TRAITEUR MICHEL
ActiveThe computed 12-month bankruptcy probability of TRAITEUR MICHEL is 1.7% (moderate). The 2025 annual accounts show negative equity (€-11k) and a net result of €20k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 11297 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+14
Solvency23▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.15 in 2024; short-term debt: 54.4% and cash: 1.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.3%
Return on assets
4.3%
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 19% of 11297 sector peers (2025).
NBB · sector comparisonPosition among 11297 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
17 d late
2024
28 d late
2023
135 d late
2022
197 d late
2021
31 d late
2020
23 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2023 · €0
2023: €0
2023 → 2024
Total assets
€466k▼ 7.8%
2024 · €505k
2020: €189k
2021: €608k
2022: €580k
2023: €511k
2024: €505k
2020 → 2025
Net result
€20k▲ 133%
2024 · €9k
2020: €36k
2021: €-36k
2022: €-29k
2023: €-15k
2024: €9k
2020 → 2025
Working capital
€-232k▲ 2.6%
2024 · €-238k
2020: €-7k
2021: €-120k
2022: €-168k
2023: €-177k
2024: €-238k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0€0
Equity€5k-€-24k€-39k▼ 64.7%€-31k▲ 21.7%€-11k▲ 64.6%
Operating result€-31k-€-20k▲ 36.2%€49€22k▲ 43,832%€28k▲ 28.0%
Net result€-36k-€-29k▲ 18.5%€-15k▲ 47.1%€9k€20k▲ 133%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €466k
Fixed assets
€444k▼ 3.8%
Current assets
€22k▼ 49.7%
Key figures and ratios
EBITDA
€52k▼
2024 · €59k
Cash flow
€44k▼
2024 · €46k
Solvency
-2.3%▲
2024 · -6.1%
Current ratio
0.09▼
2024 · 0.15
Quick ratio
0.08▼
2024 · 0.15
Debt / equity
-43.79▼
2024 · -17.41
ROA
4.3%▲
2024 · 1.7%
Interest coverage
5.63▲
2024 · 4.36
Debt
€477k▼
2024 · €536k
Debt ≤ 1 year
€254k▼
2024 · €281k
Debt > 1 year
€223k▼
2024 · €250k
Income taxes
€381
Staff costs
€96k▼
2024 · €109k
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€505k€466k▼
Fixed assets21/28€462k€444k▼
Intangible fixed assets21€27k€21k▼
Tangible fixed assets22/27€434k€423k▼
Land and buildings22€431k€416k▼
Plant, machinery and equipment23€858€425▼
Furniture and vehicles24€2k€6k▲
Current assets29/58€43k€22k▼
Stocks and contracts in progress3€1k€1k=
Stocks30/36€1k€1k=
Amounts receivable within one year40/41€25k€6k▼
Trade receivables40€22k€3k▼
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€8k€7k▼
Deferred charges and accrued income490/1€9k€7k▼
Equity and liabilities
Total equity and liabilities10/49€505k€466k▼
Equity10/15€-31k€-11k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-36k€-16k▲
Amounts payable17/49€536k€477k▼
Amounts payable after more than one year17€250k€223k▼
Financial debts170/4€250k€223k▼
Amounts payable within one year42/48€281k€254k▼
Current portion of amounts payable after more than one year42€26k€27k▲
Trade debts44€45k€36k▼
Suppliers440/4€45k€36k▼
Taxes, remuneration and social security45€45k€18k▼
Taxes450/3€9k€3k▼
Remuneration and social security454/9€36k€15k▼
Other amounts payable47/48€165k€173k▲
Accrued charges and deferred income492/3€4k-
Income statement
Code20242025
Turnover70€0-
Goods, raw materials, services and sundry goods60/61€0-
Remuneration, social security and pensions62€109k€96k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€24k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-3k
Other operating charges640/8€9k€13k▲
Gross operating margin9900€177k€158k▼
Operating profit (loss)9901€22k€28k▲
Financial income75/76B€296€2k▲
Recurring financial income75€296€2k▲
Financial charges65/66B€13k€9k▼
Recurring financial charges65€13k€9k▼
Profit (loss) for the period before taxes9903€9k€20k▲
Income taxes67/77-€381
Profit (loss) for the period9904€9k€20k▲
Profit (loss) for the period to be appropriated9905€9k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-16k▲
Profit (loss) brought forward from the previous period14P€-44k€-36k▲
The notes to these accounts (9 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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 17 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €9k
Net result €9k after 3 loss-making years.
13-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 135 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 197 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-36k ▼199%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Spa · 1 establishment unit since 2020
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.
Rue Servais 154900 SpaGround area
123 m²
Building footprint
79 m²
Volume, LiDAR
1,057 m³
Parcel 63072G0763/00V000, Wallonia · tallest building 15.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TRAITEUR MICHEL SRL
since 20202.301.680.534
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63072G0763/00V000 | Wallonia | 123 m² | 1 · 79 m² | 15.4 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSpa2.301.680.534
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Of 1,428 companies in sector 46389 we hold annual accounts for 855. 236 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-05-2020
Fiscal year end31-12
Activities, NACEBEL
46389Wholesale of other food products
56210Event catering
46423Wholesale of clothing, excluding workwear and underwear
47241Retail sale of bread and pastry (bakery outlets)
47252Retail sale of beverages, general range
47271Retail trade
47279Other retail sale of food
47291Retail trade
47299Retail trade
47711Retail sale of women's outerwear
47712Retail trade
47715Retail trade
47721Retail sale of footwear
47750Retail sale of cosmetics and toilet articles
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.