MICHAEL PHIL
ActiveSummary
MICHAEL PHIL has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149,593 and a net result of €1,319. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 58% of 1885 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+4
Solvency72▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.24 against 0.18 in 2024; short-term debt: 27.2% and cash: 3.1% of total assets), and 53.5% of the assets are financed with debt.
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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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
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
46.5%
Return on assets
0.4%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
1 d early
2023
20 d late
2022
17 d late
2021
2 d early
2020
26 d early
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
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. Usually files around 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 oldest company in Sint-Lambrechts-Woluwe, Transport and storage sector#6 company by equity in Sint-Lambrechts-Woluwe, Transport and storage sector#7 company by total assets in Sint-Lambrechts-Woluwe, Transport and storage sector
Equity
€149,593▲ 0.9%
2024 · €148,274
Total assets
€321,502▼ 6.0%
2024 · €342,027
Net result
€1,319
2024 · -€1,476
Working capital
-€66,697▲ 19.1%
2024 · -€82,396
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,184▲ 65.3%€27,417▼ 28.2%€17,376▼ 36.6%€5,500▼ 68.3%€6,444▲ 17.2%
Net result€23,381above the sector's middle half▲ 88.8%€17,607within the sector's middle half▼ 24.7%€10,240within the sector's middle half▼ 41.8%-€1,476within the sector's middle half€1,319within the sector's middle half
Equity€121,903above the sector's middle half▲ 23.7%€139,510above the sector's middle half▲ 14.4%€149,750above the sector's middle half▲ 7.3%€148,274above the sector's middle half▼ 1.0%€149,593within the sector's middle half▲ 0.9%
Total assets€281,908above the sector's middle half▼ 7.3%€293,408above the sector's middle half▲ 4.1%€371,327above the sector's middle half▲ 26.6%€342,027above the sector's middle half▼ 7.9%€321,502within the sector's middle half▼ 6.0%
Debt€152,333▼ 23.0%€146,226▼ 4.0%€213,905▲ 46.3%€186,082▼ 13.0%€164,237▼ 11.7%
Working capital-€75,109below the sector's middle half▲ 30.4%-€84,309below the sector's middle half▼ 12.2%-€89,536below the sector's middle half▼ 6.2%-€82,396below the sector's middle half▲ 8.0%-€66,697below the sector's middle half▲ 19.1%
Solvency43.2%within the sector's middle half▲ 10.8pp47.5%within the sector's middle half▲ 4.3pp40.3%within the sector's middle half▼ 7.2pp43.4%within the sector's middle half▲ 3.0pp46.5%within the sector's middle half▲ 3.2pp
Current ratio0.16below the sector's middle half▲ 0.120.14below the sector's middle half▼ 0.030.17below the sector's middle half▲ 0.030.18below the sector's middle half▲ 0.010.24below the sector's middle half▲ 0.06
Return on assets (ROA)8.3%within the sector's middle half▲ 4.2pp6.0%within the sector's middle half▼ 2.3pp2.8%within the sector's middle half▼ 3.2pp-0.4%within the sector's middle half▼ 3.2pp0.4%within the sector's middle half▲ 0.8pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €321,502
Fixed assets
€300,817 ▼ 7.3%
Current assets
€20,685 ▲ 17.7%
Equity and liabilities €321,502
Equity
€149,593 ▲ 0.9%
Provisions
€7,672 =
Debt
€164,237 ▼ 11.7%
Debt's share of the balance-sheet total falls from 54.4% to 51.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,073▼
2024 · €34,509
Cash flow
€24,949▼
2024 · €27,532
Debt to equity
1.10▼
2024 · 1.25
ROE
0.9%▲
2024 · -1.0%
Interest coverage
7.54▲
2024 · 5.56
Debt ≤ 1 year
€87,382▼
2024 · €99,976
Debt > 1 year
€75,395▼
2024 · €81,729
Income taxes
€1,138▲
2024 · €765
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,027 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,587 | €25,180 | €26,774 | €29,009 | €23,630 | ▼ 18.5% |
| Other operating charges640/8 | €6,802 | €8,473 | €9,169 | €9,532 | €9,827 | ▲ 3.1% |
| Gross operating margin9900 | €65,573 | €61,070 | €53,319 | €44,040 | €39,900 | ▼ 9.4% |
| Operating profit (loss)9901 | €38,184 | €27,417 | €17,376 | €5,500 | €6,444 | ▲ 17.2% |
| Financial income75/76B | €1 | €10 | €0 | €0 | - | - |
| Recurring financial income75 | €1 | €10 | €0 | €0 | - | - |
| Financial charges65/66B | €4,917 | €3,808 | €3,349 | €6,211 | €3,987 | ▼ 35.8% |
| Recurring financial charges65 | €4,917 | €3,808 | €3,349 | €6,211 | €3,987 | ▼ 35.8% |
| Profit (loss) for the period before taxes9903 | €33,268 | €23,619 | €14,028 | -€711 | €2,457 | ▲ 446% |
| Income taxes67/77 | €9,887 | €6,012 | €3,788 | €765 | €1,138 | ▲ 48.7% |
| Profit (loss) for the period9904 | €23,381 | €17,607 | €10,240 | -€1,476 | €1,319 | ▲ 189% |
