Turnover
≈ €310,000 estimated
The micro format states no turnover.
MICHAËL PYCKE CONSTRUCT
Lifetime
1 annual account with figurespeak €125,638 (2025)
€125,638
peak €93,148 (2025)
€93,148
peak €94,148 (2025)
€94,148
€272,376
Board1 name since 2024
1 directorPYCKE Michaël
Documentsfilings and deeds
27-08-202627 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsDebts
€272,376 74% of the balance sheet
Financial debts 87%Suppliers 0%Taxes and wages 1%Other 11%
Of this, €34,865 falls due within a year.
Position in the sector
€93,148
Higher net result than 92% of companies in fabricated metal products. Sector median €12,151 · 2,343 companies.
2025 accounts filed 27 days after the deadline
Checked score
70
Healthy
Financially stronger than 64% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,709 companies (NACE 25, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
01-2026: 1.8%
02-2026: 1.8%● unchanged vs 01-2026
03-2026: 1.9%▲ +0.1 percentage points vs 02-2026
04-2026: 2.3%▲ +0.4 percentage points vs 03-2026
05-2026: 2.4%▲ +0.1 percentage points vs 04-2026
06-2026: 2.7%▲ +0.3 percentage points vs 05-2026
07-2026: 2.7%● unchanged vs 06-2026
08-2026: 2.9%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.7%▼ -2.2 percentage points vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026lowest value
11-2026: 0.7%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Founded in 2024
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
lowers risk
Liquidity: current ratio 2.37, cash €59,759
Figures for financial year 2025 (filed on 27-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 28% of them on solvency, 71% on liquidity and 94% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,390 companies had the same profile as MICHAËL PYCKE CONSTRUCT has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
2.0%
stopped another way
1.2%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of MICHAËL PYCKE CONSTRUCT itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,390 companies, not a prediction for MICHAËL PYCKE CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 2.37, above the usual 1.5. Short-term debt is 9.5% and cash 16.3% of total assets. However, 74.3% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
27 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1017630364
Incorporation
Founding capital of €1,000, 100 shares · Founder: PYCKE Michaël · Appointment: PYCKE Michaël (director) · published on 23-12-2024 · Gazette deed
First establishment
Hontseindestraat 52, Sint-Laureins
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| MICHAËL PYCKE CONSTRUCT Sint-Laureins | €366,524 | €125,638 | 25.7% | - |
| Semaesse Las en mechanisatiebedrijf Aalter | €231,789 | €109,115 | 24.2% | - |
| SDN Construct Evergem | €315,088 | €90,667 | 38.1% | - |
| T&L SOLUTIONS Maldegem | €379,042 | €210,525 | 36.8% | - |
| Mathieu Van Cauwenberghe Dendermonde | €309,358 | €121,179 | 44.0% | - |
| WELDER Izegem | €357,799 | €126,579 | 8.1% | - |
| KUDRO Hooglede | €288,206 | €162,117 | 41.6% | - |
These companies have the same main activity as MICHAËL PYCKE CONSTRUCT: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €232,000 and €379,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 19-12-2024Normal situation
- Activity
- Manufacture of metal structures and parts of structuresNACE 25110and 3 others
- Establishment unit
- 2.367.650.4329981 Sint-Laureins, since 19-12-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 21-12-2025
Insights on MICHAËL PYCKE CONSTRUCT
MICHAËL PYCKE CONSTRUCT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94,148 and a net result of €93,148.
Its solvency ranks better than 30% of 2,343 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about MICHAËL PYCKE CONSTRUCT
- What is the company number of MICHAËL PYCKE CONSTRUCT?
- The company number of MICHAËL PYCKE CONSTRUCT is 1017.630.364. The VAT number is the same number with BE in front: BE 1017.630.364.
- Where is MICHAËL PYCKE CONSTRUCT based?
- The registered office is at Hontseindestraat 52, 9981 Sint-Laureins.Company details
- What does MICHAËL PYCKE CONSTRUCT do?
- According to the KBO register, the main activity is manufacture of metal structures and parts of structures (NACE 25110).
- What is the legal form of MICHAËL PYCKE CONSTRUCT?
- MICHAËL PYCKE CONSTRUCT is a private limited company (BV).
- When was MICHAËL PYCKE CONSTRUCT founded?
- MICHAËL PYCKE CONSTRUCT was founded on 19-12-2024.
- Is MICHAËL PYCKE CONSTRUCT still active?
- Yes, MICHAËL PYCKE CONSTRUCT is an active enterprise in the KBO register.
- What is the turnover of MICHAËL PYCKE CONSTRUCT?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €125,638 and 2,203 comparable companies of the same size. It probably lies between €210,000 and €490,000. It is a rough estimate.Financials
- Is MICHAËL PYCKE CONSTRUCT profitable?
- In financial year 2025, MICHAËL PYCKE CONSTRUCT made a profit of €93,148.
- Where can I find the annual accounts of MICHAËL PYCKE CONSTRUCT?
- MICHAËL PYCKE CONSTRUCT filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.