Financials
- Fiscal year
- 2025
- Total assets
- €60,537
- Profit
- €11,809
- Solvency
- 47.4%
Turnover▼ 16.9%
Net result
20182020
MICHIELSEN@WORK
ActiveSummary
MICHIELSEN@WORK has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,719 and a net result of €11,809. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 12348 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Overview
Activity
Agents in non-specialised wholesale trade
NACE 46190Retail sale of automotive fuel NACE 47300NACE 50500
1 site
Size
€60,537total assets 2025
- Staff
- 3 FTE
- Equity
- €28,719
- Profit
- €11,809
Turnover not published (abridged schema)
Structure
Accounts 59 d early0 of 1 deed read
Why 97+ Liquidity: current ratio 1.82, cash €37,464+ Founded in 1988+ Equity €28,719 (47.4% of total assets)+ Figures for FY 2025 (filed 04-06-2026)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Better than 78% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
72+14
equity 47.4% of total assets
Liquidity
73+9
short-term debt 52.6% · cash 61.9%
Profitability
93+24
return on assets 19.5%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 12 months
11-2025: 0.1%highest value
12-2025: 0.1%● 0.0% vs 11-2025highest value
01-2026: 0.1%▼ -15.2% vs 12-2025
02-2026: 0.1%● 0.0% vs 01-2026
03-2026: 0.1%● 0.0% vs 02-2026
04-2026: 0.1%▲ +1.8% vs 03-2026
05-2026: 0.1%● 0.0% vs 04-2026
06-2026: 0.1%▲ +12.3% vs 05-2026
07-2026: < 0.1%▼ -26.6% vs 06-2026lowest value
08-2026: < 0.1%● 0.0% vs 07-2026lowest value
09-2026: < 0.1%● 0.0% vs 08-2026lowest value
10-2026: < 0.1%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 1.82, cash €37,464 lowers the probability
- Founded in 1988 lowers the probability for this profile
- Equity €28,719 (47.4% of total assets) lowers the probability
- Figures for FY 2025 (filed 04-06-2026) lowers the probability
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.37 in 2024; short-term debt: 52.6% and cash: 61.9% of total assets), but 52.6% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 55%, liquidity 78%, profitability 87%, growth against the median 91%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
51 d early
2023
37 d early
2022
56 d early
2021
53 d early
2020
33 d early
2019
14 d 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 43 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Back to profitnet €170
Key points
By topic
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 02-06-2026Annual accounts filed
- 10-06-2025Annual accounts filed
- 31-12-2024Back to profit
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Agents in non-specialised wholesale tradeNACE 46190
- Founded
- 30-06-1988
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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