ROBERT MICHEL CONSTRUCT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 08-06-2026 PDF all 23 filings
Turnover
€72,000=
2024 · €72,000
EBIT margin
63.7%▼ 24.1pp
2024 · 87.8%
Net result
€1,366▼ 95.9%
2024 · €33,089
Working capital
-€478,587▼ 6.9%
2024 · -€447,850
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€72,000
=
2025
20182025
Operating result
€45,851
▼ 27.4%
2025
20182025
Net result
€1,366
▼ 95.9%
2025
20182025
EBIT margin
63.7%
▼ 24.1pp
2025
20182025
Equity
€514,352
▲ 0.3%
2025
20182025
Total assets
€1.2m
=
2025
20182025
Debt
€692,300
▼ 0.2%
2025
20182025
Working capital
-€478,587
▼ 6.9%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.06m-€0.06m=€0.06m=€0.06m=€0.06m=€0.07m▲ 20.0%€0.07m=€0.07m=
Operating result€0.04m-€0.04m▼ 0.8%€0.05m▲ 13.9%€0.05m▲ 2.4%€0.05m▲ 11.2%€0.07m▲ 31.9%€0.06m▼ 6.8%€0.05m▼ 27.4%
Net result€0.02m-€0.01m▼ 19.3%€0.02m▲ 37.7%€0.02m▲ 13.3%€0.03m▲ 50.9%€0.05m▲ 62.6%€0.03m▼ 36.9%€0.001m▼ 95.9%
EBIT margin66.6%-66.1%▼ 0.5pp75.3%▲ 9.2pp77.1%▲ 1.8pp85.7%▲ 8.6pp94.2%▲ 8.5pp87.8%▼ 6.4pp63.7%▼ 24.1pp
Equity€0.3m-€0.4m▲ 4.0%€0.4m▲ 5.3%€0.4m▲ 5.7%€0.4m▲ 8.2%€0.5m▲ 12.3%€0.5m▲ 6.9%€0.5m▲ 0.3%
Total assets€1.2m-€1.2m▼ 1.6%€1.2m▼ 0.2%€1.2m▼ 0.6%€1.2m▼ 0.5%€1.2m▲ 0.6%€1.2m▼ 0.5%€1.2m=
Debt€0.9m-€0.9m▼ 3.7%€0.8m▼ 2.5%€0.8m▼ 3.4%€0.8m▼ 4.8%€0.7m▼ 5.9%€0.7m▼ 5.4%€0.7m▼ 0.2%
Working capital-€0.3m--€0.5m▼ 38.2%-€0.5m▼ 1.4%-€0.5m▼ 1.1%-€0.5m▲ 0.9%-€0.5m▲ 4.9%-€0.4m▲ 0.6%-€0.5m▼ 6.9%
The operating result for 2025 is 27% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€1.2m =
Current assets
€6,563 ▲ 4.2%
Equity and liabilities €1.2m
Equity
€514,352 ▲ 0.3%
Debt
€692,300 ▼ 0.2%
Debt's share of the balance-sheet total falls from 57.5% to 57.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
0.01▼
2024 · 0.01
Debt to equity
1.35▼
2024 · 1.35
ROE
0.3%▼
2024 · 6.5%
ROA
0.1%▼
2024 · 2.7%
Debt ≤ 1 year
€485,150▲
2024 · €454,151
Debt > 1 year
€207,150▼
2024 · €239,253
Income taxes
€29,550▲
2024 · €16,102
Supplier credit
265 days▼
2024 · 844 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €60,000 | €60,000 | €60,000 | €60,000 | €60,000 | €72,000 | €72,000 | €72,000 | = |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €12,867 | €7,708 | €3,234 | €7,848 | €25,151 | ▲ 220% |
| Other operating charges640/8 | - | - | - | €868 | €868 | €960 | €968 | €998 | ▲ 3.1% |
| Gross operating margin9900 | €49,715 | €48,511 | €46,361 | €47,133 | €52,292 | €68,766 | €64,152 | €46,849 | ▼ 27.0% |
| Operating profit (loss)9901 | €39,979 | €39,667 | €45,180 | €46,265 | €51,424 | €67,806 | €63,184 | €45,851 | ▼ 27.4% |
| Financial charges65/66B | - | - | - | €17,888 | €16,656 | €15,326 | €13,993 | €14,935 | ▲ 6.7% |
| Recurring financial charges65 | €21,524 | €20,090 | €18,919 | €17,888 | €16,656 | €15,326 | €13,993 | €14,935 | ▲ 6.7% |
| Profit (loss) for the period before taxes9903 | €18,455 | €19,577 | €26,261 | €28,377 | €34,768 | €52,480 | €49,191 | €30,916 | ▼ 37.2% |
| Income taxes67/77 | €8,669 | €5,875 | €7,400 | €7,000 | €2,500 | - | €16,102 | €29,550 | ▲ 83.5% |
