Financials
- Fiscal year
- 2024
- Total assets
- €82,979
- Profit
- €33,030
- Solvency
- 84.9%
Total assets▲ 67.9%
Net result
20232024
Michiels Advisory
ActiveSummary
Michiels Advisory has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €70,470 and a net result of €33,030. Its solvency ranks better than 83% of 8968 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
Activity
Public relations and communication consultancy
NACE 73300NACE 70210
1 site
Size
€82,979total assets 2024
- Equity
- €70,470
- Profit
- €33,030
Turnover not published (abridged schema)
Structure
Accounts 65 d overdue0 of 1 deed read
Why 58Capped at 59: a confirmed filing finding- Figures for FY 2024 (filed 02-11-2025)- 1 financial year not filed after the legal deadline; latest accounts 92 days late; 1 of the last 3 late- Founded in 2022+ Liquidity: current ratio 3.64, cash €35,170Show the evidence
Checked score
Score 2024
58
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 89% of its sector peers (NACE 73, micro)
Performance against the sector, not lower risk
A confirmed filing finding caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2023
Strong
Solvency
100=
equity 84.9% of total assets
Liquidity
97+6
short-term debt 15.1% · cash 42.4%
Profitability
100=
return on assets 39.8%
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● 0.0% vs 11-2024
01-2025: 0.1%▼ -12.4% vs 12-2024lowest value
02-2025: 0.1%▲ +1.3% vs 01-2025
03-2025: 0.1%▲ +6.3% vs 02-2025
04-2025: 0.1%▲ +1.2% vs 03-2025
05-2025: 0.1%▲ +14.1% vs 04-2025
06-2025: 0.1%▼ -2.1% vs 05-2025
07-2025: 0.1%▲ +9.5% vs 06-2025
08-2025: 0.2%▲ +136% vs 07-2025
09-2025: 0.3%▲ +33.9% vs 08-2025
10-2025: 0.7%▲ +98.5% vs 09-2025
11-2025: 0.7%▲ +2.8% vs 10-2025
12-2025: 0.3%▼ -60.7% vs 11-2025
01-2026: 0.3%▼ -0.4% vs 12-2025
02-2026: 0.3%▲ +3.4% vs 01-2026
03-2026: 0.3%▲ +0.4% vs 02-2026
04-2026: 0.3%▲ +2.2% vs 03-2026
05-2026: 0.3%▲ +6.5% vs 04-2026
06-2026: 0.2%▼ -19.6% vs 05-2026
07-2026: 0.2%▲ +2.5% vs 06-2026
08-2026: 0.5%▲ +105% vs 07-2026
09-2026: 0.7%▲ +31.3% vs 08-2026
10-2026: 1.2%▲ +77.2% vs 09-2026highest value
- Figures for FY 2024 (filed 02-11-2025) raises the probability
- Liquidity: current ratio 3.64, cash €35,170 lowers the probability
- 1 financial year not filed after the legal deadline; latest accounts 92 days late; 1 of the last 3 late raises the probability
- Founded in 2022 raises the probability for this profile
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.64 against 3.63 in 2023; short-term debt: 15.1% and cash: 42.4% of total assets), and 15.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 73, micro). Better than this share of them on solvency 87%, liquidity 91%, profitability 88%, growth against the median 89%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
41 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 26 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Key points
By topic
Timeline
- Events
- 2
- Since
- 2024
- 31-10-2025Annual accounts filed
- 20-06-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Public relations and communication consultancyNACE 73300
- Founded
- 18-10-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.