Michael DUCOMBLE
ActiveMichael DUCOMBLE has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €218k and a net result of €-739. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 7585 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-33
Solvency36▼-7
Growth82=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity tight (current ratio 1.06 against 1.1 in 2024), and 76.4% 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 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 7585 sector peers (2025).
NBB · sector comparisonPosition among 7585 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 10 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
30 d late
2022
29 d late
2021
8 d late
2020
6 d late
2019
54 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
09-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.58M▼ 12.6%
2022 · €1.81M
2018: €701k
2019: €722k
2020: €1.27M
2021: €1.23M
2022: €1.81M
2018 → 2024
EBIT margin
1.2%▼ 0.4pp
2022 · 1.6%
2018: -2.1%
2019: 3.7%
2020: 3.3%
2021: 3.0%
2022: 1.6%
2018 → 2024
Net result
€-739
2024 · €14k
2018: €-15k
2019: €21k
2020: €31k
2021: €42k
2022: €29k
2023: €36k
2024: €14k
2018 → 2025
Working capital
€40k▼ 17.6%
2024 · €49k
2018: €-12k
2019: €-445
2020: €-311
2021: €47k
2022: €24k
2023: €56k
2024: €49k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.23M-€1.81M▲ 46.9%€1.58M
Equity€140k-€169k▲ 20.6%€205k▲ 21.4%€219k▲ 6.8%€218k▼ 0.3%
Operating result€37k-€29k▼ 21.9%€58k▲ 99.3%€20k▼ 66.0%€7k▼ 66.8%
Net result€42k-€29k▼ 31.7%€36k▲ 25.5%€14k▼ 61.4%€-739
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 67% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €924k
Fixed assets
€244k▼ 8.6%
Current assets
€680k▲ 23.7%
Equity and liabilities €924k
Equity
€218k▼ 0.3%
Debt
€706k▲ 18.1%
The debt ratio rises from 73.2% to 76.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€110k▼
2024 · €123k
Cash flow
€103k▼
2024 · €117k
Solvency
23.6%▼
2024 · 26.8%
Current ratio
1.06▼
2024 · 1.10
Quick ratio
0.52▲
2024 · 0.40
Debt / equity
3.24▲
2024 · 2.73
ROE
-0.3%▼
2024 · 6.4%
ROA
-0.1%▼
2024 · 1.7%
Interest coverage
6.09▼
2024 · 7.99
Debt
€706k▲
2024 · €598k
Debt ≤ 1 year
€640k▲
2024 · €501k
Debt > 1 year
€61k▼
2024 · €94k
Income taxes
€756▼
2024 · €2k
Staff costs
€448k▲
2024 · €420k
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€817k€924k▲
Fixed assets21/28€267k€244k▼
Intangible fixed assets21€12k€8k▼
Tangible fixed assets22/27€255k€236k▼
Plant, machinery and equipment23€97k€135k▲
Furniture and vehicles24€142k€95k▼
Leasing and similar rights25€16k€5k▼
Current assets29/58€550k€680k▲
Stocks and contracts in progress3€349k€345k▼
Stocks30/36€157k€152k▼
Contracts in progress37€192k€192k=
Amounts receivable within one year40/41€174k€319k▲
Trade receivables40€92k€222k▲
Other amounts receivable41€82k€97k▲
Cash at bank and in hand54/58€0€0=
Deferred charges and accrued income490/1€27k€17k▼
Equity and liabilities
Total equity and liabilities10/49€817k€924k▲
Equity10/15€219k€218k▼
Contributions10/11€12k€12k=
Reserves13€22k€22k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€20k€20k=
Profit (loss) carried forward14€185k€184k▼
Amounts payable17/49€598k€706k▲
Amounts payable after more than one year17€94k€61k▼
Financial debts170/4€94k€61k▼
Amounts payable within one year42/48€501k€640k▲
Current portion of amounts payable after more than one year42€65k€63k▼
Financial debts43€105k€121k▲
Credit institutions430/8€105k€121k▲
Trade debts44€149k€286k▲
Suppliers440/4€149k€286k▲
Advances received on contracts in progress46€0€0=
Taxes, remuneration and social security45€132k€119k▼
Taxes450/3€60k€28k▼
Remuneration and social security454/9€71k€92k▲
Other amounts payable47/48€51k€51k▲
Accrued charges and deferred income492/3€3k€5k▲
Income statement
Code20242025
Turnover70€1.58M-
Goods, raw materials, services and sundry goods60/61€1.13M-
Remuneration, social security and pensions62€420k€448k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€104k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A€301€442▲
Gross operating margin9900€547k€563k▲
Operating profit (loss)9901€20k€7k▼
Financial income75/76B€11k€12k▲
Recurring financial income75€11k€12k▲
Financial charges65/66B€15k€18k▲
Recurring financial charges65€15k€18k▲
Profit (loss) for the period before taxes9903€16k€17▼
Income taxes67/77€2k€756▼
Profit (loss) for the period9904€14k€-739▼
Profit (loss) for the period to be appropriated9905€14k€-739▼
Appropriation of the result
Profit (loss) to be appropriated9906€185k€184k▼
Profit (loss) brought forward from the previous period14P€171k€185k▲
Transfer to equity691/2€0€0=
To the legal reserve6920€0€0=
Social balance
Average headcount (FTE)90875.86.0▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Equity above €200kEq €205k ▲21.4%
5 profitable years in a row build equity to €205k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Equity above €150kEq €169k ▲20.6%
4 profitable years in a row build equity to €169k.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 8 days late
2021
31-12
Financial
Highest result since 2018net €42k ▲38.1%
Net result €42k, the highest in the series.
31-12
Financial
Equity above €100kEq €140k ▲43.1%
3 profitable years in a row build equity to €140k.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 6 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 54 days late
2019
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
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, Amel · 1 establishment unit since 2015
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.
Amel,Heiderfeld 844770 Amel1 establishment unit
MICHAEL DUCOMBLE
since 20152.240.654.666
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Of 7,231 companies in sector 43350 we hold annual accounts for 2,333. 1,726 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-03-2015
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
43410Roofing work
43320Joinery installation
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filings
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.