Michelle Consult

Active

Private limited companyfounded 20188 yrs activeSpermaliestraat 241, 8433 Middelkerke, BelgiumKBO/BCE: BE 0687.947.655

Michelle Consult has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237k and a net result of €58k. Equity is growing by ~30% per year across the filed fiscal years. Its solvency ranks better than 81% of 13071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

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Checked score

Score 2025

100 / 100

Excellent= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100▲+49

Solvency100▲+2

Growth85▲+17

Stability100

Bankruptcy probability, 12 months

1.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €24k at 30 days acceptable

Liquidity ample (current ratio 2.69 against 2.34 in 2024), and 33.4% of the assets are financed with debt.

How do we compute the score and the probability?

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

66.6%

Return on assets

16.2%

Age of the figures

8 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

1 d early

2024

39 d late

2023

34 d early

2022

29 d late

2021

96 d early

2020

134 d early

2019

46 d early

← before the deadline after the deadline →

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 months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Turnover

€407k▲ 51.2%

2020 · €270k

2020: €270k

2020 → 2021

EBIT margin

28.3%▲ 27.2pp

2020 · 1.0%

2020: 1.0%

2020 → 2021

Net result

€58k▲ 214%

2024 · €18k

2018: €27k 2019: €26k 2020: €2k 2021: €89k 2022: €70k 2023: €-17k 2024: €18k

2018 → 2025

Working capital

€132k▲ 52.9%

2024 · €86k

2018: €27k 2019: €47k 2020: €49k 2021: €132k 2022: €178k 2023: €84k 2024: €86k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€407k-

Equity€145k-€196k▲ 34.7%€161k▼ 17.8%€179k▲ 11.4%€237k▲ 32.2%

Operating result€115k-€71k▼ 38.7%€-17k€24k€81k▲ 239%

Net result€89k-€70k▼ 21.0%€-17k€18k€58k▲ 214%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 239% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €356k

40.9%

59.1%

Fixed assets €146k▼ 4.5%

Current assets €210k▲ 39.5%

Equity and liabilities €356k

66.6%

33.4%

Equity €237k▲ 32.2%

Debt €119k▼ 4.1%

The debt ratio falls from 40.8% to 33.4%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€92k▲

2024 · €34k

Cash flow

€69k▲

2024 · €28k

Solvency

66.6%▲

2024 · 59.2%

Current ratio

2.69▲

2024 · 2.34

Quick ratio

2.57▲

2024 · 2.15

Debt / equity

0.50▼

2024 · 0.69

ROE

24.4%▲

2024 · 10.3%

ROA

16.2%▲

2024 · 6.1%

Interest coverage

11.64▲

2024 · 4.99

Debt

€119k▼

2024 · €124k

Debt ≤ 1 year

€78k▲

2024 · €64k

Debt > 1 year

€41k▼

2024 · €60k

Income taxes

€23k▲

2024 · €3k

Staff costs

€121k▼

2024 · €198k

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€303k€356k▲

Fixed assets21/28€153k€146k▼

Tangible fixed assets22/27€153k€146k▼

Land and buildings22€15k€15k▼

Plant, machinery and equipment23€8k€5k▼

Furniture and vehicles24€3k€4k▲

Other tangible fixed assets26€126k€122k▼

Current assets29/58€151k€210k▲

Stocks and contracts in progress3€13k€9k▼

Stocks30/36€13k€9k▼

Amounts receivable within one year40/41€98k€133k▲

Trade receivables40€24k€50k▲

Other amounts receivable41€74k€83k▲

Cash at bank and in hand54/58€40k€62k▲

Deferred charges and accrued income490/1€539€6k▲

Equity and liabilities

Total equity and liabilities10/49€303k€356k▲

Equity10/15€179k€237k▲

Contributions10/11€19k€19k=

Reserves13€161k€219k▲

Distributable reserves133€161k€219k▲

Amounts payable17/49€124k€119k▼

Amounts payable after more than one year17€60k€41k▼

Financial debts170/4€60k€41k▼

Amounts payable within one year42/48€64k€78k▲

Current portion of amounts payable after more than one year42€18k€19k▲

Financial debts43€4k€4k▼

Credit institutions430/8€4k€4k▼

Trade debts44€12k€22k▲

Suppliers440/4€12k€22k▲

Taxes, remuneration and social security45€30k€34k▲

Taxes450/3€16k€19k▲

Remuneration and social security454/9€14k€15k▲

Other amounts payable47/48€92€0▼

Income statement Code20242025

Non-recurring operating income76A€12k€0▼

Remuneration, social security and pensions62€198k€121k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€11k▲

Other operating charges640/8€2k€3k▲

Non-recurring operating charges66A€120€344▲

Gross operating margin9900€234k€217k▼

Operating profit (loss)9901€24k€81k▲

Financial income75/76B€4k€7k▲

Recurring financial income75€4k€7k▲

Financial charges65/66B€7k€8k▲

Recurring financial charges65€7k€8k▲

Profit (loss) for the period before taxes9903€21k€80k▲

Income taxes67/77€3k€23k▲

Profit (loss) for the period9904€18k€58k▲

Profit (loss) for the period to be appropriated9905€18k€58k▲

Appropriation of the result

Profit (loss) to be appropriated9906€18k€58k▲

Profit (loss) brought forward from the previous period14P€0-

Transfer from equity791/2€0-

Transfer to equity691/2€18k€58k▲

To other reserves6921€18k€58k▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 14Financial 6Filings 8

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Equity above €200kEq €237k ▲32.2%

2 profitable years in a row build equity to €237k.

08-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 39 days late

2024

31-12

Financial Back to profitnet €18k

Net result €18k after one loss-making year.

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-17k ▼125%

Net result drops to €-17k, the lowest in the series; recovery starts the following year.

29-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 29 days late

2022

31-12

Financial Equity above €150kEq €196k ▲34.7%

5 profitable years in a row build equity to €196k.

26-04

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2018net €89k ▲4744%

Operating result €115k, net result €89k, both a record.

31-12

Financial Equity above €100kEq €145k ▲119%

4 profitable years in a row build equity to €145k.

19-03

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

15-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

29-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Middelkerke · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Spermaliestraat 2418433 Middelkerke

Ground area

1,919 m²

Building footprint

823 m²

Volume, LiDAR

10,073 m³

2 parcels, Flanders · tallest building 28.3 m, ±6 floors. Linked by address, not a title deed.

1 establishment unit

Restaurant - bistro Continental

Zeedijk 59, 8430 MiddelkerkeWholesale trade

since 20182.272.183.923

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35018B0369/00C002	Flanders	1,320 m²	1 · 229 m²	5.4 m · 1 fl.
35011B0001/00P007 ProtectedMonumentHotel ContinentalSource ↗	Flanders	599 m²	1 · 594 m²	28.3 m · 6 fl.