Financials
Financial year 2026
Schrijnwerkerij Michiels from Zele, company number BE0417844425, closed financial year 2026 with a result of € 44,053 after tax. For that financial year Schrijnwerkerij Michiels recorded a gross margin of € 208,374 and equity of € 424,190. Compared with financial year 2025, the result moved from € 79,754 to € 44,053. The company is profitable. 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 August 27, 2026.
€ 424,190
▲ 12% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,053
▼ 45% vs 2025
Profit after tax over the fiscal year.
€ 60,378
▼ 44% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 387,190.
People and assets in 2026
2.9
▲ 0.5 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 116,553
▼ 23% vs 2025
€ 40,200 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.
€ 13,139
▲ 217% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 72,514
▼ 28% vs 2025
€ 25,653 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 11,978
▼ 73% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 5,392
▼ 29% vs 2025
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 272,087 | € 315,100 | € 291,311 | € 208,374 | ▼ 28% |
| Profit after taxes | € 42,768 | € 80,320 | € 79,754 | € 44,053 | ▼ 45% |
| Equity | € 229,063 | € 300,383 | € 380,137 | € 424,190 | ▲ 12% |
| Total debts | € 224,906 | € 188,435 | € 152,824 | € 93,473 | ▼ 39% |
| Cash | € 127,295 | € 91,823 | € 107,907 | € 60,378 | ▼ 44% |
| Retained profit | € 192,063 | € 263,383 | € 343,137 | € 387,190 | ▲ 13% |
| Dividend | € 20,000 | € 9,000 | € 0 | € 0 | |
| Bank debt | € 174,324 | € 137,850 | € 100,760 | € 72,514 | ▼ 28% |
| Balance sheet total | € 453,968 | € 488,817 | € 532,961 | € 517,663 | ▼ 3% |
| Employees (FTE) | 4 | 4 | 2.4 | 2.9 | ▲ 0.5 |
Key figures of Schrijnwerkerij Michiels, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to Schrijnwerkerij Michiels?
What happened at Schrijnwerkerij Michiels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 44,053 (▼ 45% vs 2025). Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Zele. KBO
In short
From € 42,768 profit in 2023 to € 44,053 profit in 2026.
Paid € 91,541 in corporate taxes since 2023.
Best year ever: 2024, with € 80,320 profit.
On average € 71,900 of value added per employee in 2026.
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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 Schrijnwerkerij Michiels is Etienne Michiels.
Directors
According to the 2026 annual accounts
Etienne Michiels
Director
Establishments
Establishment units
Physical locations of this company
Avermaat 149
9240 Zele
Rinkhout 116 box C
9240 Zele
Active since 28 December 1977
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.844.425
- VAT number
- BE 0417.844.425
- Registered office
- Avermaat 149, 9240 Zele
- Names & denominations
- Schrijnwerkerij Michiels
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1977
- Peppol
- Active · Active since 26 Mar 2025
- Activities · NACE
Schrijnwerk van hout of van kunststof
Schrijnwerk