MICHAUX.M
ActiveMICHAUX.M has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €802k and a net result of €-1k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 95% of 4504 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 40.4 against 4.12 in 2024), and 0.5% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
99.5%
Return on assets
-0.2%
Age of the figures
8 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 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
121 d early
2024
65 d early
2023
6 d late
2022
2 d early
2021
29 d late
2020
31 d late
2019
102 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1k▲ 90.3%
2024 · €-14k
2018: €14k
2019: €12k
2020: €6k
2021: €-21k
2022: €-2k
2023: €2k
2024: €-14k
2018 → 2025
Working capital
€67k▲ 110%
2024 · €32k
2018: €37k
2019: €41k
2020: €52k
2021: €16k
2022: €15k
2023: €17k
2024: €32k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€18k-€16k▼ 10.0%€18k▲ 9.5%€803k▲ 4,415%€802k▼ 0.2%
Operating result€-19k-€107€3k▲ 3,108%€-16k€-3k▲ 79.2%
Net result€-21k-€-2k▲ 91.4%€2k€-14k€-1k▲ 90.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €806k
Fixed assets
€737k▼ 4.7%
Current assets
€69k▲ 63.0%
Equity and liabilities €806k
Equity
€802k▼ 0.2%
Debt
€4k▼ 66.5%
The debt ratio falls from 1.5% to 0.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€33k▲
2024 · €18k
Cash flow
€35k▲
2024 · €19k
Solvency
99.5%▲
2024 · 98.5%
Current ratio
40.40▲
2024 · 4.12
Quick ratio
38.12▲
2024 · 3.74
Debt / equity
0.01▼
2024 · 0.02
ROE
-0.2%▲
2024 · -1.8%
ROA
-0.2%▲
2024 · -1.8%
Interest coverage
31.69▲
2024 · 20.41
Debt
€4k▼
2024 · €13k
Debt ≤ 1 year
€2k▼
2024 · €10k
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€816k€806k▼
Fixed assets21/28€774k€737k▼
Tangible fixed assets22/27€772k€736k▼
Land and buildings22€767k€731k▼
Plant, machinery and equipment23€5k€5k▼
Financial fixed assets28€2k€2k=
Current assets29/58€42k€69k▲
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€34k€55k▲
Other amounts receivable41€34k€55k▲
Cash at bank and in hand54/58€181€6k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€816k€806k▼
Equity10/15€803k€802k▼
Contributions10/11€819k€819k=
Capital10€819k€819k=
Issued capital100€819k€819k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-17k€-18k▼
Amounts payable17/49€13k€4k▼
Amounts payable within one year42/48€10k€2k▼
Financial debts43€10k-
Credit institutions430/8€10k-
Trade debts44€122€2k▲
Suppliers440/4€122€2k▲
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€36k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€21k€37k▲
Operating profit (loss)9901€-16k€-3k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€858€1k▲
Recurring financial charges65€858€1k▲
Profit (loss) for the period before taxes9903€-14k€-1k▲
Profit (loss) for the period9904€-14k€-1k▲
Profit (loss) for the period to be appropriated9905€-14k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-18k▼
Profit (loss) brought forward from the previous period14P€-3k€-17k▼
The notes to these accounts (4 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
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 10current ratio 40.40
Current ratio from 4.12 to 40.40; short-term debt falls from €10k to €2k.
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500kEq €803k ▲4415%
Equity rises from €18k to €803k.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet €-21k ▼479%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 2.85
Current ratio from 1.32 to 2.85; short-term debt falls from €128k to €28k.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 102 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 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, Fernelmont · 1 establishment unit since 2002
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 du Jonckay, Bierw. 195380 FernelmontGround area
130 m²
Building footprint
83 m²
Parcel 92012B0018/00V002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Jonckay, Bierw. 19, 5380 Fernelmont
since 20022.099.002.794
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92012B0018/00V002 | Wallonia | 130 m² | 1 · 83 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.
Similar companies · same sector, comparable size
LAUVA - IMMO
BE 0462.596.562
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ANLIMCO
BE 0870.422.570
Heist-op-den-Berg · Eq €803k
DE BOCK INVEST
BE 0830.840.236
Beveren-Kruibeke-Zwijndrecht · Eq €803k
BAILLI MANAGEMENT
BE 0474.834.301
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YVAN GEENS
BE 0430.726.817
Knokke-Heist · Eq €801k
Of 9,095 companies in sector 68201 we hold annual accounts for 6,728. 4,918 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-2002
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.