MICHAEL HOMERIN
ActiveMICHAEL HOMERIN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-396k) and a net result of €-474k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 6% of 2176 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
22
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-4
Solvency0▼-30
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 1.01 in 2024; short-term debt: 96.1% and cash: 9.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Nine 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 41
Relative position
BE, all sectors
reference
Sector 41
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-34.1%
Return on assets
-40.9%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-396k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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
41 d late
2024
68 d late
2023
175 d late
2022
114 d late
2021
61 d late
2020
30 d late
2019
82 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-474k▼ 169%
2024 · €-176k
2018: €-45k
2019: €103k
2020: €25k
2021: €27k
2022: €38k
2023: €27k
2024: €-176k
2018 → 2025
Working capital
€-455k
2024 · €11k
2018: €47k
2019: €69k
2020: €96k
2021: €16k
2022: €174k
2023: €194k
2024: €11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€201k-€227k▲ 12.7%€254k▲ 11.9%€78k▼ 69.3%€-396k
Operating result€38k-€55k▲ 45.5%€73k▲ 33.2%€-154k€-463k▼ 201%
Net result€27k-€38k▲ 41.4%€27k▼ 28.0%€-176k€-474k▼ 169%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €463k in 2025 against €154k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€501k▼ 6.2%
Current assets
€659k▼ 28.0%
Key figures and ratios
EBITDA
€-377k▼
2024 · €-69k
Cash flow
€-388k▼
2024 · €-91k
Solvency
-34.1%▼
2024 · 5.4%
Current ratio
0.59▼
2024 · 1.01
Quick ratio
0.56▼
2024 · 0.96
Debt / equity
-3.93▼
2024 · 17.58
ROA
-40.9%▼
2024 · -12.1%
Interest coverage
-13.74▼
2024 · -2.94
Debt
€1.56M▲
2024 · €1.37M
Debt ≤ 1 year
€1.11M▲
2024 · €905k
Debt > 1 year
€442k▼
2024 · €467k
Income taxes
€393▼
2024 · €428
Staff costs
€1.94M▼
2024 · €2.01M
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€1.45M€1.16M▼
Fixed assets21/28€534k€501k▼
Tangible fixed assets22/27€534k€501k▼
Land and buildings22€381k€382k▲
Plant, machinery and equipment23€20k€13k▼
Furniture and vehicles24€133k€106k▼
Financial fixed assets28€259€259=
Current assets29/58€916k€659k▼
Stocks and contracts in progress3€46k€40k▼
Stocks30/36€46k€40k▼
Amounts receivable within one year40/41€665k€462k▼
Trade receivables40€522k€452k▼
Other amounts receivable41€143k€11k▼
Cash at bank and in hand54/58€203k€115k▼
Deferred charges and accrued income490/1€2k€42k▲
Equity and liabilities
Total equity and liabilities10/49€1.45M€1.16M▼
Equity10/15€78k€-396k▼
Contributions10/11€20k€20k=
Reserves13€234k€234k=
Distributable reserves133€234k€234k=
Profit (loss) carried forward14€-176k€-650k▼
Amounts payable17/49€1.37M€1.56M▲
Amounts payable after more than one year17€467k€442k▼
Financial debts170/4€465k€440k▼
Other amounts payable178/9€2k€2k=
Amounts payable within one year42/48€905k€1.11M▲
Current portion of amounts payable after more than one year42€60k€103k▲
Trade debts44€502k€615k▲
Suppliers440/4€502k€615k▲
Taxes, remuneration and social security45€343k€396k▲
Taxes450/3€34k€28k▼
Remuneration and social security454/9€309k€368k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2.01M€1.94M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€86k▲
Other operating charges640/8€39k€168k▲
Non-recurring operating charges66A€1k€-146▼
Gross operating margin9900€1.98M€1.73M▼
Operating profit (loss)9901€-154k€-463k▼
Financial income75/76B€2k€16k▲
Recurring financial income75€2k€16k▲
Financial charges65/66B€24k€27k▲
Recurring financial charges65€24k€27k▲
Profit (loss) for the period before taxes9903€-176k€-474k▼
Income taxes67/77€428€393▼
Profit (loss) for the period9904€-176k€-474k▼
Profit (loss) for the period to be appropriated9905€-176k€-474k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-176k€-650k▼
Profit (loss) brought forward from the previous period14P€45€-176k▼
Social balance
Average headcount (FTE)908747.0-
The notes to these accounts (12 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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 41 days late
2025
31-12
Financial
Weakest financial yearnet €-474k
Net result drops to €-474k, the lowest in the series.
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 68 days late
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 175 days late
2023
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 114 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial
Equity above €200kEq €201k ▲15.3%
3 profitable years in a row build equity to €201k.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €150kEq €175k ▲16.7%
2 profitable years in a row build equity to €175k.
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
31-12
Financial
Back to profitnet €103k
Net result €103k after one loss-making year.
31-12
Financial
Equity above €100kEq €150k ▲219%
Equity rises from €47k to €150k.
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-07
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
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, Bernissart · 2 establishment units since 1995
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 Emile Carlier (BLA) 757321 BernissartGround area
2,622 m²
Building footprint
272 m²
Volume, LiDAR
1,907 m³
2 parcels, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
MICHAEL HOMERIN
since 19952.070.153.808
MICHAEL HOMERIN
since 20232.345.383.388
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57015A0157/00K000 | Wallonia | 1,609 m² | 1 · 168 m² | 8.5 m · 2 fl. |
| 57009B0975/00D002 | Wallonia | 1,013 m² | 1 · 103 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 13,207 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-1994
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43910Bricklaying and masonry work
43994Specialised construction activities
45211
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.