Financials
- Financial year
- 2025
- Total assets
- €146,105
- Profit
- €51,560
- Solvency
- 36.7%
Michels Elektro
ActiveSummary
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 34,807 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Activity
General electrical installation work
NACE 43211
1 site
Size
≈ €240,000turnover 2025, estimated
- Equity
- €53,560
- Profit
- €51,560
Turnover estimated from the gross margin
Why 84raises 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
Score 2025
84
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 66% of its sector peers (NACE 43, micro)
Financial strength
Strong
Solvency
62
equity 36.7% of total assets
Liquidity
67
short-term debt 63.2% · cash 53.9%
Profitability
100
return on assets 35.3%
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2026: 1.9%
08-2026: 1.9%● unchanged vs 07-2026
09-2026: 2.0%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.5%▼ -1.5 percentage points vs 09-2026lowest value
Credit of up to €4,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.49, below the usual 1.5; short-term debt: 63.2% and cash: 53.9% of total assets), and 63.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 39% on solvency, 65% on liquidity and 92% on profitability.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
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 29-06-2026, 32 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
32 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: MICHELS Jeroen (director) ·…
Key points
By topic
Board & ownership
- Board
- 1 member
- MICHELS JeroenDirector
Timeline
- Events
- 2
- Since
- 2025
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- General electrical installation workNACE 43211
- Founded
- 25-06-2025
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 20
- Who signs
- Each director alone
- Purpose
- “Elektrotechnische installatiewerken aan gebouwen,herstellingen van elektrische…” (deed in Dutch)
- Statutory auditor
- No statutory auditor
Key facts about Michels Elektro
- What is the company number of Michels Elektro?
- 1024.720.866. In Belgium the VAT number is the company 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?
- Private limited company (BV).
- When was Michels Elektro 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?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.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.
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