MICHIELS DANNY
ActiveSummary
MICHIELS DANNY has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €17k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 16% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▼-4
Solvency40▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.44 against 0.47 in 2024; short-term debt: 48% and cash: 3.6% of total assets), and 85.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
14.7%
Return on assets
2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7777 sector peers (2025).
NBB · sector comparisonPosition among 7777 sector peers
Solvency
better than 16%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
21 d early
2023
6 d early
2022
24 d early
2021
2 d early
2020
2 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€129k▲ 15.6%
2024 · €112k
2018: €34k
2019: €18k
2020: €47k
2021: €59k
2022: €78k
2023: €82k
2024: €112k
2018 → 2025
Total assets
€876k▼ 2.0%
2024 · €894k
2018: €894k
2019: €975k
2020: €964k
2021: €1.00M
2022: €1.07M
2023: €908k
2024: €894k
2018 → 2025
Net result
€17k▼ 40.8%
2024 · €29k
2018: €-11k
2019: €-15k
2020: €29k
2021: €12k
2022: €19k
2023: €4k
2024: €29k
2018 → 2025
Working capital
€-233k▼ 2.6%
2024 · €-227k
2018: €-165k
2019: €-205k
2020: €-199k
2021: €-215k
2022: €-209k
2023: €-250k
2024: €-227k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€78k▲ 31.7%€82k▲ 5.5%€112k▲ 35.7%€129k▲ 15.6%
Operating result€26k-€29k▲ 13.6%€-17k€45k€37k▼ 18.0%
Net result€12k-€19k▲ 57.7%€4k▼ 77.2%€29k▲ 585%€17k▼ 40.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €876k
Fixed assets
€689k ▼ 0.8%
Current assets
€187k ▼ 6.3%
Equity and liabilities €876k
Equity
€129k ▲ 15.6%
Debt
€747k ▼ 4.5%
Debt's share of the balance-sheet total falls from 87.5% to 85.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€88k▼
2024 · €93k
Cash flow
€69k▼
2024 · €78k
Current ratio
0.44▼
2024 · 0.47
Quick ratio
0.27▼
2024 · 0.29
Debt to equity
5.79▼
2024 · 7.01
ROE
13.5%▼
2024 · 26.3%
ROA
2.0%▼
2024 · 3.3%
Interest coverage
5.71▼
2024 · 7.76
Debt ≤ 1 year
€420k▼
2024 · €427k
Debt > 1 year
€327k▼
2024 · €355k
Income taxes
€4k▲
2024 · €3k
Staff costs
€66k▲
2024 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€894k€876k▼
Fixed assets21/28€694k€689k▼
Tangible fixed assets22/27€694k€689k▼
Land and buildings22€654k€640k▼
Plant, machinery and equipment23€10k€28k▲
Furniture and vehicles24€9k€16k▲
Leasing and similar rights25€21k€5k▼
Current assets29/58€200k€187k▼
Stocks and contracts in progress3€78k€74k▼
Stocks30/36€78k€74k▼
Amounts receivable within one year40/41€69k€75k▲
Trade receivables40€63k€63k▲
Other amounts receivable41€6k€12k▲
Cash at bank and in hand54/58€47k€32k▼
Deferred charges and accrued income490/1€7k€7k▼
Equity and liabilities
Total equity and liabilities10/49€894k€876k▼
Equity10/15€112k€129k▲
Contributions10/11€19k€19k=
Reserves13€93k€110k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€91k€109k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€782k€747k▼
Amounts payable after more than one year17€355k€327k▼
Financial debts170/4€355k€327k▼
Amounts payable within one year42/48€427k€420k▼
Current portion of amounts payable after more than one year42€55k€56k▲
Financial debts43€75k€50k▼
Other loans439€75k€50k▼
Trade debts44€70k€97k▲
Suppliers440/4€70k€97k▲
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€4k€8k▲
Remuneration and social security454/9€724€1k▲
Other amounts payable47/48€222k€207k▼
Income statement
Code20242025
Remuneration, social security and pensions62€63k€66k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€52k▲
Other operating charges640/8€1k€8k▲
Gross operating margin9900€158k€163k▲
Operating profit (loss)9901€45k€37k▼
Financial income75/76B€11€24▲
Recurring financial income75€11€24▲
Non-recurring financial income76B€0-
Financial charges65/66B€12k€15k▲
Recurring financial charges65€12k€15k▲
Profit (loss) for the period before taxes9903€33k€21k▼
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€29k€17k▼
Profit (loss) for the period to be appropriated9905€29k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€30k€17k▼
Profit (loss) brought forward from the previous period14P€768€0▼
Transfer to equity691/2€30k€17k▼
To other reserves6921€30k€17k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (23 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €29k ▲585%
Operating result €45k, net result €29k, both a record.
31-12
Financial
Equity above €100kEq €112k ▲35.7%
5 profitable years in a row build equity to €112k.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €29k
Net result €29k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Heist-op-den-Berg · 1 establishment unit since 1998
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.
Industriepark A 532220 Heist-op-den-BergGround area
1.3 ha
Building footprint
1.2 ha
Volume, LiDAR
118,147 m³
Parcel 12014K0411/00K000, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Industriepark A 53, 2220 Heist-op-den-Berg
since 19982.088.743.956
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0411/00K000indicative | Flanders | 1.3 ha | 1 · 1.2 ha | 11.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel 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
CvH Groep
BE 0759.763.188
Oostende · Eq €129,036
A.G. HOME SERVICES
BE 0476.292.566
Schaarbeek · Eq €129,072
ETABLISSEMENTS THONON
BE 0462.842.824
Saint-Nicolas · Eq €129,103
Jef Wouters
BE 0719.502.349
Arendonk · Eq €128,926
VAN DEN BERGH GINO
BE 0730.807.205
Beerse · Eq €128,920
Of 20,024 companies in sector 43320 we hold annual accounts for 9,135. 7,687 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.