MICHEL HACKING
ActiveMICHEL HACKING has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €216k and a net result of €36k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 80% of 11282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-16
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 4.59 against 6.22 in 2024; short-term debt: 21.5% and cash: 0.4% of total assets), and 21.5% 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 · 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
78.5%
Return on assets
13.1%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
22 d late
2023
50 d late
2022
60 d late
2021
61 d late
2020
81 d late
2019
86 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€216k▼ 25.6%
2024 · €290k
2018: €147k
2019: €148k
2020: €171k
2021: €217k
2022: €236k
2023: €274k
2024: €290k
2018 → 2025
Total assets
€275k▼ 20.3%
2024 · €345k
2018: €189k
2019: €194k
2020: €225k
2021: €271k
2022: €295k
2023: €324k
2024: €345k
2018 → 2025
Net result
€36k▼ 6.7%
2024 · €39k
2018: €22k
2019: €608
2020: €23k
2021: €46k
2022: €42k
2023: €38k
2024: €39k
2018 → 2025
Working capital
€213k▼ 26.0%
2024 · €288k
2018: €141k
2019: €145k
2020: €170k
2021: €217k
2022: €236k
2023: €274k
2024: €288k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€217k-€236k▲ 8.8%€274k▲ 15.9%€290k▲ 6.1%€216k▼ 25.6%
Operating result€72k-€50k▼ 30.0%€45k▼ 10.6%€42k▼ 7.2%€53k▲ 26.7%
Net result€46k-€42k▼ 8.5%€38k▼ 10.9%€39k▲ 2.7%€36k▼ 6.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €275k
Fixed assets
€3k▲ 22.2%
Current assets
€272k▼ 20.6%
Equity and liabilities €275k
Equity
€216k▼ 25.6%
Debt
€59k▲ 7.4%
The debt ratio rises from 16.0% to 21.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€54k▲
2024 · €42k
Cash flow
€37k▼
2024 · €39k
Solvency
78.5%▼
2024 · 84.0%
Current ratio
4.59▼
2024 · 6.22
Quick ratio
4.59▼
2024 · 6.22
Debt / equity
0.27▲
2024 · 0.19
ROE
16.6%▲
2024 · 13.3%
ROA
13.1%▲
2024 · 11.2%
Interest coverage
3.80▼
2024 · 21.69
Debt
€59k▲
2024 · €55k
Debt ≤ 1 year
€59k▲
2024 · €55k
Income taxes
€19k▼
2024 · €21k
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€345k€275k▼
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Furniture and vehicles24€2k€3k▲
Current assets29/58€343k€272k▼
Amounts receivable within one year40/41€343k€271k▼
Trade receivables40€12k€3k▼
Other amounts receivable41€331k€269k▼
Cash at bank and in hand54/58-€989
Deferred charges and accrued income490/1€29€30▲
Equity and liabilities
Total equity and liabilities10/49€345k€275k▼
Equity10/15€290k€216k▼
Contributions10/11€6k€6k=
Reserves13€187k€113k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€185k€111k▼
Profit (loss) carried forward14€97k€97k=
Amounts payable17/49€55k€59k▲
Amounts payable within one year42/48€55k€59k▲
Financial debts43€160-
Credit institutions430/8€160-
Trade debts44€762€3k▲
Suppliers440/4€762€3k▲
Taxes, remuneration and social security45€49k€51k▲
Taxes450/3€49k€51k▲
Other amounts payable47/48€5k€5k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€474€1k▲
Other operating charges640/8€1k€247▼
Gross operating margin9900€44k€54k▲
Operating profit (loss)9901€42k€53k▲
Financial income75/76B€20k€16k▼
Recurring financial income75€20k€16k▼
Financial charges65/66B€2k€14k▲
Recurring financial charges65€2k€14k▲
Profit (loss) for the period before taxes9903€60k€55k▼
Income taxes67/77€21k€19k▼
Profit (loss) for the period9904€39k€36k▼
Profit (loss) for the period to be appropriated9905€39k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€135k€133k▼
Profit (loss) brought forward from the previous period14P€96k€97k▲
Transfer from equity791/2€22k€110k▲
Transfer to equity691/2€38k€36k▼
To the legal reserve6920€38k€36k▼
Profit to be distributed694/7€22k€110k▲
Return on contributions (dividend)694€22k€110k▲
The notes to these accounts (5 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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
28-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 2026-01-26
- Registered-office move, Pré d'Amite 17 boîte C, 5340 Gesves
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €46k ▲101%
Operating result €72k, net result €46k, both a record.
31-12
Financial
Equity above €200kEq €217k ▲27%
4 profitable years in a row build equity to €217k.
20-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 81 days late
2020
31-12
Financial
Equity above €150kEq €171k ▲15.5%
3 profitable years in a row build equity to €171k.
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 86 days late
2019
31-12
Financial
Weakest financial yearnet €608 ▼97.2%
Net result drops to €608, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gesves
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.
Pré d'Amite 175340 GesvesGround area
527 m²
Building footprint
99 m²
Parcel 92054A0061/00F000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92054A0061/00F000 | Wallonia | 527 m² | 1 · 99 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
CERAMITAL
BE 0445.321.159
Zoersel · Eq €216k
IMO
BE 0896.768.166
Houthalen-Helchteren · Eq €217k
RIK'S VERWARMINGSSERVICE
BE 0859.811.067
Zonhoven · Eq €215k
TB SOLUTIONS
BE 0449.500.968
Mol · Eq €217k
INFRA SALES
BE 0838.994.174
Berlare · Eq €215k
Of 1,137 companies in sector 46130 we hold annual accounts for 646. 504 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-07-2009
Fiscal year end31-12
Activities, NACEBEL
46130Agents in the wholesale of timber and building materials
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.