ROBERT MICHOEL
ActiveROBERT MICHOEL has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €238k and a net result of €121k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 33% of 7448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency53▼-10
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 2.01 in 2024), and 69.5% 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 · 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
30.5%
Return on assets
15.5%
Age of the figures
8 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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
28 d early
2023
30 d early
2022
68 d early
2021
69 d early
2020
24 d early
2019
32 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
05-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€121k▲ 62.0%
2024 · €75k
2022: €112k
2023: €182k
2024: €75k
2022 → 2025
Working capital
€99k▼ 69.1%
2024 · €322k
2022: €80k
2023: €138k
2024: €322k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€236k-€236k▼ 0.1%€237k▲ 0.4%€238k▲ 0.5%
Operating result€152k-€252k▲ 66.0%€115k▼ 54.2%€184k▲ 59.8%
Net result€112k-€182k▲ 62.7%€75k▼ 58.8%€121k▲ 62.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 60% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €781k
Fixed assets
€282k▲ 10.9%
Current assets
€499k▼ 22.3%
Equity and liabilities €781k
Equity
€238k▲ 0.5%
Debt
€543k▼ 17.7%
The debt ratio falls from 73.6% to 69.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€300k▲
2024 · €223k
Cash flow
€237k▲
2024 · €182k
Solvency
30.5%▲
2024 · 26.4%
Current ratio
1.25▼
2024 · 2.01
Quick ratio
1.08▼
2024 · 1.73
Debt / equity
2.28▼
2024 · 2.78
ROE
50.9%▲
2024 · 31.6%
ROA
15.5%▲
2024 · 8.4%
Interest coverage
10.70▼
2024 · 13.22
Debt
€543k▼
2024 · €659k
Debt ≤ 1 year
€399k▲
2024 · €320k
Debt > 1 year
€126k▼
2024 · €332k
Income taxes
€39k▲
2024 · €30k
Staff costs
€543k▲
2024 · €486k
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
Total assets
20/58€896k€781k▼
Fixed assets
21/28€254k€282k▲
Tangible fixed assets
22/27€242k€269k▲
Financial fixed assets
28€13k€13k=
Current assets
29/58€642k€499k▼
Stocks & contracts in progress
3€89k€66k▼
Amounts receivable within one year
40/41€296k€249k▼
Cash & bank
54/58€232k€156k▼
Total equity & liabilities
10/49€896k€781k▼
Equity
10/15€237k€238k▲
Contributions / capital
10/11€45k€45k=
Reserves
13€47k€47k=
Accumulated profits (losses)
14€144k€146k▲
Amounts payable
17/49€659k€543k▼
Amounts payable after one year
17€332k€126k▼
Amounts payable within one year
42/48€320k€399k▲
Trade debts payable within one year
44€111k€70k▼
Income statement
Code20242025
Gross operating margin
9900€714k€851k▲
Operating result
9901€115k€184k▲
Financial income
75€6k€4k▼
Financial charges
65€17k€28k▲
Result before taxes
9903€105k€161k▲
Income taxes
67/77€30k€39k▲
Net result for the period
9904€75k€121k▲
Result to be appropriated
9905€75k€121k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €75k ▼58.8%
Net result drops to €75k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2022net €182k ▲62.7%
Operating result €252k, net result €182k, both a record.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
20-03
State Gazette act
Director changes
correction
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
No sitting directors are on record for this company in the CBE. Not every legal form publishes directors; if they appear in the Belgian State Gazette later, they show up here automatically.
31-12-2022
Resigned as Director
Location & real-estate footprint
Registered office, Jalhay · 1 establishment unit since 1980
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.
Wayai(SART) 19A4845 JalhayGround area
1,152 m²
Building footprint
160 m²
Parcel 63068C1382/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Wayai(SART) 19, 4845 Jalhay
since 19802.019.765.177
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068C1382/00G000 | Wallonia | 1,152 m² | 1 · 160 m² | - |
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.
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
Van Look Technics
BE 0643.751.782
Antwerpen · Eq €238k
VANDERSNICKT MICHEL
BE 0426.636.583
Kalmthout · Eq €238k
SAN-O
BE 0543.807.932
Brugge · Eq €238k
JuMa Technix
BE 0771.793.069
Oudenburg · Eq €238k
Paul HAMAIDE
BE 0443.173.303
Lasne · Eq €238k
Of 6,984 companies in sector 43221 we hold annual accounts for 3,393. 2,767 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-12-1980
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43410Roofing work
45220
45332
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Data from official sources, last processed on 31-08-2026. Scores and ratios are computed by Checked and are not a credit decision.