| Profit (loss) for the period9904 | €16,986 | €13,702 | €18,861 | €21,377 | €32,268 | €52,480 | €33,089 | €1,366 | ▼ 95.9% |
| Profit (loss) for the period to be appropriated9905 | €16,986 | €13,702 | €18,861 | €21,377 | €32,268 | €52,480 | €33,089 | €1,366 | ▼ 95.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Fixed assets21/28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Current assets29/58 | €0.04m | €0.02m | €0.02m | €0.01m | €0.006m | €0.01m | €0.006m | €0.007m | ▲ 4.2% |
| Amounts receivable within one year40/41 | €0.04m | €0.02m | €0.01m | - | - | €0.003m | €190 | - | - |
| Trade receivables40 | - | - | - | - | - | €0.003m | - | - | - |
| Other amounts receivable41 | - | - | - | - | - | - | €190 | - | - |
| Cash at bank and in hand54/58 | €0.005m | €0.004m | €0.006m | €0.01m | €0.006m | €0.002m | €0.006m | €0.007m | ▲ 7.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.007m | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Equity10/15 | €0.3m | €0.4m | €0.4m | €0.4m | €0.4m | €0.5m | €0.5m | €0.5m | ▲ 0.3% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | - | €0.3m | - | - | - |
| Issued capital100 | - | - | - | €0.3m | - | €0.3m | - | - | - |
| Profit (loss) carried forward14 | €0.04m | €0.05m | €0.07m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 0.7% |
| Amounts payable17/49 | €0.9m | €0.9m | €0.8m | €0.8m | €0.8m | €0.7m | €0.7m | €0.7m | ▼ 0.2% |
| Amounts payable after more than one year17 | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 13.4% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | ▼ 13.4% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.2m | ▲ 113% |
| Financial debts43 | - | - | - | - | - | - | €0.003m | €0.003m | = |
| Other loans439 | - | - | - | - | - | - | €0.003m | €0.003m | = |
| Trade debts44 | €0.01m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 0.7% |
| Suppliers440/4 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 0.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.009m | - | - | - | €0.008m | - |
| Taxes450/3 | - | - | - | €0.009m | - | - | - | €0.008m | - |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 22.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,986 | €13,702 | €18,861 | €21,377 | €32,268 | €52,480 | €33,089 | €1,366 | ▼ 95.9% |
| Operating cash flow (approximation) | €16,986 | €13,702 | €18,861 | €21,377 | €32,268 | €52,480 | €33,089 | €1,366 | ▼ 95.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,182 | €1,807 | €6,727 | -€6,626 | -€3,868 | €4,276 | €452 | ▼ 89.4% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00142596 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00168627 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00187220 | |
| 31-12-2022 | micro format | 05-06-2023 | 2023-00106270 | |
| 31-12-2021 | full format | 10-06-2022 | 2022-20055381 | |
| 31-12-2020 | full format | 31-05-2021 | 2021-16600054 | |
| 31-12-2019 | full format | 03-06-2020 | 2020-14100382 | |
| 31-12-2018 | full format | 14-06-2019 | 2019-18800201 | |
| 31-12-2017 | full format | 07-06-2018 | 2018-16700489 | |
| 31-12-2016 | full format | 22-06-2017 | 2017-20200417 |