Michel BOONEN
ActiveThe annual accounts of Michel BOONEN for fiscal year 2025 show a net loss of 134% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-6k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 381 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency38▼-14
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.31 against 0.18 in 2024; short-term debt: 87.4% of total assets), and 87.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
12.6%
Return on assets
-29.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-6k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 381 sector peers (2025).
NBB · sector comparisonPosition among 381 sector peers
Solvency
better than 18%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
16 d early
2023
1 d early
2022
48 d late
2021
on the day
2020
20 d early
2019
2 d early
← 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
20-09-2026 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
€-6k▼ 48.3%
2024 · €-4k
2018: €-6k
2019: €-8k
2020: €-7k
2021: €-4k
2022: €-6k
2023: €-6k
2024: €-4k
2018 → 2025
Working capital
€-13k▼ 19.3%
2024 · €-11k
2018: €-12k
2019: €-14k
2020: €-14k
2021: €-10k
2022: €-12k
2023: €-12k
2024: €-11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€5k-€3k▼ 40.5%€3k▲ 6.1%€5k▲ 37.4%€3k▼ 43.6%
Operating result€-4k-€-6k▼ 62.0%€-6k▲ 3.5%€-4k▲ 23.2%€-6k▼ 48.3%
Net result€-4k-€-6k▼ 62.0%€-6k▲ 3.5%€-4k▲ 23.2%€-6k▼ 48.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6k in 2025 against €4k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21k
Fixed assets
€15k=
Current assets
€6k▲ 150%
Equity and liabilities €21k
Equity
€3k▼ 43.6%
Debt
€18k▲ 42.7%
The debt ratio rises from 73.3% to 87.4%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
12.6%▼
2024 · 26.7%
Current ratio
0.31▲
2024 · 0.18
Quick ratio
0.31▲
2024 · 0.18
Debt / equity
6.94▲
2024 · 2.74
ROE
-237.2%▼
2024 · -90.3%
ROA
-29.9%▼
2024 · -24.1%
Debt
€18k▲
2024 · €13k
Debt ≤ 1 year
€18k▲
2024 · €13k
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€18k€21k▲
Fixed assets21/28€15k€15k=
Tangible fixed assets22/27€15k€15k=
Land and buildings22€1k€1k=
Plant, machinery and equipment23€4k€4k=
Furniture and vehicles24€10k€10k=
Current assets29/58€2k€6k▲
Amounts receivable within one year40/41€1k€1k=
Trade receivables40€1k€1k=
Current investments50/53€1k€5k▲
Equity and liabilities
Total equity and liabilities10/49€18k€21k▲
Equity10/15€5k€3k▼
Contributions10/11€9k€9k=
Capital10€9k€9k=
Issued capital100€9k€9k=
Reserves13€269€269=
Non-distributable reserves130/1€95€95=
Legal reserve130€95€95=
Distributable reserves133€174€174=
Profit (loss) carried forward14€-4k€-6k▼
Amounts payable17/49€13k€18k▲
Amounts payable within one year42/48€13k€18k▲
Other amounts payable47/48€13k€18k▲
Income statement
Code20242025
Other operating charges640/8€4k€6k▲
Operating profit (loss)9901€-4k€-6k▼
Profit (loss) for the period before taxes9903€-4k€-6k▼
Profit (loss) for the period9904€-4k€-6k▼
Profit (loss) for the period to be appropriated9905€-4k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-13k▼
Profit (loss) brought forward from the previous period14P€-4k€-6k▼
Shareholders' contribution to the loss794€4k€6k▲
The notes to these accounts (1 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 48 days late
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 1993
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 Fonterbois 376032 CharleroiGround area
125 m²
Building footprint
130 m²
Volume, LiDAR
975 m³
Parcel 52352C0112/00S000, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Fonterbois 37, 6032 Charleroi
since 19932.022.368.242
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52352C0112/00S000 | Wallonia | 125 m² | 1 · 130 m² | 10.0 m · 3 fl. |
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
VALNETH
BE 0747.620.867
Brugge · Eq €3k
ATTRACTIONS
BE 0797.738.292
Welkenraedt · Eq €3k
JacoFabro
BE 0749.476.042
Willebroek · Eq €3k
GLOBAL SECURITY SOLUTION
BE 0762.885.796
Dalhem · Eq €2k
FAST CONSULTING
BE 0705.967.186
Seneffe · Eq €3k
Of 2,544 companies in sector 95290 we hold annual accounts for 415. 119 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-03-1983
Fiscal year end31-12
Activities, NACEBEL
52740
95290Repair and maintenance of other personal and household goods
33140Repair and maintenance of electrical equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.