MICHAUX
ActiveSummary
MICHAUX has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €57k and a net result of €4k. Equity is growing by ~20.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
cash: 81.2% of total assets, and 0% of the assets are financed with debt.
Credit check 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 · 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 08-07-2025, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
23 d early
2023
21 d early
2022
106 d late
2021
31 d early
2020
38 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 41.2%
2023 · €7k
2018: €-31k
2019: €8k
2020: €8k
2021: €8k
2022: €8k
2023: €7k
2018 → 2024
Working capital
€3k
2019 · €-9k
2018: €-21k
2019: €-9k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€29k-€37k▲ 27.0%€45k▲ 21.3%€53k▲ 15.9%€57k▲ 8.1%
Operating result€8k-€8k▲ 1.3%€8k▼ 1.1%€7k▼ 9.2%€4k▼ 40.9%
Net result€8k-€8k▲ 2.0%€8k=€7k▼ 9.3%€4k▼ 41.2%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 41% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €57k
Fixed assets
€11k ▼ 21.0%
Current assets
€46k ▲ 18.1%
Key figures and ratios
EBITDA
€7k▼
2023 · €12k
Cash flow
€7k▼
2023 · €11k
Solvency
100.0%=
2023 · 100.0%
ROE
7.5%▼
2023 · 13.7%
ROA
7.5%▼
2023 · 13.7%
Interest coverage
161.86▼
2023 · 294.87
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 26 lines
Balance sheet
Code20232024
Assets
Total assets20/58€53k€57k▲
Fixed assets21/28€14k€11k▼
Tangible fixed assets22/27€14k€11k▼
Land and buildings22€14k€11k▼
Current assets29/58€39k€46k▲
Cash at bank and in hand54/58€39k€46k▲
Equity and liabilities
Total equity and liabilities10/49€53k€57k▲
Equity10/15€53k€57k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Profit (loss) carried forward14€-12k€-8k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€3k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€13k€9k▼
Operating profit (loss)9901€7k€4k▼
Financial charges65/66B€39€44▲
Recurring financial charges65€39€44▲
Profit (loss) for the period before taxes9903€7k€4k▼
Profit (loss) for the period9904€7k€4k▼
Profit (loss) for the period to be appropriated9905€7k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-8k▲
Profit (loss) brought forward from the previous period14P€-19k€-12k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
14-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 106 days late
2022
31-12
Financial
Highest result since 2018net €8k ▲0%
Net result €8k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.32
Current ratio from 0.56 to 1.32; short-term debt falls from €20k to €10k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 92 days late
2017
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
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.
Directors · office · real estate
Directors
8 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, Tubize · 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.
Rue de l'Atelier 271480 TubizeGround area
3,368 m²
Building footprint
1,280 m²
Volume, LiDAR
16,433 m³
2 parcels, Brussels, Wallonia · tallest building 25.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Herrmann-Debrouxlaan 17-19, 1160 Oudergem
since 19942.065.630.143
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105B0357/00K003 | Wallonia | 1,694 m² | 1 · 504 m² | 7.2 m · 2 fl. |
| 21332B0425/02N000 | Brussels | 1,674 m² | 1 · 775 m² | 25.1 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-02-1994
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.