MICHEL-VALVERDE
ActiveMICHEL-VALVERDE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €272k and a net result of €28k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 63% of 1832 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-5
Solvency76▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.13 against 1.35 in 2024; short-term debt: 34.5% and cash: 3.2% of total assets), and 48.9% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
51.1%
Return on assets
5.2%
Age of the figures
9 mo
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
on the day
2022
5 d early
2021
4 d early
2020
5 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€28k▼ 40.9%
2024 · €47k
2018: €-11k
2019: €4k
2020: €40k
2021: €11k
2022: €37k
2023: €11k
2024: €47k
2018 → 2025
Working capital
€25k▼ 59.6%
2024 · €61k
2018: €-60k
2019: €-71k
2020: €-19k
2021: €2k
2022: €9k
2023: €49k
2024: €61k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€150k-€187k▲ 24.3%€198k▲ 6.0%€245k▲ 23.6%€272k▲ 11.3%
Operating result€18k-€46k▲ 162%€54k▲ 17.1%€69k▲ 28.4%€53k▼ 23.1%
Net result€11k-€37k▲ 218%€11k▼ 69.3%€47k▲ 317%€28k▼ 40.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €533k
Fixed assets
€325k▲ 5.6%
Current assets
€208k▼ 10.8%
Equity and liabilities €533k
Equity
€272k▲ 11.3%
Debt
€261k▼ 12.0%
The debt ratio falls from 54.8% to 48.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€99k▼
2024 · €102k
Cash flow
€73k▼
2024 · €79k
Solvency
51.1%▲
2024 · 45.2%
Current ratio
1.13▼
2024 · 1.35
Quick ratio
0.15▼
2024 · 0.55
Debt / equity
0.96▼
2024 · 1.21
ROE
10.1%▼
2024 · 19.1%
ROA
5.2%▼
2024 · 8.6%
Interest coverage
10.75▲
2024 · 10.60
Debt
€261k▼
2024 · €297k
Debt ≤ 1 year
€184k▲
2024 · €173k
Debt > 1 year
€77k▼
2024 · €124k
Income taxes
€16k▲
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€541k€533k▼
Fixed assets21/28€308k€325k▲
Tangible fixed assets22/27€301k€319k▲
Land and buildings22€238k€230k▼
Plant, machinery and equipment23€32k€46k▲
Furniture and vehicles24€31k€43k▲
Financial fixed assets28€6k€6k▼
Current assets29/58€234k€208k▼
Stocks and contracts in progress3€139k€181k▲
Stocks30/36€139k€181k▲
Amounts receivable within one year40/41€51k€11k▼
Trade receivables40€47k€4k▼
Other amounts receivable41€4k€7k▲
Cash at bank and in hand54/58€43k€17k▼
Equity and liabilities
Total equity and liabilities10/49€541k€533k▼
Equity10/15€245k€272k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Share premium1100/10€19k-
Revaluation surpluses12€160k€160k=
Reserves13€9k€9k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€7k€7k=
Profit (loss) carried forward14€57k€85k▲
Amounts payable17/49€297k€261k▼
Amounts payable after more than one year17€124k€77k▼
Financial debts170/4€35k€21k▼
Other amounts payable178/9€89k€56k▼
Amounts payable within one year42/48€173k€184k▲
Current portion of amounts payable after more than one year42€22k€18k▼
Trade debts44€140k€165k▲
Suppliers440/4€140k€165k▲
Taxes, remuneration and social security45€8k€55▼
Taxes450/3€8k€55▼
Other amounts payable47/48€3k€438▼
Income statement
Code20242025
Non-recurring operating income76A-€17k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€45k▲
Other operating charges640/8€85k€12k▼
Gross operating margin9900€187k€110k▼
Operating profit (loss)9901€69k€53k▼
Financial income75/76B€0€114▲
Recurring financial income75€0€114▲
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€60k€44k▼
Income taxes67/77€13k€16k▲
Profit (loss) for the period9904€47k€28k▼
Profit (loss) for the period to be appropriated9905€47k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57k€85k▲
Profit (loss) brought forward from the previous period14P€11k€57k▲
The notes to these accounts (11 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €47k ▲317%
Operating result €69k, net result €47k, both a record.
31-12
Financial
Equity above €200kEq €245k ▲23.6%
6 profitable years in a row build equity to €245k.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150kEq €150k ▲8.3%
3 profitable years in a row build equity to €150k.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €100kEq €139k ▲40.8%
2 profitable years in a row build equity to €139k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
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
2 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, Tournai · 1 establishment unit since 2000
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 Général Leman(VEZ) 167538 TournaiGround area
2,332 m²
Building footprint
841 m²
Volume, LiDAR
4,012 m³
2 parcels, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MICHEL-VALVERDE SRL
since 20002.103.172.806
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57463L0173/00M003 | Wallonia | 1,545 m² | 1 · 714 m² | 5.9 m · 2 fl. |
| 57084B0235/00L000 | Wallonia | 787 m² | 1 · 128 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTournai2.103.172.806
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Of 12,603 companies in sector 49410 we hold annual accounts for 8,196. 5,945 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-08-2000
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
49410Freight transport by road
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 25 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.