MICHEL S
ActiveSummary
MICHEL S has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €107k and a net result of €-12k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 57% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▼-9
Solvency66▼-9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.91 against 1.18 in 2023; short-term debt: 56.6% and cash: 7.2% of total assets), and 59% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
41%
Return on assets
-4.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
on the day
2022
18 d late
2021
18 d late
2020
1 d early
2019
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€107k▼ 31.0%
2023 · €156k
2018: €93k
2019: €129k
2020: €172k
2021: €187k
2022: €149k
2023: €156k
2018 → 2024
Total assets
€262k▼ 15.2%
2023 · €309k
2018: €217k
2019: €240k
2020: €274k
2021: €360k
2022: €358k
2023: €309k
2018 → 2024
Net result
€-12k
2023 · €7k
2018: €4k
2019: €36k
2020: €44k
2021: €15k
2022: €-38k
2023: €7k
2018 → 2024
Working capital
€-14k
2023 · €21k
2018: €17k
2019: €59k
2020: €85k
2021: €90k
2022: €10k
2023: €21k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€172k-€187k▲ 8.5%€149k▼ 20.4%€156k▲ 4.8%€107k▼ 31.0%
Operating result€62k-€19k▼ 68.7%€-35k€11k€-10k
Net result€44k-€15k▼ 66.5%€-38k€7k€-12k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €10k after €11k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €262k
Fixed assets
€128k ▼ 23.1%
Current assets
€134k ▼ 6.1%
Equity and liabilities €262k
Equity
€107k ▼ 31.0%
Debt
€154k ▲ 0.9%
Debt's share of the balance-sheet total rises from 49.5% to 59.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€43k▼
2023 · €63k
Cash flow
€41k▼
2023 · €60k
Current ratio
0.91▼
2023 · 1.18
Quick ratio
0.71▼
2023 · 0.98
Debt to equity
1.44▲
2023 · 0.98
ROE
-11.3%▼
2023 · 4.7%
ROA
-4.6%▼
2023 · 2.4%
Interest coverage
20.22▼
2023 · 25.26
Debt ≤ 1 year
€148k▲
2023 · €122k
Debt > 1 year
€6k▼
2023 · €31k
Income taxes
€647▼
2023 · €1k
Staff costs
€157k▼
2023 · €178k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 54 lines
Balance sheet
Code20232024
Assets
Total assets20/58€309k€262k▼
Fixed assets21/28€166k€128k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€164k€126k▼
Plant, machinery and equipment23€91k€76k▼
Furniture and vehicles24€73k€50k▼
Current assets29/58€143k€134k▼
Stocks and contracts in progress3€24k€30k▲
Stocks30/36€24k€30k▲
Amounts receivable within one year40/41€64k€83k▲
Trade receivables40€2k-
Other amounts receivable41€62k€83k▲
Cash at bank and in hand54/58€52k€19k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€309k€262k▼
Equity10/15€156k€107k▼
Contributions10/11€19k€19k=
Reserves13€90k€54k▼
Distributable reserves133€90k€54k▼
Profit (loss) carried forward14€47k€34k▼
Investment grants15€911€684▼
Amounts payable17/49€153k€154k▲
Amounts payable after more than one year17€31k€6k▼
Financial debts170/4€31k€6k▼
Amounts payable within one year42/48€122k€148k▲
Current portion of amounts payable after more than one year42€37k€25k▼
Financial debts43€7k€667▼
Credit institutions430/8€7k€667▼
Trade debts44€11k€1k▼
Suppliers440/4€11k€1k▼
Taxes, remuneration and social security45€19k€37k▲
Taxes450/3€5k€18k▲
Remuneration and social security454/9€14k€18k▲
Other amounts payable47/48€48k€84k▲
Income statement
Code20232024
Remuneration, social security and pensions62€178k€157k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52k€53k▲
Other operating charges640/8€2k€944▼
Gross operating margin9900€242k€201k▼
Operating profit (loss)9901€11k€-10k▼
Financial income75/76B€613€446▼
Recurring financial income75€613€446▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€9k€-11k▼
Income taxes67/77€1k€647▼
Profit (loss) for the period9904€7k€-12k▼
Profit (loss) for the period to be appropriated9905€7k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€34k▼
Profit (loss) brought forward from the previous period14P€47k€47k=
Transfer from equity791/2-€36k
Transfer to equity691/2€7k-
To other reserves6921€7k-
Profit to be distributed694/7-€36k
Return on contributions (dividend)694-€36k
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-12
Financial
Equity above €150kEq €156k ▲4.8%
Equity rises from €149k to €156k.
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Weakest financial yearnet €-38k ▼355%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
18-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €44k ▲23.5%
Net result €44k, the highest in the series.
31-12
Financial
Equity above €150kEq €172k ▲34%
3 profitable years in a row build equity to €172k.
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €129k ▲37.7%
2 profitable years in a row build equity to €129k.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 1998
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.
Araucarialaan 481020 BrusselGround area
735 m²
Building footprint
377 m²
Volume, LiDAR
5,629 m³
Parcel 21818E0232/00T005, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SPRL MICHEL "S"
since 19982.087.007.062
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818E0232/00T005 | Brussels | 735 m² | 1 · 377 m² | 18.8 m · 5 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
Medistock
BE 0824.494.456
Maasmechelen · Eq €107,438
NH Management
BE 0891.880.851
Dalhem · Eq €106,954
EODIS
BE 0707.731.596
Ham-sur-Heure-Nalinnes · Eq €105,815
Mobiel Kwestie
BE 0638.933.159
Diksmuide · Eq €109,290
SYMPHONIE SCHEFFERS
BE 0794.858.976
Overijse · Eq €105,546
Of 1,070 companies in sector 47741 we hold annual accounts for 644. 494 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-05-1998
Fiscal year end31-12
Activities, NACEBEL 2025
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
47742Retail sale of prescription glasses, lenses and sunglasses
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.