Summary
MICHAUX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €498,751 and a net result of €130,605. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 2469 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
14 d early
2023
19 d early
2022
18 d early
2021
26 d early
2020
18 d early
2019
24 d 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 17 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
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. Usually files around 13 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€498,751▲ 13.0%
2024 · €441,479
Net result
€130,605▲ 12.0%
2024 · €116,620
Total assets
€1.2m▼ 3.7%
2024 · €1.3m
Solvency
41.3%▲ 6.1pp
2024 · 35.2%
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€159,901▲ 10.7%€202,755▲ 26.8%€164,067▼ 19.1%€214,741▲ 30.9%€224,569▲ 4.6%
Net result€90,079above the sector's middle half▲ 22.6%€118,766above the sector's middle half▲ 31.8%€87,107above the sector's middle half▼ 26.7%€116,620above the sector's middle half▲ 33.9%€130,605above the sector's middle half▲ 12.0%
Equity€300,769above the sector's middle half▲ 11.9%€351,363above the sector's middle half▲ 16.8%€386,245above the sector's middle half▲ 9.9%€441,479above the sector's middle half▲ 14.3%€498,751above the sector's middle half▲ 13.0%
Total assets€1.3mabove the sector's middle half▲ 2.1%€1.3mabove the sector's middle half▲ 0.6%€1.2mabove the sector's middle half▼ 7.5%€1.3mabove the sector's middle half▲ 0.8%€1.2mabove the sector's middle half▼ 3.7%
Debt€1.0m▼ 0.4%€995,480▼ 4.2%€859,382▼ 13.7%€813,830▼ 5.3%€710,319▼ 12.7%
Working capital€57,046within the sector's middle half▼ 4.3%€87,473within the sector's middle half▲ 53.3%€120,705within the sector's middle half▲ 38.0%€153,849within the sector's middle half▲ 27.5%€194,648above the sector's middle half▲ 26.5%
Solvency22.5%within the sector's middle half▲ 2.0pp26.1%within the sector's middle half▲ 3.6pp31.0%within the sector's middle half▲ 4.9pp35.2%within the sector's middle half▲ 4.2pp41.3%within the sector's middle half▲ 6.1pp
Current ratio1.19within the sector's middle half▼ 0.021.25within the sector's middle half▲ 0.061.39within the sector's middle half▲ 0.141.43within the sector's middle half▲ 0.041.57within the sector's middle half▲ 0.15
Return on assets (ROA)6.7%within the sector's middle half▲ 1.1pp8.8%within the sector's middle half▲ 2.1pp7.0%within the sector's middle half▼ 1.8pp9.3%within the sector's middle half▲ 2.3pp10.8%within the sector's middle half▲ 1.5pp
Staff (FTE)2.2▲ 83.3%2.3▲ 4.5%2.9▲ 26.1%2.8▼ 3.4%3.6▲ 28.6%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 5% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€673,971 ▼ 8.9%
Current assets
€535,099 ▲ 3.8%
Equity and liabilities €1.2m
Equity
€498,751 ▲ 13.0%
Debt
€710,319 ▼ 12.7%
Debt's share of the balance-sheet total falls from 64.8% to 58.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
26.2%▼
2024 · 26.4%
Debt ≤ 1 year
€340,451▼
2024 · €361,609
Debt > 1 year
€354,694▼
2024 · €439,300
Income taxes
€78,771▼
2024 · €80,368
Staff costs
€110,330▲
2024 · €88,716
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €50,965 | €52,489 | €103,262 | €88,716 | €110,330 | ▲ 24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €113,108 | €112,560 | €97,183 | €91,150 | €93,276 | ▲ 2.3% |
| Other operating charges640/8 | €21,243 | €9,925 | €15,428 | €12,782 | €10,705 | ▼ 16.2% |
| Gross operating margin9900 | €345,218 | €377,730 | €379,940 | €407,389 | €438,881 | ▲ 7.7% |
| Operating profit (loss)9901 | €159,901 | €202,755 | €164,067 | €214,741 | €224,569 | ▲ 4.6% |
| Financial income75/76B | €1,468 | €1,554 | €1,328 | €6,618 | €5,821 | ▼ 12.0% |
| Recurring financial income75 | €1,468 | €1,554 | €1,328 | €6,618 | €5,821 | ▼ 12.0% |
| Financial charges65/66B | €23,707 | €22,469 | €23,089 | €24,370 | €21,014 | ▼ 13.8% |
| Recurring financial charges65 | €23,707 | €22,469 | €23,089 | €24,370 | €21,014 | ▼ 13.8% |
| Profit (loss) for the period before taxes9903 | €137,663 | €181,840 | €142,305 | €196,989 | €209,376 | ▲ 6.3% |
| Income taxes67/77 | €47,583 | €63,074 | €55,199 | €80,368 | €78,771 | ▼ 2.0% |
| Profit (loss) for the period9904 | €90,079 | €118,766 | €87,107 | €116,620 | €130,605 | ▲ 12.0% |
| Profit (loss) for the period to be appropriated9905 | €90,079 | €118,766 | €87,107 | €116,620 | €130,605 | ▲ 12.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.3m | €1.2m | €1.3m | €1.2m | ▼ 3.7% |