| Transfer from tax-exempt reserves789 | €2,000 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €25,381 | €17,607 | €10,240 | -€1,476 | €1,319 | ▲ 189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €281,908 | €293,408 | €371,327 | €342,027 | €321,502 | ▼ 6.0% |
| Fixed assets21/28 | €267,325 | €280,230 | €353,455 | €324,447 | €300,817 | ▼ 7.3% |
| Tangible fixed assets22/27 | €267,325 | €280,230 | €353,455 | €324,447 | €300,817 | ▼ 7.3% |
| Land and buildings22 | €241,511 | €230,499 | €320,454 | €307,514 | €294,574 | ▼ 4.2% |
| Furniture and vehicles24 | €8,705 | €31,790 | €19,519 | €7,909 | €1,678 | ▼ 78.8% |
| Other tangible fixed assets26 | €17,109 | €17,940 | €13,481 | €9,023 | €4,564 | ▼ 49.4% |
| Current assets29/58 | €14,583 | €13,178 | €17,871 | €17,580 | €20,685 | ▲ 17.7% |
| Amounts receivable within one year40/41 | €9,438 | €9,716 | €10,238 | €8,391 | €10,089 | ▲ 20.2% |
| Trade receivables40 | €9,438 | €9,716 | €9,026 | €8,391 | €9,716 | ▲ 15.8% |
| Other amounts receivable41 | - | - | €1,212 | - | €373 | - |
| Cash at bank and in hand54/58 | €5,145 | €3,462 | €7,634 | €8,637 | €10,007 | ▲ 15.9% |
| Deferred charges and accrued income490/1 | - | - | - | €552 | €588 | ▲ 6.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €281,908 | €293,408 | €371,327 | €342,027 | €321,502 | ▼ 6.0% |
| Equity10/15 | €121,903 | €139,510 | €149,750 | €148,274 | €149,593 | ▲ 0.9% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €8,778 | €9,112 | €9,112 | €9,112 | €9,112 | = |
| Non-distributable reserves130/1 | €5,816 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €5,816 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | €2,962 | €2,962 | €2,962 | €2,962 | €2,962 | = |
| Profit (loss) carried forward14 | €51,625 | €68,898 | €79,138 | €77,661 | €78,980 | ▲ 1.7% |
| Provisions and deferred taxes16 | €7,672 | €7,672 | €7,672 | €7,672 | €7,672 | = |
| Provisions for liabilities and charges160/5 | €7,672 | €7,672 | €7,672 | €7,672 | €7,672 | = |
| Major repairs and maintenance162 | €7,672 | €7,672 | €7,672 | €7,672 | €7,672 | = |
| Amounts payable17/49 | €152,333 | €146,226 | €213,905 | €186,082 | €164,237 | ▼ 11.7% |
| Amounts payable after more than one year17 | €58,315 | €44,362 | €102,121 | €81,729 | €75,395 | ▼ 7.7% |
| Financial debts170/4 | €58,315 | €44,362 | €102,121 | €81,729 | €75,395 | ▼ 7.7% |
| Amounts payable within one year42/48 | €89,692 | €97,487 | €107,407 | €99,976 | €87,382 | ▼ 12.6% |
| Current portion of amounts payable after more than one year42 | €32,392 | €33,046 | €38,798 | €23,137 | €7,017 | ▼ 69.7% |
| Trade debts44 | €4,507 | €3,403 | €5,023 | €8,585 | €5,525 | ▼ 35.6% |
| Suppliers440/4 | €4,507 | €3,403 | €5,023 | €8,585 | €5,525 | ▼ 35.6% |
| Taxes, remuneration and social security45 | €3,764 | €6,389 | €1,798 | €2,346 | €2,158 | ▼ 8.0% |
| Taxes450/3 | €3,764 | €6,389 | €1,798 | €2,346 | €2,158 | ▼ 8.0% |
| Other amounts payable47/48 | €49,029 | €54,649 | €61,788 | €65,907 | €72,682 | ▲ 10.3% |
| Accrued charges and deferred income492/3 | €4,326 | €4,377 | €4,377 | €4,377 | €1,460 | ▼ 66.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,381 | €17,607 | €10,240 | -€1,476 | €1,319 | ▲ 189% |
| + Depreciation and write-downs630 | €20,587 | €25,180 | €26,774 | €29,009 | €23,630 | ▼ 18.5% |
| Operating cash flow (approximation) | €43,968 | €42,787 | €37,014 | €27,532 | €24,949 | ▼ 9.4% |
| Investment in fixed assets (approximation) | - | -€38,085 | -€100,000 | €0 | €0 | - |
| Change in cash | - | -€1,683 | €4,172 | €1,004 | €1,370 | ▲ 36.5% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €1,319
Net result €1,319 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€1,476
Net result drops to -€1,476, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €23,381 ▲88.8%
Operating result €38,184, net result €23,381, both a record.
31-12
Financial
Equity above €100,000Eq €121,903 ▲23.7%
4 profitable years in a row build equity to €121,903.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Sint-Lambrechts-Woluwe · 2 establishment units since 1992
Ground area
298 m²
Building footprint
175 m²
Volume, LiDAR
1,935 m³
2 parcels, Brussels · tallest building 14.7 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
Herbert Hooverlaan 243, 1200 Sint-Lambrechts-Woluwe
since 19922.058.590.715
Erfprinslaan 164, 1200 Sint-Lambrechts-Woluwe
since 19982.058.590.814
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21673D0087/00S040 | Brussels | 158 m² | 1 · 78 m² | 12.0 m · 3 fl. |
| 21673D0152/00M004 | Brussels | 140 m² | 1 · 97 m² | 14.7 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
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 12,584 companies in sector 49410 we hold annual accounts for 8,203. 6,362 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
49420Removal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447770608
Also
9925:BE0447770608
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.