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MICHAND

Active
Public limited companyfounded 1994active for 32 yearsRozenlaan 6, 2970 Schilde, BelgiumKBO/BCE: BE 0452.325.450
Summary

MICHAND has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.6m and a net result of €867,118. Equity is growing by about 9.6% per year across the filed financial years. Its solvency ranks better than 25% of 77 sector peers (NACE 50, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisFollow ReportCompare
MICHANDActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Inland freight water transport
NACE 50400Water transport NACE 50200
Largest company by total assets in Schilde, Transport and storage sector1 site
Size
€31.7mtotal assets 2025
Staff
4.3 FTE
Equity
€6.6m
Profit
€867,118
Financial health
86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
VERFINCO · 100%
Holdings
2
  • VERFINCOManaging director · permanent representative VERMEYLEN Erik
2025 accounts 45 days early1 of 9 deeds summarised
Why 86raises riskLiquidity: current ratio 2.27, cash €72,436Equity €6.6m (20.8% of total assets)lowers riskSize: 4.3 FTE, total assets €31.7mLegal form: public limited companyShow the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 36% of its sector peers (NACE 50, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 46-3
equity 20.8% of total assets
Liquidity 50=
short-term debt 10.6% · cash 0.2%
Profitability 44+1
return on assets 2.7%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (260 companies, NACE 50, micro)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.1 percentage points vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.3%▼ -0.2 percentage points vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.2%▼ -0.1 percentage points vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €550,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.27, compared with 0.59 in 2024, above the usual 1.5; short-term debt: 10.6% and cash: 0.2% of total assets), but 79.2% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 50, micro): better than 35% on solvency, 37% on liquidity, 32% on profitability and 39% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 2.27, cash €72,436
NBB · annual accounts
raises risk · Equity €6.6m (20.8% of total assets)
NBB · annual accounts
lowers risk · Size: 4.3 FTE, total assets €31.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
45 days early
2024
28 days early
2023
22 days early
2022
32 days early
2021
54 days early
2020
81 days early
2019
38 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 43 days before the deadline; the sector median (NACE 50) for financial year 2024 is 3 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Liquidity more than triplescurrent ratio 2.27
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: Largest company by total assets in Schilde, Transport and storage sectorin the Checked rankings No. 1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by VERFINCOultimately: VERMEYLEN INVESTMENT COMPANY 100% View

By topic

Financials

Financial year
2025
Total assets
€31.7m
Profit
€867,118
Solvency
20.8%
Total assets▲ 16.1%
Net result
20182025
Go to Financials

Timeline

Events
38
Since
1996
Next accounts
by 31-07-2027
  1. 31-12-2024Back to profit
  2. 09-07-2024Annual accounts filed
  3. 11-04-2024Appointment: VERFINCO (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Inland freight water transportNACE 50400
Founded
16-03-1994
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about MICHAND

What is the company number of MICHAND?
0452.325.450. In Belgium the VAT number is the company number with BE in front: BE 0452.325.450.
Where is MICHAND based?
The registered office is at Rozenlaan 6, 2970 Schilde.Company details
What does MICHAND do?
According to the KBO register, the main activity is inland freight water transport (NACE 50400).
What is the legal form of MICHAND?
Public limited company (NV).
When was MICHAND founded?
On 16-03-1994.
Is MICHAND still active?
Yes, MICHAND is an active enterprise in the KBO register.
How many employees does MICHAND have?
On average 4.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of MICHAND?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is MICHAND profitable?
In financial year 2025, MICHAND made a profit of €867,118.
Where can I find the annual accounts of MICHAND?
MICHAND filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of MICHAND due?
By 31-07-2027, for financial year 2026.Timeline

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