MICHIELS AGENCY
InactiveMICHIELS AGENCY was declared bankrupt on 04-10-2021 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 04-04-2022, published in the Belgian State Gazette on 11-04-2022.
No longer registered with the KBO; last annual accounts for fiscal year 2019.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2020 close31-07-2021 deadline23-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 30-11-2020, 122 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
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2019, micro schema
Equity
€13k▲ 88.7%
2018 · €7k
2018: €7k
2018 → 2019
Total assets
€57k▲ 267%
2018 · €16k
2018: €16k
2018 → 2019
Net result
€6k▲ 787%
2018 · €688
2018: €688
2018 → 2019
Working capital
€14k▲ 129%
2018 · €6k
2018: €6k
2018 → 2019
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019Trend
Equity€7k-€13k▲ 88.7%
Operating result€7k-€17k▲ 151%
Net result€688-€6k▲ 787%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2019; 2019 is 151% above 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €57k
Fixed assets
€364▼ 54.3%
Current assets
€57k▲ 284%
Equity and liabilities €57k
Equity
€13k▲ 88.7%
Debt
€44k▲ 408%
The debt ratio rises from 55.7% to 77.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€18k▲
2018 · €7k
Cash flow
€6k▲
2018 · €1k
Solvency
22.8%▼
2018 · 44.3%
Current ratio
1.33▼
2018 · 1.70
Quick ratio
1.33▼
2018 · 1.70
ROE
47.0%▲
2018 · 10.0%
ROA
10.7%▲
2018 · 4.4%
Debt
€44k▲
2018 · €9k
Debt ≤ 1 year
€43k▲
2018 · €9k
Income taxes
€6k▲
2018 · €5k
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 · 2019 against 2018
Balance sheet
Code20182019
Assets
Total assets20/58€16k€57k▲
Fixed assets21/28€795€364▼
Tangible fixed assets22/27€757€364▼
Financial fixed assets28€38€0▼
Current assets29/58€15k€57k▲
Amounts receivable within one year40/41€8k€48k▲
Current investments50/53€6k-
Cash at bank and in hand54/58-€9k
Equity and liabilities
Total equity and liabilities10/49€16k€57k▲
Equity10/15€7k€13k▲
Contributions10/11€6k€6k=
Reserves13€688€7k▲
Amounts payable17/49€9k€44k▲
Amounts payable within one year42/48€9k€43k▲
Trade debts44€419€1k▲
Income statement
Code20182019
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€532€393▼
Gross operating margin9900€11k€20k▲
Operating profit (loss)9901€7k€17k▲
Recurring financial income75€26€967▲
Recurring financial charges65€1k€6k▲
Profit (loss) for the period before taxes9903€5k€12k▲
Income taxes67/77€5k€6k▲
Profit (loss) for the period9904€688€6k▲
Profit (loss) for the period to be appropriated9905€688€6k▲
Timeline · acts, filings and financial milestones
2022
11-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Dendermonde · MICHIELS AGENCY BV GROENEWEG 17, 9320 EREMBODEGEM · event 04-04-2022
2021
08-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · MICHIELS AGENCY BV GROENEWEG 17, 9320 EREMBODEGEM · event 04-10-2021
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
SignalNBB filing
Directors · office · real estate
Directors
3 acts for this company are 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALBERT COPPENS PARKLAAN 101, 9300 AALST- |
04-10-2021 → present |