Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Shrinking team NBB
FTE fell two years in a row, from 110.5 to 98.2.
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Figures corrected NBB
Corrected annual account filed for 2023.
Financials
Financial year 2024
Transports Fernand Michel from La Louvière, company number BE0412777263, closed financial year 2024 with a result of € -218,420 after tax. For that financial year Transports Fernand Michel recorded revenue of € 12.1 million and equity of € 161,044. Compared with financial year 2023, the result moved from € -91,958 to € -218,420. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 161,044
▼ 30% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -218,420
▼ 138 % more loss than in 2023
Profit after tax over the fiscal year.
€ 152,856
▼ 9% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -149,996.
People and assets in 2024
98.2
▼ 2.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 5.2 million
▲ 3% vs 2023
€ 53,200 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.
€ 1.2 million
▲ 20% vs 2023
Of which on lease € 911,803.
Debts at end 2024
€ 2.2 million
▲ 3% vs 2023
€ 288,724 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.1 million
▲ 11% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 56 days on average.
€ 697,874
▼ 1% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 11,002,426 | € 12,219,107 | € 12,059,756 | € 12,050,091 | |
| Profit after taxes | € 5,574 | € 26,992 | € -91,958 | € -218,420 | ▼ € 126,462 |
| Equity | € 295,390 | € 322,381 | € 230,423 | € 161,044 | ▼ 30% |
| Total debts | € 3,043,983 | € 3,169,805 | € 3,884,204 | € 4,127,125 | ▲ 6% |
| Cash | € 232,807 | € 176,849 | € 168,491 | € 152,856 | ▼ 9% |
| Retained profit | € 133,390 | € 160,381 | € 68,423 | € -149,996 | ▼ € 218,420 |
| Bank debt | € 1,411,788 | € 1,717,032 | € 2,186,040 | € 2,245,339 | ▲ 3% |
| Balance sheet total | € 3,339,373 | € 3,492,187 | € 4,114,627 | € 4,288,168 | ▲ 4% |
| Employees (FTE) | 113.5 | 110.5 | 100.7 | 98.2 | ▼ 2.5 |
Key figures of Transports Fernand Michel, 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 Transports Fernand Michel?
What happened at Transports Fernand Michel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Béatrice VAEREMANS stepped down as director. NBB
- Valéry MICHEL stepped down as director. NBB
- MICHEL MANAGEMENT SRL stepped down as director. NBB
- Cendrine MICHEL stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 218,420. filed late Source: NBB ↗
- Béatrice VAEREMANS became a director. NBB
- Valéry MICHEL became a director. NBB
- MICHEL MANAGEMENT SRL became a director. NBB
In short
From € 5,574 profit in 2021 to € 218,420 loss in 2024.
Paid € 2,087 in corporate taxes since 2021.
Best year ever: 2022, with € 26,992 profit.
Pays suppliers within 56 days on average.
Management
The shares are held by Valéry MICHEL, Didier et Béatrice MICHEL et VAERMANS and Cendrine MICHEL. It owns 90% of MILO SLOVAK ROAD s.r.o and 33.4% of MICHEL LOGISTICS itself.
Directors
According to the 2024 annual accounts
since 2023 · until 2029
since 2023 · until 2029
Managing director · represented by Didier MICHEL
Also active at: MICHEL LOGISTICS
since 2023 · until 2029
Cendrine MICHEL
Director
Is a shareholder
since 2023 · until 2029
Shareholders
Valéry MICHEL · director
Didier et Béatrice MICHEL et VAERMANS
Cendrine MICHEL · director
Participations
MILO SLOVAK ROAD s.r.o
90%
33.4%
Establishments
Establishment units
Physical locations of this company
Rue Cronos(H-G) 1
7110 La Louvière
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0412.777.263
- VAT number
- BE 0412.777.263
- Registered office
- Rue Cronos(H-G) 1, 7110 La Louvière
- Names & denominations
- Transports Fernand Michel
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 1 October 1972
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
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