Michaël Hick Architecte
ActiveSummary
Michaël Hick Architecte has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €349k and a net result of €66k. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▼-3
Solvency85▼-15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.21 against 5.61 in 2023; short-term debt: 39.7% and cash: 56.8% of total assets), and 39.7% 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 20-06-2025, 41 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
74 d early
2022
18 d early
2021
4 d early
2020
31 d late
2019
145 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€349k▼ 24.7%
2023 · €463k
2019: €119klowest in 6 years
2020: €198k▲ +66.9% vs 2019
2021: €298k▲ +50.7% vs 2020
2022: €388k▲ +30.2% vs 2021
2023: €463k▲ +19.5% vs 2022highest in 6 years
2024: €349k▼ -24.7% vs 2023
2019 → 2024
Total assets
€579k▲ 6.4%
2023 · €544k
2019: €210klowest in 6 years
2020: €331k▲ +57.6% vs 2019
2021: €414k▲ +25.1% vs 2020
2022: €489k▲ +18.4% vs 2021
2023: €544k▲ +11.2% vs 2022
2024: €579k▲ +6.4% vs 2023highest in 6 years
2019 → 2024
Net result
€66k▼ 13.3%
2023 · €76k
2019: €115khighest in 6 years
2020: €79k▼ -30.8% vs 2019
2021: €100k▲ +26.4% vs 2020
2022: €90k▼ -10.3% vs 2021
2023: €76k▼ -15.9% vs 2022
2024: €66k▼ -13.3% vs 2023lowest in 6 years
2019 → 2024
Working capital
€278k▼ 25.2%
2023 · €372k
2019: €68klowest in 6 years
2020: €153k▲ +124% vs 2019
2021: €259k▲ +69.1% vs 2020
2022: €355k▲ +37.1% vs 2021
2023: €372k▲ +4.8% vs 2022highest in 6 years
2024: €278k▼ -25.2% vs 2023
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€198k-€298k▲ 50.7%€388k▲ 30.2%€463k▲ 19.5%€349k▼ 24.7%
2020: €198klowest in 5 years
2021: €298k▲ +50.7% vs 2020
2022: €388k▲ +30.2% vs 2021
2023: €463k▲ +19.5% vs 2022highest in 5 years
2024: €349k▼ -24.7% vs 2023
Operating result€100k-€128k▲ 27.8%€117k▼ 8.8%€100k▼ 14.5%€82k▼ 18.0%
2020: €100k
2021: €128k▲ +27.8% vs 2020highest in 5 years
2022: €117k▼ -8.8% vs 2021
2023: €100k▼ -14.5% vs 2022
2024: €82k▼ -18.0% vs 2023lowest in 5 years
Net result€79k-€100k▲ 26.4%€90k▼ 10.3%€76k▼ 15.9%€66k▼ 13.3%
2020: €79k
2021: €100k▲ +26.4% vs 2020highest in 5 years
2022: €90k▼ -10.3% vs 2021
2023: €76k▼ -15.9% vs 2022
2024: €66k▼ -13.3% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 18% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €579k
Fixed assets
€71k ▼ 22.5%
Current assets
€508k ▲ 12.2%
Equity and liabilities €579k
Equity
€349k ▼ 24.7%
Debt
€230k ▲ 185%
Debt's share of the balance-sheet total rises from 14.8% to 39.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€103k▼
2023 · €117k
Cash flow
€86k▼
2023 · €93k
Current ratio
2.21▼
2023 · 5.61
Debt to equity
0.66▲
2023 · 0.17
ROE
18.8%▲
2023 · 16.3%
ROA
11.3%▼
2023 · 13.9%
Interest coverage
468.75▼
2023 · 632.14
Debt ≤ 1 year
€230k▲
2023 · €81k
Income taxes
€19k▼
2023 · €24k
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€544k€579k▲
Fixed assets21/28€92k€71k▼
Tangible fixed assets22/27€92k€71k▼
Furniture and vehicles24€64k€48k▼
Other tangible fixed assets26€28k€23k▼
Current assets29/58€452k€508k▲
Amounts receivable within one year40/41€5k€28k▲
Trade receivables40€5k€27k▲
Other amounts receivable41€4€2k▲
Current investments50/53€100k€150k▲
Cash at bank and in hand54/58€347k€329k▼
Deferred charges and accrued income490/1€647€638▼
Equity and liabilities
Total equity and liabilities10/49€544k€579k▲
Equity10/15€463k€349k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€459k€345k▼
Amounts payable17/49€81k€230k▲
Amounts payable within one year42/48€81k€230k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€57k€42k▼
Taxes450/3€57k€39k▼
Remuneration and social security454/9€0€3k▲
Other amounts payable47/48€19k€184k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€21k▲
Other operating charges640/8€3k€896▼
Gross operating margin9900€121k€103k▼
Operating profit (loss)9901€100k€82k▼
Financial income75/76B€0€3k▲
Recurring financial income75€0€3k▲
Financial charges65/66B€186€219▲
Recurring financial charges65€186€219▲
Profit (loss) for the period before taxes9903€100k€85k▼
Income taxes67/77€24k€19k▼
Profit (loss) for the period9904€76k€66k▼
Profit (loss) for the period to be appropriated9905€76k€66k▼
Appropriation of the result
Profit (loss) to be appropriated9906€459k€525k▲
Profit (loss) brought forward from the previous period14P€384k€459k▲
Profit to be distributed694/7-€180k
Return on contributions (dividend)694-€180k
