RESTAURANT MICHEL
ActiveRESTAURANT MICHEL has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €188k and a net result of €1k. Equity is growing by ~22.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 13270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability39▼-35
Solvency94▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 4.23 against 1.68 in 2024; short-term debt: 23.6% and cash: 0.4% of total assets), and 31.3% 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 56
Relative position
BE, all sectors
reference
Sector 56
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
68.7%
Return on assets
0.4%
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
on the day
2023
61 d late
2022
31 d late
2021
22 d late
2020
8 d early
2019
27 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€188k▲ 0.6%
2024 · €187k
2018: €-13k
2019: €-12k
2020: €40k
2021: €127k
2022: €150k
2023: €163k
2024: €187k
2018 → 2025
Total assets
€274k▼ 24.5%
2024 · €362k
2018: €183k
2019: €179k
2020: €128k
2021: €261k
2022: €280k
2023: €294k
2024: €362k
2018 → 2025
Net result
€1k▼ 95.1%
2024 · €23k
2018: €-28k
2019: €495
2020: €52k
2021: €88k
2022: €22k
2023: €14k
2024: €23k
2018 → 2025
Working capital
€208k▲ 107%
2024 · €101k
2018: €-49k
2019: €-38k
2020: €20k
2021: €100k
2022: €93k
2023: €105k
2024: €101k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€127k-€150k▲ 17.6%€163k▲ 9.2%€187k▲ 14.3%€188k▲ 0.6%
Operating result€99k-€37k▼ 62.5%€29k▼ 22.7%€40k▲ 37.8%€6k▼ 84.4%
Net result€88k-€22k▼ 74.4%€14k▼ 38.6%€23k▲ 69.8%€1k▼ 95.1%
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 84% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €274k
Fixed assets
€1k▼ 98.9%
Current assets
€272k▲ 9.7%
Equity and liabilities €274k
Equity
€188k▲ 0.6%
Debt
€86k▼ 51.2%
The debt ratio falls from 48.5% to 31.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
68.7%▲
2024 · 51.5%
Current ratio
4.23▲
2024 · 1.68
Quick ratio
4.23▲
2024 · 1.06
Debt / equity
0.46▼
2024 · 0.94
ROE
0.6%▼
2024 · 12.5%
ROA
0.4%▼
2024 · 6.4%
Debt
€86k▼
2024 · €176k
Debt ≤ 1 year
€64k▼
2024 · €148k
Debt > 1 year
€21k▼
2024 · €28k
Income taxes
€625▼
2024 · €6k
Staff costs
€7k▼
2024 · €181k
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€362k€274k▼
Fixed assets21/28€114k€1k▼
Tangible fixed assets22/27€113k-
Land and buildings22€47k-
Plant, machinery and equipment23€11k-
Furniture and vehicles24€54k-
Financial fixed assets28€1k€1k=
Current assets29/58€248k€272k▲
Stocks and contracts in progress3€92k-
Stocks30/36€92k-
Amounts receivable within one year40/41€118k€271k▲
Trade receivables40€83k€41k▼
Other amounts receivable41€35k€230k▲
Cash at bank and in hand54/58€38k€1k▼
Deferred charges and accrued income490/1€148-
Equity and liabilities
Total equity and liabilities10/49€362k€274k▼
Equity10/15€187k€188k▲
Contributions10/11€22k€22k=
Reserves13€18k€18k=
Non-distributable reserves130/1€8k€8k=
Reserves not available under the articles1311€8k€8k=
Tax-exempt reserves132€10k€10k=
Profit (loss) carried forward14€146k€147k▲
Amounts payable17/49€176k€86k▼
Amounts payable after more than one year17€28k€21k▼
Financial debts170/4€28k€21k▼
Amounts payable within one year42/48€148k€64k▼
Current portion of amounts payable after more than one year42€7k€7k▼
Financial debts43€8k-
Credit institutions430/8€8k-
Trade debts44€103k€50k▼
Suppliers440/4€103k€50k▼
Taxes, remuneration and social security45€29k€7k▼
Taxes450/3€7k€6k▼
Remuneration and social security454/9€23k€503▼
Other amounts payable47/48€426€426=
Income statement
Code20242025
Remuneration, social security and pensions62€181k€7k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k-
Other operating charges640/8€1k€297▼
Gross operating margin9900€237k€14k▼
Operating profit (loss)9901€40k€6k▼
Financial income75/76B€3€1▼
Recurring financial income75€3€1▼
Financial charges65/66B€10k€4k▼
Recurring financial charges65€10k€4k▼
Profit (loss) for the period before taxes9903€30k€2k▼
Income taxes67/77€6k€625▼
Profit (loss) for the period9904€23k€1k▼
Profit (loss) for the period to be appropriated9905€23k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€146k€147k▲
Profit (loss) brought forward from the previous period14P€123k€146k▲
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
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 4.23
Current ratio from 1.68 to 4.23; short-term debt falls from €148k to €64k.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €150kEq €163k ▲9.2%
5 profitable years in a row build equity to €163k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Highest result since 2018net €88k ▲68.2%
Operating result €99k, net result €88k, both a record.
31-12
Financial
Equity above €100kEq €127k ▲220%
3 profitable years in a row build equity to €127k.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
31-12
Financial
Back to profitnet €495
Net result €495 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Dilbeek · 1 establishment unit since 2003
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.
Alfons Gossetlaan 311702 DilbeekGround area
1,084 m²
Building footprint
362 m²
Volume, LiDAR
1,919 m³
Parcel 23026A0094/00R000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Restaurant Michel
since 20032.134.002.869
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0094/00R000 | Flanders | 1,084 m² | 1 · 362 m² | 9.1 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.
Similar companies · same sector, comparable size
A.S. Restauration
BE 0680.659.688
Nivelles · Eq €188k
Délices d'Asie
BE 0630.961.739
Marche-en-Famenne · Eq €188k
BISTRO RACINE
BE 0568.971.217
Nivelles · Eq €188k
BC RUE NEUVE BRUSSEL
BE 0738.603.530
Brussel · Eq €188k
FC21
BE 0542.442.311
Ukkel · Eq €188k
Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 8,670 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded15-10-2003
Fiscal year end31-12
Activities, NACEBEL
55301
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.