MICHEL STALS
ActiveMICHEL STALS has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €357k and a net result of €126k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 64% of 16527 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+7
Solvency100▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.09 against 2.97 in 2024; short-term debt: 23.9% and cash: 10.1% of total assets), and 23.9% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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
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
76.1%
Return on assets
26.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
30 d late
2023
29 d late
2022
29 d late
2021
30 d late
2020
31 d early
2019
82 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€126k▲ 30.3%
2024 · €97k
2018: €177k
2019: €129k
2020: €95k
2021: €109k
2022: €8k
2023: €-3k
2024: €97k
2018 → 2025
Working capital
€345k▲ 11.7%
2024 · €309k
2018: €280k
2019: €315k
2020: €298k
2021: €304k
2022: €322k
2023: €314k
2024: €309k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€362k-€382k▲ 5.5%€365k▼ 4.6%€332k▼ 9.1%€357k▲ 7.5%
Operating result€171k-€4k▼ 97.7%€1k▼ 66.0%€148k▲ 11,166%€190k▲ 28.4%
Net result€109k-€8k▼ 92.2%€-3k€97k€126k▲ 30.3%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €468k
Fixed assets
€11k▼ 50.1%
Current assets
€457k▼ 1.9%
Equity and liabilities €468k
Equity
€357k▲ 7.5%
Debt
€112k▼ 28.7%
The debt ratio falls from 32.1% to 23.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€201k▲
2024 · €160k
Cash flow
€137k▲
2024 · €108k
Solvency
76.1%▲
2024 · 67.9%
Current ratio
4.09▲
2024 · 2.97
Quick ratio
4.09▲
2024 · 2.97
Debt / equity
0.31▼
2024 · 0.47
ROE
35.3%▲
2024 · 29.1%
ROA
26.9%▲
2024 · 19.8%
Interest coverage
47.23▲
2024 · 37.22
Debt
€112k▼
2024 · €157k
Debt ≤ 1 year
€112k▼
2024 · €157k
Income taxes
€61k▲
2024 · €47k
Staff costs
€14k▼
2024 · €29k
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€489k€468k▼
Fixed assets21/28€23k€11k▼
Tangible fixed assets22/27€22k€11k▼
Land and buildings22€0-
Plant, machinery and equipment23€94-
Furniture and vehicles24€22k€11k▼
Financial fixed assets28€260-
Current assets29/58€466k€457k▼
Amounts receivable within one year40/41€17k€2k▼
Trade receivables40€193-
Other amounts receivable41€16k€2k▼
Current investments50/53€250k€404k▲
Cash at bank and in hand54/58€194k€47k▼
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€489k€468k▼
Equity10/15€332k€357k▲
Contributions10/11€19k€19k=
Reserves13€313k€338k▲
Distributable reserves133€313k€338k▲
Profit (loss) carried forward14€51€51=
Amounts payable17/49€157k€112k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€157k€112k▼
Current portion of amounts payable after more than one year42€15k-
Trade debts44€810€252▼
Suppliers440/4€810€252▼
Taxes, remuneration and social security45€18k€11k▼
Taxes450/3€14k€11k▼
Remuneration and social security454/9€4k-
Other amounts payable47/48€123k€101k▼
Income statement
Code20242025
Remuneration, social security and pensions62€29k€14k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Other operating charges640/8€2k€2k▲
Non-recurring operating charges66A€18k-
Gross operating margin9900€210k€218k▲
Operating profit (loss)9901€148k€190k▲
Financial income75/76B€57€626▲
Recurring financial income75€57€626▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€144k€187k▲
Income taxes67/77€47k€61k▲
Profit (loss) for the period9904€97k€126k▲
Profit (loss) for the period to be appropriated9905€97k€126k▲
Appropriation of the result
Profit (loss) to be appropriated9906€95k€126k▲
Profit (loss) brought forward from the previous period14P€-2k€51▲
Transfer from equity791/2€129k€101k▼
Transfer to equity691/2€94k€126k▲
To other reserves6921€94k€126k▲
Profit to be distributed694/7€130k€101k▼
Return on contributions (dividend)694€130k€101k▼
The notes to these accounts (9 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Back to profitnet €97k
Net result €97k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-3k ▼136%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 11.99
Current ratio from 2.96 to 11.99; short-term debt falls from €155k to €29k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 82 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 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, Liège · 1 establishment unit since 1991
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.
Avenue de la Paix 24030 LiègeGround area
162 m²
Building footprint
113 m²
Volume, LiDAR
1,065 m³
Parcel 62302C0506/00F019, Wallonia · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de la Paix 2, 4030 Liège
since 19912.249.223.033
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62302C0506/00F019 | Wallonia | 162 m² | 1 · 113 m² | 10.4 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500N97LMX9MXQE236
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Of 6,942 companies in sector 86230 we hold annual accounts for 4,291. 3,629 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-03-1991
Fiscal year end31-12
Activities, NACEBEL
86230Dental practice
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:jacqcolli@hotmail.fr
Phone:043426758