MICROSOUDURE
ActiveSummary
MICROSOUDURE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €57,807. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 93% of 1041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 10.18 against 13.9 in 2024; short-term debt: 9.1% and cash: 29.9% of total assets), and 9.3% of the assets are financed with debt.
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Signals
Five 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 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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
90.7%
Return on assets
3.7%
Age of the figures
9 mo
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
16 d early
2023
20 d early
2022
18 d early
2021
16 d early
2020
31 d late
2019
17 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 10 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€57,807▼ 67.4%
2024 · €177,535
Working capital
€1.3m▲ 5.9%
2024 · €1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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€133,397▼ 78.2%€303,686▲ 128%€171,605▼ 43.5%€237,764▲ 38.6%€68,744▼ 71.1%
Net result€53,855within the sector's middle half▼ 88.7%€204,630within the sector's middle half▲ 280%€119,748within the sector's middle half▼ 41.5%€177,535within the sector's middle half▲ 48.3%€57,807within the sector's middle half▼ 67.4%
Equity€865,456within the sector's middle half▼ 26.0%€1.1mwithin the sector's middle half▲ 23.6%€1.2mwithin the sector's middle half▲ 11.2%€1.4mwithin the sector's middle half▲ 14.9%€1.4mabove the sector's middle half▲ 4.2%
Total assets€1.7mwithin the sector's middle half▼ 10.0%€1.7mwithin the sector's middle half▼ 0.5%€1.3mwithin the sector's middle half▼ 19.6%€1.5mwithin the sector's middle half▲ 10.2%€1.6mwithin the sector's middle half▲ 7.1%
Debt€798,974▲ 44.5%€585,743▼ 26.7%€141,470▼ 75.8%€99,420▼ 29.7%€146,446▲ 47.3%
Working capital€617,932within the sector's middle half▼ 45.3%€876,610within the sector's middle half▲ 41.9%€1.0mwithin the sector's middle half▲ 18.3%€1.2mwithin the sector's middle half▲ 19.5%€1.3mabove the sector's middle half▲ 5.9%
Solvency52.0%within the sector's middle half▼ 11.3pp64.6%above the sector's middle half▲ 12.6pp89.4%above the sector's middle half▲ 24.7pp93.2%above the sector's middle half▲ 3.8pp90.7%above the sector's middle half▼ 2.5pp
Current ratio1.84within the sector's middle half▼ 2.372.56above the sector's middle half▲ 0.728.68above the sector's middle half▲ 6.1213.90above the sector's middle half▲ 5.2210.18above the sector's middle half▼ 3.72
Return on assets (ROA)3.2%within the sector's middle half▼ 22.5pp12.4%above the sector's middle half▲ 9.1pp9.0%within the sector's middle half▼ 3.4pp12.1%above the sector's middle half▲ 3.1pp3.7%within the sector's middle half▼ 8.4pp
Staff (FTE)8.7within the sector's middle half▼ 1.1%7.8within the sector's middle half▼ 10.3%6.9within the sector's middle half▼ 11.5%6.1below the sector's middle half▼ 11.6%5.9within the sector's middle half▼ 3.3%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -67% on 2024. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 71% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€116,043 ▼ 11.6%
Current assets
€1.5m ▲ 9.0%
Equity and liabilities €1.6m
Equity
€1.4m ▲ 4.2%
Debt
€146,446 ▲ 47.3%
Debt's share of the balance-sheet total rises from 6.8% to 9.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€96,133▼
2024 · €265,938
Cash flow
€85,195▼
2024 · €205,709
Quick ratio
8.05▼
2024 · 10.91
Debt to equity
0.10▲
2024 · 0.07
ROE
4.1%▼
