Financials
Financial year 2024
Vleeswarenfabriek Jac Michiels from Antwerpen, company number BE0404722206, closed financial year 2024 with a result of € 801,764 after tax. For that financial year Vleeswarenfabriek Jac Michiels recorded revenue of € 19.4 million and equity of € 3.6 million. Compared with financial year 2023, the result moved from € 797,857 to € 801,764. Profitable, and profit is growing. 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 June 5, 2025.
€ 3.6 million
▲ 29% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 801,764
Profit after tax over the fiscal year.
€ 451,186
▼ 50% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 3.5 million.
People and assets in 2024
37.6
▼ 1.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▼ 1% vs 2023
€ 56,100 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.
€ 223,720
▼ 32% vs 2023
Of which on lease € 80,229.
Debts at end 2024
€ 1.8 million
▼ 20% vs 2023
€ 392,854 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.9 million
▲ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.
€ 355,186
▼ 23% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | - | € 14,780,373 | € 18,150,160 | € 19,355,336 | ▲ 7% |
| Gross margin | € 3,020,716 | - | - | - | |
| Profit after taxes | € 382,974 | € 149,056 | € 797,857 | € 801,764 | |
| Equity | € 1,910,732 | € 2,059,788 | € 2,782,644 | € 3,584,408 | ▲ 29% |
| Total debts | € 4,160,078 | € 4,805,996 | € 4,904,105 | € 4,444,647 | ▼ 9% |
| Cash | € 555,756 | € 677,394 | € 907,827 | € 451,186 | ▼ 50% |
| Land & buildings | € 747,446 | € 748,293 | € 1,577,190 | € 1,438,403 | ▼ 9% |
| Retained profit | € 1,786,242 | € 1,935,298 | € 2,658,154 | € 3,459,918 | ▲ 30% |
| Dividend | € 0 | € 0 | € 75,000 | € 0 | ▼ 100% |
| Bank debt | € 1,770,872 | € 1,531,463 | € 2,212,047 | € 1,771,434 | ▼ 20% |
| Balance sheet total | € 6,070,810 | € 6,865,784 | € 7,686,749 | € 8,029,055 | ▲ 4% |
| Employees (FTE) | 39.2 | 38.8 | 39 | 37.6 | ▼ 1.4 |
Key figures of Vleeswarenfabriek Jac Michiels, 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 Vleeswarenfabriek Jac Michiels?
What happened at Vleeswarenfabriek Jac Michiels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vercraeye Marianne stepped down as director. NBB
- Luxomattic BV stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 801,764. Source: NBB ↗
- Luxomattic BV became a director. NBB
- Vercraeye Marianne became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
- New establishment in Antwerpen. KBO
In short
From € 382,974 profit in 2021 to € 801,764 profit in 2024.
Paid € 603,368 in corporate taxes since 2021.
Best year ever: 2024, with € 801,764 profit.
On average € 77,100 of value added per employee in 2021.
A new publication or filing at Vleeswarenfabriek Jac Michiels? We notify you, reason included.
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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
Directors
According to the 2024 annual accounts
Vercraeye Marianne
Director
since 2019 · until 2029
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Middelmolenlaan 139
2100 Antwerpen
Belcrownlaan 42
2100 Antwerpen
Active since 1 June 2007
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.722.206
- VAT number
- BE 0404.722.206
- Registered office
- Middelmolenlaan 139, 2100 Antwerpen
- Names & denominations
- Vleeswarenfabriek Jac Michiels
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
Vervaardiging van verse vleeswaren en van vleesconserven
Vervaardiging van producten van vlees of van vlees van gevogelte