Philippe MICHEL
ActivePhilippe MICHEL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €268k and a net result of €20k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 92% of 27711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+6
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 12.96 against 13.44 in 2024; short-term debt: 6.3% and cash: 58.3% of total assets), and 11.4% of the assets are financed with debt.
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 · 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 · 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
88.6%
Return on assets
6.6%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
38 d early
2023
23 d early
2022
28 d late
2021
61 d late
2020
24 d early
2019
21 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€268k▲ 8.0%
2024 · €248k
2018: €205k
2019: €217k
2020: €218k
2021: €211k
2022: €210k
2023: €242k
2024: €248k
2018 → 2025
Total assets
€302k▲ 5.3%
2024 · €287k
2018: €279k
2019: €271k
2020: €251k
2021: €240k
2022: €225k
2023: €279k
2024: €287k
2018 → 2025
Net result
€20k▲ 231%
2024 · €6k
2018: €7k
2019: €12k
2020: €774
2021: €3k
2022: €2k
2023: €31k
2024: €6k
2018 → 2025
Working capital
€227k▲ 16.2%
2024 · €196k
2018: €123k
2019: €135k
2020: €154k
2021: €167k
2022: €192k
2023: €198k
2024: €196k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€211k-€210k▼ 0.1%€242k▲ 14.9%€248k▲ 2.5%€268k▲ 8.0%
Operating result€3k-€868▼ 73.8%€41k▲ 4,656%€8k▼ 80.1%€27k▲ 232%
Net result€3k-€2k▼ 32.9%€31k▲ 1,613%€6k▼ 80.8%€20k▲ 231%
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 232% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €302k
Fixed assets
€56k▼ 26.2%
Current assets
€246k▲ 16.5%
Equity and liabilities €302k
Equity
€268k▲ 8.0%
Debt
€34k▼ 12.2%
The debt ratio falls from 13.6% to 11.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48k▲
2024 · €28k
Cash flow
€40k▲
2024 · €25k
Solvency
88.6%▲
2024 · 86.4%
Current ratio
12.96▼
2024 · 13.44
Quick ratio
12.88▼
2024 · 13.32
Debt / equity
0.13▼
2024 · 0.16
ROE
7.4%▲
2024 · 2.4%
ROA
6.6%▲
2024 · 2.1%
Interest coverage
38.82▲
2024 · 17.45
Debt
€34k▼
2024 · €39k
Debt ≤ 1 year
€19k▲
2024 · €16k
Debt > 1 year
€15k▼
2024 · €23k
Income taxes
€8k▲
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€287k€302k▲
Fixed assets21/28€76k€56k▼
Tangible fixed assets22/27€75k€56k▼
Land and buildings22€5k€5k▼
Plant, machinery and equipment23€1k€299▼
Furniture and vehicles24€69k€51k▼
Financial fixed assets28€108€108=
Current assets29/58€211k€246k▲
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€37k€36k▼
Trade receivables40€14k€8k▼
Other amounts receivable41€23k€29k▲
Current investments50/53€26k€26k=
Cash at bank and in hand54/58€142k€176k▲
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€287k€302k▲
Equity10/15€248k€268k▲
Contributions10/11€12k€12k=
Reserves13€189k€209k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€188k€209k▲
Profit (loss) carried forward14€46k€46k=
Amounts payable17/49€39k€34k▼
Amounts payable after more than one year17€23k€15k▼
Financial debts170/4€23k€15k▼
Amounts payable within one year42/48€16k€19k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€5k€8k▲
Suppliers440/4€5k€8k▲
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€998€394▼
Remuneration and social security454/9€2k€2k▼
Income statement
Code20242025
Non-recurring operating income76A€14k€50k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€21k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€29k€49k▲
Operating profit (loss)9901€8k€27k▲
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€8k€28k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€6k€20k▲
Profit (loss) for the period to be appropriated9905€6k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€52k€66k▲
Profit (loss) brought forward from the previous period14P€46k€46k=
Transfer to equity691/2€6k€20k▲
To other reserves6921€6k€20k▲
The notes to these accounts (8 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €31k ▲1613%
Operating result €41k, net result €31k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 13.84
Current ratio from 6.65 to 13.84; short-term debt falls from €30k to €15k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €774 ▼93.4%
Net result drops to €774, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Bassenge · 1 establishment unit since 2008
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.
Rue des Combattants 314690 BassengeGround area
785 m²
Building footprint
172 m²
Volume, LiDAR
1,011 m³
Parcel 62011B0074/00E000, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Philippe Michel
since 20082.174.970.820
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62011B0074/00E000 | Wallonia | 785 m² | 1 · 172 m² | 9.7 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
529900VEU3E0XYFTO639
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Of 8,563 companies in sector 43410 we hold annual accounts for 4,355. 3,422 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-2008
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
43222Installation of electric heating, air conditioning, cooling and ventilation
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.