Turnover
≈ €310,000 estimated
The micro format states no turnover.
MICHAËL PYCKE CONSTRUCT
Overview
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.
Financials
Annual accounts 2025
micro format, filed on 27-08-2026, 27 days late€125,638
€93,607
€93,148
€47,662
25.7%
2.37
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €310,000. Estimated: probably between €210,000 and €490,000.
Balance sheet
balance sheet total €366,524 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
25.7%
Higher than 30% of 2,343 companies in 2025.
2.37
Higher than 65% of 2,309 companies in 2025.
25.4%
Higher than 86% of 2,323 companies in 2025.
MICHAËL PYCKE CONSTRUCT
Middle half of the sector
80% of the sector
Micro accounts in fabricated metal products (NACE 25)
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
366,524 | |
21/28 |
283,997 | |
22/27 |
283,997 | |
22 |
248,734 | |
24 |
35,263 | |
29/58 |
82,527 | |
40/41 |
22,768 | |
40 |
13,043 | |
41 |
9,725 | |
54/58 |
59,759 | |
| Balance sheet: equity and liabilities | ||
10/49 |
366,524 | |
10/15 |
94,148 | |
10/11 |
1,000 | |
13 |
93,148 | |
133 |
93,148 | |
17/49 |
272,376 | |
17 |
237,511 | |
170/4 |
237,511 | |
42/48 |
34,865 | |
42 |
12,489 | |
44 |
947 | |
440/4 |
947 | |
45 |
2,999 | |
454/9 |
2,999 | |
47/48 |
18,430 | |
| Income statement | ||
9900 |
125,638 | |
630 |
30,458 | |
640/8 |
1,573 | |
9901 |
93,607 | |
65/66B |
459 | |
65 |
459 | |
9903 |
93,148 | |
9904 |
93,148 | |
9905 |
93,148 | |
| Appropriation of the result | ||
9906 |
93,148 | |
691/2 |
93,148 | |
6921 |
93,148 | |
| Document | ||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00431732.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00431732 |
Subsidies and aid
Flemish government 2025, 1 entry, €676 awarded, €676 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 124,065 | ||
| 123,606 | ||
| 314,455 | ||
| 47,662 | ||
| 25.7% | ||
| 2.37 | ||
| 2.89 | ||
| 98.9% | ||
| 25.4% | ||
| over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €314,455 |
| €30,458 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on MICHAËL PYCKE CONSTRUCT
Debt's share of the balance-sheet total is 74.3%.
Board & ownership
Board
1 director, since incorporationDirector
since 17-12-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 27-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 23-12-2024
Mandates through the years
1 name, the dashed line is todayControl
Capital
- Contribution
- €1,000
- Shares
- 100
- Contribution per share
- €10
- Equity per share
- €941 in 2025
- Source
- deed of 23-12-2024
Articles of association
deed of 23-12-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 30 June at 18:00
Shareholders
At incorporation
deed of 23-12-2024 ↗
- PYCKE Michaël 100 shares (100%) · €1,000 in cash
Network & group
No group
MICHAËL PYCKE CONSTRUCT has no parent and no holdings in its annual accounts. PYCKE Michaël is the only director. MICHAËL PYCKE CONSTRUCT shares no director with another company.
Timeline
Timeline
4 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 27 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1017630364
2024
IncorporationFounding capital of €1,000, 100 shares · Founder: PYCKE Michaël · Appointment: PYCKE Michaël (director) · published on 23-12-20244 points ▸
- Founder, PYCKE Michaël
- Founding capital, €1,000, 100 shares
- Registered office clause, Hontseindestraat 52, 9981 Sint-Laureins, Sint-Margriete
- Director appointment, PYCKE Michaël
- The deed holds 1 more point.
First establishment Hontseindestraat 52, Sint-Laureins
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1017.630.364
- VAT number
- BE 1017.630.364
- Peppol ID
- 0208:1017630364
- Other Peppol ID
- 9925:BE1017630364
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 19-12-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 30 June at 18:00deed of 23-12-2024 (in Dutch)
- Peppol
- Reachable since 21-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- MICHAËL PYCKE CONSTRUCT in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 23-12-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 23-12-2024 (in Dutch)
Activities
NACEBEL 202525110
Manufacture of metal structures and parts of structures main activity
Codes under NACEBEL 2008
25110
Manufacture of metal structures and parts of structures main activity
41203
Construction of residential and non-residential buildings
68203
Real estate rental
81300
Landscape service activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “1.Het vervaardigen van metalen constructiewerken en delen daarvan; 2.Dakrenovaties; 3.Het aanleggen en onderhouden van tuinen,parken en het…”deed of 23-12-2024 (in Dutch)
22 activities
- 1.Het vervaardigen van metalen constructiewerken en delen daarvan
- 2.Dakrenovaties
- 3.Het aanleggen en onderhouden van tuinen,parken en het groene gedeelte van sportvelden,het snoeien van bomen en heggen
- 4.Overige zakelijke dienstverlening en de verhuring van materiaal en machines met of zonder bediening
- 5.De montage van hangaars,loodsen en schuren,het optrekken van ruwbouw van gebouwen voor industrieel en commercieel gebruik.Algemene bouwwerken van niet-residentiële gebouwen en het uitvoeren van beton-,metsel- en voegwerken en isolatiewerkzaamheden.Montage van buiten-en binnen schrijnwerk in hout,metaal en kunststof.Het monteren van metalen constructiewerken en het vervaardigen van metalen constructiewerken en gebinten voor de bouw.
