MICHIELS
MICHIELS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-41k) and a net result of €-86k. Equity is shrinking by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 894 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
| Equity | €-41k |
| Net result | €-86k |
| Better than sector | 5% |
| Active | 31 yrs |
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -184.8% | 37.3% | |
| Net result | €-86k | €19k | |
| Equity | €-41k | €282k | |
| Gross operating margin | €-77k | €183k | |
| Staff costs | €295 | €159k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-82k | €-14k | €-3k | €2k | €-11k |
| Net profit | €-86k | €-15k | €-11k | €-4k | €-20k |
| Cash flow | €-85k | €-14k | €-3k | €3k | €-10k |
| Staff costs | €295 | - | - | - | €5k |
| Income taxes | - | - | - | - | - |
| Dividends | - | - | - | - | - |
| Total assets | €22k | €120k | €108k | €115k | €121k |
| Equity | €-41k | €45k | €60k | €71k | €75k |
| Debt | €62k | €75k | €48k | €44k | €46k |
| of which ≤ 1y | €55k | €70k | €44k | €42k | €46k |
| of which > 1y | - | - | - | - | - |
| Working capital | €-34k | €47k | €-14k | €-13k | €-15k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.38 | 1.67 | 0.67 | 0.68 | 0.68 |
| Quick ratio | 0.38 | 0.38 | 0.32 | 0.28 | 0.30 |
| Working capital ratio | -156.2% | 38.8% | -13.4% | -11.6% | -12.1% |
| Solvency | -184.8% | 37.4% | 55.8% | 61.8% | 61.9% |
| Debt / equity | -1.54 | 1.67 | 0.79 | 0.62 | 0.62 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | -20.09 | -7.12 | -1.59 | 0.94 | -4.62 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -390.4% | -12.7% | -10.0% | -3.4% | -16.9% |
| ROE | 211.2% | -33.8% | -18.0% | -5.4% | -27.2% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €22k | €120k | €108k | €115k | €121k |
| Fixed assets | 21/28 | €1k | €4k | €79k | €87k | €90k |
| Tangible fixed assets | 22/27 | €1k | €3k | €78k | €86k | €89k |
| Financial fixed assets | 28 | - | €1k | €1k | €1k | €1k |
| Current assets | 29/58 | €21k | €116k | €29k | €29k | €31k |
| Stocks & contracts in progress | 3 | - | €90k | €16k | €17k | €18k |
| Amounts receivable within one year | 40/41 | €19k | €24k | €5k | €10k | €12k |
| Cash & bank | 54/58 | €16 | €2k | €9k | €2k | €1k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €22k | €120k | €108k | €115k | €121k |
| Equity | 10/15 | €-41k | €45k | €60k | €71k | €75k |
| Contributions / capital | 10/11 | €187k | €187k | €187k | €187k | €187k |
| Reserves | 13 | €4k | €4k | €4k | €4k | €4k |
| Accumulated profits (losses) | 14 | €-231k | €-146k | €-131k | €-120k | €-116k |
| Amounts payable | 17/49 | €62k | €75k | €48k | €44k | €46k |
| Amounts payable within one year | 42/48 | €55k | €70k | €44k | €42k | €46k |
| Trade debts payable within one year | 44 | €1k | €2k | €4k | €4k | €4k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-77k | €-6k | €1k | €8k | €-47 |
| Operating result | 9901 | €-82k | €-15k | €-10k | €-5k | €-21k |
| Financial income | 75 | €953 | €2k | €1k | €3k | €3k |
| Financial charges | 65 | €4k | €2k | €2k | €2k | €2k |
| Result before taxes | 9903 | €-86k | €-15k | €-11k | €-4k | €-20k |
| Net result for the period | 9904 | €-86k | €-15k | €-11k | €-4k | €-20k |
| Result to be appropriated | 9905 | €-86k | €-15k | €-11k | €-4k | €-20k |
-
Current02-02-2026 → present
Former directors (1)
-
Former- → 29-11-2023
| NACE primary | Renting and leasing of cars and light motor vehicles(77110) |
| Legal form | Private limited company(610) |
| Incorporation | 13-09-1994 |
| Status | Active |
| Postal code | 2360 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13483G0114/00B004 | Flanders | 1,698 m² | 1 · 125 m² | 15.9 m · 2 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
18-02-2026 SZABO Krisztina appointed as director
- SZABO Krisztina, Bestuurder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "SZABO Krisztina",
"address": null,
"birth_date": null
},
"effective_date": "2026-02-02",
"evidence_quote": "Zodoende wordt met onmiddellijke ingang vanaf heden beslist om zijn legataris mevrouw SZABO Krisztina, geboren te CSONGRAD (HONGARIJE) op 29.09.1971, wonende te 2360 OUD-TURNHOUT, Staatsbaan 69, tevens enig aandeelhouder (100%) te benoemen als onbezoldigd bestuurder."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0453.387.304",
"name_full": "MICHIELS",
"legal_form": "BV"
}
}29-11-2023 Hagen Wilhelmus resigns as director
- Hagen Wilhelmus, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Hagen Wilhelmus",
"address": null,
"birth_date": null
},
"evidence_quote": "De vergadering besluit met het oog op de publicatie in de bijlagen van het Belgisch Staatsblad de huidige statutaire bestuurder (voorheen niet-statutaire zaakvoerder), hierna genoemd, ontslag te geven uit zijn functie en gaat onmiddellijk over tot zijn herbenoeming als niet-statutair bestuurder voor"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0453.387.304",
"name_full": "MICHIELS",
"legal_form": "BVBA"
}
}06-01-2015 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"statute_change": {
"name_change": false,
"seat_change": true,
"object_change": true,
"effective_date": "2014-12-16",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0453.387.304",
"name_full": "MICHIELS",
"legal_form": "BVBA"
},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}07-11-2013 Capital increase of €150,000 to €187,184.02
- €37.184,02 → €187.184,02
Technical details
{
"events": [
{
"kind": "capital_increase",
"amount": 150000,
"currency": "EUR",
"after_eur": 187184.02,
"delta_eur": 150000.0,
"before_eur": 37184.02,
"amount_type": "kapitaal_effectief",
"effective_date": "2013-10-17",
"evidence_quote": "De vergadering beslist eenparig het maatschappelijk kapitaal van de vennootschap te verhogen meti honderdvijftigduizend euro, om het te brengen van zeven en dertig duizend honderd vier en tachtig Euro eni twee eurocent( 37.184,02 Euro naar honderdzevenentachtigduizend honderd vierentachtig euro twee cent 187.184,02 euro",
"contribution_type": "in_kind"
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0453.387.304",
"name_full": "MICHIELS",
"legal_form": "BVBA"
}
}23-02-2004 Articles of association amended
Technical details
{
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"act_meta": {
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},
"statute_change": {
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"effective_date": "2004-02-06",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0453.387.304",
"name_full": "MICHIELS",
"legal_form": "BVBA"
},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}| Legal nameNL | MICHIELS |