Michelin Research & Development Belgium
ActiveSummary
Michelin Research & Development Belgium has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,500 and a net result of €175,693, of which €7.4m non-recurring income. Equity has been shrinking by about 16% per year since 2019. Its solvency ranks better than 17% of 892 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Official details
Source: KBO- Status
- Active since 16-11-1995 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 1 other
- Joint committees
- 111 Paritair Comité voor de metaal-, machine- en elektrische bouw
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 2025
- Establishment unit
- 2.074.352.324 1731 Asse, since 19-12-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Board and ownership
- Leslie HelsenManaging director
- Gert-Jan Alexander VERHOEVEDirector
- Sandrine Madeleine Marthe RAMBAUDDirector
- Auditor
- BV PwC Bedrijfsrevisoren
- COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELINconsolidatedLEI register
- Holdings
- Shares in 1 company EUROWHEEL
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.3%
- Turnover
- €1.4m
- ▼ 76.9%
- Operating revenue
- €8.9m
- ▼ 44.1%
- Profit
- €175,693
- ▼ 76.8%
- Equity
- €137,500
- ▼ 86.8%
- Total assets
- €1.5m
- ▼ 86.5%
- Employees on 31-12-2025
- 9
- ▼ 59.1%
Score breakdownraises risk1 change of registered office in 24 monthsEquity €137,500 (9.3% of total assets)Liquidity: current ratio 1.24, cash €52,011, halved1 of the last 3 accounts lateShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small). It does better than 16% of them on solvency, 7% on liquidity, 42% on profitability and 3% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Turnover fell in 2025from €6.2m to €1.4m ▼ 76.9% View
- Caution: Lower solvency than 83% of companies in architecture and engineeringsector median 41.4% · 892 companies 9.3% View
- Board changedlatest change 01-08-2026 · 3 in office 2 joined · 2 left View
- Positive: 6 profitable years in a rowprofit 2025: €175,693, mostly one-off 6 years View
Recent changes
- · Gazette deed 2 directors appointed, 2 directors resigningResignations: Jean-Charles CAMBIER (director) and Isaline BAUDEZ (director) · Appointments: Sandrine Madeleine Marthe RAMBAUD (director) and Gert-Jan Alexander VERHOEVE (director)
- · Gazette deed 2 reappointedReappointments: Leslie Helsen, Jean-Charles Cambier and PwC Bedrijfsrevisoren BV · Permanent representative: Kevin Veestraeten
- · Gazette deed 2 directors appointed, 1 director resigningResignation: Thomas HELIN (director and managing director) · Appointments: Leslie HELSEN (managing director) and Isaline BAUDEZ (director)
Comparable companies
These companies have the same main activity as Michelin Research & Development Belgium: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €1.1m and €2.3m, founded between 1987 and 2005.
| Company | Total assets | Turnover |
|---|---|---|
| Michelin Research & Development Belgium Asse | €1.5m | €1.4m |
| BMT BELGIUM Brasschaat | €1.7m | €1.8m |
| GAMACO INGENIEURS - CONSEILS Ottignies-Louvain-la-Neuve | €1.3m | €1.3m |
| INGENIEURSBUREAU FRAEYE & PARTNERS Gent | €1.1m | €1.5m |
| RMONI Bilzen-Hoeselt | €1.6m | €1.5m |
| OPEN ENGINEERING Ans | €2.3m | €1.3m |
| VAN ROYEN & ASSOCIES Mons | €1.2m | €1.2m |
Key facts about Michelin Research & Development Belgium
- What is the company number of Michelin Research & Development Belgium?
- The company number of Michelin Research & Development Belgium is 0456.514.365. The VAT number is the same number with BE in front: BE 0456.514.365.
- Where is Michelin Research & Development Belgium based?
- The registered office is at Brusselsesteenweg 494, 1731 Asse.Company details
- What does Michelin Research & Development Belgium do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Michelin Research & Development Belgium?
- The legal form of Michelin Research & Development Belgium is Public limited company (NV).
- When was Michelin Research & Development Belgium founded?
- Michelin Research & Development Belgium was founded on 16-11-1995.
- Is Michelin Research & Development Belgium still active?
- Yes, Michelin Research & Development Belgium is an active enterprise in the KBO register.
- How many employees does Michelin Research & Development Belgium have?
- Michelin Research & Development Belgium had an average of 10.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Michelin Research & Development Belgium fall under?
- In its 2025 annual accounts, Michelin Research & Development Belgium states joint committees 111 (Paritair Comité voor de metaal-, machine- en elektrische bouw) and 209 (Paritair Comité voor de bedienden der metaalfabrikatennijverheid).
- What is the turnover of Michelin Research & Development Belgium?
- The turnover of Michelin Research & Development Belgium was €1.4m in financial year 2025, according to the filed annual accounts.
- Is Michelin Research & Development Belgium profitable?
- In financial year 2025, Michelin Research & Development Belgium made a profit of €175,693.
- Where can I find the annual accounts of Michelin Research & Development Belgium?
- Michelin Research & Development Belgium filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Michelin Research & Development Belgium due?
- Michelin Research & Development Belgium must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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