Michiel Desimpelaere
ActiveSummary
Michiel Desimpelaere has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37,659 and a net result of €101,899. Equity has been growing by about 53% per year since 2019. Its solvency ranks better than 9% of 9,898 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Official details
Source: KBO- Status
- Active since 09-04-2019 Normal situation
- Activity
- General electrical installation work NACE 43211and 3 others
- Establishment unit
- 2.288.984.719 8890 Moorslede, since 09-04-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 31-10-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
- Gross margin
- €244,386
- ▼ 59.9%
- Turnover
- ≈ €690,000
- estimated
- Profit
- €101,899
- ▼ 70.7%
- Equity
- €37,659
- ▼ 92.0%
- Total assets
- €1.2m
- ▼ 20.5%
- Staff
- 0.3 FTE
- ▲ 200%
Score breakdownraises riskEquity €37,659 (3.2% of total assets)Sector: Specialised construction activities (NACE 43)lowers riskSize: 0.3 FTE, total assets €1.2mFigures for financial year 2025 (filed on 15-05-2026)Show the evidence
Checked score
About 8 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 10% of them on solvency, 30% on liquidity, 58% on profitability and 4% on growth.
The bankruptcy probability was computed on 02-11-2026 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).
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Signals
The company filed its last 6 accounts on average 34 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Key points
- Caution: Equity fell in 2025from €472,029 to €37,659 ▼ 92.0% View
- Caution: Lower solvency than 91% of companies in specialised constructionsector median 44.0% · 9,898 companies 3.2% View
- Positive: Always filed on timeaccounts within the deadline every year 6 years View
- Positive: 6 profitable years in a rowprofit 2025: €101,899 6 years View
Recent changes
- · Gazette deed Amendment of the articles
- · Gazette deed Incorporation
Comparable companies
These companies have the same main activity as Michiel Desimpelaere: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €902,000 and €1.5m, founded between 2015 and 2021.
| Company | Total assets | Gross margin |
|---|---|---|
| Michiel Desimpelaere Moorslede | €1.2m | €0.2m |
| Total Electro Antwerpen | €0.9m | €0.2m |
| ENERGIEWEST Ichtegem | €1.5m | €0.3m |
| ARNE DEJONGHE Wevelgem | €0.9m | €0.2m |
| ENAUTEC Wervik | €1.0m | €0.3m |
| HEVM Roeselare | €1.3m | €0.2m |
| Elektro David Pittem | €0.9m | €0.1m |
Key facts about Michiel Desimpelaere
- What is the company number of Michiel Desimpelaere?
- The company number of Michiel Desimpelaere is 0724.729.065. The VAT number is the same number with BE in front: BE 0724.729.065.
- Where is Michiel Desimpelaere based?
- The registered office is at Briekhoekstraat 16, 8890 Moorslede.Company details
- What does Michiel Desimpelaere do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of Michiel Desimpelaere?
- The legal form of Michiel Desimpelaere is Private limited company (BV).
- When was Michiel Desimpelaere founded?
- Michiel Desimpelaere was founded on 09-04-2019.
- Is Michiel Desimpelaere still active?
- Yes, Michiel Desimpelaere is an active enterprise in the KBO register.
- How many employees does Michiel Desimpelaere have?
- Michiel Desimpelaere had an average of 0.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Michiel Desimpelaere?
- The turnover in financial year 2025 is ≈ €690,000. This figure is estimated from the gross margin of €244,386 and 56 comparable companies (NACE 43211). It probably lies between €510,000 and €860,000.
- Is Michiel Desimpelaere profitable?
- In financial year 2025, Michiel Desimpelaere made a profit of €101,899.
- Where can I find the annual accounts of Michiel Desimpelaere?
- Michiel Desimpelaere filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Michiel Desimpelaere due?
- Michiel Desimpelaere must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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