MICHLAIN VEURNE
ActiveMICHLAIN VEURNE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-427k) and a net result of €-379k. Equity is shrinking by ~141.2% per year across the filed fiscal years. Its solvency ranks better than 9% of 9150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
31
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability4▼-4
Solvency12▼-11
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.0 against 0.04 in 2024; short-term debt: 45% and cash: 0.1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
-13.2%
Return on assets
-11.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-427k
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 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
29 d early
2024
66 d early
2023
26 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-427k▼ 775%
2024 · €-49k
2023: €234k
2024: €-49k
2023 → 2025
Total assets
€3.23M▼ 0.2%
2024 · €3.23M
2023: €830k
2024: €3.23M
2023 → 2025
Net result
€-379k▼ 33.8%
2024 · €-283k
2023: €138k
2024: €-283k
2023 → 2025
Working capital
€-1.45M▼ 86.1%
2024 · €-777k
2023: €116k
2024: €-777k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€234k-€-49k€-427k▼ 775%
Operating result€171k-€-251k€-286k▼ 13.7%
Net result€138k-€-283k€-379k▼ 33.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €286k in 2025 against €251k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.23M
Fixed assets
€3.22M▲ 0.6%
Current assets
€6k▼ 81.7%
Key figures and ratios
EBITDA
€-94k▲
2024 · €-156k
Cash flow
€-186k▲
2024 · €-187k
Solvency
-13.2%▼
2024 · -1.5%
Current ratio
0.00▼
2024 · 0.04
Quick ratio
0.00▼
2024 · 0.04
Debt / equity
-8.55▲
2024 · -67.25
ROA
-11.7%▼
2024 · -8.8%
Interest coverage
-1.01▲
2024 · -3.11
Debt
€3.65M▲
2024 · €3.28M
Debt ≤ 1 year
€1.45M▲
2024 · €810k
Debt > 1 year
€2.20M▼
2024 · €2.47M
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€3.23M€3.23M▼
Fixed assets21/28€3.20M€3.22M▲
Tangible fixed assets22/27€3.20M€3.22M▲
Land and buildings22€3.20M€3.22M▲
Assets under construction and advance payments27€0-
Current assets29/58€32k€6k▼
Amounts receivable within one year40/41€30k€613▼
Trade receivables40€18k€613▼
Other amounts receivable41€12k€0▼
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€3.23M€3.23M▼
Equity10/15€-49k€-427k▼
Contributions10/11€68k€68k=
Reserves13€138k€138k=
Distributable reserves133€138k€138k=
Profit (loss) carried forward14€-255k€-633k▼
Amounts payable17/49€3.28M€3.65M▲
Amounts payable after more than one year17€2.47M€2.20M▼
Financial debts170/4€2.47M€2.20M▼
Other amounts payable178/9€0-
Amounts payable within one year42/48€810k€1.45M▲
Current portion of amounts payable after more than one year42€267k€272k▲
Trade debts44€479k€49k▼
Suppliers440/4€479k€49k▼
Taxes, remuneration and social security45€10k€987▼
Taxes450/3€10k€987▼
Other amounts payable47/48€53k€1.13M▲
Income statement
Code20242025
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€192k▲
Other operating charges640/8€673€675▲
Non-recurring operating charges66A€0-
Gross operating margin9900€-155k€-93k▲
Operating profit (loss)9901€-251k€-286k▼
Financial income75/76B€18k€0▼
Recurring financial income75€18k€0▼
Financial charges65/66B€50k€93k▲
Recurring financial charges65€50k€93k▲
Profit (loss) for the period before taxes9903€-283k€-379k▼
Transfer from deferred taxes780€0-
Income taxes67/77€0-
Profit (loss) for the period9904€-283k€-379k▼
Profit (loss) for the period to be appropriated9905€-283k€-379k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-255k€-633k▼
Profit (loss) brought forward from the previous period14P€28k€-255k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (15 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
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-379k
Net result drops to €-379k, the lowest in the series.
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Roeselare · 1 establishment unit since 2022
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.
Kwadestraat 1558800 RoeselareGround area
7,646 m²
Building footprint
828 m²
Volume, LiDAR
6 m³
Parcel 36017A1278/00X003, Flanders · tallest building 0.6 m. Linked by address, not a title deed.
1 establishment unit
MICHLAIN VEURNE
since 20222.334.308.463
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017A1278/00X003 | Flanders | 7,646 m² | 1 · 828 m² | 0.6 m |
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.
Similar companies · same sector, comparable size
Syus Real Estate Services
BE 0650.686.688
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ADHORAH
BE 0806.490.464
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ANTERS
BE 0687.647.450
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ASSIMMGEST
BE 0860.015.559
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CYBERNETICS
BE 0430.559.244
Antwerpen · Eq €235k
Of 3,766 companies in sector 68321 we hold annual accounts for 1,390. 998 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-05-2022
Fiscal year end31-12
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
66300Activities auxiliary to financial services and insurance activities
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.