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €6k | €18k | €21k | ▲ 17.6% |
| Other operating charges640/8 | - | €348 | €348 | €3k | €896 | ▼ 73.1% |
| Gross operating margin9900 | €107k | €135k | €123k | €121k | €103k | ▼ 14.3% |
| Operating profit (loss)9901 | €100k | €128k | €117k | €100k | €82k | ▼ 18.0% |
| Financial income75/76B | - | €50 | - | €0 | €3k | ▲ 32,000,200% |
| Recurring financial income75 | - | €50 | - | €0 | €3k | ▲ 32,000,200% |
| Financial charges65/66B | - | €164 | €195 | €186 | €219 | ▲ 17.8% |
| Recurring financial charges65 | €138 | €164 | €195 | €186 | €219 | ▲ 17.8% |
| Profit (loss) for the period before taxes9903 | €100k | €128k | €117k | €100k | €85k | ▼ 14.8% |
| Income taxes67/77 | €21k | €28k | €27k | €24k | €19k | ▼ 19.7% |
| Profit (loss) for the period9904 | €79k | €100k | €90k | €76k | €66k | ▼ 13.3% |
| Profit (loss) for the period to be appropriated9905 | €79k | €100k | €90k | €76k | €66k | ▼ 13.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €331k | €414k | €489k | €544k | €579k | ▲ 6.4% |
| Fixed assets21/28 | €45k | €39k | €33k | €92k | €71k | ▼ 22.5% |
| Tangible fixed assets22/27 | €45k | €39k | €33k | €92k | €71k | ▼ 22.5% |
| Furniture and vehicles24 | - | €1k | €341 | €64k | €48k | ▼ 24.4% |
| Other tangible fixed assets26 | - | €38k | €33k | €28k | €23k | ▼ 18.2% |
| Current assets29/58 | €286k | €374k | €456k | €452k | €508k | ▲ 12.2% |
| Amounts receivable within one year40/41 | €12k | €51k | €58k | €5k | €28k | ▲ 508% |
| Trade receivables40 | - | €51k | €58k | €5k | €27k | ▲ 474% |
| Other amounts receivable41 | - | €21 | €48 | €4 | €2k | ▲ 37,780% |
| Current investments50/53 | - | - | - | €100k | €150k | ▲ 50.0% |
| Cash at bank and in hand54/58 | €274k | €324k | €398k | €347k | €329k | ▼ 5.3% |
| Deferred charges and accrued income490/1 | - | - | - | €647 | €638 | ▼ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €331k | €414k | €489k | €544k | €579k | ▲ 6.4% |
| Equity10/15 | €198k | €298k | €388k | €463k | €349k | ▼ 24.7% |
| Contributions10/11 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €194k | €294k | €384k | €459k | €345k | ▼ 24.9% |
| Amounts payable17/49 | €133k | €116k | €102k | €81k | €230k | ▲ 185% |
| Amounts payable within one year42/48 | €133k | €116k | €101k | €81k | €230k | ▲ 185% |
| Trade debts44 | €568 | €51k | €1k | €5k | €4k | ▼ 7.5% |
| Suppliers440/4 | - | €51k | €1k | €5k | €4k | ▼ 7.5% |
| Taxes, remuneration and social security45 | - | €53k | €71k | €57k | €42k | ▼ 27.1% |
| Taxes450/3 | - | €53k | €62k | €57k | €39k | ▼ 32.4% |
| Remuneration and social security454/9 | - | - | €9k | €0 | €3k | - |
| Other amounts payable47/48 | - | €11k | €29k | €19k | €184k | ▲ 878% |
| Accrued charges and deferred income492/3 | - | - | €160 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79k | €100k | €90k | €76k | €66k | ▼ 13.3% |
| + Depreciation and write-downs630 | €6k | €6k | €6k | €18k | €21k | ▲ 17.6% |
| Operating cash flow (approximation) | €85k | €106k | €96k | €93k | €86k | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | €-708 | €0 | €-76k | €0 | ▲ 100% |
| Change in cash | - | €50k | €74k | €-51k | €-18k | ▲ 64.0% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €66k ▼13.3%
Net result drops to €66k, the lowest in the series.
18-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €298k ▲50.7%
3 profitable years in a row build equity to €298k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €198k ▲66.9%
2 profitable years in a row build equity to €198k.
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 145 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Fléron · 1 establishment unit since 2019
Ground area
327 m²
Building footprint
46 m²
Volume, LiDAR
116 m³
Parcel 62038A0229/00D000, Wallonia · tallest building 4.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Michaël Hick Architecte
since 20192.374.749.842
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62038A0229/00D000indicative | Wallonia | 327 m² | 1 · 46 m² | 4.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
0 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 18,255 companies in sector 71111 we hold annual accounts for 6,323. 4,514 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
Founded01-07-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
71112Activities of interior architects
71113Urban planning and landscape architecture
Scores and ratios are computed by Checked and are not a credit decision.