| Fixed assets21/28 | €980,668 | €907,618 | €815,071 | €739,852 | €673,971 | ▼ 8.9% |
| Intangible fixed assets21 | €15,923 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €963,396 | €906,269 | €813,722 | €738,503 | €672,622 | ▼ 8.9% |
| Land and buildings22 | €716,200 | €675,703 | €627,125 | €581,719 | €537,098 | ▼ 7.7% |
| Furniture and vehicles24 | €14,951 | €18,333 | €7,314 | €12,599 | €10,970 | ▼ 12.9% |
| Other tangible fixed assets26 | €232,245 | €212,233 | €179,283 | €144,185 | €124,554 | ▼ 13.6% |
| Financial fixed assets28 | €1,349 | €1,349 | €1,349 | €1,349 | €1,349 | = |
| Current assets29/58 | €358,715 | €439,225 | €430,556 | €515,457 | €535,099 | ▲ 3.8% |
| Amounts receivable within one year40/41 | €34,685 | €47,835 | €22,300 | €16,314 | €27,304 | ▲ 67.4% |
| Trade receivables40 | €22,269 | €35,418 | €17,499 | €16,314 | €27,304 | ▲ 67.4% |
| Other amounts receivable41 | €12,417 | €12,417 | €4,801 | €0 | - | - |
| Cash at bank and in hand54/58 | €320,304 | €390,007 | €407,174 | €496,278 | €505,126 | ▲ 1.8% |
| Deferred charges and accrued income490/1 | €3,726 | €1,383 | €1,082 | €2,866 | €2,668 | ▼ 6.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.2m | €1.3m | €1.2m | ▼ 3.7% |
| Equity10/15 | €300,769 | €351,363 | €386,245 | €441,479 | €498,751 | ▲ 13.0% |
| Contributions10/11 | €57,400 | €57,400 | €57,400 | €57,400 | €57,400 | = |
| Reserves13 | €243,369 | €293,963 | €328,845 | €384,079 | €441,351 | ▲ 14.9% |
| Non-distributable reserves130/1 | €6,400 | €6,400 | €6,400 | €6,400 | €6,400 | = |
| Reserves not available under the articles1311 | €6,400 | €6,400 | €6,400 | €6,400 | €6,400 | = |
| Distributable reserves133 | €236,969 | €287,563 | €322,445 | €377,679 | €434,951 | ▲ 15.2% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.0m | €995,480 | €859,382 | €813,830 | €710,319 | ▼ 12.7% |
| Amounts payable after more than one year17 | €722,716 | €630,613 | €536,165 | €439,300 | €354,694 | ▼ 19.3% |
| Financial debts170/4 | €722,716 | €630,613 | €536,165 | €439,300 | €354,694 | ▼ 19.3% |
| Amounts payable within one year42/48 | €301,669 | €351,752 | €309,851 | €361,609 | €340,451 | ▼ 5.9% |
| Current portion of amounts payable after more than one year42 | €89,830 | €92,103 | €94,448 | €96,865 | €84,606 | ▼ 12.7% |
| Trade debts44 | €186,119 | €224,559 | €189,285 | €230,855 | €207,449 | ▼ 10.1% |
| Suppliers440/4 | €109,901 | €153,012 | €108,634 | €135,335 | €128,272 | ▼ 5.2% |
| Bills of exchange payable441 | €76,218 | €71,548 | €80,651 | €95,520 | €79,177 | ▼ 17.1% |
| Taxes, remuneration and social security45 | €24,883 | €19,839 | €26,118 | €33,889 | €39,871 | ▲ 17.7% |
| Taxes450/3 | €16,166 | €11,702 | €12,352 | €20,259 | €31,560 | ▲ 55.8% |
| Remuneration and social security454/9 | €8,717 | €8,137 | €13,765 | €13,630 | €8,311 | ▼ 39.0% |
| Other amounts payable47/48 | €837 | €15,250 | €0 | - | €8,525 | - |
| Accrued charges and deferred income492/3 | €14,229 | €13,115 | €13,366 | €12,922 | €15,174 | ▲ 17.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,079 | €118,766 | €87,107 | €116,620 | €130,605 | ▲ 12.0% |
| + Depreciation and write-downs630 | €113,108 | €112,560 | €97,183 | €91,150 | €93,276 | ▲ 2.3% |
| Operating cash flow (approximation) | €203,187 | €231,326 | €184,290 | €207,770 | €223,882 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | -€39,510 | -€4,636 | -€15,931 | -€27,396 | ▼ 72.0% |
| Change in cash | - | €69,703 | €17,166 | €89,104 | €8,848 | ▼ 90.1% |
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
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €130,605 ▲12%
Operating result €224,569, net result €130,605, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €73,480 ▼19.8%
Net result drops to €73,480, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Chimay · 1 establishment unit since 1994
Ground area
392 m²
Building footprint
158 m²
Parcel 56016D0424/00D002, Wallonia. Linked by address, not a title deed.
1 establishment unit
MICHAUX SPRL
since 19942.066.861.449
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56016D0424/00D002 | Wallonia | 392 m² | 1 · 158 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,671 companies in sector 66220 we hold annual accounts for 3,220. 2,594 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-05-1994
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452669108
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.