- 6.het verrichten van alle handelingen van roerende en onroerende aard,in de meest ruime zin,zowel rechtstreeks als in de hoedanigheid van tussenpersoon,dit omvat het aankopen en verkopen,het huren,verhuren en onderverhuren,het bouwen en verbouwen,het uitrusten,valoriseren en het uitbaten onder alle vormen van alle roerende en onroerende goederen;het beheer,het verwerven,het in stand houden en de valorisatie van het roerend en onroerend vermogen,de huurfinanciering van onroerende goederen aan derden,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van onroerende goederen te vorderen,zoals het onderhoud,de ontwikkeling,de verfraaiing en de verhuring van deze goederen,alsmede zich borg stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen;
- 7.de leasing of huurfinanciering van onroerende goederen aan derden en/of vennootschappen van dezelfde groep;
- 8.Projecten van bouwpromoties leiden en opvolgen;
- 9.het beheren van beleggingen en van participaties in dochtervennootschappen,het waarnemen van bestuurdersfuncties,het verlenen van advies,management en andere diensten aan of in overeenstemming met de activiteiten die de vennootschap zelf voert.Deze diensten kunnen worden geleverd krachtens contractuele of statutaire benoemingen en in de hoedanigheid van externe raadgever of orgaan van de cliënt;
- 10.het besturen van vennootschappen,ongeacht hun doel,het deelnemen in en het directie voeren over ondernemingen,vennootschappen en andere rechtspersonen;alsook de aankoop,verkoop en ruiling van effecten.Het bevorderen van de oprichting van vennootschappen door inbreng,participaties of investering;
- 11.het verwerven van participaties in eender welke vorm in alle bestaande of op te richten rechtspersonen en vennootschappen,het stimuleren,de planning,de coördinatie,de ontwikkeling van en de investering in rechtspersonen en ondernemingen waarin zij al of niet een participatie aanhoudt;
- 12.het toestaan van leningen en kredieten aan vennootschappen of particulieren onder om het even welke vorm.De vennootschap kan zich in dit kader borg stellen of haar aval verlenen.De vennootschap kan alle handels- en financiële operaties verrichten,dit in de meest ruime zin;
- 13.managementactiviteiten van holdings:het tussenkomen in het dagelijks bestuur,het vertegenwoordigen van bedrijven op grond van het bezit van of controle over het maatschappelijk kapitaal en andere middelen;
- 14.het ontwikkelen,kopen,verkopen,beheren,in waarde stellen,in licentie nemen of geven van brevetten,fabrieksmerken,vergunningen,patenten,octrooien,knowhow en andere intellectuele rechten;
- 15.het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,het ontwikkelen van onroerende goederen of onroerende zakelijke rechten.De vennootschap kan derhalve ook contracten van onroerende leasing afsluiten;
- 16.het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan-en verkoop,de huur en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
- 17.het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten,industriële,commerciële,financiële,landbouw-of immobiliënvennootschappen of-ondernemingen;het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,
- 18.alle verrichtingen die,algemeen genomen,op een of andere wijze verbandhouden met alle mogelijke advies- en/of dienstenfuncties;-consultancy,opleiding,technische expertise en bijstand op voornoemd(e)gebied(en);
- 19.Het verlenen van adviezen en het verstrekken van prestaties met betrekking tot het projectmatig aanpakken van het geheel van onderscheidbare activiteiten gericht op één of meer concreet te benoemen resultaten,die voor te benoemen personen en/of instanties(klanten)van belang zijn,die moeten worden bereikt in een afgebakende tijdsperiode en met bepaalde middelen,en die een zekere mate van uniekheid met zich meebrengen.
- 20.Het verlenen van adviezen en het verstrekken van prestaties met betrekking tot het management van een complex geheel van projecten of van een verzameling doelgerichte activiteiten die in de tijd minder goed zijn af te bakenen en waarvan de doelen minder eenduidig zijn.Dienstverlening met betrekking tot het tijdelijk voorzien in een leidinggevende functie of met de uitdrukkelijke opdracht bepaalde veranderingen te bewerkstelligen en/of problemen op te lossen.
- 21.Het beheer van de investeringen en de deelnemingen in dochtervennootschappen,het uitoefenen van mandaten,het verstrekken van advies,management en andere diensten van dezelfde aard;deze diensten kunnen zowel op contractuele als op statutaire basis worden verstrekt,zowel als extern adviseur als in hoedanigheid van orgaan.
- 22.het beheren en het oordeelkundig uitbreiden van het roerend en onroerend patrimonium van de vennootschap,alle verrichtingen met betrekking tot roerende goederen en rechten van welke aard ook.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Hontseindestraat 52 registered office 9981 Sint-Laureins | 19-12-2024 | 2.367.650.432 |
Buildings and parcels at the address
- Ground area
- 1,703 m²
- Buildings
- 22 m²
- Volume, LiDAR
- 10 m³
- Tallest building
- 3.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 43015B0135/00C000 | 1,703 m² | 1 · 22 m² | 3.0 m |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1017.630.364