MICHIEL OSTYN
ActiveThe computed 12-month bankruptcy probability of MICHIEL OSTYN is 2.6% (moderate). The 2025 annual accounts show equity of €70k and a net result of €10k. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 27619 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-27
Solvency50▼-19
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.58 in 2024; short-term debt: 18.9% and cash: 4.4% of total assets), but 74.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
25.2%
Return on assets
3.7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
42 d early
2023
31 d late
2022
2 d late
2021
18 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€70k▲ 17.0%
2024 · €60k
2021: €44k
2022: €38k
2023: €15k
2024: €60k
2021 → 2025
Total assets
€277k▲ 105%
2024 · €135k
2021: €99k
2022: €89k
2023: €81k
2024: €135k
2021 → 2025
Net result
€10k▼ 77.3%
2024 · €45k
2021: €33k
2022: €-6k
2023: €-23k
2024: €45k
2021 → 2025
Working capital
€52k▲ 20.1%
2024 · €44k
2021: €-7k
2022: €-3k
2023: €-15k
2024: €44k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€38k▼ 13.9%€15k▼ 60.8%€60k▲ 303%€70k▲ 17.0%
Operating result€42k-€-5k€-22k▼ 362%€55k€17k▼ 69.4%
Net result€33k-€-6k€-23k▼ 278%€45k€10k▼ 77.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €277k
Fixed assets
€172k▲ 976%
Current assets
€105k▼ 12.1%
Equity and liabilities €277k
Equity
€70k▲ 17.0%
Debt
€207k▲ 174%
The debt ratio rises from 55.9% to 74.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35k▼
2024 · €69k
Cash flow
€29k▼
2024 · €59k
Solvency
25.2%▼
2024 · 44.1%
Current ratio
2.00▲
2024 · 1.58
Quick ratio
1.41▲
2024 · 1.35
Debt / equity
2.97▲
2024 · 1.27
ROE
14.6%▼
2024 · 75.2%
ROA
3.7%▼
2024 · 33.2%
Interest coverage
11.24▼
2024 · 134.64
Debt
€207k▲
2024 · €76k
Debt ≤ 1 year
€52k▼
2024 · €76k
Debt > 1 year
€111k
Income taxes
€4k▼
2024 · €10k
Staff costs
€52k▲
2024 · €47k
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€135k€277k▲
Formation expenses20€26€0▼
Fixed assets21/28€16k€172k▲
Tangible fixed assets22/27€16k€172k▲
Land and buildings22€291€163k▲
Plant, machinery and equipment23€4k€5k▲
Furniture and vehicles24€11k€4k▼
Current assets29/58€119k€105k▼
Stocks and contracts in progress3€17k€31k▲
Stocks30/36€3k€2k▼
Contracts in progress37€14k€28k▲
Amounts receivable within one year40/41€31k€61k▲
Trade receivables40€26k€61k▲
Other amounts receivable41€4k€38▼
Cash at bank and in hand54/58€70k€12k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€135k€277k▲
Equity10/15€60k€70k▲
Contributions10/11€12k€12k=
Reserves13€48k€58k▲
Distributable reserves133€48k€58k▲
Amounts payable17/49€76k€207k▲
Amounts payable after more than one year17-€111k
Financial debts170/4-€111k
Amounts payable within one year42/48€76k€52k▼
Current portion of amounts payable after more than one year42-€6k
Trade debts44€19k€223▼
Suppliers440/4€19k€223▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€18k€5k▼
Taxes450/3€18k€5k▼
Other amounts payable47/48€38k€41k▲
Accrued charges and deferred income492/3-€44k
Income statement
Code20242025
Remuneration, social security and pensions62€47k€52k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€18k▲
Other operating charges640/8€3k€3k▲
Gross operating margin9900€119k€90k▼
Operating profit (loss)9901€55k€17k▼
Financial income75/76B€0€11▲
Recurring financial income75€0€11▲
Financial charges65/66B€513€3k▲
Recurring financial charges65€513€3k▲
Profit (loss) for the period before taxes9903€54k€14k▼
Income taxes67/77€10k€4k▼
Profit (loss) for the period9904€45k€10k▼
Profit (loss) for the period to be appropriated9905€45k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€45k€10k▼
Transfer from equity791/2€0-
Transfer to equity691/2€45k€10k▼
To other reserves6921€45k€10k▼
The notes to these accounts (6 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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
30-09
Financial
Liquidity doublescurrent ratio 1.58
Current ratio from 0.78 to 1.58.
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
30-09
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
18-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zonnebeke · 2 establishment units since 2019
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.
Schipstraat 98980 ZonnebekeGround area
3,085 m²
Building footprint
387 m²
Volume, LiDAR
1,578 m³
2 parcels, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
MICHIEL OSTYN
since 20192.295.268.537
Guido Gezellelaan 1, 8980 Zonnebeke
since 20192.332.397.662
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33037C0030/00Z004 | Flanders | 1,639 m² | 1 · 168 m² | 7.0 m · 2 fl. |
| 33037A0660/00T003 | Flanders | 1,446 m² | 1 · 219 m² | 6.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TOP WOOD CHIMAY
BE 0865.037.981
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Schrijnwerken Boudry
BE 0763.877.770
Zonnebeke · Eq €70k
SUMA CONSTRUCT
BE 0766.504.589
Aalst · Eq €70k
VERRASTRO
BE 0472.753.353
Châtelet · Eq €70k
STUDIO WICK
BE 0711.905.368
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,136. 7,619 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-11-2019
Fiscal year end30-09
Activities, NACEBEL
43320Joinery installation
43341Painting of buildings
43240Other construction installation
43299Specialised construction activities
43333Wallpapering and laying of floor and wall coverings in other materials
43910Bricklaying and masonry work
43994Specialised construction activities
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.