MICHELANGELA CONSULT
ActiveSummary
MICHELANGELA CONSULT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €178k and a net result of €-58k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-11
Solvency47▼-8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity short (current ratio 0.21 against 1.12 in 2024; short-term debt: 46.4% and cash: 4.8% of total assets), and 77.6% 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 70
Relative position
BE, all sectors
reference
Sector 70
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-58k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 31694 sector peers (2025).
NBB · sector comparisonPosition among 31694 sector peers
Solvency
better than 25%
← weakest
strongest →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
2 d early
2023
30 d early
2022
39 d early
2021
30 d early
2020
57 d early
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€178k▼ 24.5%
2024 · €235k
2018: €159k
2019: €187k
2020: €181k
2021: €219k
2022: €254k
2023: €291k
2024: €235k
2018 → 2025
Total assets
€794k▲ 0.6%
2024 · €789k
2018: €550k
2019: €537k
2020: €509k
2021: €482k
2022: €475k
2023: €641k
2024: €789k
2018 → 2025
Net result
€-58k▼ 115%
2024 · €-27k
2018: €23k
2019: €27k
2020: €-6k
2021: €39k
2022: €35k
2023: €62k
2024: €-27k
2018 → 2025
Working capital
€-291k
2024 · €29k
2018: €-59k
2019: €-54k
2020: €-50k
2021: €-37k
2022: €-13k
2023: €129k
2024: €29k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€219k-€254k▲ 16.0%€291k▲ 14.6%€235k▼ 19.2%€178k▼ 24.5%
Operating result€65k-€57k▼ 13.3%€92k▲ 62.2%€-17k€-46k▼ 162%
Net result€39k-€35k▼ 9.5%€62k▲ 77.8%€-27k€-58k▼ 115%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €46k in 2025 against €17k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €794k
Fixed assets
€716k ▲ 38.0%
Current assets
€78k ▼ 71.2%
Equity and liabilities €794k
Equity
€178k ▼ 24.5%
Provisions
€16k ▼ 6.3%
Debt
€600k ▲ 11.8%
Debt's share of the balance-sheet total rises from 68.0% to 75.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€24k▼
2024 · €26k
Cash flow
€12k▼
2024 · €17k
Current ratio
0.21▼
2024 · 1.12
Debt to equity
3.37▲
2024 · 2.28
ROE
-32.4%▼
2024 · -11.4%
ROA
-7.2%▼
2024 · -3.4%
Interest coverage
2.00▼
2024 · 2.75
Debt ≤ 1 year
€369k▲
2024 · €241k
Debt > 1 year
€225k▼
2024 · €293k
Income taxes
€1k▲
2024 · €911
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 · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€789k€794k▲
Fixed assets21/28€519k€716k▲
Tangible fixed assets22/27€519k€716k▲
Land and buildings22€362k€345k▼
Plant, machinery and equipment23€49k€284k▲
Furniture and vehicles24€108k€88k▼
Current assets29/58€270k€78k▼
Amounts receivable within one year40/41€224k€40k▼
Trade receivables40€223k-
Other amounts receivable41€1k€40k▲
Cash at bank and in hand54/58€46k€38k▼
Equity and liabilities
Total equity and liabilities10/49€789k€794k▲
Equity10/15€235k€178k▼
Contributions10/11€39k€39k=
Reserves13€193k€191k▼
Tax-exempt reserves132€34k€32k▼
Distributable reserves133€159k€159k=
Profit (loss) carried forward14€3k€-52k▼
Provisions and deferred taxes16€18k€16k▼
Deferred taxes168€18k€16k▼
Amounts payable17/49€537k€600k▲
Amounts payable after more than one year17€293k€225k▼
Financial debts170/4€293k€225k▼
Amounts payable within one year42/48€241k€369k▲
Current portion of amounts payable after more than one year42€58k€68k▲
Trade debts44€1k€5k▲
Suppliers440/4€1k€5k▲
Taxes, remuneration and social security45€16k€2k▼
Taxes450/3€16k€2k▼
Other amounts payable47/48€166k€294k▲
Accrued charges and deferred income492/3€3k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€69k▲
Other operating charges640/8€16k€6k▼
Gross operating margin9900€42k€30k▼
Operating profit (loss)9901€-17k€-46k▼
Financial charges65/66B€10k€12k▲
Recurring financial charges65€10k€12k▲
Profit (loss) for the period before taxes9903€-27k€-58k▼
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€911€1k▲
Profit (loss) for the period9904€-27k€-58k▼
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€-25k€-55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-52k▼
Profit (loss) brought forward from the previous period14P€28k€3k▼
Transfer from equity791/2€29k-
Profit to be distributed694/7€29k-
Return on contributions (dividend)694€29k-
The notes to these accounts (6 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €62k ▲77.8%
Operating result €92k, net result €62k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.01
Current ratio from 0.86 to 2.01.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €39k
Net result €39k after one loss-making year.
31-12
Financial
Equity above €200kEq €219k ▲21.4%
Equity rises from €181k to €219k.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
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
7 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, Sint-Jans-Molenbeek · 2 establishment units since 1994
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.
Condorlaan 231080 Sint-Jans-MolenbeekGround area
1,365 m²
Building footprint
572 m²
Volume, LiDAR
8,542 m³
2 parcels, Brussels · tallest building 20.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
MICHELANGELA CONSULT SPRL
since 19942.068.430.473
Waverse steenweg 1030-1032, 1160 Oudergem
since 20242.359.134.624
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21524C0235/00V000 | Brussels | 1,131 m² | 1 · 401 m² | 20.8 m · 6 fl. |
| 21002A0172/00V007 | Brussels | 234 m² | 1 · 171 m² | 16.6 m · 4 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.
Similar companies · same sector, comparable size
MIMO CONSULTING
BE 0673.857.614
Gent · Eq €177,791
TUBO CONSULT
BE 0789.998.880
Lennik · Eq €177,794
CO MANAGEMENT
BE 1002.242.701
Stavelot · Eq €177,802
FILOVEST
BE 0789.515.761
Aartselaar · Eq €177,805
TecProDeCo
BE 0845.280.071
Ieper · Eq €177,821
Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 40,620 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 (pre-2019)
Founded23-08-1994
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.