | €16k | ▲ 248% |
| Operating cash flow (approximation) | €9k | €142k | €105k | €71k | €143k | ▲ 101% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | €201k | €-92k | €-19k | €96k | ▲ 605% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-04
Financial
Equity above €200kEq €249k ▲48.5%
6 profitable years in a row build equity to €249k.
2024
27-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-04
Financial
Equity above €150kEq €168k ▲65.9%
5 profitable years in a row build equity to €168k.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-04
Financial
Equity above €100kEq €101k ▲3.9%
4 profitable years in a row build equity to €101k.
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
30-04
Financial
Highest result since 2019net €142k ▲1,551%
Operating result €196k, net result €142k, both a record.
2021
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-04
Financial
Liquidity doublescurrent ratio 4.00
Current ratio from 1.96 to 4.00; short-term debt falls from €20k to €9k.
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-04
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
Show earlier events
30-04
Financial
Liquidity triplescurrent ratio 1.96
Current ratio from 0.78 to 1.96.
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Rixensart · 1 establishment unit since 2017
Ground area
2,070 m²
Building footprint
51 m²
Volume, LiDAR
437 m³
Parcel 25091C0203/00A000, Wallonia · tallest building 14.0 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MICHAEL CLANCY
since 20172.264.184.589
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091C0203/00A000 | Wallonia | 2,070 m² | 1 · 51 m² | 14.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 6,986 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-05-2017
Fiscal year end30-04
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.