What does Michiels Fabrieken do?

Michiels Fabrieken is registered with the CBE as active in: Vervaardiging van veevoeders. Public Limited, started on 1 January 1968, 1 establishment.

What is the address of Michiels Fabrieken?

The registered office of Michiels Fabrieken is located at Vijvestraat 200, 9870 Zulte.

Is Michiels Fabrieken still active?

Yes. According to the CBE (30 October 2026) Michiels Fabrieken is active, legal situation “Normale toestand”, started on 1 January 1968.

Is Michiels Fabrieken registered on Peppol?

Yes, Michiels Fabrieken is registered on the Peppol network with ID 0208:0401034325.

What is the enterprise number of Michiels Fabrieken?

The enterprise number of Michiels Fabrieken is BE0401034325.

When was Michiels Fabrieken founded?

Michiels Fabrieken was founded on 1 January 1968.

Who are the directors of Michiels Fabrieken?

According to the 2025 annual accounts, the directors of Michiels Fabrieken are: Frederik Michiels, Sabine Michiels, Philippe Michiels, VINCENT SQ NV.

Is Michiels Fabrieken a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1968; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account.

How much profit did Michiels Fabrieken make in 2025?

Michiels Fabrieken posted a profit after taxes of € 5,577,345 in financial year 2025.

What is the revenue of Michiels Fabrieken?

In its most recent annual accounts (2025), Michiels Fabrieken reported revenue of € 46,903,432.

How much does an employee at Michiels Fabrieken earn?

The average wage cost per full-time employee at Michiels Fabrieken was € 58,100 in 2025: staff costs of € 1.8 million for 30.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Michiels Fabrieken have?

According to the 2025 annual accounts, Michiels Fabrieken has 30.4 full-time equivalents (FTE).

Does Michiels Fabrieken have a website?

Yes, Michiels Fabrieken has a website at michielsfabrieken.com.

Michiels Fabrieken (Public Limited) - Zulte

Dossier Michiels Fabrieken, printed on 30 October 2026 from databakkes.be/en/0401034325/michiels-fabrieken. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Michiels Fabrieken from Zulte, company number BE0401034325, closed financial year 2025 with a result of € 5.6 million after tax. For that financial year Michiels Fabrieken recorded revenue of € 46.9 million and equity of € 14.4 million. Compared with financial year 2024, the result moved from € 5.3 million to € 5.6 million. Profitable, and profit is growing. The buffer shrank hard: equity is 71 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 2, 2026.

What it is worth Shrank hard

€ 14.4 million

▼ 71% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 5.6 million

▲ 6% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2.6 million

▲ € 2.2 million vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 41.1 million paid out

More than the year’s profit went to the shareholders; reserves fell.

People and assets in 2025

Full-time equivalents

30.4

▼ 0.4 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 6.5 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 1.8 million

▲ 6% vs 2024

€ 58,100 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.

Vehicles and equipment

€ 273,272

▲ 8% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 498,064

▼ 70% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 5 days on average.

