Michiel Matthijs
ActiveSummary
The computed 12-month bankruptcy probability of Michiel Matthijs is 2.1% (moderate). The 2025 annual accounts show equity of €401k and a net result of €193k. Equity is growing by ~72.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 27786 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency98▲+10
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 3.77 against 3.5 in 2024; short-term debt: 26.2% and cash: 8.8% of total assets), and 26.7% of the assets are financed with debt.
Credit check 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
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 · 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
73.3%
Return on assets
35.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
2 d early
2024
23 d early
2023
40 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 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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€401k▲ 92.8%
2024 · €208k
2023: €100k
2024: €208k
2023 → 2025
Total assets
€547k▲ 65.3%
2024 · €331k
2023: €162k
2024: €331k
2023 → 2025
Net result
€193k▲ 78.3%
2024 · €108k
2023: €97k
2024: €108k
2023 → 2025
Working capital
€396k▲ 78.2%
2024 · €222k
2023: €71k
2024: €222k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€100k-€208k▲ 109%€401k▲ 92.8%
Operating result€136k-€152k▲ 11.7%€250k▲ 65.1%
Net result€97k-€108k▲ 11.3%€193k▲ 78.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 65% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €547k
Fixed assets
€8k ▼ 61.2%
Current assets
€539k ▲ 73.4%
Equity and liabilities €547k
Equity
€401k ▲ 92.8%
Debt
€146k ▲ 18.8%
Debt's share of the balance-sheet total falls from 37.2% to 26.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€263k▲
2024 · €163k
Cash flow
€205k▲
2024 · €120k
Current ratio
3.77▲
2024 · 3.50
Quick ratio
3.46▲
2024 · 2.87
Debt to equity
0.36▼
2024 · 0.59
ROE
48.1%▼
2024 · 52.0%
ROA
35.3%▲
2024 · 32.7%
Interest coverage
63.10▼
2024 · 1478.55
Debt ≤ 1 year
€143k▲
2024 · €89k
Income taxes
€59k▲
2024 · €44k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€331k€547k▲
Fixed assets21/28€20k€8k▼
Tangible fixed assets22/27€20k€8k▼
Plant, machinery and equipment23€8k€4k▼
Furniture and vehicles24€12k€4k▼
Current assets29/58€311k€539k▲
Stocks and contracts in progress3€57k€44k▼
Stocks30/36€23k€15k▼
Contracts in progress37€34k€29k▼
Amounts receivable within one year40/41€25k€14k▼
Trade receivables40€239€3k▲
Other amounts receivable41€24k€11k▼
Current investments50/53€100k€430k▲
Cash at bank and in hand54/58€126k€48k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€331k€547k▲
Equity10/15€208k€401k▲
Contributions10/11€3k€3k=
Reserves13€205k€398k▲
Distributable reserves133€205k€398k▲
Amounts payable17/49€123k€146k▲
Amounts payable within one year42/48€89k€143k▲
Trade debts44€44k€63k▲
Suppliers440/4€44k€63k▲
Taxes, remuneration and social security45€13k€35k▲
Taxes450/3€13k€35k▲
Other amounts payable47/48€32k€45k▲
Accrued charges and deferred income492/3€34k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€490€141▼
Gross operating margin9900€164k€263k▲
Operating profit (loss)9901€152k€250k▲
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€6k▲
Financial charges65/66B€111€4k▲
Recurring financial charges65€111€4k▲
Profit (loss) for the period before taxes9903€153k€252k▲
Income taxes67/77€44k€59k▲
Profit (loss) for the period9904€108k€193k▲
Profit (loss) for the period to be appropriated9905€108k€193k▲
Appropriation of the result
Profit (loss) to be appropriated9906€108k€193k▲
Transfer to equity691/2€108k€193k▲
To other reserves6921€108k€193k▲
The notes to these accounts (4 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
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2023net €193k ▲78.3%
Operating result €250k, net result €193k, both a record.
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Equity above €200kEq €208k ▲109%
2 profitable years in a row build equity to €208k.
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Lebbeke · 1 establishment unit since 2022
Ground area
322 m²
Building footprint
85 m²
Volume, LiDAR
207 m³
Parcel 42011B0201/00H000, Flanders · tallest building 8.6 m. Linked by address, not a title deed.
1 establishment unit
Michiel Matthijs
since 20222.337.379.009
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42011B0201/00H000 | Flanders | 322 m² | 1 · 85 m² | 8.6 m |
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
2023 to 2024 · 2 entries · 2,096 EUR awarded · 1,541 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 673 EUR | 673 EUR |
| 2023 | 1 | 1,423 EUR | 868 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,041 companies in sector 43221 we hold annual accounts for 3,471. 2,513 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-10-2022
Fiscal year end30-06
Activities, NACEBEL 2025
43221Plumbing work
43211General electrical installation work
43310Plastering work
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.