Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.6 to 4.
Financials
Financial year 2025
FRANS MICHIELS & ZONEN from Sint-Katelijne-Waver, company number BE0418914888, closed financial year 2025 with a result of € 444,067 after tax. For that financial year FRANS MICHIELS & ZONEN recorded revenue of € 17.8 million and equity of € 4.6 million. Compared with financial year 2024, the result moved from € 675,864 to € 444,067. 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 June 19, 2026.
€ 4.6 million
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 444,067
▼ 34% vs 2024
Profit after tax over the fiscal year.
€ 1.5 million
▼ 15% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 364,650 paid out
82 % of the profit went to the shareholders, mostly to FRAMIBEL (100 % of the shares). That is where the money ends up.
People and assets in 2025
4
▼ 1.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 301,216
▼ 18% vs 2024
€ 75,300 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.
€ 27,019
▼ 32% vs 2024
Of which on lease € 19,254.
Debts at end 2025
€ 11,484
▼ 47% vs 2024
Loans from banks and other lenders, long and short.
€ 365,354
▼ 63% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 8 days on average.
€ 124,045
▲ 31% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 18,543,950 | € 21,418,561 | € 19,523,331 | € 17,827,890 | ▼ 9% |
| Profit after taxes | € 949,882 | € 721,031 | € 675,864 | € 444,067 | ▼ 34% |
| Equity | € 3,946,010 | € 4,238,041 | € 4,506,356 | € 4,585,773 | ▲ 2% |
| Total debts | € 2,049,201 | € 1,876,649 | € 1,534,851 | € 865,533 | ▼ 44% |
| Cash | € 1,678,104 | € 1,749,942 | € 1,758,331 | € 1,500,718 | ▼ 15% |
| Retained profit | € 2,047,753 | € 2,339,784 | € 2,608,098 | € 2,687,516 | ▲ 3% |
| Dividend | € 643,500 | € 429,000 | € 407,550 | € 364,650 | ▼ 11% |
| Bank debt | € 72,076 | € 54,585 | € 21,808 | € 11,484 | ▼ 47% |
| Balance sheet total | € 6,016,945 | € 6,126,768 | € 6,045,063 | € 5,452,199 | ▼ 10% |
| Employees (FTE) | 5.1 | 5.6 | 5.2 | 4 | ▼ 1.2 |
Key figures of FRANS MICHIELS & ZONEN, 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 FRANS MICHIELS & ZONEN?
What happened at FRANS MICHIELS & ZONEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michiels N. COMMV stepped down as director. NBB
- DENDAUW-VAN COILLIE COMMV stepped down as director. NBB
- FRAMIBEL NV stepped down as director. NBB
- CLOVIS BV stepped down as director. NBB
- Sali COMMV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 444,067 (▼ 34% vs 2024). Source: NBB ↗
- Michiels N. COMMV became a director. NBB
- DENDAUW-VAN COILLIE COMMV became a director. NBB
In short
From € 949,882 profit in 2022 to € 444,067 profit in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2022, with € 949,882 profit.
Paid out € 1.8 million in dividends to the owners in total.
Management
The shares are held by FRAMIBEL (100%).
Directors
According to the 2025 annual accounts
Director · represented by Michiels Nick
Also active at: Gebroeders Michiels, FMB-Logistics, FRAMIBEL
since 2022 · until 2027
Managing director · represented by Dendauw Pol
Also active at: Gebroeders Michiels, FMB-Logistics, ARDELICE, FRAMIBEL, CUVELIER FRUIT
since 2022 · until 2027
Managing director · represented by Buyck Jeroen
Also active at: Gebroeders Michiels, FMB-Logistics
since 2018 · until 2027
Chairman of the board · represented by Buyck Charlotte
Also active at: Calsa Logistics, CALSA, Gebroeders Michiels, FMB-Logistics, AMATUS, ARDELICE
since 2022 · until 2027
Director · represented by Stijnen Gerd
Also active at: Gebroeders Michiels, FMB-Logistics, FRAMIBEL
since 2022 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kempenarestraat 50a box 3
2860 Sint-Katelijne-Waver
Kempenarestraat 50A box 3
2860 Sint-Katelijne-Waver
Active since 2 January 1979
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.914.888
- VAT number
- BE 0418.914.888
- Registered office
- Kempenarestraat 50a bus 3, 2860 Sint-Katelijne-Waver
- Names & denominations
- FRANS MICHIELS & ZONEN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 1978
- Peppol
- Active · Active since 24 Dec 2025
- Activities · NACE
Groothandel in groenten en fruit, muv consumptieaardappelen
Groothandel in groenten en fruit
Goederenvervoer over de weg
Overige detailhandel in nieuwe artikelen neg
Overige markt- en straathandel
Markt- en straathandel in andere artikelen