MICHEL WILLEMS
ActiveMICHEL WILLEMS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198k and a net result of €16k. Equity is growing by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 27358 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-59
Solvency90▼-10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 2.1 in 2024), and 43.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 · 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
56.5%
Return on assets
4.6%
Age of the figures
8 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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
1 d early
2023
29 d early
2022
3 d early
2021
1 d early
2020
8 d early
2019
31 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€198k▲ 0.4%
2024 · €197k
2018: €32k
2019: €47k
2020: €53k
2021: €71k
2022: €118k
2023: €136k
2024: €197k
2018 → 2025
Total assets
€350k▲ 21.0%
2024 · €289k
2018: €109k
2019: €180k
2020: €287k
2021: €310k
2022: €316k
2023: €269k
2024: €289k
2018 → 2025
Net result
€16k▼ 77.1%
2024 · €71k
2018: €10k
2019: €15k
2020: €6k
2021: €18k
2022: €46k
2023: €26k
2024: €71k
2018 → 2025
Working capital
€98k▲ 17.1%
2024 · €84k
2018: €27k
2019: €15k
2020: €-21k
2021: €-17k
2022: €1k
2023: €43k
2024: €84k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€71k-€118k▲ 65.4%€136k▲ 15.6%€197k▲ 45.2%€198k▲ 0.4%
Operating result€27k-€61k▲ 127%€38k▼ 37.7%€101k▲ 164%€27k▼ 73.1%
Net result€18k-€46k▲ 153%€26k▼ 43.3%€71k▲ 169%€16k▼ 77.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 73% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €350k
Fixed assets
€105k▼ 18.6%
Current assets
€245k▲ 52.9%
Equity and liabilities €350k
Equity
€198k▲ 0.4%
Debt
€152k▲ 65.1%
The debt ratio rises from 31.8% to 43.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€68k▼
2024 · €137k
Cash flow
€57k▼
2024 · €108k
Solvency
56.5%▼
2024 · 68.2%
Current ratio
1.67▼
2024 · 2.10
Quick ratio
1.62▼
2024 · 2.10
Debt / equity
0.77▲
2024 · 0.47
ROE
8.2%▼
2024 · 35.9%
ROA
4.6%▼
2024 · 24.5%
Interest coverage
13.02▼
2024 · 30.40
Debt
€152k▲
2024 · €92k
Debt ≤ 1 year
€147k▲
2024 · €76k
Debt > 1 year
€5k▼
2024 · €16k
Income taxes
€6k▼
2024 · €26k
Staff costs
€2k
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€289k€350k▲
Fixed assets21/28€129k€105k▼
Tangible fixed assets22/27€129k€105k▼
Land and buildings22€14k€10k▼
Plant, machinery and equipment23€114k€79k▼
Furniture and vehicles24€1k€13k▲
Other tangible fixed assets26-€3k
Financial fixed assets28€25€25=
Current assets29/58€160k€245k▲
Stocks and contracts in progress3-€7k
Stocks30/36-€7k
Amounts receivable within one year40/41€22k€80k▲
Trade receivables40€9k€71k▲
Other amounts receivable41€13k€9k▼
Cash at bank and in hand54/58€135k€153k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€289k€350k▲
Equity10/15€197k€198k▲
Contributions10/11€12k€12k=
Reserves13€185k€186k▲
Distributable reserves133€185k€186k▲
Amounts payable17/49€92k€152k▲
Amounts payable after more than one year17€16k€5k▼
Financial debts170/4€16k€5k▼
Amounts payable within one year42/48€76k€147k▲
Current portion of amounts payable after more than one year42€15k€10k▼
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Advances received on contracts in progress46€48k€127k▲
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48€665€190▼
Accrued charges and deferred income492/3€101€119▲
Income statement
Code20242025
Non-recurring operating income76A€35k-
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€41k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€139k€72k▼
Operating profit (loss)9901€101k€27k▼
Financial income75/76B€992€564▼
Recurring financial income75€992€564▼
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€97k€22k▼
Income taxes67/77€26k€6k▼
Profit (loss) for the period9904€71k€16k▼
Profit (loss) for the period to be appropriated9905€71k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€16k▼
Transfer from equity791/2€9k€15k▲
Transfer to equity691/2€71k€16k▼
To other reserves6921€71k€16k▼
Profit to be distributed694/7€9k€15k▲
Return on contributions (dividend)694€9k€15k▲
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €71k ▲169%
Operating result €101k, net result €71k, both a record.
31-12
Financial
Equity above €150kEq €197k ▲45.2%
7 profitable years in a row build equity to €197k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €118k ▲65.4%
5 profitable years in a row build equity to €118k.
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €6k ▼59.4%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
WILLEMS Michel
CurrentDirector · since 07-12-2023
07-12-2023
Resigned as Director
07-12-2023
Appointed as Director
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2009
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.
Driesstraat 523550 Heusden-ZolderGround area
2,425 m²
Building footprint
151 m²
Volume, LiDAR
735 m³
Parcel 71462E0115/00Y000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Michel Willems BVBA
since 20092.180.633.640
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71462E0115/00Y000 | Flanders | 2,425 m² | 1 · 151 m² | 6.5 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.
Similar companies · same sector, comparable size
HUYSAFWERKING HUYSKENS
BE 0811.173.485
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DECADT CONSTRUCT
BE 0795.107.020
Poperinge · Eq €198k
MENUISERIE DAMMAN
BE 0863.364.831
Froidchapelle · Eq €198k
RAAMINZICHT
BE 0643.868.479
Heist-op-den-Berg · Eq €198k
TENDACOR
BE 0889.507.222
Ledegem · Eq €198k
Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 7,389 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-11-2008
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.