Mickaël COLLARD
ActiveMickaël COLLARD has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €28k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 27676 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-17
Solvency55▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.59 in 2024; short-term debt: 42.3% and cash: 16.2% of total assets), and 70.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.6%
Return on assets
10.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €77k
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
20 d early
2023
9 d early
2022
26 d early
2021
17 d late
2020
31 d late
2019
31 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, micro schema
Turnover
€168k
EBIT margin
6.2%
Net result
€28k▼ 43.3%
2024 · €50k
2018: €5k
2019: €5k
2020: €-16k
2021: €-11k
2022: €2k
2023: €30k
2024: €50k
2018 → 2025
Working capital
€30k▼ 14.3%
2024 · €35k
2018: €-22k
2019: €-15k
2020: €-15k
2021: €-23k
2022: €-25k
2023: €11k
2024: €35k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-10k-€-8k▲ 16.1%€22k€71k▲ 230%€77k▲ 7.9%
Operating result€-7k-€6k€35k▲ 515%€72k▲ 104%€37k▼ 49.3%
Net result€-11k-€2k€30k▲ 1,759%€50k▲ 65.8%€28k▼ 43.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 49% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €260k
Fixed assets
€120k▲ 4.4%
Current assets
€139k▲ 50.4%
Equity and liabilities €260k
Equity
€77k▲ 7.9%
Debt
€183k▲ 33.7%
The debt ratio rises from 65.8% to 70.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€62k▼
2024 · €85k
Cash flow
€53k▼
2024 · €63k
Solvency
29.6%▼
2024 · 34.2%
Current ratio
1.27▼
2024 · 1.59
Quick ratio
1.27▼
2024 · 1.59
Debt / equity
2.38▲
2024 · 1.92
ROE
36.6%▼
2024 · 69.7%
ROA
10.8%▼
2024 · 23.9%
Interest coverage
12.32▼
2024 · 13.08
Debt
€183k▲
2024 · €137k
Debt ≤ 1 year
€110k▲
2024 · €58k
Debt > 1 year
€73k▼
2024 · €78k
Income taxes
€5k▼
2024 · €17k
Staff costs
€117▼
2024 · €2k
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€208k€260k▲
Fixed assets21/28€115k€120k▲
Tangible fixed assets22/27€115k€120k▲
Land and buildings22€4k€3k▼
Plant, machinery and equipment23€915€6k▲
Furniture and vehicles24€110k€111k▲
Financial fixed assets28€135€135=
Current assets29/58€93k€139k▲
Amounts receivable within one year40/41€75k€96k▲
Trade receivables40€48k€57k▲
Other amounts receivable41€27k€40k▲
Cash at bank and in hand54/58€17k€42k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€208k€260k▲
Equity10/15€71k€77k▲
Contributions10/11€19k€19k=
Reserves13€2k€7k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€5k
Profit (loss) carried forward14€50k€51k▲
Amounts payable17/49€137k€183k▲
Amounts payable after more than one year17€78k€73k▼
Financial debts170/4€78k€73k▼
Amounts payable within one year42/48€58k€110k▲
Current portion of amounts payable after more than one year42€20k€26k▲
Trade debts44€22k€42k▲
Suppliers440/4€22k€42k▲
Taxes, remuneration and social security45€13k€16k▲
Taxes450/3€11k€16k▲
Remuneration and social security454/9€2k-
Other amounts payable47/48€3k€26k▲
Income statement
Code20242025
Remuneration, social security and pensions62€2k€117▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€25k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€90k€63k▼
Operating profit (loss)9901€72k€37k▼
Financial income75/76B€965€2k▲
Recurring financial income75€965€2k▲
Financial charges65/66B€7k€5k▼
Recurring financial charges65€7k€5k▼
Profit (loss) for the period before taxes9903€67k€33k▼
Income taxes67/77€17k€5k▼
Profit (loss) for the period9904€50k€28k▼
Profit (loss) for the period to be appropriated9905€50k€28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€50k€78k▲
Profit (loss) brought forward from the previous period14P€647€50k▲
Transfer to equity691/2-€5k
To other reserves6921-€5k
Profit to be distributed694/7-€23k
Return on contributions (dividend)694-€10k
Directors or managers695-€13k
The notes to these accounts (10 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €50k ▲65.8%
Operating result €72k, net result €50k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-16k ▼456%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Nandrin · 1 establishment unit since 2006
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.
Route du Condroz 4074550 NandrinGround area
116 m²
Building footprint
70 m²
Volume, LiDAR
610 m³
Parcel 61053B0021/00V002, Wallonia · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Route du Condroz 407, 4550 Nandrin
since 20062.151.568.777
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61053B0021/00V002 | Wallonia | 116 m² | 1 · 70 m² | 10.7 m · 3 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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AEGIR PROJECTS
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GVGRO
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Buysse Zelzate
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Zelzate · Eq €76k
Of 8,456 companies in sector 43120 we hold annual accounts for 3,233. 2,608 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2005
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
45112
01410Raising of dairy cattle
42110Construction of roads and motorways
43110Demolition
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
45111
45230
45250
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 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.