MICHAEL GRENIER SERVICES
ActiveMICHAEL GRENIER SERVICES has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €176. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 92% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
81
/ 100
Excellent▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▼-17
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 3.49 against 6.3 in 2024), and 11.8% 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 · 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
88.2%
Return on assets
0.1%
Age of the figures
14 mo
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 · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-02-2026, 16 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
16 d late
2024
16 d late
2023
9 d late
2022
1 d early
2021
on the day
2020
9 d late
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€176▼ 96.7%
2024 · €5k
2019: €6k
2020: €13k
2021: €20k
2022: €8k
2023: €62k
2024: €5k
2019 → 2025
Working capital
€49k▼ 49.0%
2024 · €96k
2019: €35k
2020: €51k
2021: €62k
2022: €63k
2023: €89k
2024: €96k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€72k-€80k▲ 10.5%€142k▲ 78.4%€147k▲ 3.8%€147k▲ 0.1%
Operating result€28k-€13k▼ 53.9%€65k▲ 409%€23k▼ 64.0%€4k▼ 82.6%
Net result€20k-€8k▼ 63.2%€62k▲ 728%€5k▼ 91.4%€176▼ 96.7%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 83% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €167k
Fixed assets
€98k▲ 93.3%
Current assets
€69k▼ 39.9%
Equity and liabilities €167k
Equity
€147k▲ 0.1%
Debt
€20k▲ 8.7%
The debt ratio rises from 11.0% to 11.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€8k▼
2024 · €30k
Cash flow
€4k▼
2024 · €12k
Solvency
88.2%▼
2024 · 89.0%
Current ratio
3.49▼
2024 · 6.30
Quick ratio
3.49▼
2024 · 6.30
Debt / equity
0.13▲
2024 · 0.12
ROE
0.1%▼
2024 · 3.6%
ROA
0.1%▼
2024 · 3.2%
Interest coverage
1.96▼
2024 · 10.50
Debt
€20k▲
2024 · €18k
Debt ≤ 1 year
€20k▲
2024 · €18k
Staff costs
€485▲
2024 · €236
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€165k€167k▲
Fixed assets21/28€51k€98k▲
Tangible fixed assets22/27€12k€8k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€8k€6k▼
Financial fixed assets28€39k€90k▲
Current assets29/58€115k€69k▼
Amounts receivable within one year40/41€33k€47k▲
Trade receivables40€19k€30k▲
Other amounts receivable41€14k€17k▲
Cash at bank and in hand54/58€78k€20k▼
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€165k€167k▲
Equity10/15€147k€147k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€139k€139k▲
Amounts payable17/49€18k€20k▲
Amounts payable within one year42/48€18k€20k▲
Current portion of amounts payable after more than one year42€4k€2k▼
Trade debts44€2k€8k▲
Suppliers440/4€2k€8k▲
Taxes, remuneration and social security45€2k€2k▲
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€10k€8k▼
Income statement
Code20242025
Remuneration, social security and pensions62€236€485▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€4k€4k▼
Non-recurring operating charges66A€1k-
Gross operating margin9900€35k€13k▼
Operating profit (loss)9901€23k€4k▼
Financial income75/76B€215€1▼
Recurring financial income75€215€1▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€21k€176▼
Income taxes67/77€15k-
Profit (loss) for the period9904€5k€176▼
Profit (loss) for the period to be appropriated9905€5k€176▼
Appropriation of the result
Profit (loss) to be appropriated9906€139k€139k▲
Profit (loss) brought forward from the previous period14P€134k€139k▲
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
Next filing, fiscal year 2026, expected by
2026
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
30-06
Financial
Weakest financial yearnet €176 ▼96.7%
Net result drops to €176, the lowest in the series.
16-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
2024
09-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
30-06
Financial
Highest result since 2019net €62k ▲728%
Operating result €65k, net result €62k, both a record.
30-06
Financial
Liquidity triplescurrent ratio 3.20
Current ratio from 1.15 to 3.20; short-term debt falls from €430k to €41k.
30-06
Financial
Equity above €100kEq €142k ▲78.4%
5 profitable years in a row build equity to €142k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 55 days late
2016
20-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2025
DELOOZ Mélissa
CurrentDirector · since 01-09-2025
01-09-2025
Appointed as Director
Location & real-estate footprint
Registered office, Ramillies · 1 establishment unit since 2013
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 de Mont-St-André 281367 Ramillies1 establishment unit
Michael Grenier Services
since 20132.217.570.448
Similar companies · same sector, comparable size
VVE
BE 0758.446.364
Gembloux · Eq €148k
Stibegro
BE 0700.278.236
Diksmuide · Eq €148k
ALGEMEEN SLOOPBEDRIJF
BE 0667.783.929
Genk · Eq €147k
CELI ROBBY
BE 0787.799.257
Lokeren · Eq €148k
BETOPRO
BE 0632.536.208
Zonhoven · Eq €147k
Of 8,397 companies in sector 43120 we hold annual accounts for 3,204. 2,617 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2013
Fiscal year end30-06
Abbreviation FR
MG Services
Activities, NACEBEL
43120Site preparation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filings
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.