MICHAEL PROJECTS
MICHAEL PROJECTS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71k and a net result of €5k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 33% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
| Equity | €71k |
| Net result | €5k |
| Better than sector | 33% |
| Active | 11 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 31.8% | 47.4% | |
| Net result | €5k | €10k | |
| Equity | €71k | €60k | |
| Gross operating margin | €21k | €39k | |
| Total assets | €224k | €141k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €17k | €9k | €4k | €47k |
| Net profit | €5k | €2k | €436 | €33k |
| Cash flow | €14k | €5k | €4k | €37k |
| Staff costs | - | - | - | - |
| Income taxes | €946 | €1k | €520 | €9k |
| Dividends | - | - | - | - |
| Total assets | €224k | €119k | €83k | €104k |
| Equity | €71k | €66k | €64k | €64k |
| Debt | €153k | €52k | €19k | €40k |
| of which ≤ 1y | €128k | €42k | €19k | €40k |
| of which > 1y | €25k | - | - | - |
| Working capital | €30k | €69k | €59k | €57k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.23 | 2.64 | 4.14 | 2.43 |
| Quick ratio | 1.23 | 2.64 | 4.14 | 2.43 |
| Working capital ratio | 13.2% | 58.6% | 70.4% | 54.7% |
| Solvency | 31.8% | 55.9% | 77.6% | 61.7% |
| Debt / equity | 2.15 | 0.79 | 0.29 | 0.62 |
| Long-term debt ratio | 0.35 | - | - | - |
| Interest coverage | 7.38 | 3.47 | 5.44 | 37.55 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.2% | 1.6% | 0.5% | 31.5% |
| ROE | 6.8% | 2.8% | 0.7% | 51.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €224k | €119k | €83k | €104k |
| Fixed assets | 21/28 | €66k | €7k | €6k | €7k |
| Tangible fixed assets | 22/27 | €65k | €6k | €5k | €6k |
| Financial fixed assets | 28 | €1k | €1k | €1k | €1k |
| Current assets | 29/58 | €158k | €112k | €77k | €96k |
| Amounts receivable within one year | 40/41 | €126k | €99k | €40k | €54k |
| Cash & bank | 54/58 | €28k | €10k | €36k | €39k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €224k | €119k | €83k | €104k |
| Equity | 10/15 | €71k | €66k | €64k | €64k |
| Contributions / capital | 10/11 | €6k | €6k | €6k | €6k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €63k | €58k | €56k | €56k |
| Amounts payable | 17/49 | €153k | €52k | €19k | €40k |
| Amounts payable after one year | 17 | €25k | - | - | - |
| Amounts payable within one year | 42/48 | €128k | €42k | €19k | €40k |
| Trade debts payable within one year | 44 | €97k | €15k | €7k | €15k |
| Income statement | |||||
| Gross operating margin | 9900 | €21k | €11k | €8k | €59k |
| Operating result | 9901 | €8k | €5k | €1k | €43k |
| Financial income | 75 | €10 | €12 | €550 | €99 |
| Financial charges | 65 | €2k | €3k | €785 | €1k |
| Result before taxes | 9903 | €6k | €3k | €955 | €41k |
| Income taxes | 67/77 | €946 | €1k | €520 | €9k |
| Net result for the period | 9904 | €5k | €2k | €436 | €33k |
| Result to be appropriated | 9905 | €5k | €2k | €436 | €33k |
| NACE primary | Other construction installation(43240) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 24-09-2014 |
| Status | Active |
| Postal code | 3052 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24013A0112/00K000 | Flanders | 1,386 m² | 1 · 135 m² | - |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
25-04-2022 Registered office moved from Leuven to Oud-Heverlee
- Naamsesteenweg 144 3001 Leuven → Brainestraat 25 te 3052 Oud-Heverlee
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Brainestraat 25 te 3052 Oud-Heverlee",
"city": "Oud-Heverlee",
"region": "vlaams_gewest",
"street": "Brainestraat",
"country": "BE",
"postcode": "3052",
"box_number": null,
"street_number": "25",
"locality_suffix": null
},
"old_address": {
"raw": "Naamsesteenweg 144 3001 Leuven",
"city": "Leuven",
"region": "vlaams_gewest",
"street": "Naamsesteenweg",
"country": "BE",
"postcode": "3001",
"box_number": null,
"street_number": "144",
"locality_suffix": null
},
"effective_date": "2022-02-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Leuven",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-04-25",
"filing_date": "2022-04-14",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-04-07",
"unanimous": null
},
"subject_company": {
"kbo": "0562.945.735",
"name_full": "Michael Projects",
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Liesbet Desmedt",
"org_rep_person_name": null,
"person_role_at_subject": "Lasthebber"
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad-25/04/2022",
"Annexes du M\u00F6niteur belge"
]
}| Legal nameNL | MICHAEL PROJECTS |