ST-MICHEL
ActiveST-MICHEL has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €131k and a net result of €8k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 16% of 7993 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48=
Solvency34▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.94 in 2024; short-term debt: 90.5% and cash: 11.2% of total assets), and 91.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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
8.6%
Return on assets
0.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 7993 sector peers (2025).
NBB · sector comparisonPosition among 7993 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €131k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
20 d late
2022
22 d early
2021
3 d early
2020
1 d early
2019
87 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, abbreviated schema
Equity
€131k▲ 6.1%
2024 · €124k
2018: €134k
2019: €84k
2020: €117k
2021: €108k
2022: €89k
2023: €101k
2024: €124k
2018 → 2025
Total assets
€1.52M▼ 2.3%
2024 · €1.55M
2018: €1.58M
2019: €1.69M
2020: €1.57M
2021: €1.34M
2022: €1.13M
2023: €2.12M
2024: €1.55M
2018 → 2025
Net result
€8k▼ 67.3%
2024 · €23k
2018: €-19k
2019: €-50k
2020: €34k
2021: €-9k
2022: €-19k
2023: €11k
2024: €23k
2018 → 2025
Working capital
€12k
2024 · €-78k
2018: €139k
2019: €100k
2020: €28k
2021: €39k
2022: €25k
2023: €23k
2024: €-78k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€108k-€89k▼ 17.9%€101k▲ 12.9%€124k▲ 23.0%€131k▲ 6.1%
Operating result€14k-€-8k€55k€88k▲ 61.0%€46k▼ 47.4%
Net result€-9k-€-19k▼ 121%€11k€23k▲ 101%€8k▼ 67.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.52M
Fixed assets
€132k▼ 43.3%
Current assets
€1.39M▲ 4.9%
Equity and liabilities €1.52M
Equity
€131k▲ 6.1%
Debt
€1.39M▼ 3.0%
The debt ratio falls from 92.0% to 91.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€104k▼
2024 · €186k
Cash flow
€65k▼
2024 · €121k
Solvency
8.6%▲
2024 · 8.0%
Current ratio
1.01▲
2024 · 0.94
Quick ratio
0.19▲
2024 · 0.16
Debt / equity
10.58▼
2024 · 11.57
ROE
5.8%▼
2024 · 18.7%
ROA
0.5%▼
2024 · 1.5%
Interest coverage
3.49▲
2024 · 3.34
Debt
€1.39M▼
2024 · €1.43M
Debt ≤ 1 year
€1.37M▼
2024 · €1.40M
Debt > 1 year
€10k▼
2024 · €17k
Income taxes
€9k▼
2024 · €14k
Staff costs
€470k▲
2024 · €442k
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€1.55M€1.52M▼
Fixed assets21/28€233k€132k▼
Tangible fixed assets22/27€231k€130k▼
Plant, machinery and equipment23€12k€15k▲
Furniture and vehicles24€154k€70k▼
Other tangible fixed assets26€64k€45k▼
Financial fixed assets28€2k€2k=
Current assets29/58€1.32M€1.39M▲
Stocks and contracts in progress3€1.09M€1.13M▲
Stocks30/36€1.09M€1.13M▲
Amounts receivable within one year40/41€34k€61k▲
Trade receivables40€27k€61k▲
Other amounts receivable41€7k-
Cash at bank and in hand54/58€191k€170k▼
Deferred charges and accrued income490/1€2k€31k▲
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.52M▼
Equity10/15€124k€131k▲
Contributions10/11€37k€37k=
Reserves13€38k€38k=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Tax-exempt reserves132€13k€13k=
Distributable reserves133€19k€19k=
Profit (loss) carried forward14€48k€56k▲
Amounts payable17/49€1.43M€1.39M▼
Amounts payable after more than one year17€17k€10k▼
Financial debts170/4€17k€10k▼
Amounts payable within one year42/48€1.40M€1.37M▼
Current portion of amounts payable after more than one year42€42k€30k▼
Trade debts44€1.26M€1.12M▼
Suppliers440/4€1.26M€1.12M▼
Advances received on contracts in progress46€33k€99k▲
Taxes, remuneration and social security45€11k€76k▲
Taxes450/3€4k€66k▲
Remuneration and social security454/9€7k€10k▲
Other amounts payable47/48€50k€50k▲
Accrued charges and deferred income492/3€14k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€442k€470k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€57k▼
Other operating charges640/8€19k€60k▲
Gross operating margin9900€647k€634k▼
Operating profit (loss)9901€88k€46k▼
Financial income75/76B€5k€442▼
Recurring financial income75€5k€442▼
Financial charges65/66B€56k€30k▼
Recurring financial charges65€56k€30k▼
Profit (loss) for the period before taxes9903€37k€17k▼
Income taxes67/77€14k€9k▼
Profit (loss) for the period9904€23k€8k▼
Profit (loss) for the period to be appropriated9905€23k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€48k€56k▲
Profit (loss) brought forward from the previous period14P€25k€48k▲
Social balance
Average headcount (FTE)90878.47.4▼
The notes to these accounts (12 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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 20 days late
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €101k ▲12.9%
Equity rises from €89k to €101k.
09-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €34k
Net result €34k after 2 loss-making years.
31-12
Financial
Equity above €100kEq €117k ▲39.5%
Equity rises from €84k to €117k.
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 87 days late
2019
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Zaventem · 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.
Leuvensesteenweg 531932 ZaventemGround area
1,519 m²
Building footprint
1,227 m²
Volume, LiDAR
8,144 m³
Parcel 23078B0285/00G003, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
St-Michel
since 20082.168.370.959
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078B0285/00G003 | Flanders | 1,519 m² | 1 · 1,227 m² | 10.3 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Dual-learning approval
9 live approvals · 4 endedAutotechnieken duaal (so)
Koetswerk duaal (so)
Onderhoudsmecanicien personenwagens en lichte bedrijfsvoertuigen (vwo)
Onderhoudsmechanica auto duaal (so)
Polyvalent mecanicien personenwagens en lichte bedrijfsvoertuigen duaal (so)
Spuiter carrosserie (vwo)
Show 3 more
Spuiter carrosserie duaal (so)
Voorbewerker carrosserie (vwo)
Voorbewerker carrosserie duaal (so)
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Of 2,128 companies in sector 46711 we hold annual accounts for 1,126. 757 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2001
Fiscal year end31-12
Activities, NACEBEL
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
50101
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
50103
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 26 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.
Contact details
2 entriesPhone:02/7207659
Fax:02/7255471