MICHEL - LAMBERTY
ActiveMICHEL - LAMBERTY has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €694k and a net result of €321k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 52% of 2029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94▼-1
Solvency69▼-31
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 3.61 in 2024; short-term debt: 55.5% and cash: 49.6% of total assets), and 55.8% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
44.2%
Return on assets
20.5%
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
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 26-03-2026, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
115 d early
2023
111 d early
2022
143 d early
2021
139 d early
2020
142 d early
2019
143 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
16-09-2026 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
€321k▲ 23.8%
2024 · €260k
2018: €365k
2019: €283k
2020: €290k
2021: €282k
2022: €319k
2023: €223k
2024: €260k
2018 → 2025
Working capital
€269k▼ 57.6%
2024 · €634k
2018: €381k
2019: €424k
2020: €581k
2021: €807k
2022: €100k
2023: €340k
2024: €634k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.20M-€521k▼ 56.7%€743k▲ 42.7%€1.00M▲ 34.9%€694k▼ 30.8%
Operating result€378k-€426k▲ 12.7%€300k▼ 29.7%€342k▲ 14.2%€411k▲ 20.2%
Net result€282k-€319k▲ 13.1%€223k▼ 30.2%€260k▲ 16.6%€321k▲ 23.8%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 20% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.57M
Fixed assets
€430k▲ 12.5%
Current assets
€1.14M▲ 30.0%
Equity and liabilities €1.57M
Equity
€694k▼ 30.8%
Debt
€875k▲ 242%
The debt ratio rises from 20.3% to 55.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€465k▲
2024 · €400k
Cash flow
€375k▲
2024 · €317k
Solvency
44.2%▼
2024 · 79.7%
Current ratio
1.31▼
2024 · 3.61
Quick ratio
1.01▼
2024 · 2.57
Debt / equity
1.26▲
2024 · 0.25
ROE
46.3%▲
2024 · 25.9%
ROA
20.5%▼
2024 · 20.6%
Interest coverage
292.71▲
2024 · 57.60
Debt
€875k▲
2024 · €256k
Debt ≤ 1 year
€871k▲
2024 · €243k
Debt > 1 year
€290▼
2024 · €9k
Income taxes
€103k▲
2024 · €92k
Staff costs
€921k▲
2024 · €876k
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€1.26M€1.57M▲
Fixed assets21/28€382k€430k▲
Intangible fixed assets21-€2k
Tangible fixed assets22/27€382k€427k▲
Land and buildings22€325k€299k▼
Furniture and vehicles24€57k€128k▲
Current assets29/58€877k€1.14M▲
Stocks and contracts in progress3€253k€263k▲
Stocks30/36€236k€223k▼
Contracts in progress37€17k€40k▲
Amounts receivable within one year40/41€105k€72k▼
Trade receivables40€93k€53k▼
Other amounts receivable41€11k€19k▲
Cash at bank and in hand54/58€495k€779k▲
Deferred charges and accrued income490/1€23k€25k▲
Equity and liabilities
Total equity and liabilities10/49€1.26M€1.57M▲
Equity10/15€1.00M€694k▼
Contributions10/11€25k€25k=
Reserves13€3k€3k=
Distributable reserves133€3k€3k=
Profit (loss) carried forward14€975k€667k▼
Amounts payable17/49€256k€875k▲
Amounts payable after more than one year17€9k€290▼
Financial debts170/4€9k€290▼
Amounts payable within one year42/48€243k€871k▲
Current portion of amounts payable after more than one year42€23k€9k▼
Trade debts44€145k€145k▼
Suppliers440/4€145k€145k▼
Taxes, remuneration and social security45€74k€87k▲
Taxes450/3€14k€38k▲
Remuneration and social security454/9€60k€48k▼
Other amounts payable47/48€188€630k▲
Accrued charges and deferred income492/3€4k€4k▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€876k€921k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€53k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-406€-271▲
Other operating charges640/8€10k€11k▲
Non-recurring operating charges66A-€4k
Gross operating margin9900€1.29M€1.40M▲
Operating profit (loss)9901€342k€411k▲
Financial income75/76B€16k€15k▼
Recurring financial income75€16k€15k▼
Financial charges65/66B€7k€2k▼
Recurring financial charges65€7k€2k▼
Profit (loss) for the period before taxes9903€351k€424k▲
Income taxes67/77€92k€103k▲
Profit (loss) for the period9904€260k€321k▲
Profit (loss) for the period to be appropriated9905€260k€321k▲
Appropriation of the result
Profit (loss) to be appropriated9906€975k€1.30M▲
Profit (loss) brought forward from the previous period14P€716k€975k▲
Profit to be distributed694/7-€630k
Return on contributions (dividend)694-€600k
Directors or managers695-€30k
Social balance
Average headcount (FTE)908716.016.5▲
The notes to these accounts (17 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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
07-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €1MEq €1.00M ▲34.9%
7 profitable years in a row build equity to €1.00M.
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €223k ▼30.2%
Net result drops to €223k, the lowest in the series; recovery starts the following year.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €1MEq €1.20M ▲30.6%
4 profitable years in a row build equity to €1.20M.
11-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €500kEq €631k ▲36.4%
2 profitable years in a row build equity to €631k.
12-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-03
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
5 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, Baelen · 1 establishment unit since 2010
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.
Heggen(BLN) 514837 BaelenGround area
689 m²
Building footprint
121 m²
Volume, LiDAR
700 m³
Parcel 63004A0489/00M002, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GERD MICHEL - LAMBERTY
since 20102.194.220.073
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63004A0489/00M002 | Wallonia | 689 m² | 1 · 121 m² | 7.0 m · 2 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.
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Of 7,036 companies in sector 43221 we hold annual accounts for 3,468. 2,016 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-11-2010
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.