MICHIELS IMMO
ActiveMICHIELS IMMO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €252k and a net result of €-8k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 29% of 8072 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency38=
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 0.45 in 2023), and 68.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.1%
Return on assets
-1%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€8k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
29 d late
2022
56 d late
2021
24 d late
2020
31 d late
2019
48 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€252k▼ 3.2%
2023 · €260k
2018: €-12k
2019: €306k
2020: €289k
2021: €286k
2022: €270k
2023: €260k
2018 → 2024
Total assets
€811k▼ 3.9%
2023 · €844k
2018: €441k
2019: €774k
2020: €795k
2021: €800k
2022: €821k
2023: €844k
2018 → 2024
Net result
€-8k▲ 18.7%
2023 · €-10k
2018: €-3k
2019: €-9k
2020: €-17k
2021: €-9k
2022: €-16k
2023: €-10k
2018 → 2024
Working capital
€-303k▼ 4.4%
2023 · €-290k
2018: €-218k
2019: €-227k
2020: €-248k
2021: €-256k
2022: €-276k
2023: €-290k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€289k-€286k▼ 1.0%€270k▼ 5.6%€260k▼ 3.7%€252k▼ 3.2%
Operating result€-12k-€-7k▲ 46.3%€-14k▼ 118%€-9k▲ 38.7%€-7k▲ 19.0%
Net result€-17k-€-9k▲ 49.5%€-16k▼ 85.3%€-10k▲ 37.4%€-8k▲ 18.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2024 against €9k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €811k
Fixed assets
€596k▼ 1.1%
Current assets
€215k▼ 10.9%
Equity and liabilities €811k
Equity
€252k▼ 3.2%
Provisions
€18k▼ 5.0%
Debt
€541k▼ 4.2%
The debt ratio falls from 66.9% to 66.7%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-778▲
2023 · €-2k
Cash flow
€-2k▲
2023 · €-3k
Solvency
31.1%▲
2023 · 30.8%
Current ratio
0.41▼
2023 · 0.45
Quick ratio
0.41▼
2023 · 0.45
Debt / equity
2.15▼
2023 · 2.17
ROE
-3.3%▲
2023 · -3.9%
ROA
-1.0%▲
2023 · -1.2%
Interest coverage
-0.40▲
2023 · -1.02
Debt
€541k▼
2023 · €565k
Debt ≤ 1 year
€518k▼
2023 · €531k
Debt > 1 year
€23k▼
2023 · €34k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€844k€811k▼
Fixed assets21/28€603k€596k▼
Tangible fixed assets22/27€603k€596k▼
Land and buildings22€479k€473k▼
Plant, machinery and equipment23€2k€1k▼
Assets under construction and advance payments27€122k€122k=
Current assets29/58€241k€215k▼
Amounts receivable within one year40/41€240k€214k▼
Trade receivables40€240k€214k▼
Other amounts receivable41€11€5▼
Cash at bank and in hand54/58€30€25▼
Deferred charges and accrued income490/1€993€219▼
Equity and liabilities
Total equity and liabilities10/49€844k€811k▼
Equity10/15€260k€252k▼
Contributions10/11€50k€50k=
Capital10€50k€50k=
Issued capital100€50k€50k=
Revaluation surpluses12€327k€327k=
Reserves13€37k€35k▼
Tax-exempt reserves132€37k€35k▼
Profit (loss) carried forward14€-153k€-159k▼
Provisions and deferred taxes16€19k€18k▼
Deferred taxes168€19k€18k▼
Amounts payable17/49€565k€541k▼
Amounts payable after more than one year17€34k€23k▼
Financial debts170/4€34k€23k▼
Amounts payable within one year42/48€531k€518k▼
Current portion of amounts payable after more than one year42€12k€13k▲
Trade debts44€90k€86k▼
Suppliers440/4€90k€86k▼
Advances received on contracts in progress46€4k€4k=
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€422k€413k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€6k▼
Other operating charges640/8€308€415▲
Gross operating margin9900€-2k€-363▲
Operating profit (loss)9901€-9k€-7k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-11k€-9k▲
Transfer from deferred taxes780€940€940=
Profit (loss) for the period9904€-10k€-8k▲
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€-8k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-153k€-159k▼
Profit (loss) brought forward from the previous period14P€-145k€-153k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 56 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 48 days late
2019
31-12
Financial
Equity above €200kEq €306k
Equity rises from €-12k to €306k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Dessel · 1 establishment unit since 1994
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.
Kastelsedijk 422480 DesselGround area
3,289 m²
Building footprint
1,280 m²
Volume, LiDAR
10,641 m³
Parcel 13006F0004/00X003, Flanders · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MICHIELS IMMO NV
since 19942.066.557.086
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13006F0004/00X003 | Flanders | 3,289 m² | 1 · 1,280 m² | 12.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 38,754 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-09-1993
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
68203Renting and operating of own or leased non-residential real estate, excluding land
70203
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.