Michiels Projecten

Active

Private limited companyfounded 200817 yrs activeMuilenstraat 161, 1770 Liedekerke, BelgiumKBO/BCE: BE 0807.284.082

Michiels Projecten has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €399k and a net result of €94k. Its solvency ranks better than 82% of 4477 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2025

84 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability90

Solvency98

Growth-

Track record85

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 2.24; short-term debt: 26.4% and cash: 29.8% of total assets), and 26.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 81

Relative position

BE, all sectors

reference

Sector 81

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

73.2%

Return on assets

17.2%

Age of the figures

15 mo

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2025

5 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€399k

Total assets

€545k

Net result

€94k

Working capital

€179k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €545k

40.8%

59.2%

Fixed assets €222k

Current assets €323k

Equity and liabilities €545k

73.2%

26.8%

Equity €399k

Debt €146k

Debt finances 26.8% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€190k

Cash flow

€141k

Solvency

73.2%

Current ratio

2.24

Quick ratio

2.24

Debt / equity

0.37

ROE

23.5%

ROA

17.2%

Interest coverage

167.63

Debt

€146k

Debt ≤ 1 year

€144k

Debt > 1 year

€2k

Income taxes

€48k

Staff costs

€237k

Filed annual accounts

As filed with the NBB · 2025

Balance sheet Code2025

Assets

Total assets20/58€545k

Fixed assets21/28€222k

Tangible fixed assets22/27€222k

Land and buildings22€35k

Plant, machinery and equipment23€51k

Furniture and vehicles24€136k

Current assets29/58€323k

Amounts receivable within one year40/41€161k

Trade receivables40€138k

Other amounts receivable41€23k

Cash at bank and in hand54/58€162k

Equity and liabilities

Total equity and liabilities10/49€545k

Equity10/15€399k

Contributions10/11€1k

Reserves13€398k

Non-distributable reserves130/1€100

Reserves not available under the articles1311€100

Distributable reserves133€398k

Amounts payable17/49€146k

Amounts payable after more than one year17€2k

Financial debts170/4€2k

Amounts payable within one year42/48€144k

Current portion of amounts payable after more than one year42€7k

Trade debts44€61k

Suppliers440/4€61k

Advances received on contracts in progress46€9k

Taxes, remuneration and social security45€66k

Taxes450/3€48k

Remuneration and social security454/9€18k

Other amounts payable47/48€1k

Income statement Code2025

Remuneration, social security and pensions62€237k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k

Other operating charges640/8€5k

Non-recurring operating charges66A€41k

Gross operating margin9900€472k

Operating profit (loss)9901€142k

Financial income75/76B€374

Recurring financial income75€374

Financial charges65/66B€1k

Recurring financial charges65€1k

Profit (loss) for the period before taxes9903€141k

Income taxes67/77€48k

Profit (loss) for the period9904€94k

Profit (loss) for the period to be appropriated9905€94k

Appropriation of the result

Profit (loss) to be appropriated9906€94k

Transfer to equity691/2€94k

To other reserves6921€94k

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 1Filings 1

2026

26-01

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2010

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-07-2010 Goelens Hilde: Resigned as Manager

01-07-2010 Meuleman Jens: Resigned as Manager

Location & real-estate footprint

Registered office, Liedekerke · 1 establishment unit since 2008

establishment The establishment unit on the map

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.

Muilenstraat 1611770 Liedekerke

Ground area

427 m²

Building footprint

22 m²