Michelle Deceuninck
ActiveSummary
The computed 12-month bankruptcy probability of Michelle Deceuninck is 2.5% (moderate). The 2025 annual accounts show equity of €41k and a net result of €38k. Equity is growing by ~27.9% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+11
Solvency53▼-32
Growth78=
Track record94
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.37 in 2024; short-term debt: 68.7% and cash: 62.5% of total assets), and 72.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
27.8%
Return on assets
26.3%
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 22-05-2026, 70 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
70 d early
2024
47 d early
2023
50 d early
2022
48 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
€41k▼ 46.4%
2024 · €76k
2022: €19k
2023: €56k
2024: €76k
2022 → 2025
Total assets
€146k▲ 15.8%
2024 · €126k
2022: €99k
2023: €119k
2024: €126k
2022 → 2025
Net result
€38k▲ 87.3%
2024 · €20k
2022: €16k
2023: €38k
2024: €20k
2022 → 2025
Working capital
€5k▼ 70.2%
2024 · €18k
2022: €-49k
2023: €-22k
2024: €18k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€19k-€56k▲ 201%€76k▲ 35.1%€41k▼ 46.4%
Operating result€22k-€50k▲ 123%€31k▼ 37.2%€59k▲ 90.7%
Net result€16k-€38k▲ 133%€20k▼ 46.3%€38k▲ 87.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 91% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146k
Fixed assets
€40k ▼ 33.0%
Current assets
€105k ▲ 60.6%
Equity and liabilities €146k
Equity
€41k ▼ 46.4%
Debt
€105k ▲ 109%
Debt's share of the balance-sheet total rises from 39.9% to 72.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€81k▲
2024 · €54k
Cash flow
€60k▲
2024 · €43k
Current ratio
1.05▼
2024 · 1.37
Debt to equity
2.60▲
2024 · 0.67
ROE
94.7%▲
2024 · 27.1%
ROA
26.3%▲
2024 · 16.3%
Interest coverage
15.16▲
2024 · 14.47
Debt ≤ 1 year
€100k▲
2024 · €48k
Income taxes
€16k▲
2024 · €7k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€126k€146k▲
Fixed assets21/28€60k€40k▼
Intangible fixed assets21€34k€26k▼
Tangible fixed assets22/27€26k€15k▼
Furniture and vehicles24€13k€4k▼
Other tangible fixed assets26€12k€11k▼
Current assets29/58€66k€105k▲
Cash at bank and in hand54/58€57k€91k▲
Deferred charges and accrued income490/1€8k€14k▲
Equity and liabilities
Total equity and liabilities10/49€126k€146k▲
Equity10/15€76k€41k▼
Contributions10/11€3k€3k=
Reserves13€73k€38k▼
Distributable reserves133€73k€38k▼
Amounts payable17/49€50k€105k▲
Amounts payable within one year42/48€48k€100k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€1k€2k▲
Suppliers440/4€1k€2k▲
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€43k€96k▲
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Other operating charges640/8€878€905▲
Gross operating margin9900€55k€82k▲
Operating profit (loss)9901€31k€59k▲
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€27k€54k▲
Income taxes67/77€7k€16k▲
Profit (loss) for the period9904€20k€38k▲
Profit (loss) for the period to be appropriated9905€20k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€38k▲
Transfer from equity791/2-€73k
Transfer to equity691/2€20k€38k▲
To other reserves6921€20k€38k▲
Profit to be distributed694/7€859€73k▲
Return on contributions (dividend)694€859€73k▲
The notes to these accounts (8 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
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €38k ▲87.3%
Operating result €59k, net result €38k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.37
Current ratio from 0.64 to 1.37; short-term debt falls from €61k to €48k.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Izegem · 1 establishment unit since 2021
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.
Rozenlaan 668870 IzegemGround area
905 m²
Building footprint
237 m²
Volume, LiDAR
1,152 m³
Parcel 36008C0217/00D000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Michelle Deceuninck
since 20212.326.048.023
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36008C0217/00D000 | Flanders | 905 m² | 1 · 237 m² | 8.0 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 1,729 EUR awarded · 1,729 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 840 EUR | 840 EUR |
| 2022 | 1 | 889 EUR | 889 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2021
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.