MICOVER
ActiveSummary
MICOVER has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,907 and a net result of €8,725. Equity is growing by ~60.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency98▼-2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 6.41 against 9.45 in 2024; short-term debt: 11.2% and cash: 42.2% of total assets), and 27.4% of the assets are financed with debt.
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Signals
Four 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
72.6%
Return on assets
4.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 01-12-2025, 150 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
150 d early
2024
55 d early
2023
14 d early
2022
5 d early
2021
on the day
2020
3 d early
2019
2 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 33 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€146,907▲ 6.3%
2024 · €138,181
Total assets
€202,270▲ 18.3%
2024 · €170,980
Net result
€8,725▲ 200%
2024 · €2,911
Working capital
€122,273▲ 4.6%
2024 · €116,847
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,593▼ 42.5%€158,837▲ 603%€28,889▼ 81.8%€5,440▼ 81.2%€11,307▲ 108%
Net result€11,648within the sector's middle half▼ 58.3%€104,538above the sector's middle half▲ 797%€20,854within the sector's middle half▼ 80.1%€2,911within the sector's middle half▼ 86.0%€8,725within the sector's middle half▲ 200%
Equity€21,379within the sector's middle half▲ 0.7%€114,417within the sector's middle half▲ 435%€135,271above the sector's middle half▲ 18.2%€138,181above the sector's middle half▲ 2.2%€146,907above the sector's middle half▲ 6.3%
Total assets€387,436above the sector's middle half▼ 5.5%€144,951within the sector's middle half▼ 62.6%€191,511within the sector's middle half▲ 32.1%€170,980within the sector's middle half▼ 10.7%€202,270within the sector's middle half▲ 18.3%
Debt€366,057▼ 5.8%€30,535▼ 91.7%€56,240▲ 84.2%€32,799▼ 41.7%€55,363▲ 68.8%
Working capital-€6,433below the sector's middle half▲ 20.6%€112,959above the sector's middle half€112,565above the sector's middle half▼ 0.3%€116,847above the sector's middle half▲ 3.8%€122,273above the sector's middle half▲ 4.6%
Solvency5.5%below the sector's middle half▲ 0.3pp78.9%above the sector's middle half▲ 73.4pp70.6%above the sector's middle half▼ 8.3pp80.8%above the sector's middle half▲ 10.2pp72.6%above the sector's middle half▼ 8.2pp
Current ratio0.84below the sector's middle half▲ 0.014.74above the sector's middle half▲ 3.904.88above the sector's middle half▲ 0.149.45above the sector's middle half▲ 4.566.41above the sector's middle half▼ 3.03
Return on assets (ROA)3.0%within the sector's middle half▼ 3.8pp72.1%above the sector's middle half▲ 69.1pp10.9%within the sector's middle half▼ 61.2pp1.7%within the sector's middle half▼ 9.2pp4.3%within the sector's middle half▲ 2.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 108% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €202,270
Fixed assets
€57,410 ▲ 42.5%
Current assets
€144,860 ▲ 10.8%
Equity and liabilities €202,270
Equity
€146,907 ▲ 6.3%
Debt
€55,363 ▲ 68.8%
Debt's share of the balance-sheet total rises from 19.2% to 27.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22,449▲
2024 · €16,413
Cash flow
€19,867▲
2024 · €13,883
Debt to equity
0.38▲
2024 · 0.24
ROE
5.9%▲
2024 · 2.1%
Interest coverage
17.97▲
2024 · 9.83
Debt ≤ 1 year
€22,587▲
2024 · €13,835
Debt > 1 year
€32,747▲
2024 · €18,964
Income taxes
€3,686▲
2024 · €1,275
Staff costs
€2,812▼
2024 · €3,279
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,905 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €163,674 | €11,500 | - | €2,050 | - |
| Remuneration, social security and pensions62 | - | - | €529 | €3,279 | €2,812 | ▼ 14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,639 | €4,973 | €4,333 | €10,973 | €11,142 | ▲ 1.5% |
| Other operating charges640/8 | - | €1,730 | €1,085 | €1,401 | €1,007 | ▼ 28.1% |
| Non-recurring operating charges66A | - | €1,155 | - | €135 | - | - |
| Gross operating margin9900 | €42,497 | €166,695 | €34,836 | €21,228 | €26,268 | ▲ 23.7% |
| Operating profit (loss)9901 | €22,593 | €158,837 | €28,889 | €5,440 | €11,307 | ▲ 108% |
| Financial income75/76B | - | €1,110 | €1,970 | €416 | €2,354 | ▲ 466% |
| Recurring financial income75 | €1,592 | €1,110 | €1,970 | €416 | €2,354 | ▲ 466% |
| Financial charges65/66B | - | €11,751 | €631 | €1,670 | €1,249 | ▼ 25.2% |
| Recurring financial charges65 | €12,339 | €11,751 | €631 | €1,670 | €1,249 | ▼ 25.2% |
| Profit (loss) for the period before taxes9903 | €11,846 | €148,196 | €30,228 | €4,186 | €12,412 | ▲ 197% |
| Income taxes67/77 | €199 | €43,658 | €9,374 | €1,275 | €3,686 | ▲ 189% |
| Profit (loss) for the period9904 | €11,648 | €104,538 | €20,854 | €2,911 | €8,725 | ▲ 200% |
