Financials
- Fiscal year
- 2025
- Total assets
- €34,171
- Profit
- €2,805
- Solvency
- 9.7%
MICHCELI
ActiveSummary
The computed 12-month bankruptcy probability of MICHCELI is 2.1% (moderate). The 2025 annual accounts show equity of €3,305 and a net result of €2,805. Its solvency ranks better than 14% of 30651 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
1 site
Size
€34,171total assets 2025
- Equity
- €3,305
- Profit
- €2,805
Turnover not published (abridged schema)
Structure
Accounts filed 12 d late0 of 1 deed read
Why 52- Founded in 2025- Sector Specialised construction activities (NACE 43)- Equity €3,305 (9.7% of total assets)- Liquidity: current ratio 0.39, cash €2,038Show the evidence
Checked score
Score 2025
52
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 27% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Financial strength
Weak
Solvency
35
equity 9.7% of total assets
Liquidity
20
short-term debt 70.3% · cash 6.0%
Profitability
79
return on assets 8.2%
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 13 months
08-2026: 1.9%lowest value
09-2026: 2.1%▲ +9.4% vs 08-2026
10-2026: 2.1%▲ +0.9% vs 09-2026highest value
- Founded in 2025 raises the probability for this profile
- Sector Specialised construction activities (NACE 43) raises the probability
- Equity €3,305 (9.7% of total assets) raises the probability
- Liquidity: current ratio 0.39, cash €2,038 raises the probability
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 14%, liquidity 11%, profitability 58%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 30651 sector peers (2025).
NBB · sector comparisonPosition among 30651 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filingDeviation from the deadline
2025
12 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · micro…
Key points
By topic
Timeline
- Events
- 1
- Since
- 2026
- 12-08-2026Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 23-07-2025
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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