Parent and group
- Square Group100%
- LT CAPITAL & ADVICE100%
MICHIELS AANNEMINGEN
ActiveFrom the official registers: KBO 43 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
MICHIELS AANNEMINGEN has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.2m and a net result of €429,587. Equity has been shrinking by about 9.8% per year since 2018. Its solvency ranks better than 95% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 31-03-1982 Normal situation
- Registered office
- 24 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Site preparation NACE 43120and 3 others
- Establishment unit
- 2.020.317.186 9032 Gent, since 31-03-1982
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- Square Group NVChair · permanent representative Sylva Mannens
- Lynn DessomvieleDirector
Shareholders
- ACLAGRO100%annual accounts 2025
- LT Capital & Advice BVconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €433,596
- ▲ 153%
- Turnover
- ≈ €1.2m
- estimated
- Profit
- €429,587
- ▲ 212%
- Equity
- €3.2m
- ▲ 15.3%
- Total assets
- €3.5m
- ▲ 13.1%
Net result +212%: other schema
Filed on 23-06-2026, 38 days before the deadlineat the National Bank
Score breakdownraises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 37.01, cash €80,815lowers riskSize: total assets €3.5mFigures for financial year 2025 (filed on 23-06-2026)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency
100=
equity 93.7% of total assets
Liquidity
53+1
short-term debt 2.6% · cash 2.3%
Profitability
84+10
return on assets 12.4%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.1%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €310,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 37.01 (42.53 in 2024), above the usual 1.5. Short-term debt is 2.6% and cash 2.3% of total assets. 6.3% of the assets are financed with debt and provisions.
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, small). It does better than 95% of them on solvency, 65% on liquidity, 81% on profitability and 70% on growth.
The bankruptcy probability was computed on 01-11-2026 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
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 days early
2024
38 days early
2023
63 days early
2022
61 days early
2021
61 days early
2020
22 days early
2019
138 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 60 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 May (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: Result rose in 2025different schema filed ▲ 212% View
- Positive: Higher solvency than 95% of companies in specialised constructionsector median 42.5% · 2,445 companies 93.7% View
- Board changedlatest change 30-05-2026 · 2 in office 2 joined · 1 left View
- Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Companies linked to MICHIELS AANNEMINGEN
Comparable companies
These companies have the same main activity as MICHIELS AANNEMINGEN: site preparation (NACE 43120). They are comparable in size and age: total assets between €2.4m and €5.6m, founded between 1986 and 1995.
| Company | Total assets | Gross margin |
|---|---|---|
| MICHIELS AANNEMINGEN Gent | €3.5m | €0.4m |
| LOGIS-BeL Herstal | €4.2m | €0.4m |
| KEBRO Oudsbergen | €2.7m | €0.6m |
| MONFORT TERRASSEMENT Gesves | €4.0m | €0.4m |
| ANDEP Deinze | €4.7m | €0.8m |
| DE VLIEGER THEO Hamme (Vl.) | €2.4m | €0.7m |
| INDIMMO Beveren-Kruibeke-Zwijndrecht | €5.6m | €0.7m |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 23-06-2026
- Annual accounts 2024filed on 23-06-2025
- Annual accounts 2023filed on 29-05-2024
- Annual accounts 2022filed on 31-05-2023
Acts in the Belgian Official Gazette
- Resignations & appointmentsact of 11-06-2026
- Resignations & appointmentsact of 12-07-2023
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
- Check the withholding obligationwith enterprise number 0422.513.984
Key facts about MICHIELS AANNEMINGEN
- What is the company number of MICHIELS AANNEMINGEN?
- The company number of MICHIELS AANNEMINGEN is 0422.513.984. The VAT number is the same number with BE in front: BE 0422.513.984.
- Where is MICHIELS AANNEMINGEN based?
- The registered office is at Industrieweg 76, 9032 Gent.Company details
- What does MICHIELS AANNEMINGEN do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of MICHIELS AANNEMINGEN?
- The legal form of MICHIELS AANNEMINGEN is Public limited company (NV).
- When was MICHIELS AANNEMINGEN founded?
- MICHIELS AANNEMINGEN was founded on 31-03-1982.
- Is MICHIELS AANNEMINGEN still active?
- Yes, MICHIELS AANNEMINGEN is an active enterprise in the KBO register.
- How many employees does MICHIELS AANNEMINGEN have?
- MICHIELS AANNEMINGEN had an average of 18.8 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of MICHIELS AANNEMINGEN?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €433,596 and 145 comparable companies (NACE 43). It probably lies between €930,000 and €1.6m. In financial year 2023 turnover was €108,816.
- Is MICHIELS AANNEMINGEN profitable?
- In financial year 2025, MICHIELS AANNEMINGEN made a profit of €429,587.
- Where can I find the annual accounts of MICHIELS AANNEMINGEN?
- MICHIELS AANNEMINGEN filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
- When are the next annual accounts of MICHIELS AANNEMINGEN due?
- MICHIELS AANNEMINGEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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