Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2024; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 7.4 to 3.7.
Financials
Financial year 2024
MICHEL LINCHET from Somme-Leuze, company number BE0466429349, closed financial year 2024 with a result of € -6,664 after tax. For that financial year MICHEL LINCHET recorded a gross margin of € 426,224 and equity of € 1.2 million. Compared with financial year 2023, the result moved from € 24,344 to € -6,664. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2025.
€ 1.2 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,664
▼ still € 24,344 profit in 2023
Profit after tax over the fiscal year.
€ 7,953
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 222,910.
People and assets in 2024
3.7
▼ 2.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 237,934
▼ 40% vs 2023
€ 64,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 74,320
▼ 48% vs 2023
Of which on lease € 32,709.
Debts at end 2024
€ 596,455
▼ 18% vs 2023
€ 79,912 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 312,573
▲ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 42,242
▼ 72% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 531,914 | € 613,709 | € 616,515 | € 426,224 | ▼ 31% |
| Profit after taxes | € 12,014 | € 37,432 | € 24,344 | € -6,664 | ▼ € 31,008 |
| Equity | € 265,297 | € 1,204,703 | € 1,221,044 | € 1,226,248 | |
| Total debts | € 1,537,216 | € 1,443,829 | € 1,229,612 | € 1,029,418 | ▼ 16% |
| Cash | € 141,350 | € 22,377 | - | € 7,953 | |
| Land & buildings | € 253,609 | € 1,145,017 | € 1,090,528 | € 1,012,413 | ▼ 7% |
| Retained profit | € 167,798 | € 205,230 | € 229,574 | € 222,910 | ▼ 3% |
| Bank debt | € 980,576 | € 893,391 | € 727,023 | € 596,455 | ▼ 18% |
| Balance sheet total | € 1,802,513 | € 2,648,532 | € 2,450,656 | € 2,255,666 | ▼ 8% |
| Employees (FTE) | 7.3 | 7.4 | 6.1 | 3.7 | ▼ 2.4 |
Key figures of MICHEL LINCHET, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MICHEL LINCHET?
What happened at MICHEL LINCHET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 6,664 (▼ € 31,008 vs 2023). filed late Source: NBB ↗
- New establishment in Somme-Leuze. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,014 profit in 2021 to € 6,664 loss in 2024.
Paid € 18,915 in corporate taxes since 2021.
Best year ever: 2022, with € 37,432 profit.
On average € 115,200 of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind MICHEL LINCHET is MICHEL LINCHET.
Directors
According to the 2024 annual accounts
MICHEL LINCHET
Administrator-manager
Establishments
Establishment units
Physical locations of this company
Zone d'activités Nord, Bail. 61
5377 Somme-Leuze
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
VERIXI, BE
Website info
Features
Security
Details
- Company number
- 0466.429.349
- VAT number
- BE 0466.429.349
- Registered office
- Zone d'activités Nord, Bail. 61, 5377 Somme-Leuze
- Names & denominations
- MICHEL LINCHET
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 July 1999
- Peppol
- Active · Active since 13 Oct 2025
- Contact
- sprllinchet.be
- Activities · NACE
Schrijnwerk
Schrijnwerk van hout of van kunststof
Glaszetten
Dakwerkzaamheden
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie
Overige gespecialiseerde bouwactiviteiten, neg
Aanleg van pijpleidingen, telecommunicatieleidingen en hoogspanningsleidingen
Dakbedekking en bouw van dakconstructies
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