MICHAËL PYCKE CONSTRUCT
ActiveSummary
MICHAËL PYCKE CONSTRUCT has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €94k and a net result of €93k. Its solvency ranks better than 29% of 1909 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes
Profitability100
Solvency51
Growth-
Track record67
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 2.37; short-term debt: 9.5% and cash: 16.3% of total assets), but 74.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
25.7%
Return on assets
25.4%
Age of the figures
9 mo
neutral · Filed after the deadline
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. 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 · 1 filingDeviation from the deadline
2025
27 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€94k
Total assets
€367k
Net result
€93k
Working capital
€48k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €367k
Fixed assets
€284k
Current assets
€83k
Equity and liabilities €367k
Equity
€94k
Debt
€272k
Debt finances 74.3% of the balance-sheet total.
Key figures and ratios
EBITDA
€124k
Cash flow
€124k
Current ratio
2.37
Debt to equity
2.89
ROE
98.9%
ROA
25.4%
Interest coverage
270.29
Debt ≤ 1 year
€35k
Debt > 1 year
€238k
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet
Code2025
Assets
Total assets20/58€367k
Fixed assets21/28€284k
Tangible fixed assets22/27€284k
Land and buildings22€249k
Furniture and vehicles24€35k
Current assets29/58€83k
Amounts receivable within one year40/41€23k
Trade receivables40€13k
Other amounts receivable41€10k
Cash at bank and in hand54/58€60k
Equity and liabilities
Total equity and liabilities10/49€367k
Equity10/15€94k
Contributions10/11€1k
Reserves13€93k
Distributable reserves133€93k
Amounts payable17/49€272k
Amounts payable after more than one year17€238k
Financial debts170/4€238k
Amounts payable within one year42/48€35k
Current portion of amounts payable after more than one year42€12k
Trade debts44€947
Suppliers440/4€947
Taxes, remuneration and social security45€3k
Remuneration and social security454/9€3k
Other amounts payable47/48€18k
Income statement
Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k
Other operating charges640/8€2k
Gross operating margin9900€126k
Operating profit (loss)9901€94k
Financial charges65/66B€459
Recurring financial charges65€459
Profit (loss) for the period before taxes9903€93k
Profit (loss) for the period9904€93k
Profit (loss) for the period to be appropriated9905€93k
Appropriation of the result
Profit (loss) to be appropriated9906€93k
Transfer to equity691/2€93k
To other reserves6921€93k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2025 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30k |
| Other operating charges640/8 | €2k |
| Gross operating margin9900 | €126k |
| Operating profit (loss)9901 | €94k |
| Financial charges65/66B | €459 |
| Recurring financial charges65 | €459 |
| Profit (loss) for the period before taxes9903 | €93k |
| Profit (loss) for the period9904 | €93k |
| Profit (loss) for the period to be appropriated9905 | €93k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €367k | |
| Fixed assets21/28 | €284k | |
| Tangible fixed assets22/27 | €284k | |
| Land and buildings22 | €249k | |
| Furniture and vehicles24 | €35k | |
| Current assets29/58 | €83k | |
| Amounts receivable within one year40/41 | €23k | |
| Trade receivables40 | €13k | |
| Other amounts receivable41 | €10k | |
| Cash at bank and in hand54/58 | €60k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €367k | |
| Equity10/15 | €94k | |
| Contributions10/11 | €1k | |
| Reserves13 | €93k | |
| Distributable reserves133 | €93k | |
| Amounts payable17/49 | €272k | |
| Amounts payable after more than one year17 | €238k | |
| Financial debts170/4 | €238k | |
| Amounts payable within one year42/48 | €35k | |
| Current portion of amounts payable after more than one year42 | €12k | |
| Trade debts44 | €947 | |
| Suppliers440/4 | €947 | |
| Taxes, remuneration and social security45 | €3k | |
| Remuneration and social security454/9 | €3k | |
| Other amounts payable47/48 | €18k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €93k |
| + Depreciation and write-downs630 | €30k |
| Operating cash flow (approximation) | €124k |
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
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
NBB filing
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, Sint-Laureins · 1 establishment unit since 2024
Ground area
1,703 m²
Building footprint
22 m²
Volume, LiDAR
10 m³
Parcel 43015B0135/00C000, Flanders · tallest building 3.0 m. Linked by address, not a title deed.
1 establishment unit
MICHAËL PYCKE CONSTRUCT
since 20242.367.650.432
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43015B0135/00C000 | Flanders | 1,703 m² | 1 · 22 m² | 3.0 m |
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 676 EUR awarded · 676 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 676 EUR | 676 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,613 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
Founded19-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
41003General construction of other non-residential buildings
68203Renting and operating of own or leased non-residential real estate, excluding land
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.