MICHAELIS-MERTES
ActiveMICHAELIS-MERTES has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.42M and a net result of €141k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 59% of 7921 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
94
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+12
Solvency95▼-4
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 1.94 against 2.73 in 2024), and 46.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
53.3%
Return on assets
5.3%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 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 · 9 filingsDeviation from the deadline
2025
42 d late
2024
8 d early
2023
30 d late
2022
30 d late
2021
19 d late
2020
31 d late
2019
75 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€141k▲ 31.3%
2024 · €108k
2018: €37k
2019: €59k
2020: €47k
2021: €82k
2022: €20k
2023: €73k
2024: €108k
2018 → 2025
Working capital
€945k▼ 2.3%
2024 · €967k
2018: €906k
2019: €950k
2020: €961k
2021: €977k
2022: €879k
2023: €915k
2024: €967k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.21M-€1.23M▲ 1.6%€1.30M▲ 5.9%€1.41M▲ 8.3%€1.42M▲ 0.2%
Operating result€104k-€28k▼ 73.0%€92k▲ 229%€170k▲ 85.1%€213k▲ 24.9%
Net result€82k-€20k▼ 75.9%€73k▲ 267%€108k▲ 48.0%€141k▲ 31.3%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 25% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.65M
Fixed assets
€708k▼ 3.5%
Current assets
€1.95M▲ 27.4%
Equity and liabilities €2.65M
Equity
€1.42M▲ 0.2%
Debt
€1.24M▲ 45.9%
The debt ratio rises from 37.6% to 46.7%: debt grows faster than equity.
Key figures and ratios
EBITDA
€257k▲
2024 · €228k
Cash flow
€186k▲
2024 · €165k
Solvency
53.3%▼
2024 · 62.4%
Current ratio
1.94▼
2024 · 2.73
Quick ratio
1.62▼
2024 · 2.20
Debt / equity
0.88▲
2024 · 0.60
ROE
10.0%▲
2024 · 7.6%
ROA
5.3%▲
2024 · 4.8%
Interest coverage
7.67▼
2024 · 9.14
Debt
€1.24M▲
2024 · €849k
Debt ≤ 1 year
€1.00M▲
2024 · €560k
Debt > 1 year
€237k▼
2024 · €289k
Income taxes
€47k▼
2024 · €47k
Staff costs
€26k▼
2024 · €45k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.26M€2.65M▲
Fixed assets21/28€733k€708k▼
Tangible fixed assets22/27€733k€708k▼
Land and buildings22€690k€671k▼
Plant, machinery and equipment23€6k€8k▲
Furniture and vehicles24€38k€29k▼
Current assets29/58€1.53M€1.95M▲
Stocks and contracts in progress3€293k€322k▲
Stocks30/36€293k€322k▲
Amounts receivable within one year40/41€979k€926k▼
Trade receivables40€977k€924k▼
Other amounts receivable41€1k€2k▲
Current investments50/53-€250k
Cash at bank and in hand54/58€252k€446k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.26M€2.65M▲
Equity10/15€1.41M€1.42M▲
Contributions10/11€19k€19k=
Reserves13€598k€461k▼
Tax-exempt reserves132€32k€32k=
Distributable reserves133€566k€429k▼
Profit (loss) carried forward14€787k€928k▲
Investment grants15€8k€7k▼
Amounts payable17/49€849k€1.24M▲
Amounts payable after more than one year17€289k€237k▼
Financial debts170/4€289k€237k▼
Amounts payable within one year42/48€560k€1.00M▲
Current portion of amounts payable after more than one year42€51k€51k▲
Trade debts44€159k€210k▲
Suppliers440/4€159k€210k▲
Taxes, remuneration and social security45€81k€89k▲
Taxes450/3€73k€83k▲
Remuneration and social security454/9€9k€6k▼
Other amounts payable47/48€270k€652k▲
Accrued charges and deferred income492/3-€142
Income statement
Code20242025
Remuneration, social security and pensions62€45k€26k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€44k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k€-2k▼
Other operating charges640/8€9k€11k▲
Gross operating margin9900€284k€293k▲
Operating profit (loss)9901€170k€213k▲
Financial income75/76B€9k€9k▼
Recurring financial income75€9k€9k▼
Financial charges65/66B€25k€34k▲
Recurring financial charges65€25k€34k▲
Profit (loss) for the period before taxes9903€155k€188k▲
Income taxes67/77€47k€47k▼
Profit (loss) for the period9904€108k€141k▲
Profit (loss) for the period to be appropriated9905€108k€141k▲
Appropriation of the result
Profit (loss) to be appropriated9906€895k€928k▲
Profit (loss) brought forward from the previous period14P€787k€787k=
Transfer from equity791/2-€137k
Transfer to equity691/2€108k-
To other reserves6921€108k-
Profit to be distributed694/7-€137k
Return on contributions (dividend)694-€137k
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 42 days late
2025
31-12
Financial
Highest result since 2018net €141k ▲31.3%
Operating result €213k, net result €141k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €20k ▼75.9%
Net result drops to €20k, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 75 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 1989
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.
St. Vither Straße, Grüffl. 174790 Burg-Reuland1 establishment unit
St. Vither Straße, Grüffl. 17, 4790 Burg-Reuland
since 19892.045.099.696
Recognitions · licences · registrations
Food safety, FASFC
1 siteBurg-Reuland2.045.099.696
Similar companies · same sector, comparable size
SPOELDERS
BE 0455.733.318
Mechelen · Eq €1.41M
VERAVERBEKE
BE 0862.239.037
Heuvelland · Eq €1.42M
ROLLAND - DELBART et Cie
BE 0448.634.601
Beloeil · Eq €1.43M
FLORARBO
BE 0451.927.057
Lochristi · Eq €1.39M
Import-Export Coosemans
BE 0426.966.482
Kampenhout · Eq €1.44M
Of 688 companies in sector 46216 we hold annual accounts for 475. 387 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-09-1989
Fiscal year end31-12
Activities, NACEBEL
46216Wholesale of agricultural produce and animal feed, general range
51210
46460Wholesale of pharmaceutical and medical goods
46810Wholesale of solid, liquid and gaseous fuels and related products
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
51532
52461
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filings
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.