Taxes and wages

€ 260,303

▼ 86% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 126,794,147 Revenue 2022: € 126,794,147 First fiscal year in the series	€ 68,463,096 Revenue 2023: € 68,463,096 ▼ 46% vs 2022 (€ 126,794,147) Unfavourable step	€ 39,639,096 Revenue 2024: € 39,639,096 ▼ 42% vs 2023 (€ 68,463,096) Unfavourable step	€ 46,903,432 Revenue 2025: € 46,903,432 ▲ 18% vs 2024 (€ 39,639,096) Favourable step	▲ 18%
Profit after taxes	€ 24,092,105 Profit after taxes 2022: € 24,092,105 First fiscal year in the series	€ 18,279,027 Profit after taxes 2023: € 18,279,027 ▼ 24% vs 2022 (€ 24,092,105) Unfavourable step	€ 5,284,539 Profit after taxes 2024: € 5,284,539 ▼ 71% vs 2023 (€ 18,279,027) Unfavourable step	€ 5,577,345 Profit after taxes 2025: € 5,577,345 ▲ 6% vs 2024 (€ 5,284,539) Favourable step	▲ 6%
Equity	€ 39,312,257 Equity 2022: € 39,312,257 First fiscal year in the series	€ 44,593,324 Equity 2023: € 44,593,324 ▲ 13% vs 2022 (€ 39,312,257) Favourable step	€ 49,852,863 Equity 2024: € 49,852,863 ▲ 12% vs 2023 (€ 44,593,324) Favourable step	€ 14,351,188 Equity 2025: € 14,351,188 ▼ 71% vs 2024 (€ 49,852,863) Unfavourable step	▼ 71%
Total debts	€ 15,173,646 Total debts 2022: € 15,173,646 First fiscal year in the series	€ 14,684,355 Total debts 2023: € 14,684,355 ▼ 3% vs 2022 (€ 15,173,646) Favourable step	€ 3,564,632 Total debts 2024: € 3,564,632 ▼ 76% vs 2023 (€ 14,684,355) Favourable step	€ 7,789,518 Total debts 2025: € 7,789,518 ▲ 119% vs 2024 (€ 3,564,632) Unfavourable step	▲ 119%
Cash	€ 12,969,373 Cash 2022: € 12,969,373 First fiscal year in the series	€ 2,225,243 Cash 2023: € 2,225,243 ▼ 83% vs 2022 (€ 12,969,373) Unfavourable step	€ 395,988 Cash 2024: € 395,988 ▼ 82% vs 2023 (€ 2,225,243) Unfavourable step	€ 2,611,920 Cash 2025: € 2,611,920 ▲ € 2.2 million vs 2024 (€ 395,988) Favourable step	▲ € 2.2 million
Retained profit	€ 39,242,257 Retained profit 2022: € 39,242,257 First fiscal year in the series	€ 44,523,324 Retained profit 2023: € 44,523,324 ▲ 13% vs 2022 (€ 39,242,257) Favourable step	€ 49,782,863 Retained profit 2024: € 49,782,863 ▲ 12% vs 2023 (€ 44,523,324) Favourable step	€ 14,281,188 Retained profit 2025: € 14,281,188 ▼ 71% vs 2024 (€ 49,782,863) Unfavourable step	▼ 71%
Dividend	€ 9,829,000 Dividend 2022: € 9,829,000 First fiscal year in the series	€ 12,997,960 Dividend 2023: € 12,997,960 ▲ 32% vs 2022 (€ 9,829,000) Unchanged	€ 25,000 Dividend 2024: € 25,000 ▼ € 13 million vs 2023 (€ 12,997,960) Unchanged	€ 41,079,020 Dividend 2025: € 41,079,020 ▲ € 41.1 million vs 2024 (€ 25,000) Unchanged	▲ € 41.1 million
Bank debt	€ 44 Bank debt 2022: € 44 First fiscal year in the series	€ 0 Bank debt 2023: € 0 ▼ 100% vs 2022 (€ 44) Favourable step	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2025: € 0 Unchanged (€ 0) Unchanged
Balance sheet total	€ 54,485,903 Balance sheet total 2022: € 54,485,903 First fiscal year in the series	€ 59,940,101 Balance sheet total 2023: € 59,940,101 ▲ 10% vs 2022 (€ 54,485,903) Unchanged	€ 56,942,877 Balance sheet total 2024: € 56,942,877 ▼ 5% vs 2023 (€ 59,940,101) Unchanged	€ 22,517,659 Balance sheet total 2025: € 22,517,659 ▼ 60% vs 2024 (€ 56,942,877) Unchanged	▼ 60%
Employees (FTE)	29.1 Employees (FTE) 2022: 29.1 First fiscal year in the series	31.1 Employees (FTE) 2023: 31.1 ▲ 2 vs 2022 (29.1) Unchanged	30.8 Employees (FTE) 2024: 30.8 ▼ 0.3 vs 2023 (31.1) Unchanged	30.4 Employees (FTE) 2025: 30.4 ▼ 0.4 vs 2024 (30.8) Unchanged	▼ 0.4

Key figures of Michiels Fabrieken, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Michiels Fabrieken?

What happened at Michiels Fabrieken in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 2, 2026 New annual accounts for financial year 2025: profit of € 5.6 million (▲ 6% vs 2024). Source: NBB ↗
Jan 1, 1968 Start of the company according to the CBE. KBO
Jul 1, 1959 New establishment in Zulte. KBO

In short

From € 24.1 million profit in 2022 to € 5.6 million profit in 2025.

Paid € 18.9 million in corporate taxes since 2022.

Best year ever: 2022, with € 24.1 million profit.

Paid out € 63.9 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

PHILINCO 33.1%

SABINCO 33.1%

FREDINCO 33.1%

The stake of PHILINCO, SABINCO, FREDINCO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Michiels Fabrieken

Behind Michiels Fabrieken are Frederik Michiels, Sabine Michiels, Philippe Michiels and VINCENT SQ NV. The shares are held by PHILINCO (33.1%), SABINCO (33.1%) and FREDINCO (33.1%).

Directors

According to the 2025 annual accounts

Frederik Michiels

Managing director

Also active at: FREDINCO, BILLIEBUBS

Sabine Michiels

Managing director

Also active at: SABINCO, VINCENT SQ

Philippe Michiels

Managing director

Also active at: PHILINCO

VINCENT SQ NV

Managing director · represented by Dirk Michiels

Shareholders

PHILINCO

33.1%

SABINCO

33.1%

FREDINCO

33.1%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Vijvestraat 200

9870 Zulte

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

BILLIEBUBS same network

€ -6,353 gross margin · 2025

GROEP MICHIELS

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Website

HTTPS michielsfabrieken.com

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Hosting

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Domain

michielsfabrieken.com

Registered

2017-12-01

Registrar

Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA

Expires

2026-12-01

Website info

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Details

Company number

0401.034.325

VAT number

BE 0401.034.325

Registered office

Vijvestraat 200, 9870 Zulte

Names & denominations

Michiels Fabrieken

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 January 1968

Peppol

Active · Active since 27 Mar 2026

Contact

michielsfabrieken.com

Activities · NACE

Vervaardiging van veevoeders

Vervaardiging van maalderijproducten

View on CBE Public ↗ Annual accounts (NBB) ↗

Michiels Fabrieken

Financials

What happened to Michiels Fabrieken?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Website

Technologies

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