ROBERT MICHOEL
ROBERT 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).
| Equity | €238k |
| Net result | €121k |
| Staff (FTE) | 11.9 |
| Better than sector | 33% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 30.5% | 44.0% | |
| Net result | €121k | €30k | |
| Equity | €238k | €276k | |
| Gross operating margin | €851k | €275k | |
| Staff costs | €543k | €244k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €300k | €223k | €340k | €239k |
| Net profit | €121k | €75k | €182k | €112k |
| Cash flow | €237k | €182k | €270k | €199k |
| Staff costs | €543k | €486k | €467k | €434k |
| Income taxes | €39k | €30k | €65k | €40k |
| Dividends | €120k | €74k | €180k | €122k |
| Total assets | €781k | €896k | €945k | €804k |
| Equity | €238k | €237k | €236k | €236k |
| Debt | €543k | €659k | €709k | €568k |
| of which ≤ 1y | €399k | €320k | €566k | €505k |
| of which > 1y | €126k | €332k | €140k | €63k |
| Working capital | €99k | €322k | €138k | €80k |
| Employees (FTE) | 11.9 | 10.1 | 11.0 | 11.3 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.25 | 2.01 | 1.24 | 1.16 |
| Quick ratio | 1.08 | 1.73 | 1.06 | 0.93 |
| Working capital ratio | 12.7% | 36.0% | 14.6% | 9.9% |
| Solvency | 30.5% | 26.4% | 25.0% | 29.4% |
| Debt / equity | 2.28 | 2.78 | 3.00 | 2.40 |
| Long-term debt ratio | 0.53 | 1.40 | 0.59 | 0.26 |
| Interest coverage | 10.70 | 13.22 | 24.86 | 31.27 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 15.5% | 8.4% | 19.2% | 13.9% |
| ROE | 50.9% | 31.6% | 77.0% | 47.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €781k | €896k | €945k | €804k |
| Fixed assets | 21/28 | €282k | €254k | €241k | €219k |
| Tangible fixed assets | 22/27 | €269k | €242k | €227k | €206k |
| Financial fixed assets | 28 | €13k | €13k | €14k | €13k |
| Current assets | 29/58 | €499k | €642k | €704k | €585k |
| Stocks & contracts in progress | 3 | €66k | €89k | €104k | €115k |
| Amounts receivable within one year | 40/41 | €249k | €296k | €323k | €281k |
| Cash & bank | 54/58 | €156k | €232k | €252k | €168k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €781k | €896k | €945k | €804k |
| Equity | 10/15 | €238k | €237k | €236k | €236k |
| Contributions / capital | 10/11 | €45k | €45k | €45k | €45k |
| Reserves | 13 | €47k | €47k | €47k | €47k |
| Accumulated profits (losses) | 14 | €146k | €144k | €143k | €142k |
| Amounts payable | 17/49 | €543k | €659k | €709k | €568k |
| Amounts payable after one year | 17 | €126k | €332k | €140k | €63k |
| Amounts payable within one year | 42/48 | €399k | €320k | €566k | €505k |
| Trade debts payable within one year | 44 | €70k | €111k | €86k | €77k |
| Income statement | |||||
| Gross operating margin | 9900 | €851k | €714k | €813k | €678k |
| Operating result | 9901 | €184k | €115k | €252k | €152k |
| Financial income | 75 | €4k | €6k | €8k | €8k |
| Financial charges | 65 | €28k | €17k | €14k | €8k |
| Result before taxes | 9903 | €161k | €105k | €247k | €152k |
| Income taxes | 67/77 | €39k | €30k | €65k | €40k |
| Net result for the period | 9904 | €121k | €75k | €182k | €112k |
| Result to be appropriated | 9905 | €121k | €75k | €182k | €112k |
Former directors (1)
-
Robert MICHOELDirectorState Gazette act 23038653 (20-03-2023)Former- → 31-12-2022
| NACE primary | Plumbing work(43221) |
| Legal form | Private limited company(610) |
| Incorporation | 29-12-1980 |
| Status | Active |
| Postal code | 4845 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63068C1382/00G000 | Wallonia | 1,152 m² | 1 · 160 m² | - |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
20-03-2023 Robert MICHOEL resigns as director correction
- Robert MICHOEL, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": "57.09.21-287.52",
"name": "Robert MICHOEL",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_cascade",
"subkind": "rectification",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2022-12-31",
"evidence_quote": "D\u0027un proc\u0117s-verbal de l\u0027Assembl\u00E9e G\u00E9n\u00E9rale Extraordinaire du 27 f\u00E9vrier 2023, il r\u00E9sulte que l\u0027Assembl\u00E9e approuve \u00E0 l\u0027unanimit\u00E9 la d\u00E9mission, avec effet r\u00E9troactif au 31.12.2022, de Monsieur Robert MICHOEL (NN 57.09.21-287.52) de son poste d\u0027administrateur et lui donne d\u00E9charge de sa gestion.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "retroactive"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2023-03-20",
"filing_date": "2023-03-09",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-02-27",
"unanimous": true
}
],
"is_correction": true,
"subject_company": {
"kbo": "0421.260.310",
"name_full": "S.R.L. ROBERT MICHOEL",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "JMINI INVEST SRL",
"person_name": null,
"org_rep_person_name": "Julien MICHOEL",
"person_role_at_subject": null
},
"co_filed_documents": [
"PV de l\u0027AGE du 27/02/2023"
],
"corrected_publication_numac": null
}| Legal nameFR | ROBERT MICHOEL |