MICHAELI NIK
ActiveSummary
MICHAELI NIK has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €255,716 and a net result of €19,824. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 74% of 7461 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▲+24
Solvency89▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 2.74 against 2.86 in 2023; short-term debt: 36.4% and cash: 29.6% of total assets), and 36.4% of the assets are financed with debt.
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Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
54 d early
2022
13 d early
2021
220 d late
2020
21 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€255,716▲ 7.6%
2023 · €237,609
Total assets
€401,838▲ 7.0%
2023 · €375,527
Net result
€19,824▲ 103%
2023 · €9,747
Working capital
€254,901▲ 4.7%
2023 · €243,464
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20202021202220232024
Operating result€11,327▲ 75.5%€27,660▲ 144%€30,893▲ 11.7%€20,877▼ 32.4%€34,556▲ 65.5%
Net result€3,261below the sector's middle half▼ 43.4%€11,880within the sector's middle half▲ 264%€17,990within the sector's middle half▲ 51.4%€9,747within the sector's middle half▼ 45.8%€19,824within the sector's middle half▲ 103%
Equity€201,258within the sector's middle half▲ 1.6%€213,138within the sector's middle half▲ 5.9%€229,528within the sector's middle half▲ 7.7%€237,609within the sector's middle half▲ 3.5%€255,716within the sector's middle half▲ 7.6%
Total assets€352,025below the sector's middle half▼ 11.7%€371,819below the sector's middle half▲ 5.6%€376,059below the sector's middle half▲ 1.1%€375,527below the sector's middle half▼ 0.1%€401,838below the sector's middle half▲ 7.0%
Debt€150,767▼ 24.9%€158,681▲ 5.2%€146,530▼ 7.7%€137,918▼ 5.9%€146,122▲ 5.9%
Working capital€207,589within the sector's middle half▲ 5.0%€223,312within the sector's middle half▲ 7.6%€233,838within the sector's middle half▲ 4.7%€243,464within the sector's middle half▲ 4.1%€254,901within the sector's middle half▲ 4.7%
Solvency57.2%within the sector's middle half▲ 7.5pp57.3%within the sector's middle half▲ 0.2pp61.0%within the sector's middle half▲ 3.7pp63.3%above the sector's middle half▲ 2.2pp63.6%within the sector's middle half▲ 0.4pp
Current ratio2.44within the sector's middle half▲ 0.452.52within the sector's middle half▲ 0.082.66within the sector's middle half▲ 0.142.86within the sector's middle half▲ 0.202.74within the sector's middle half▼ 0.12
Return on assets (ROA)0.9%below the sector's middle half▼ 0.5pp3.2%within the sector's middle half▲ 2.3pp4.8%within the sector's middle half▲ 1.6pp2.6%within the sector's middle half▼ 2.2pp4.9%within the sector's middle half▲ 2.3pp
Staff (FTE)1.8below the sector's middle half▼ 14.3%2below the sector's middle half▲ 11.1%1.6below the sector's middle half▼ 20.0%1below the sector's middle half▼ 37.5%1.1below the sector's middle half▲ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 66% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €401,838
Fixed assets
€815 ▼ 33.5%
Current assets
€401,023 ▲ 7.1%
Equity and liabilities €401,838
Equity
€255,716 ▲ 7.6%
Debt
€146,122 ▲ 5.9%
Debt's share of the balance-sheet total falls from 36.7% to 36.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34,966▲
2023 · €21,287
Cash flow
€20,234▲
2023 · €10,157
Debt to equity
0.57▼
2023 · 0.58
ROE
7.8%▲
2023 · 4.1%
Interest coverage
5.38▲
2023 · 2.88
Debt ≤ 1 year
€146,122▲
2023 · €130,838
Income taxes
€10,226▲
2023 · €4,872
Staff costs
€59,600▼
2023 · €71,804
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 bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €561 | - |
| Remuneration, social security and pensions62 | - | €69,301 | €80,594 | €71,804 | €59,600 | ▼ 17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €734 | €324 | €410 | €410 | €410 | = |
| Other operating charges640/8 | - | €712 | €765 | €731 | €738 | ▲ 0.9% |
| Non-recurring operating charges66A | - | €1,870 | - | - | - | - |
| Gross operating margin9900 | €84,303 | €99,867 | €112,662 | €93,822 | €95,304 | ▲ 1.6% |
| Operating profit (loss)9901 | €11,327 | €27,660 | €30,893 | €20,877 | €34,556 | ▲ 65.5% |
| Financial income75/76B | - | €1,864 | €1,633 | €1,141 | €1,999 | ▲ 75.2% |
| Recurring financial income75 | €1,721 | €1,864 | €1,633 | €1,141 | €1,999 | ▲ 75.2% |
| Financial charges65/66B | - | €5,426 | €5,676 | €7,400 | €6,505 | ▼ 12.1% |
| Recurring financial charges65 | €7,800 | €5,426 | €5,676 | €7,400 | €6,505 | ▼ 12.1% |
