MICHEMATIC ELECTRO
ActiveMICHEMATIC ELECTRO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €252k and a net result of €3k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 47% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-10
Solvency69▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.58 against 1.91 in 2024; short-term debt: 16.9% and cash: 0% of total assets), but 55.6% of the assets are financed with debt.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
44.4%
Return on assets
0.5%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
17 d early
2023
15 d late
2022
14 d late
2021
on the day
2020
6 d early
2019
12 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€252k▲ 1.2%
2024 · €249k
2019: €194k
2020: €201k
2021: €207k
2022: €215k
2023: €235k
2024: €249k
2019 → 2025
Total assets
€567k▼ 5.4%
2024 · €599k
2019: €658k
2020: €622k
2021: €602k
2022: €562k
2023: €759k
2024: €599k
2019 → 2025
Net result
€3k▼ 79.6%
2024 · €14k
2019: €16k
2020: €7k
2021: €6k
2022: €8k
2023: €19k
2024: €14k
2019 → 2025
Working capital
€152k▲ 37.0%
2024 · €111k
2019: €175k
2020: €191k
2021: €186k
2022: €148k
2023: €30k
2024: €111k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€207k-€215k▲ 3.8%€235k▲ 9.0%€249k▲ 6.1%€252k▲ 1.2%
Operating result€17k-€19k▲ 11.4%€35k▲ 86.1%€33k▼ 6.2%€19k▼ 42.8%
Net result€6k-€8k▲ 26.8%€19k▲ 149%€14k▼ 26.3%€3k▼ 79.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €567k
Fixed assets
€319k▼ 13.0%
Current assets
€248k▲ 6.6%
Equity and liabilities €567k
Equity
€252k▲ 1.2%
Provisions
€54k=
Debt
€261k▼ 11.9%
The debt ratio falls from 49.5% to 46.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€66k▼
2024 · €80k
Cash flow
€51k▼
2024 · €62k
Solvency
44.4%▲
2024 · 41.6%
Current ratio
2.58▲
2024 · 1.91
Quick ratio
2.43▲
2024 · 1.82
Debt / equity
1.04▼
2024 · 1.19
ROE
1.2%▼
2024 · 5.8%
ROA
0.5%▼
2024 · 2.4%
Interest coverage
5.06▼
2024 · 7.03
Debt
€261k▼
2024 · €296k
Debt ≤ 1 year
€96k▼
2024 · €122k
Debt > 1 year
€165k▼
2024 · €175k
Income taxes
€3k▼
2024 · €7k
Staff costs
€70k▲
2024 · €69k
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€599k€567k▼
Fixed assets21/28€367k€319k▼
Intangible fixed assets21€2k€757▼
Tangible fixed assets22/27€358k€311k▼
Land and buildings22€255k€243k▼
Furniture and vehicles24€102k€69k▼
Financial fixed assets28€7k€7k=
Current assets29/58€232k€248k▲
Stocks and contracts in progress3€12k€15k▲
Stocks30/36€6k€5k▼
Contracts in progress37€6k€10k▲
Amounts receivable within one year40/41€203k€233k▲
Trade receivables40€198k€222k▲
Other amounts receivable41€5k€11k▲
Cash at bank and in hand54/58€18k€0▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€599k€567k▼
Equity10/15€249k€252k▲
Contributions10/11€45k€45k=
Reserves13€204k€206k▲
Distributable reserves133€204k€206k▲
Profit (loss) carried forward14€374€379▲
Provisions and deferred taxes16€54k€54k=
Provisions for liabilities and charges160/5€54k€54k=
Pensions and similar obligations160€54k€54k=
Amounts payable17/49€296k€261k▼
Amounts payable after more than one year17€175k€165k▼
Financial debts170/4€10k€0▼
Other amounts payable178/9€165k€165k=
Amounts payable within one year42/48€122k€96k▼
Current portion of amounts payable after more than one year42€18k€10k▼
Financial debts43-€22k
Credit institutions430/8-€22k
Trade debts44€13k€24k▲
Suppliers440/4€13k€24k▲
Advances received on contracts in progress46€53k€0▼
Taxes, remuneration and social security45€26k€20k▼
Taxes450/3€18k€12k▼
Remuneration and social security454/9€7k€8k▲
Other amounts payable47/48€12k€21k▲
Income statement
Code20242025
Remuneration, social security and pensions62€69k€70k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€48k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€23k€0▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€177k€143k▼
Operating profit (loss)9901€33k€19k▼
Financial income75/76B€291€127▼
Recurring financial income75€291€127▼
Financial charges65/66B€11k€13k▲
Recurring financial charges65€11k€13k▲
Profit (loss) for the period before taxes9903€21k€6k▼
Income taxes67/77€7k€3k▼
Profit (loss) for the period9904€14k€3k▼
Profit (loss) for the period to be appropriated9905€14k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€3k▼
Profit (loss) brought forward from the previous period14P€329€374▲
Transfer to equity691/2€14k€3k▼
To other reserves6921€14k€3k▼
The notes to these accounts (13 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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
30-06
Financial
Weakest financial yearnet €3k ▼79.6%
Net result drops to €3k, the lowest in the series.
14-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 15 days late
2023
30-06
Financial
Highest result since 2019net €19k ▲149%
Operating result €35k, net result €19k, both a record.
14-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €200kEq €201k ▲3.8%
2 profitable years in a row build equity to €201k.
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Aalter · 1 establishment unit since 2010
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.
Houtem 199880 AalterGround area
2,521 m²
Building footprint
837 m²
Volume, LiDAR
4,727 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Venecolaan 36, 9880 Aalter
since 20102.184.201.458
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0083/00F002indicative | Flanders | 1,528 m² | 1 · 655 m² | 9.0 m · 2 fl. |
| 44001B0771/00L002 | Flanders | 992 m² | 1 · 182 m² | 8.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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EDRO LIFTEN
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Landen · Eq €252k
AARDINGEN MARO
BE 0846.807.525
Tessenderlo-Ham · Eq €252k
ELVECO
BE 0895.877.746
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STRATTON CONSULTING
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 7,890 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2009
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.