UMISOL GROUP
ActiveUMISOL GROUP has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5k) and a net result of €-267k. Equity is shrinking by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 8% of 2039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency25▼-20
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.97 against 4.32 in 2024; short-term debt: 20.7% and cash: 0.2% of total assets), but equity is negative.
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
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
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
-0.4%
Return on assets
-23.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 10 filingsDeviation from the deadline
2025
25 d late
2024
53 d late
2023
21 d early
2022
47 d early
2021
34 d early
2020
12 d early
2019
69 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-267k▼ 23.8%
2024 · €-216k
2018: €40k
2019: €-127k
2020: €-56k
2021: €46k
2022: €-61k
2023: €141k
2024: €-216k
2018 → 2025
Working capital
€471k▼ 23.1%
2024 · €612k
2018: €363k
2019: €235k
2020: €195k
2021: €389k
2022: €309k
2023: €400k
2024: €612k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€398k-€338k▼ 15.2%€478k▲ 41.7%€263k▼ 45.1%€-5k
Operating result€72k-€-40k€161k€-191k€-243k▼ 27.0%
Net result€46k-€-61k€141k€-216k€-267k▼ 23.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €243k in 2025 against €191k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.15M
Fixed assets
€441k▼ 12.4%
Current assets
€709k▼ 10.9%
Key figures and ratios
EBITDA
€-180k▼
2024 · €-129k
Cash flow
€-205k▼
2024 · €-154k
Solvency
-0.4%▼
2024 · 20.2%
Current ratio
2.97▼
2024 · 4.32
Quick ratio
0.48▼
2024 · 0.96
ROA
-23.2%▼
2024 · -16.6%
Interest coverage
-7.42▼
2024 · -5.24
Debt
€1.16M▲
2024 · €1.04M
Debt ≤ 1 year
€239k▲
2024 · €184k
Debt > 1 year
€896k▲
2024 · €843k
A ratio outside any meaningful range has been withheld (balance sheet total €1.15M, equity €-5k).
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€1.30M€1.15M▼
Fixed assets21/28€504k€441k▼
Intangible fixed assets21€105€0▼
Tangible fixed assets22/27€486k€423k▼
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€16k€11k▼
Leasing and similar rights25€460k€405k▼
Financial fixed assets28€18k€18k=
Current assets29/58€796k€709k▼
Stocks and contracts in progress3€618k€595k▼
Stocks30/36€618k€595k▼
Amounts receivable within one year40/41€173k€110k▼
Trade receivables40€88k€59k▼
Other amounts receivable41€85k€51k▼
Cash at bank and in hand54/58€704€2k▲
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.30M€1.15M▼
Equity10/15€263k€-5k▼
Contributions10/11€83k€83k=
Capital10€83k€83k=
Issued capital100€83k€83k=
Reserves13€344k€344k=
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Distributable reserves133€322k€322k=
Profit (loss) carried forward14€-164k€-431k▼
Amounts payable17/49€1.04M€1.16M▲
Amounts payable after more than one year17€843k€896k▲
Financial debts170/4€843k€896k▲
Amounts payable within one year42/48€184k€239k▲
Current portion of amounts payable after more than one year42€90k€80k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€88k€159k▲
Suppliers440/4€87k€159k▲
Bills of exchange payable441€824€0▼
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€6k€0▼
Accrued charges and deferred income492/3€10k€20k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€63k▲
Other operating charges640/8€6k€6k▼
Gross operating margin9900€-123k€-175k▼
Operating profit (loss)9901€-191k€-243k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€25k€24k▼
Recurring financial charges65€25k€24k▼
Profit (loss) for the period before taxes9903€-216k€-267k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-216k€-267k▼
Profit (loss) for the period to be appropriated9905€-216k€-267k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-164k€-431k▼
Profit (loss) brought forward from the previous period14P€52k€-164k▼
The notes to these accounts (19 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
14-09
State Gazette act
General meeting · Director reappointmentGeneral meeting · Director reappointment · Director appointment8 facts ▸
State Gazette act
General meeting · Director reappointment
General meeting · Director reappointment · Director appointment8 facts ▸
- General meeting, 2025-09-16
- Director reappointment, Luc Michiels (bestuurder)
- Director reappointment, Bart Michiels (bestuurder)
- Director reappointment, Katrien Michiels (bestuurder)
- Director reappointment, Anita Van Avermaet (bestuurder)
- Director appointment, Bart Michiels (bestuurder belast met het dagelijks bestuur)
- Director appointment, Luc Michiels (bestuurder belast met het dagelijks bestuur)
- Mandate compensation, UMISOL GROUP
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €-267k
Net result drops to €-267k, the lowest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 53 days late
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €141k
Net result €141k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €46k
Net result €46k after 2 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 6 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 8 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2025
This board is reconstructed from a single act (26115262). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Anita Van Avermaet
CurrentDirector · since 16-09-2025
Bart Michiels
CurrentDirector · since 16-09-2025
Katrien Michiels
CurrentDirector · since 16-09-2025
Luc Michiels
CurrentDirector · since 16-09-2025
16-09-2025
Anita Van Avermaet: Mandate renewed as Director
16-09-2025
Bart Michiels: Mandate renewed as Director
16-09-2025
Bart Michiels: Appointed as Bestuurder belast met het dagelijks bestuur
16-09-2025
Katrien Michiels: Mandate renewed as Director
16-09-2025
Luc Michiels: Mandate renewed as Director
16-09-2025
Luc Michiels: Appointed as Bestuurder belast met het dagelijks bestuur
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 2001
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.
Poldergotestraat 249240 ZeleGround area
5,418 m²
Building footprint
2,444 m²
Volume, LiDAR
8 m³
Parcel 42028A1514/00T000, Flanders · tallest building 1.1 m. Linked by address, not a title deed.
1 establishment unit
Poldergotestraat 24, 9240 Zele
since 20012.101.447.293
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1514/00T000 | Flanders | 5,418 m² | 1 · 2,444 m² | 1.1 m |
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.
Structure & network
Connections & network
19 connected companiesLinked via shared directors
viaBart Michiels · Director
→
viaLuc Michiels · Director
→
viaBart Michiels · Director
→
viaBart Michiels · Director
former→
Show 15 more companies with a shared director
viaBart Michiels · Director
former→
viaBart Michiels · Director
former→
viaBart Michiels · Director
former→
viaLuc Michiels · Director
former→
viaLuc Michiels · Director
former→
viaLuc Michiels · Gestion journalière
former→
viaLuc Michiels · Director
former→
viaBart Michiels · Director
former→
viaLuc Michiels · Bestuurder en gedelegeerd bestuurder
former→
viaBart Michiels · Director
former→
viaLuc Michiels · Director
former→
viaBart Michiels · Director
former→
viaBart Michiels · Director
former→
viaBart Michiels · Director
former→
viaLuc Michiels · Director
former→
Recognitions · licences · registrations
Recognised contractor
1 categoryUMISOL GROUP NV28263
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Of 4,270 companies in sector 43230 we hold annual accounts for 1,240. 914 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-11-2001
Fiscal year end31-12
Activities, NACEBEL
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.