| Profit (loss) for the period before taxes9903 | €5,249 | €24,099 | €26,850 | €14,619 | €30,050 | ▲ 106% |
| Income taxes67/77 | €1,988 | €12,218 | €8,860 | €4,872 | €10,226 | ▲ 110% |
| Profit (loss) for the period9904 | €3,261 | €11,880 | €17,990 | €9,747 | €19,824 | ▲ 103% |
| Transfer from tax-exempt reserves789 | - | €18,750 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3,261 | €30,630 | €17,990 | €9,747 | €19,824 | ▲ 103% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €352,025 | €371,819 | €376,059 | €375,527 | €401,838 | ▲ 7.0% |
| Fixed assets21/28 | €320 | €2,044 | €1,635 | €1,225 | €815 | ▼ 33.5% |
| Tangible fixed assets22/27 | €320 | €2,044 | €1,635 | €1,225 | €815 | ▼ 33.5% |
| Furniture and vehicles24 | - | €2,044 | €1,635 | €1,225 | €815 | ▼ 33.5% |
| Current assets29/58 | €351,705 | €369,775 | €374,424 | €374,302 | €401,023 | ▲ 7.1% |
| Stocks and contracts in progress3 | €7,758 | - | - | €2,204 | - | - |
| Stocks30/36 | - | - | - | €2,204 | - | - |
| Amounts receivable within one year40/41 | €28,431 | €12,996 | €1,948 | €15,846 | €29,119 | ▲ 83.8% |
| Trade receivables40 | - | €4,367 | €575 | €10,329 | €23,828 | ▲ 131% |
| Other amounts receivable41 | - | €8,629 | €1,372 | €5,516 | €5,291 | ▼ 4.1% |
| Current investments50/53 | €76,420 | €76,420 | €96,420 | €136,660 | €249,310 | ▲ 82.4% |
| Cash at bank and in hand54/58 | €237,160 | €277,875 | €273,493 | €217,021 | €118,942 | ▼ 45.2% |
| Deferred charges and accrued income490/1 | - | €2,484 | €2,564 | €2,572 | €3,651 | ▲ 42.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €352,025 | €371,819 | €376,059 | €375,527 | €401,838 | ▲ 7.0% |
| Equity10/15 | €201,258 | €213,138 | €229,528 | €237,609 | €255,716 | ▲ 7.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €38,663 | €50,543 | €68,533 | €78,280 | €98,104 | ▲ 25.3% |
| Non-distributable reserves130/1 | - | €10,886 | €28,876 | €20,633 | €10,886 | ▼ 47.2% |
| Legal reserve130 | - | €10,886 | €28,876 | €20,633 | €10,886 | ▼ 47.2% |
| Distributable reserves133 | - | €39,657 | €39,657 | €57,647 | €87,218 | ▲ 51.3% |
| Profit (loss) carried forward14 | €100,595 | €100,595 | €98,995 | €97,329 | €95,611 | ▼ 1.8% |
| Amounts payable17/49 | €150,767 | €158,681 | €146,530 | €137,918 | €146,122 | ▲ 5.9% |
| Amounts payable within one year42/48 | €144,116 | €146,463 | €140,586 | €130,838 | €146,122 | ▲ 11.7% |
| Trade debts44 | €6,995 | €12,784 | €1,205 | €529 | €837 | ▲ 58.3% |
| Suppliers440/4 | - | €12,784 | €1,205 | €529 | €837 | ▲ 58.3% |
| Taxes, remuneration and social security45 | - | €7,833 | €11,935 | €6,383 | €11,501 | ▲ 80.2% |
| Taxes450/3 | - | €6,411 | €9,003 | €1,582 | €10,850 | ▲ 586% |
| Remuneration and social security454/9 | - | €1,422 | €2,932 | €4,800 | €651 | ▼ 86.4% |
| Other amounts payable47/48 | - | €125,846 | €127,446 | €123,927 | €133,784 | ▲ 8.0% |
| Accrued charges and deferred income492/3 | - | €12,218 | €5,944 | €7,080 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,261 | €11,880 | €17,990 | €9,747 | €19,824 | ▲ 103% |
| + Depreciation and write-downs630 | €734 | €324 | €410 | €410 | €410 | = |
| Operating cash flow (approximation) | €3,995 | €12,205 | €18,400 | €10,157 | €20,234 | ▲ 99.2% |
| Investment in fixed assets (approximation) | - | -€2,049 | €0 | €0 | €0 | - |
| Change in cash | - | €40,715 | -€4,382 | -€56,472 | -€98,078 | ▼ 73.7% |
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
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €19,824 ▲103%
Operating result €34,556, net result €19,824, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 220 days late
2021
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €201,258 ▲1.6%
3 profitable years in a row build equity to €201,258.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Burg-Reuland · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schönborner Weg, Braunlauf 114790 Burg-Reuland1 establishment unit
Schönborner Weg, Braunlauf 11, 4790 Burg-Reuland
since 19942.068.138.582
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Of 4,020 companies in sector 43310 we hold annual accounts for 1,749. 1,285 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
Founded31-03-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43310Plastering work
43331Floor and wall tiling
43350Other building finishing work
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452371277
Registered
07-01-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.