Michels Elektro
ActiveFrom the official registers: KBO 1 annual account at the National Bank publications in the Belgian Official Gazette
Summary
Michels Elektro has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,560 and a net result of €51,560. Its solvency ranks better than 39% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Official details
KBO- Status
- Active since 25-06-2025 Normal situation
- Activity
- General electrical installation work NACE 43211
- Establishment unit
- 2.375.144.671 9870 Zulte, since 25-06-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 13-07-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €66,399
- Turnover
- ≈ €240,000
- estimated
- Profit
- €51,560
- Equity
- €53,560
- Total assets
- €146,105
Score breakdownraises riskFounded in 2025Sector: Specialised construction activities (NACE 43)Size: total assets €146,105lowers riskLiquidity: current ratio 1.49, cash €78,768Show the evidence
Checked score
About 5 in 1,000 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 43, micro). It does better than 39% of them on solvency, 65% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 31-10-2026 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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Searched, nothing found (1)
Key points
- Positive: Higher net result than 86% of companies in specialised constructionsector median €10,227 · 34,889 companies €51,560 View
Comparable companies
These companies have the same main activity as Michels Elektro: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €130,000 and €154,000, founded between 2024 and 2025.
| Company | Total assets | Gross margin |
|---|---|---|
| Michels Elektro Zulte | €146,105 | €66,399 |
| Elektro Mathys Kluisbergen | €133,292 | €63,446 |
| All Netwerk Services Brugge | €141,587 | €61,165 |
| ELECTRIC CONNECT Charleroi | €138,685 | €74,713 |
| MV Electrics Assenede | €130,165 | €66,356 |
| EMD Infra Temse | €153,704 | €92,593 |
| GRID SOLUTIONS BELGIUM Laarne | €146,420 | €79,723 |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 29-06-2026
Acts in the Belgian Official Gazette
- Incorporationact of 27-06-2025
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
- Check the withholding obligationwith enterprise number 1024.720.866
Key facts about Michels Elektro
- What is the company number of Michels Elektro?
- The company number of Michels Elektro is 1024.720.866. The VAT number is the same number with BE in front: BE 1024.720.866.
- Where is Michels Elektro based?
- The registered office is at D'Hoyestraat 26, 9870 Zulte.Company details
- What does Michels Elektro do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Michels Elektro?
- The legal form of Michels Elektro is Private limited company (BV).
- When was Michels Elektro founded?
- Michels Elektro was founded on 25-06-2025.
- Is Michels Elektro still active?
- Yes, Michels Elektro is an active enterprise in the KBO register.
- What is the turnover of Michels Elektro?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €66,399 and 42 comparable companies (NACE 43211). It probably lies between €160,000 and €400,000.Financials
- Is Michels Elektro profitable?
- In financial year 2025, Michels Elektro made a profit of €51,560.
- Where can I find the annual accounts of Michels Elektro?
- Michels Elektro filed 1 annual account with the National Bank of Belgium, for financial year 2025.Annual accounts at the National Bank
Next steps
See how customers, suppliers and banks see your own company and what to improve first.