Michielsen J.

Active

Private limited companyfounded 2017active for 9 yearsPluiskensvest(NDW) 1, 2200 Herentals, BelgiumKBO/BCE: BE 0669.493.703

From the official registers: KBO 9 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Michielsen J. has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,027 and a net result of €20,272. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 14% of 9,883 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

Risk analysisFollow Report Compare

Michielsen J.ActiveChecked score 65/100

Risk analysis Report Compare

Official details

KBO

Status: Active since 12-01-2017 Normal situation
Legal form: Private limited company
Registered office: Pluiskensvest(NDW) 1, 2200 Herentals
Activity: General electrical installation work NACE 43211and 5 others
Establishment unit: 2.260.176.511 2200 Herentals, since 12-01-2017
Financial year end: 31 December
Peppol: Reachable

Company details

Who decides

Board

INVICTUS INVESTDirector · since 25-10-2023 · permanent representative Jens Michielsen

Board & ownership

How it is doing

65 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 1.0%

Annual accounts 2025

Gross margin: €1.1m; ▲ 8.0%
Turnover: ≈ €3.0m; estimated
Profit: €20,272; ▼ 45.2%
Equity: €130,027; ▲ 4.8%
Total assets: €1.1m; ▲ 10.7%
Staff: 14.7 FTE; ▲ 8.9%

2025 accounts 2 days early

Filed on 29-07-2026at the National Bank

Financials

Why 65raises riskEquity €130,027 (12.4% of total assets)Sector: Specialised construction activities (NACE 43)Size: 14.7 FTE, total assets €1.1mlowers riskLiquidity: current ratio 0.99, cash €185,667Show the evidence

Checked score

Score 2025

65 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 31% of its sector peers (NACE 43, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 37-1

equity 12.4% of total assets

Liquidity 28-5

short-term debt 80.3% · cash 17.6%

Profitability 71-3

return on assets 1.9%

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (2,649 companies, NACE 43, small)

Last 24 months 11-2024: 2.6% 12-2024: 2.6%● unchanged vs 11-2024 01-2025: 2.5%▼ -0.1 percentage points vs 12-2024 02-2025: 2.5%● unchanged vs 01-2025 03-2025: 2.2%▼ -0.3 percentage points vs 02-2025 04-2025: 2.4%▲ +0.2 percentage points vs 03-2025 05-2025: 2.8%▲ +0.4 percentage points vs 04-2025highest value 06-2025: 2.6%▼ -0.2 percentage points vs 05-2025 07-2025: 1.1%▼ -1.5 percentage points vs 06-2025 08-2025: 1.1%● unchanged vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 1.1%● unchanged vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 0.9%▼ -0.2 percentage points vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.8%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 0.9%▲ +0.1 percentage points vs 06-2026 08-2026: 1.0%▲ +0.1 percentage points vs 07-2026 09-2026: 1.0%● unchanged vs 08-2026 10-2026: 1.0%● unchanged vs 09-2026

Credit of up to €8,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.99, compared with 0.96 in 2024, below 1; short-term debt: 80.3% and cash: 17.6% of total assets), and 87.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small): better than 13% on solvency, 21% on liquidity, 44% on profitability and 48% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.

lowers riskraises riskneutral

Equity €130,027 (12.4% of total assets)

NBB · annual accounts

Sector: Specialised construction activities (NACE 43)

KBO

Liquidity: current ratio 0.99, cash €185,667

NBB · annual accounts

Size: 14.7 FTE, total assets €1.1m

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 9883 sector peers (2025).

NBB · sector comparison

Position among 9883 sector peers

Solvency

better than 14%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

2 days early

2024

32 days early

2023

14 days early

2022

27 days early

2021

25 days early

2020

32 days early

2019

32 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

01-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

Key points

Caution: Among the weakest 14% on solvencysector median 44.0% · 9,883 companies 12.4% View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Positive: 8 profitable years in a rowprofit 2025: €20,272 8 years View

Documents

Key facts about Michielsen J.

What is the company number of Michielsen J.?: 0669.493.703. In Belgium the VAT number is the company number with BE in front: BE 0669.493.703.
Where is Michielsen J. based?: The registered office is at Pluiskensvest(NDW) 1, 2200 Herentals.Company details
What does Michielsen J. do?: According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of Michielsen J.?: Private limited company (BV).
When was Michielsen J. founded?: On 12-01-2017.
Is Michielsen J. still active?: Yes, Michielsen J. is an active enterprise in the KBO register.
How many employees does Michielsen J. have?: On average 14.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of Michielsen J.?: ≈ €3.0m in financial year 2025. Estimated from the gross margin of €1.1m: probably between €2.4m and €3.8m, based on 31 comparable companies, NACE 432.
Is Michielsen J. profitable?: In financial year 2025, Michielsen J. made a profit of €20,272.
Where can I find the annual accounts of Michielsen J.?: Michielsen J. filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Michielsen J. due?: By 31-07-2027, for financial year 2026.Timeline