| Profit (loss) for the period to be appropriated9905 | €11,648 | €104,538 | €20,854 | €2,911 | €8,725 | ▲ 200% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €387,436 | €144,951 | €191,511 | €170,980 | €202,270 | ▲ 18.3% |
| Fixed assets21/28 | €352,816 | €1,805 | €49,954 | €40,298 | €57,410 | ▲ 42.5% |
| Intangible fixed assets21 | €1,155 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €351,256 | €1,805 | €49,954 | €40,298 | €57,410 | ▲ 42.5% |
| Plant, machinery and equipment23 | - | €1,327 | €1,038 | €1,289 | €865 | ▼ 32.9% |
| Furniture and vehicles24 | - | €477 | €48,916 | €39,010 | €56,545 | ▲ 45.0% |
| Financial fixed assets28 | €405 | - | - | - | - | - |
| Current assets29/58 | €34,620 | €143,147 | €141,557 | €130,682 | €144,860 | ▲ 10.8% |
| Amounts receivable within one year40/41 | €18,393 | €23,536 | €42,665 | €51,941 | €57,467 | ▲ 10.6% |
| Trade receivables40 | - | €1,447 | €91 | - | €5,890 | - |
| Other amounts receivable41 | - | €22,089 | €42,574 | €51,941 | €51,577 | ▼ 0.7% |
| Current investments50/53 | €250 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €14,989 | €118,598 | €97,883 | €77,847 | €85,413 | ▲ 9.7% |
| Deferred charges and accrued income490/1 | - | €1,013 | €1,009 | €893 | €1,979 | ▲ 122% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €387,436 | €144,951 | €191,511 | €170,980 | €202,270 | ▲ 18.3% |
| Equity10/15 | €21,379 | €114,417 | €135,271 | €138,181 | €146,907 | ▲ 6.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €15,179 | €108,217 | €129,071 | €131,981 | €140,707 | ▲ 6.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €106,357 | €127,211 | €131,981 | €140,707 | ▲ 6.6% |
| Amounts payable17/49 | €366,057 | €30,535 | €56,240 | €32,799 | €55,363 | ▲ 68.8% |
| Amounts payable after more than one year17 | €324,069 | - | €26,901 | €18,964 | €32,747 | ▲ 72.7% |
| Financial debts170/4 | - | - | €26,901 | €18,964 | €32,747 | ▲ 72.7% |
| Amounts payable within one year42/48 | €41,053 | €30,187 | €28,992 | €13,835 | €22,587 | ▲ 63.3% |
| Current portion of amounts payable after more than one year42 | - | €4,474 | €6,512 | €6,826 | €11,941 | ▲ 74.9% |
| Trade debts44 | €6,249 | €4,100 | €5,797 | €6,007 | €7,953 | ▲ 32.4% |
| Suppliers440/4 | - | €4,100 | €5,797 | €6,007 | €7,953 | ▲ 32.4% |
| Taxes, remuneration and social security45 | - | €10,113 | €16,683 | €1,002 | €2,693 | ▲ 169% |
| Taxes450/3 | - | €10,113 | €16,683 | €1,002 | €870 | ▼ 13.2% |
| Remuneration and social security454/9 | - | - | - | - | €1,823 | - |
| Other amounts payable47/48 | - | €11,500 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €348 | €348 | - | €29 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,648 | €104,538 | €20,854 | €2,911 | €8,725 | ▲ 200% |
| + Depreciation and write-downs630 | €17,639 | €4,973 | €4,333 | €10,973 | €11,142 | ▲ 1.5% |
| Operating cash flow (approximation) | €29,286 | €109,511 | €25,187 | €13,883 | €19,867 | ▲ 43.1% |
| Investment in fixed assets (approximation) | - | €346,039 | -€52,482 | -€1,317 | -€28,254 | ▼ 2,045% |
| Change in cash | - | €103,609 | -€20,714 | -€20,036 | €7,566 | ▲ 138% |
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
Next filing, fiscal year 2026, expected by
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
06-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €2,911 ▼86%
Net result drops to €2,911, the lowest in the series; recovery starts the following year.
15-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
Financial
Highest result since 2019net €104,538 ▲797%
Operating result €158,837, net result €104,538, both a record.
31-07
Financial
Liquidity times 6current ratio 4.74
Current ratio from 0.84 to 4.74; short-term debt falls from €41,053 to €30,187.
31-07
Financial
Equity above €100,000Eq €114,417 ▲435%
4 profitable years in a row build equity to €114,417.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Alveringem · 1 establishment unit since 2020
Ground area
676 m²
Building footprint
117 m²
Volume, LiDAR
651 m³
Parcel 38004C0070/00R000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schilderwerken Bauwens Michaël
since 20202.301.107.442
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38004C0070/00R000 | Flanders | 676 m² | 1 · 117 m² | 9.4 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.
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,666. 2,170 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-10-2009
Fiscal year end30-09
Activities, NACEBEL 2025
43341Painting of buildings
43310Plastering work
43350Other building finishing work
46130Agents in the wholesale of timber and building materials
46150Agents in the wholesale of furniture, household goods and hardware
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
74130Interior design
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820210422
Also
9925:BE0820210422
Registered
17-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.