MICHAEL LESTRADE
ActiveSummary
The computed 12-month bankruptcy probability of MICHAEL LESTRADE is 2.4% (moderate). The 2025 annual accounts show equity of €143k and a net result of €53k. Its solvency ranks better than 40% of 27965 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+2
Solvency63▲+20
Growth52
Track record82
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days only on tighter terms
Liquidity ample (current ratio 3.58 against 1.43 in 2024; short-term debt: 25.7% and cash: 38% of total assets), but 61.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more 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
38.4%
Return on assets
14.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
7 d early
2024
31 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Equity
€143k▲ 59.4%
2024 · €90k
Total assets
€372k▼ 26.5%
2024 · €506k
Net result
€53k▼ 17.6%
2024 · €65k
Working capital
€247k▲ 78.1%
2024 · €139k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€83k-€66k▼ 20.6%
Net result€65k-€53k▼ 17.6%
Equity€90k-€143k▲ 59.4%
Total assets€506k-€372k▼ 26.5%
Debt€416k-€229k▼ 45.0%
Working capital€139k-€247k▲ 78.1%
Staff (FTE)4.7-7.1▲ 51.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €372k
Fixed assets
€29k ▼ 34.6%
Current assets
€342k ▼ 25.7%
Equity and liabilities €372k
Equity
€143k ▲ 59.4%
Debt
€229k ▼ 45.0%
Debt's share of the balance-sheet total falls from 82.3% to 61.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83k▼
2024 · €98k
Cash flow
€70k▼
2024 · €80k
Current ratio
3.58▲
2024 · 1.43
Quick ratio
2.41▲
2024 · 0.91
Debt to equity
1.60▼
2024 · 4.64
ROE
37.3%▼
2024 · 72.1%
ROA
14.3%▲
2024 · 12.8%
Interest coverage
11.93▼
2024 · 18.29
Debt ≤ 1 year
€96k▼
2024 · €322k
Debt > 1 year
€133k▲
2024 · €94k
Income taxes
€6k▼
2024 · €13k
Staff costs
€240k▲
2024 · €130k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €130k | €240k | ▲ 85.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €17k | ▲ 9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €9k | €0 | ▼ 100% |
| Other operating charges640/8 | €1k | €2k | ▲ 63.0% |
| Non-recurring operating charges66A | - | €13k | - |
| Gross operating margin9900 | €238k | €338k | ▲ 41.9% |
| Operating profit (loss)9901 | €83k | €66k | ▼ 20.6% |
| Financial income75/76B | €6 | €17 | ▲ 180% |
| Recurring financial income75 | €6 | €17 | ▲ 180% |
| Financial charges65/66B | €5k | €7k | ▲ 29.0% |
| Recurring financial charges65 | €5k | €7k | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | €78k | €59k | ▼ 24.1% |
| Income taxes67/77 | €13k | €6k | ▼ 56.2% |
| Profit (loss) for the period9904 | €65k | €53k | ▼ 17.6% |
| Profit (loss) for the period to be appropriated9905 | €65k | €53k | ▼ 17.6% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €506k | €372k | ▼ 26.5% |
| Fixed assets21/28 | €45k | €29k | ▼ 34.6% |
| Intangible fixed assets21 | €2k | €1k | ▼ 24.5% |
| Tangible fixed assets22/27 | €43k | €28k | ▼ 34.3% |
| Plant, machinery and equipment23 | €19k | €15k | ▼ 16.5% |
| Furniture and vehicles24 | €24k | €12k | ▼ 48.0% |
| Financial fixed assets28 | €501 | €0 | ▼ 100% |
| Current assets29/58 | €461k | €342k | ▼ 25.7% |
| Stocks and contracts in progress3 | €167k | €112k | ▼ 33.0% |
| Stocks30/36 | €167k | €112k | ▼ 33.0% |
| Amounts receivable within one year40/41 | €196k | €87k | ▼ 55.7% |
| Trade receivables40 | €166k | €70k | ▼ 57.6% |
| Other amounts receivable41 | €30k | €16k | ▼ 45.4% |
| Cash at bank and in hand54/58 | €95k | €141k | ▲ 48.1% |
| Deferred charges and accrued income490/1 | €2k | €2k | ▲ 4.1% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €506k | €372k | ▼ 26.5% |
| Equity10/15 | €90k | €143k | ▲ 59.4% |
| Contributions10/11 | €25k | €25k | = |
| Reserves13 | €65k | €118k | ▲ 82.4% |
| Distributable reserves133 | €65k | €118k | ▲ 82.4% |
| Amounts payable17/49 | €416k | €229k | ▼ 45.0% |
| Amounts payable after more than one year17 | €94k | €133k | ▲ 42.6% |
| Financial debts170/4 | €94k | €85k | ▼ 9.1% |
| Other amounts payable178/9 | - | €48k | - |
| Amounts payable within one year42/48 | €322k | €96k | ▼ 70.4% |
| Current portion of amounts payable after more than one year42 | €14k | €9k | ▼ 37.3% |
| Financial debts43 | €4k | €11k | ▲ 185% |
| Credit institutions430/8 | €4k | €11k | ▲ 185% |
| Trade debts44 | €158k | €32k | ▼ 79.7% |
| Suppliers440/4 | €158k | €32k | ▼ 79.7% |
| Advances received on contracts in progress46 | €68k | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €41k | €44k | ▲ 7.0% |
| Taxes450/3 | €16k | €16k | ▲ 1.4% |
| Remuneration and social security454/9 | €25k | €28k | ▲ 10.4% |
| Other amounts payable47/48 | €38k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €391 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €65k | €53k | ▼ 17.6% |
| + Depreciation and write-downs630 | €15k | €17k | ▲ 9.5% |
| Operating cash flow (approximation) | €80k | €70k | ▼ 12.4% |
| Investment in fixed assets (approximation) | - | €-1k | - |
| Change in cash | - | €46k | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 3.58
Current ratio from 1.43 to 3.58; short-term debt falls from €322k to €96k.
31-12
Financial
Equity above €100kEq €143k ▲59.4%
2 profitable years in a row build equity to €143k.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
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, Mons · 1 establishment unit since 2024
Ground area
2,211 m²
Building footprint
109 m²
Volume, LiDAR
651 m³
Parcel 53030D0415/00Z003, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MICHAEL LESTRADE
since 20242.355.175.440
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030D0415/00Z003 | Wallonia | 2,211 m² | 1 · 109 m² | 7.8 m · 2 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.
Similar companies · same sector, comparable size
BARYART
BE 0536.514.126
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SECURCO
BE 0648.998.690
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Stef Jordens
BE 0542.775.970
Balen · Eq €142,768
BUERMAN
BE 0864.034.329
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J&T ELECTRICS
BE 0887.545.347
Lennik · Eq €142,743
Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,648 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
Founded31-01-2024
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
33200Installation of industrial machinery and equipment
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Contact
Scores and ratios are computed by Checked and are not a credit decision.