2024 · 13.0%
Interest coverage
54.63▼
2024 · 127.91
Debt ≤ 1 year
€142,921▲
2024 · €96,068
Income taxes
€26,545▼
2024 · €83,363
Staff costs
€405,636▲
2024 · €395,765
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
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 0.5% 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 17,027 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €402,366 | €389,307 | €420,904 | €395,765 | €405,636 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €76,287 | €72,753 | €58,770 | €28,174 | €27,388 | ▼ 2.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €3,443 | -€17,678 | -€4,142 | -€1,341 | -€17,745 | ▼ 1,223% |
| Other operating charges640/8 | €62,334 | €51,899 | €3,251 | €27,925 | €23,909 | ▼ 14.4% |
| Non-recurring operating charges66A | - | €70,000 | - | €59 | - | - |
| Gross operating margin9900 | €677,826 | €869,966 | €650,388 | €688,346 | €507,932 | ▼ 26.2% |
| Operating profit (loss)9901 | €133,397 | €303,686 | €171,605 | €237,764 | €68,744 | ▼ 71.1% |
| Financial income75/76B | €5 | €1,821 | €11,208 | €25,213 | €17,367 | ▼ 31.1% |
| Recurring financial income75 | €5 | €1,821 | €11,208 | €25,213 | €17,367 | ▼ 31.1% |
| Financial charges65/66B | €4,780 | €3,174 | €2,308 | €2,079 | €1,760 | ▼ 15.4% |
| Recurring financial charges65 | €4,780 | €3,174 | €2,308 | €2,079 | €1,760 | ▼ 15.4% |
| Profit (loss) for the period before taxes9903 | €128,622 | €302,333 | €180,505 | €260,897 | €84,352 | ▼ 67.7% |
| Transfer from deferred taxes780 | €125,697 | - | - | - | - | - |
| Income taxes67/77 | €200,464 | €97,703 | €60,756 | €83,363 | €26,545 | ▼ 68.2% |
| Profit (loss) for the period9904 | €53,855 | €204,630 | €119,748 | €177,535 | €57,807 | ▼ 67.4% |
| Transfer from tax-exempt reserves789 | €377,090 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €430,944 | €204,630 | €119,748 | €177,535 | €57,807 | ▼ 67.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.7m | €1.3m | €1.5m | €1.6m | ▲ 7.1% |
| Fixed assets21/28 | €312,467 | €218,264 | €159,493 | €131,319 | €116,043 | ▼ 11.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €283,703 | €193,407 | €134,636 | €106,462 | €91,186 | ▼ 14.3% |
| Plant, machinery and equipment23 | €241,886 | €175,821 | €123,835 | €102,037 | €85,871 | ▼ 15.8% |
| Furniture and vehicles24 | €41,817 | €4,330 | €2,743 | €1,564 | €5,314 | ▲ 240% |
| Leasing and similar rights25 | - | €13,256 | €8,059 | €2,862 | €0 | ▼ 100% |
| Financial fixed assets28 | €28,764 | €24,857 | €24,857 | €24,857 | €24,857 | = |
| Current assets29/58 | €1.4m | €1.4m | €1.2m | €1.3m | €1.5m | ▲ 9.0% |
| Stocks and contracts in progress3 | €238,251 | €340,101 | €242,747 | €287,599 | €304,364 | ▲ 5.8% |
| Stocks30/36 | €238,251 | €340,101 | €242,747 | €287,599 | €304,364 | ▲ 5.8% |
| Amounts receivable within one year40/41 | €804,265 | €558,310 | €450,047 | €397,887 | €321,220 | ▼ 19.3% |
| Trade receivables40 | €652,371 | €553,702 | €449,177 | €387,656 | €289,213 | ▼ 25.4% |
| Other amounts receivable41 | €151,895 | €4,608 | €870 | €10,232 | €32,006 | ▲ 213% |
| Current investments50/53 | - | - | - | €250,000 | €350,000 | ▲ 40.0% |
| Cash at bank and in hand54/58 | €305,814 | €531,545 | €476,642 | €320,454 | €470,092 | ▲ 46.7% |
| Deferred charges and accrued income490/1 | €3,633 | €7,610 | €2,374 | €79,529 | €9,904 | ▼ 87.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.3m | €1.5m | €1.6m | ▲ 7.1% |
| Equity10/15 | €865,456 | €1.1m | €1.2m | €1.4m | €1.4m | ▲ 4.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €845,456 | €1.0m | €1.2m | €1.3m | €1.4m | ▲ 4.3% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | €2,000 | €2,000 | - | - | - | - |
