Michielsen Construct
ActiveSummary
The computed 12-month bankruptcy probability of Michielsen Construct is 3.5% (moderate). The 2024 annual accounts show equity of €12,754 and a net result of €10,587. The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability100
Solvency61
Growth-
Track record67
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.99; short-term debt: 24.9% and cash: 16.8% of total assets), but 63.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
36.3%
Return on assets
30.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-04-2025, 98 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2024
98 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2024 accounts 98 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€12,754
Total assets
€35,147
Net result
€10,587
Working capital
€8,679
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €35,147
Fixed assets
€17,719
Current assets
€17,428
Equity and liabilities €35,147
Equity
€12,754
Debt
€22,393
Debt finances 63.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€15,313
Cash flow
€11,869
Current ratio
1.99
Debt to equity
1.76
ROE
83.0%
ROA
30.1%
Interest coverage
20.19
Debt ≤ 1 year
€8,749
Debt > 1 year
€13,491
Income taxes
€2,686
Annual accounts
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,281 |
| Other operating charges640/8 | €453 |
| Gross operating margin9900 | €15,766 |
| Operating profit (loss)9901 | €14,032 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €758 |
| Recurring financial charges65 | €758 |
| Profit (loss) for the period before taxes9903 | €13,274 |
| Income taxes67/77 | €2,686 |
| Profit (loss) for the period9904 | €10,587 |
| Profit (loss) for the period to be appropriated9905 | €10,587 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €35,147 | |
| Fixed assets21/28 | €17,719 | |
| Tangible fixed assets22/27 | €17,719 | |
| Furniture and vehicles24 | €17,719 | |
| Current assets29/58 | €17,428 | |
| Amounts receivable within one year40/41 | €10,374 | |
| Trade receivables40 | €10,272 | |
| Other amounts receivable41 | €102 | |
| Cash at bank and in hand54/58 | €5,917 | |
| Deferred charges and accrued income490/1 | €1,138 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €35,147 | |
| Equity10/15 | €12,754 | |
| Contributions10/11 | €3,000 | |
| Profit (loss) carried forward14 | €9,754 | |
| Amounts payable17/49 | €22,393 | |
| Amounts payable after more than one year17 | €13,491 | |
| Financial debts170/4 | €13,491 | |
| Amounts payable within one year42/48 | €8,749 | |
| Current portion of amounts payable after more than one year42 | €4,563 | |
| Trade debts44 | €288 | |
| Suppliers440/4 | €288 | |
| Taxes, remuneration and social security45 | €2,950 | |
| Taxes450/3 | €2,950 | |
| Other amounts payable47/48 | €948 | |
| Accrued charges and deferred income492/3 | €152 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €10,587 |
| + Depreciation and write-downs630 | €1,281 |
| Operating cash flow (approximation) | €11,869 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
24-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Grobbendonk · 1 establishment unit since 2024
Ground area
979 m²
Building footprint
49 m²
Volume, LiDAR
228 m³
Parcel 13010C0047/00D002, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Michielsen Construct
since 20242.362.419.063
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13010C0047/00D002 | Flanders | 979 m² | 1 · 49 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded01-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66300Activities auxiliary to financial services and insurance activities
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.