MICHASO
ActiveSummary
MICHASO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €243k and a net result of €28k. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-28
Solvency97▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 3.6 against 4.72 in 2024; short-term debt: 24.6% and cash: 46.1% of total assets), and 28% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
72%
Return on assets
8.4%
Age of the figures
9 mo
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 10-04-2026, 112 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
112 d early
2024
65 d early
2023
71 d early
2022
33 d early
2021
3 d late
2020
25 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€243k▼ 27.2%
2024 · €334k
2019: €72k
2020: €137k
2021: €191k
2022: €233k
2023: €308k
2024: €334k
2019 → 2025
Total assets
€338k▼ 22.9%
2024 · €438k
2019: €97k
2020: €144k
2021: €198k
2022: €297k
2023: €432k
2024: €438k
2019 → 2025
Net result
€28k▼ 69.6%
2024 · €93k
2019: €67k
2020: €65k
2021: €55k
2022: €43k
2023: €76k
2024: €93k
2019 → 2025
Working capital
€216k▼ 29.5%
2024 · €306k
2019: €69k
2020: €135k
2021: €179k
2022: €219k
2023: €249k
2024: €306k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€191k-€233k▲ 22.1%€308k▲ 32.3%€334k▲ 8.5%€243k▼ 27.2%
Operating result€79k-€147k▲ 87.2%€197k▲ 33.6%€207k▲ 5.0%€147k▼ 28.8%
Net result€55k-€43k▼ 21.3%€76k▲ 77.2%€93k▲ 22.6%€28k▼ 69.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €338k
Fixed assets
€39k ▼ 21.8%
Current assets
€299k ▼ 23.0%
Equity and liabilities €338k
Equity
€243k ▼ 27.2%
Debt
€94k ▼ 9.0%
The debt ratio rises from 23.7% to 28.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€161k▼
2024 · €221k
Cash flow
€42k▼
2024 · €107k
Current ratio
3.60▼
2024 · 4.72
Debt / equity
0.39▲
2024 · 0.31
ROE
11.7%▼
2024 · 27.9%
ROA
8.4%▼
2024 · 21.3%
Interest coverage
1.51▼
2024 · 2.97
Debt ≤ 1 year
€83k▲
2024 · €82k
Debt > 1 year
€11k▼
2024 · €22k
Income taxes
€16k▼
2024 · €43k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€438k€338k▼
Fixed assets21/28€49k€39k▼
Tangible fixed assets22/27€44k€34k▼
Plant, machinery and equipment23€460€31▼
Furniture and vehicles24€44k€34k▼
Financial fixed assets28€5k€5k=
Current assets29/58€388k€299k▼
Amounts receivable within one year40/41€230k€135k▼
Trade receivables40€102k€110k▲
Other amounts receivable41€128k€25k▼
Cash at bank and in hand54/58€149k€156k▲
Deferred charges and accrued income490/1€9k€8k▼
Equity and liabilities
Total equity and liabilities10/49€438k€338k▼
Equity10/15€334k€243k▼
Contributions10/11€6k€6k=
Reserves13€328k€237k▼
Distributable reserves133€328k€237k▼
Amounts payable17/49€104k€94k▼
Amounts payable after more than one year17€22k€11k▼
Financial debts170/4€22k€11k▼
Amounts payable within one year42/48€82k€83k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45€160€5k▲
Taxes450/3-€886
Remuneration and social security454/9€160€4k▲
Other amounts payable47/48€67k€64k▼
Accrued charges and deferred income492/3-€9
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▼
Other operating charges640/8€928€903▼
Gross operating margin9900€222k€162k▼
Operating profit (loss)9901€207k€147k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€74k€106k▲
Recurring financial charges65€74k€106k▲
Profit (loss) for the period before taxes9903€136k€44k▼
Income taxes67/77€43k€16k▼
Profit (loss) for the period9904€93k€28k▼
Profit (loss) for the period to be appropriated9905€93k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€93k€28k▼
Transfer from equity791/2€66k€118k▲
Transfer to equity691/2€92k€27k▼
To other reserves6921€92k€27k▼
Profit to be distributed694/7€67k€119k▲
Return on contributions (dividend)694€67k€119k▲
The notes to these accounts (7 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
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €28k ▼69.6%
Net result drops to €28k, the lowest in the series.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €93k ▲22.6%
Operating result €207k, net result €93k, both a record.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €233k ▲22.1%
4 profitable years in a row build equity to €233k.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Equity above €150kEq €191k ▲39.3%
3 profitable years in a row build equity to €191k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Liquidity times 5current ratio 20.04
Current ratio from 3.75 to 20.04; short-term debt falls from €25k to €7k.
31-12
Financial
Equity above €100kEq €137k ▲89.4%
2 profitable years in a row build equity to €137k.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Cerfontaine · 1 establishment unit since 2018
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.
Rue de Nazareth(Sil) 75630 CerfontaineGround area
1,947 m²
Building footprint
79 m²
Parcel 93070E0688/00F002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Nazareth(Sil) 7, 5630 Cerfontaine
since 20182.281.153.255
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93070E0688/00F002 | Wallonia | 1,947 m² | 1 · 79 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900PIUKKSTLFCOY43
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Of 698 companies in sector 86910 we hold annual accounts for 520. 410 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-10-2018
Fiscal year end31-12
Activities, NACEBEL
86910Medical imaging and medical laboratories
82300Organisation of conventions and trade shows
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.