| Tax-exempt reserves132 | €117,162 | €117,162 | €117,162 | €117,162 | €117,162 | = |
| Distributable reserves133 | €726,294 | €930,294 | €1.1m | €1.2m | €1.3m | ▲ 4.7% |
| Profit (loss) carried forward14 | - | €630 | €1,378 | €1,413 | €1,520 | ▲ 7.6% |
| Amounts payable17/49 | €798,974 | €585,743 | €141,470 | €99,420 | €146,446 | ▲ 47.3% |
| Amounts payable after more than one year17 | €62,571 | €24,729 | €2,777 | €0 | - | - |
| Financial debts170/4 | €62,571 | €24,729 | €2,777 | €0 | - | - |
| Amounts payable within one year42/48 | €734,031 | €560,955 | €134,966 | €96,068 | €142,921 | ▲ 48.8% |
| Current portion of amounts payable after more than one year42 | €45,332 | €35,569 | €24,300 | €2,777 | €0 | ▼ 100% |
| Trade debts44 | €186,459 | €262,683 | €20,817 | €44,312 | €83,250 | ▲ 87.9% |
| Suppliers440/4 | €186,459 | €262,683 | €20,817 | €44,312 | €83,250 | ▲ 87.9% |
| Taxes, remuneration and social security45 | €287,239 | €262,540 | €89,586 | €48,727 | €59,419 | ▲ 21.9% |
| Taxes450/3 | €230,434 | €214,614 | €40,782 | €11,677 | €15,178 | ▲ 30.0% |
| Remuneration and social security454/9 | €56,805 | €47,927 | €48,804 | €37,050 | €44,242 | ▲ 19.4% |
| Other amounts payable47/48 | €215,000 | €163 | €263 | €253 | €253 | = |
| Accrued charges and deferred income492/3 | €2,372 | €59 | €3,726 | €3,352 | €3,525 | ▲ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,855 | €204,630 | €119,748 | €177,535 | €57,807 | ▼ 67.4% |
| + Depreciation and write-downs630 | €76,287 | €72,753 | €58,770 | €28,174 | €27,388 | ▼ 2.8% |
| Operating cash flow (approximation) | €130,141 | €277,382 | €178,519 | €205,709 | €85,195 | ▼ 58.6% |
| Investment in fixed assets (approximation) | - | €21,451 | €0 | €0 | -€12,111 | - |
| Change in cash | - | €225,732 | -€54,903 | -€156,188 | €149,638 | ▲ 196% |
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
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 8.68
Current ratio from 2.56 to 8.68; short-term debt falls from €560,955 to €134,966.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €1mEq €1.1m ▲23.6%
3 profitable years in a row build equity to €1.1m.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Back to profitnet €475,645
Net result €475,645 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 4.22
Current ratio from 1.59 to 4.22; short-term debt falls from €1.0m to €351,543.
31-12
Financial
Equity above €1mEq €1.2m ▲68.1%
Equity rises from €695,839 to €1.2m.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€161,024
Net result drops to -€161,024, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 22 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
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, Herstal · 1 establishment unit since 2001
Ground area
1.7 ha
Parcel 62312A0611/00Y006, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue Pierre Joseph Antoine 7, 4040 Herstal
since 20012.116.487.144
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312A0611/00Y006 | Wallonia | 1.7 ha | - | - |
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 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,022 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 (pre-2019)
Founded14-06-2000
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
25120Manufacture of fabricated metal products, except machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472111767
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.