MICHIELS ROBBY
ActiveMICHIELS ROBBY has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62k and a net result of €-11k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 81% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▼-74
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 3.09 against 5.31 in 2024; short-term debt: 23.6% and cash: 50% of total assets), and 23.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
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 2025Solvency, return and age of the figures
Solvency
76.4%
Return on assets
-13.1%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-12-2025, 54 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
54 d early
2024
46 d early
2023
1 d early
2022
1 d early
2021
41 d early
2020
2 d early
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€62k▼ 27.0%
2024 · €86k
2019: €59k
2020: €72k
2021: €87k
2022: €83k
2023: €72k
2024: €86k
2019 → 2025
Total assets
€82k▼ 16.9%
2024 · €98k
2019: €85k
2020: €114k
2021: €123k
2022: €106k
2023: €92k
2024: €98k
2019 → 2025
Net result
€-11k
2024 · €13k
2019: €5k
2020: €12k
2021: €15k
2022: €-4k
2023: €-11k
2024: €13k
2019 → 2025
Working capital
€40k▼ 26.6%
2024 · €55k
2019: €7k
2020: €20k
2021: €39k
2022: €40k
2023: €33k
2024: €55k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€87k-€83k▼ 4.3%€72k▼ 13.0%€86k▲ 18.6%€62k▼ 27.0%
Operating result€20k-€-4k€-10k▼ 175%€20k€-7k
Net result€15k-€-4k€-11k▼ 186%€13k€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €20k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82k
Fixed assets
€22k▼ 27.7%
Current assets
€60k▼ 12.0%
Equity and liabilities €82k
Equity
€62k▼ 27.0%
Debt
€19k▲ 51.1%
The debt ratio rises from 13.0% to 23.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€5k▼
2024 · €31k
Cash flow
€1k▼
2024 · €25k
Solvency
76.4%▼
2024 · 87.0%
Current ratio
3.09▼
2024 · 5.31
Quick ratio
3.09▼
2024 · 5.31
Debt / equity
0.31▲
2024 · 0.15
ROE
-17.2%▼
2024 · 15.7%
ROA
-13.1%▼
2024 · 13.6%
Interest coverage
1.20▼
2024 · 6.86
Debt
€19k▲
2024 · €13k
Debt ≤ 1 year
€19k▲
2024 · €13k
Income taxes
€1k▼
2024 · €4k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€98k€82k▼
Fixed assets21/28€31k€22k▼
Intangible fixed assets21€12k€5k▼
Tangible fixed assets22/27€18k€17k▼
Plant, machinery and equipment23€7k€8k▲
Other tangible fixed assets26€11k€9k▼
Current assets29/58€68k€60k▼
Amounts receivable within one year40/41€31k€14k▼
Trade receivables40€22k€7k▼
Other amounts receivable41€9k€7k▼
Cash at bank and in hand54/58€29k€41k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€98k€82k▼
Equity10/15€86k€62k▼
Contributions10/11€12k€12k=
Reserves13€73k€61k▼
Distributable reserves133€73k€61k▼
Profit (loss) carried forward14-€-11k
Amounts payable17/49€13k€19k▲
Amounts payable within one year42/48€13k€19k▲
Trade debts44€4k€4k▼
Suppliers440/4€4k€4k▼
Taxes, remuneration and social security45€6k€5k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9€3k€3k=
Other amounts payable47/48€3k€10k▲
Income statement
Code20242025
Non-recurring operating income76A€10k€6k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€12k▲
Other operating charges640/8€4k€4k▲
Non-recurring operating charges66A€2k-
Gross operating margin9900€38k€9k▼
Operating profit (loss)9901€20k€-7k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€5k€4k▼
Recurring financial charges65€5k€4k▼
Profit (loss) for the period before taxes9903€18k€-9k▼
Income taxes67/77€4k€1k▼
Profit (loss) for the period9904€13k€-11k▼
Profit (loss) for the period to be appropriated9905€13k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€13k€-11k▼
Transfer from equity791/2-€12k
Transfer to equity691/2€13k-
To other reserves6921€13k-
Profit to be distributed694/7-€12k
Return on contributions (dividend)694-€12k
The notes to these accounts (8 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
2025
08-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
16-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €15k ▲19.8%
Operating result €20k, net result €15k, both a record.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
12-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 12 days late
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, Kapelle-op-den-Bos · 1 establishment unit since 2016
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.
Ipsvoordestraat 711880 Kapelle-op-den-BosGround area
998 m²
Building footprint
141 m²
Volume, LiDAR
922 m³
Parcel 23056B0163/00N000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Michiels Robby BVBA
since 20162.252.278.236
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23056B0163/00N000 | Flanders | 998 m² | 1 · 141 m² | 9.2 m · 2 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 7,039 companies in sector 43221 we hold annual accounts for 3,469. 3,013 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-02-2016
Fiscal year end30-06
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.